Lyoness? scam? yay or nay?

[jlambs]

Would like to just throw this out there to see what other people have to say about this cash back company and if they have had first had experience with them. Pretty much my dad has been non stop talking about this company recently and how he's not too sure as to if this company is really as great as it sounds! After listening to this awesome new business venture it almost sounds too good to be true and like a pyramid scam. I've been doing my own research and so far it just seems like both sides have fair arguments. So here i am reaching out to all of you, have you heard of this company? any good comments? advice? tips? is this a bad investment?additional comments or POVs? LMK please! If it means my dad is gonna be wasting a shit ton of money please help me out!!

Thanks!

[SkinnyPupp]

It is a pyramid scheme, and your dad is a fool. Try to help him if you can.

[tiger_handheld]

listen to what the Dragons have to say on the Den:

Lyoness - Dragons' Den - CBC Player

[BorLorBao]

^ LOL

Well deserved.

[inv4zn]

Wow that guy must get made fun of so much after that aired...

What a bitch of an ex-wife lol

[flagella]

LOL

[jlambs]

thanks for the tips! yeah in all honesty i think my dad just doesn't really know where to put his money and sooner or later its gonna be all gone. anybody here that has joined lyoness??

[Hehe]

I didn't know about Lyoness, but from its website, I find that it's trying to attract as many joe6packs as it can for its business model (promising great things for regular people).

And yet, when I take a look at its business model, I couldn't make any simple sense out of it after spending a couple of minutes reading.

That can tell you that this is not a good program to be in, no matter what it does.

The reason is simple, if its target market is regular joes, why on earth would they make their idea so complicated that an average joe can't understand? There's only one reason... they want to take your money without you knowing.

If any business idea doesn't make sense in your head, don't invest in it.

[SpeedStars]

Originally Posted by tiger_handheld

listen to what the Dragons have to say on the Den:

Lyoness - Dragons' Den - CBC Player

teaching business to 5 of the most successful entrepreneurs in Canada? I don't think so. Get your dad away from this company. Shit just doesn't look legit to me.

[sekin67835]

This sounds like Amway, Vector marketing, and all those other companies lol

[AW607]

Ohh Amway

Back in January I had one of my close friends who was all into that business stuff and how he heavily believes in the fact that he'll strike it rich and retire in a couple years. He got me into it, and after some serious insight and convincing from my girlfriend and friends, I backed out less than a week later I realized what it all incorporates, and it'll take years before anybody sees some real progress. As for my friend? I haven't spoken to him for almost a year now, and some of his bridges have been burned because of all these shenanigans.

Unrealistic and sketchy as fuck, keep your dad away from that kinda stuff

[BaoTurbo]

These pyramid schemes are a joke. Honestly people who are a part of it are convinced and will convince that this is not a pyramid scheme because of the psychological impact of negativity surrounding the phrase. They will re-phrase it like "partnership" "independant contractor" "job enrichment" "full of opportunities".

In the end, just like Arlene in DD said, "it's the analogy to describe it" that really matters. No one cares if its definitively a pyramid scheme or not, but the process of how the system works already shows that its a pyramid; no doubt.

I almost got sucked into Vector when they said all those promises of making $17+commission/hr. Honestly its too good to be true, but at the same time you really want to believe it so you get sucked in. It's actually worse than being a saleman IMO because of what it can really do to someone long term with that psychological persuasion versus a salesperson convincing you to buy something you need and less $$$ on the line. I'm in sales so that's my standpoint in this because the things that think manipulative techniques can do to someone can result in more devastation than anyone can imagine.

[Ludepower]

I was sadly almost tricked by a so called "friend" into these 'prymaid scheme'
He randomly ask me on Facebook if I wanna get rich with him.
I meet him at timmies and hes there with another dude. Both in suits asking me if I wanna be a millionaire.

Red flags keep going off. Why the fuk would you offer me a business opportunity too good to be true when I barely really know you. The whole time I'm listening them babble on about striking rich...I had no clue wat the fuk they were selling. All my questions were vaguely answered and I was told to come to the next meeting.

Anyways I find out it's a Rich Dad, Poor Door scam.
I never showed up to their next meeting and told my 'friend' dont ever call me again. This left a really bitter taste in my mouth because my time was wasted, I felt my intelligence was disrespected and couldn't help feel sorry for this friend being suckered into this.

[belaud]

I feel bad because one of my old friend's just recently got himself roped into this. He truly believes this will make him rich, and he even had one of those packages he showed me, telling me how this isn't a pyramid scam, and it's all well thought out, it was a "business opportunity."

All the money and expenses are self paid, even buying yourself into the pyramid is self paid, in what way will any of this pay off, unless you have friends that are willing to cash in for your pay cheque? You'd need some seriously stupid friends that are just as naive.

I've had a similar experience myself around 3-4 years ago, I met an ex-friend of mine at his house because a partnership arose and it was a completely safe way of get rich over night scheme. Straight up told him this was a pyramid scam and you're going to get buttfucked so fast, so hard. It was for one of those Accuberry power drinks or whatnot, and tasted like absolute shit. Couldn't really take him face-face value any more after this, just kind of drifted off. To this day, he's in the negative with this pyramid scheme.

All in all, money doesn't come quick to you in this world, unless you are willing to invest and contour your time & effort more then the average person. Or you have the luck of the irish and win Lottomax.

[Shorn]

lol i think the general rule of thumb is if someone promises you amazing returns on an investment, and it's not illegal, it's probably a scam

[08civicsi_coupe]

lol at the guy buying in for 10k then trying to sell it to 5 of the most business savy people in canada for 35k each when he has seen no roi! some people are so dumb

[TPMarko]

got dragged to one for ACN last year. not sure they are legit or not but i was sketched out by how much of a cult the group was like at the meeting so i left early.

[Gridlock]

Originally Posted by Ludepower

I was sadly almost tricked by a so called "friend" into these 'prymaid scheme'
He randomly ask me on Facebook if I wanna get rich with him.
I meet him at timmies and hes there with another dude. Both in suits asking me if I wanna be a millionaire.

Red flags keep going off. Why the fuk would you offer me a business opportunity too good to be true when I barely really know you. The whole time I'm listening them babble on about striking rich...I had no clue wat the fuk they were selling. All my questions were vaguely answered and I was told to come to the next meeting.

Anyways I find out it's a Rich Dad, Poor Door scam.
I never showed up to their next meeting and told my 'friend' dont ever call me again. This left a really bitter taste in my mouth because my time was wasted, I felt my intelligence was disrespected and couldn't help feel sorry for this friend being suckered into this.

LOL. Yeah, I had a former co-worker who called me up for a "business opportunity". We met up for lunch, and lo and behold, there is a stranger that is joining us. I had quit to start my own business, so of course, I was prime material.

So they start, with their not-a-pyramid pyramid. They break it into smaller pyramids. Awesome. Whatever. I think it was Primerica, where they are asking to burn through your closest contacts and family members and sell them their shit. Then you are on your own to get them to pimp for you.

So then they start talking about the benefits of doing this. Freedom was a word that was used a lot. So I touched on that. I'm like, "so, of the 3 people at this table, the 2 people that are talking to me about freedom need to leave here and go back to work. To a job. So they make income. They can't even make the leap to be unemployed. I can sit here and get wasted. In fact-lets. Lets sit here and get shit faced drunk, and then because you are rolling in so much cash from your business, you can pick up the tab-you know, to help out a struggling entrepreneur. Don't worry, I'll get you back, because if we sit here and get drunk, and you pick up my bill, I'll owe you one. And I'll sign up."

Shockingly, they didn't like my offer, and I never heard from them again.

People get so high on the idea of the business, but they never get into the execution of the idea. You can't have it all. You can't work your 9-5, and then talk freedom to your potentials. Quit your job and live it. Then you can talk.

[Psykopathik]

BTW Amway is still in buisness under another name after the Feds shut them down for Pyramid schemes.

i think Avon and Tupperware parties are the same. person #1 recruits others to sell for them. the person on the bottom gets nothing, the person on top gets the lions share.

[spideyv2]

lol, I had a buddy bring me to an Amway meeting last year

The guy who was giving out the speech claimed to have sold millions of records, became a successful business man, etcetc. I went home and googled his name, only to find nothing come up.

[Manic!]

Onetime a buddy took me to a meeting at the Sheraton in Surrey. It was a pyramid scheme for telephone services. All the presenters were cops. Who is going to say anything bad to a police officer? I just sat there with my mouth shut. My buddy signed up under his girlfriend. Did not make any real money. the relationship didn't last either.

[snails]

i had a friend jump on that monavi scheme and try to get all of us involved in it, telling us how the owners all drove up in lambo's and whatnot, convincing us he would own one in a few months... turns out he made like 120$ and lost like 700$ and never got his lambo hahaha

[JKam]

There's someone who has a storefront/office for Monavie on Lougheed hwy near the Production Way skytrain (I think). I wonder how much money they are losing to have it :S

[StylinRed]

i thought it was going to be more like how amazon and redflagdeals work things

where if someone shops at amazon using your link to amazon you get a cut

and how on redflag you get a rebate if you shop at respective sites through redflagdeals (and redflag gets a cut)

guess not

[knight604]

I'm not even friends with people who do this shit.