x close

SOUTH AFRICA'S TV WEBSITE

SOUTH AFRICA'S TV WEBSITE

ACTORS | ARTICLES | CASTINGS | SHOWS | TEASERS

The Business Club

Written by KeleFabulous from the blog Scorpio on 18 Jun 2009
Favourite this post

The recession brings with it a need to think big in terms of making money. Unfortunately some of us don't have entrepreneurial brains or ideas that can leave you with hundreds of cash machines in your possession. So we look to others to do the thinking for us...

I recently went to a presentation of The Business Club in Clearwater. Anyone heard of it? I hear they're all over the country. I actually attended 2 presentations and I must say it sounded a little "too good to be true" (always wary of those) plus not to mention they leave out the part about how hard or easy (depending on how you look at it) it is to make money. It all sounds above board but again, nothing in life comes easy and I'm wondering if it really is a worthy investment....

Who has heard/joined it? What can you tell us?

33 Comments

KeleFabulous
18 Jun 2009 12:39

INVESTMENT OR JUST ANOTHER PYRAMID SCHEME?

Ms. Jay
18 Jun 2009 12:43

another pyramid scheme.......

cleve
18 Jun 2009 12:48

Miss Jay explain the whole concept of the scheme

Molilo
18 Jun 2009 12:49

Heard about it early 2008, but i love my money, did not join. The lady who told me about it is still looking poor. I recently received a call from CashReturns, instructing me to join them. I told them I am not interested. I dont like to gamble with my money.

Toxic
18 Jun 2009 12:51

explainang hle what's this about?

maud
18 Jun 2009 12:54

i did, one of my friend tried to recruite me, these people first pay you for the first time you became excited you borrow money you put it in ,off they go, ngeke uphinde uzwe ngayo.

if this is what i think it is.

Best-Achiever
18 Jun 2009 12:55

if i cant not start the business on my own, it is better i put my money in the devil i know called bank, that those quick cashing scheme that goes bankrupt after having more than 100 investors. No gambling with my cash

Shuga babe
18 Jun 2009 13:00

Is this business like IFA from Clientel life?.

KeleFabulous
18 Jun 2009 13:00

you join and you start recruiting. a comm goes to the person thru whom you join
with your 1st 2 people you get in you only get a smalll portion (but you don't get it immediately, you only get this portion once you've got your 3rd person join in).
the bulk of the comm of your 1st 2 people goes to whoever recruited you.
after this you are off the "clutches" of your recruiter
the 3rd person you bring in, you get the bulk of the comm on your own they you get ur first payment.
they call this 3rd person Bob (beginning of business)
now with bob's first 2 people you get the bulk of the comm then he's also out of your clutches.
Bob's first 2 people are now in your clutches and their individual 2 will be yours and so forth and so forth.
bare you basically have to work for your first 3 then u can basically sit back and watch as the money rolls in.

the money is attractive and all but what interested me the most was the benefits, esp the holiday destinations i could take my son to. time off nje to just relax. as appealing as those are i still am somewhat skeptical

realist
18 Jun 2009 13:23

I actually attended 2 presentations and I must say it sounded a little "too good to be true"

It probably is.

To be sure give the financial services board a call and find out if they are legit and registered with them. Ask for their registration certificate number and if they have past financial results, ask if you can view them and then decide if it is worth it.

Remember the higher the risk the higher the return and likewise vice-versa. Keep that in mind when you decide to gamble with your money.

Cody
18 Jun 2009 13:31

I hate these push push money making scheme. it sure does sound like a pyramid scheme, and that IFA, mcim! i dont have time to go to peoples houses and asking them to join.

felfel
18 Jun 2009 13:35

yho hai sounds like a scam, just buy government bonds at DTI if u scared of banks. u can invest for 2 or 5 years. dont like these kinda things mna tu tu tu.

LM
18 Jun 2009 13:45

Just sell Tupperware Kele finish and klaar!!!! This sound like a very big ponzi/pyramid scheme to me. You will put your hard earned money in and the next thing you'll become a nuisance to your friends and family because you'll be hassling them to throw money into this drain!!!

My mom's friend is constantly smsing to go to a similar (not same company)presentation in Boksburg and it is annoying. I have an experience with IFA and believe you me it's not easy to sign one person who'll invest just R75/month. There is this older guy here at work;if you want to raise his 'high high' just ask him about millenium 2000 (midrand one). he invested about R10K and he never got a cent from it! he used to tell us how he was gonna be a millionaire blah blah blah and irritate us with late night calls desperately trying to convince us to go to presentations and eventually part with our R10Ks.

KeleFabulous
18 Jun 2009 13:48

realist they are legal. as legal as they come. you even pay tax on whatever money you make!

mara just to test the waters i've been "inviting" people over to come hear about the presentation so htey can make up their mind. i tell you, even though they strongly advice that we don't say anything, that people must come and hear and decide for themselves. getting people to come to these things is as hard as selling the damned thing. it may sound easy that after the 3rd person you can start to relax but even getting just the one to just come and sit and listen, let alone decide to join, is harder than hard

felfel
18 Jun 2009 13:52

10K is nothing, did u read The Sunday Times??? those white people who lost millions each, atleast 5million each other and he still says that he used his own money to invest in that Ponzi scheme not the business money, meaning he still has money left over still, damn, yah no, whites really got a headstart shame,lol, jealous down.

cleve
18 Jun 2009 13:55

Guys have you heard about AMWAY!!!!!!!

LM
18 Jun 2009 13:58

Yep I did...some lost about R40M and this US guy lost about 400M USD.

realist
18 Jun 2009 14:00

getting people to come to these things is as hard as selling the damned thing.

You are telling me, I have a friend who belongs to this IFA thing and he said that I must come along with him just to listen to these guys. I told him there and there that I am not interested with pyramid schemes and they guy was flabbergasted with me. So JA I can understand what you are saying.

cleve
18 Jun 2009 14:01

LM are you talking about AMWAY?? How did they lose their money?? details

LM
18 Jun 2009 14:15

hehehehehe Cleve, the same guy who lost R10K was also an AMWAY member!!! damn this guy ozama zonke izinto!!!

LM
18 Jun 2009 14:22

How did they lose their money?? details You need to recruit a minimum (3)number of investors within a certain period, say six months. this people should invest the specified amount. If you fail then it's bye bye, there are no refunds!!!

AMWAY is the one that has a bit of selling stuff ( from pots, jewellery to face creams) in it right?

realist
18 Jun 2009 14:23

damn this guy ozama zonke izinto!!!
Tell this guy to go to the stock market. Right now the stock market is on sale but it is slowly becoming expensive. If he buys now he may just strike it lucky and become a millionaire and realize his dream.

cleve
18 Jun 2009 14:28

AMWAY is the one that has a bit of selling stuff ( from pots, jewellery to face creams) in it right?

yes that one!

hehehehehe Cleve, the same guy who lost R10K was also an AMWAY member!!! damn this guy ozama zonke izinto!!!

Hhayi LM it can't be Amway, because amway you buy stuff like groceries and evrything and the joining fee is not that much like R1500........... So how did that guy lose his money, please ask him

tizoz
18 Jun 2009 14:32

Ponzi scheme lol.... I think the name Ponzi is sexy....

LM
18 Jun 2009 14:42

Hhayi LM it can't be Amway: Eish Cleve weh, the R10K was not lost ko AMWAY, e jelwe ko Millenium 2000 thing. Don't know how much he made or lost ko AMWAY!
So how did that guy lose his money, please ask him: like I said, I don't want to raise his high high!!!!

myname
18 Jun 2009 14:49

Is this business like IFA from Clientel life?.
Yes SB.

No thanks darling but ake nyaki, ke a tsi. I think if u want it & u r patient enough & cowardless then u can try but if u r like me then DONTS start!

LM
18 Jun 2009 14:52

cleve
18 Jun 2009 14:57

Guys I am part of Amway and we only have two people who joined and we get R900.00 a month and this has been going on for a year but I guess we are lazy to recruit again. We joined with R3000 so we did get our money back and extra.

I have a friend, she is part of IFA she gets like R4000-R5000 a month and she is still going strong so I'm not sure how much she is getting now.

VusiK
11 Aug 2009 19:24

It dies bit sound or read to be above board to me.

I will check with some people, and if It is good, or bad, will revert.

VusiK
11 Aug 2009 19:26

What's with Robert Kelly's Pants Crotch ... Strange and freaks me out!

mathata
11 Aug 2009 21:26

DONT SAY KWA KWAA

online77
31 Jul 2010 00:14

I was recruited by my ex pastor 2 years ago and took some money on my credit card to join. They make it seem so easy and simple to make money, but it's all a lie.
I lost R73000 and am still in debt. They refused to downgrade me amd I already owe +- R 30 000 extra in interest. My business went under and I tried to reason with them, but no interest.
I found something else only last week and registered on Saturday. When I checked on Tueasday morning I already made some money. Check it out here!
http://www.be-free.information4free.com
no sales, no meetings and no recruiting.

Cnglemother
31 Jul 2010 01:44

niggah puhleez!

Only TVSA members can reply to this thread. Click here to login or register.