Is Wealthy Affiliate a Pyramid Scheme?
Many people who check it out wonder if Wealthy Affiliate is a multi-level marketing scheme. The answer is a clear NO, but let me explain why.
Multi-level marketing schemes or pyramid schemes require the account holder to sell something to someone and then pressure the people to whom they sell, to then sell to other people. That’s how the people at the top of a “downline” make money. A downline describes the people who are working beneath you or the people who are “down the line” from you, or are lower in the pyramid.
Multi level marketing programs can work for a while if you know a lot of people and the product or service is very new. The problem with these pyramid schemes is that they expand so quickly that they run out of new people to bring in.
Once a multi-level marketing scheme has been around for a while a lot of people have already seen it and are doing it, or have either tried it already and didn’t like it, or are not interested at all. They tend to attract people who are very young, and haven’t seen a hundred of them come and go already in their lifetimes.
The picture below shows you how quickly pyramid schemes run out of people.
Wealthy Affiliate is very different from a pyramid scheme
First off, there is no downline. You can recommend it to people and get credit if they sign up, but when the people you recommend then recommend it to others, you don’t get credit, so there is no pressure to try to get the people under you to perform.
Secondly, Wealthy Affiliate is more of a social media college, where you can take courses and learn about website development, affiliate marketing, driving website traffic, etc. And, there are hundreds of people there to help you along the way. The main objective of Wealthy Affiliate is not creating a huge pyramid, but it’s about creating a huge community of people who help each other to succeed.
I go into much more detail on my “Is Wealthy Affiliate a Scam” page.
With Wealthy Affiliate there is never any pressure. You can learn at your own pace, sign up for the paid version only if you want to, and cancel at any time. I have never felt like I was being sold anything there. In fact, what I experienced were people reaching out to help me when I needed it even though there was really nothing in it for them other than feeling good about someone else’s success.
It’s a very unusual program
In most businesses or money making schemes, people will just step on each other or take advantage of others to succeed. Wealthy Affiliate is not that kind of program. You can sign up for free and try it out, and the creators themselves will help you to get started. There are multiple courses for learning about creating an online business and SO, SO many knowledgeable people to ask for help.
Sign up for a no-risk, FREE account today!