Originally posted by chokolatte:
"Direct selling is the sale of a consumer product or
service, person-to-person, away from a fixed retail location. It is
a popular alternative to traditional employment for those seeking
to supplement their household income, or whose responsibilities or
circumstances do not allow for regular part-time or full-time
employment," said Mr Tan.
[b]Pyramid selling on the other hand,
requires participants to make a lump sum payment upfront to join
the scheme, and the driving force to recoup the initial fee is the
recruitment of more members, rather than the sale of goods and
services. Many participants lost huge amounts of money under the
scheme, and subsequently an Act was passed in 1973, declaring
pyramid selling illegal in Singapore.
so which category does bel'air falls into? [/b]
None of the above.
Strictly speaking, Pyramid Selling does not involve the sales of
goods and services. There should be a third definition for
Disguised Pyramid Scheme:
Disguised Pyramid
selling on the other hand, requires participants to make a lump sum
payment upfront($12K or
$72K) to join the scheme (Count, "1+5" ) and the
driving force to recoup the initial fee is the recruitment of more
members(Counts),
rather than the sale of goods and services. Many participants lost
huge amounts of money under the scheme, and an Act should
be passed in 2006/2007, declaring Disguised pyramid selling
illegal in Singapore. 