Prosperity Automated System (PAS) got more than 8500 members in less than 1 year. It is still under SEC investigation and may be shut down. What is the PAS? Is it a scam or pyramid scheme? Legal or il
July 11, 2006 (Press Release) --
Prosperity Automated System (PAS) got more than 8500 members in less than 1 year. It is still under SEC investigation and may be shut down. What is the PAS? Is it a scam or pyramid scheme? Legal or illegal?
The Prosperity Automated System is owned by the Prosperity Network, Inc. - a company based in California and was launched on Oct. 2005. PAS is so called self-promoting business. Its services include calling prospects and closing sales. In addition to promoting itself, 6 links are allowed to put on individual PAS site.
PAS is nothing but pyramid scheme?!
Prosperity Automated System provides real services: lead following up and calling your prospects. The issue is: PAS owners make profit almost from recruitment, using a so-called 1-up compensation plan. For eg. , when you purchase a system with $3895, $3000 is for your upline and $895 is for the company. After your first sale is rolled to upline, you are qualified and earn $3000 commission thereafter.
PAS looks just like a sophiscated pyramid scheme. Let's do a simple mathematics here. PAS member can make profit if he or she made 3 sales. Suppose there are X members who smile now, then there are about 3X who don't. That's is: only 1/4 or less can really make money.
"A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered." From Wikipedia.
The Prosperity Automated System is owned by the Prosperity Network, Inc. - a company based in California and was launched on Oct. 2005. PAS is so called self-promoting business. Its services include calling prospects and closing sales. In addition to promoting itself, 6 links are allowed to put on individual PAS site.
PAS is nothing but pyramid scheme?!
Prosperity Automated System provides real services: lead following up and calling your prospects. The issue is: PAS owners make profit almost from recruitment, using a so-called 1-up compensation plan. For eg. , when you purchase a system with $3895, $3000 is for your upline and $895 is for the company. After your first sale is rolled to upline, you are qualified and earn $3000 commission thereafter.
PAS looks just like a sophiscated pyramid scheme. Let's do a simple mathematics here. PAS member can make profit if he or she made 3 sales. Suppose there are X members who smile now, then there are about 3X who don't. That's is: only 1/4 or less can really make money.
"A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered." From Wikipedia.
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