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Chain Letter Pyramid Schemes

Probably the oldest, and most familiar pyramid scheme, is the chain mail. This is seldom seen today, mostly because there are cheaper ways to bilk people than using the U.S. mail, and it's also illegal.

The first schemes were pitched in terms of receiving an impossible sum of thousands of dollars, all from sending X dollars to the first person on the list included with the letter. You would then remove that person's name, add yours to the bottom, and send out ten (or more) copies to people who also wanted to become rich.

Naturally, not everyone who got one of these letters, participated. But the success rate was big enough to make it worth the effort, because the more letters sent out, the bigger the returns, even if your success rate was only 2-3%. Depending on how long the chain had been going, there could be several hundred or thousands of letters out there with the same list of people you got, and the first person on that list was going to make out like a bandit.

As a money making scheme, it's pretty much a dinosaur these days. Chain mails do still make the rounds occasionally, usually amongst friends, but for the purpose of sharing things like recipes, or gathering squares of material to make pillows.

 

Recommendations for Making Money Legitimately Online

Always, remember if you want to make money online, it's going to take some hard work and dedication. If you would like to learn more about starting a legitimate online business, claim your free Make Your Site Sell Ebook and Dr. Ken Evoy will walk you through the steps to building a legitimate online business.

But What if You Need Money Now?

Many people try to find income opportunities online because they need to earn money quickly. They don't really have the time to build a business or wait for results.

Other people just don't want to start an online business and don't feel their cut out for business ownership. That is completely understandable, and there plenty of legitimate ways to earn an income from home - you just have to make your own opportunities. For help finding legitimate and good paying work online, please read the article entitled But I Need to Make Money Now: How to Work from Home.

 







 

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