QUOTE(KooHei @ Apr 25 2008, 12:39 PM)
what other business gives similar returns like IRC... 5% fixed...
does anyone here involved in this MLM and successfully gained the 5%?
Again like I asked before, is this considered MLM for starters?
I'm not sure.
IRC wants investors. Say Investor A joined. So when investor A introduce investor B and investor B joined, what will investor A gain?
When investor B introduce and recruited investor C, what does investor A and B gain?!....
As the way I see it like my previous post, it's only 2 level as MLM is multi level.
In some sense, it looks more like direct sales and yet not direct sales.
It's more like what Playbook had mentioned.
The only thing uncertain here is whether or not it's legal to "collect" funds or capitals from the general public. But than again IRC can always defend themselves by saying that it's a relation between them an the potential capitalist, depending on their defense on their stance.
It's rather a simple idea.
EG:
I want to open a shop selling computers. And I do not have enough capital or I don't want to coup up so much.
I would invite my friends to join in it as sleeping partner. Than when it's profitable or gaining momentum and I'm hungering for more, I would ask more friends and maybe my initial friends would ask their friends thus gathering capital for another shop. And it goes on as expansion as business grows.
Concept is similar, just that this IRC put up a rather strong stance in paying back 5% of the investment whereby if it's my method, it's profit sharing according to "share portions". It's a great business idea but if I'm the owner, I'm more worried on paying back the 5% if my business drops. This eventually led to the discussion and debates we're having here now.