Ask HN: Online entrepreneur network "Million Impossible", what do you think?

by theblackbox • 17 years ago

1 4 17 years ago

jakewolf2• 17 years ago

"MI Referral Scheme", multilevel marketing scheme, recently bankrupt founder and a blog hosted on wordpress.com. What else do you want to know? http://millionimpossible.com/coming-soon.asp?page=Success%20... Who wants to be a 399pound guinea pig?

theblackbox2• 17 years ago

I got (similar to) this as a first impression too (didn't catch the recently bankrupt founder, so thanks for that), but I just thought it was worth putting to the community. I'm still wet behind the ears as an "entrepreneur" and thought there might be someone here who knew of this and/or had some personal experience with them.

One thing that confuses me: when does multilevel marketing become something to avoid? For instance, we recently had contact with whitedotbox.com who have partnered with Yahoo! to offer a pay-per-click search box that can drive revenue for charity and third-sector organisations. This seems all well and good, but it's highly tiered and has affiliate/referal incentives built in. What is the line between a "pyramid scheme" (so to speak) to be avoided, and a method to build in growth?

Might just be being very naive so feel free to kick me into gear ;)

jakewolf2• 17 years ago

There's nothing wrong with getting a referral fee for signing up people. It's when most of your income comes from signing up new people instead of the product you're supposed to be selling that it becomes fishy.

I don't get whitedotbox. Why would someone give up 50% of potential revenue when they can use adsense for search and keep 100% of the payout.

Ask HN: Online entrepreneur network "Million Impossible", what do you think?

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