well some ppl may consider this as selling your friends(Arabic).
GMI (Goldmine Int) is it a Scam?
@kareem_nasser: Did you know, among the first thing they teach you when u enter their Cabal is that good news go down, bad news go up.
Simple right? but with a hierarchy shrouded in mystery, you can't but think if all these good news going down are real.
Transparency is one of the key-success-factor in an enterprise, it helps employees gain trust in their companies.
I understand that your friend or whoever he is, is telling you that all is well. They are programmed like that. Don't blame him. Try to stay in good terms with him, it's really not worth it.
And profit, let's talk a sec about this one, if i buy an apple for 1$ :P and sell it for 1.01$ yeah i will be making profit.
The thing is here that the ratio of (Profit / Time / Effort) is so low that it isn't even worth it anymore.
Then they will throw the exponential factor at you, in time your tree will grow beyond measure, under a perfect world yes, in the real world i doubt it.
Ask for proofs: Annual reports, audit, statistics. etc
In the end, why am i saying all that? i'm just trying to share an experience, now for just 60$ or whatever, it isn't that terrible anymore, but it's like the 10$ documents fees we had to pay for, to my knowledge, if you are taking a formation, it's at the enterprise's expenses, not yours, just saying, it's a sign of struggle.
PS: I remembered something, one time i told one of the big uplines that a (my best)friend of mine told me not to go into GMI cause it's fishy, he answered: well it seems that he is not a real friend...
Simple right? but with a hierarchy shrouded in mystery, you can't but think if all these good news going down are real.
Transparency is one of the key-success-factor in an enterprise, it helps employees gain trust in their companies.
I understand that your friend or whoever he is, is telling you that all is well. They are programmed like that. Don't blame him. Try to stay in good terms with him, it's really not worth it.
And profit, let's talk a sec about this one, if i buy an apple for 1$ :P and sell it for 1.01$ yeah i will be making profit.
The thing is here that the ratio of (Profit / Time / Effort) is so low that it isn't even worth it anymore.
Then they will throw the exponential factor at you, in time your tree will grow beyond measure, under a perfect world yes, in the real world i doubt it.
Ask for proofs: Annual reports, audit, statistics. etc
In the end, why am i saying all that? i'm just trying to share an experience, now for just 60$ or whatever, it isn't that terrible anymore, but it's like the 10$ documents fees we had to pay for, to my knowledge, if you are taking a formation, it's at the enterprise's expenses, not yours, just saying, it's a sign of struggle.
PS: I remembered something, one time i told one of the big uplines that a (my best)friend of mine told me not to go into GMI cause it's fishy, he answered: well it seems that he is not a real friend...
well if u say so, and u say that your making money on your friend's sign-in simply give them an amount of your commissions man so simple :) !kareem_nasser wrotewell some ppl may consider this as selling your friends(Arabic).
- Edited
I disagreeFrz wrotewell if u say so, and u say that your making money on your friend's sign-in simply give them an amount of your commissions man so simple :) !kareem_nasser wrotewell some ppl may consider this as selling your friends(Arabic).
Ture:) same hereFrz wroteHello again,
about the embassy it's true
that's what they did mention on their website
Goldmine Int. - No relation
The embassy has recently received a number of questions concerning a company named “Goldmine International”. The Royal Norwegian Embassy would like to state that we have no knowledge of this company, and that we do not have any relations with them.
http://www.norway-lebanon.org/ARKIV/Old_web/business/news/goldmine/
read carefully what did they say about it
and of course they don't have any relations with them because it's attached to the e-commerce section hope the ones that called the embassy, asked about the e-commerce section
Geeks, i know how you feel about this, i have already felt this way!! but look what i have found :
- New Contacts
- Cash-flow
- The Knowledge about Network Marketing Concept
- And Freedom Financial/Time - At Least i saw that light that drives me there and am pursuing it....
-New Contacts
-Cash-flow
-The Knowledge about network Marketing Concept
And getting to financial Freedom:)..step closer to achieving one dream at a time:)...
And for the people who have had a bad experience,its coz ur upline didn't build the right relationship with u...
i mean the company gives u the basic plan which is 60$...but most people don't take initiative for themselves...and for someone forcing you...to do something...well there's no one to blame but that guy...upline cut loose and work with someone more professional someone that can truly lead and help you...
You know the cool thing about this business u only get paid when u help others:)..and by helping them achieve there dreams u achieve urs on the long run....
LOOK in the end...$70...i got nothing to loose...the only thing i loose is the potential i might miss out if i don't join...thats the way i see it...and $70 is like one night in Jemayze and still i'm getting a product,and i buy things all the time that i don't use:D..(i got two spare tires for my bike today)...,but when they forced people to get 10 accounts that brutal man..
And the negative up positive down thingy..well we bypassed that..on planing we sit down and talk about all the people who screw up this business for other people and see how we can help...and we talk negative coz on a round table were equal...NO shinny people..no upline no downline...Equals..i don't care if the top earners came and sats with us..still equals...thats what we teach people...i mean UR YOUR OWN BOSS... here why do u want to be guided..do what u think..but take it from someone successful...
And the negative up positive down thingy..well we bypassed that..on planing we sit down and talk about all the people who screw up this business for other people and see how we can help...and we talk negative coz on a round table were equal...NO shinny people..no upline no downline...Equals..i don't care if the top earners came and sats with us..still equals...thats what we teach people...i mean UR YOUR OWN BOSS... here why do u want to be guided..do what u think..but take it from someone successful...
Guys, take a minute to read this article before investing. Like the article says, it might not be all bad – but you will lose a lot in the process.-The Knowledge about network Marketing Concept
Review my previous posts if you will. It's an exact match. +1 for arithma.Multi-level marketing is system of marketing which puts more emphasis upon the recruiting of distributors than on the selling of products. As such, it is intrinsically flawed. MLM is very attractive, however, because it sells hope and appears to be outside the mainstream of business as usual.
Good thing we're not working on Mulit-Level Marketing:).
we're working pure Network marketing and there's a huge difference between them :)
we're working pure Network marketing and there's a huge difference between them :)
Read the article I posted, multi-level marketing and network marketing are the same. It can even be called referral marketing.Ommak wroteGood thing we're not working on Mulit-Level Marketing:).
we're working pure Network marketing and there's a huge difference between them :)
Here's the link again: http://www.skepdic.com/mlm.html
Nah dude there not the same.There's a hug difference between them and it depends on every company.what they use as a system,or plan.Read this article.samer wroteRead the article I posted, multi-level marketing and network marketing are the same. It can even be called referral marketing.Ommak wroteGood thing we're not working on Mulit-Level Marketing:).
we're working pure Network marketing and there's a huge difference between them :)
Here's the link again: http://www.skepdic.com/mlm.html
http://mlmdir.com/mlm-network-marketing.html
5 months later
i found this forum while googling GMI to find out whether it was real or just a scam.A close friend of mine had convinced me to attend a presentation.I had heard before about GMI by another friend(not very close) who called me one day and wanted to"introduce me to a new and profitable business" i asked him what is it and why cant we talk on the phone?he told me we have to meet and discuss it together,i told him sorry but at the time being i cant,that was about 4 month ago.since the first friend i mentioned was closer to me i didnt want to turn him down and i agreed to attend a presentation yesterday in a certain restaurant.my friend had told me that he has just entered the business and wants me to join him as well(wants me to be his left or right branch) because he trusts me and as he said:"doesnt have a problem with me having a lot of money someday".he explained it to me briefly and in concept but asked me not to tell anyone that he had done so because as he said he shouldnt do that and he isnt qualified to do a presentation.
he picked me up in another friends car(who is also a GMI member),we arrived at the restaurant and soon more people started to arrive some of them as i later learned where members and others where"members to be" i sat down with 5 or 6 other guys who where going to be introduced,the presentator arrived and sat down.they seem to work in a certain hyerarchy(sorry if i miss spelled it)not anyone can do the presentation only designated members,he sat down with us while the members hwo brought in their"iniciates" stayed outside.the presentator introduced himself(name hometwon and profession)he stated that he was an engeneer and worked for the EDL (electricite du liban) i dont know if he was trying to underline his credebility people tend to trust people hwo are well educated.he seemed very modest and down to earth even a little poor i might ad.he strated by asking if anyone had heard of GMI before some had some hadnt,then he explained that it was a norwigian company hwo sels gold products.he then asked an interesting questiono as i saw it "a bate qusetion" he asked:" how much money would you want to be making every month in order to quit working in th GMI?" we started throwing around numbers between 100 and 1500$,he then dropped the bom and said that we can earn 13500$ a month if we succed in this business,he then went on and explained to us GMI ,the presentation was very similar to what you guys wrote so i am not gona write,note that the entrance fee is 76 % 70$ for the watch or pen 1 $ for i dont know what :P and 5 $ for the customs.
so as a conclusion he said that if we work hard we could make money and we really succed in bringing in new customers under us we can reach 4000 under us and then we will earn a monthly salary of 13500 $ without lifting a finger!!!!amazing prospect right guys!!no one has that salary in lebanon(maybe exept for ryad salameh)after hearing some the testemonies about this topic i wont be joining GMI because of a simple reason:
"WHEN IT'S TOO GOOD TO BE TRUE...IT PROBABLY IS"
he picked me up in another friends car(who is also a GMI member),we arrived at the restaurant and soon more people started to arrive some of them as i later learned where members and others where"members to be" i sat down with 5 or 6 other guys who where going to be introduced,the presentator arrived and sat down.they seem to work in a certain hyerarchy(sorry if i miss spelled it)not anyone can do the presentation only designated members,he sat down with us while the members hwo brought in their"iniciates" stayed outside.the presentator introduced himself(name hometwon and profession)he stated that he was an engeneer and worked for the EDL (electricite du liban) i dont know if he was trying to underline his credebility people tend to trust people hwo are well educated.he seemed very modest and down to earth even a little poor i might ad.he strated by asking if anyone had heard of GMI before some had some hadnt,then he explained that it was a norwigian company hwo sels gold products.he then asked an interesting questiono as i saw it "a bate qusetion" he asked:" how much money would you want to be making every month in order to quit working in th GMI?" we started throwing around numbers between 100 and 1500$,he then dropped the bom and said that we can earn 13500$ a month if we succed in this business,he then went on and explained to us GMI ,the presentation was very similar to what you guys wrote so i am not gona write,note that the entrance fee is 76 % 70$ for the watch or pen 1 $ for i dont know what :P and 5 $ for the customs.
so as a conclusion he said that if we work hard we could make money and we really succed in bringing in new customers under us we can reach 4000 under us and then we will earn a monthly salary of 13500 $ without lifting a finger!!!!amazing prospect right guys!!no one has that salary in lebanon(maybe exept for ryad salameh)after hearing some the testemonies about this topic i wont be joining GMI because of a simple reason:
"WHEN IT'S TOO GOOD TO BE TRUE...IT PROBABLY IS"
my friend proposed this "secret meeting" and introduced me to GMI. From the first 5 minutes of the meeting, I knew its impossible to sustain. think about it. its a binary scheme, and once you up a level, the number gets really huge. Heh, the numbers get really huge even more than Lebanon's population. I asked the presenter, what is the minimum age of joining GMI, she said 18. So, you can see, you can say 1/3 of Lebanon cannot join GMI. Ok then, what about the others? How many people will pay money to work? (sounds sarcastic and stupid seriously). We all know in Lebanon we have a major situation of poverty. Do we have alot of people who can afford to pay 71$ on an unsecure and undetermined investment? YES GMI IS AN UNDETERMINED INVESTMENT. we never know what will happen to the company, it might close the next day you join, right?
Changing plans from 600$ to 71$ is a really bad move. It shows that the income is not stable and need more people to join (trying to trick us with the cheaper price tag of 71$).
Call it a scam, or dont. It doesnt matter, GMI cannot sustain the huge numbers and the income stops when less people join. Lets say no one joins, GMI dies, no more income, no one gets paid. Lets say all people join, the numbers get huge, no more people will be available to join, income stops, the members in the bottom will not get paid, GMI dies, no one gets paid, RAGE.
GMI is an epic fail. i dont care if your greedy about money or not, in the end you wont get paid.
and as chosen2k said, is it possible to see the whole tree and trace your progress? When will the people in the top of the list stop getting paid? Are they allowed to join GMI again? I remember that each account is valid for 10 years. Who put that number? Who created the system of GMI? Did any member finish his 10 years or not yet?
FINAL MEGA THOUGHT: AS LONG AS THERE IS A CONSTANT INCREASE IN NUMBER OF PEOPLE ENTERING GMI FOR INFINITY TIME, THE SYSTEM WORKS. Can we fulfill that need? Can we get more people to join GMI than last year without running out of people? Not quite.
Changing plans from 600$ to 71$ is a really bad move. It shows that the income is not stable and need more people to join (trying to trick us with the cheaper price tag of 71$).
Call it a scam, or dont. It doesnt matter, GMI cannot sustain the huge numbers and the income stops when less people join. Lets say no one joins, GMI dies, no more income, no one gets paid. Lets say all people join, the numbers get huge, no more people will be available to join, income stops, the members in the bottom will not get paid, GMI dies, no one gets paid, RAGE.
GMI is an epic fail. i dont care if your greedy about money or not, in the end you wont get paid.
and as chosen2k said, is it possible to see the whole tree and trace your progress? When will the people in the top of the list stop getting paid? Are they allowed to join GMI again? I remember that each account is valid for 10 years. Who put that number? Who created the system of GMI? Did any member finish his 10 years or not yet?
FINAL MEGA THOUGHT: AS LONG AS THERE IS A CONSTANT INCREASE IN NUMBER OF PEOPLE ENTERING GMI FOR INFINITY TIME, THE SYSTEM WORKS. Can we fulfill that need? Can we get more people to join GMI than last year without running out of people? Not quite.
You guys have way over discussed this issue ... This, like countless others, is a pyramid scheme. Everyone explained what it is and If you still think of it as a good investment then with all due respect you deserve to be ripped off
3 months later
Hi Jerome,
While I agree that GMI is a total scam, not every website claiming to have done "extensive research" is a credible source.
Apart from your condescending tone (come on, don't insult geeks in your first post), I'm locking the topic as it was revived to restate something we've already concluded on.
You might want to check the etiquette, it's the greatest tool to blend in.
We're waiting for you in the New Member Introductions section :)