My daughter wants to join World Ventures. Are they a viable business?
World Ventures is a pyramid scheme. They’ve been marketing themselves in Botswana for a few years now but your daughter mustn’t waste her time and money on them.
We’ve been warning people about World Ventures since 2009 when they took over an earlier pyramid scheme called Success University.
They say they offer travel discounts but so far I haven’t seen any evidence of that.
They certainly don’t have any discounts better than those hotel chains will offer you for free without having to pay to join a scheme and then recruit multiple levels of people beneath you the way WorldVentures does.
What pyramid schemes like WorldVentures really sell is the promise of income from recruiting multiple layers of people beneath you, each of whom pays to join and then starts a flow of money up the pyramid, some of which stays with you as it passes by.
Of course this rarely happens because it’s almost impossible to recruit the number of people you need to achieve the targets the scheme sets you.
The figures produced by WorldVentures prove this.
In 2012 WorldVentures published data on the income their US representatives earned from the scheme.
It was sad. Firstly 77.5% of their representatives made no money at all. Nothing.
Zero. Then 82% of the small proportion people who made any money had a median annual income of a mere P200.
Remember that’s income, not profits. It’s not money they could spend on themselves.
The 1% of the people at the top of the pyramid took 84% of all the money.
Please don’t let your daughter waste her money joining the WorldVentures scam.
She’ll just be giving her money to that 1% at the top of the pyramid.
They’re the only people who ever benefit from a pyramid scheme like WorldVentures.