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FIB - Scams 101 - Ye Olde Archives

Re: YMMSS.ORG ?

Posted By: The Roadie <wcarton@flash.net>
Sunday, 30 January 2005, at 6:40 a.m.

In Response To: YMMSS.ORG ? (Maxie Coldiron)

> Has anyone here ever heard of this thingy?

20,000 members joined an operation with this as a business model (from http://thispaysbig.com/):

"The company is building a database of members who get paid to read ads (the members login to do this, so we know the ads get read), then corporate retail companies are invited to advertise to our membership for a fee, which is paid back to the members via the Commissions Payable fund."

And what's the product? (Each one costs $10)

"What is an EPC?

Electronic Posting Credit. This is what you are purchasing -- it is the product on which our business is built. Buying 1 EPC means you have bought the right to post 1 advertisement or message to our safelist. Purchasing 16 EPCs allows you to post 16 times. This can be done all at once or spread over time.
"

Yeah, right. A closed universe of folks who have agreed to be blasted at. Another red flag to me: a straight line "matrix" that when you get to the bottom, you cycle back to the top, and the members constantly obsess about "cycle times".

"Why should I purchase more than 1 Electronic Posting Credit at a time?

If you want to reduce the amount of time to start receiving your residual income, you just purchase more Electronic Posting Credits per purchase.

Your Money Machine Success System is really built on simple math.

For every $320 of residual income per cycle that you want to create, you simply place another separate purchase of Electronic Posting Credits.

If you want to reduce the amount of time to start receiving your residual income, you just purchase more Electronic Posting Credit per purchase."

I wrote a little essay about the FFA industry a bit ago, that applies in a similar way to the safelist industry. It might bear repeating in case anyone is tempted to spend money on a scheme where advertising (either sending or receiving) is the only product. This operation at least doesn't spam, and they seem to control their members very well, so not all parts of this essay apply to the YMMSS:

FFAs:
They're a hellish invention that newbie amateur marketers confuse for
legitimate on-line commerce.

Imagine a nice, polite, Rotary breakfast networking meeting in a town
where everybody knows each other and has to get along and they also
see each other at the single church in town every Sunday. So they're
polite as they ask each other how to do more business with each other.
That's like most of today's net. [Yeah, I suspect this is an
exaggeration. :-) ]

FFA sites are like a domed football stadium, with the doors locked,
everybody inside is selling something, there's nary a buyer in sight,
and there never will be because each and every one of the 90,000
people in the stadium at any instant is yelling their important
message through a 500 Watt megaphone AT EACH OTHER. As some stadium
inhabitants liquify from the noise and flow down the drains, they're
replaced by more who teleport in, equipped with 1000 Watt megaphones
because they're using the bigger and better FFA_Blaster_2001 because
the old advertising was ineffective so they conclude the way to win is
to YELL LOUDER! That's the FFA industry.

The only winners are the spammers who harvest the poster's addresses
(as if anybody's listening), or sell the spamware that claims there
are 500,000 "search engines" to blast to.

Tragedy of the commons. Probably some FFA sites made sense in 1994,
until automated posting ruined it for all. They are completely
unconfirmed mailing lists, used now purely for harassment and address
harvesting.

Messages in This Thread

Have you read MAAMAW'S CLICKY NOTES today?
Excuse me... You MISSED them??
At the top o' the page in the blue bars (sheesh!).

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You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.



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