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FIB - Scams 101 - Ye Olde Archives
Posted By: Jimbo In Response To: YMMSS.ORG (Frank Calleros)
Monday, 14 February 2005, at 5:59 a.m.
> I'm interested in YMMSS.ORG, and I've been investigating for nearly 6
> weeks now. Please 'google'"YMMSS", and see if you can find ANY
> formal complaints, ANY disgruntled YMMSS members,
Right. It's still in the glowing "we have to get 100,000 members" stage!!! So they're getting suckers to buy into a program that's supposed to be about advertising (doesn't say WHAT they'll be advertising) and guarantees a $100,000/year from the program.
> ANY YMMSS SEC filings or
> open investigations - or ANY criticism from a person who grasps the YMMSS
> business model with clarity.
Well, Frank, ol' galloot... the SEC wouldn't be involved in that because, y'see, they're only involved with the big guys who are on the stock market registry. So of course you won't find any of that.
And then you say "or ANY criticism from a person who grasps the YMMSS business model with clarity" -- and set it up so that anyone who says "golly, that's a whole crock of horse apples" is dismissed with a "they don't understand the business model!"
> The long-term revenue model seems simple enough: Global, corporate, retail
> companies are invited to advertise to the membership, and the resulting
> fees are paid back to the members via the Commissions Payable fund. Seems
> solid to me. Could it be that this one will actually WORK? It's worth
> considering, IMHO...
Frank, it's been tried before. In fact it was one of the early "hot" models here in cyberspace about 6 years ago. We had a lot of people sign up to "read" these things and to "surf" to the connected pages. Heck, I did some of it myself. And the companies VERY quickly found out that paying surfers to go to their site did NOT mean that the surfers went there to buy. They went there to collect their clicky-doodle money. Everybody got about $10.00 and then the whole thing collapsed.
Ya notice they keep changing their "cycle time"? That's a sign of what we here in the South say as "that dog won't hunt."
http://www.workathomenetwork.com/scam-or-not-updates.htm
> Any solid evidence against YMMSS would be helpful. In any case, I'm
> getting kinda antsy to try it out...
Like the analysis here:
http://www.matrixwatch.org/forums/showthread.php?t=2032&highlight=ymmss
But... I'm sure you've seen it. In fact, I'm pretty sure you've already joined and are cruising around for members.
Oh, heck. Go spend your money. We won't stop you. But we will tell you that the 100,000 people won't materialize and that the ciriticisms voiced by Dreamer in that link are spot on, and that the continually increasing "cycle time" already points to huge problems and that it'll collapse within the year.
But it's not OUR money. It's YOUR money. If you want to stand out in the middle of the field and set $20 bills on fire, heck, we're not going to stop you.
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