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FIB - Scams 101 - Ye Olde Archives
Posted By: Jimbo In Response To: Good Judgement, Hard To Come By! (WIl Peterson)
Sunday, 9 April 2006, at 10:48 a.m.
> upon that is a little stupid! I DO know more about mail order than most of
> the people out there due to being in this field over 18 years.
And I've was in the wholesale/retail gem business for over 10 years, thanks and I do know about mail order and wholesale/retail. I'm retired now, but that doesn't mean I didn't learn from the business I ran.
"Teams" generally mean downline building. They don't mean learning good business -- such as finding out what market you are going after, learning how to brand and deal with competition, setting up your niche, and so forth. I've seen a lot of people who came up to me with "gemstone packages" that they were told were "investment grade diamonds" and bought at outrageous prices to "resell to others"... and the stones were pathetic and sellable only to unfortunates buying a dream. I've seen "special issue" gold coins sold under the same corrupt idea; coins that still haven't gotten to the price that they were bought at.
And all of them were sold on the same sort of mystery "team-wealth building" ad types.
I'm not saying that you're doing this, but your ad was very similar to a lot of those things. Presumably this is a new business of yours?
> make a difference what you think. My question to you is "How have you
> faired in life, what have you done with your talents, who have you helped
> out!
Well, a number of us here have kept folks from throwing their money away on scams.
I do know that I can't teach everyone to do the same kind of business that I was in -- there's a certain limited demand for gemstones and you do have to know where and how to market them. Not everyone has the eye to do GIA grading, for example, and not everyone can sell it or make a success at it.
> If my guess is right you follow the premise that you know everything
> but do nothing. So if you stand behind what you say you MUST first be able
> to back up your comments that are backed by good judgement.
Well, we should also put this point to you. You come in and announce that you have the magic solution and are forming "teams"... but we haven't seen you here spending your time helping folks learn what's a good business and what is not worth wasting time and money on. How can we judge whether you are actually offering something of value if all you offer us is... an ad.
> brain, and from the sound of it you neither have a brain or common sense.
> To judge from your responses you don't understant the concept of wealth.
Oh, I did well enough to be able to retire and to work on my stock investments, thanks. If I get bored, I might go back into the gem business again but it wouldn't be from need. Stock market is one of the best traditional ways to wealth if you don't go running after the advice of every "guru" out there.
An excellent Texas business school
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