If you are active in mail order, you've no doubt seen tons of chain letters
and pyramid programs. In case you're not familiar with them, here's an
overview, so you know what to watch out for.
Chain letters are those letters you get, instructing you to send, say $5,
to the 4 to 6 people on the list, who will send you a report, or some
product, or sometimes even nothing. Then, you add your name to the bottom
of the list, moving the others up, and the top one off.
You then print and mail out as many as you can, hoping others will do the
same as you. The letters are liberally sprinkled with references to how much
money you will make, and how many people are sure to participate. Some even
go so far as to promise you $1,000,000 and more, sometimes in less than a month!
Pyramid schemes are what chain letters are based on. You buy into one,
then you need to recruit others below you, to move you up the line. The
people you recruit, in turn, need to recruit others, and so on. Pyramids
go by all kinds of names and formats.
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