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MLM vs HYIP – Where I stand

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“With the internet explosion, in the future there will be two kinds of people those with networks (downline) and those without” – unknown

“The internet is like a goldmine, you have to dig a lot of crap to get one little nugget” – Unknown

If you have been following the trend of my analysis and thinking, I’m sure you have a perspective of where my votes will fall on this. I however feel the need to let you know why, and hopefully, someone might learn a thing or two.

I have been interested and participated in every MLM program that came into Nigeria since I graduated from University. FLP, Tianshi, CDT, Sapphire, Clubfreedom e.t.c. Some I did by proxy, others I actually got actively involved. MLM is hard work, and it doesn’t get easier even when it’s online. MLMs present one of the best skill development opportunities you will ever get. More about this later. I have also tried my hands on a few HYIPs, it’s all about the money, no learning opportunity. Greed grows, and more often than not, the rewards do not endure. If you reap where you didn’t sow, it also simply means you will sow also at times and not reap.

Permit me to structure these debate on a few key points.

1. Development

The human brain is grossly underutilized, the school system does not provide an avenue to develop all the skills essential to life. Your development is your responsibility. A good MLM will take you through the learning curves, you will not only earn like a director when you become one, you would have learnt. For clubfreedom/6k4you for example, your first role requires marketing and recruiting, your second role involves training and motivation, your third is management, team leadership and communication, your ultimate role involves governance, leadership, direction setting, strategy and leadership development. You learn win-win for real, when you get into the board, your next assignment becomes helping your downlines do the same. You also meets loads of people, and remember, you are who you are 5yrs ago, except for the people you met, and the books you read. For HYIPs there is no learning opportunity. Of course if it’s a high yield business and you are involved, you’ll learn. I was into minning of precious and industrial metals a couple of years back – Tantalite, aquamarine, tomalin and the family. I and a number of friends lost a lot, but because we were directly involved we learnt a lot too. Most HYIPs however, online or in Ibadan are pyramids, the base is stacked to pay the top.

2. Wealth Creation

I clearly remember a LASU student in 2002 (Tope) who came to address us at an FLP seminar I attended then, he was in his part 3 in his university then. I went with a friend of mine who is also a great speaker, we analyzed the seminar and picked holes in the young chaps communication skills, but you can’t argue with results. He has earned over 30Million as that time, he had also traveled to more countries than the number of states I had traveled to back then. He went on to make a lot more money on FLP (He actually married before he finished from school :)). Till date, he still earns N300,000 on a bad month. He’s into real estate and a number of other interesting businesses. In my 8 weeks of joining clubfreedom, I have cycled out twice and still counting, three of my downlines have also cycled out and are counting, we also currently have over 10 on our team on traveler positions. It’s not all about one person. I’m sure there are people who made a clean sweep with an HYIP as well, I mean, I know people who invested in number of wealth solutions that have gotten paid millions. I know of someone who invested N4,000,000 in the likes of pennywise and cash seed. I only need you to show me one person from the days of umana umana, who got rich then, and is still wealthy today. Don’t get me wrong oh, anything is possible, but for every one you are able to produce, I’ll give you the phone numbers of 10 who lost it all.

3. Health

With most of these HYIPs, any negative information about any of them, rocks the heart. Like, if I tell you that treasureline (wk 24) has started defaulting, and that by implication it means that the days of some other ones are also numbered, won’t it spoil some people’s day? Won’t some people immediately accuse me of trying to promote something else? The treasureline example is true by the way. For MLMs however, if you are not too greedy, it can be fun. I have received calls from many people who suddenly understood how the boards in clubfreedom and the revolving travel tables work, and are having so much fun they don’t sleep some nights. I got my first call around 6am this morning, someone was telling me what I need to do for him so he can break his board this morning. I remember the high days of FLP as well. A merry heart does good like a medicine. Wouldn’t you rather live long and enjoy your life. Health is wealth.

4. Ethics

Now this is a dicey topic, people have different perspectives about ethics. I’ll take a cue from Steven Covey though, and let’s look at true north principles. First what are these HYIPs into? There are a number of investment schemes and programs that do legitimate things, don’t get me wrong. I’ll recommend some legitimate ones without apologies any day. Hazonwao, I know the MD, and I can trust him and his company with my money. I know Wealthzone is also good, I know because I have researched these two. Of late, I’m discovering that Nospetco could last a lot longer than I had anticipated, some dynamics changed recently and they are interesting dynamics. Most of the popular HYIPs promising outrageous returns are simply ponzi schemes. You can read CBN’s definition here. The target of operational week 4 is to raise 100% above the promise made to the people in week 1. Somebody down the line will be badly beaten, and the Yoruba’s say that when we throw stones in the market place, it hits our relatives. For MLMs however, even if you don’t get the mouthwatering returns, you will know that it was because you didn’t give it what it required. You will see people around you, who joined after you and are still making money from the MLMs. Network marketing is less than 55yrs old in the world, it’s a baby, and the world is responding slowly to it. In the future, your network, will be your net worth.

Adeolu Akinyemi

Adeolu Akinyemi

74 thoughts on “MLM vs HYIP – Where I stand”

  1. Ilo
    May 25, 2007 at 12:35 pm

    Dear Deolu,
    Nice one, i noticed you were quoted in the business day of 24th. Many Nigerians got to know about HYIPs from this forum you created and they subscribed to them via information supplied in this blog room.You are currently seen as an hero by most of the commentators but if our hands got burnt based on all these information you can become a villian suddenly. MLM is good but we can not all be marketers. Fellow Nigerian kindly invest whatever you have gotten from HYIP wisely and reduce your exposure to risk.Thank you

    Reply
  2. Samuel
    May 25, 2007 at 12:46 pm

    Bros,
    Thanks fr ur everyday advise, i know you have our interest at am interest in 6k4 for doing network marketing is something i cherish which i have never really taken part in. I need your advise on 6k4. also do u think i should try a little investment in pennnywise cos reading ur article everyday about this HYIPs usually get me scared and almost everybody in office is in one HYIP or the other.
    Seriously need you advice.

    Reply
  3. Adeolu Akinyemi
    May 25, 2007 at 4:00 pm

    @ Ilo,

    If you get your hands burnt, I’m not responsible. I warned you, I’ve warned you so much I’m accused of all sorts of things. I don’t support HYIPs, did you read this post? It’s not if your hands get burnt, some people will definitely get their hands burnt, and I wouldn’t say I told them so, they’ll read the articles again and wonder why they didn’t see the handwriting on the wall. Thanks for noticing the article quoting me though, I was pleased to know it was valuable.

    @ Samuel,

    I feel you, it gets scarily lonely to just watch our colleagues cash in on these things. I’ll advice that you make it for a small summit we are putting together for the 2nd of June, stay in touch, I’ll fill you in. We’ll be able to discus there in details. I have some interesting ideas on how you can be strategic without getting your hands dirtied.

    Reply
  4. Babs
    May 25, 2007 at 4:51 pm

    NIce one deolu. I will be at the seminar on sunday by 4pm.

    Someone put 4M in pennywise? Man thats strange .

    Reply
  5. Ebenezer
    May 25, 2007 at 4:52 pm

    Deolu,

    cool one,we are all marketer in one way or the other,with your CV you are marketing your self,when you get to interview they will ask you tell us about your self? what do you do then? market yourself,sell yourself to the panelist why you think you are the best hand to be hired,why you think you are better than others that have been interviewed b4 you and those that will be interview after you.

    When you talk to a lady or a man with intention to court and marry the person,if you don’t market yourself well you can never get his/her hand in marriage.

    We do marketing everyday,if you read poor dad rich dad Robert said he went for course in marketing,marketing is very essential in our life,every day,it only takes different way and different situation and occasions.If some people could recall Pastor Adeboye’s sermon on how he preached to one very powerful man in a 1st class seat inside plane,you know that marketing is every day business.

    MLM is good it only take some sort of motivation,encouragement,determination,perseverance and pessistence to make it,I know I will be celebrated in this one I am.

    The HYIP is always tempting when you see or hear a colleague in your office saying his/her account have been credited with NXXX,you will feel like joining immediately,but but…let us be careful,money is not easy to come by.

    Reply
  6. lateef
    May 25, 2007 at 5:42 pm

    deolu,u will not be able to satisfy everyone,dont even attempt,aferall not everyone will be rich or successful in life,no matter where you go.there is a curve in statistics that explains it all.just keep up the good work and bother less about negative stuffs.focus your energy on the good message you share,you will be surprised at where you will be in a short while.please respond to my message.

    Reply
  7. ade
    May 25, 2007 at 7:50 pm

    I have been a silent observer on this site and while i do appreciate your analysis on various HYIPs in circulation.You seem to spend too much energy in condemning them and also have very little tolerance for contrary comments posted on the site.Your replies and response betrays your allergiance.
    I begin to wonder if you actually are not part of the people who sponsor some of these stories in the dailies to ensure they fold up so you can be vindicated.
    These schemes cant last a life time,every sane person knows that.
    Let people decide for themselves what they want and dont join the press in bringing a premature death th these schemes.

    Reply
  8. Adeolu Akinyemi
    May 25, 2007 at 8:08 pm

    @ lateef,

    Thanks a lot, I appreciate. I’ll do as you advised. Please which message do you want me to respond to?

    @ Ade,

    Thanks for the feedback, I’ll see how I can use it. I think I’m only human in replying as courteously as possible when anybody heckles without research.

    Meanwhile, don’t you think this site will be boring without some emotions? Love, hate, anger, reconciliation, tears, hugs, lol. I’m just trying to have fun mate, while sharing MY sincere point of view.

    @ Ebenezer,

    Yessooo… I feel you. Did you know that Robert Kiyosaki just got convinced that MLMs were good late last year? Before then he had been contra MLM, but late last year/early this year, he wrote a book on it, can someone provide the title please?

    Reply
  9. Morakinyo
    May 25, 2007 at 8:48 pm

    Dee,

    How right about Kiyosaki’s book can you be……i have had that book for the past three years and believe you me, it was not until i joined 6k4you that i picked it up to read. The book is titled, “The Business School….for people who like helping people”. About the date it was published, it was as far back as 2001 (1st ed.). It was right after reading this book that i realised that 6k4you is for me as opposed to the other HYIPs. I will ask that every member of a 6k4you team get this book and discuss its finer points. Robert explains why as a salary earner, this sort of business is best for you. As for those who do not have time, well you will by the time you are past 60!
    I am one of the most busy persons as a result of my work schedule which involves meeting with a good numner of prospects and existing clients and getting to cover the whole terrain of Lagos to ensure i meet my target every month. Guess what, if i dont meet my target, i might get chucked out!Yet, in tandem with a colleague, we brainstorm about the best ideas in the world and my, some have come to fruition. I write at night despite my schedule and have a book to my credit.

    People, create time for yourself…..no employer will do that for you (ask Erastus Akingbola). Already, the window bank is in the process of investigating and closing a HYIP’s account. You might ask me why a bank account with over NX.XXbn in the coffers of a client will want to get such closed? Well, that is in the offing….time will tell

    You say you’re scared of marketing at this young age? Try it when you’re 50 and retired from that company you worked your youth for and you’d wish you had started learning the rudiments of marketing much earlier.

    The earlier we learn to accept “NO” for an answer from people we market and can move on from there, the brighter our future will be. You cant market, you want a pay raise, you cant market, you want to move jobs, you cant market, you want to get married……what did you think you were doing to get all these done?

    Hey peeps, get out there, buy and read the book and put some of the returns from all your HYIPs into more stable programs like a MLM like 6k4you. You wont regret you did.

    See you at the top fellas

    Reply
  10. demi
    May 25, 2007 at 10:09 pm

    @ Morakinyo,

    Ur write- up is what i will refer to my friends who say that they cant market people. they dont know that network marketing is the best form of making cool money. They are comfortable in hyip’s saying that they want to cash on the opportunity.

    if only they know better……………….

    Cheers,
    ‘Demi

    Reply
  11. Daniel
    May 25, 2007 at 10:36 pm

    Deolu,

    Very good write up and a sincere one for that matter, please keep it up and sure that you are being rewarded too.

    For the HYIP, what do you make out of people that we know that has been on this since january and are getting return for their money? are you saying we should not flow along with them?

    Reply
  12. Josh
    May 25, 2007 at 11:41 pm

    @Deolu,

    You just spoke my mind in this post.

    We were discussing in our carcus lately and i told them that i have started pulling out my money in all these HYIP’s becuase, the stuff is just getting crazier by the day.

    I just want to concentrate on a few MLM’s which am into. You wouldn’t believe how much i have been able to unravel about Clubfreedom and 6k4you since i joined and am really catching. As i write this my wife is sleeping while am up late learning and digging deep.

    I have been getting calls from so many people on how clubfreedom works and tell you what most people really get better understanding after we have exchanged ideas. I looked back and was suprised at how much i have learnt and in the past few weeks.

    Early this week i had to hold an informal seminar in our office and the result blew my mind. the big boys of my organisation invited me to talk to them about CF, I talk to a minimum of 3 gatherings on sundays.

    No be lie!!!, I have really developed myself but the same cannot be said about the HYIP’s i joined. Rather than developing, i get high blood pressure when i hear any strange news.

    thanks for bringing this upportunity our way.

    Josh
    08034389504

    Reply
  13. smith Anibaba
    May 26, 2007 at 6:14 am

    Deolu
    Pls educate me about MLM fast!

    Reply
  14. Olalekan Oke
    May 26, 2007 at 11:39 am

    Nice one (as always) Deolu, i do feel that there seems to be a ‘Golden Rule’ in nature that operates in the business of money making: What you dont sweat for…..wont last when you get it.

    May be i didnt even put it quite succintly but the core message in that submission is that if one gets consumed in putting money in schemes with fantastic outcomes without a clear analysis on how such outcomes could ever be feasible…then its tantamout to a gamble!

    But i seem to follow the lead of one of the earlier responders who said its not a crime to invest in such schemes as long as its clear that one is doing nothing but Gambling…
    …. hence if one gets lucky, one should be wise enough to divest the proceeds into more reliable (less fantabulous) ventures with relatively more stability.

    I have a friend (& colleague) who was involved in solid minerals eg tantalite business and made it really big (N billions!) but with most of these re-invested back into the same thing, and with international price dropping suddenly, things soon became very awry.

    I advise all 6k4u enthusiasts, this venture is more serious than you think or can imagine…
    …i even had to seek permission to proceed for my annual leave sooner than i’m due so as to enable me do more serious networking.

    I’m sure to give my bit of testimony soon……very soon. Its certainly not impossible that this writer may jolly well resign from his govt.-paid job too……………….reason: it will soon get to the stage that evry minute of the day wasted (as a lot is being wasted daily in public service) cld cost one very dearly (millions in Naira!).

    Good work Deolu. Many thanks for the wonderful support.

    Reply
  15. Ebenezer
    May 26, 2007 at 1:15 pm

    Morakinyo, na you biko,ride on we shall all succeed together in 6k4you.

    @ Josh you are the man,just let keep the pace ,they will all come back to beg and join us in Clubfreedom.

    Reply
  16. Demmy
    May 26, 2007 at 4:25 pm

    God bless you real good Deolu, for this portals of insight.I’m very green in investing and I think I’ve learnt a lot from your blog in a very little while.Keep up the good job bro,never mind the negative inputs;the’re like pepper in a soup, unpalatable on its own but well blended in the big picture.
    Demilade

    Reply
  17. lawal
    May 26, 2007 at 7:07 pm

    Good write up,but it seems much people are now into HYIP but please what kind of investment are they into?No ones try to find out please kindly let me know,but for now i will not invest a din in such programme

    Reply
  18. Adeolu Akinyemi
    May 26, 2007 at 8:45 pm

    @ Morakinyo,

    Thanks, that was the book I heard about, I haven’t seen it or read it either, I was only informed by a close friend who just read it this year. If you know where I can get a copy, I’ll be more than glad.

    And I feel you on all that… that’s solid.

    @ Demilade

    Thanks… I like that, pepper in a soup analogy… I hope copyright is still the right to copy so far it’s copied right ๐Ÿ™‚

    @ Josh,

    I’m really happy for you, and impressed too. I can see we are getting ourselves set and prepared to take over.

    @ Lekan,

    I feel you. Great thoughts.

    Reply
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  20. paul
    May 27, 2007 at 5:54 am

    HYIPs are not so wise to do so why do you run one.(generis financial solutions) to deolu

    Reply
  21. paul
    May 27, 2007 at 6:06 am

    i also believe that the MLM schemes get saturated.flp,tianshi and others that ve died out aint as hot today as it used to be.i believe investors gravitate to where ever there’s money to be made(particular stocks,hyips ,mlm,importation, remember the satchet water boom,noodles,juices ,call centers etc) dont kill it yet let it die as dictated by market forces.a little more unbiased analysis will do.(ie u dont ve to tell us wat u are into just give us the pros and con)

    Reply
  22. kite
    May 27, 2007 at 8:42 am

    Hi @ All, i have read all your write ups, and well done, we have a lot of great minds here.
    I never said anything or showed any interest on the MLM’s cos i got burnt sort of last year from one that deals in gold(cashcards) any one heard of them?? but all your write ups are pulling me in.
    Are we saying the 6k4u and club freedom are two different things???
    Deolu and josh please expect my calls, cos i need to be more enlightened so i can get moving as soon as possible.
    I’m already very uncomfortable with all this HYIP’S, even Nospetco that is supposed to be the oldest and most reliable tHey are having problems paying their April pay off, up till now we are still waiting for our accounts to be credited. I called them everyday of last week and they were telling lies on the phone that they have sent our money to Oceanic( which is where i use), meanwhile Oceanic has not received any instructions from them, cos i hear they are having liquidity problems right now!!!
    There is really nothing like investing well and having a good night’s sleep.
    We’ll keep our fingers crossed that they will sort out themselves this new week.
    See you all at the top!!!!!

    Reply
  23. Josh
    May 27, 2007 at 1:01 pm

    @Kite,

    Please don’t hesitate to call me anytime of the day, i strongly believe when we finish talking you will have a clearer understanding of the two and how they relate will decide where to join from.

    And i want you to move from the level “i hread/read about CF/6k4u” to “am into CF/6k4u”

    @All,

    Whoever said GNLD and others are dead? that you are not participating or not into it doesn’t mean they are dead, these guys still pay out heavy cheques and offer luxurious trips to it’s memebers every now and then. Nobody is killing any HYIP before it’s time and nobody is saying remove your money from there or don’t put your money there, but some of us are really not confortable with the modus operandi of these guys, and what have they added to us since we put our funds there? What communication do we have with them other than they crediting our accounts at the end of the month? What have you added to yourself since joining? i can go on and on and on…..

    I will make these offer again like i did sometimes back, if you are finding it difficult understanding Clubfreedom and 6K4you please feel free to give me a shout, i strongly believe by the time we are thruogh talking you will have a clearer understanding of how these great programme works.

    Josh
    08034389504

    Reply
  24. Demmy
    May 28, 2007 at 6:57 am

    @ All
    I think the element of latent greed in us,is the driving force for this HYIP rave. Who doesn’t like his money “doubled” effortlessly? Its actually very convinient to put in your money into something you don’t have an idea how it works and see your bank account swell than get involved in the process of imcreasing your own cashflow. I would say all that has been said in this blog on HYIPs and MLMs are both sound and resonable.I think anyone should be able to make a decision and know the implications of their decision on any of these investment vehicles.

    @ Deolu
    My brother there’s no copyright on the idea jare,its my perspective to life, good times and bad times. Keep up the good job bro,your reward will not miss you,in this world and the one to come

    Reply
  25. KC AMASSI
    May 28, 2007 at 11:40 am

    Thanks Deo, for feeding alot of us with the pasture of your wisdom. At first, i thougth you were not asserting on some issues but now i realise. please i will like to join the club and also, feed me more on the findings with nospetco.

    Reply
  26. gbenga
    May 28, 2007 at 12:19 pm

    Hi Deolu, can you please sign me up for the HYIP seminar coming up on the 2nd/3rd of June. The name is Gbenga Aijotan

    Reply
  27. Olusegun
    May 28, 2007 at 12:20 pm

    @ Paul

    Thank you. you are saying the truth.
    @Deolu,
    I appreciate you. but pls, do not say nobody making money through hyips

    @ ALL
    I do not see “much” difference in MLM or hyip. I have tried both. I am into some HYIPS now. Am a salary earner. i believe we are all just trying to survive SMARTLY in a generally declining world economy.

    no need being emotional about hyips. we all understand what Deolu is saying. and we all understand what every other person is saying.

    we all know it is 50/50. either you loose or win.
    same for interviews, contracts etc. it is a matter of choice.

    Deolu, so many people made lasting wealth through hyips from all over the world. that you dont know them is not proof.

    at least, I know you do them too. you have benefitted from them. are you saying that the returns you made from them will not last.

    people use the returns to pay school fees.

    make your observations without being biased. state facts. i still appreciate you.

    Reply
  28. Morakinyo
    May 28, 2007 at 10:15 pm

    While i reminiscensed during the day i realised that this blog rather than enable an avenue for people to learn per se….tended to discourage its subscribers in a very subtle way. Why? you may ask, i will reveal.

    I believe that most of us harbour the basic though about increasing the value of the funds in our custody, no matter the consequence we get to face while getting this done. I realised that because God created us all diferent, we will never be the same in terms of agreeing with mainstream opinion. On the other hand, i wish to state that we must encourage all those on both sides of investing(HYIPs and MLMs) to balance the risk they get exposed to.

    A typical HYIP is just that, a scheme which relies on the next person’s payment to pay the person at the top of the “table” while on the other hand, a MLM is a scheme developed to enable the next person’s effort to get a team member to increase his volume of sales. if we all realise this, then all you realise from HYIPs should be channeled to stable schemes such as MLMs which develop you for your own business, property and shares. At the moment, an estate in Ikorodu (a GRA) is selling for N450k and i see no reason why this should not be a priority as opposed to buyin a new car or a new generator!

    i ask that we all be prudent with our payout from HYIPs, because one day they will be gone!

    Look ahead guys…..the perfect days never last forever!

    Reply
  29. smith Anibaba
    May 29, 2007 at 5:15 am

    Deolu,You still havent said anything about egold and Investblue online.Pls do

    Reply
  30. Ebenezer
    May 29, 2007 at 11:33 am

    Morakinyo,

    please let have the details of the estate,let me have your number or email if ….

    Thanks

    Reply
  31. Ebenezer
    May 29, 2007 at 11:43 am

    ALL,

    My brother just called me not up to 5 minutes ago that ,he discovered that nospetco has return his money,i mean his principal to his account and i ask him what did they told him,he said he’s not been to their office and i encourage him to go there tomorrow to find out.

    Can someone try and find out what is happening to nospetco.

    What I knew is that the going is not good with nospetco and UBA plc ,they have closed their account and people having UBA account will have to waite till their cheque get cleared b4 their account is being credited now instead of normal direct credit from Nospetco UBA account to investor’s account.

    Pls let know what is going on.

    Reply
  32. Olubanker
    May 29, 2007 at 5:41 pm

    @ ebenezer,

    Pls did your brother apply for liquidation before his money was returned, or Nospetco returned the money on their own will ?, pls confirm so that i can at least shed some light on the possible explanation.

    I am also an investor in Nospetco, and I have had cause to visit their office in the last few days

    @ALL, well it is an open secret that UBA Plc., has taken upon itself the role of a personal investment regulator. They have not only closed the accounts of these HYIPs, but are at the forefront of the plot to shut them down !, see something , after they made good money from round tripping as STB, and acquired the old UBA, they are suddenly moralistic…

    Anyway, for those of us in the banking industry, when you talk about cowboy banking, you are talking about only one bank….i will not say more

    @Ebenezer, dont panic about nospetco, just try to get your facts, this is not the first time odd things will happen with these HYIPs, but they sort themselves out at the end of the day…i remember when nospetco increased its slots from N330 to N450, all sorts was been said, but what happened?

    chill out and get back to me with the info i requested, thanx

    Reply
  33. Morakinyo
    May 29, 2007 at 9:47 pm

    Call Morakinyo on 8796304

    Reply
  34. BlacKNIGHT
    May 30, 2007 at 6:03 am

    Blogs are the authors personal views, no one was cajoled into anything, just some slight promptings were used, (same way slight promptings are being used for MLMs), do what you feel is comfortable for you. Take your own decision and God be with you.

    Reply
  35. Yinka
    May 30, 2007 at 1:52 pm

    Deolu,

    what do you say, you spread your money in both…….and you win much more and loose much less.
    Even before I came to read this topic, I’ve been educating people in my office that they should market and that this is an opportunity to learn the ropes so that when you start your business, it will be a bit easier and much fun. I just opened a mini Ice block industry for my wife in the mile12 market and even as at now is much fun to us, cos yesterday at the site we were just discussing lots and lots of strategy, especially redefining quality to the “low-level-market-people”. Idea was just flying out like fun.

    Reply
  36. LATEEF ATINSHOLA
    May 30, 2007 at 4:27 pm

    INFORMATION

    POLICE ARREST ALL THE STAFF AND INVESTORS OF PENNYWISE TODAY AROUND 3pm AT THEIR OFFICE AT PALMGROOVE AREA IN LAGOS TODAY … I WAS ON MY WAY TO INVEST THEN……..LOL ORIYOMI

    Reply
  37. smilie
    May 30, 2007 at 4:34 pm

    Guys

    I think that MLMs present a good opportunity for networking. I must say however that there could be some MLMs that are shady. I am currently involved in 6k4you and i honestly hope it works out.

    All i can say is that you cherish what you work for more than what comes to you on a platter and i urge you guys to try the 6k4you thingie out. Hey N24,000 is not too much to invest in your future. Bear in mind that one continues to cycle out continuously.

    I must say however that if anyone decides to invest in these HYIPs, it makes sense to put in money that you are willing to “kiss goodbye” in the event that something undesirable occurs.

    Guys, let’s get to work while we are young. Deolu, cheers mate and see you at the top!

    Reply
  38. smilie
    May 30, 2007 at 4:54 pm

    For you guys that are interested in signing on to 6k4you, you can sign up under me!

    http://www.6k4you.com/Bosah3

    Cheers guys…..

    Reply
  39. bridget
    May 30, 2007 at 5:30 pm

    good one, funny me reading it after the seminar on sunday, im glad i came. im defnitly intrested, and i will be keepin in touch with every form info i need, right now im trying to get myself enuf downlnes b4 i start, shuldnt take long though. good right up

    Reply
  40. duke
    May 30, 2007 at 5:37 pm

    How many people do you need to be down your line before you can cash out in this 6k4u scheme? Somebody pls tell me.

    Reply
  41. Morakinyo
    May 30, 2007 at 8:42 pm

    Hi Bridget!

    You’re about commiting the greatest mistake a lot of people out there make – procrastination! I will get involved the moment i get two downliners…hey dear, it will definetely not hurt if you sign on immediately and then begin to search for downliners. I can bet that you will feel the thrill immediately of being involved in this and the feeling will spur you to immediately start to “get” people to be involved in this MLM! MLMs are wonderful and are just like business because it prviodes you the opportunity to strategise, market products and expand your market share! Bridge im sure you dont want your fear of losing to oversome oyu so the best thing is for you to start immediately!

    Tomorrow is for the idle and lazy, today is for the smart and successful! Today is currency, tomorrow is …..(fill in the rest….) I have in the last five weeks of joining 6k4you become aquitances with some of the most wonderful and creative minds in terms of investing et al.I never knew this site prior to 6k4you, never met Gosia residing in Panama, never met Dotun Olojede in Zenith (forex Guru), never met Tayo Koletowo (an IT engineer) and of course, the Chairman himself Deolu! Mind you i also got to play out wonderful strategies for advancing on the CF board as well as deepen existing friendships (I talk to Laide almost everyday now!). I am sure that in a few months i will hatch far reaching ideas and it will involve some contacts i met thru this forum.

    Bridget, the time is now….give me a call when u’re ready….i can sure help with a few tips. Im available on 8796304 and u can readily join my successful downliners on http://www.6k4you.com/morakinyo once you have made up your wonderful mind!

    Reply
  42. Olusola Isiade
    May 31, 2007 at 6:35 am

    @Josh

    Josh , apart from deolu your comments have been outstanding, i believe we have the same mind though we have not met.
    Continue the wonderful work.

    @Morakinyo

    I wish to single you out too for commendation , i dont get to post too ogten , but anytime i get to this site , it is only what u and josh writes that is of paramount interest to me , not that every other is trash but at least u put no sentiments.

    @ALL

    Please the FORWARDING button on the clubfreedom webpage. What is it for ? Josh & Morakinyo , i need your take in this.

    @ALL

    I have some downlines pulling out ,(they cant market) so i have some top positions opened where u need only 2 ppl to cycle out of the RT. If u are interested pls oblige me by going to http://www.6k4you.com/SolaIsiade

    Reply
  43. Ebenezer
    May 31, 2007 at 8:24 pm

    Olubanker,

    My brother did not make any requet for termination of investment.He will be visiting them tomorrow friday to find out what was the cause of the refund.

    Reply
  44. Morakinyo
    June 1, 2007 at 7:54 am

    Sola,

    I appreciate your comment. I am yet to understand that part of CF but as we all grow our businesses, any new information will surely be shared.

    I also have a blog which you could drop by to air your opinion. It’s http://www.morakinyobeckley.blogspot.com

    As for the pulling out by some people, its a very familiar incident in this networking business and gives you a feel of the real business world.

    Reply
  45. Layi
    June 1, 2007 at 9:14 pm

    HYIPโ€™S IN NAIJA
    Most recent happenings shows the debut of a number of new HYIPโ€™s in Ibadan in the last 2 weeks. It also witnesses the reformation of some old ones.
    Among the new entrance into the HYIP market is Open Gate. To be damn sincere, I think this is the best of the new ones I have seen. A visit to their head quarter office show a team of staff that are quite educated, organized and cultured. The office, even though is not excellent, isnโ€™t a place you will be scared to put your Money, as opposed to the office of most HYIPโ€™s especially at their initial take off. A discursion with the MD of this company shows he is intelligent and I authoritatively gathered that he is an accountant by training. His rates are modest and the maturity period is very reasonable โ€“ you should be able to cash out as soon as you put in your money. Further discursion with this risk-taker who is an ambitious gentle man show he is still building a matrix but intends to back it up with investments. One slot is N5000. You get paid out in 3 weeks, N5,000 first, then N10,000 and finally N15,000. That makes you to get N30,000 in 3 weeks from each slot subscribed to.
    Let me let you out on a little secret. Those of you who want to make a kill from this HYIPโ€™s. Get set as a new one will kick-off operations this week. A source close the brains behind this new one says that the investing public that invests in HYIPโ€™s are set to buy up all the slots till its 5th week in the first day alone. Guess some people are getting rather sharp nowโ€ฆ..if you wan do, na now you suppose do oh! Or else, you might be a victim of what I am about to say next
    This morning, one of the MD of the recent startups in this industry called me. I was still rolling on my bed then. He gave me news which I wonโ€™t call a sad one sha! Said they are slashing their rates. He said what they were offering was too much. I taught to myself, una no no b4 una start? Well, I know the people who are coming in wonโ€™t get up to what they were offering anymore. The fate of those who have subscribed I canโ€™t say yet. Donโ€™t be scared if you are one of them, you will get you pay but I think he will slash the payout. Keep your ears glued to this channel for hot and sizzling information, blow by blow as they happen. However, their weeks will now be the calendar week. I will meet with this young-man MD before today runs out for the full load down. Incase you have been wondering which one is this, it is that one that has been struggling to enter week10 (CS).
    Cheers!

    Reply
  46. Robert
    June 2, 2007 at 3:22 am

    @Layi,

    KIndly give me the address for OPEN GATE or a contact number pls.

    Cheers

    Reply
  47. FaceMe
    June 2, 2007 at 4:03 pm

    @Layi,
    Check out http://www.investnigeria.com for contact info on opengate

    Reply
  48. Funmi
    June 4, 2007 at 9:05 am

    I have not been paid by Nospetco for last month, its been 2 weeks overdue now. Does anyone have an idea of what is going on?

    You guys are doing a great job here, keep it up.

    Reply
  49. gbolahan
    June 5, 2007 at 1:46 pm

    Layi
    can you please let me know the details of open gate their phone number and contact address and other hyip
    you can mail me on
    gbolahanoduyiga@yahoo.com

    Reply
  50. olaito
    June 8, 2007 at 2:42 pm

    Deolu,
    Thank you very much . This is one of the best persepectives to issue. Thanks also for looking at issues from my point of view.I appreciate the fact that you are willing to change when you see the need to.This is a balanced write-up.

    Reply
  51. smilie
    June 13, 2007 at 8:00 am

    Deolu

    Thanks for your insight on a lot of these issues. I have invested in both these “HYIPs” and MLMs. I must say that though i find it hard marketing, i have met people through these MLMs and honestly, i think in the long run they are better. This is just my personal opinion though.

    I have also decided to stick to these MLMs as i get more satisfaction and less “headaches!” Mose definitely, These HYIPs are tempting but these days, most banks are throwing these accounts out, i know that for a fact because i have first hand information on this.

    I am also of the opinion that though a lot of people cash out and get huge sums like a colleague that got N13 million from Wealth Solution, we all need to stop and think, ask what we stand to lose if what we put in goes up in smoke i.e. the returns from these HYIPs do not come to fruition.

    If anyone thinks that they can lose whatever they put in then by all means go ahead. I am not entirely against taking such risks. I have taken the same risks anyways! (lol) I however think its time to relax and make money without too much fear and heartache.

    I can be reached on 8521078 for more info.

    See you guys when we get there…

    Reply
  52. julius momoh
    June 13, 2007 at 6:30 pm

    I subscribe to a blog matrix watch, i made some reference to the fact that i and two of my downline are now qualified for the main board. please can you answer this: here is what they said about clubfreedom.

    Hi Julius without going into massive detail, one of the key difference between an MLM and a Pyramid Sheme is the resale of the product/products involved. A pyramid scheme will always have more emphasis on the recruitment aspect than an MLM would.
    Pyramid schemes and MLM’s both suffer the same problem of market saturation and without a viable product to resell there is nothing to stop CF stagnating therefore leaving 90%+ unable to cycle.
    Whether a percentage of the cycle funds are reinvested or not there will always be a requirement for more money to come out than goes in for everyone to cycle.
    This can be demonstrated by working out the amount of members it takes in CF for one members to cycle. (about 50+) There is always a benefit in getting in early but the way CF works this benefit can be offset by heavy recruiters peddling the scheme more succesfully.

    However no matter how good you are at recruiting there will always be someone above you who got in earlier you are assisting.

    As this Wholesale Access Certificate (WAC) which costs $150 cannot be resold by members directly for commision, CF by any stretch of the imagination cannot in my opinion be considered as a legal MLM. Thats without taking into consideration that the Voucher access system can be obtained for free.

    The introduction (or potential introduction) of Forex trading brings another minefield of potential loss for CF members but it will be interesting to see how a forex sytem is implemented, what leverage is available and what stop loss protection is in place.

    what is your response Deolu Akinyemi

    Reply
  53. AYOOLA
    June 14, 2007 at 9:25 am

    Layi
    Have you discussed with the CS MD?
    PLs confirm if their week will actually be a calender week

    Pls let me have OpenGate address and the week thet are in.

    What about the new one that you said is about to start up. Pls let me have the name, address, phone no. etc.

    Thanks

    Reply
  54. Salihu
    June 14, 2007 at 12:10 pm

    Hi Deolu,

    Is it true that Banks have stop collecting pay for new entraint into HYIP? A friend call to informed me that her friend went to bank today (14/6/07) and was told that an order from above direct them to stop crediting or debiting all HYIP account with them. I thoght EFCC, SEC other govt agencies have given these fund manager clean bill, and that is what inform there increase or slash on slot.

    Kindly furnish me with the latest information.

    Or anybody can help!

    Reply
  55. oluwafemi
    June 14, 2007 at 5:20 pm

    pls let me know the addresses of both Hazonwao and Wealth zone and also what they offer,thanks a lot.my address is oluwafemisaibu@yahoo.com

    Reply
  56. Niyibankz
    June 15, 2007 at 6:45 am

    @ julius momoh

    I wonder what Deolu Akinyemi’s ‘response’ has got to do with this.

    I think you should read further down the blog to the more recent posts viz May 07 particularly those of jammielagos who i believe is a foreigner living in Naija. There are always new info on the blog almost daily and you need to keep up. Dont just accept one person’s opinion about anything.

    To me, his most pertinent quote is ” …. If you need to invest, invest wisely, if you see clubfreedom as an investment, you are a sore loser…”

    As had been reported Deolu and several other people have cycled out of Club Freedom at least once. To me that is the end of the story. I think even common sense shows that not every body will cycle out at the end of the day.

    Risk only what you can afford to lose!

    Regards

    Reply
  57. Kentus
    June 15, 2007 at 7:07 pm

    Hi Deolu,

    nice right-up. i just started hearing of HYIPs about 3 weeks ago and MLM even afterwards.
    i searched the net for the truth about HYIPs and discovered they’re all illegal. a good percentage of MLM schemes are also illegal but a few are ok and i want to believe that clubfreedom is one of them.
    my only challenge however is, nobody has been able to give me any reasonable explanation as to what the funds generated are used for. some say they’re used to secure hotel accommodations and the recompense is what is tranlated into cash. if that is true, is it possible to know the names of some of these hotels? im just curious cos i dont want to build a spiritually faulty financial foundation for myself. cheers!

    Reply
  58. Kentus
    June 15, 2007 at 7:26 pm

    let me add that another key reason i want to know what the money is used for is that people ask me that a lot whenever i try to market them. i dont have a problem marketing i just need to get the facts right.

    Reply
  59. ayoola abdulrasheed
    June 21, 2007 at 6:37 pm

    i know what they do with th e money ,they use to trade with forex global trading, is a huge profit retune on amount invested.y the trade with dollar.

    Reply
  60. julius momoh
    June 22, 2007 at 10:10 pm

    Due diligence is the word. Use information to your advantage to aid the best of decision you will make.

    After i dig into clubfreedom, i found they were a legal entity registered in Hong Kong. About their mode of business which falls into MLM, revolving matrix and the kinds, it is controversial and is not an absolute. If you find it a place to devout your investment, then you must be sharp with your wits

    This is what i mean. i join clubfreedom on the 30th of may. i got qualified the following week with my second slot and a direct downline heading their respective feeder board. Yesterday 22 June 2007, i move straight to planner on the main board with two of my downline ready to join me….in less than a month. when my two downlines join me this week on the board, i am sure to cycle out in the next 2weeks!!. – just with 12 downlines!

    This above is for those who are yet to decide.

    julius@schulportals.com

    Reply
  61. tade
    June 28, 2007 at 7:47 pm

    does this HYIP are genuie please tell me deolu and the one call cash seed coz i dont want to waste my money

    Reply
  62. adenrele
    July 4, 2007 at 3:53 am

    Hey deolu just reading this
    i could not agree with you more. I recently got into Clubfreedom and it has redefined the way i see people and i am still learning a lot. My sense of responsibility has deepened tremendously and so has my concept of team work. .I intend to get into some more MLM schemes and give it my best shot. recently i was reading an article co- authored by Robert Kiyosaki and Randy Gage who are both extremely wealthy and both into MLM (Randygage came out of retirement to return to MLM .they both seem to think that MLM is the future of wealth generation..I would consider that its a good pointer and i am pitching at least one tent here.
    Thanks so much for doing what you do . I find it extremely refreshing and rewarding going thru your site every time . I am actually reading thru the old posts one after the other and i will keep contributing as much as possible More grace
    See you on top.

    Reply
  63. AYOOLA
    July 4, 2007 at 2:55 pm

    @ LAYI

    THIS HYIP THAT YOU SAID ARE ABOUT TO COME OUT, CAN I HAVE THE NAME, PHONE NO ETC

    EXPECT YOUR REPLY

    Reply
  64. jesse
    July 9, 2007 at 12:58 am

    @deolu
    I av bin ing gnld network marketing 4 over a year. D system works fine and all, bt d biz success depends on d size of d network. I grew my network fast d first few months, however people started quiting in my network about 25 ppl out of 26. Am totally devasted. Am on dway of quiting myself. Pls wats d way out?

    Reply
  65. Josh
    July 9, 2007 at 9:36 am

    @Jesse,

    Are you in clubfreedom yet? I am very sure this programme will bail you out. It’s a remarkable system.

    Cheers.

    Josh
    08034389504

    Reply
  66. Josh
    July 9, 2007 at 9:37 am

    @Jesse,

    Are you in clubfreedom yet? I am very sure this programme will bail you out. It’s a remarkable system. Try is out.

    Cheers.

    Josh
    08034389504

    Reply
  67. Afolabi Kilaso
    July 9, 2007 at 11:42 am

    Hi Deolu,

    I just want to have a true picture of what is happening to cash seed. I inveted about a month ago and up till now I have not received any return. I call the guy in Abeokuta who help me in the processing and I can imagine a small baby asking the call saying “wrong number”. Do you have any current info about them? Thanks

    08038636142

    Reply
  68. yetunde
    July 10, 2007 at 9:59 am

    good work
    i was at a programe once that you also came to adress the youths.keep doing what you are doing and keep helping the youths to find their feet howevr i wouldnt mind information on what best busineses and ideas,we have around.thanks. God bless you.cheers!

    Reply
  69. yetunde
    July 10, 2007 at 10:35 am

    thanks for all effort. i just stumbled recently across your aticles on the net.i need yuor assistance specially in this area. i will like to develop myself better especially in human relations.expecting your reply.thanks

    Reply
  70. DJ Sobanjo
    July 15, 2007 at 8:01 pm

    I would like to contribute my tupence here. I got involved with mlm or network marketing about 4 years ago and have built 3 global businesses from home making thousands of pounds.
    But please be warned, it’s no get rich quick, make money for nothing program.

    If you want to learn more about the concept and how you can make money then visit http://www.lead2excel.com

    God bless

    DJ Sobanjo
    Eltham, London

    Reply
  71. uju
    August 4, 2007 at 8:37 am

    dear deolu, i am really really confused about the actual cost of registering someone under me in club freedom. Also, i am really confused about the difference between club freedom and 6k4u.are they both owned by the same company? if so, is the cost of becoming a member cheaper? i paid 33k and everyone of my downline has been paying the same since. Now, i read your article and you’re talking about 24k. please shed some light on this for me. thank you.

    Reply
  72. Richie
    August 11, 2007 at 3:02 pm

    pls Deolu i want you to shed more light on these Hazonwao and wealthzone, because have just lost so much money to wealth solution.

    Reply
  73. Daniel
    August 13, 2007 at 8:17 pm

    I couldn’t understand some parts of this article MLM vs HYIP – Where I stand, but I guess I just need to check some more resources regarding this, because it sounds interesting.

    Reply
  74. OMOZELE
    June 2, 2009 at 2:40 pm

    this is a good piece. i love the quote about the internet being a gold mine and one has to keep digging up dirts until one gets the gold. very true. many of this wealth doubling companies came out but some turned out to be scam. thaks for the information.

    Reply

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Many hold their audience spell bound with motivational speeches but few care to hold the audience by the hand and help them walk their way to financial freedom like he does. Many have failed at everything they have tried to do but everything he does turns to gold. Read more…

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