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Pyramid selling
PYRAMID SELLING

Definitions:

i. A way of selling things in which somebody buys the right to sell a company's goods and then sells the goods to other people. These other people again sell the goods to others.

ii. (business) A method of selling in which one person buys a supply of a particular product direct from the manufacturer and then sells it to a number of other people at an increased price. These people sell it on to others in a similar way, but eventually the final buyers are only able to sell the product for less than they paid for it.
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* All seven elements should be in.


1. Purposeful to buy and sell, and necessary to to make profit.

2. Processes and procedures, especially of sale, were transparent.

3. Seller does not direct buyer as to where to market purchased items.

4. Cannot be predicted that final buyers will sell at a lower price.

5. No instance of a repurchase to resell will be present in situation.

6. Quality of product remains same all through the period. And item will not have an expiry or use-by-date. (To emphasize.)

7. The financial loss that will be incurred by final buyers will not result from sellers being gazundered. And some lesson would be learned from the 'recklessness' or 'miscalculation'!
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See perfect REVENUE STREAM.

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