CBS 7:
Imagine making millions of dollars by telling your friends and family about a free website. While it may sound too good to be true, that’s the basic model behind internet business “ijango”. It’s an Austin-based company that’s getting some flak from the Better Business Bureau.
Tonight ijango representatives held a meeting in Midland. The independent representatives that we talked to are calling this business the next twitter and say they expect to become rich. But according to the Better Business Bureau, ijango has the set up of a classic illegal pyramid scheme.
Go to ijango’s website and it looks like the business of the future, the opportunity of a lifetime. It says that if you join the company and direct people to a free web portal you can pretty much watch the money come to you. The problem is that the two-month-old company of the future already has a questionable past.
"They guaranteed the Better Business Bureau staff that people could make money simply by recruiting other people to the program, which is what makes it a pyramid scheme", says Permian Basin BBB Director, Trish Powell.
It may be a pyramid scheme or not. But surely this kind of allegations will be bad for our industry
Oh I don't think so! Right now we are an industry that is trying to regulate itself… The first people to publicly critize iJango were right here in the same industry. That says something about the quality of people here at MlMBlog and should speak volumes to the ijangoites. When ethical, experienced people in any industry start holding up warning flags…
Perhaps you should listen!
Best to all….
Most people with reasonable intelligence understand why these false statements are being said about iJango. It creates traffic and traffic = Revenue. Interestingly that's why iJango is working! The BBB story is incorrect. iJango does not pay people to recruit. They clearly pay to gather customers/users of the free portal. Obviously nothing illegal about that. Let me reiterate: NO money is paid out to sign up a new representative! If someone tells you otherwise they simply don't understand the compensation plan.
***iJango's company president said that they pay people to recruit!!!! – ed***
Wow…
That's good news!
Maybe somebody should have told Rayner Smith!
Rayner, (you know, the boss at iJango), says, "…that the only promise the business makes to potential clients is that they will be paid for the recruitment of registered customers and the recruitment of others to do the same."…
I guess he needs to read the compensation plan more closely too. It might also be a good idea to have a look at the pamphlet titled, "Stupid things you should never say to the BBB"..
Keep drinking that iJango Koolaid ….
Best to all…
Somebody needs to tell Steve and Rayner Smith that the Excel CAB Comp Plan model that worked so well 20 years ago is a regulatory NIGHTMARE today…
Regulators and Industry Watchdogs want to know where your money is REALLY coming from…
They can generally see through "the smoke"…
I am reading all this crab what people writing without any
knowledge what they are really talking about. What this people would say to the guys from Google, youtube, twitter,facebook if they would be ask on the beginning? For sure if anybody would listen to this self made crusaiders and gurus we would have non of this great ventures in place today. In every business are winners and loosers. How many people playing lotto every week for a chance of 1 to 14 Million? What rating should give the BBB to that? Z – lol. What we see in the big companies who have by the way all a pyramide structures “one CEO, Upper Management, Middle Management, Lower Management and Work Force? On top of that. the Ceo’s who crashed companies against the wall getting huge bonuses and the work force get laid off. Please stop this hypocratical crab and get real. I belief in the IJango concept and I am impressed about the team what Mr. Smith put together. This is in beta status and who ever opened a own business knows that mistakes are made.