Shaun Smith much like fellow UK Scammer Simon Stepsys earns his living getting people to sign up for the crap he is pitching. What he does not do is suss out great opportunities that will provide lasting residual income. For this thread my goal is explore some of his previous endeavors so we get to see how things turned out for people downwind from Shaun.
Whether we use the term, Ponzi, Pyramid, or Endless Recruiting, below is some reading from the FTC on the subject. Setting aside the illegality of these ventures, most people end up losing money as the world runs out to people to recruit. People like Shaun Smith and Simon Stepsys get in early because they have large sucker lists to market to. Then they have friends that get the call, and those friends have friends, then an "opportunity" is ready to launch to the public. Most if not all of the higher ups in these scams know very well they are promoting a Pyramid that will collapse. If they don't know, they are too stupid to be giving money advice. Take your pick, either way it is fresh money from suckers thinking they have finally found a mentor with a real business that keeps these schemes going, for a while...
Your income is based mainly on the number of people you recruit, and the money those new recruits pay to join the company — not on the sales of products to consumers
What is a Pyramid Scheme and What is Legitimate Marketing?
Pyramid schemes now come in so many forms that they may be difficult to recognize immediately. However, they all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program, not based on profits from any real investment or real sale of goods to the public. Some schemes may purport to sell a product, but they often simply use the product to hide their pyramid structure. There are two tell-tale signs that a product is simply being used to disguise a pyramid scheme: inventory loading and a lack of retail sales. Inventory loading occurs when a company's incentive program forces recruits to buy more products than they could ever sell, often at inflated prices. If this occurs throughout the company's distribution system, the people at the top of the pyramid reap substantial profits, even though little or no product moves to market. The people at the bottom make excessive payments for inventory that simply accumulates in their basements. A lack of retail sales is also a red flag that a pyramid exists. Many pyramid schemes will claim that their product is selling like hot cakes. However, on closer examination, the sales occur only between people inside the pyramid structure or to new recruits joining the structure, not to consumers out in the general public
In this Video Shaun is nice enough to earn a commission sponsoring you, the rest well let's let Shaun's history speak for itself.