Is this method ethical?

ashrj said:
Hi,

I want to know if this method is ethical?

Advertise:

Put some advertisement(anything which lures most the corrupt people)
in paper, tv , online where you get most hits by luring

THEN

collect some investment ,registration fees or small investment from that large crowd

put those money collected in some rigid deposits, savings bank or fixed deposits(no scam government one's) lets say FOR one Month

after some time tell the investors or subscribers that the program has been cancelled(in nice terms) due to reasons... blah blah blah and RETURN THE MONEY(No scam)

collect the interest of the savings bank (volume interest might be more)!!!

Thanks
ashrj
Click to expand...
this can work out quite well, If you are in the EU or USA or UK, I don't recommend such a thing. But if you are in 3rd world nations which u are judging by ur name , it can work . I know many organizations that do this still now, it can work. Plus, you might get quite a reputation for returning their money honestly. cz many people don't even do that. Don't worry about the comments above. They are definately not from Asia. They don't know how it works here. As long as you return the money its fine, but how are you going to convince them to give you money. that's the real deal.
 
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The method explained is illegal. But, people in my country do the same with an additional twist to make it more profitable.
They do not return back all the money. They will go for an out of court settlement to return only around 80% of the money. The people who invested would be happy to get back 80% of their money, instead of getting back nothing and would hence prefer an out of court settlement. Only those random 5% of the inestors who refuse an out of court settlement, would get back their full money.
Do I recommend such a method ? No, I don't. It is unethical and could also result in some jail time in certain countries.
 
Not exactly illegal, unless you keep this little secret with you. Sure a lawyer can bail you out if arrested if you haven't talked about or revealed this scheme to others. It depends on how good you are. Of course, it is unethical and I suggest not resorting to such ways. There are many legal means to make money on earth.
 
Well this method not only its spam but its worse than spam and close to ilegality .Put your creative mind for something nice ,they are a lot of ideas on how you can make money online .In life karma doesnt sleep and what you offer you will get back .Also the method its not easy to make money with it ,better put the effort to build a nice business
 
Instead of saying it's canceled you can give them small % of the earning
 
TheGeekyGad said:
this can work out quite well, If you are in the EU or USA or UK, I don't recommend such a thing. But if you are in 3rd world nations which u are judging by ur name , it can work . I know many organizations that do this still now, it can work. Plus, you might get quite a reputation for returning their money honestly. cz many people don't even do that. Don't worry about the comments above. They are definately not from Asia. They don't know how it works here. As long as you return the money its fine, but how are you going to convince them to give you money. that's the real deal.
Click to expand...
This method of yours is not ethical.
But does that mean that you should not do it? NO! [You can make decisions for yourself].
Sadly, 60% of the brands out there made their first millions from this similar method of yours.
 
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