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> 'Buy a new phone for £20' - my experiences!
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Thanks @copperfield!
I'm still not on this list yet, hopefully because it hasn't been updated yet.
I've been doing a few calcuations. It looks like I'll be 12th on this list, and looking again at the way this works, it looks like 25 people have to sign up before the first person on the list gets his phone, then another 25 have to sign up for the second person to get one, etc. Which means that, if I am 12th in the list, 300 people have to sign up before I get my phone!!
So, the site's owner will get £500 for each phone/full list (25 on list multiplied by the £20 they paid equal £500), and he will have recieved £6,000 by the time I get my phone (if!!) (£500 x 12).
Now, if an average of one person a day joins this site, then it will take 43 weeks before my phone is dispatched. It will be obsolete by the time I get the K700!! And I very much doubt that 300 people will sign up.
Apparently I can refer other people, or even refer myself, which means I can jump the next person in the queue. So, if I refer myself 11 times to get to the head of the queue, I will then pay £220 for the phone, which wouldn't be far off the asking price for the K700!
I suspect in these lists only the top person, or the top two people will recieve anything. I am wondering about asking for my money back, before it's too late! It appears this scheme works if you're right at the top of the chain, like @thecopperfield appears to have been, but the further down you are, the less likely you are to recieve anything.
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Posted: 2004-06-20 11:18:20
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i saw a "investigation" of one of these site on ShortChange UK. They found that the time it takes for you to get ur phone is a realllly long time. By the time the owner sends out 1 phone hes made over a grand. Other website just send you a cd and will never send you a phone, no matter how long u wait. However trading standards agencies are having trouble shuttin them down because they are selling you goods (the CD) and you are only entered to get the "oppourtunity" to get a phone.
But i am v.interested to see how this goes.
Best of luck
Twista
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Posted: 2004-06-20 11:58:00
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I've always been curious about these. Really good of you to actually do it, satiate everyones curiosity about whether they work or not.
I personally wouldn't touch it with a 10ft barge pole, but i don't have much money to spare and i'm paranoid as hell.
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Posted: 2004-06-20 12:09:45
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Its a good idea for a scam. cos £20 to most ppl isnt that much and gets the person thinking "i'll give it a shot". then hundred of other think the same thing.... u'd be rolling in cash
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Posted: 2004-06-20 12:12:05
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If you want a phone you'd be better off starting a pyramid scheme yourself. The money you make will allow you to buy one
This message was posted from a T610
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Posted: 2004-06-20 12:22:44
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lol, then u get caught and fined! back to square one.
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Posted: 2004-06-20 12:24:48
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I'm doing a bit of buying/repairing/selling on Ebay at the moment, so I'll probably try to save some money up with what profit I make there and perhaps buy a K700 that way.
Looking at where I'm going to be in the list on this website, I think we're ALL in for a very long wait!!
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Posted: 2004-06-20 12:43:42
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Well - I've just appeared on the list as the 12th person who'll recieve the phone!! Only need another 300 people to sign on now.....
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Posted: 2004-06-20 12:56:55
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Quote:
On 2004-06-19 22:35:15, Sammy_boy wrote:
If you think about it, by the time 25 people have signed up, that's £500 to the organiser of the site. Folk get a phone for £20, and the site organiser gets £500 for a phone that probably cost him £300.
I'm not sure of this.
If you have to wait for 25 people to hand in their £20 and they also go on the list.
Does that mean every £20 this site gets they need to fork out for a phone?
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Posted: 2004-06-20 12:59:49
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so the owner will get 6000 for sending out 12 phones.
say the phone cost about £300 each
300 x 12
=3600
6000-3600
=£2400 prfofit.
correct me if my addition/subtraction is wrong
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Posted: 2004-06-20 12:59:53
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