Is gtc global travel club a pyramid scheme?

Whether it is a pyramid scheme should be determined according to its specific business operation model.

pyramid marketing means that the organizer or operator develops personnel by calculating and paying remuneration to the people being developed based on the number of people or sales performance they directly or indirectly develop, or requiring the people being developed to pay a fee. Obtaining membership qualifications in exchange for a certain fee, seeking illegal benefits, disrupting economic order, and affecting social stability.

MLM can be simply summarized as follows:

1. An entry fee is required.

2. Need to develop offline. You need to constantly find collaborators and induce others to double your income under the guise of forming a team.

3. Determine how big your return will be based on the number of people below and the business performance of these people.

The State Council

Regulations on Prohibition of Pyramid Selling

Article 7 The following behaviors are pyramid schemes:

(1) The organizer or The operator, through the development personnel, requires the development personnel to develop other personnel to join, calculates and pays remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel directly or indirectly developed on a rolling basis, and seeks illegal benefits

(2) The organizer or operator, through developing personnel, requires the developed personnel to pay fees or pay fees in disguised form by subscribing for goods, etc., to obtain the qualifications to join or to develop other personnel to join, and to make illegal profits

(3) The organizer or operator, through development personnel, requires the developed personnel to develop other personnel to join, form an upline and downline relationship, and calculate and pay upline remuneration based on the sales performance of the downline, Seeking illegal profits.