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Small Business Ideas Forum

Small Business Ideas Forum

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Old 15th August 2007, 01:06 AM   #1

Join Date: Apr 2007
Posts: 12
Default For The Children

Hi everyone,

I would really appreciate to hear your thoughts on this. I want to raise money to donate to a charity for children. What I have in mind is basically network marketing. I was thinking about using myspace to raise the money, starting with the support of my friends...who then go to their friends ect. to raise the money.

quick overview (typical MLM) 1 person gives a $20 donation, $10 goes to charity, $3 goes to admin fees (credit card trasactions, MLM software, website hosting ect) and then $7 goes back to the person for every person they have donate $20......and so the cycle starts. So if 1 person gets 10 people to donate, then they receive $70, which they would also donate.

I know theres always all the hesitation with MLM's about being legal, and I was wondering if anyone knows if this would be legal? I assume all financial records would be public, so people know this money is really going to charity and not for someones personal wealth.

Also what is the difference between a non-profit group and a trade group?

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