Blue Chip Expert: Elite version of LinkedIn or scammy Wannabe?
I got an invite a week or two ago to a site called Blue Chip Expert. The source was a fellow I’ve traded emails with, but never done actual business with. A blog-friend, if you will. Still, the fellow has a good rapport, so I clicked. Networking is always a good thing, and I’m interested in social networking from a business model standpoint, so I went ahead and signed up. Curiosity ‘n all.
Turns out you get a bounty for referrals. Not that it’s a new model — recruiters have been giving out kick backs for as long as I can remember. But the network/multi-level marketing (think Amway) aspect of this company was noteworthy. Here’s a screen cap of the page diagramming their model. You get it after you register:
Interested in spamming all your friends in hopes of earning a bounty? Here, use my referral code. 
(And no, I didn’t spam any of my friends. I want to keep the brilliant folks in my network to myself, dammit!)
Discussion
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Hey Johnny,
“Turns out you get a bounty for referrals”
[Pointless marketing slide deleted]
But… but… but this is an older scheme than some of your chat-up lines. I don’t get it.
What an impressively old-fashioned way of making money. And adding the odd Google logo in the corner isn’t going to hide that !
Colin Flappiness
Head of Flapping Resources
iFlapwhere
United Kingdom