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What is the LAM App and How Does it Work?
The LAM app presents itself as a platform that allows users to earn money by completing simple tasks on their smartphones like watching videos, taking surveys, playing games, and more. It is available on both Android and iOS.
Some key points about how LAM claims to work:
- Users earn points called “LAM Coins” for each task they complete within the app. These points can then be redeemed for cash.
Tasks generally only take 1-5 minutes each and include options like viewing videos, installing other apps, participating in market research surveys, etc.
Earnings are said to range from 20-100 LAM Coins per task which can then be cashed out starting at just 500 coins (£2).
Payments are allegedly processed via online payments services like PayPal or wire transfer.
The app also offers a referral program where users earn a commission from those they recruit.
On the surface, this sounds like a feasible way to make some extra money in your spare time. But is the LAM app truly legitimate, or just too good to be true? Let’s investigate further.
Analyzing User Reviews and Feedback
One of the best ways to vet any platform or opportunity is by reviewing what actual users have said about their experiences. Regarding LAM:
- Reddit, forum posts and YouTube videos expressed almost unanimous skepticism, citing it as a classic pyramid/Ponzi scheme.
Consistent reports emerged of users doing tasks for hours yet never receiving promised payouts once cashout thresholds were met.
Customer support is allegedly non-existent, with messages and emails going unanswered.
Several reviews claimed the people featured in promotional videos as big earners were just paid actors.
Negative reviews far outweighed the few positive ones found, which read like suspicious marketing fluff.
This overwhelmingly negative user sentiment across various sources is a huge red flag about LAM’s authenticity and reliability. Let’s probe further to uncover why.
Analyzing the Underlying Business Model
At its core, LAM relies on a questionable multi-level marketing (MLM) structure to profit that simply isn’t sustainable:
- It generates revenue primarily from new users joining, not actual product/service sales.
Task payouts come from funds brought in by recruits, not revenues or company profits.
This creates intrinsic pressure to aggressively recruit others endlessly to keep money circulating.
However, user bases built on recruitment inevitably collapse as markets become saturated.
Without substantive work or products changing hands, MLMs rely on misleading income projections to lure participants.
Standard hallmarks of an illegal pyramid scheme are present vs. a legitimate direct sales opportunity. Given user reviews, LAM appears to be collapsing this flawed model’s inevitable outcome onto participants.
Best Practices for Vetting “Get Paid” Apps
To avoid scams, consider these tips when approached about earning apps:
- Check reviews from multiple independent sources, not just promotional material.
- Beware of claims relying on recruitment over actual product/service sales.
- Legitimate work-from-home opportunities will be transparent about payment process.
- Insist on seeing proof payouts are being made as advertised to real users.
- Alarms should sound over flashy lifestyles touted without financial transparency.
- Research the company leadership, location and business registration details.
All signs suggest LAM runs a disguise pyramid scheme that won’t deliver as promised for most. Proceed cautiously and do thorough research on any similar opportunities.
While the premise of getting paid for smartphone activities seems appealing, overwhelming evidence indicates the LAM app relies on an unsustainable pyramid model and false promises to lure new users.
Its business operations, marketing tactics, and universally poor reviews align it as most likely fraudulent rather than a genuine work and earn opportunity.
Consumers are advised to stay far away and instead focus time and effort into proven methods of building real skills or advancing a legitimate career. Approaching such programs armed with knowledge best protects users from deceptive income schemes.