No, VIPKid is not a Pyramid Scheme.
The way a pyramid scheme works is that new “members” or recruits pay some sort of a fee, and that funding is used to pay the individuals who recruit them (and those who recruited them, etc.)
With VIPKid, there are no fees to “join.” It’s a fairly rigorous interview process, but there is no money required. You are interviewing for a job, and if hired, you get paid. Period.
So why is there so much focus on referrals?
In an article from Business Insider, in August 2018, the company reported over 500,000 students and 60,000 teachers. In a country with over 300,000,000 young people, there simply aren’t enough teachers to go around. As a result, VIPKid values (and pays for) quality referrals who get hired and teach their first class.
Why am I taking the time to offer help to referrals?
While it would be lovely to get a referral bonus, that’s really a side benefit for me. (Don’t let that stop you from using me as a referral though!) I decided to start writing blogs and posting videos because I’m having so much fun with VIPKid. I’m pretty sure by now my husband, kids, and parents are tired of hearing me talk about my classes, so I might as well talk about them with people who might be helped by my experience! Also, I found that much of the information available online for prospective teachers is in the form of videos that are 20-30 minutes each. Often, I didn’t have time to watch those. In addition to these blog posts, which are quick reads, I’ve started a You Tube channel. My goal is to keep all the videos around 10 minutes or less, because all of us (especially new teachers) are busy!
There are many different talented teachers who are posting a TON of great information. Of course, everyone has their own unique style that works for them. If you are looking to get started, I suggest watching and reading as much as possible. If you like what you see here and would like more help, I would be happy to be your mentor and … yes… refer you. 🙂 Here’s my link: Click here!