JoanHumphreys
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Anyone has experience in multi level marketing, can you share me any tips on how to succeed with it?
Thanks
Joan
Thanks
Joan
There is a very fine line between MLM and illegal pyramid schemes.... In fact most of the MLM crap out there online falls into the BS illegal schemes whereby there is no product other than the scheme... The way people make money is to spread lies and misinformation on promises of making thousands in order to recruit... The people whom are recruited then go onto do the same thing or quit... It robs you of your money, time and effort... Seriously my best advice is to stay away from all MLM schemes.... Its all BS...Anyone has experience in multi level marketing, can you share me any tips on how to succeed with it?
For further reading check out:The U.S. Federal Trade Commission (FTC) states "Steer clear of multilevel marketing plans that pay commissions for recruiting new distributors. They're actually illegal pyramid schemes. Why is pyramiding dangerous? Because plans that pay commissions for recruiting new distributors inevitably collapse when no new distributors can be recruited. And when a plan collapses, most people—except perhaps those at the very top of the pyramid—end up empty-handed."[37]
This is all BS... Everyone please be aware that such ponzi schemes are in fact highly illegal in many countries...Network Marketing works for a lot of people who take the time to learn and master the proper skills. A big problem is most people get recruited by a friend who was recruited by a friend who was recruited by a friend and none of them know what they are doing. They may look upline for a leader until they find someone who is making a six-figure income but that person doesn't know how to teach what they do so others can duplicate it. Before you join any MLM or say it doesn't work... take the time to learn some skills.
The network marketing or multi-level marketing (MLM) business has become associated with pyramid schemes. According to the U.S. Federal Trade Commission, many MLM schemes "simply use the product to hide their pyramid structure".[6] While some people call MLMs in general "pyramid selling,"[7][8][9][10][11] others use the term to denote an illegal pyramid scheme masquerading as an MLM.[12]
The Federal Trade Commission warns, "It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."[13] It states that research is your best tool and gives eight steps to follow: ...
Franchise fraud is defined by the United States Federal Bureau of Investigation as a pyramid scheme. The FBI website states:
Pyramid schemes—also referred to as franchise fraud or chain referral schemes—are marketing and investment frauds in which an individual is offered a distributorship or franchise to market a particular product. The real profit is earned, not by the sale of the product, but by the sale of new distributorships. Emphasis on selling franchises rather than the product eventually leads to a point where the supply of potential investors is exhausted and the pyramid collapses.[39]
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