How to spot a Multi-Level Marketing (MLM) plan
Latest posts by konvigilante (see all)
- Forgot Zenka PIN And Security Question? Follow These Steps To Access Your Account Instantly! - September 25, 2023
- Student Loan Forgiveness Program Application/ Deadline Requirements 2023 - September 22, 2023
- 6 Pro Tips For Using 401k As Down-Payment Towards Your First Home - September 22, 2023
NAME: Multi-level marketing (MLM)
NATURE: Legal
SOLE PURPOSE: sale of real market value goods and services
PROFIT GENERATION: Commission plans on sales and recruitment (optional)
ENTRY: Dependent on the MLM Company
PRODUCTS/ SERVICES: Available and they possess
- real market value
- good quality
- great value to customer
OPERATIONS:
- A sales representative (distributor) sells goods and services directly to customers
- The sales rep then recruits ONE person under him and trains him/her how to get customers
- When the person recruited knows how to get customers, he is then trained on how to recruit others and therefore also becomes a distributor and the cycle continues
INTERACTION WITH PROMOTER: Indirect
COLLAPSE: Self sustaining
BENEFICIARIES: Active members who sell the goods and services
REFUND: Some offer buy-back guarantees at a certain percentage for any unsold products
Related Posts: How to spot a pyramid scheme ; How to spot a ponzi scheme
