CLASSIC: What is Multi-level Marketing?
Stuff They Don't Want You To Know
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Understanding the Difference between MLM and Pyramid Schemes
This chapter discusses the distinction between multi-level marketing (MLM) and pyramid schemes. It explores how MLM is a legitimate marketing strategy that involves selling products and recruiting others, but becomes problematic when new recruits are promised large profits through hidden expenses and complex rules. The chapter also highlights the unsustainable math behind MLMs and the lack of profitability for the majority of investors.
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