Multi Level Marketing, MLM, Scheme Or Scam, True or False #yahsuccess https://t.co/Soslgydkzf
— Brian Verigin (@yahsuccess)
Apr 5, 2023
Multi-Level Marketing, or MLM, is a business model that has been around for decades. MLM companies typically sell products through a network of distributors, who earn a commission on the sales they generate, as well as on the sales generated by the people they recruit into the business.
While MLM is a legitimate business model, some companies have been accused of being pyramid schemes or scams. The main difference between a legitimate MLM and a pyramid scheme is whether the focus is on selling products or on recruiting new distributors. In a pyramid scheme, the emphasis is on recruiting new members, rather than on selling products, and members at the bottom of the pyramid are unlikely to make any money.
It’s important to do your research before joining any MLM company, and to be wary of any company that promises quick or easy riches. MLM can be a great way to earn extra income or even build a full-time business, but it’s not a get-rich-quick scheme. Success in MLM requires hard work, persistence, and a willingness to learn and grow.
In conclusion, MLM is not inherently a scam or a scheme, but it’s important to approach it with a critical eye and to be cautious of any company that seems too good to be true.
from Twitter https://twitter.com/yahsuccess