4 ms·
MLMs are pyramid schemes, not Ponzi schemes. And they hate being told that they're a pyramid scheme. They'll claim that pyramid schemes are illegal. They're no
by bena 4y ago
MLMs are pyramid schemes, not Ponzi schemes.
And they hate being told that they're a pyramid scheme. They'll claim that pyramid schemes are illegal. They're not. Pyramid schemes in which the only thing being moved is money are illegal, but as long as you offer a real good or service, you can pyramid it up.
They'll claim "everything is technically a pyramid scheme" trying to conflate a hierarchy with a pyramid scheme. But in a typical corporate hierarchy, money flows downward. I don't buy stock, I don't rent space, I don't etc. I am not responsible for any of the assets. I get paid for the value of my labor (in an ideal world, let's not get into that discussion here). In a pyramid scheme/MLM/network marketing bullshit, money flows up. I have to buy the stock I'm responsible for selling. I need to find/rent space to do so, I have to get customer contacts, etc. And on top of that, I have to recruit, train, and manage people under me. And for this privilege, I owe some percentage of my sales to someone higher up.
Never join a company where the first thing they ask you for is a check.