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The majority of MLMs spread deception
Multi-Level Marketing MLM is very much like the pyramid scheme model. Yes, money is made by the members at the top of the model; however, the same advertising that motivates new members to join is passed on for more members to join. Members who do not recruit new members will not make any money. MLM has numerous names like "forced matrix" or "legs" I agree with Jon M Taylor's summation which states: "... after studying the compensation plans of over 250 leading MLMs,
I have to conclude that the multi-level marketing model is inherently flawed, uneconomic, and fraudulent. Virtually all MLMs are dependent on deceptive recruitment of an endless chain of participants as primary (or only) customers. While many or most participants are not deliberately deceiving recruits, they are unwittingly drawn into the complex web of deceptions listed above - since to tell the truth would lead to failure in their recruiting efforts. CONCLUSION: The appeal in MLM promotions and the typical MLM reports of earnings of participants are dependent on a host of misrepresentations and deceptive sales practices. To be successful in MLM, one must not only work hard, but one must also –
(1) Be deceived
(2) Maintain a high level of self-deception
(3) Go about deceiving others
(4) Maintain denial of the harm done to those recruited into the chain or pyramid of participants. The degree of deception (and even total amounts in aggregate damages) exceeds the deceptions reported in the Enron stock scandal (with similar findings in the financial reports of WorldCom and Global Crossing). However, in the case of MLM, participants engage in self-deception as much as in any deliberate misrepresentations. In short, the typical MLM is a lie and engages in massive theft by deception." There is a healthcare business that has yet to be disclosed as a MLM scam. |
Do It Yourself MLM Evaluations
| MLM Statistics
| 30 Typical MLM Misrepresentations
Scam
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This intel was contributed by JazLive
JazLive
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May, 2012
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