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The truth behind MLMs & Why it is best to "Just Say No" - Shashank Melkote
Manage episode 318370681 series 2889501
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"A lie can travel halfway around the world while the truth is putting on its shoes." - Mark Twain.
Everyone listening to this would have been approached by an Multi-Level Marketing (MLM) proponent be in Amway, Herbalife, e-Biz, Qnet or some scam Crypto like Bitconnect or Squid Coin.
In this podcast Shashank breaks down the MLM world and very cleverly proves how MLMs are more of a scheme than a business model. We discuss:
- Intro
- What is an MLM & How do they compare against Ponzi/Pyramid Schemes
- Why do MLMs exist?
- What is their business model?
- Why do proponents focus on recruitment instead of selling?
- Is there money in it?
- What are some examples of what they sell?
- Personal experiences with MLMs
- Who is most vulnerable?
- What strategies do MLM practitioners use to sell/recruit?
- What is the best way to avoid such situations?
- Closing thoughts
Link to my blog on the topic: https://agneljohndcruz.blogspot.com/2012/08/the-perils-of-network-marketing-multi.html
List of MLMs: https://en.wikipedia.org/wiki/List_of_multi-level_marketing_companies
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