Multi Level Marketing (MLM) companies have been around for a long while now in Nepal. Yet their controversy seems endless. Although it seems ordinary on the surface, many of these companies have received a great amount of backlash, with entire communities built to oppose these companies (often labeled as the anti-MLM community).
A multi level marketing or network marketing business uses its distributors ― also called representatives or recruiters ― to sell products. They use word-of-mouth to get these recruiters to bring on additional people who can then distribute to a wider audience.
In this video, we dive into the MLM industry and the reasoning behind the backlash, as well as the shady practices some MLM companies use in order to keep their distributors inside the company.
Some of these practices include the selling of a “dream” and promises of high returns, wealth, residual income, or “financial freedom” if they join, whilst simultaneously promoting many self-help concepts.
One of the biggest problems with many MLMs is that they present an unrealistic idea of what the average person can accomplish by joining.
After studying 350 MLMs, the (Federal Trade Commission)FTC found that 99% of people who join multi-level marketing companies lose money. ... If you join an MLM scheme then you only have a 1% chance of not losing money. Not a 1% chance of getting rich. A 1% chance of not losing money.
Time Stamps:
00:00 Introduction 00:37 What is Multi Level Marketing(MLM)? 00:51 Normal Company Vs MLM Company 02:38 Are MLM companies legal in Nepal? 03:20 MLM Vs Pyramid Scheme 04:35 How are pyramid schemes presented to you? 05:49 Can you join MLM with Zero Investment? 07:05 What do they sell? 08:10 About Recruiting People 08:58 Can everyone earn money in MLM? 09:09 How will MLM business collapse mathematically? 10:33 Whom do they target? 11:30 Few Facts & Arrests 12:26 A short message to MLM brothers/sisters 13:38 A short message to few content creators 14:23 Pyramid Model in a JOB Vs MLM Company 16:04 Fraud MLM companies in Nepal 16:45 A message to all my viewers 17:31 Outro
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