Financial Advisor Jayson Thornton, CFP and @AlwaysMarco - REACT to MLM income claims and promotions.
How to Avoid Multilevel Marketing and Pyramid Schemes - * Don’t be dazzled by claims of sky-high profits. * Watch for red flags, such as a promoter’s unwillingness to answer your questions. * Thoroughly check out any multilevel marketing program you’re looking at.
An MLM business uses "consultants" to sell products or services to friends, relatives and acquaintances, and recruits other people to sell the same products or services. Among the best-known MLM companies are Amway—which sells home care, personal care, nutrition and beauty products—and Mary Kay Cosmetics. MLM is also known as direct marketing, network marketing or direct sales.
Can You Make Money in Multilevel Marketing? Although the Direct Sales Association boasts that the average MLM participant made nearly $5,900 in retail sales in 2021, researchers and consumer advocates warn that most MLM participants don't earn a profit. In fact, an estimated 99% of MLM consultants end up losing money, according to the Federal Trade Commission-endorsed book "The Case (for and) Against Multilevel Marketing."
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