Needed: A More Proactive Approach to Enforcement of Laws Against Pyramid Schemes as Applied to MLM’s
One of the insidious features of many MLM’s is that promoters often aggressively harvest the rewards from building their pyramids and disappear before enforcement agencies can catch up with them.
law,pyramid,schemes,mlm
Types of MLM Compensation Systems
A frequent argument of MLM promoters is that while they may agree that there are problems in the MLM industry, each will claim they have solved the problems with their new brand of MLM compensation system, which is supposedly more fair, honest, generous, etc., than all the others.
mlm,compensation
Naked Pyramid Scheme vs. Product-Based Pyramid Scheme
To distinguish between typical pyramid schemes and those masking as MLM’s, I will introduce two terms that should help clear up the confusion between the two, along with some features which they have in common.
pyramid,scheme,mlm,product
Challenge to the Industry: "Prove Me Wrong"
As feedback began coming in, I began to see patterns displayed by MLM’s that were eerily similar to illegal pyramid schemes.
industry,mlm,companies,network marketing
I decided to investigate MLM for myself
As a long-time critic of MLM programs, I was curious to know why so many otherwise intelligent and capable persons were involved.
pyramid,scheme,industry,mlm,recruit
Destructive Effects on the Lives of MLM Paticipants
The effects on the lives of participants is well described by Robert Fitzpatrick in excerpts from the web site of Pyramid Scheme Alert:
mlm,pyramid,schemes,network marketing,multi-level
The History of Pyramid Schemes and Multi-Level (or Network) Marketing (MLM)
The history of pyramid schemes in this country is fascinating, but I will include merely a brief sketch here.
pyramid,scheme,multi-level,network marketing,MLM,Ponzi,money
A Good Investment? Or a Pyramid Scheme?
Pyramid schemes deceive and cheat consumers. Con artists often disguise the scams as “network marketing” opportunities, making it difficult to tell whether the offer is legitimate or a sham.
pyramid,scheme,investment,network marketing,money
AIS Statement on Supplements Sold by Network Marketing Companies
We receive frequent contact from distributors of network marketing companies that sell nutritional supplements. Two issues are involved in our assessment: the supplements and the marketing process. These issues can’t be separated.
nutritional,supplements,network marketing
The 5 Pillars: Before you choose a company
Before you choose a company to work with for the next five or ten or twenty years, where your future and your reputation are at stake; knowing the 5 Pillars will save you years of failure and frustration.
company,products,management,downline
3 Questions To Ask Yourself
When you are in that place where you where you find yourself sometimes when you are trying to determine how to start a business if you are new to networking –or- how to change your business so it becomes successful if like many you have been networking for a long time.
start,business,networking
Prospecting Strategy – The Pall Bearer
Pay attention because this strategy is going to separate you from competing with messes of people in this industry.
prospecting,networkers
Prospecting Strategy – The Ad Reversal
The Ad Reversal is a process of acquiring successful people’s names and phone numbers who want to do our business and are looking for prospects themselves, and reversing the process by prospecting them for your own opportunity.
prospecting,prospects,opportunity
Prospecting Strategy – The Billboard
I include this strategy because it’s a wonderful way for a team of Networkers to pool their money and create a large number of prospect names that they can share among themselves.
prospecting,networkers,money
Prospecting Strategy – The Bumper Sticker
Perhaps the most overlooked prospecting strategy in Networking is the bumper sticker.
prospecting,recruit,distributors,simple
Prospecting Strategy – The Volunteer System
Did you know that there are a large number of volunteer programs in every community in North America?
prospecting,recruiting,distributors,customers
Prospecting Strategy – The Graduation List
Of all of the fantastic warm market approaches that are missed by most Network Marketers, this has to rank in the top.
prospecting
Prospecting Strategy – The Employment Agency Strategic Alliance
Every city has employment agencies. Some of those agencies are national chains and are very difficult to help. But individuals locally own some of the employment agencies in your area. Those are the agencies that you want to approach.
prospecting,employment,idea,prospects,organization
Learn how to "Think Like A Prospect"
Do you know why it is important to think like a prospect?
prospect,recruiting,recruiting
What is a Ponzi Scheme?
A Ponzi scheme is an illegal pyramid scheme named for Carlo “Charles” Ponzi, who conned thousands of Americans into investing in a postage stamp coupon exchange program in the 1920s.
Ponzi,scheme,investment,investor,pyramid,fraud
Pyramid schemes are increasingly treated as legitimate enterprises
Investigative journalists frequently ask why the participants cannot see the inherent fraud, the mathematical implausibility and preposterous promises.
pyramid,schemes,legitimate,enterprises
Three ethical dilemmas for participants caught up in MLM type pyramids
Attorney Douglas Brooks of the Boston-based firm, Gilman and Pastor, LLP, has successfully sued multilevel marketing companies for pyramid fraud and deception.
ethic,MLM,pyramids
What is the actual harm of a pyramid scheme?
But what is the actual harm of a pyramid scheme? What are its ethical abuses and compromising allurements?
pyramid,scheme,jobs,careers,ethic
Four defining characteristics for identifying the elusive MLM pyramid
Dr. Jon M. Taylor of Salt Lake City has spent the last five years studying MLM pyramid schemes and has written a book on the subject.
MLM,pyramid
The pyramid scheme phenomenon intertwines the growth of the multi-level marketing (MLM) industry
The pyramid scheme phenomenon intertwines the growth of the multi-level marketing (MLM) industry in which distributors are paid overrides on purchase of other distributors they enroll in an ever expanding, “multilevel” fashion.
pyramid,scheme,multi-level,marketing,MLM
The Better Business bureau warned that pyramid schemes “are all over the country
Beguiling our vulnerable sides is not unique to pyramid schemes, but the fact that they are spread by thousands of ordinary people defrauding one another makes them unique among flim flams.
pyramid,schemes,Florida,scheme,Washington,Springfield,Illinois
The Pyramid Scheme: Illegal sales practices
The city of Columbus, Ohio experienced the spells that pyramid schemes cast over otherwise honest people when Purchase Plus Buyer’s Group swept into town.
pyramid,scheme,illegal,sales,Ohio
