http://www.moneycrashers.com/watch-out-for-illegitimate-multi-level-marketing-programs/?utm_source=rss&utm_medium=rss&utm_campaign=watch-out-for-illegitimate-multi-level-marketing-programs personal finance blog Fri, 20 Nov 2009 01:58:57 -0600 http://wordpress.org/?v=2.8.6 hourly 1 http://www.moneycrashers.com/watch-out-for-illegitimate-multi-level-marketing-programs/comment-page-1/#comment-6118 author Thu, 14 Aug 2008 02:11:14 +0000 http://www.moneycrashers.com/?p=621#comment-6118 you hit the nail on the head. There are definitely more bad ones than good ones, but I also wanted to point out that they aren't ALL illegal schemes. you hit the nail on the head. There are definitely more bad ones than good ones, but I also wanted to point out that they aren’t ALL illegal schemes.

]]> http://www.moneycrashers.com/watch-out-for-illegitimate-multi-level-marketing-programs/comment-page-1/#comment-6117 WealthBoy Wed, 13 Aug 2008 14:46:14 +0000 http://www.moneycrashers.com/?p=621#comment-6117 Very nice job touching on the key issues with bad MLMs. When a product is marketed using MLM, there are really two things being marketed simultaneously. The product and the MLM opportunity itself. Unfortunately, when the product doesn't work as advertised and provides no value to customers, the product still continues to be sold because the MLM opportunity can still be marketed effectively. This is the biggest problem with bad MLMs and I would say this makes them borderline (illegal) pyramid schemes. If a product is marketed using traditional marketing and it doesn't work, people simply won't buy it. However, the marketing of the MLM opportunity regardless of the validity of the product is what makes them so pervasive and persuasive. Very nice job touching on the key issues with bad MLMs. When a product is marketed using MLM, there are really two things being marketed simultaneously. The product and the MLM opportunity itself. Unfortunately, when the product doesn’t work as advertised and provides no value to customers, the product still continues to be sold because the MLM opportunity can still be marketed effectively. This is the biggest problem with bad MLMs and I would say this makes them borderline (illegal) pyramid schemes. If a product is marketed using traditional marketing and it doesn’t work, people simply won’t buy it. However, the marketing of the MLM opportunity regardless of the validity of the product is what makes them so pervasive and persuasive.

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