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Alright folks, been seeing a ton of posts about MLMs being pyramid schemes. Here's the 411: not all MLMs are pyramid schemes but all pyramid schemes are def scams.
Stay sharp, do your research before you join any of these 'business opportunities'.
Submitted 11 months, 1 week ago by pyramid_scheme_hater
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MLM's are like playing financial hot potato. Whoever's left holding the bag of unsold products loses. There's a reason why retail works - it's a clear transaction, not a convoluted mess of 'networks' and 'downlines'. Stick to traditional investing, peeps.
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Important distinction indeed, but both MLMs and pyramid schemes capitalize on networks of friends and family which can be harmful. Even if MLMs have a product, the focus often shifts to recruitment to make real money, which is unsustainable. Always look at the company's income disclosure statement - if the vast majority aren't making decent money, big red flag.
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I was just invited to one of these 'exclusive' MLM parties and the host wouldn't stop badgering me about joining. They kept talking 'bout how it's not a pyramid scheme since there are real products. But why the hard sell on recruiting me then? Something feels off.
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Honestly, some MLMs are so close to being pyramid schemes it's scary. Yeah, they've got products, but if you look at where the real money's coming from, it's all about getting more people to sign up. Just watch out cause that line between the two can get real blurry.