multi-level marketing

If you're like over 90% of the people who get involved in multi-level marketing, you're going to lose money. The sad thing is that most people get involved in MLMs because they want to make money.Below is the story of one college student who lost thousands in an MLM. These companies are known for...

Over on BloggingStocks, I've written about Barry Minkow's allegations of fraud at multi-level marketing giant Herbalife.Here on WalletPop, I thought it might be worth taking a look at Herbalife -- especially its recruiting tactics -- from the personal finance perspective.On the Herbalife webpage,...

PrePaid Legal Services and companies like it sell plans that are billed as "legal insurance." These plans supposedly help the average consumer received "free" legal services in many cases, and discounted services in other cases. They're often marketed as offering help to the "little guy" who might...

On his website totalwellnessnetwork.com, Dr. Ladd McNamara extols the benefits of network marketing: "20% of all millionaires in the world made their fortune through the Network Marketing system," he writes.But if 20% of the world's millionaires got that way through multi-level marketing, they also...

Writing on AllBusiness.com, home-based business guru Frank Ross talks about that special group of people that embraces the idea of a recession:Everyone's talking the "R" word - Recession in the U.S. There is one headed our way, or depending on who you talk to, there's one already here. Most people...

In order for multi-level marketing companies not to qualify as pyramid schemes, you have to believe that people participate to acquire products. Skeptics, including myself and WalletPop's Tracy Coenen, believe that in many cases, the products simply serve as cover for a scheme that is not different...

China doesn't allow Multi-Level Marketing (MLM) schemes or pyramid schemes, period. The government allows single level direct sales if a company has a proper license. But no recruiting is allowed and no multi-level structure is allowed.While we often think of China as being behind the times...

Despite the claims of many who are trying to recruit new victims into their Multi-Level Marketing (MLM) scheme, you are not going to find riches there. While there are often lofty claims about many millionaires originating in MLMs or a high percentage of women making six-figure incomes from MLMs......

Hundreds of thousands of Americans get sucked into Multi-Level Marketing (MLM) companies each year. From Mary Kay to Amway to Herbalife to PrePaid Legal, the list is seemingly endless. Each offers its own special spin on the products it sells, but the main focus of an MLM is on recruiting new...

One of the credibility-building factors that modern multi-level marketing (MLM) companies rely on is the assertion that they're legal. Often, it's said that if a company wasn't following the laws, they would have bee shut down by now.Those things do sound credible. Average consumers assume that the...