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Tag: mlm checklist

What Is MLM, What Checklist To Follow Before Joining

What Is MLM, What Checklist To Follow Before Joining

Business
A multilevel marketing plan (MLM), also known as network marketing, sells goods or services through distributors or consultants. The distributors receive commissions on sales of goods and the people they recruit. The distributor's recruits become their "downline". The more people they recruit who in turn recruit others- the more money they make through commissions. They are considered home-based businesses. Difference between MLM and a pyramid scheme Briefly, a MLM offers legitimate goods and services to it's customers- pyramid schemes do not. . In 1979, the Federal Trade Commission (FTC) made a ruling that affected all MLMs: In re Amway Corp. (93 F.T.C. 618; full name In the Matter of Amway Corporation, Inc., et al.) The FTC ruled that Amway was not an illegal pyramid sche...