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Anyone ever been involved in multi-level marketing (MLM)? What has been your experience? Is it worth it? Is it a pyramid scheme?

bleurowz 8 Mar 21

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Never. It's a scam.

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I was a distributor with Telecom Plus or as they are now The Utilities Warehouse.in the UK.It is a genuine company and not a scam but he only way to progress and make real money is to build up a large "downline". To do that you had to recruit lots of other distributors and convince them that they can do the same. Some may but there is only room for a few at the top. Those who joined the Co. early on and were successful are now wealthy. I was given some free shares which are now worth ten times their original value so I am happy.

@Nomorepopes Not in the slightest way illegal. You are confusing multi level marketing with pyramid schemes. Two totally different things.Check out the The Utilities Warehouse for yourself'. They are one of the better small utilities suppliers in the UK

The shares were a bonus for collecting a certain number of customers and were in addition to the normal payment scheme..

Well you are obviously the expert so how could I possibly argue. I will just continue to enjoy spending the share dividend each year and watch the value of my shares rise annually

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A losing proposition!

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Every person I've known who has gotten involved spent a lot more money than they ever earned and lied about it to get others to join. Don't do it.

2

Ponzi, pyramid, vampire capitalism... DON'T.

2

You must be desperate

I was invited to a meeting and told it was a "business opportunity." The more they talked, the weirder it felt. While I was there I googled the name of the company, and although they've been in business for a couple of decades and got a very good rating from the Better Business Bureau, all sorts of links saying "pyramid scheme" and "MLM" also showed up.

@bleurowz oh yea that only happened once to me. I doubt it will ever happen to you again.

3

@ bleurowz "MLMs function because downline participants are encouraged to hold onto the belief that they can achieve large returns, while the statistical improbability of this is de-emphasised. MLMs have been made illegal or otherwise strictly regulated in some jurisdictions as a mere variation of the traditional pyramid scheme, including in mainland China."
I don't trust or waste my life energies with unfair money-making schemes.

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