Tuesday, April 29, 2008

Multi Level Marketing pyramids; beware!

Wikipedia (as of Apr 29, 2008) has interesting articles showing clear contracts between legal & sustainable
multi-level marketing schemes and illegal pyramid schemes.

In short, pyramid schemes just transfer money from large section of participants to a small group of top ones.

MLM schemes on an average sell you the products at retail price minus the advertising costs. All else in it is pyramid.

Federal Trade Commission, US, advises that multi-level marketing organizations with greater incentives for recruitment than product sales are to be viewed skeptically.

Since many are still falling prey to these, esp. in the "free" market world, we owe it to spread this info and forewarn others.

Keywords: ACN Inc., Agel (MLM company), Alticor, Amsoil, Amway, BioPerformance, Cobra Group, Deutsche Vermögensberatung, Equinox International, Excel Communications, Forever Living Products, Freelife, Fuel Freedom International, Fund America, Inc., Herbalife, Holiday Magic (Company dissolved in 1974), Juice Plus, Kleeneze, Mannatech, Mary Kay, Mini IQ, Monavie, National Safety Associates, Neways, Nu Skin Enterprises, Omegatrend, Oriflame, Pre-Paid Legal Services, Inc., Primerica, Quixtar, Shaklee Corporation, Stream Energy, Sunrider International, Tahitian Noni International, USANA Health Sciences, World Financial Group, XanGo