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Please help me. I would like to know if these businesses are legal. They sounded good to me, i just needed your opinion. Any suggestions would be grateful! Btw, this is my first post here. Nice site Esato!
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Posted: 2004-09-18 08:50:04
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Welcome to Esato! As far as I'm aware, MLM is legal in the UK (as long as the terms are clear). Pyramid selling is illegal.
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Posted: 2004-09-18 08:54:13
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Thanks for such a quick response! But how do i differentiate between a genuine MLM and a fake Pyramid? Sorry if i am asking too much! :-)
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Posted: 2004-09-18 09:06:03
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With pyramid you have to buy "stock" to sell on. The danger is you may be left with unsold stock. With MLM you only buy what you require.
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Posted: 2004-09-18 09:27:07
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Hi there! Welcome to Esato!! MLM is totally different from illegal pyramids. MLM is a genuine business opportunity if you pursue it seriously. But deal with reputed companies in the field only. Some fly-by-night companies are pyramids disguised as MLM.
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Posted: 2004-09-18 09:44:16
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What exactly's the difference? Sounds like a pyramid scheme to me dressed up in a fancy name! Or another get rich quick scheme.
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Posted: 2004-09-18 11:01:24
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Nope. As i mentioned earlier pyramid scheme's are different from genuine multilevel marketing opportunities. And MLM's ain't get rich quick schemes. It's a great way for creating residual income.
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Posted: 2004-09-18 11:53:45
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Quote:
On 2004-09-18 11:01:24, Sammy_boy wrote:
What exactly's the difference? Sounds like a pyramid scheme to me dressed up in a fancy name! Or another get rich quick scheme.
With a pyramid you have to pay up front and hold stock. MLM requires no committment and can be a good way of making money. Many home party type things are MLM. If you have customers, everyone benefits.
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Posted: 2004-09-18 12:19:18
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Ah, I think I see now. So multilevel marketing would be things like tupperware parties, Avon, and things like Amway cleaning products?
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Posted: 2004-09-18 12:51:50
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Yes. You buy something off me for £5 and I buy it off my person for £4 (i.e. I make £1). He buys it off the company for 3.50. So he makes a bit off my sale, too. The advantage for the company is other people do their selling for them.
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Posted: 2004-09-18 12:58:01
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