The company’s that everyone knows are MLM trash (HerbaLife, JuicePlus, ect). When I was looking for a job I naively joined a seminar discussing CutCo Knives. Come to find out these dud muffin companies have been around since my mom was growing up, and are somehow still operational? Wouldn’t the BBB or whatever business bureau operates in the US (FTC?) have these scams shut down by now? I understand that new ones are popping up all the time but im referring to the ones that have been around forever now.
In: Economics
MLMs are super predatory, the payment structure (pyramid) is a disaster for a lot of people, and tons of people get scammed and end up losing their savings/in debt.
But at the end of the day, most MLMs are selling $2 worth of soap, fragrances, vitamins, etc for $30 to the end customer, and with margins like that, there’s a lot of room for profit.
Even when there’s millions spent on fines, lawyers, etc.
Latest Answers