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Guide

crypto coin vs token

Crypto Coin Vs Token: Fundamental Difference with Example

Cryptocurrency, Guide

Welcome …

Crypto Coin Vs Token: Fundamental Difference with Example

If someone approach us for any MLM opportunity, we turn around. Cause many of us consider Network Marketing as synonymous of SCAM, which it is not. MLM as a whole concept is not scam, until some genuine products are promoted. And it is scam when objective of companies or leaders is wrong. In every industry there are some exception whose intention make them scams. Same scenario is with MLM, but here exception rate is much higher. Still there some companies like Tupperware, Avon, Oriflame which are known for their quality products, not because they are MLM Companies. This post is about some solid reason, Why MLM is considered scam, even it's legalise in most of countries. Scammy Companies MLM industry is full of scammy companies, very few companies are there which are working in legitimate ways and selling genuine products. Almost all pyramid schemes which are illegal money-circulations pretend as MLM. Most people are unable to differentiate genuine MLM form fraud pyramid schemes. Sometimes ponzi schemes also operate in same way and MLM scams are held. Overpriced dummy products are use to obtain money from members, top promoters get decent commission, so other start trusting scheme and it grow exponentially. Now some new trends are there, Cryptocurrency-Based MLM and Be Millionaire courses are sold by pyramid schemes to lure people. Fraud Promoters MLM Scams are not only limited to pyramid schemes. Fraud promoters put all efforts to ruin reputation of MLM. There some people who knows this company is a scam, but still they promote such scams to earn high commission. As i said earlier, scam companies pay heavy commission to early promoter, this thing make them fire to spread scam. Even in genuine companies fraud promoters exist. All those people who make false claims, do impossible promises, use deceptive recruitment technique and show fake income cheques are part of this. Fraud promoters merely punished for their unethical actions. Lack of knowledge Half information is more dangerous then no information. People who consider MLM as scam have half knowledge about it. Even I have seen some media publication who report MLM and pyramid scheme as same. There are some companies which are operating from many decades and still growing. Amway have suffered from hundred legal action all over world but still it is in action, cause MLM is a legal model. MLM may have flaws but not all occasion are suitable for everyone. Someone who love selling products and interacting people, for them MLM is opportunity. And for introvert it is hassle. Calling someone's profession scam due lack of knowledge is not acceptable. But above that fraud people and companies are mainly responsible for bad reputation and MLM being called scam. No Proper Regulations In many countries there is no proper regulations for network marketing. Ponzi schemes and pyramid schemes are illegal but they can easily function pretending as MLM. Any company can start promoting product using MLM concept. So there should be an authority in every country which check companies' products, profile and plan. Authority should publicly share a list of legal direct selling companies, so that people can check list and then only become part of any company. But it creates problem for new network marketing start-up who maybe unable to impress authority. Morever strict laws should be practice on promoters so they don't fool innocent people and individual level scams can be controlled.

4 Reasons: Why Network Marketing is called SCAM?

Guide, MLM

If …

4 Reasons: Why Network Marketing is called SCAM?

affiliate marketing vs network marketing

Affiliate Marketing Vs Network Marketing: What’s better for you?

Affiliate Marketing, Guide, MLM

Marketing …

Affiliate Marketing Vs Network Marketing: What’s better for you?

ponzi scheme

What is Ponzi Scheme? History & How to Identify Them

Guide, MLM

Ponzi …

What is Ponzi Scheme? History & How to Identify Them

mlm is legal or not

Is MLM (Network Marketing) Legal?

Guide, MLM

Often …

Is MLM (Network Marketing) Legal?

crypto mlm scheme

What is Cryptocurrency based MLM? Opportunity or Just Scam

MLM, Guide

From …

What is Cryptocurrency based MLM? Opportunity or Just Scam

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