Episode 8: Multi-Level Marketing


Host Sammy Ross and guest Angela Siler discuss Multi-Level Marketing.  Also known as Network Marketing, or Direct Selling, on this episode we will define what comprises an MLM, what the differences are between these companies and pyramid schemes, and what our options are if we’re looking into joining one of the numerous MLM companies that are out there today.

For Bonus content where Sammy Ross discusses her encounter with the MLM company DoTERRA, and guest Angela Siler discusses her foray into being an entrepreneur, please visit: https://www.patreon.com/ThisisNotaHandout

For more information about the show, please visit: https://www.thisisnotahandout.com

 

Resources:

A great resource for what the difference is between Multi-Level Marketing and a Pyramid Scheme: https://www.consumer.ftc.gov/articles/0065-multi-level-marketing-businesses-and-pyramid-schemes 

For an explanation of what a Pyramid Scheme is: https://www.investopedia.com/insights/what-is-a-pyramid-scheme/ 

For an in-depth analysis on Multi Level Marketing companies of today: https://www.ftc.gov/sites/default/files/documents/public_comments/trade-regulation-rule-disclosure-requirements-and-prohibitions-concerning-business-opportunities-ftc.r511993-00008%C2%A0/00008-57281.pdf 

For a look into Amway’s lawsuit history: https://www.bloomberg.com/news/articles/2020-01-10/amway-welcome-to-the-gig-economy-you-re-being-sued-over-pay  

For a look into how Coronavirus is aiding in misleading sales tactics, as well as how the Pandemic is fostering the attractiveness of MLMs: https://time.com/5864712/multilevel-marketing-schemes-coronavirus/ 

For more on the toll Multi-Level Marketing can have on women and their friendships: https://www.chicagotribune.com/business/ct-biz-mlm-female-friendship-costs-20190122-story.html 

For more on why Utah is such a desirable state for MLM companies: https://kutv.com/news/local/follow-the-profit-how-mormon-culture-made-utah-a-hotbed-for-multi-level-marketers  

For more on Military Wives and MLMs: https://www.racked.com/2018/5/29/17377706/multilevel-marketing-companies-military-spouse 

For a look into the Multi-Level Marketing “free car:” https://www.talentedladiesclub.com/articles/why-theres-no-such-thing-as-a-free-mlm-car/ 

To understand the difference between an employee and an independent contractor: https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee  

For a closer look into California’s new AB5 Law: https://www.investopedia.com/california-assembly-bill-5-ab5-4773201#:~:text=California%20Assembly%20Bill%205%20(AB5)%2C%20popularly%20known%20as%20the,employees%2C%20with%20a%20few%20exceptions

For more on the Youtube Channel “Not The Good Girl:” https://www.youtube.com/channel/UC4DMThX0F-h6F1nzCbp6shw 

For more on the Youtube Channel “Münecat:” https://www.youtube.com/user/georgieporgieguitar 

Check out this episode!