MLM Will Ruin Your Life

by calvin chirayath, Business student

Just imagine, a luxury bungalow with a river view, a vaulted ceilings, lavish furnishings, and a swimming pool - until you wake up with your face in the cow-dung. That's multilevel marketing (MLM). MLM's are just like a snare trap- waiting for you to be caught.

MLMs are pyramid schemes.

They are just like a Haunting ghost because in order to make more money they sign up more and more innocent people and that will only later ruin your social relationship.

Here is how they mostly work:You sign up and buy the startup kit,and then you start begging your friends and family to join on your "journey to financial succcess" and then you become friends with you hate and love and then guilt them into buying stuff they don't want or need. After you subject them to that, you then try to recruit them to join your team

As with all MLMs , the real money to be made isn't selling their product but in recruiting more people to join your team.

So in simple terms the real winners are the person who started the business and the very first person he/she recruited. Even if the person in the top of the chain gets successful and famous that does not mean it happen's for the person below the MLM pyramid.

How did MLMs start?

The first set of MLMs was the AVON, which was founded in 1886, and used door to door  model for selling perfume. 

Fast forward to 2020, Amway is the largest MLM company

It is almost impossible to stop the industry because of the amount of investors who are profiting from them

According to the reports that studied the business models of 350 MLMs, 99% of people who join multilevel-marketing  companies lose money.

Amway and Herbalife

Several companies like Amway and Herbalife have also expanded overseas to China, India and many south asian companies.

Amway's CEO in india was arrested in 2013 for running pyramid scheme.Many developing and developed countries still legalise chain marketing system due to support of bureacrat's

Conclusion
I would like to conclude this blog by saying that, we Human's have the power to choose and let us choose not to let our life be ruined


Regards
Calvin chirayath