Definition of MLM and Pyramid schemes
Multi-level Marketing (MLM) is an advertising methodology intended to encourage sales of products or services through system of merchants, offering multiple levels of pay.
The primary thought here is to promote most extreme number of merchants for the products and services and exponentially increment the sales force..
Pyramid schemes are false plans, masking as a MLM technique. The contrast between a pyramid schemes and a legal MLM program is that in a Pyramid or Ponzi plans, there is no genuine trade of goods or services. That is, there is no value added to the economy. They merely cycle money . Consequently commissions are based just in light of the quantity of new people one brings into the plan.
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