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Fitzpatrick's interest in pyramid schemes was sparked in the 1980s when he joined a business with a multi-level, direct-sales model. While Fitzpatrick didn't lose money, he did witness first-hand how one could get sucked into what he called "delusional behavior".
Multi-level marketing (MLM), also called network marketing [1] or pyramid selling, [2] [3] [4] is a controversial [4] and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or ...
The sad thing is that most people get involved in MLMs because they want to make money.Below is the story of one college student.
The unsustainable exponential progression of a classic pyramid scheme in which every member recruits six new people. To sustain the scheme, the 2.2 billion people in the 12th layer would be required to recruit 13.1 billion more people for the 13th layer, even though there are not nearly enough people in the world to achieve that.
Traditional pyramid schemes only involve an exchange of money between people. MLMs skirt this by including a product in the mix – people are supposedly exchanging money for a product.
why the increased availability of easy-to-consume snack foods has had a disproportionate effect on weight gain compared to other foods. The need to employ self control in food decision making has been recognized and incorporated into other recent economic theories of obesity
Created Date: 8/30/2012 4:52:52 PM
Beautycounter (dissolved in 2024); Betterware (placed into administration in 2018) [23]; Black Oxygen Organics (shut down in November 2021) [24]; BurnLounge (shut down as pyramid scheme by FTC in 2012)