Pyramid schemes are dishonest and illegal money making schemes where people pay money to join without receiving any form of product or services. In pyramid schemes, there only a few people at the top levels earning money from the bulk of the base of the pyramid.
It is sometimes difficult to differentiate a honest mlm scheme from pyramid schemes because of the many similarities in structure. But the main difference is that pyramid schemes earns money from you when you join, but mlm schemes lets you earn money through the sale of products and services and not primarily through recruitment of new members.
Pyramid schemes are not sustainable as there is a limit of people joining the network. In most cases, the bulk of the members in a pyramid scheme will lose money and time, while the people in the top of the structure profits the most.
People commonly mistaken MLM companies for Pyramid schemes. But in a good MLM company, you will only be rewarded if you work hard.
The concept of MLM is to make use of as many people as possible to distribute the company's products and services. By promoting and selling the company's products, distributors are paid commissions. Besides selling products, distributors may be rewarded with incentives for sharing the business opportunity with other people.
In fact, all organizations have a pyramid structure. One CEO, a few managers, and many staffs. The difference is that in MLM, representatives do not need to report to their superior. Each is their own boss.
It is possible to earn lots of money in MLM. In fact, there is no limit to how much you can earn, and how far you can go. The only factor that determines the success is YOU! - 21151
It is sometimes difficult to differentiate a honest mlm scheme from pyramid schemes because of the many similarities in structure. But the main difference is that pyramid schemes earns money from you when you join, but mlm schemes lets you earn money through the sale of products and services and not primarily through recruitment of new members.
Pyramid schemes are not sustainable as there is a limit of people joining the network. In most cases, the bulk of the members in a pyramid scheme will lose money and time, while the people in the top of the structure profits the most.
People commonly mistaken MLM companies for Pyramid schemes. But in a good MLM company, you will only be rewarded if you work hard.
The concept of MLM is to make use of as many people as possible to distribute the company's products and services. By promoting and selling the company's products, distributors are paid commissions. Besides selling products, distributors may be rewarded with incentives for sharing the business opportunity with other people.
In fact, all organizations have a pyramid structure. One CEO, a few managers, and many staffs. The difference is that in MLM, representatives do not need to report to their superior. Each is their own boss.
It is possible to earn lots of money in MLM. In fact, there is no limit to how much you can earn, and how far you can go. The only factor that determines the success is YOU! - 21151
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The difference is that in
ReplyDeletelabatterie representatives do not need to report to their superior