The lines are blurred with pyramids, Ponzi, networks, affiliates, MLMs, brokers, agents etc.
PONZI – Outright fraud
PYRAMIDS – A structure
MLMs – Multiple Levels (more than two)
BROKERS/AGENTS – Common in Real Estate, Insurance and Finance.
AFFILIATE – Usually 1 level, sometimes 2 levels (Affiliates and Affiliate Manager)
The MLMs and “Network Marketing” models are on the edge of the law constantly. Their model is based on recruiting and retention and is usually a balancing act with the FTC as to what percentage is recruiting and legitimate products sales.
Their model reasons there are so many is because it is so easy to use courses, training and education as the “product/service”.
This is WHY I think WA should put more emphasis on the “WA Community” using Online Video Groups and “in person” MeetUps to show our authentic selves.
😈 Scammers are cautious and Hide Their Identity
💕 Authentic Marketers are Open, Authentic and Confident.