Personal Finance
How to spot a MLM scheme
By Singapore's Budget Babe  •  October 20, 2017
MLM (Multi-Level Marketing), also known as pyramid selling, is a controversial marketing strategy where the revenue of the MLM company is obtained from the people who join the MLM. Typically, the idea is that you recruit newcomers, who pay a fee to join in order to gain access or start selling the exclusive MLM products / services. World Ventures, Nuskin and Amway are probably the first few names that come to mind, but that's not it. I was quite shocked when some of my friends tried to rope me in: "If I could show you a way to earn from...(insert description here) that specialises in...(insert super-amazing niche here)...and you can earn potentially UP TO (insert high returns or amount here)... I think this is really a great opportunity for you!" or "I'm looking for a business partner and was wondering if you would be keen ......
Read the full article
By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance