about Chain Marketing System or Multi Level Marketing (MLM) schemes

Chain marketing or MLM:

 Chain marketing is also known as pyramid schemes where one has to enroll others under his account to make a pyramid shaped structure and earn money. A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, often without any product or service being delivered. In some countries it’s also known as MLM (Multi Level marketing) schemes.

Whatever you may call these schemes, but they all follow the same concept where someone earns money by referring others to the scheme and few also earn pretty handsomely. But statistics have to say sometime else – more than 99% of people either loose their whole invested money or earn next to nothing. And that’s why multi level marketing (MLM) schemes are now officially banned in countries like United States, Great Britain, France, Canada, Malaysia, Norway, Australia, New Zealand, Nepal, Sri Lanka and Iran.

How Chain Marketing Schemes Work:

You join the MLM scheme by paying some amount of money

Next you have to spread the concept and make new members under your name

You keep adding members and you are paid a percentage of their joining fee

Few MLM schemes also offer commissions on their product sale

You keep adding new members and sell products…

 MLM schemes have been proved as a disadvantage for more than 99% of people where they loose their money. Today’s people believe more in reality than any easy money making schemes. And if you try forcing them to join the company under your account, there is a chance of getting ignored them. Once they start ignoring you, you loose a member and a contact. You are in loss.

The disadvantages are that they become your main goal and you keep running behind people to make them join the scheme and this completely changes your personality. You keep asking your friends, relatives, family members and they start avoiding you, which is the gray side of MLM schemes. You get motivated by your senior members in such a way that you start working for these pyramid schemes dedicatedly and ignore all your studies, office work or other important stuffs. Chain Marketing or MLM is not good way to earn money. Please stay away from it. It will ruin you, your friends and your country. Don’t become a victim. Protect other innocent people from chain marketing. Please don’t ruin your family and friends. Don’t even attend the chain marketing presentations and seminars.