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The Financial Diet

An MLM Expert On What Everyone Needs To Know About MLMs

The Financial Diet

TFD

Business

4.3548 Ratings

🗓️ 28 February 2022

⏱️ 57 minutes

🧾️ Download transcript

Summary

In this episode, Chelsea sits down with Dr. Bill Keep to talk all things MLMs. Dr. Bill is a professor of marketing at The College of New Jersey who’s been studying MLMs since before they were trending. Thanks Avast.com for sponsoring this episode of The Financial Confessions! Subscribe and leave us a review: Subscribe to The Financial Confessions podcast here: https://thefinancialdiet.podbean.com/ Rate + review us on Apple Podcasts:  https://podcasts.apple.com/us/podcast/the-financial-confessions/id1484287750 For our favorite moments from The Financial Confessions podcast, subscribe to our TFC highlights channel here: https://www.youtube.com/channel/UCNRL-_4emfF More from today's guest, Dr. Bill Keep: Faculty profile: https://business.tcnj.edu/faculty-profiles/20695-2/ https://dsef.org/ Resources from Bill: https://www.salon.com/2021/11/06/multi-level-marketing-companies-shower-kyrsten-sinema-with-cash-in-apparent-bid-to-labor-bill/ For more from TFD: The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Instagram: https://www.instagram.com/thefinancialdiet

Transcript

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0:00.0

Hello, everyone, and welcome back to an all new episode of the Financial Confessions.

0:05.0

I am, I know I say this a lot, but I have to give extra emphasis this time.

0:10.0

Incredibly excited for this episode because it is probably the most hotly requested topic

0:16.0

in terms of the intersection between finance, media, pop culture,

0:21.2

our daily lives, social media.

0:23.2

Basically, everywhere we go, this

0:25.3

has become a more and more prevalent topic

0:28.1

for both better and worse.

0:29.6

I am talking about MLMs, pyramid schemes,

0:32.5

and basically all of the other get rich quick stuff

0:34.7

that you're seeing both on your Instagram feed

0:37.1

and also probably in all kinds of series and documentaries and exposés.

0:41.3

It's something worth considering that despite the pandemic having such an enormous economic toll, it also was a context in which these schemes, which many people on some level know are not legitimate and don't lead to success for most people, manage to thrive.

0:56.5

And it is particularly that resilience in popularity, even through a devastating economic downturn,

1:02.3

that made me want to have an expert on to talk about what these kind of schemes are, why they continue to be so popular,

1:09.5

and maybe how to become even better at not only avoiding them

1:12.4

ourselves, but also helping people we might know and love,

1:15.1

not fall into them themselves or get out once they're already in.

1:18.6

And before we hop into our interview with today's guest,

1:21.0

I want to thank our sponsor Avast for supporting today's episode

1:24.7

of TFC.

1:26.0

Avast's new all-in In One solution, Abast One,

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