Celebs Involved With MLMs | Multi Level Mondays
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Blair Zoń
4.4 • 961 Ratings
🗓️ 26 July 2021
⏱️ 25 minutes
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Summary
Transcript
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| 0:00.0 | Hello and welcome to Multilevel Mondays, a weekly series all about |
| 0:08.6 | pyramid schemes, Ponzi schemes, Multile Marketing, and other forms of |
| 0:12.4 | business fraud. |
| 0:14.0 | I'm the aluminati, and today we are going to be talking about the celebrities, influencers, and business icons who have gotten |
| 0:25.1 | their hands dirty with multi-level marketing. |
| 0:27.7 | As we've come to learn, MLMs are quite infamous for praying on economically vulnerable |
| 0:31.9 | people. |
| 0:32.5 | So why would people who are economically stable |
| 0:35.6 | go for an MLM? |
| 0:37.5 | In today's episode, we're going to discuss |
| 0:39.4 | why celebrities decide to work with MLMs |
| 0:41.7 | and the consequences it can have on them and their |
| 0:44.0 | fan base. One selling point about MLMs is that anyone can rise to the top if they |
| 0:49.2 | work hard enough and while it is true that money can be made from selling products alone, it is near |
| 0:55.1 | impossible to turn a profit doing so. |
| 0:57.7 | The real money is made from recruitment. |
| 1:00.5 | South Dakota's division of consumer protection went into further detail about this on their page about MLMs. |
| 1:06.0 | The main idea behind the MLM strategy is to promote maximum number of distributors for the product and exponentially increase the sales force. |
| 1:15.0 | Without family, friends, or followers to lure into a down line or shill products to, losses are inevitable. |
| 1:21.4 | Having customers does not always guarantee success either, but it does provide |
| 1:25.4 | potential. Given all the expenses and costs necessary to operate in an MLM, why would someone |
| 1:31.4 | with a high profile career want to choose such a source of additional |
... |
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