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Money Rehab with Nicole Lapin

Confession$ from Inside a MLM Pyramid Scheme

Money Rehab with Nicole Lapin

Money News Network

Business, Education, Self-improvement

4.61.7K Ratings

🗓️ 17 May 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

When it comes to MLMs (multi-level marketing) brands, Nicole is torn. She's heard some horror stories exposing an exploitative underbelly of MLMs, but she's also spoken firsthand to people who attribute all of their financial success and happiness to their work with MLMs. Today, Nicole hears from Roberta Blevins, who was once a seller for It Works! and LuLaRoe. Roberta shares her firsthand experience, and why she unequivocally believes MLMs are pyramid schemes. Find more of Roberta's work, and her podcast, here: https://robertablevins.com/ Originally aired 4/20/23

Transcript

Click on a timestamp to play from that location

0:00.0

When I'm not hosting this podcast, I am writing books, but it is really hard for me to write when I'm at home,

0:05.3

so I like to find remote cabins in the middle of nowhere to just hang out and write.

0:10.0

But I hate the idea of my house just sitting empty doing nothing but collecting dust and definitely not collecting checks.

0:16.6

And that's why I'm an Airbnb host. It's one of my all-time favorite side hustles.

0:21.0

Other popular side hustles are awesome too, don't get me wrong, but they often involve big startup costs. By hosting your space, you're monetizing what you already have access to. It doesn't get easier than that. And if you're new to the side hustle game and you're anxious about getting started,

0:34.3

don't worry because you're not in this alone. Airbnb makes it super easy to host. I mean if I could do it, you could do it.

0:40.6

And your home might be worth a lot more than you think.

0:42.8

Find out how much at Airbnb.com.

0:44.8

host.

0:47.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. It's time for some

0:53.7

many rehab. It's only in the last few years really that people have been looking more critically at

1:04.4

MLMs the multi-level marketing model. Even if you haven't heard them called

1:09.3

MLMs you know what I'm talking about. In some ways it has some overlap with the franchise model.

1:14.0

If you're participating in an MLM, you buy the company's product,

1:18.0

maybe it's makeup or leggings or home goods,

1:21.0

and then you turn around and sell that product.

1:23.6

That, in and of itself, is pretty standard and above board.

1:27.1

The issue with MLMs is that it is often a big part of the strategy

1:31.2

not to just sell the products, to recruit new sales people to sell

1:35.6

them products to sell. So that is why MLMs are often referred to as pyramid schemes.

1:42.1

Today I'm chatting with Roberta Blevins. She's often referred to as pyramid schemes.

1:42.6

Today I'm chatting with Robert Oblevins.

...

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