MLMs: Small Business or Snake Oil?
Pantsuit Politics
Lemonada Media
4.5 • 4.9K Ratings
🗓️ 19 October 2021
⏱️ 64 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | There is this narrative, this undercurrent, this promise of building your own business. |
| 0:06.1 | But legally, is an MLM a small business path? |
| 0:10.1 | No, legally, you are an independent contractor for the company when you join an MLM. |
| 0:15.4 | So in a sense, you have your own business. |
| 0:17.8 | You are an independent contractor with one customer and that customer is the MLM that |
| 0:22.0 | you have joined. |
| 0:23.2 | So you're providing services to that company and they do not have obligations to you as |
| 0:28.4 | though you're an employee. |
| 0:29.4 | They don't have to pay you a minimum wage. |
| 0:31.3 | They don't have to give you paid time off. |
| 0:32.9 | They don't have to give you other benefits. |
| 0:35.1 | You have to supply your own equipment and tools and pay your own taxes and those are the |
| 0:38.6 | things that make it feel like you're a small business owner. |
| 0:41.5 | But this is where a lot of the criticism of MLMs come into. |
| 0:51.2 | This is Sarah and Beth. |
| 0:53.2 | We're listening to Pant suit politics, the home of Graceville Political Conversations. |
| 1:14.6 | Hello everyone, welcome to Pant suit politics. |
| 1:17.4 | On today's show, we're going to discuss the unvaccinated and what motivates them. |
| 1:22.2 | Before we move on to our long promise conversation on multi-level marketing companies or MLMs |
| 1:27.2 | as they are commonly known. |
| 1:28.8 | And outside of politics, we're going to hit on something affecting all of us. |
| 1:32.6 | Group text etiquette. |
... |
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