This is Not a Pyramid Scheme

Endless Thread

WBUR

Reddit, Technology

4.2 • 2.7K Ratings

🗓️ 27 June 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Every year, thousands of Americans lose money participating in multi-level marketing (MLM). So, last year, when a new business idea that promised to correct MLM's sins bubbled up on Instagram and TikTok, a lot of people hopped off the MLM train, and onto this new one, lured by the promise of a low-lift and lucrative side hustle.

This new business idea is called "master resell rights." But what exactly is it? Where did it come from? And does it actually solve any of MLM's problems? Endless Thread investigates.

*****

Credits: This episode was produced by Grace Tatter. Mix and sound design by Emily Jankowski. It was hosted by Ben Brock Johnson, Amory Sivertson, and Grace Tatter.

Transcript

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0:00.0	Funding for this podcast comes from Math Works, creators of Mat Lab and Simulink software,
0:06.0	accelerating the pace of engineering and science. Learn more at Mathworks.
0:12.0	This episode is brought to you by Shopify. Looking to start a side hustle or
0:16.5	become your own boss. Do it with Shopify. Whether you're selling succulents
0:20.0	or stilettoes, Shopify has the industry leading tools to help you create,
0:24.0	control and grow your own business. So get serious about selling and get Shopify today.
0:28.7	Sign up for a one pound per month trial period at shopify.co-de-ek slash special offer or lower case that
0:35.2	Shopify dot co-de-e-K slash special offer.
0:39.0	W. BOUR Podcasts
0:41.3	Boston B You are Podcasts. Boston. Broughts, it's so nice to meet you.
0:48.8	Brock, it's so nice to meet you.
0:51.0	Love to meet a Brock Johnson. I know if I've never met another Brock Johnson, nice to meet you.
0:57.0	Emory Seibertson, I don't know how many there are of you.
1:01.0	There can only be one. Well, apparently there's at least two of me.
1:05.0	Recently, I met a guy named Brock Johnson
1:08.0	so we could duel it out to see who was the true Brock Johnson.
1:12.0	Brock Thunderdome Battle, so to speak,
1:15.3	to Brock Center, one Brock Leaves.
1:18.1	I understand that your website says you're the CEO of Silly. I feel like in some ways we're the same person except you're more famous.
1:26.5	Because I'm also very silly. And you also have a podcast.
1:30.5	I do actually, I have two podcasts now.
1:33.0	Uh oh Ben he's got you beat.
	...

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