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Hey Hun, Want To Talk About MLMs?

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By NPR. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
You may have been one of the many people recently glued to their screen watching Amazon's "LuLaRich" documentary. The series uncovers the rise and fall of the multi-level marketing clothing business LuLaRoe.
The documentary exposed the inner workings of the MLM business model. These companies recruit contractors to sell their products and recruit more independent contractors.
Many of these businesses recruit their contractors through flattery and promises of wild riches. However, according to one estimate, only 25 percent of those in an MLM turn a profit. And the Federal Trade Commission has even designated some MLMs as pyramid schemes.
We talk about the business of MLMs, how to spot a scam, and the experiences of those who were involved in that world.
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