Multi-level marketing – commonly known as MLM – is constantly changing. It is adapting to a world on online sales and the Internet, making it easier for direct sellers to get the word out about their products and business.
It allows them an almost free way to advertise and it provides current information on trends, tips, tricks, and techniques that people in the business use to make their business a success. MLM news is just as important for businesses as anything else because it is here that you will find out about legislation changes, business problems, and new start-up companies.
Three of the best MLM news articles dealing with direct selling issues. One set of articles, ‘The Ten Big Lies of Multi-Level Marketing’, is a detailed series explaining how the business model of most MLM companies is flawed. These articles were originally hosted on the website Pyramid Scheme Alert.org, a site dedicated to helping people recognize organizations that are running illegal schemes and other direct selling information.
Unfortunately, this series of articles do not seem to be available unless they are in the archives. If that is the case, there is no search capability and you will have to spend the time to find them. There is also a great deal of information on that website and it is worth your time to peruse what is there.
The second article of the best MLM news is one that is hosted on Quatloos. Entitled ‘Federal Trade Commission’s “Bottom Line About Multi-Level Marketing Plans”‘, this article covers everything you need to know about spotting a bogus selling plan and how to stay away from it. It provides a nice list of facts and points to watch out for when you are researching the company or companies you are interested in getting involved with.
Keep in mind that it takes work to build any business, including a direct marking one, and that anyone promising you that you’ll be on the road to riches when you get your start-up kit really has no idea what they are talking about. The article strongly advises that you research the company thoroughly.
And lastly, another article hosted by Quatloos that focuses on MLM news is the ‘IRS Agent Pleads Guilty in The Tax People Case’. This news write up discusses the case of Thomas Steelman, Sr., a former IRS agent who promoted a bogus direct selling company called The Tax People. Supposedly this company was fabricating home based business deductions in a tax pyramid scheme. In a four year period, Steelman defrauded people out of $100 million dollars.
This is the kind of information anyone that is involved with a direct selling operation needs to keep on top of. By reading MLM news, marketers and customers alike will know which companies are in trouble, which companies are legitimate, and which ones to completely steer clear of. No matter what type of business you are involved in, it is always advisable to do your homework and research everything and anything you can.
Also, remember to be honest in your advertising and marketing. If you fell a product you are selling isn’t working as well as the main company says, do the right thing and warn your customers about it instead of leading them astray. That road leads to many problems.