ASMR: How Multi Level Marketing compaines work (Soft spoken) Educational ASMR MLM series: EP 1

Hi everyone! New Educational ASMR series: Multi Level Marketing and how it works!

In this video I will be talking about how multi-level-marketing (MLM) works. This is just going to go into the basic structure of these companies, as well as comparisons between MLMs and traditional marketing. This is supposed to be informative, and even though it is ASMR I hope other people will listen too! I will not be mentioning an specific multi-level-marketing companies, I will be going into specific companies in my next videos with the series!

ACCORDING TO THE FTC, 99.6% OF PEOPLE IN MLMS LOSE MONEY OR DON’T MAKE ANY.

TIMESTAMPS:
5:25 - Defenition of Multi Level Marketing
10:20 - Why would a company choose to use the MLM structure?
20:25 - Tradtional Marketing vs Multi-Level Marketing
21:15 - Franchise vs Multi Level Marketing
24:12 - Why would someone join an MLM?
28:45 - Are MLMs Pyramid Schemes?
32:50 - The consequences of joining an MLM


Resources:

https://www.consumer.ftc.gov/articles/0065-multi-level-marketing-businesses-and-pyramid-schemes
https://www.ftc.gov/tips-advice/business-center/guidance/business-guidance-concerning-multi-level-marketing
https://www.investopedia.com/terms/m/multi-level-marketing.asp
https://loanstreet.com.my/learning-centre/multi-level-marketing-explained
https://www.ftc.gov/sites/default/files/documents/public_comments/trade-regulation-rule-disclosure-requirements-and-prohibitions-concerning-business-opportunities-ftc.r511993-00008%C2%A0/00008-57281.pd

Find out if a company is an MLM:
https://isthisanmlm.com/

Some other cool MLM sources to check out:

Season 1 of "The Dream" Podcast (an amazing mini-seires looking into Multi-Level Marketing companies, and even experiment with joining one.) https://www.stitcher.com/podcast/stitcher/the-dream

John Oliver's segment on Multi-Level Marketing Schemes: https://youtu.be/s6MwGeOm8iI

Pink Truth (website dedicated to Mary Kay Cosmetics, but can give very good insight on how MLMs operate):
http://www.pinktruth.com/

Kitboga does a very good job explaining what MLMs are aswell: https://www.youtube.com/watch?v=HJ4eA0-2krw