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More MLM: Insurers, Fraud MLMs and Videos

Deepak Shenoy1 min read
Quick Facts
What is "More MLM: Insurers, Fraud MLMs and Videos" about?
What category is this article in?
General
Who wrote this article?
Deepak Shenoy, Capitalmind's research team.
When was this article published?
Published 18 August 2010.
How long does this article take to read?
1 min read
What topics does this article cover?
MLM

I’ve been getting a dramatic number of emails regarding the Multi-Level Marketing article. Some comments:

  • From @monikahalan – a Mint write up about how Insurance agencies were trying to copy this MLM model by making people buy policies but get kickbacks as they sold the concept to others.

  • A couple of people asked me to consider http://www.rcmbusiness.com which supposedly is a “better” MLM scheme. While the products look inexpensive, I have no idea how good they are, and their incentive schemes are quite biased towards getting more people on board.

  • Oh and it seems there was something called Japan Life Mattresses – sold for 1 lakh – where the idea was again MLM. A number of people fell into the trap, and the owner Vasant Pandit basically said “too bad”. (Oh, he’s seriously connected, this guy)

  • Two excellent videos by CNN-IBN investigating how MLM companies have cheated consumers in the past. (One, Two)

Tagged:MLM