Why You Can't Ban Pyramid Schemes? Multi Level Marketing (MLM) Explained

What are MLMs, Pyramids, and Ponzi schemes or scams? It’s an interesting question, especially considering the ongoing controversy between YouTubers Sandeep Maheshwari and Vivek Bindra. Let’s step back a little
and try to understand what exactly is multi-level marketing, is it legal or illegal, if it’s illegal, how can people still fall for such scams? All this with some interesting and fun examples in this episode of FutureIQ.

Books mentioned in the episode:
Get rich slowly: https://tapthe.link/GetRichSlowlyBook

More videos for you:
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How internet works: https://youtu.be/LLpGtWpr28I
Epic science breakthroughs: https://youtu.be/m2ul_1KYXpA

Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant

Listen it on the podcast provider of your choice:
https://tapthe.link/FutureIQRSS
Watch other episodes of The FutureIQ podcast:
https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v

Chapters:
00:00 The scam
00:38 Example
01:50 Amway example
03:50 Legality
04:15 The problem
05:08 Pyramid schemes
06:30 Ponzy schemes
10:10 Vivek Bindra and Sandeep Maheshwari controversy
12:00 Another example & more data
13:22 How to not fall for pyramid schemes

#futureiq #mlmbusiness #pyramidscheme