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We were excited to bring you the latest installment of our Financial Sense¢ program, and last week, we had an engaging and thought-provoking topic in store for you.
In a world where side hustles had become the norm, it was essential to navigate the landscape with informed decisions. Last week, we dove into the realm of direct selling and multilevel marketing, exploring the promises, pitfalls, and potential of these business models.
We joined you as we unraveled the fascinating history of multilevel marketing, from its disputed origins to the emergence of giants like Nutrilite, Avon, and Amway. These companies had offered individuals the tantalizing prospect of generating substantial income by marketing popular products to their network of friends and family.
Did you know that some renowned companies such as Avon, Electrolux, Tupperware, and Kirby initially embraced single-level marketing, only to later adopt multilevel compensation plans? This evolution prompted important questions about the effectiveness and ethical considerations of these compensation structures.
As we had members from the community share their current experiences, we promised to share their contact info.
to be updated
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You can access the recording here at the bottom of the blog or visit our facebook or youtube channel and look for the live links.