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crazymac:
As I understand it, the difference between MLM and pyramid schemes, are essentially that with MLM you hold no stock! You sell the product then order for the customer but the pyramid scheme you buy the stock then try and sell it to someone else for more money! Then they try and sell it on to another for more money and so on!!

V8MoneyPit:

--- Quote from: crazymac on March 25, 2010, 22:43:21 ---......................but the pyramid scheme you buy the stock then try and sell it to someone else for more money! Then they try and sell it on to another for more money and so on!!

--- End quote ---

That sounds like just about every retail business on the planet though. Top of the pile is the raw material supplier, then the manufacturer, then the wholesaler, then the retailer...... then the eBayer!!

Obviously, the first two layers are adding value, but the wholesale and retail relationship is just as you describe a pyramid scheme.

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