What The Shutdown Of Modere Can Teach You About MLMs
This was originally published on Ragged Riches.com
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Have you ever been part of an Multi-Level Marketing company? If so, you're like me and you've been preyed upon. They're basically pyramid schemes that are legal only due to a single loophole that has been lobbied into staying open.
Modere is one of the many, many MLM companies that has recently shut down, following major names like Epicure, Monat, and Paparazzi Accessories. This particular MLM focused on one of the most widely-sold genres in the MLM scam worlds: "healthy lifestyle products."
If you're like me, you've watched MLMs victimize people who were highly vulnerable. You've seen the financial damage MLMs do and how quickly upper management will turn on their own. It's brutal, and yet, there's a story to be told.