MLM

Multi-Level Marketing

A business model that relies on a network of individuals to sell products or services. It typically involves a hierarchical structure where individuals at the top recruit new members, who, in turn, recruit others, creating multiple levels or tiers. Each level earns a commission on the sales made by their recruits, creating a pyramid-like structure. MLM companies often promote financial independence and the opportunity to build a business from home. Still, they have faced criticism for resembling pyramid schemes, which can be illegal in many countries.

• Abbreviation: MLM