The MLM industry has grown significantly, with companies like Suntech expecting profits to quadruple to $8 million.

Suntech has 50,000 merchants, 15 million users, and partners with PM-International and Tsingshan Group.

Some MLM companies, like Avon and Tupperware, have been in decline for decades.

The MLM industry generated 98 billion yuan in 2020, with 3.5 million new distributors.

The industry has faced criticism, with companies like LuLaRoe, which paid $4.75 million to settle a lawsuit in 2021, being sued for operating as pyramid schemes.

LuLaRoe's business model prioritizes recruiting over sales, causing financial losses for some consultants.

Multi-level marketing companies target individuals during economic instability.

People from low-income backgrounds are drawn to multi-level marketing companies seeking quick money and financial stability.

Financial struggles can make high monthly income and financial freedom very appealing.

Multi-level marketing companies often use psychological manipulation to recruit participants, exploiting their emotional vulnerability.

The COVID-19 pandemic has had a mixed impact on the MLM industry, with some companies thriving and others declining.

Technology, like virtual offices and digital tools, has helped MLM companies adapt to the pandemic.

About 90-99% of people in multi-level marketing schemes lose money.

MLM companies often require significant upfront costs, such as Trades of Hope's $150 buy-in and monthly website fee.

Most people in MLMs are not salespeople and often end up in debt.

To avoid multi-level marketing companies, beware of promises of unlimited income and high-pressure sales tactics.

Verify a company's registration with relevant authorities, like the Bank of Russia, before investing or participating in their business.

Informing the public about multi-level marketing scheme risks can help prevent fraud through resources like job search platforms and social media.

The MLM industry has grown significantly, with companies like Suntech expecting profits to quadruple to $8 million.

Title:

Content: SUIC, Midas's Partner Suntech Has Successfully Introduced Customized Products and Services To Its VIP Multiple Level Marketing Companies. Suntech Estimates To Quadruple Profits to $8 Million. SUIC Midas Will Partner With 20 Global PSP Partners in 2022 To

Autor: Accesswire
21.09.2021, 12:00  |   |   |

NEW YORK, NY / ACCESSWIRE / September 21, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) and Midas Touch's PSP partner in Taiwan, Suntech, has successfully introduced the four products and services to its existing VIP MLM customers. …

NEW YORK, NY / ACCESSWIRE / September 21, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) and Midas Touch's PSP partner in Taiwan, Suntech, has successfully introduced the four products and services to its existing VIP MLM customers. Suntech estimates To quadruple profits to $8 Million. SUIC Midas Touch will partner with 20 global PSP partners in 2022 to promote these products and services.

Suntech Taiwan is the largest Taiwan O2O Company, with over 50,000 Merchants and 15 Million users. Suntech Taiwan is going to lead these VIP MLM companies' enterprise-wide business transformation and design exclusive product and service packages. These MLM companies include: PM-International, Taiwan, which is a branch of PM-International AG, Luxembourg. It has more than 30 subsidiaries in more than 40 countries. It provides high-quality nutritious and fitness foods and beauty care products carried through its own brands. PM-International has been recognized as one the Top 100 Direct Sales companies worldwide and is currently ranked 10th in 2021; and the Tsingshan Group of Companies has ten major business groups with a global scope covering more than 30 countries around the world. The holding group has captured the focus of major international media. Among the accolades it has gathered over the decades, its biotechnology company has received high recognition and won, among others, the Taiwan Biotechnology Award, the Taiwan's No. 1 Brand Award, and the Taiwan Golden Quality Award.

"Thanks to the breakthrough innovations and products of SUIC, Midas Touch, Suntech is estimating an increase in net profits to four-fold, expected to reach $8 million on its $1 billion sales turnover. Midas Touch products and services provide instant, emergency funds for our partner merchants and customers. This has been a big success especially during this critical period of pandemic. We are set to increase customer lifetime value with our advanced DeFi business models and strategies," says Joa Chen, Suntech's General Manager.

SUIC Midas is now finalizing and identifying additional 20 PSP partners this year through 2022, with over two million merchants that will bring an aggregate sales turnover of $20 billion, generating $8 million profits for each of the PSP partners as a result. SUIC Midas Touch will fully support these 20 PSP's to earn a total of $160 million in net profits and achieve a total $20 billion in aggregate sales turnover.

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SUIC, Midas's Partner Suntech Has Successfully Introduced Customized Products and Services To Its VIP Multiple Level Marketing Companies. Suntech Estimates To Quadruple Profits to $8 Million. SUIC Midas Will Partner With 20 Global PSP Partners in 2022 To NEW YORK, NY / ACCESSWIRE / September 21, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK:SUIC) and Midas Touch's PSP partner in Taiwan, Suntech, has successfully introduced the four products and services to its existing VIP MLM customers. …

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Suntech has 50,000 merchants, 15 million users, and partners with PM-International and Tsingshan Group.

Some MLM companies, like Avon and Tupperware, have been in decline for decades.

Title:

Content: 'Direct Selling' - Avon, Tupperware - Is Extinct

Nov. 18, 2022 11:25 AM ETHLF, MED, NTCO, NUS, PRI, TUP, USNA3 Comments
Robert FitzPatrick
394 Followers

Summary

  • Direct Selling became obsolete generations ago. So how is it that millions today get recruited for "income opportunity" in "direct selling" and billions are traded on "direct selling" stocks?
  • Avon and Tupperware are cited by "multi-level marketing," or MLM, promoters as "proof" that MLM, e.g., Amway, Herbalife, is "direct selling."
  • Usable data on actual income and churn rates of MLM "direct sellers," market saturation, and retail sales to actual customers are not provided.
  • In fact, Avon and Tupperware for years have been walking dinosaurs, still trying to do "person-to-person" sales to end-users with commodity products, while MLMs hype "unlimited" income.
  • The shrunken and devolved state of Avon and Tupperware today reveals that direct selling is extinct. MLM is not, and never was, direct selling.

It is generally accepted that "direct selling" was killed off generations ago by mass merchandising, big box stores, mail-order and then the internet, among other societal changes. The "Fuller Brush man" is long gone. No one's at home. No one wants or needs or has time for a "personal" salesperson. Everything's in stores or online. And, even when "direct selling" still lived, no one ever went into that tough line of work thinking they would get rich from it.

Yet, each year, millions are recruited, and pay thousands, for the "opportunity" to work as "direct sellers," with promises and expectations of "unlimited" income. The number involved today is many, many times greater than ever worked in that "extinct" field decades ago. Billions are being traded on Wall Street for shares of "direct selling" companies. How can this be?

In my book, Ponzinomics, the Untold Story of Multi-Level Marketing, I document the death of "direct selling" and the 1945 invention of "multi-level marketing," or MLM. I describe how "MLM" falsely assumed direct selling's revered old identity. I trace MLM from its Adam, a little California-based company called "Nutrilite," to today's "industry" led by Amway, Herbalife (HLF) down 64% YTD, Nuskin (NUS) down 31%, USANA Health Sciences (USNA) down 49%, Primerica, Inc. (PRI) down 13%, and Medifast (MED) down 45%. MLM's financial solicitations for consumers to become "direct sellers" have reached into – and led to losses for – virtually every household in America.

In the newly invented "MLM," the main source of revenue shifted from end-user customers to the salespeople themselves who are incentivized to "be their own customer" by buying their own products. Obviously, no one makes money purchasing their own inventory, but MLM offered a unique reason to do so – "unlimited" income potential.

No More Need to Knock on Doors

All MLM "direct sellers" can potentially gain "unlimited" income by recruiting an "endless" chain of other "direct sellers." No need to pound the pavement and get rudely rejected at front doors any more. Each "direct seller" on the chain has to meet a quota to "qualify" for future rewards from their recruits who, in turn, are their "own customers" and recruiters too, ad infinitum. The chain can grow without continuous personal effort. The qualifying quota can usually be met by just making a personal monthly purchase of inventory. "Commissions" on all these transactions, all the way down to the "last ones in," flow up the chain. In the MLM pay plan, most of the total commissions go to the top 1%. So, all new "direct sellers" try mightily to recruit (and buy) their way to those top ranks. Of course, only a tiny few can ever be at the top.

Some people argued this is a pyramid recruiting scheme, inherently unfair and deceptive, and a counterfeit of direct selling. In the design and the pay plan, bottom ranks – the vast majority – will inevitably lose. They said constantly adding salespeople in any area destroys profitable retail selling potential, if any exists to start with. They cited data on 90-99% loss rates and huge churn rates among new "recruits" and asked, where are the retail "customers"?

While offering no data on retail customers or salespeople losses or market saturation, MLM promoters offered "proof" that MLM is direct selling by pointing to two long-established and respected direct selling companies in their ranks, Avon and Tupperware (TUP). Both companies were members of the Direct Selling Association, DSA, and both were "direct selling" icons, Avon for its "ladies" and Tupperware for its "parties." To any pyramid scheme accusations, MLM promoters indignantly countered: "Are you calling Avon and Tupperware pyramid schemes?"

Walking Dinosaurs

The truth for both companies is very different from the MLM-spin. Avon and Tupperware used to have differentiated products and real consumer demand. Their salespeople made money from their own retail sales. But moving into the 21st Century, Avon and Tupperware became walking dinosaurs, vestiges of the extinct era of "direct selling." They were still trying to base their businesses on their historical brands and on person-to-person retail sales to real customers, as direct selling companies always used to do.

Despite MLM's citing Avon and Tupperware, and thereby bestowing legitimacy on the "MLM" members of the Direct Selling Association, deep differences between those icons of the old era and MLM burst into public view in 2013-14. The two companies publicly quit the Direct Selling Association, charging ethics violations and DSA-member connections to pyramid schemes.

Avon's Long Good-Bye

Avon had been a true direct seller for decades before MLM was invented. But as the door-to-door model faded, Avon began a long decline. In 2000, Avon began shifting its focus to "incentivizing" salespeople to recruit more salespeople and getting them to buy inventory, MLM-style. In 2009, during the Great Recession, Avon ran its most expensive ad in history, on television during the Super Bowl. The ad never mentioned any Avon products! It only solicited "salespeople." Still, global revenue dropped continuously over the next 10 years. Avon stock value fell from over $30 to just over $3.

Finally, Avon split off its faltering North American business and sold it to the Korean company, LG Household & Health Care. Avon claimed to have 250,000 sales representatives in North America. The remaining global business was later sold to the Brazilian MLM, Natura (NTCO) down 50% YTD, which also owns the retailer, Body Shop. Though Avon global was much larger, Avon shareholders traded 3 shares of Avon for just one in Natura.

The Korean-owned segment of Avon in North America is now classic MLM, selling the proverbial MLM "income opportunity" along with "health" supplements, make-up, jewelry, clothing, scented candles, even toothpaste.

On the Canadian Avon website, Avon promotes the "income opportunity," urging prospects in large bold black type: "Think big. Sell Avon part-time, full-time, you decide how much! It’s your business, your way!"

A disclosure (legally required in Canada, but not in the USA) appears midway down a long webpage in tiny, barely visible gray lettering: "The 2020 earnings of a typical Avon Leadership Representative was between $0 and $2,620 in commissions and bonuses." That's $0 to $50 a week, before subtracting all costs! And the "disclosure" does not break out how much of that tiny return comes from personal sales or the "downline."

Avon quietly rejoined the Direct Selling Association. The Brazilian company, Natura, which took over Avon's global business in 2020, has lost over 60% of its stock value in the last year.

Tupperware on the Brink

Tupperware was one of the first "party plan" companies, which are technically a small subset of MLM. They employ an "endless" recruiting chain, but are more rooted in retail sales transacted at "parties." Tupperware used to have a popular brand with innovative, differentiated products. But, as true direct selling began to disappear, Tupperware went into decline. It added MLM-type "health and beauty" commodities to bolster recruiting appeal but then deleted them. This year, it began also selling its products in Target department stores. Its kitchen-related goods are generally not distinct from other brands. A 10-months "Income disclosure" for Canada (not published in the USA) showed that half the "party planners" were classified "inactive," earning less than $30 for the period on average. 94% of the "active" ones reportedly received about $12 a week on average, before expenses.

In the last 5 years, the stock value of Tupperware has dropped over 90%. Its latest financials warned investors the company may violate loan agreements, setting off speculation Tupperware might declare bankruptcy.

The shrunken and devolved state of Avon and Tupperware, the most famous brand-icons of "direct selling," makes citing them as a defense of "multi-level marketing" as extinct as their old business model.

This article was written by

394 Followers
Robert L. FitzPatrick is the author of the new book, Ponzinomics, the Untold Story of Multi-Level Marketing (2020),the first comprehensive history and analysis of the "MLM" phenomenon, addressing its political influence, propaganda techniques and use of cult persuasion. FitzPatrick is an expert in examining and revealing deception and fraud in Ponzi schemes, pyramid schemes and bogus home-based businesses. He served as expert or consultant in more than 30 court cases involving pyramid schemes and multi-level marketing. He is co-author of False Profits (1997), an examination of the values and beliefs that support the delusions of pyramid schemes. He was featured on NBC Dateline, ABC World News, and CBS 60 Minutes, the documentary film, Betting on Zero and the podcast, The Dream.He has been quoted in many newspapers around the world, including the New York Times and Wall Street Journal. His booklet, Pyramid Nation, has been translated to Chinese and used by government regulators in writing China's first laws on pyramid schemes. His booklet, "The 10 Big Lies of Multi-Level Marketing", has been translated into four languages and posted on numerous websites. His White Paper, "The Main Street Bubble", which details the extensive influence-buying of the direct selling industry was featured in a CNBC Documentary, Selling the American Dream. In 2005, he delivered a seminar to in Colombo, Sri Lanka to central banking representatives from that country as well as India, Bangladesh, Bhutan, Maldives and Nepal. Robert FitzPatrick has developed informational resources for consumers, journalists, academics and regulators including a multi-media PowerPoint presentation and a statistical analysis of the losses suffered by participants in pyramid selling schemes. He also published a widely read booklet on the landmark federal case brought against the Amway Corporation. He is a expert network member of GLG Research, and Coleman Research Group, as well as other networks of experts who are referred to clients for consultation, speaking and report writing. In this capacity, he has provided expert consultation to financial many analysts who sought information about multi-level marketing companies and pyramid and Ponzi schemes. Robert FitzPatrick co-founded and serves as president of Pyramid Scheme Alert, the first international organization to expose and prevent pyramid scheme fraud. He personally responds to hundreds of consumer and news media inquiries each year. He has served as consultant and expert witness for Attorney General or State Attorney offices in four states, the US Dept. of Justice, and in numerous cases involving distributor fraud and pyramid schemes. Robert FitzPatrick is not an investor in multi-level marketing companies. He has never owned and never plans to own stocks of multi-level marketing companies. He has never been compensated based on any stock's performance. He does not offer investment advice and he is not an attorney.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article is for educational purposes only. It discusses fundamentals of the "direct selling" business model and the evolution of "multi-level marketing."

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The MLM industry generated 98 billion yuan in 2020, with 3.5 million new distributors.

Title:

Content: [Street Industry Watch] In the Year of the Pandemic, many people joined the "marketing" to pull down the line, but nearly half of the revenue was used to pay "multi-level" commissions.
Photo Credit: Central News Agency
What we want you to know is
At the same time, the body product channel and product spokesperson can further bring the "offline", which is the start of expanding the business and crossing the threshold of receiving commissions.
But this threshold seems easy, but not everyone can climb, because whether it is old or new distributors, most of them only contribute to the commission of the supporting role......
In the summer of 2020, it is supposed to be the graduation season of college students and the time when social newcomers are pouring out of the cage, but I saw a youthful face at a few lively junctions in the business district of Banqiao, and started the work of “listing people ” for housing construction.
Single-handed advertising placard, carrying a backpack leaning against the road light pole, the other holding a thin, seemingly split reference book, on the hot sun, earning the card holder's hard hourly salary, and paving the way for future job hunting.
When a PT (Part Time, Part-time, Part-time, Part-time) job that was originally labeled as a middle-aged, second-degree employment face, there were many young faces, can not help but make people shiver in the heat of the day!
The virus has hit households and disrupted the job market, affecting youth employment.
We have to admit that the epidemic has disrupted the pace of new people entering society and seeking jobs. Although it is at a time when the virus has not really invaded the door, the job market has been chaotic.
According to the Ministry of Labor ’ s “Youth Employment Status ” report, there are about 280,000 college graduates in 2020, a decrease of 5.4% compared to 2019. This reflects not only the decrease in the number of children and the decrease in the number of college students, but also the explosion of life extension in 2020. If further deduction is further deducted, the number of people who can work (including military service) is a low of nearly 5 years (223,000), a decrease of 12% compared to 2019. And...
As of the end of January 2021, only 68.3%, about 152,000 people, of the post-secondary students who graduated in 2020 and are working people, joined the ranks of labor / agriculture / public insurance, which is not only a low point in the past five years, but also a decrease of 24% compared with the previous year.
In other words, there are many college graduates, after more than half a year of job search, still have not successfully entered the workplace; the pressure of job search and living economy, so that they have to make very choices in this extraordinary period.
The job market is cold, and marketing continues to expand its organization, becoming a potential employment option for new people in society.
In 2021, the virus officially "invaded the door" in May, before graduating from college in the new year.
The alert of the epidemic, so that this year's job market has a cold wind, but also the unemployment rate in July this year (4.53%), blowing up the same period of high in the past decade, recently graduated social fresh people, inevitably have to face the fear of graduation, namely unemployment.
However, there is a saying in the workplace: Despite the economic downturn, business jobs such as insurance and distribution are always recruiting.
If this is not true, we can try to turn off or turn on the query function of the above industries on the job search platform to achieve a full personal experience.
However, in 2020, the number of people registered for the personal insurance business survey (85,000) increased by 5% compared to the previous year, and the number of new entrants to the marketing business is also a million people.
This is the type of occupation that people need to earn life, some people are joining is no retreat, but some people are carrying a dream forward, but the dream is very rich, the reality is very bones, when we dream in the winter, do not forget to pragmatically understand the mode of operation of the industry.
Today, let ’ s talk about selling!
Most people's stereotypes of marketing remain in the "brainwashing" of marketing conferences, constantly inculcating that this is a "personal business," getting rid of being hired as social animals, and directly attacking the freedom of wealth, and in addition, trying to give individuals the self-esteem and ability to think independently, suggesting that "thinking for themselves, not having to discuss with others."
Perhaps, some people have experienced this process of marketing to pull members off the line, some people join, some people feel that it is a "cult", but making money, quality of life, and self-empowerment (Self-empowerment) these material and psychological skills, is indeed for most people have a certain hypnotic effect.
However, most of our understanding of marketing is just the “recruitment ” discourse, and we do not have a deep understanding of how it works.
Perhaps, when we understand the logic of the industry, we can better understand why the so-called brainwashing conference is a starting point for marketing recruitment.
Multi-level marketing requires multiple distributors as sales and marketing channels
According to the Fair Trade Commission ’ s “Multi-level Marketing Business Development Survey ”, nearly 3.5 million distributors (each“ individual ” who joined members or purchased goods is an independent distributor) of 314 marketing entities (such as Anli, Ruxin, etc.) in 2020 generated a turnover of 98 billion yuan, a slight increase of 5% over the previous year. In contrast to the population over 20 years of age (more than 19.4 million people), about one in six people join the ranks of distributors.
Since all distributors replace all types of retail channels, they not only have the function of the channel, but also have the function of marketing, that is, word-of-mouth marketing, so whether they emphasize themselves as retail (sales) orientation, product recommendation (head-pulling) orientation, or emphasis on membership, they are ultimately based on "people" and "organizational hierarchy".
And the product channel and marketing costs saved by the marketing business are converted into the commission of the distributor.
Therefore, when we contact distributors and ask them why they are involved in the marketing industry, they will almost unanimously reply, "The product is great!"
Distributors continue to pay for new members by pulling down the line, expanding the organization and expanding the commission
That being said, it ’ s one thing to see how great a product is in the domain of a distributor, and constantly adding new blood is the highest goal for continuous marketing, expanding the organization, and increasing revenue and commission revenue.
Similarly, according to the Fair Trade Association report, the number of new entrants to the market in 2020 is about 1 million, and for the past five years, the number of new entrants has remained at around 1 million each year.
And in 314 marketing businesses, 96% of the joining system is to take "conditional join", of which, the most important is "order goods" (62%), "pay a deposit or membership fee" (59%), so "conditional join" is not only contributing to the marketing business and the top level of the sales (the one who pulls you in), but also contributing to the level of the commission.
In contrast, if someone joins, someone exits. The number of MLM merchants who quit in 2020 is about 450,000, and the number of exits in each of the past five years has been around 400,000 to 500,000.
The main reason for exiting is “non-renewal of contract ” (83%), which means no longer operating, no longer consuming, and the product is no longer considered“ great ”.
However, in this process, there will always be new blood distributors who will contribute to the expansion of the organization and the commission generated after the consumption of the product.
Whether old or new distributors, most are only supporting players who contribute commissions
As has been mentioned, the distributor at the same time with the product channel and product marketing (endorsement) people, their own recognition of the product, use, and purchase, to become a new member of the body and teaching.
Of course, once you can further bring in new members, new distributors, or offline, it is the beginning of expanding your business and crossing the threshold of receiving commissions.
It seems that the threshold is easy, but not everyone can climb it.
According to a survey conducted by the Fair Trade Association, 222 of the 314 marketing businesses (about 70%), and more than 60% of its distributors will make stable orders to the company; however, only 27% of all marketing companies (about 960,000 people) receive commissions, and the average commission per person is 45,000 yuan.
Therefore, most distributors who order goods either maintain their status as distributors by buying products, or sincerely recognize and continue to use the products; and by bringing in new distributors, order sales, and achieve a commission threshold, and can earn a stable salary or even become rich in this industry, not only are rare, but also the successful cases seen in various conferences or education and training survivors. "The Beautiful Misunderstanding We Have".
It doesn ’ t matter if the product is worth the price
In addition to the threshold, this kind of personal marketing and sales channels, to achieve the "multi-level" (that is, constantly expanding the organization down the line) of the business of distribution, not only eat personal interpersonal skills, "multi-level" commission distribution will indirectly increase product prices.
According to a survey conducted by the fair society, the import cost of the pyramid scheme business accounts for only 28% of the turnover, but the commission accounts for 44% of the turnover, in other words, the real cost of selling a commodity of $100 is only $28, $44 is used as the commission of the pyramid scheme business, and the remaining $28 is the administrative expenses and profits of the pyramid scheme. Whether the essence of a product is value for money is one thing, the marketing business will compress its own profits, expand its commission expenditure, and recruit and expand the organization with a strategy of large is beautiful, so that we can find: there are so many people who have joined the ranks of marketing!
Marketing has always been a very special industry, in which a small number of people have been able to earn their fair share of commissions, and become the mainstay of business operations, but the vast majority of people are only a supporting part of this multi-level marketing structure, and by paying membership fees, buying and using products, they become a part of the source of commissions.
Back to the intention of writing this article, no matter how difficult the job search for new people in society during the epidemic, I hope that by understanding the operation mode of an industry, I can assess whether to use the marketing industry as the first job to enter the society.
Through the Fair Commission report, we have gained a profound understanding, no matter how many of these people successfully earn high commissions and create successful careers, this data is hinting at us: if this industry is the main occupation, not only requires a certain degree of interpersonal relationships and skills, there may be a period of social novices can not understand life or career experience.
Source: Ministry of Labor “Youth Employment Status ”, Fair Trading Commission“ Multi-level Marketing Business Development Survey ”
Extended reading
Editorial responsibility: Ding Zhaojiu
Editor ： Weng Shihang
Tags:

The industry has faced criticism, with companies like LuLaRoe, which paid $4.75 million to settle a lawsuit in 2021, being sued for operating as pyramid schemes.

Title:

Content: Living

How LuLaRoe cost some women their homes, cars, savings, and marriages

In 2015, Roberta Blevins was a busy hairstylist, traveling between San Diego and Los Angeles for work — and struggling to find balance between her career and co-parenting a four-year-old and nine-year-old.

Then she heard about LuLaRoe from a Facebook mom’s group. The California clothing company — known for its brightly patterned leggings and dresses — offered sales consultants a way to “earn full-time income for part-time work” from the comfort of their own homes.

For Blevins, it sounded like a dream come true.
 “I could sell leggings,” Blevins, now 40, remembers thinking. “It’s so easy. Everyone wears them.

“What I know now is that it was a scam,” she told The Post.

From 2014 to 2019, LuLaRoe leggings were pervasive on social media — slavishly peddled by women seeking the holy grail: setting their own hours and working from home, with the promise of big money. It was a classic multi-level marketing set-up — or, as the Washington State Attorney General’s Office claimed in a 2019 suit against the company, a “pyramid scheme.”

It’s now the subject of “LuLaRich,” a four-part docuseries streaming on Amazon Prime that offers a look inside the brand’s explosive growth and how it led to fraud accusations, lawsuits and, ultimately, consultants losing money, cars, homes and even their marriages.

Directors Jenner Furst and Julia Willoughby Nason also made “Fyre Fraud,” a Hulu documentary about the notorious 2017 musical festival, and say the subjects have a lot in common.

Both stories are filled with “delusions of grandeur — and this type of incessant entrepreneurship that is promoted from influencers to [strangers] on Facebook,” Nason told The Post.

By September  2017, just a little over a year after she signed on, Blevins — who hosts the podcast “Life After MLM” (as in multi-level marketing schemes) — had seen the light. LuLaRoe was a pyramid scheme selling empty girl-boss dreams. She quit.

“There were red flags from the beginning,” Blevins said.

LuLaRoe sprang from humble beginnings. Around 2012, DeAnn Stidham — who previously organized clothing parties for retailers — started selling homemade maxi-skirts from the trunk of her car.

Within five months, the vivacious Californian had moved 20,000 pieces, she says in the docuseries. In 2013, DeAnn met a woman in Utah who said she could unload a bunch of the skirts to her friends.

DeAnn called her husband, Mark. “[I] said, ‘What can I do to make it valuable to her?’” she says in the docu-series. His advice: “You sell them to her … and she gets to make double the money [selling them to her friends].

“It was instant cash and instant opportunity,” she added.

That woman became the first sales consultant for LuLaRoe, which is named for  the Stidhams’ granddaughters Lucy, Lola and Monroe.

While old-school multi-level marketing brands like Tupperware or Amway were all about women — often, stay-at-home moms — hosting parties to push product and recruit other women as sales people under them, recent counterparts such as the skincare line Rodan + Fields  rely on social media. Even the actress Ione Skye got into multi-level marketing a few years ago, selling Doterra essential oils with her singer husband Ben Lee and promoting them on Instagram and YouTube.

Consultants took to Facebook to advertise LuLaRoe leggings parties and flaunt the financial freedom, big homes and fancy cars their new gig provided.

The message spread like a wildfire. By 2016, LulaRoe had raked in more than $70 million.

It worked like this: Once a woman’s — or, sometimes, a husband-and-wife team’s — application was accepted, they paid the start-up costs (as much as $15,000) and started hustling the clothes. Typically, they marked the leggings up to $25, after having bought pairs for $10.50 each wholesale.

When Blevins joined in February 2016, buying in for an initial fee of $9,000, there was a leggings shortage — so she had to shell out more money to buy them off other consultants.

At the time, eager wannabe consultants were waiting anywhere from 90 to 100 days for approval because the company didn’t have enough manpower to keep up with demand.
LaShae Kimbrough, 43, was part of the onboarding team. She’d collect new consultants’ money — which desperate women raised by any means necessary, including taking out loans, opening zero-interest credit cards and even selling their breast milk.

Kimbrough 43, told The Post that her team was bringing in at least a $1 million dollars a day.

Consultants were compensated for recruiting new sales people to their teams. They received a cut of onboarding costs paid by their protégés who, then, brought in people under them.

In the docuseries, married couple Tiffany and Paul Ivanovsky said that, at one point, they had 1,100 people on their team and raked in anywhere from $22,000 to $42,000 a month in bonuses over the course of a year.

While the gospel of LuLaRoe spread coast to coast, the company at large was flying by the seat of its pants. The Stidhams, who have 14 children between them, installed their inexperienced offspring in executive roles.

“Did any of them have a clue how to run a company of this size? No,” former employee Derryl Trujillo says in the film.

Blevins grew skeptical when she started receiving shipments with damaged leggings — including wet pairs that she described smelling like “chlorine and death.” On Facebook, more customers were posting about how their LuLaRoe clothing was ripping on the first wear.

Sources in “LuLaRich” say it was emblematic of larger issues  — like inexperienced leadership and growing too big too fast, which led to shoddy production.

“It was like flying the plane while you’re still building the plane. And you don’t even know how all the pieces of the plane work. And you don’t even know how to fly the plane. You’re not a pilot,” said Sam Schultz, DeAnn’s nephew and former employee. He was hired to produce company cruises and retreats where acts like Katy Perry and Kelly Clarkson performed.

On one cruise for top sellers, Blevins complimented a fellow consultant on how good she looked in a swimsuit. “She said she had gotten ‘the weight loss surgery’ in Tijuana,” Blevins recalled. “She called over a mentor leader who told me all about it.”

According to former consultant Courtney Harwood who appears in “LulaRich,” DeAnn pressured top performers to travel to Tijuana and undergo gastric bypass surgery performed by her own doctor.

For Blevins, who was growing wary of a culture that was similar to religious fanaticism, it was another reason to defect. “I was like, ‘How do I get away from this conversation? Do you really think I need [the surgery]?’. That whole trip was very culty.”

Kimbrough believes DeAnn was feeding off other women’s money, hard work — and their adulation. “[DeAnn] was able to come up with a recipe to have people groveling at her feet. I give them credit for it because it happened for a long time, and they made damn good money.”

Eventually, there were more consultants than interested buyers. The market was too flooded  to turn a profit.

And the lawsuits had started pile up — numerous ones over copyright infringement, claiming LuLaRoe stole artwork to print on leggings. A 2017 class-action lawsuit challenged the company’s return policy, with customers alleging the leggings were poor quality. The brand was also sued by a former supplier  over unpaid bills

As morale started to wane, the brand implemented a policy where consultants could send back stock for a  refund of their wholesale costs. The change led to an exodus.  “I believe LulaRoe paid over a hundred million in refunds during that time,” Blevins said.

She added that the cancellation of that policy, in late 2017, led to her breaking point because she couldn’t handle people on her team saying they were going to lose their homes if they couldn’t get refunds.

In 2019, the attorney general of Washington state filed a suit against LuLaRoe saying it was a pyramid scheme that bilked thousands of people out of millions of dollars. The case was settled in 2021, with the brand paying $4.75 million.

When all was said and done, Blevins shelled out over $78,000 for inventory and sold about $83,000 — a $5,000 gross profit. She earned about $65,000 in bonuses for signing up other women, something she now regrets. But she also took out a loan to buy the clothes and still has credit-card debt.

Harwood, who was one of the top consultants, had purchased a new house and matching Chevy Tahoes for her and her husband — all to keep up appearances and look successful on the LuLaRoe food chain, and because she believed the money would keep rolling in. When she left in 2018, she had to file for bankruptcy, losing her home, vehicles and even her marriage.

“I thought I was better than everyone else,” she tearfully says in the series.
Consultant Ashleigh Lautaha, who left the company, says in the doc that she got so wrapped up in the LuLaRoe culture that she only had time for either her family or her job. Her marriage broke up.

“The company got bigger than [the Stidhams], and what they could keep up with,” co-director Willoughby Nason said of the couple. “They were putting out fires left and right.”

But she also sees how desperate women got caught up in the drive for success.
“There was a corrosive element of greed that was beyond them.”

LuLaRoe's business model prioritizes recruiting over sales, causing financial losses for some consultants.

Title:

Content: Cult Classics

You need to watch the most compelling cult docuseries on Amazon Prime ASAP

“Oh my god, I’m in a cult”

What do you think of when you think of cults? Drinking kool-aid, singing hymns, maybe some weird mind control?

Well, while those elements certainly are present in several cults, some of the largest active cults are much more difficult to identify. In fact, you may not see them as cults at all. That’s what makes them so dangerous.

This 2021 four-part docuseries, now streaming on Amazon Prime, breaks down what looks like a fantastic opportunity for women and reveals the terrifying control that lies within, all wrapped in the guise of comfortable leggings.

LuLaRich follows the unstoppable rise and inevitable fall of clothing multi-level marketing company (and alleged pyramid scheme) LuLaRoe. Begun as a well-intentioned way for young women to start their own businesses, LuLaRoe quickly spiraled into a web of manipulation, nepotism, and shady legal practices.

Mormon couple Mark and Deanne Stidham founded LuLaRoe, and from the get-go, the pair established their family as unlike any others. When Deanne married Mark, she had seven children, four biological and three adopted from Romania. Mark had four children of his own. Together Mark and Deanne adopted three other children, bringing the total up to 14. (While having 14 kids is unusual enough, what is even odder is that two of their adopted children eventually married each other.)

When their startup company, which sold comfortable and loud-patterned clothes, took off in a major way, they wanted to support their family. So, they hired their children and relatives in high-powered positions.

Altogether, this is all a recipe for catastrophic growth. What makes LuLaRoe a likely pyramid scheme is how they made money not by selling goods but by recruiting others to be distributors. The company grew exponentially, and the executives weren’t able to keep up with the growth.

But what makes LuLaRoe a cult? Well, those involved are working to please and seek the approval of Mark and Deanne, even if that means selling breast milk to afford the startup package or getting a risky weight loss surgery at Deanne’s urging.

Sure, there’s no religious element to LuLaRoe (aside from the Stidhams’ Mormon teachings leaking into their business model), but that doesn’t mean they’re not a cult. Just one look at the loud, clashing patterns and huge parties run by Deanne’s nephew, and it’s clear this is a group that has complete financial control over its followers.

And that’s not all. LuLaRoe leaders urge everyone to make their social media page entirely about their business, promoting a lavish lifestyle to prove how successful they are. Every part of their life had to revolve around the company to make any profit. So, not only was LuLaRoe controlling its followers' financials, but they also had complete lifestyle control.

It’s clear Mark and Deanne didn’t set out to start a cult. They had only the best intentions, as their participation in LuLaRich underlines. But sometimes cults aren’t created; they just happen. And the worst impulses in the leaders’ personalities are brought out, whether that’s something deadly like a mass suicide or just profiting off a false idea of success.

Sure, LuLaRoe may not be your classic cult, but in a way, that’s what makes it even more insidious. Not many of us know someone who has packed up and moved to a reclusive commune, but people in multi-level marketing companies are everywhere. The line between a company and a cult seems to get blurrier by the day.

LuLaRich is now streaming on Amazon Prime.

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Multi-level marketing companies target individuals during economic instability.

People from low-income backgrounds are drawn to multi-level marketing companies seeking quick money and financial stability.

Title:

Content: Can a monthly income of 100 thousand? Public housing man to find quick money to borrow 80 thousand rich boy to be a marketing girlfriend to persuade me not to listen to the end of the breakup
Author: Anzuna
Published: Updated:
Making money to make a better life for your family and partner is certainly something to appreciate, but it ’ s also the right way to do it.
A Hong Kong woman earlier issued a message in the forum, saying that her boyfriend, who came from public housing, felt inferior to his background and was determined to make money so that she and her family could get a better life.
However, in order to make quick money, her boyfriend joined the marketing company, and borrowed 80,000 yuan from the financial company, convinced that he could build a team and make a lot of money. The landlord decided that it was a pyramid scheme, but she did not listen to her boyfriend in any way, "he thought that he was not good at this opportunity". Public discussion.
A Hong Kong girl earlier posted that her boyfriend borrowed money to join a marketing company in order to find quick money. The two eventually broke up due to disagreement.
Download “Hong Kong 01 ” App to see what ’ s happening in the city
The Hong Kong woman posted on the Dcard forum with the title "I know I have to step on it", saying that her boyfriend feels inferior to his background in public housing, and from time to time, he has worked hard to make more money in order to make a better life for her and her family, "Because he is not good at school, his job is very difficult to get to the top."
Early ex-boyfriend introduced by a friend to join the marketing company, was told that "into the go can slowly rise up, about 4 months will be a monthly income of 100,000", but to pay the entrance fee 80,000 yuan.
In order to make quick money, her boyfriend went to the finance company to borrow money to build a team. "He said that he must have money to make, but he wanted to recruit a team, and with a team, he could sit around and have money, and he thought that he was missing this opportunity to develop."
The Port Confession Full Text:
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The Hong Kong woman said that "stupid first heard that it was a fraud case", thinking that her boyfriend had fallen into the stratospheric sales trap, "I am really stuck after listening, why do people really believe in people's things, and also want that is the important person in me".
She admitted that it was difficult to accept that her boyfriend had been cheated, saying that the other party had repeatedly persuaded him not to listen, and asked her to support him, "He said that he would definitely do something to show me."
In the end, the two people broke up because of disagreement, and the Hong Kong woman could only send a message saying her heart and blessing each other. "I understand that you will do these things first because you love me and your family, and I also understand that because of you, there is no income at home, so you want to do something to not let me die."
She stated that she is now maintaining a friendship with the other person, and said that she has found a lot of evidence, hoping that the other person will understand that she has fallen into a scam, "hoping that she can really come out, and will not come back together and see what she knows."
Hong Kong Girl refers to her boyfriend who is convinced of the marketing business, and even went to the finance company to borrow money to build a team, and the two people did not agree to the final break up.
Some people think that the boyfriend alone believes in the promotion of money, has proved that he is difficult to rely on, suggesting that the landlord should forget the other person, "It is not because of stupidity, but because of greed. Greed blinded him, greed makes him feel that he is not one of the smart people to find money", "Everyone values are different, in fact, good. It ’ s hard to see what ’ s wrong with him, but he can ’ t do anything about it, and he really hates steel, so don ’ t be kind to be soft. ”
Recommended reading: Hong Kong woman inculcates boyfriend after making insurance sex change
In a recent interview with the BBC, she said that her boyfriend, who had recently entered the insurance business, had changed his temperament in the course of training, and that he only wanted to make money, and even worshipped the boss of the company, and that he was worried that his boyfriend would be too trusting or would be cheated, and even break up his six parents.
Hong Kong woman 's complaint ▼ ▼ ▼ ▼
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In the same scene, the old classmates suddenly contacted and invited to listen to the marketing seminar, eye-catching tai men a move to counter and earn a lot of business
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Recommended reading: 5 years did not see the sudden message: good to hang you Hong Kong men found the old goddess into insurance broker! 【 Click the picture to enlarge to see the story through ▼ ▼ ▼ ▼ 】
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Financial struggles can make high monthly income and financial freedom very appealing.

Multi-level marketing companies often use psychological manipulation to recruit participants, exploiting their emotional vulnerability.

Title:

Content: Usually, speaking about the financial pyramid, it is understood the involvement of people in business, where the basis of income is the attraction of new participants with a financial contribution, said Roman Sidorchuk, Professor of the Department of Marketing at Plekhanov Russian University of Economics, to the correspondent of IA REGNUM.
Pyramid
“For this kind of participation, mainly“ recruited ” people with a “disturbing ” psyche, who are dominated by an irrational type of thinking.
Given the fact that in these circumstances, behind the proposals of the organizers there is always a deception in the involvement of the participant, it is impossible to talk about marketing, which is usually guided by certain ethical standards (for example, the ethical code ESOMAR, the European Community of market researchers and public opinion).
Here we should talk about the methods of social engineering, when the goal is not to meet the needs of the consumer, as in marketing, but the psychological manipulation of people in order to commit certain actions.
In this regard, the methods of this kind of manipulation will constantly change, adapting to the interests of the potential audience.
The use of computer games is a convenient format for manipulation.
Moreover, people who are often fixated on computer games experience depressive and restless states, and become more malleable to the external influence of the gaming community, ” the expert believes.
As reported IA REGNUM, in Russia there is a new type of financial pyramids, said the head of the Department of combating unfair practices of the Central Bank of the Russian Federation Valery Lyakh.
See also: Bank of Russia warned about the emergence of gaming financial pyramids

The COVID-19 pandemic has had a mixed impact on the MLM industry, with some companies thriving and others declining.

Title:

Content: Alert
Vice Minister of Health and Welfare Shi Chongliang said that "Wanhua is a breach of epidemic prevention" was charged with false information.
National Highway 1 southbound 31.3 km 5 cars hit two people with minor injuries to hospital
The new business model after the new crown
【 Text / Photo by Liao Chih-te / Gettyimages 】
The crisis is a turning point. While the Black Swan incident brings bad luck, it often drives the tide of history to move in a new direction. There is no need to sigh and complain about the COVID-19 pandemic. At this time, we should not only look at things on the surface, but think about the new situation of future development from a longer-term perspective. Kangchuang Boulevard, which can be traced back to the peak, says: "The mountain does not turn around, the road does not turn around, and people do not change their minds."
People with a bad attitude find excuses, successful people find ways, and leaders who are willing to adjust their good attitude to the drastic changes in the environment can calmly understand the new trends of the market in the process of strategic layout transformation, and develop a new connection mode of interaction with customers in the process of exploring new business opportunities in the future.
The biggest impact of the epidemic is forcing people to not go out, making the connection between people become an inviolable taboo.
There is a saying that the tide of people is the tide of money, when people stay at home, do not leave the house, greatly reduce the time to go out to eat and shop, the business is impossible to make a business, which is the most serious hit by catering, tourism, hotels, small revenue is reduced by 20%, large is reduced by 70% or 80%, and even some businesses are directly closed.
Although the current economic situation is not optimistic, some people are emerging, and they are willing to follow the changes in the market to carry out the transformation of the business model, showing the ability to quickly adjust flexibly and adapt to the environment.
The strongest species, like amoeba, are always able to adapt to the ecological environment to evolve a new body structure and behavior, and the strongest companies are also highly adaptable commercial species. They have the courage to cut off the shackles of traditional norms and actively explore and layout new market space.
Innovative unicorn with the flexibility to integrate the virtual
Founded in 2012, Peleton is the first sports equipment company to integrate hardware, software and content.
Although the company has become the dominant fitness equipment industry, but the initial stage of Peleton's new business model is not recognized by investors, so the first three years of the company is always in the lack of funds to tide over the situation, fortunately later by private equity fund Tiger Global favor, gradually increased investment of 5 million and 10 million US dollars, Peleton can safely cross the trough of death, gradually develop into a home fitness leader. Enterprise.
In addition to having a good business model, if coupled with good luck, it is really like adding wings. In May 2019, before the outbreak of the COVID-19 epidemic, Peleton sharply reduced its fitness class, which was originally priced at $19.49 a month, to $12.99, and began to provide cross-platform services.
After that, students can not only take fitness classes on Peleton ’ s fitness equipment, but also get the same content service on Amazon Fire TV and Apple Watch.
Peleton, a resilient startup, decided to extend its 30-day trial period to 90 days in the early days of the U.S. pandemic, rapidly growing from only 100,000 to 1.2 million.
With the outbreak of the epidemic, the number of Peleton subscribers has also been rising rapidly, but in one year, it has soared from 1.4 million subscribers in 2019 to 3 million subscribers in 2020.
According to statistical analysis by Affde ’ s marketing research platform, Peloton has added an average of 560,000 new members every quarter since the first quarter of FY 2020 and has 4.4 million members by the second quarter of 2021.
In fact, the ultimate goal of Peleton is that no matter where the customer is, as long as there is any device around that can be connected to the Internet, it may be a smart screen such as a mobile phone, platform, watch, TV or mirror, you can enjoy a beautiful sports experience.
The biggest benefit of Peleton subscription is that there are thousands of fitness classes and content that are constantly updated on the go, including: flywheel, jogging, weight training, yoga, meditation, etc. Users can find their favorite fitness instructor or class type from the digital ocean. process, thus ensuring that the content stimulates the user ’ s training enthusiasm.
Subscribers who participate in fitness classes through Peleton are not alone. The mirror is not just hardware or content services, and Flywheel is not just a product or a social platform.
Now through the smart screen on the device, users can not only interact with fitness coaches in real time, at any time in the virtual space to track the movement of star coaches, but also interact with fitness enthusiasts from all over the world to exchange exercise results and experience with each other.
Instead of saying that people are subscribing to courses for fitness, it is better to say that everyone is joining the ranks of sports for their favorite coaches, and engaging in fitness social platforms in order to understand more of the same.
In addition to keeping consumers in touch, companies and partners should also try to reduce unnecessary connections and contacts. When the epidemic is rapidly heating up, many enterprises are putting forward remote office and home work solutions. At this time, the operation process that must be carried out in the field needs to design a new working mode to carry out remote collaboration. Teams, Zoom, Slack, or Google Chat have become essential applications for virtual offices, helping companies keep internal communication channels open under the constraints of epidemic prevention, but sometimes these tools alone are not enough.
Without MR, the world of digital tools will stop.
The installation and repair of semiconductor microfilm equipment can not be done by ordinary conference video tools. Here, ASML demonstrates an excellent example of remote installation. As the world ’ s largest semiconductor microfilm equipment leader, ASML introduces the solution of the microsoft HoloLens.
During the installation, a Taiwanese ASML engineer wears mixed reality (MR) glasses on the side of the client ’ s machine, while other engineers in the Netherlands, the United States and Taiwan stand by in the virtual conference room. The smart glasses synchronize the images the engineer sees in the field to these three different time zones, and then the experts from around the world work together to complete the installation mission.
In the case of 14 days of quarantine, it is not cost-effective to assemble up to 25 engineers for on-site installation. Now with advanced MR digital tools, ASML engineers can safely and conveniently integrate the strength of the team to carry out equipment installation and maintenance services thousands of miles away.
Imagine that without the cooperation of this set of clear and accurate remote operation tools, the assembly of Taiwan's GuoGuoshen TSMC EUV ultra-violet machine may have problems, seriously affecting the layout of the semiconductor supply chain, resulting in the expansion of the global chip shortage dilemma.
With the rapid evolution of the space computing revolution, the information between the virtual world and the physical world can be effectively connected and integrated, and the digital transformation drive brought by the epidemic will inevitably explode new business opportunities in AR / VR / MR.
IKEA can be said to be the most used AR (augmented reality) company in the retail industry. Through the augmented reality of IKEA Place APP, consumers can simulate the situation of newly purchased furniture placed in the home, and solve the dilemma of the past can only be imagined like a home display.
The introduction of AR can help customers avoid making wrong purchasing decisions, greatly reducing the time for consumers to hesitate. In the future, whether it is a physical channel or e-commerce can be guided through the function of AR, customers in augmented reality to try on clothes, try wearing glasses to master the actual effect of goods, not only can greatly improve the shopping experience of consumers, but also can effectively reduce unnecessary returns.
With the rise of platform power, capable individuals have more opportunities to express themselves. In addition, the integration of virtual and physical worlds, the integration of products and services, and the integration of many fields. The question is, will the changed world be the new normal? Will the accelerated areas and trends continue to accelerate? Will consumer behavior return to pre-pandemic behavior after the coronavirus disaster, or will it become the new normal of the market?
The Return of the King in the Post-Epidemic Era
During this nearly 2 years of viral rampage, people have cultivated many new behavioral preferences and habits. After the end of the epidemic, some behaviors will return to the original state, some behaviors will produce a slight change in appearance, and some behaviors will disappear and disappear. Of course, different consumer groups will have different reactions.
For example: called takeout, eat noodles, and other new coronavirus really no longer has a threat or influenza, young people may start to reduce eating noodles, but still called takeout, older people have different choices, do not eat noodles, not called takeout, for young people called takeout is a lifestyle, for older people is forced to do nothing.
Even if the epidemic is not completely over yet, as long as the pharmaceutical and biotechnology industry has made breakthroughs in vaccines or treatments, or the release of policies, the stock market will immediately respond. Peleton ’ s recent performance in stock prices is not ideal due to the fact that the world is starting to move in the direction of release. As the possibility of the COVID-19 epidemic gradually recedes, physical fitness centers have a chance to regain some of market. The dominance of Peleton during the epidemic has made it possible for the market to decline sharply, perhaps not for a comprehensive recall, but competition from the physical world is bound to increase.
In the post-epidemic era, the real economy will regain its original development momentum, although not all of it will return, but it is still 70% or 80%!
Some have been unable to return, and some are bound to return, by then, whether the products and services we have developed in line with the epidemic will continue to be favored by consumers, and whether the needs of customers will return to the consumption scene of the physical world, or maintain a new business model of virtual and physical mash-up integration.
If consumers can develop new behavior habits under the existing business model, or gain a lot of benefits from it, or more labor saving, or more friendly to the people, or less prone to mistakes, then the old behavior preferences may disappear, making the overall industry structure undergo a complete and fundamental change, and this is the future vision that operators should strive to achieve.
It can be expected that by 2022, the possibility of countries gradually opening their borders will increase, coupled with the universal vaccination of the world and the influenza of the new coronavirus, then the pendulum of history will swing in a different direction again, and it may come very quickly, just like the sudden outbreak of the new coronavirus epidemic.
While it is important to follow the footsteps of the epidemic to develop a new business model, the comprehensive unblocking of the early layout will eventually be the strategic height of the foundation industry.
(For the full content, please see November 2021 issue of Competence Magazine, and may not be reproduced or published without consent)
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Kishida Cabinet ’ s Industrial Thinking on Growth and Distribution
On October 4, 2021, Fumio Kishida, from a political family, was elected by the Diet as the 100th Prime Minister of Japan.
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Including: health care, gender, class, rich and poor gap, the existing inequality in Japanese society has been expanded under the impact of the epidemic, testing the Japanese government's social security mechanism and how to maintain the stability of Japanese society.
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Technology, like virtual offices and digital tools, has helped MLM companies adapt to the pandemic.

Title:

Content: Digital Transformation: Force For Positive Business Change

COVID-19 has left long term effect on everyone, be it corporate or small businesses, everyone one and every system had to adapt

By: Hassan Imtiazi:

COVID-19 has left long term effect on everyone, be it corporate or small businesses, everyone one and every system had to adapt. Working remotely, travel restrictions & physical distancing has created unforeseen challenges for employers.

While it is too early to predict the long term outcomes and trends prompted by the COVID-19 pandemic, but in the short term the most likely scenarios suggest organizations will be operating in the new normal environment for the foreseeable future. The change in external and internal stakeholder behaviour means that companies need to emerge stronger after the pandemic. This may include starting to map out their transition to a next generation operating model best suited for the future.
Impact on the key stakeholders

These changes in external environment will have effect on three key stakeholders i.e. customers, employees, venders & partners.

Customers have already shifted their purchasing preferences to avoid physical channels, adopting more digital services, and demand more from delivery services. We have seen growth in a number of home delivery food services in UK e.g. every big superstore has now an option to reserve & pick or buy & deliver online. Amazon has already spoiled everyone with the offers like Prime giving number of incentives.

Amazon Prime membership grew to 153 million members in the U.S. as of June 2021, up 25.4% from 122 million in June 2020 according to CIRP's estimates.

The ability to find anything on Amazon made it one of the most popular e-commerce platforms. In USA almost 153 million of Amazon customers already opted for Amazon prime and they probably have the same strategy for other markets like UK. Offerings like hello fresh passing the concept of eco-friendly buying and cost effective way to spending money are proven success stories. Price comparison sites like Uswitch, money supermarket and meerkat are already giving choices as an aggregator. Especially post Brexit when UK is facing some immediate shortage of fuel and price hike in energy sector. All these economic pressures have pushed the customers to look for best deals online.

One thing which came out definitely from COVID-19 is people making new and renewed commitments to their values and goals for example, balancing time spent at work and with family. At the same time, people are weighing the risks and values in everyday decisions about where they go, who they spend time with, what they do, and what they buy.

According to McKinsey research employees with a stable, secure work experience working remotely report an increase in positive work effectiveness and wellbeing. Also, vendors and partners might be considering scaling down activities and operations, focusing on the short term, delaying unnecessary investments, and attempting to cut costs. At the same time, vendors and partners could shift to digital channels, reducing the need to visit customers on-site.

According to Hassan Imtiazi, Digital Marketing Consultant, COVID-19 has forced businesses to take paradigm shift. Many industries like travel, hospitality, entertainment and outdoor re-creation like Disney had to lay off thousands of employees. The need to find out new ways of doing business in order to make it profitable in post COVID-19 world.

Sales channels: Shifting away from Point of Sales

To adapt to changing customer buying behaviour, companies have moved from large points of sales (POS) to a reduced number of small, human-less POS, and promote digital channels. This has started already and those who have not adopted already are in the process of changing in the near future.

For example: DHL launched contactless delivery and payment through automated pickup points.

A big telecommunications group optimized its marketing efforts by reallocating budget to digital channels.

Amazon is another good example of this trend, with its Amazon Go physical stores providing uniquely innovative customer experiences i.e. how digital and physical world interacts. In Amazon Go customers scan an Amazon app when they enter the store—the only point at which a phone is required and there is no check out till. One of the stores are due to open in Blue Water London.

Product: Keep it simple to drive digital sales

One way of meeting customers’ changing demands is to simplify products to spur digital sale. Prime example is Yaqoot which is a digital platform that aims to spread happiness through SIM cards by allowing customers to download an app and to send special gifts to loved ones. This digital product was launched in Saudi Arabia and become huge success with growing userbase of digital natives. It is simple & online product which give users seamless experience.

Due to online competition and high acquisition cost for customers companies are also looking at developing pricing models that encourage consumer loyalty, rather than short term promotions. Also, cash might carry virus we have seen many retailers asking to pay only through contactless and in future e-wallet and cashless systems will become normal.

Service and support: Moving to a remote digital service

Organisations also changing their after service and support models. The digital native Russian bank, Tinkoff was the first one in 2012 to launch cloud based remote call centers outside of Russia. The bank focused on remote servicing and now has more than 14,000 remote employees who work from home and take half a million calls every day. These are not even the bank’s permanent employees. This model has saved bank cost for offices, equipment and workplaces.

We see that chatbots are very common when it comes to reaching out service support. These automations help organisations to work with cost efficiencies.

Work place: Shift to digital remote office operations

Many organizations have already shifted to remote work and have begun conducting large scale meetings. Mix models like agile ways of working are also proving to be successful where some quarterly meeting are held in person and rest via online calls.

Many companies in UK now offering flexible working days e.g. employees can opt in to work from home for 2 days and 3 days from office. Some are giving 100% remote working options especially within digital media agencies where face to face meetings are not necessary. There are enough tools available to monitor employees’ performance keeping track record of day to day work. For example: Trello app is used for project management and similar solutions are seems to be successful.

Vendors and partnerships: Shift to collaborative lean partnerships

One of the biggest challenge for supply chain executives to make sure they have smooth supply of goods. Since consumers panic and piled up stock during peak time of COVID-19 there was no mechanism to fulfil that kind of demand. In UK big supermarkets like TESCO, ASDA and Sainsbury saw severe shortage of household essential and food items as people are scared and bought these items in bulk due to future uncertainty.

Companies are now actively looking to streamline supply chains right from suppliers to merchandising to distribution to logistics to final fulfilment. Most priority is given to food, drugs and essential items to make sure isles are filled coping customers demand.

About 90-99% of people in multi-level marketing schemes lose money.

MLM companies often require significant upfront costs, such as Trades of Hope's $150 buy-in and monthly website fee.

Title:

Content: Multi-level Marketing scheme "disguised as an advocacy organization" draws criticism

Here's another multi-level-marketing scheme to be aware of. It's called "Trades of Hope" and Hannah Alonzo describes it as an MLM scheme "disguised as an advocacy organization." Here's how the Trades of Hope website pitches the business to potential "partners" and "advocates" (that's what they call folks who join the MLM to sell merchandise and recruiting additional sellers for their downline):

"Create job opportunities for women leading their families out of poverty and human trafficking by shopping ethically made home decor!"

The company works with "Artisan partners" across the globe, who create the products that are then sold by folks who sign up for the MLM. Trades of Hope describes their relationship with the artisans:

We pay our Artisan partners 100% of their asking price (they set the price!) for a product order before you even see that product on our website! We are in a business partnership with them. Not a charity. Our Artisans receive 3 to 6 times what they would normally make in their region. The Fair Trade communities that are helping them get their product to market follow guidelines of checks and balances to give back, not just to the Artisan, but to their community as a whole as well. This includes things like wells, children's schools, education for adults, land, and developing homes. It is life changing. Fair Trade is about providing a living wage for those in extreme poverty and giving them a chance for a better life.

If the business just worked with artisans to sell their products to the public, I'd have no problem with it, and would actually see it as a positive thing. However, Trades of Hope doesn't simply support artisans—its business model is based on recruiting sellers who then recruit other sellers, which makes it a typical MLM. The recruitment page of the Trades of Hope website clearly states: "Enjoy The Rewards and The Partner Does All The Work!" The problem is, though, that very few people are actually "enjoying the rewards," as it's been shown time and again that 99% of people who participate in MLMs lose money.

Over on Reddit, in the terrific subreddit r/antiMLM ("Stop MLM schemes from draining your friends dry. Multi Level Marketing (MLM) schemes are a drain on our society. Its participants either build the pyramid taller or get squashed by it.") I found some interesting discussions of Trades of Hope. Here's some insight from a former member:

I escaped from them. It's basically an MLM. You don't need to keep product on hand, you have a personal seller website and you pressure people to host parties. Their schtick is that they sell items made by people in developing countries so they use a lot of guilt and religious crap to pressure people into buying the items. We were told to post things on Facebook like "help this family out of poverty one bracelet at a time" etc. I finally noped out after realizing that their method is stupid and sustainable development can be found in ways that don't require me to guilt my friends and family into having stupid online parties. As MLMs go, the buy in is $150 so people don't lose their houses over this. The website is $12 or $13 a month. So not like lularoe requiring $4000+ buy ins but it's def an MLM, there's a lot of pressure to recruit and maintain a downline.

If you want to learn more about Trades of Hope, Hannah Alonzo recently posted a terrific deep dive into the company. Her analysis includes a critique of the company's recruitment structure, as well as critical commentary on how the entire operation oozes with "White savior complex."

Most people in MLMs are not salespeople and often end up in debt.

Title:

Content: Terrible Things People Do For Money: What You NEED To Learn

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You can laugh if you want. But, growing up, I was into professional wrestling. It was something that my dad was a fan of. So, naturally, this is what we did to bond.

Anyway, there was this wrestler named Ted DiBiase whose gimmick was “The Million Dollar” man. And, he had an amazing catchphrase; “Everybody’s got a price.”

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Q4 2021 hedge fund letters, conferences and more

This Hedge Fund Thinks Nintendo Is The Next Apple

Apple's influence over the stock market and tech world appears to be waning, at least in terms of mindshare. While it's true that Apple stock has soared alongside other tech favorites over the last couple of years, tech news sites are no longer overflowing with daily headlines about the iPhone. Apple Stock Is Surging, And Read More

For some of us. That actually might be true.

Questionable Acts People Would Do For Money

A survey of 1,000 conducted by OnePoll.com found that 6% of people would commit murder for $1 billion. Treason, armed robbery, mugging with a weapon, or assisting in suicide are some of the crimes committed by one in ten people.

What about a million bucks? In addition to credit card fraud, one in ten would smuggle drugs over the border or even star in an amateur pornographic video. In exchange for $100,000,000, a quarter of people would steal a bike, forge a signature, lie to police and donate sperm or eggs without their partner’s knowledge. Meanwhile, a demented one in ten would kick a kitten or puppy. And, that same figure would take performance-enhancing drugs to win a sporting event or beat up a stranger.

For $100,000? 25% of people would steal a street sign. It’s also enough for one in five people to forge a signature or take from a restaurant or hotel. One in ten say they would enter into a sham marriage, perform a sexual act on a stranger, falsify tax returns, or snatch a purse for the same amount.

In exchange for $10,000, one in five will steal a street sign, shoplift or flash a stranger. On the other hand, one out of ten people would lie under oath, steal a bike or spend counterfeit cash for the same price.

What would people do for a thousand bucks? 15% of people were willing to shoplift or bet on a fixed sporting event.

Why Do Good People Do Bad Things?

Some people may not have much in terms of a moral compass. I would actually think that most of us are the opposite. Committing a heinous crime not only cheapens life. What’s more, there are additional costs that far outweigh the monetary value.

For serious crimes, you have legal expenses, as well as the probability of going to prison. Also, even if you aren’t charged with a crime, that money can be seized.

And, let’s be real here. Would really trust someone to offer you a large sum of money to commit a crime? There’s a good chance it’s a scam or set it up, such as the fake website Rent-A-Hitman. Even if the offer was real, that’s definitely someone you do not want to associate with.

Still, even decent and law-abiding citizens may do bad things.

Researchers from the University of Utah and Harvard found that even the prospect of money encourages unethical behavior.

“Were were interested in why good people would do bad behavior,” Kristin Smith-Crowe, a management professor and co-author of the study told CNBC.

“We certainly found that the love of money is corrupting and just the mere exposure to it makes people do bad things,” Smith-Crowe said.

“The study didn’t ask people to do horrible acts, there were more mundane like stealing office supplies,” Smith-Crowe added. For example, taking home a ream of paper from work when your printer at home is empty.

The Worst Ways to Make Money

So, with all that being said, that got me thinking. What are the worst ways to make money? And, no. I’m not talking about unspeakable acts like murder or hurting an animal. My focus is on seemingly legit, yet risky, illegal, dangerous, and unprofitable ways to make some extra cash.

Taking online surveys.

There is no shortage of online surveys. With some surveys, you’re asked your opinion on current events or to perform an act of kindness. Most often, however, surveys want your feedback on a product or service.

However, whenever you see a survey that promises decent money in hardly any time, buyer beware. While these surveys do pay, the cost is minimal. I’m taking from a couple of cents to a couple of dollars. Is it really worth your time to make that little amount of money?

A better option would be picking up a second job, even if it’s a minimum wage job you do on the weekend. If that’s not an option, consider a focus group or qualitative research study if you want a well-paying survey.

I should also add that online surveys aren’t the worst idea for certain demographics. For example, a stay-at-parent could do these surveys while their kid(s) are napping.

Medical testing and selling bodily fluids.

“Paid medical testing is neither a scam nor a low-reward opportunity; it’s possible to make actual money if you devote yourself to being a full-time pincushion for science,” writes Jon Skindzier for Ask Men. “No, this idea comes with its own unique set of drawbacks like vomiting, chills, seizure, death — stuff like that.”

“Six subjects in London, for example, suffered organ damage and life-threatening complications while testing an arthritis treatment in 2006,” he adds. “The real question isn’t whether or not you can make money this way; it’s how much bodily harm you’re willing to risk in the process.”

Stying in the “ick” zone, this is also true of selling bodily fluids. Processes are long, complex, and time-consuming, but the pay is low.

It’s possible for women to sell their eggs too. In addition to taking up time, this procedure can also be rather painful since fertility shots are often necessary. It is true that donations are not a dependable way of making money, and very often they are restricted by time constraints.

Multilevel marketing companies (MLMs).

If you haven’t personally been invited, I guarantee someone you know has been. Invited to what? Those “parties” where a friend or acquaintance is selling essential oils, pet care products, jewelry, children’s books, etc.

It turns out, that this is a MLM program.

As the FTC notes, “Most people who join legitimate MLMs make little or no money. Some of them lose money. In some cases, people believe they’ve joined a legitimate MLM, but it turns out to be an illegal pyramid scheme that steals everything they invest and leaves them deeply in debt.”

The FTC has also reported that 99% of people who take part in multiple-level marketing lose money. Why? Because MLM companies require their members to purchase products in advance with the hope of reselling them at a profit.

While there are some legit MLMs, Avon springs to mind, if you aren’t a salesperson or have the upfront costs you might want to consider alternatives. Freelancing, affiliate marketing, or drop shipping might be some viable options that are better suited to your budget and/or skills.

Using click-bait to sell links.

The majority of bloggers earn their living from advertising, affiliate sales, and more. Click-bait links, those that lead nowhere, to the wrong site, or make your browser a mess, aren’t sold or bought by them. Overall, there is little money to be made from these bottom-feeding methods.

How can you make money from a blog then? Partner with trusted affiliate programs such as ClickBank, ShareASale, or Commission. From there, you can set up ads with Google AdSense.

Those fake links will eventually get noticed by your readers, and they will stop reading your articles.

Sign spinning.

We’ve all seen them on the sidewalks holding signs advertising particular businesses. No matter the weather, at least one is always trying to attract customers. Because you are required to stand all day long, the job is extremely tiring as well.

Additionally, the pay is usually low. And, the practice has been criticized for causing distractions among drivers.

If you’re looking for part-time or a side hustle, you might want to explore more fulfilling options. If you’re a dog person, then consider dog walking or sitting. Do you like cruising around town? Maybe deliver food or rideshare.

Day trading.

Unless you have a lot of experience in investing, day trading in the stock market is highly risky. As a new investor, you should stick with mutual funds until you gain more experience.

While it isn’t as exciting or profitable, at least you’ll be able to make money as you learn the ropes.

Selling pirated materials.

Many pirated electronic books or digital copies of Hollywood blockbusters can be found and downloaded online either for free or for a small fee. Sound appealing, right? After all, it’s cheaper than going to the theater or buying an original copy. And, these are major corporations that can take the hit.

Well, it’s not as harmless you may have assumed. In 2022, it’s expected that the movie and TV industry will lose $51.6 billion to online piracy. Additionally, piracy can land you in trouble with local, state, and national authorities as well as your Internet provider.

Online gambling.

I know a couple of people who boast about the money they made gambling — either in-person or online. My first question? “Yeah, but how much did you lose to win that money?”

Trying to make money with gambling of any kind is always a bad move. In addition, online gambling is more accessible 24/7, making it easier to become addicted to it than in-person gambling. If not treated, you can literally lose everything.

If you have a gambling addiction, please got professional help. And, even if you don’t, look for other alternatives to make money where the societal and financial cost isn’t as high.

Work-from-home scams.

Online money-making offers that seem too good to be true probably are. The scammer capitalizes on your desperation to obtain your personal information so that they can steal your identity or use the money to set up a job for you. In cases where something seems fishy, such as poor spelling or grammar in an advertisement or on a website or a request for you to send money, you should be cautious.

That’s not to say that there aren’t legit work-from-home opportunities. In fact, here are 12 work-from-home jobs that will help you earn a million dollars in less than 10 years.

Recycling.

Once again, we are seeing an extremely time-consuming effort for very little result. In addition, lots of recycling must be done before profits can be made. It is usually necessary to obtain recyclables from others before profits can be made. It simply does not make sense to move and clean substantial quantities of items unless you have the storage space and means to accomplish this.

I can personally attest to this. I thought years ago that instead of just recycling my cans, why not make some money off of them. For months I crushed and stored cans until I had several big bags. I took them to the scrap yard and got like $20. It wasn’t even worth the gas going back and forth.

Final Words of Advice

You have to know which opportunities are worthwhile and which ones aren’t if you’re looking to start a new side hustle or just make money online. You can find better alternatives to all these bad ideas on our list of 101 passive business and income ideas.

Article by John Rampton, Due

About the Author

John Rampton is an entrepreneur and connector. When he was 23 years old while attending the University of Utah he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months he had several surgeries, stem cell injections and learned how to walk again. During this time he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine, Finance Expert by Time and Annuity Expert by Nasdaq. He is the Founder and CEO of Due.

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To avoid multi-level marketing companies, beware of promises of unlimited income and high-pressure sales tactics.

Verify a company's registration with relevant authorities, like the Bank of Russia, before investing or participating in their business.

Title:

Content: The Magic of Pyramids
People annually lose billions of rubles in financial pyramids - these are the data of the Bank of Russia and law enforcement agencies.
Losers are not only those who strive for “easy ” money, or desperate for lack of money, but also those who are afraid to miss out on benefits, or overconfident people.
Who else can “fascinate ” the magic of the financial pyramid?
How not to be among them?
Rubrics: PROfinance
From year to year, the number of financial pyramids changes, but they do not disappear at all.
The case of Mavrodi - the founding father of the famous pyramid "MMM" - lives and thrives, including on the land of Leningrad.
Despite the loud revelations, financial pyramids were not just tenacious, they again attract a huge number of gullible investors who want to quickly and easily increase income.
The scheme is the same, but the methods of psychological processing are becoming more sophisticated and diverse.
In 2021-2022, the “leaders ” of the pyramid, which was kept by depositors from more than 100 countries, were arrested.
Moreover, the lady director was detained in the Vsevolozhsky district.
The number of statements of victims attached to the materials of the criminal case is about ten thousand.
According to the investigation, from August 2019 to December 2020, one of the co-founders with other participants organized work in Russia to attract funds from individuals “under the pretext of their highly effective use by investing in stock markets, cryptocurrency and other trading platforms. ”
Clients were guaranteed an income of up to 25% per month.
Thus, the dealers attracted at least 80 million rubles.
The money was distributed among depositors on the principle of a financial pyramid.
In our region, modern pyramid builders are increasingly choosing to scatter networks in the field of construction and investment.
That, for example, the construction of the century is promised in Gatchina, and attract the money of ordinary citizens who believe that you can receive income at 38%, and then admit that there is no more money for payments.
They offer to throw on the apart-hotel near the metro station in St. Petersburg.
And on this, their flow of brilliant ideas does not dry up.
This year there was information about the machinations of the Leningrad Financial Center.
The businessmen of this office also promised fabulous profits from deposits.
And people believed.
They say that the word “Leningrad ” is very good – honest, correct, reliable.
But with the money invested, the owners of the company bought luxury real estate and cars.
And their customers after a while realized that they had lost all the money, and some still had to remain.
A tragedy for each of them: someone invested the money accumulated over a lifetime, someone borrowed from relatives.
Different Pyramid Masks
A financial pyramid is a fraudulent project that imitates profitable investments.
The funds are received through the constant attraction of new participants.
They deposit money, then attract new people - the pyramid grows.
At the same time, the top of the pyramid can really earn.
And the lowlands get nothing - they naively donated their money to those who stand a step higher.
This classic scheme was relevant about 25 years ago.
If someone says that in the 1990s he managed to hit a jackpot in the pyramid, maybe it was.
But now such schemes do not work.
The rules have changed: you can not earn more on financial pyramids.
Even if they claim that thanks to the virtual space, this business has become even more successful.
Modern pyramids act rapidly: aggressive advertising, raising money from those who believe in a miracle – and that ’ s all.
Organizers hide with the money of deceived investors in order to open another “investment project ” in a new place.
Until they go to jail.
The pyramids are hidden under different masks.
Their creators can position themselves as an investment enterprise, scatter investment terms without deciphering them to people.
They come up with loud epithets: promising, high-tech.
Offer to buy stocks and bonds, cryptocurrency and real estate.
Agitate to invest in super-efficient production.
I really don't know which one.
There's a lot of options.
Fraudsters disguise themselves as other forms of organizations: management companies, consumer cooperatives, bookmakers.
They can offer not money, but, for example, go around the world for half the price, get bonuses for the purchase of jewelry or even repay a loan for you if you bring other debtors to them.
There are more pyramids in the form of Internet projects.
And some combine active promotion in the network and personal communication with potential investors.
Pyramid builders can lure bright advertising, throw dust in the eyes in beautiful offices, lure to thematic groups in social networks.
Each person is persuaded in exactly the way that can have an impact on him.
But the result is one – taking money from the population.
How to calculate the builders of financial pyramids?
- The organization is actively advertised and publicly promises a sky-high income, much higher than the market level.
Such statements are prohibited in the financial market.
At the same time, the income accrual scheme is often very complex and indistinct.
For the calculation offer a huge formula with a lot of unknowns - to confuse you.
- Guarantee a high income without any risk.
But this is not the case: any investment can result in losses.
- Ask to actively involve friends in the project.
For each attracted depositor, they promise to charge a percentage of their contribution.
So fraudsters are trying to quickly involve as many people as possible in their scam, collect money from them and escape.
- No proof of investment.
Fraudsters show only beautiful presentations and do not give a look at financial documents.
The money is offered to send not according to the details that are specified in the contract with the company, but to the account of another legal entity.
make a transfer to a bank card or by phone number of some person, replenish someone else 's electronic or crypto wallet.
Or they offer to pay in cash, while not issuing any checks or incoming orders.
As a result, you will not be able to prove that you have made any investments at all.
- There are no contact details on the company 's website.
You can only order a call back, chat with the operator in a chat or messenger.
Only fraudsters hide their contact details.
In case of problems, neither you nor the police will be able to find the deceivers.
Check it first, then trust it.
When making the decision to invest your money, do not rush, turn away emotions.
Consult a lawyer if necessary.
In order not to get into the financial pyramid, you need to carefully check the company.
If a financial institution is not in the register of the Bank of Russia, it works illegally.
You also need to check whether the company is on the list of dubious organizations.
The Bank of Russia identifies companies and Internet projects with signs of pyramids and publishes information about them on its website.
If the interested company was on the list, investing in it is an unjustified risk.
It is not superfluous to check the data in the state register of legal entities (EGRUL).
Learn about the company on the website of the Federal Tax Service (FTS).
Perhaps the company was registered recently - almost on the eve of the fundraising, it has a minimum authorized capital and a single founder.
Then it's a big risk to trust her with your savings.
There is another important point: if the company is registered as a cheese factory, and offers investments in cryptocurrency, the investor will definitely lose his money.
You should always carefully study the documents that are offered to sign.
First of all, check the full name and details of the company - what is specified in the contract, on the organization's website, in the registries of the Bank of Russia and the Federal Tax Service.
Pay attention to what obligations the company undertakes and what will happen if it does not fulfill them.
Perhaps at this stage it will become clear that it is not worth dealing with.
Tatyana Mozhaeva

Informing the public about multi-level marketing scheme risks can help prevent fraud through resources like job search platforms and social media.

Title:

Content: Beware of Unusual Requests 4 Defense Against Fraud
Executive Edition 2022 / 08 / 25
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As for how to prevent fraud, Huang Huaixing, Chow Yiping and Zhang Ling (Jannet) all suggested that job search platforms and the government should invest more resources to inform the public about the risks and prevention methods.
Mr Wong added: "Job search platforms or the government can advertise in television advertisements, emails, newspapers, social media, etc.
It's...
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