The government of India on Monday has issued a series of guidelines for states to regulate the direct selling sector. This implies that the Rs. 10,000 Cr industry could come under the strict Consumer Protection Act, 1986. Many steps have been taken in an attempt to safeguard the interest of individuals involved in this industry. […]
Tester gets drunk, leaks secrets of new network marketing app MlmUP
In August, a sales representative at a software testing company leaked client data intended for internal use only by posting screenshots of the app MlmUP to the Internet. In June 2016, a sales representative at a New York-based software testing company received an order to test the mobile application MlmUP, which is designed to manage […]
Onecoin – a possible Ponzi Pyramid Scheme
Key Highlights: Belgium’s FSMA warns of OneCoin False claims made by the owner and COO of Onecoin about her qualifications Two co-founders involved in other scams before Onecoin, an alleged cryptocurrency and trading undertaking based out of Bulgaria,does not have any provable support to back its business claims which can prove its legitimacy. The Belgium’s Financial […]
Direct Selling Industry – A sigh of relief for unemployment
Key Highlights Make in India initiative to become an important tool for improving the unemployment ratio Direct Selling Industry an important source of self-employment India stands at a fragile yet deciding stage today. Decisions taken for the improvement of the situations now will have a direct impact on the future. If our nation has to […]
Direct Selling Legislation finalized by the Government
Key Highlights The new legislation for Direct Selling Industry finalized by the Government The state to issue guidelines as per their needs from the model guidelines New Delhi : As per sources, the Centre has come up with the legislation for direct selling industry. This legislation will be effective for all direct selling companies such […]
Amway takes concrete steps to triple its turnover in next decade
Key Highlights: Amway to add 8 more products to its existing product lines Decides to explore newer avenues like the experience stores and e-commerce to increase turnover Plan to launch an app with no tie-up with the existing e-tailers like Flipkart or Amazon DELHI : One of the leading and oldest FMCG direct selling company […]
Federal Trade Commission rules out Herbalife as a pyramid scheme
Key Highlights: Herbalife to pay US$200 million in settlement of complaints of misrepresentation The company to restructure its compensation plan Distributor to be paid based on actual retail sales NEW YORK – The U.S. Federal Trade Commission cleared Herbalife, a direct sales nutrition company, of the allegation of being an illegal pyramid scheme. However, said […]
Safeguarding against online part time jobs scam
Key highlights: How to differentiate a legitimate and a scam online data entry jobs Steps to follow before starting a data entry job Today with the growing use of technology and internet, it has become very easy for many scam artists to scam innocent people online. If you have been lured into an easy money-making […]
Network Marketing/MLM market in New Delhi, India, to triple in next 9 years
Key Highlights: Guidelines on direct selling/networking marketing in final stage Network marketing to reach Rs.15-20 billion by 2025 Direct selling industry/network marketing directly in line with the Government’s ‘Make in India’ campaign. New Delhi, 5 July (Networkingeye): As per the reports from FICCI – KPMG on Tuesday, June 28, 2016, the market size of the […]
Are you part of a Legitimate Network Marketing / MLM Company or Pyramid Scheme?
Key Highlights: General notion about the network marketing /multi-level marketing/direct selling industry Understand how to differentiate legitimate and fraudulent network marketing company As the world is progressing in technology and automation, there are also other developments and business models that are coming up which promise to help individual build their own system for residual income. […]
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