MLM (Multi-Level Marketing) started in 1931 during the depth of depression in USA. The Malaysian Government approved the Act called the Direct Selling Act (DSA) in June 1993.
There are also MLM companies without Akta Jualan Langsung (AJL) Licence, in Malaysia. Many people are afraid of MLM companies.
Last week, a friend showed me another company with no AJL, no office, no product and doesn’t know who is the management. All they have are upline’s mobile numbers. The interesting part is, a lot of people joining. Distributors bringing another distributor to join this company,which later will be conned by them.
In 1972, there was a company named, Holiday Magic, which was the number 1 of such company in Malaysia. People being conned 20 years ago, today and many more years to come.
But there are still people getting involve in MLM until today and will continue to do so in the future.
Why do people join or do MLM? What is so special about MLM? If you say its about making money, becoming rich… Well, we have doctors, lawyers, lecturers, accountants, engineers, professional people, even millionaires are doing MLM. They are making lots of money already, but then, why are they still going into MLM?
Get in touch with me. Before you join any MLM company, please do not hesitate to ask my point of view. I just don’t want you to be conned.
Cheers,
Authored by Hock H.E. Tan on 4th February 2014
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