Wednesday, December 16, 2020

TikTok is banning multi level marketers

TikTok:

Frauds and scams

We do not permit anyone to exploit our platform to take advantage of the trust of users and bring about financial or personal harm. We remove content that deceives people in order to gain an unlawful financial or personal advantage, including schemes to defraud individuals or steal assets.

Do not post, upload, stream, or share:

...

Content that depicts or promotes Ponzi, multi-level marketing, or pyramid schemes

BusinessInsider:

Data shows MLMs offer menial income to sellers. Direct Sellers Association estimates multi-level marketing companies brought in $34.9 billion in revenue in the US in 2017 from 18 million sellers — amounting to $2,000 per year for each member. A 2018 AARP survey found 73% of MLM participants lost money or made nothing.

Nearly all sellers for Young Living, an essential oils multi-level marketing company founded by Gary Young, earn just