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Multi-level marketing (MLM), also called network marketing [1] or pyramid selling, [2] [3] [4] is a controversial [4] and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or ...
5Linx; ACN Inc. AdvoCare; Ambit Energy; American Income Life Insurance Company; Amsoil; Amway [13]; Amway Global, previously known as Quixtar; Ann Summers [14]; Arbonne International; Avon Products
The Direct Sales and Anti-Pyramid Scheme Act 1993 (Malay: Akta Jualan Langsung dan Skim Anti-Piramid 1993), is a Malaysian laws which enacted to provide for the licensing of persons carrying on direct sales business, for the regulation of direct selling, for prohibiting pyramid scheme or arrangement, chain distribution scheme or arrangement, or any similar scheme or arrangement, and for other ...
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QNet was founded in 1998 in Hong Kong by businessmen Vijay Eswaran and Joseph Bismark. [10] [11] Though born and brought up in Malaysia, Eswaran undertook his higher education in the United Kingdom where he learned how multi-level marketing schemes work.
He was involved in multilevel marketing (MLM) on a part-time basis while working for Systematics, a subsidiary of IBM. When he returned to Malaysia after 13 years he was approached by the Cosway Group to start its Philippines business, after which he began moving into the direct selling industry.
The economy of Malaysia (GDP PPP) in 2014 was $746.821 billion, the third largest in ASEAN behind Indonesia and Thailand and the 28th largest in the world. [6] [needs update] For further information on the types of business entities in this country and their abbreviations, see "Business entities in Malaysia".
In 2008, they reported having 12 million MLM distributors worldwide, including more than 40,000 in Germany, [5] and 40 million customers, [6] mostly in Russia, with approximately 60,000 in Germany. [7] In 2014, they reported having 200,000 distributors in Uganda. [8] The company also has market partners in Indonesia, Hungary and Kazakhstan. [9]