Commonly abbreviated MLM, it's a form of selling a product whereby one person recruits other salespeople, who recruits other salespeople, ad nausea and after each sale, everybody above the salesman gets a small piece of commission. To make money in one (98%+ of people don't), one should place much more emphasis on recruiting than sales. Amway is probably the most well-known MLM.
Many MLMs have "optional" national meetings, motivational books and tapes, and other various expenses. The cost of these comes out of pocket of the individual. As a general rule, if you can be one of the first people to join a successful MLM, you'll make a lot of money, especially if you can sell all of this crap to your downline. However, if you're not in this lucky 1-2%, you'll honestly be lucky to break even in your expenses.
There is some technical difference between a pyramid scheme, which is illegal, and an MLM, which is legal. However, nobody but the high-priced lawyers which keep MLMs in business and stealing the money of its starry-eyed employees seem to know what this difference is.
Many MLMs have "optional" national meetings, motivational books and tapes, and other various expenses. The cost of these comes out of pocket of the individual. As a general rule, if you can be one of the first people to join a successful MLM, you'll make a lot of money, especially if you can sell all of this crap to your downline. However, if you're not in this lucky 1-2%, you'll honestly be lucky to break even in your expenses.
There is some technical difference between a pyramid scheme, which is illegal, and an MLM, which is legal. However, nobody but the high-priced lawyers which keep MLMs in business and stealing the money of its starry-eyed employees seem to know what this difference is.
There are too many Multi-Level Marketing organizations to count. After one is shut down by bankruptcy or the government, two new ones sprout from the ground.
by iLikeSoup March 28, 2011
Get the Multi-Level Marketing mug.To sink your own ship due to incompetence and arrogance. It is derived from the historical event in which Ocean Marketing chose to challenge Penny Arcade during a string of rude costumer service emails involving a gaming product. This moment of stupidity and arrogance began a chain of events that led to Ocean Marketing's downfall. It has officially replaced the word "titanic" for such events.
As Bob drunkenly bad mouthed his boss at the company holiday party, he had no idea his boss is standing behind him the entire time. Effectively Ocean Marketing his career there.
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Man #1 - I was flirting with this girl outside my car window while driving when I smashed into a cop car. There goes my car AND my license!
Man #2 - HA! Good use of Ocean Marketing.
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Man #1 - I was flirting with this girl outside my car window while driving when I smashed into a cop car. There goes my car AND my license!
Man #2 - HA! Good use of Ocean Marketing.
by Beauski December 30, 2011
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A black Indian american marketing promoter born in July. Know for marketing Musical Artist acts such as Jermaine Dupri, Destiny's Child, Nas, Aaliyah and movie, The Wash, Next Friday, Badboy 2, A Man Apart, One Upon a time in mexico etc. Deeq has a family of talent in many generations. He grew up in one of the most notorious homicide neighborhoods in the country, When Deeq was a teen he order at a neighborhood chinese store and went to pick up his food and four minutes later there was a shooting inside the store which led to a murder. He has been through up and down in life. Rumors says he moving and this Summer 2018 he's touring in several cities.
by Janice Wright June 4, 2018
Get the Deeq The Marketing Guy mug.Isaac is a brilliant Marketing Hacker as demonstrated by his usage of Marketing Automation, Applied Statistics, and new data processes to quarterly revenue.
by ikecube December 31, 2012
Get the Marketing Hacker mug.When a girl walks around with the zipper of her pants pulled down. This is the female equivalent of selling hotdogs.
Ania didn't know why Jason kept staring at her pants until she looked down and realized that she was marketing tacos.
by Mike Payne March 24, 2008
Get the marketing tacos mug.A cost effective marketing strategy where two or more companies represent the other firm's non-competing product in various promotions or through referrals.
At the networking mixer, Mary the wedding planner got together with Jason the videographer and mentioned to him how trying out some "piggyback marketing" could work out well for both of them.
i.e., "I'll put a link to your website on my site, if you'll put a link to my website on yours."
i.e., "I'll put a link to your website on my site, if you'll put a link to my website on yours."
by ZonaCat Hansen October 29, 2010
Get the piggyback marketing mug.The creation marketers use to identify and co-opt "street lingo" or style to help them market to teenagers effectively. This website is a fine example. No doubt these words and definitions will be used in the next Sprite commercial, or by Carson Daly.
Urbandictionary.com seems like a "for the people- by the people" site devoted to counter-culture, but it's really just a marketing tool.
by imilian January 8, 2004
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