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Gcmaupin
Anonymous
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# Posted: 11 Aug 2009 08:52
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The true test I see a ton of MLM and affiliate programs posted on this board are any of the company's traded on the stock market. I want to know what the stock symbol is.
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BobFirestone
Member
Joined: 1 Jul 2009
Posts: 63
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# Posted: 13 Aug 2009 03:31
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There are quite a few MLM companies that are publicly traded. The three that are on the top of my head are Pre-Paid Legal (PPD), Avon (AVP) and Tupperware (TUP).
As a criteria for choosing a company to join I think it is a poor one for a couple of reasons.
1. To get listed on the NYSE or NASDAQ a company has to meet listing requirements and to meet them that usually means the company is well past the explosive growth phase and is in the maintenance phase where growth is just a couple of percent a year.
2. SEC compliance is expensive and that money comes from somewhere and that usually means lower commissions.
3. If the company is publicly held the management's #1 responsibility is maximizing share holder value. This usually results in decisions that go against the best interest of the distributers.
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westfam11
Member
Joined: 8 Aug 2007
Posts: 468
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# Posted: 13 Aug 2009 08:05
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BobFirestone: If the company is publicly held the management's #1 responsibility is maximizing share holder value. This usually results in decisions that go against the best interest of the distributers.
I agree Bob. The company cannot have the best interest in the distributors or customers if they have to please the shareholders.
There are quality MLM's that are not publicly traded.
Becky
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