0 in business, the act of someone buying the right to sell a company's goods, and then selling the goods to other people. These people then sell the goods to other people.
1 a way of making money, illegal in many places, in which someone sells people the right to sell a company's products. These people then sell the right to others, and this continues until many people have bought the right, with the original seller getting a share of every payment:
pyramid selling scheme/scam What seemed like a legitimate business turned out to be just another pyramid selling scheme.
While pyramid selling or multi-level marketing could be legitimate activities, schemes offering income for recruitment offer scope for abuse.
I am worried that pyramid selling is just the first of many marketing-oriented swindles that will be developed.
At first glance they appear to meet the case—certainly, of all those concerned in pyramid selling whom we have heard about so far.
Marketing techniques of a franchising kind and crooked franchising, of which pyramid selling is perhaps a principle example, are not matters which are covered by "consumer trade practice".
I am at present satisfied that the legislation prohibiting the objectionable aspects of pyramid selling is effective.
One of my constituents has just lost £3,000 through a pyramid selling swindle.
Will the initiator of operations of a pyramid selling firm be liable to a £400 fine in relation to each new recruit?
He referred to the extent to which people might evade the prohibition by conducting pyramid selling businesses from their own premises.
The main emphasis in pyramid selling is the recruitment of other people.
