Pretty messed up IMO.
I don’t think the government should even be involoved with this kind of stuff. But apparently Vemma (first reported here) was taken down by the FTC on August 26, 2015.
The alleged reasons? Because they were marketing to college kids and they emphasized the money more than the product. More or less, that is what the statement was.
Here is the full statement from the FTC:
Again, why is the government even moderating this kinda stuff? What happened to being a free enterprise society? Look, I am no Vemma promoter and I also think that MLM is not the best business model in the world but why are we worrying about if something is a little “sketch” when we have China and other countries straight-up robbing us?
Riddle me that. Just my thoughts (hova voice)…
Anyways, I am over it. MLM is not for me…I think if you wanna dabble in a profit-share model (like My Advertising Pays) that is not a bad way to go, or if you’re interested in going the local business route, thats obviously not a bad route to go as well but as far as peddling products, I think there is a better and more sustainable look than multi-level-marketing companies selling overpriced products so people can make money off of their buddies “autoship”.
Again, I actually part sides with Vemma on this one, I don’t feel like they’ve done anything illegal, but I feel like people need to wake up and see the trends and realize that MLM is not the sustainable model that it used to be. I mean, you have real estate (where Utah is booming), finance, and other businesses that will always be around and that will always provide value to other people, but I just feel that peddling overpriced energy drinks is a rough way to go.