You can be on Entrepreneur’s cover!

John Oliver: Multilevel Marketing Is Not a Good Path to Entrepreneurship Don't get sucked into these businesses that promise big profits for just a small investment.

By Stephen J. Bronner

entrepreneur daily
HBO

It sounds so promising: For a small investment, companies will send you products, which you can then sell to make a profit. Then you can recruit your friends to do the same and make even more money. Eventually, you'll earn enough to quit your job.

But things usually don't work out like the scenario above. Instead, people who get sucked into these multilevel marketing companies, which Last Week Tonight host John Oliver points out are quite "pyramid shaped," are stuck with unsold products that will eventually expire, and in the worst cases, tens of thousands of dollars in debt.

Related: What You Can Learn From the Viral Shenanigans of Last Week Tonight With John Oliver

This is not the right path to entrepreneurship.

Check out the Last Week Tonight segment below (a version for Spanish speakers can be found here).

Stephen J. Bronner

Entrepreneur Staff

News Director

Stephen J. Bronner writes mostly about packaged foods. His weekly column is The Digest. He is very much on top of his email.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Mark Zuckerberg Told Meta Engineers to 'Figure Out' Snapchat's Privacy Protections: 'We Have No Analytics on Them'

Recently unsealed court documents detail "Project Ghostbusters," Meta's project to work around Snapchat's end-to-end encryption to intercept data.

Business News

Sam Bankman-Fried Sentenced to 25 Years in Prison for Multibillion-Dollar Crypto Fraud

Southern District of New York Judge Lewis Kaplan said that the loss amount to the victims of Bankman-Fried's crimes surpassed $550 million.

Growing a Business

The Brand Whiz Behind Sun Bum Is Famous For Making Boring Products Fun. Then, This One Stumped Him.

Everything Tom Rinks touched turned to gold until he took on a brand launch at Target that fizzled. Then, he found a creepy doll on Ebay, and he saw a way forward.

Thought Leaders

How To Improve Your Soft Skills and Emotional Intelligence in 7 Easy Steps

Using these simple but effective approaches will help a person in their business, life and relationships.