Definition of Pyramid selling:
Illegal type of network marketing in which recruits pay an admission fee to join the scheme to earn commissions on persuading other people to join the scheme, but little or no product of any real value is exchanged. Such schemes are banned in most countries. See also Ponzi scheme. Not to be confused with pyramiding.
A system of selling goods or services in which each salesperson recruits further salespeople, resulting in a hierarchy in which each member receives compensation for the sales made by those below them.
How to use Pyramid selling in a sentence?
- What is to stop people from holding sessions on the Atkins Diet, on Scientology, or on pyramid selling?.
Meaning of Pyramid selling & Pyramid selling Definition