Not all merchant account providers are “friendly” MLM businesses using a direct sales or multi-level marketing approach to grow the business. Companies that are classified as “multi-level marketing” or “MLM” typically represent a higher risk from a legal standpoint -, potential charge-backs and unpredictable growth trends, which to many merchant account providers, are red flags that may prompt an immediate shutdown of the business’s merchant account.So, what's the difference between “unfriendly” & “friendly” merchant account providers?An “unfriendly”
In 2015, Direct Sales Reached 183.7 Billion in Revenue What was your take? When was the last time you recommended a movie or health related tip or product to a friend, family member or colleague. Millions of people do this every day – and get paid for it. The Network Marketing and Direct Sales profession hit a new record high in 2015 with $183.7 Billion in global sales.1 Roughly $73.4 Billion (40%), was paid directly to distributors
Over the last 20 years, I have owned no less than 5 businesses. If there was one insight I could leave with you as a business owner, it is this - don’t ever go it alone on calculation, paying and filing your taxes. Getting behind on or missing payroll tax deadlines is probably the most perilous event you can face. The next most important thing to do, is to properly file and then pay your sales tax.
One lifelong lesson that my father taught me while growing up is that "there is no such thing as a free lunch". This popular adage communicates the idea that it is impossible to get something for nothing. The phrase was first coined in the 1930's and 1940's when American bars offered "free lunch" to their patrons in order to entice drinking customers to patronize their business. The bars were willing to absorb the write-off of there