Tag Archive for MLM attorney

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MLM Attorney Kevin Thompson: Why The USA MLM Industry Has Really Slowed Down

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Kevin Tompson, The MLM Attorney stated on his Facebook:

“I have a few random, unorganized thoughts about why the industry has really slowed down the past couple of years.”

Here they go.
Incompetent Owners:
There’s a lack of executives in the space with real business intelligence. Yes, there are some good ones (obviously). There are too many companies that are started up on shoe string budgets, they project an image of having it together, and then implode on the first signs of stress. And as an organization grows (if it grows), stress between the field and marketplace are inevitable.
Competition:
In the old days, if people wanted extra income, they had limited options. It was either invest gobs of money for advanced training (education), or sell stuff. Now, they can deliver sandwiches and earn a few hundred dollars a month. The impact of the gig economy is real.
There’s always been a perennial debate in our business on what works better: selling part-time income or “the dream.” It turns out there’s an enormous market of people that just want to earn a little extra scratch. They could care less about big money.
Incompetent Owners (again):
Too many owners cut deals to draw networkers from other companies only to turn

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MLM Attorney Kevin Thompson: Crypto And MLM Is A Legal impossibility

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Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC.
Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing.
When asked about Network Marketing and Crypto in the USA Kevin Thompson stated:
“Crypto and MLM is a legal impossibility.
The entire point of crypto is for it to be open, decentralised, permission less.
It does not pair at all with a centrally controlled business. If tokens are involved, people will participate with the expectation/hope that the tokens will appreciate in value. This immediately renders the token a Security.
I’m a believer in blockchain. I think it provides people with an offramp from traditional finance. People have a lot of reasons to distrust traditional finance.
But that does not mean that a MLM can create and control its own blockchain.
Instead of having an open mind and assuming that a program is “innocent until proven guilty,” the presumption should be that it’s impossible until proven legitimate.”
About Thompson Burton
Thompson Burton redefines the art of law by utilising creativity, technology, flexibility and innovation to more effectively deliver information and connect with our clients

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MLM Attorney Kevin Thompson Speaker At The European Direct Selling Congress

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Kevin Thompson is one of the most sought after network marketing attorneys in the United States. 
Kevin was at our original European Direct selling Congress in 2010 and it’s been a pleasure to watch him develop his practice throughout the years.
He was also recently selected as a Super Lawyer by Super Lawyers Magazine, a publication by Thomson Reuters. Kevin provides invaluable insights to help network marketing companies (and ditsributors) stay out of regulatory trouble.
After having worked with several hundred companies throughout the years, Kevin has developed valuable insights and instincts to help companies see around corners to avoid trouble.     
As one of the founding partners of Thompson Burton PLLC, Kevin has helped the firm grow from two attorneys to twenty in the short span of four years.  By focusing on

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When Network Marketing Leaders Leave a Company

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Kevin Thompson is the MLM attorney and has published an awesome article about above issue,
Kevin:
“I was recently asked to write an article about the appropriate way for a MLM leader to leave a network marketing company.  I hope you find the article below informative.
With the increasing number of MLMs launching each month, it’s led to a lot of movement among top leaders. Given this abundance of choices, leaders are enticed with the better reputations of newer companies, top positions or cash…sometimes all three.
These leaders are often times referred to as Master Distributors. The question always arises: what can they do with their existing downline? Clearly, the downline has significant value. With this value, the temptation sometimes leads the leaders to disparage their existing companies, contact everyone in the downline and yell “Who’s

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The MLM Attorney: 33 Reasons NOT To Start A MLM…

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Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC. Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing. Recently featured on Bloomberg TV and several national publications, Thompson is a thought-leader in the industry.
He recently pulished this article which we think is a MUST read for many:
“I was speaking with a prospective client the other day about his MLM Startup and on his first question, he asked, “Are there any reasons why I should NOT start a network marketing business.”  I thought it was a neat exercise.  He was clearly testing me to see if I could be objective.  After all, the MLM

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Time to Reexamine DSA’s Code of Ethics: Suggestions From MLM Attorney, Kevin Thompson

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It’s old news now. Avon left the DSA. In their announcement, they stated the DSA’s Code of Ethics needed revision. Specifically, Cheryl Heinonen at Avon said,
 
“We believe the association’s agenda in the U.S. is overly focused on the issues of a few specific brands rather than industry-wide challenges. . . We believe that the U.S. DSA Code of Ethics requires updating to better reflect the current state of the industry in the U.S.”
 

In a separate article in the Washington Post, Heinonen gave a quote that shed a little light on what she meant. She said,
 
“I think it’s problematic when you sell inventory — bulk product — that the person who is acquiring it can’t use themselves and sometimes may not know how to sell,” Heinonen said. She added that the language in the trade association’s code of ethics on this point and other aspects of consumer protection need to be firmer.”
 
The problem: inventory loading. And I’ll drill down a little deeper because inventory loading, when it exists, is a symptom of a larger problem: lack of product value. In other words, when there’s a lack of legitimate demand for product, companies incentivize participants to “load up” on items they might

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MLM Attorney, Kevin Thompson, Responds To Avon DSA Withdrawal

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Recently, Kevin Thompson, THe MLM Attorney,  covered in an article that Avon withdrew from the DSA because they’re dissatisfied with the direction the organization is heading.
Now, Kevin Thompson responds to the withdrawal and what it could mean.
Letter from Avon:
To our U.S. direct selling colleagues,
At Avon, we strongly believe in the power of direct selling to enhance people’s lives. Our entire business model is based on our commitment to helping women build better lives for themselves and their families. And we know that multi-level marketing, in some markets and with the appropriate guardrails, is a robust and effective channel for distributing products to consumers.
As you may be aware, this week Avon made the decision to exit the U.S. DSA. This decision came after careful consideration and more than a year of thoughtful discussion. This decision was driven by two key issues:
• We believe the association’s agenda in the U.S. is overly focused on the issues of a few specific brands rather than industry-wide challenges.

• We believe that the U.S. DSA Code of Ethics requires updating to better reflect the current state of the industry in the U.S.
As the U.S. DSA is currently operating, we do not believe that either of these issues will be addressed.
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