pyramid selling

pyramid selling
An increasingly common way of selling goods is through trading schemes which operate on more than one level. Participants (or "downliners") in such schemes buy goods from the scheme organiser or other participants and then sell them to the general public, usually in their homes. Participants earn commission from downliner's sales. Such schemes are quite legal but are closely regulated.

Easyform Glossary of Law Terms. — UK law terms.


pyramid selling
The practice of selling goods or services through distributors/franchisees who themselves sell the goods or services to sub-distributors/franchisees, rather than direct to the consumer. Sub-distributors/franchisees may in turn use sub-sub-distributors/franchisees.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

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  • pyramid selling — noun A method of distributing goods by selling batches to agents who then sell batches at increased prices to sub agents, and so on • • • Main Entry: ↑pyramid * * * pyramid selling UK US noun [uncountable] business a system of selling things in… …   Useful english dictionary

  • pyramid selling — pyramid .selling n [U] a business activity in which the main income comes from people who buy the right to sell products, rather than from the sale of the products themselves. Pyramid selling is illegal in many places …   Dictionary of contemporary English

  • pyramid selling — pyramid ,selling noun uncount a system of selling things in which someone buys a large supply of goods and sells them in smaller amounts to other people, who then sell them to others in even smaller amounts …   Usage of the words and phrases in modern English

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  • pyramid selling — / pɪrəmɪd ˌselɪŋ/ noun an illegal way of selling goods or investments to the public, where each selling agent pays for the franchise to sell the product or service, and sells that right on to other agents together with stock, so that in the end… …   Marketing dictionary in english

  • pyramid selling — noun a system of selling goods in which agency rights are sold to an increasing number of distributors at successively lower levels …   English new terms dictionary

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