I had friends who got sucked into an MLM something bad. They're both fairly intelligent people, but never had any discernable business sense. So imagine my surprise when I learned that they had BOTH quit their jobs so that they could "work on their business". Business? Hmmm...ok, good for them, I thought. Until they sent me a link to their website. MLM all the way baby!
I think they finally figured it out and got real jobs again, but oh boy, those few months must have been rough.
My own MLM story: I met a lady at a church function when I was living in DC. We were talking, and somehow the topic of past experiences came up, and I mentioned that I had dabbled in business and sales a bit. Well, "interest in business" combined with "young and dumb" (how she must have seen me, I was 22 at the time) to become her inviting me to perhaps join her in her business. I wasn't really interested, but when she invited me to one of her "company meetings", I said ok. One never knows when opportunity will knock, right? Riiiiiiiiigggggggghhhhhhhhhtttt. So, I show up at this "company meeting" and knew the second I got there that I got suckered. 50-60 lost looking souls in a room with a podium and informational pamphlets does not a company meeting make. It was more like an indoctrination ceremony. I hightailed it out of there as fast as I could, and never spoke to the woman again.