abbreviation for multilevel marketing: a system for selling a product in which someone agrees to buy an amount of it at a wholesale price (= a lower price paid by a business), and then tries to make money by selling the product at a higher price to other people, or getting other people to sell it for them

MLM has a bad reputation because most people end up losing money on the cost of the stock. 传销的名声不好，因为大多数人最终都在库存成本上亏损。

MLM participants, called "distributors", typically make money less by selling products than by enticing other people to sell products. 传销参与人也就是所谓的 "分销商"，一般来说，通过销售产品赚的钱还不如引诱其他人参与销售赚的钱多。

a company that uses the MLM system for selling products

Many MLMs are based on the premise that you purchase inventory before it is sold. 许多传销公司的前提是传销人在出售产品前自己先购买库存。