As reported in recent global statistics from the World Federation of Direct Selling Associations (WFDSA), the direct selling/network marketing industry consistently grows, registering a total of USD183 Billion in sales and almost a billion in number of direct sellers worldwide for the year 2014. This clearly indicates that our industry is able to help more and more people around the world in reaching their income aspirations, particularly here in the Philippines, where direct selling has been providing meaningful income to 1 out of every 5 Filipino families.
With this success come significant threats from unscrupulous businessmen who are out to take advantage of the benefits that our industry offers. This is evidenced by the proliferation of pyramiding scams that have been highlighted in the news lately.
In this regard, we always need to be vigilant and continue to work together to protect our industry as well as the millions who rely on it for their livelihood. During our 3rd GMM, the board has been privileged to present the draft of the proposed Anti-Pyramiding Law. Once approved by the general membership, the DSAP will pursue the passage of the proposed Anti-Pyramiding Law. The implementation of this proposed law should clearly help distinguish the legitimate companies from those who engage in pyramiding and at the same time provide the government more teeth to run after and penalize individuals and businesses that practice illegal pyramid schemes.
Our commitment to educate the public and our advocacy on consumer protection is clear-cut, and we intend to be aggressive more than ever,