Only in the most technical sense. Consider LuLaRoe (I'm only 90% sure I've got the name right, this might be a different MLM); you pay for your own inventory, and then they ship you a random bag of clothes. If a certain pattern sells really well - you have no power to order more of it. If a certain pattern doesn't sell at all - you have no power to nix it from your future inventory.
You absolutely got the name and the “business” model right.
If I never again see a “super cute!”, eye-searingly gaudy pair of leggings or other clothing being flogged online by one of my sweet but socially-susceptible high school classmates, it will be too soon.