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Old 06-24-2017, 12:29 PM
 
Location: Florida
2,410 posts, read 627,079 times
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I was invited to a sales pitch the other night for something called Amway. They want 180 bucks to join with talk if you work hard enough, you will be making 6 figure income in 3 to 5 years. I'm researching it now on youtube, and many people say it's a scam. Anybody here know?
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Old 06-24-2017, 12:38 PM
 
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Amway is an old MLM which has been around since the 1970s at least. TANSTAAFL.
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Old 06-24-2017, 12:52 PM
 
Location: Michigan
1,784 posts, read 1,144,124 times
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Quote:
Originally Posted by warhorse78 View Post
I was invited to a sales pitch the other night for something called Amway. They want 180 bucks to join with talk if you work hard enough, you will be making 6 figure income in 3 to 5 years. I'm researching it now on youtube, and many people say it's a scam. Anybody here know?
Technically it's not a scam, (it is a pyramid deal though) BUT, you'll have to continue to buy a LOT of product to put in your basement. Then you must run it like a serious business, if you can't don't start. What happens to most people, is they last about 3 months, run out of/alienate family to keep bothering to try to sell some of this stuff. Then they quit, and end up with a lifetime supply of soap and cleaners.
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Old 06-24-2017, 12:55 PM
 
Location: Long Neck , DE
4,903 posts, read 2,767,024 times
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I did not know they were still around. I had a friend years ago who seemed to be doing well. I believe with this you make a lot more recruiting others than on product sales. You may find if you seriously get into it people will begin to avoid you.
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Old 06-24-2017, 01:15 PM
 
Location: State of Transition
72,641 posts, read 64,111,757 times
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It used to be a scam, but isn't anymore, strictly speaking. The original court case against them was due to the fact that they required people to buy a lot of product, and didn't allow returns/refunds. That issue was remedied. So I don't know what the $180 to join could possibly be about. Ask them if you can return unsold product. If they say "no", report them to the BBB and local government authorities.

Some people like it, because it provides an environment, through periodic regional meetings, where members really boost each other and cheer each other on. It provides a sort of "family" for people to belong to, for those who need that.

If it's like other pyramid schemes (Avon, Noni Juice, Shaklee vitamins, etc.), you don't make much profit on direct sales to people. Where the profit comes in is when you're able to rope others into being vendors under your authority. So it's not enough to find customers; you have to find people willing to buy into the whole scene, and become vendors. That's more challenging that getting someone to buy a product, which isn't easy in itself, either.

It sounds like a big headache. Also bear in mind that you'll owe self-employment tax, and will have to file quarterly or bi-annual tax returns with your state tax office, most likely. So you have to keep good records, all receipts, etc. Some people are ok with that, others feel it's too much hassle.

Last edited by Ruth4Truth; 06-24-2017 at 01:53 PM..
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Old 06-24-2017, 04:40 PM
 
Location: NC
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Betsy DeVos
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Old 06-24-2017, 11:45 PM
 
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I have a friend that tried for a couple years to make it big in Amway. He wasn't successful and if he couldn't do it, I doubt many can. This guy is an amazing entrepreneur and sales/marketing person.

He basically said there was no way to find enough people to put under you that had the needed drive. Just being ambitious wasn't enough, you have to be an absolute maniac. People like that are already running their own businesses.

He went on to found and build a multi million dollar business.

MLM is usually all about getting the founders and a few early adopters, who are related to the founders in some way, rich.
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Old 06-25-2017, 04:56 PM
 
Location: Holland
815 posts, read 994,156 times
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Quote:
Originally Posted by warhorse78 View Post
I was invited to a sales pitch the other night for something called Amway. They want 180 bucks to join with talk if you work hard enough, you will be making 6 figure income in 3 to 5 years. I'm researching it now on youtube, and many people say it's a scam. Anybody here know?
Are they guaranteeing in writing that you will be making 6 figures in 3 to 5 years?
Read this: Can You Make Money With Multi-Level Marketing
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Old 06-26-2017, 07:48 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,382 posts, read 50,562,503 times
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My mother-in-law did Amway for many years. She liked the products and was a dealer only to be able to buy it wholesale.
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Old 06-28-2017, 09:52 PM
 
2,159 posts, read 2,506,391 times
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As others have stated, technically, it's not a scam but good luck making money with Amway. Their profit margin isn't high enough to be worth my time trying to hustle it for a living. In the world of sales, you don't close often enough, so find a product that if it's sold, the profit margin is large enough to be worth your time.
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