How to get rich!

pyramid-scheme

I was in a cab last week and my mobile was dead so I was forced to listen the the cabbie’s choice of radio. In this case he was immersing himself in a podcast. But not just any podcast.

It was an Amway Motivational Lecture delivered by a lively American voice which simply implored that you “Get in with Amway…” over and over again. The cabbie was listening along and nodding as the orator explained how he became rich beyond their oldest dreams.

I have not been able to stop thinking about it since. I mean, I once nearly hosted a second Tupperware Party, and have been along to a Thermomix Demonstration, but I have not really thought about AMWAY since my parents lost many friends who GOT INTO AMWAY in the early 80’s. A lot of their friends had GOT INTO AMWAY and were continually trying to sell them 8 litres of washing powder and the like, until it all got too hard to stay friends with them and they were set free.

Established in America in 1959, Amway is a multitiered marketing tool where you get paid a commission on your sales and then a commission on the sales of other people that you had recruited to the business. Despite not hearing or thinking about it for ages, I was surprised to hear that Amway was recently awarded The Islamic Food and Nutrition Council of America Company of the Year!

If you scoot around the interwbes you will find thousands and thousands of people hailing Amway as the one thing that has changed their lives. (as many as there are ones that tell you how they went broke because of it) The motivational speeches are usually delivered by a pasty looking guy in his late 40’s, filmed in his mothers basement while he wears a cheap white shirt with a polyester tie, but when he opens with his favourite motivational quite from C.S. Lewis, that being “You are never too old to set another goal or dream another dream…” I cannot help but wonder… “Keep dreaming dude..” 

The sad fact is that Amway makes a lot of money selling tapes and podcasts to people like my friend the cabbie.

The truth is that if you are in a selling pyramid scheme, you will gradually lose your friends. But how do you know if it is a legit pyramid scheme?

You are offered a chance to join a group, scheme, program or team where you need to recruit new members to make money.
The scheme involves offers of goods or services of little or doubtful value that serve only to promote the scheme (such as information sheets).
There is a big up-front cost to pay for large quantities of goods.
There are no goods or services being offered for sale by the scheme.
The promoter makes claims like ‘this is not a pyramid scheme’ or ‘this is totally legal’.

Source – Scamwatch

So if someone says to you “I want to make time to have a coffee and share with you a great way to make money.” What would you do?

What are your thoughts on these business models? Have you ever had any success?

And excuse me now as I run for the hills…..