What is the fastest way to loose your all your friends and acquaintances?
Join a Pyramid Scheme like Amway or GoldQuest
You need to be a fool to pay money to enroll into one, and then to recover from your losses, you push 10 more of your friends down the same path. What you don’t realize it that in this quest, you have bugged 100 of your acquaintance and not only pitched the idea unsuccessfully, but irritated them so much that they will never ever again talk to you.
According to wiki:
“A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered.”
Common traits:
* A highly excited sales pitch, the whole time the presenter will try to sell you an idea of becoming an entrepreneur, having others earn for you etc, but he will never bother to tell you what work?
* Little to no information offered about the company unless an investor purchases the products and becomes a participant.
* Vaguely phrased promises of limitless income potential.
* No product, or a product being sold at a price ridiculously in excess of its real market value. As with the company, the product is vaguely described.
* An income stream that chiefly depends on the commissions earned by enrolling new members or the purchase by members of products for their own use rather than sales to customers who are not participants in the scheme.
Pyramid schemes work on a simple principle:
Enroll a fool and rob him by asking him to pay an exorbitantly high membership fee or buy some trinkets. Then make your customer your employee. By paying him a small fraction of the revenues, ask him to rope in his entire friend circle.
If you happen to be trapped in one such presentation, then you will realize that the whole time the presenter will talk irrelevant stuff.
Here is how my meeting went:
1) He will say how a bottle of cold-drink/greeting card which costs 10/- in retail actually costs a few paise to manufacture and rest all the markup is because of the distribution costs.
Well if you do want me to be a salesman, then please do bring your product catalog…. but you will never get a chance to see it. Also you would realize that even though he is a salesman for the same company, his intentions is not to sell you its products… his sole intention is to enroll you as a member.
2) Then he will keep on going about how life of a salaried guy sucks and he does not get due compensation for the business he brings to the company
well sir, I earn a 7 digit salary (INR), so I am not complaining and if you do have a solid business plan, then do explain it to me… but then you will realize that all he wants to do is touch your emotional chords.. he has nothing substantial to explain.
3) He will keep on saying, if you enroll in members, that you will get a commission from the business they bring….
Well sounds exciting, but what is the business? how do you guys make money… all you will get is silence.
4) Then he will draw complicated diagrams explaining how you will earn money etc.
Here you will realize that none of it revolves any logical business. I agree you were a fool to enroll in the first place, but that does not mean that the world has an endless supply of fools to rob from? After all the fool and his money soon part, so my probability of finding one in time is really bleak.
5) Then he will go on and explain how big the company is, how much is its revenue etc.
Good, so the company has already cornered the entire business space… now how will I find room for expanding.
All they are selling is the idea to get rich without putting in efforts. Well there is nothing like a free lunch.
If you know one, then please let me know.
sree
Sandip Chaudhuri
vbr
Skabeesh
shobhendrasrivastava
see figures and facts talks
amway grew from .5 milion to 1.8 billion in 1999 to 2007
34 new diamonds in india in 2008-2009
tons of emeralds and platinum all over world
in 80 plus countries and terrotories (most stable and rich in the world)
in north america 1.5 million products distributed with 450 exclusive and other market products each having there own lawyers to protect illegal businesses
pyramid schemes are illegal in many countires amway has established itself including north america
charities to red cross and other institues
one of owner and his son served in us has been chairman of us chamber of commerce
your decion it works is right for you and it doesnot work is also right for you. Your choidce man/ladies
any more questions plaese : pankajsallh@gmail.com
Comment by pankaj — August 21, 2009 @ 2:26 PM
Just because Amway is legal doesn’t mean it’s a good idea to be an IBO.
Comment by IBO_FB — August 22, 2009 @ 11:06 AM
Friends,
Goldquest has collapsed in India.
There is another binary based pyramid scheme called RMP Infotech, these guys pay huge commission for adding 2 persons. I don’t know from where they get these so much money to pay such a huge sum to all the uplines? A big question Mark ??? + there is a weekly income cieling !! Why man why?
Amway on the other hand pays commission to uplines based on total sales, BUT ONLY after deducting the commission paid to the downlines.
Simple business & it really fits for a Leader OR would be leader. I am open to questions. shoot them on – only-legal-and-smart@yahoogroups.co.in
Comment by Chandan — September 12, 2009 @ 2:50 PM
GoldQuest has collapsed ,the main reason behind it was ,it did not have any product . One thing you all need to remember b4 joining any Networking business is whether it is backed by solid products or not . Secondly you need to see,the history of that company.
As far as Amway is concerned ,its there from 50 years and across 80 countries. Its a clear cut business ,wherein you get commission only if Amway products get sold either by you or by your group. For a middle class family who is ready to put in hard work but does not have money to invest ,Amway can be a lucrative option. Many people have successfully developed this business and the way Amway is expanding it product list ( From 6 earlier its nearly 140 now) ,and lowering the price ( An Amway Dynamite Deodarant- costs Rs 150 for eg.) ..the day is not far when every body will be using Amway products. The only question that can remain for you is wheter the entire group/state/country who is using the Amway Products belongs to your group or not.
As far as loosing Friends is concerned its totally your personal view , bcoz i have all my friends/family in this business and all of us are earning . This business helped me realize the true pottential of my friends and we got closer to each other ,having something to rejoice everyday .
So the choice is yours ,either you can keep cribbling and crying or you can join a strong network of Amway (like that of ours ) and Keep Smiling everyday. Contact me on workasconsultant@gmail.com
Comment by pawan — October 12, 2009 @ 7:58 AM
^^^
No thanks, a pyramid scheme is totally dependent on leeching, Good that your friends and you are happy about it though.
Comment by Sandip Chaudhuri — October 12, 2009 @ 11:18 AM
Amway sounds stupid, one of their spokesman approached me the other day and fooled me into meeting with him, and when I did, all he talked about was how the mentors he had made so much money. What a joke.
Comment by Anonymous — January 21, 2010 @ 6:54 AM
Yes, Amway is a scam. They’ll focus on the one successful guy or leader, but ignore the massees who are losing their asses.
Comment by IBO — January 23, 2010 @ 7:00 AM
Regarding Amway, If you actually stuck around long enough and actually took it seriously you would have found that it takes a lot of effort and hard work to reap the rewards at the end of the day.
Regarding “masses losing their asses”, its true but so is the fact that the masses is generally too lazy to work hard in the business. But hey, if you spend loads of money buying a McDonalds franchise and go under in the first year it must be the stupid franshise that doesnt work and has robbed me of my dignity.
Comment by Mat — February 10, 2010 @ 1:06 PM
The masses lose their asses because Amway and the teaching system doesn’t work. McDonald’s is a proven entity. There’s no bonafide evidence that hard works equates success in Amway.
Comment by Steve — February 10, 2010 @ 10:12 PM
Pyramid schemes are mathematically nonsustainable. You don’t have to go down many levels before you simply run out of people to keep it going. You have to be one of the lucky ones near the top of the pyramid in order to make real money. The poor shmucks near the bottom will not make it.
Comment by CK — July 3, 2010 @ 1:13 AM