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.
Then tell everyone what you achieved? Or are you just one of those fly by nite IBO’s who make claims and then attack others without addressing the actualy message?
Your the dishonest one here.
Comment by Outsider — March 11, 2008 @ 1:15 am
http://amway.robinlionheart.com/amvsp&g.htm
“Over 450 products are sold under the Amway name, including laundry
detergent, household cleaning products, cosmetics, skin care products, food supplements and various household goods. In addition, over 6,500 brand name products are offered through Amway catalogs. In 1997, Amway’s estimated retail sales totaled $7 billion worldwide.”
IBOFightback wrong again. Are you ignorant or lying? At least I posted a link as to where I saw the figure as compared to you’re arrogance of assuming that everything you post is a fact.
Comment by Outsider — March 11, 2008 @ 1:48 am
Spend the time you folks are wasting in analysis here to build the Amway business…you can be rich. If you have so much negetive about the business model, why US govt has not banned the business???instead appointed the chairman of Amway in the economic advisory board….whom to beleive…you nay sayers or somebody who is part of the economic advisory board…
Comment by Anonymous — March 11, 2008 @ 9:25 am
They can appoint the chairman of amway as president. It doesn’t mean that being an IBO is a good or profitable venture.
Comment by Outsider — March 11, 2008 @ 10:51 pm
If amway model is not profitable to IBOs why the business is growing, many Platinums, Emeralds & diamonds are broken every year…..how is it possible…..some people pose as they know better than Bill britt…but they are not…because Amway has made real promises & kept it….whatever has been shown in the marketing plan as commision I am getting it every month. Hats off to Amway corporation……
Comment by Anonymous — March 13, 2008 @ 10:26 am
Why are so many diamonds quitting these days? The most recent was a double diamond Fred Harteis.
Comment by Outsider — March 13, 2008 @ 11:35 pm
Foolllsssssss…..
Remember Amway is a 7.2 billion$ company now
working in 93 countries … .fortune 500 company….
biggest market is China!!!!!!!!
450 world class products…600 patents…..
started in 1959!!!!!!!!!!!!
Stop fighting,start doing something….
You can’t stop Amway…
If any one interested in Amway….join with me….I’m successful….
a highly professional team under EDC Sajeev Nair
email….salil2121@gmail.com….
Comment by Salil S — March 22, 2008 @ 7:03 pm
Quote: “Remember Amway is a 7.2 billion$ company now
working in 93 countries … .fortune 500 company….
biggest market is China!!!!!!!!
450 world class products…600 patents…..
started in 1959!!!!!!!!!!!!”
Yes, good for the Devos and Van Andels.
Remember, average IBO income = $115 a month
Comment by Outsider — March 26, 2008 @ 5:25 am
Remember, average IBO work = 0hrs/mth
Comment by ibofightback — March 26, 2008 @ 10:28 pm
Mr. Steadson, I got my average income from Quixtar.
Why are you making things up about the average IBO work?
Comment by Outsider — March 28, 2008 @ 4:29 am
Oh, then why did you fail to mention that if you asked your brother, once, in a whole year, if he wanted to buy some XS – and he said “No” – that you’d be included in that $115/mth income?
Pretty good money for the work.
I didn’t make up the average work, the average IBO does no work. Heck, if it’s anything like Shaklee, 85% of IBOs didn’t even join with an aim to make money – they joined to get IBO pricing and benefits.
Comment by ibofightback — March 28, 2008 @ 9:09 pm
oh, and why the very slimy and somewhat concerning obssession with my name?
Comment by ibofightback — March 28, 2008 @ 9:11 pm
David J Steadson aka ibofightback, if one IBO did 2 hours, the “average: cannot be zero. Stop lying and spreading false information. No wonder “The Rocket” calls you “spinsider”.
The corporation defines the terms active IBO and issues the average income. The stuff you make up is worthless unless your claiming to to represent the corporation. Are you?
Comment by Outsider — March 29, 2008 @ 12:04 am
Looks like the cat’s got ibofightback’s tongue.
Comment by Anon — April 9, 2008 @ 1:47 am
Nope, just been otherwise engaged. What’s your name, Outsider? You seem so obsessed with mine it really is getting creepy. Do you peer in my windows at night?
Yes, the corp defines “active IBO” – have you bothered to read what that definition says? I just told you, you ignore it ’cause it doesn’t fit your fantasy. **Once in a year** say to your brother – “hey, bro, wanna buy some XS?”. Your brother says “no!”.
Voila, you’re an active IBO – average income, $1380/yr. Pretty damn good income for asking your brother a question, don’t you think?
Comment by ibofightback — April 9, 2008 @ 10:05 pm
“Voila, you’re an active IBO – average income, $1380/yr. Pretty damn good income for asking your brother a question, don’t you think?”
If you really believe that you have cow chips for brains.
My name is outsider. Kinda funny isn’t it?
Opposite of insider. LMAO
Maybe I should call myself IBObeatenup? ROTFL
Comment by Outsider — April 9, 2008 @ 11:42 pm
oh, yeah, your definitely a laugh a minute – and if you believe the “average IBO” works real hard and makes only $115/mth then even cow chips would be an improvement for you.
Now, c’mon, Outsider (hahahah) fair’s fair – what’s your real name, since you’re so obsessed with sharing mine with the world?
Comment by ibofightback — April 10, 2008 @ 8:15 am
My name is George.
BTW ibofightback, you still earning a living by hosting brothel websites on ass-gard?
Do you enjoy exploiting women to make a living?
Comment by Outsider — April 11, 2008 @ 12:28 am
Bt the way, saw the information about ibofightback on quixtar blog forum, critic’s section, insider’s identity revealed.
It’s all there.
Comment by Outsider — April 11, 2008 @ 1:34 am
From Quixtar Blog, thanks to “Whoz”:
David John Steadson BSC, GDipHsc (Graduate Diploma in Health Science)
Owner, NeDaMi / Asgard and Internet Specialist, (Amway distributor?)
Born: December 11, 1968 Sydney Australia
Oh, don’t forget to check out these sites hosted by asgard.net. They are however adult content.
http://www.kissesmassage.com a website for a brothel in High Wycombe England
http://www.sapphiresmassage.com a website for a brothel in Watford England
http://www.pinkpendulum.com a greeting card supplier for gays
http://www.ambienceunlimited.com a non active site that specialized in Glamorous Items for the Cross-dressing Community (you will find it on archive.org)
Comment by Outsider — April 11, 2008 @ 2:13 am