Today’s big question: Is Amway a Scam?
Today’s big answer:…………..coming soon! READ ON….
So unless you have been living on the moon (Is that possible yet?) for the last century, you would have heard of Amway. You would have heard a lot of good stories about this company and probably also a lot of bad stories….
Firstly I want to let one of my biggest mentors talk to you about this fascinating company.
Robert Kiyosaki – What is Amway? Is Amway a Scam!!??
So there is obviously a long history there and a lot of questions still to be answered.
There are two basic points that you need to know about Amway….
To make money, you need to do two things:
You need to invest in the company and become an Amway affiliate. This means you kind of buy the license rights to their products so that you get a commission for selling them
Actually SELL some products and build a team. This is where over 90% of people fail. A lot of them then go on to call Amway a scam. You need to learn off the best about how to do this. There is no short way around it!
Going back to the video above, Robert Kiyosaki delivered some SERIOUSLY good info about how to become financially independent at the start. As I mentioned, I have learnt a lot off him over the years…
When I start writing and talking about this sort of thing I can talk for a long time. I am passionate abotu wealth creation and getting you to a place where you want to be!
It’s about doing LESS of what you don’t want to do and MORE of what you WANT to do!
Can I actually quote myself here? Well it is my blog right. Seriously, I was taught a similar saying and have coined that as my own…
Back to the Amway Scam…
There is NO way that a company could be around in the MLM Industry for so long if it was a scam. No Amway is not a scam!
There is however a massive gray area about what exactly is ethical and not. There is a massive focus today on businesses being fair to their customers. There really is so much information out there now about companies and what they do.
Yes, there are a lot of people who join Amway and never make a dollar online. Do most of these people put in little effort? Yes, that is true too. I know there are people who put a lot of effort in as well and fail too but it isn’t common if they are doign the right thing.
It is just a major learning curve for a lot of people. You really need to get in and get busy.
SO If you are thinking about Amway…here are my positives and negatives…
- You don’t have to create products. The idea of building a business solely around products that are not even yours would have once been thought of as obsurd. Now it is quite common though. This givey you a whole heap of advantages.
- Training. You can learn as you go and invest as much as you want.
- Trusted system that works for people who figure it out.
- A lot of people struggle realising the fact that you are building a business around yourself. You are the business and need to expand it using advertising to bring in new customers. There will be competition and set backs as with any business.
- Massive learning curve for people who have never had anything to do with MLM.
I have never been affiliated with Amway and don’t know exactly what happens on the inside. Is Amway a scam? No it most definitely isn’t, I know that.
I recommend that you do a lot of research before investing into any industry and with this one as well. You need to familiarize yourself with exactly how things work and with what the whole deal is.
That was something I learned early on in my investing career.
So I just want to leave you with this thought.
It isn’t the greatness of the opportunity but what you make of the opportunity.
There are a lot of things that work, you just need to make them work. Get out and get busy.
If you want to know more about me, check out this YouTube video
Colin Burnett-Is Amway a Scam?
The Aussie Abroad