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Amway "Multi-level Marketing" (Pyramid) Scheme

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ScubaSteveFather
Posts: 555 - Karma: 574
Self explanatory. What do you guys think of Amway, and it's multi-level marketing scheme which is based on a pyramid scheme. I've done some research and am looking to write an article about amway for my school newspaper because some students are involved in it. Just looking to see what you guys think. (general population... sorta)
Nov 4 2011 6:41PM
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steezeknees
Posts: 819 - Karma: 9
My dad made himself very wealthy in the amway business.
Nov 4 2011 6:46PM
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cubber
Posts: 1933 - Karma: 638
Multiple-level marketing =/= pyramid scheme unless your only education is geometry
Nov 4 2011 6:46PM
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ScubaSteveFather
Posts: 555 - Karma: 574
It's not exactly a pyrmaid scheme true but it is based on that concept.

Interesting reads on that:

http://www.vandruff.com/mlm.html

http://www.usatoday.com/money/industries/retail/2011-02-07-multilevelmarketing03_CV_N.htm

http://www.cocs.com/jhoagland/amstats.html

Read those to get a good understanding of what is happening
Nov 4 2011 6:50PM
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ScubaSteveFather
Posts: 555 - Karma: 574
It's not exactly a pyramid scheme but it is based on a similar business model. Only real difference is that a multi-level marketing scheme usually has a product associated with it. For example for Amway it is Nutrilite, Artistry, Satinique and others.

Nov 4 2011 7:13PM
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ScubaSteveFather
Posts: 555 - Karma: 574
So NS what do you guys think? I'd like to get some feedback for my article +K to anyone who responds.
Nov 4 2011 8:01PM
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ScubaSteveFather
Posts: 555 - Karma: 574
Anyone? I'd appreciate some statistics +K
Nov 4 2011 11:45PM
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