|Type of Business:||Multi-Level Marketing Scam|
|Skill Level Needed:||N/A|
by David Harris | Updated on August 28, 2022, at 10:59 AM:
Amway by Rich DeVos and Jay Van Andel found at amway.com is the mother of all MLMs, which is one way of putting it.
Amway has been around longer than any other multi-level marketing business opportunity both on and offline.
They started up way back in 1959 in Ada Township, MI.
They will most likely outlast them all despite their horrible past and present notorious reputation.
All those people who have been stuck with garages full of crumbling Amway products may grudgingly agree with this if they didn’t return their unsold products.
Many have complained of their return policy as being shady.
Amway’s products are made in Michigan, India, and China.
Yet they’ve been previously banned from doing business in China and other countries including India and parts of Europe.
Some of the troubles Amway has brought on itself include a few lawsuits including the one from Procter and Gamble.
A settlement of $19.25 million was reached in the 1990s due to distributors who spread rumors that the P&G CEO practiced Satanism and placed Satanic symbols on their products’ logos.
Amway also settled for $45 million Canadian dollars with Canada on charges of tax evasion and customs fraud.
And in 2010 they settled a class action lawsuit against them on charges of wire fraud, mail fraud, and for being a pyramid scheme.
The settlement was for a whopping $150 million dollars!
These are just a few of Amway’s many legal problems worth mentioning.
However, I’m sure you want to know if this is a business opportunity you should get involved in.
The answer is an emphatic… no.
For one, the tactics they use are along the same lines as brainwashing and the atmosphere in the meetings can be described as cultish.
They talk up a storm about how rich you will become through direct selling.
Then encourage you, as a salesperson, to buy thousands of dollars of way overpriced products and ineffective success tools.
Then persuade you to recruit others to do the same in an endless chain scheme that can only end in near, if not total, financial ruin.
Even if you didn’t have to inventory any product and they were available for dropship, it changes nothing as far as this being a worthwhile venture.
Normally, we don’t recommend MLM as a business venture, as 99% who try it fail.
However, due to the many fraud and ethics issues Amway has, there is no choice but to call it a scam.
Not to mention that there is never a good financial outcome for you when dealing with any MLM.
Stay away from this train wreck as far as humanly possible.
We do not recommend doing this or any MLM.
Thanks for reading our Amway review.