Is Amway a Scam or A Pyramid Scheme? Well here is my personal Review on Amway. In this review I will tell you about my experience with Amway.
Price: $67 to start
Owner: Jay Van Andel & Richard Devos
Score: 55 out of 100
Introduction to Amway
I first found out about Amway through an old co-worker of mine. One day My old colleague called me, after missing the call I received a text message saying he had something that he wanted to show me and ask if I could give him call. I called him the next day and he said he had this business that he got introduce to and wanted to run it by me. I’m always curious about business opportunities so I wanted to hear what he had to say.
When we finally got to talking he sounded pretty excited about this business opportunity, so of course I wanted to hear more about it. He stopped me short when I started asking more questions about it, he said that he wanted to set up a meeting with him and his manager that way I could understand the business better. That part of the business all the sudden sounded pretty familiar to me, I’ll tell you more about that part later.
We arranged a meeting and met with his other colleague, his colleague gave me the introduction of Amway, told me about the owners and how Amway has been around for 50+ years with over $10 billion in revenue and how Amway give you the opportunity to work for yourself and own your own business everything sounded interesting. His mentor really got into details about Amway and broke down the earnings potential to me on paper.
After talking about Amway for a little over and hour, his colleague wanted me to attend this conference meeting. I remember my friend’s mentor calling and texting me a good amount of time just to make sure I attend this meeting, which I found very odd but I figured I would give it a shot. When I got to the meeting, It was “Deja vu” to me seems like a lot of MLM operates the same way. I have been in many MLM conferences, one thing that always turned me off about them is the way they operate when it comes to bringing new people into the business. You go to these conferences they show you presentations and have speakers talk about how they found success through the product and try to motivate you to get with the program.
I’ve been around this loop way too many times and one thing I’ve learned is to hold on to my money and not let anyone talk me into committing into something that I’m not completely sure about. I got the “ins and outs” on how it works I simply was not interested, they kind of push you to harass family and friends about Amway even if you don’t really know much about the business. I think they should change the way they approach people, the way Amway push for recruits makes the process look a little sketchy. It feels like you are being Recruited by a recruiter that do not know a lot about the product so they have to get a mentor to explain it to you that’s kind of a turn off for me. If I want you to show you a product or a business I will be sure to do my research learn about it first before I promote it to a family members or a friend or anyone, not have someone else explain the product or business for me. I don’t really understand why a lot of MLM operate this way.
My Colleague is still with Amway, it has been about 3 years now since he joined Amway. I check in with him once in a while to see how he is doing with his business. I always get the same answer from him like “things are slow but I’m making progress”. Nothing is wrong with slow progress, I hope he eventually makes something out of it. I think a lot of products out there are better, the road to making a decent income with Amway is undefined to me, which is the reason why I gave Amway a 55 out of 100.
Pros and Cons
- Good quality products, with a wide range of different products
- Easy to access online system
- frequent meetings with mentor
- Too expensive, you will spend a lot of money out of pocket
- The pushy Approach on getting recruits can be a turn off.
- Earning potentials are there but can take a really longtime before you start earning
- Expensive Amway products
- Feels like an MLM recruiting pyramid scheme
Is Amway a business Scam or a Pyramid scheme? In my Opinion…No, although it can come off that way. Would I recommend it? NO, to me it’s simply not that good of a business opportunity . You can have some success with Amway but chances are very slim and it could cost you an arm and a leg before you realize that it’s not for you.