Is the company, Amway, a ponzi scheme or is it legit? The speaker said that there are people that make over $10k a month in their 20s and retire early. Is this too good to be true?
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It's a multi-level marketing company. Legal, but shady, and sad.
http://en.wikipedia.org/wiki/Multi-level_marketing
It always is.
It is sad, but it's a legitimate business model. However, DO NOT drink the kool aid: people making tons of money in their 20's and retiring to a beach in Antigua are in the 1% of the 1% of the 1%. Even people making enough to sustain themselves are in very few numbers. Your time is much better spent on an actual career.
Plus, you lose out of a lot of things doing MLM. The intellectual, social and financial capital you acquire will be less, lower quality and more volatile, respectively, than if you work an actual job.
Finally, it's on the level of working at a McDonald's. You can advance and make more cash, but who the hell wants to do that? You look like a fool as a kid in your prime and "proud" to be working a job that clearly doesn't live up to your potential.
In short, forget about it and don't ever talk about it again.
Agreed. I worked there last summer, and after being around their people for awhile it became pretty clear that it's a shitty option. Avoid at all costs.
It's legit. The organizational structure is heavily skewed towards helping a highly centralized and established group make lots of money with the entry price into that group being an obscene amount of work and luck. So, on those grounds, people should be more aware of what they're getting themselves into.
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