psionl0
Skeptical about skeptics
I'm not sure how much lower the membership fee revenue will go but I bet advertising revenue is down.
I don't believe it's the gambler's fallacy. However, the Amway leaders use pretty clever psychology with subtle psychological pressures.
They employ and "us versus them" mentality. The people in Amway are winners and everyone else is a loser destined for financial hardships which includes working the rest of their lives.
Then they teach that you only lose the game if and when you quit. They give inspiring stories of how some athlete (such as Michael Jordan) would never quit during a game.
These techniques result in people staying in the business longer than they practically should.
In the meantime, the uplines make a fortune selling the faithful a bunch of training materials and seminars to a captive audience who believes in "never quitting". It's quite clever when you break it all down.
Last edited:
Maybe not a dictionary perfect, according to Hoyle "Gambler's Fallacy" but a similar concept where the sunk cost is not money but money and friends/family.
MLMs "encourage" people to recruit their friends and family. You're 5 hundred, thousand, ten thousand, a hundred thousand into the hole with Amscentyway or whatever and to jump ship at the point not only loses you your money but the feeling of abandoning the friends and family you've gotten involved as well.
MLMs "encourage" people to recruit their friends and family. You're 5 hundred, thousand, ten thousand, a hundred thousand into the hole with Amscentyway or whatever and to jump ship at the point not only loses you your money but the feeling of abandoning the friends and family you've gotten involved as well.
blutoski
Penultimate Amazing
- Joined
- Jan 10, 2006
- Messages
- 12,454
That makes sense for a couple of reasons. Firstly, most Amway people I know are trying several MLMs. I mentioned my friend above, the one with the gofundme for their car, they're probably juggling 5 MLMs at any given moment. He was hitting me up for Amsoil the other day (I don't own a car).
Another reason occurred to me a few days ago when I was digesting this thread in my head on the way to work: MLMs are actually pretty bad if you are travelling, specifically because they depend so much on local networking. If you're a military spouse moving into a new location, you're probably the 30th Amway agent there, and you have to build from scratch every time. This is why I was mentioning other professions as being more realistic. But to your point, it's probably good to find an MLM that hasn't been dominated yet, find an unfilled niche.
I do have a friend whose service spouse moves him around. Just for context: my friend is a male, his wife is a trainer in the Air Force - they're in Cold Lake Alberta right now. His solution is that he is a professional writer. He has at least five branded pseudonyms right now. His agent and editor are in Toronto, it doesn't really matter where he's physically located, and he can work around family. Makes about $50k/yr.