icerat
Philosopher
So: Any business practices can be considered defendable, as long as it results in tremendous net profit for the corporation?! Say, billions in sales!
No, but more than 53 years of history (nearly 80 including Nutrilite) operating (now) in 100+ countries and territories, with products topping sales rankings, and awards around the world is a bit of a hint that it's a legitimate company.
We should take Bernie Madoff out of jail, then.![]()
Took less than a decade for him to be caught, tried, and convicted.
That's interesting. I didn't think it could be done because of rule 2.8 and the IBO registration agreement.
Amway does have some rules around sales of businesses. They've developed over the years as they want people who buy a business to actually know how to operate it.
The LOS area in particular is somewhere I disagree with Amway. I understand why they have the rule but I'm not 100% comfortable with it
Tiny resale value. That's always a warning sign.
Tiny? Do you think it's unusual that someone selling a business gets less than they wanted?
The business in question had enormous potential, but poor structure which means it was an unstable income. It thus did not sell for the price it could have.
Even 30 years ago Amway businesses were selling for hundreds of thousands of dollars.
^^This.
So the Amway corporation itself is hugely successful. How does this help prove it's not a huge scam that's getting away with taking advantage of lots of people?
Nutrilite, which developed the initial MLM model, began in 1934 and is now part of Amway. The business has been running pretty much non-stop since then. That's nearly 80 years. It's been formally investigated a number of times in several countries and cleared every time*.
You have two choices really -
(1) A massive global conspiracy that has allowed it to "get away with it" for so long in so many places, despite thorough and occasionally hostile investigations
or
(2) It's not what you think it is
*though it has been smacked over the wrist a couple of times, rightly in my view, for not properly monitoring and controlling the field.