Is National Wealth Center a scam?

Zelenius

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Zelenius
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From the National Wealth Center website:

National Wealth Center (NWC) has revolutionized the home based business opportunity. Over 300,000 lives impacted worldwide. NWC has a 5 year track record of unprecedented success. NWC is backed by Multiplex Systems Inc. A 14 year old debt free US based corporation. At this point It’s clear, NWC will be around for decades to come. NWC is a platform that provides the opportunity to get out of the rat race, educate yourself with a robust educational suite of audio and video products and save money on the worlds largest brands. In business, timing is everything. NWC is the perfect convergence of opportunity and industry, which means you are truly at the right place at the right time! Never before has it been possible to so quickly and so easily launch your very own business from home. We believe this is the most affordable home based business in the world. Invest in YOU. Become a member of the NWC family. Start unlocking your powerful earning potential today.
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Zzzzz..... The above is multi-level marketing boilerplate that sounds like what Amway has been pushing for decades now. Yes, of course it's a scam, but does anyone disagree? Does anyone have any experience with this company? Any funny stories to tell?

I have no direct experience with NWC, but I keep running into people online and off who are pushing this thing on me. I've been forced to block or unfollow a lot of people online for promoting this or other MLMs.

This company's "products" seem to consist of crap videos about business development that members watch on NWC's website, after paying membership fees. And of course, when you're a member of this MLM scheme, you're supposed to aggressively recruit people, and you make commissions off of people you recruit and so on. In some ways, NWC seems better adapted to the Internet Age than Amway, since NWC's "products" are just software on the internet.

This company apparently is a reboot of "Infinity Downline" and was founded by Peter Wolfing.

I really wish people would stop falling for this crap.
 
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I think that this scheme has been going on for thousands of years: marketing the marketing is a bright red flag.

I particularly like the schemes that tell you that you are not wealthy simply because you are not thinking about things the right way. These lectures (now books and especially videos) will unleash the wealthy person inside of you! If only you thought about things like wealthy people, say Donald Trump, you can re-arrange your self-defeatist attitude and start to draw money to you hand over fist. Of course, I am not going to give you this information for free (in fact, your buying it proves your commitment and trust and is a necessary first step). So this precious information may cost you a small amount right now. But in a year, it will just seem like peanuts to you! I have testimonials!

Oddly, this scheme does seem to make money for the people offering it. For the people buying into it- not so such.
 
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Giordano said:
I think that this scheme has been going on for thousands of years: marketing the marketing is a bright red flag.

I particularly like the schemes that tell you that you are not wealthy simply because you are not thinking about things the right way. These lectures (now books and especially videos) will unleash the wealthy person inside of you! If only you thought about things like wealthy people, say Donald Trump, you can re-arrange your self-defeatist attitude and start to draw money to you hand over fist. Of course, I am not going to give you this information for free (in fact, your buying it proves your commitment and trust and is a necessary first step). So this precious information may cost you a small amount right now. But in a year, it will just seem like peanuts to you! I have testimonials!

Oddly, this scheme does seem to make money for the people offering it. For the people buying into it- not so such.
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Exactly. It's the same fluff over and over and over again. It's a good thing I've been exposed to MLMs from an early age by some relatives. This has helped immunize me from them, and I suppose most other scams. Of course I could fall for a scam, no one is 100% immune, but I could recognize an MLM from 3.5 billion miles away(no MLMs on Pluto as far as I can tell from the photos).

So nothing is ever new in MLM-land. Except for the names and the facade. It's always the same kind of "opportunity". What I'm trying to figure out is what does National Scam Center, I mean National Wealth Center do that distinguishes it from Amway or the other big bad MLMs. So far, it seems that NWC's army of zombies, and the people running it are just more internet savvy and younger than Amway's. I see no innovative gimmicks, except that it relies on few if any physical products.

I suppose another advantage of NWC is that it has a lot less baggage than Amway. It seems almost everyone I know sees Amway as a scam but few have heard of NWC. Amway is well-known enough that it was joked about on "House of Cards" not too long ago.
 
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Trebuchet said:
Congratulations. This thread has managed to disprove Betteridge's Law of Headlines.
https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
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Actually, it proves Betteridge's Law.

It's not a scam. You can ask the Icerat contingency, but there are MLM schemes that are obviously MLM schemes but are not scams. They deliver what they promise, it just ain't worth anything. They're selling "affiliation" and the downline. People are not buying into it expecting any real help, but an opportunity to build a business among others who want to get in on an MLM opportunity. Personally, I find these people a tad amoral, but a lot of business people are.

A "scam" MLM offers products that don't do what they say, keeps your deposit, doesn't pay out your commissions, etc... Evidently this group actually delivers what it says it will... it's just that the end product is a bunch of generic crap that you could find on line. Their product is "marketing". Probably most of the participants haven't even bothered to give more than a cursory check to the video/dvd libraries they're selling - they're too busy looking to sign up the next affiliate and get that commission from them.
 
Foolmewunz said:
Actually, it proves Betteridge's Law.

It's not a scam. You can ask the Icerat contingency, but there are MLM schemes that are obviously MLM schemes but are not scams. They deliver what they promise, it just ain't worth anything. They're selling "affiliation" and the downline. People are not buying into it expecting any real help, but an opportunity to build a business among others who want to get in on an MLM opportunity. Personally, I find these people a tad amoral, but a lot of business people are.

A "scam" MLM offers products that don't do what they say, keeps your deposit, doesn't pay out your commissions, etc... Evidently this group actually delivers what it says it will... it's just that the end product is a bunch of generic crap that you could find on line. Their product is "marketing". Probably most of the participants haven't even bothered to give more than a cursory check to the video/dvd libraries they're selling - they're too busy looking to sign up the next affiliate and get that commission from them.
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Actually, I don't see how they deliver what they promise. It's promoted in a manner very similar to Amway. You'll get rich or at least make an above average income if you buy into this "opportunity" and work at it. The main difference is that their "products" are virtual. The main "product" with MLMs is not their physical or virtual products but the opportunity. The products of MLMs are ultimately just a way to disguise that it's really a pyramid scheme.

Of course, almost no one makes money with any of these schemes, except those at the top.
 
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