Will Herbalife make you rich?

Last week we looked at Amway, one of the world’s biggest Multi-Level Marketing schemes and I asked the same question. Will Amway make you rich? Or will it make you any money at all?

The answer was simple. No. You won’t become rich by joining Amway and the odds are that you’ll probably lose money if you join the scheme.

Maybe you think I’m biased and this all based on my uneducated, ill-informed opinions? That’s certainly what several Amway distributors, or “Independent Business Owners”, “IBO”s have told me over the last few years and in particular over the last week. My opinions are, according to them, ignorant and biased. Actually this isn’t based on any opinions at all, it’s based on the figures that Amway are required to publish every year in the United Kingdom. When the UK authorities tried to close down Amway a decade ago, Amway dramatically cleaned up the way they did business over there and they started publishing an annual “Earnings disclosure statement” that showed how much their recruits actually earned. The latest statement, published in 2016 that covered the year ending in September 2015 made very sad reading. Only one out of almost 40,000 IBOs made more than the average annual wage from their Amway business. The vast majority of them had an income of less than three percent of the average annual wage. And that’s just their income, not their profit. Those miserable amounts are before they paid their internet, phone, electricity bills and their rent. It’s before they bought all the marketing material, attended all the workshops and seminars and before they spent all that time desperately trying to persuade people to join the scheme. The reality is that when these things are considered it’s reasonable to think that almost everyone, probably more than 99% lose money rather than make it from joining Amway.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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