Saturday 16 August 2008

Come to the point my Amway friend

It has been umpteen times made it clear that this movement is against all multilevel marketing companies whether the fraudsters are from abroad or Indian crooks. But the mother of all scams is the Amway which brought this multilevel marketing in the guise of product sales and actually indulged in money circulation scheme. That is why the main target is Amway. Ask any multilevel marketing agency they point out at Amway and say when they are doing business why not we.
Our IBO friend is conspicuous by his silence over the Rs. 1,800 collected by the Amway for merely becoming a member. Does any businessman collect subscription fee for purchasing products from him. That is the point. And merely saying that the rival is paying for pointing out the easy and quick money racket is nothing but cover up.
Ignoring those comments shall we move forward for the next course of exploitation by the Amway.
The terms and conditions of 'Distribution Renewal Form' supplied by Amway clearly state the following issues.
Condition No 3: The distributionship agreement if not renewed by Amway shall stand terminated on December 31 on or expiry of one year from the date of distributionship, as the case may be. Condition No.12: The Renewal of subscription fee including Block Renewal Subscription fee is non-refundable. Condition No. 14: Renewal of subscription fee is mandatory to continue with business and maintain your position in line sponsorship.
It can be safely said that from 4,50,000 distributors, the company would get a sum of Rs. 44,77,50,000 (Rupess Forty Four Crore Seventy Seven Lakh and Fifty Thousand only: at the rate of Rs. 995X4.5 lakh) per annum towards renewal fees on completion of every year without offering any service to the distributors. This can only be stated as Easy and Quick money.
Let us look at the renewals for the last three years: From September 2004 to August 2005, the Amway has received Rs. 24, 91, 35, 424; From September 2005 to August 2006, it has received Rs. 25,71,80,305 and from September 2006 to August 2007 the Amway received Rs 30,78,66,574 as renewal of subscription fee. This is apart from the new enrolments.
In the name of merely subscription renewal the Amway has garnered several hundreds of crores of rupees. If this is not easy and quick money what else is my friend.

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