Would you like to hear about an incredible, life-changing opportunity? Just say no.
As a native Grand Rapidian, I am no stranger to the Amway business model. While none of my friends have ever gotten sucked into a pyramid scheme, pretty much everybody I know has a relative who has worked for the notorious soap behemoth. Turns out now Amway is getting into the ever-blossoming music industry! The New York Times has the scoop.
Here are the interesting tidbits:
• If your friend joins and buys something, identifying you as the reason for joining, you get 5 percent of the sale in cash or credit.
• Alticor (a/k/a Amway) is Fanista’s sole financial backer.
• Alticor generates about $6 billion in annual revenue.
• Amway pleaded guilty in 1983 to defrauding the Canadian government and paid $25 million in fines.
More after the jump…