TubeNet

A friend of mine invited me to a meeting last night about a business opportunity called Quixtar http://www.quixtar.com/ . I was wondering if anybody had tried and was successful, or if anybody had regrets about it.

I saw a TV show on this on one of those weekly news shows like 20/20. I can't remember which one, but they basically panned it as the typical multi-level sales scheme, where the first people in can make money, but the typical participant loses, in some cases loses a lot. Of course that makes sense because it is the next generation of Amway. Amway products are decent, but the company was built on the prototypical multi-level marketing program.

I've been to the Alticor and Quixtar web sites, and I read about gross revenue, but I can't find a balance sheet. The company seems to be privately held, which means that one may not be available. So I haven't been able to determine how much debt the company is carrying, nor what their overhead is--and hence, their profits.

They seem to be expanding well into the Far East, according to their own statements, so if you're the traveling sort, it may represent a good opportunity.

But check it out, check it out, and then check it out again, particularly as regards the financials and management of the firm. Get references, if you can.

IT'S AMWAY
they changed the name, but the check comes from Amway. Not worth your time. I did it for a year and it was a waste. The products were not very good and were overpriced and after I sold $200 worth of merchandise I got a wopping $0.17 for my effort. The people they get into it get real weird and fanatical and talk about "THE PLAN." There were people at the Army Band at Ft. McPherson who were doing it and it got so bad that the commander told them not to talk to people about it at work. They also try to fuse it with Christainity and tell them that this is an opportuntiy brought to you by God. Steer Clear, feel free to email me with any questions.
Bill Pritchard

Probably Amway without the name recognition...

It's the online division of Amway

Bill

Tubadork wrote:It's the online division of Amway

Does that make it Amnetway?

Daryl Fletcher wrote:... the things in life that are worth so much more than money... I have my friends, my family, ...

This is the big problem with these multi-level marketing things. Your relationships with friends and family wind up becoming vendor/customer relationships. I don't want my friends to become nothing more than a revenue source, or to think that's all they are to me. I want them to be my friends. How can it NOT hurt our relationship if I'm trying to sell them some product or talk them into being "sponsored"?

Several years ago, we had a half-dozen or so acquaintances ratchet up a friendship (suddenly wanting to go to lunch, have us over to the house, etc.), then spring their MLM scheme on us. In each case, I very nicely explained that I wasn't interested, but hoped that we would continue to be friends. And in each case, they chose to return to being acquaintances, and fairly chilly ones at that -- probably too busy trolling for sponsorees to take time for mere "friends" .
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Joe Baker, who is content to let his friends keep their money.

Daryl Fletcher wrote:We had to make a decision about this within 24 to 48 hours of the meeting, so I was scheduled to meet with my friend last night.

That is almost always a red flag. Any pressure to decide quickly about something t6hat involved is a bad sign. Like the time share offers that you have to decide on that day. If it's such a good deal, why rush the decision?

I remember a good friend of mine in college being called over to a friend's house with his then fiance (now wife) for another Amway subsidiary.

He was all hyped on that shi... I mean stuff. I knew a couple of other folks who did the Amway deal. I was basically so obnoxious about it that they knew not to come to me. Interestingly enough, I still am very friendly with these people. Even more interesting is that they no longer sell that shi... stuff anymore.

I'm with Joe, in that I cannot believe that people want to travel down the road of trying to sell to their friends. Especially at this level. I have been in the situation of selling product to friends many times in the past, but it was me, as a representative of my firm, selling to them, on professional time. I could never work up the cajones to go over to someone's house or invite them over to mine to get into a partnership of selling soap.

Was it P.T. Barnum who said it? There's a sucker born every minute. There must be, for this crappy business model to have survived this many years.

Ain't it funny that the word fiance is only an N of one away from finance ???

Matthew Gilchrest wrote:Was it P.T. Barnum who said it? There's a sucker born every minute.

A fool and his money are some party!
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Joe Baker, who may be a fool, but who has no money (I have children instead )

I know!!! TubeWay! And we can be the first level of the pyramid and get really filty, stinkin', viola rich!

Ponsey scheme ...go look it up . They are illegal. I hope I have spelled it correctly.


Here .. I looked it up for .The correct spelling is Ponzi .

http://home.nycap.rr.com/useless/ponzi/

oldbandnerd wrote:Ponsey scheme ...go look it up . They are illegal. I hope I have spelled it correctly.


Here .. I looked it up for .The correct spelling is Ponzi .

http://home.nycap.rr.com/useless/ponzi/

To be fair, Amway and the like are multi-level marketing schemes, or pyramid schemes.

A Ponzi scheme is slightly different. What Ponzi did was to get investors for a bogus project and then pay dividends to the first investors with the money taken in from subsequent investors. There was no product or investment, the scheme collapsed he ran out of suckers to invest in his program.