There was this time when I really wanted this brand new toy. Yeah. I was younger then. Weren’t we all? The thing is, I didn’t even like LEGO that much, so I didn’t know WHY I had to have it.
But I did. I just had to have it.
Maybe it was FOMO. Loads of kids in my class already had the toy. I wanted it too.
But I soon learned a few things the hard way.
Everyone wants to get rich quick.
Firstly, you can’t just get what you want straight away. You gotta WORK for it.
But also… Sometimes when you get that thing—It isn’t everything you thought it was gonna be. The thrill of the chase is sometimes better than the prize.
These are important lessons. They’re ones everyone has to learn sometime.
That’s why I’ve always been a bit sceptical about these “Get Rich Quick” schemes. You see them all over the place. Especially on the internet these days.
I’d recently started making some real money with Local Lead Generation. it’s a great gig, and I’ll tell you more about it later. But I also know there are a lot of less-legit gigs in the marketing world.
I’ve kinda made it my mission to drill down on these and let you know which are legit and which aren’t. That’s because I’ve seen loads of my buddies get burned by some of these schemes, and it’s not fun to see happen.
So when a few of my pals were chatting about Amway, I knew I needed to do a bit more investigation. To me, this sounded like a bus company or something—but no, Amway is apparently a legit venture that helps people start their own work-from-home businesses to promote a range of products.
But is it really legit? That’s the question.
There’s nothing wrong with home selling. You’ve seen how long Avon have been around. Totally legit. No argument here.
But there’s also a load of… let’s just say “less” legit players out there. A lot of stuff that seems awfully like pyramid schemes. Despite their protestations that they are definitely NOT pyramid schemes. Nope. Nothing to see here. Move along please…
So if you’ve got this far, you probably wanna know the nitty gritty about Amway. You’re in luck. That’s what this Amway review is here for. I actually signed up and jumped right in so I can give you the lowdown on whether Amway is something you should be joining, or avoiding like the plague. So let’s have a look…
That’s Amway… Not Tramway.
Ok, first thing’s first—you’ve got a question. It’s a simple question. What even is Amway?
Amway is a direct product selling business. It’s actually been around a long time. That normally stands for something, right? I mean, if something has been established for however many decades like Amway has, then it must be legit, right?
Look, this isn’t a complete Amway scam. They aren’t running off with your money. So in that respect, it’s legit. But is it really worth it? I’m not so sure.
Keep reading to find out why.
You see, Amway is a product selling business that makes you buy their products before you sell them on to other people.
This isn’t too bad in itself. I mean, it’s not like affiliate marketing where you can promote products without even buying them. Those are cool. But most businesses require you to hold stock. So this isn’t a problem.
However, as I soon found out… this wasn’t a great way to make money.
Firstly, the product line was limited. You’re left promoting less than great stuff. Oh yeah, you also have to promote it to people you know, rather than have some larger-scale online business venture. After all, these products aren’t really very unique.
So that’s not so good.
You’re probably wondering where people are really making money with Amway. Well that’s where things start to get a bit more pyramid-shaped.
Yes, you guessed it. Like a pyramid scheme.
What?! Another Pyramid!
The real money with Amway isn’t with buying and selling regular products like a normal business. It’s with hiring other sellers UNDER you to promote even more products. Bummer.
So the real money is made by having a network of other sellers that you’ve recruited. You take a cut from all their fees.
Now I think some of these Multi Level Marketing gigs get a bad rap. There’s nothing wrong with requiting different levels of promoters if the products at the bottom of the pyramid are still good. In other words, if even the guy at the bottom who hasn’t recruited any more sellers still manages to make some cash, then it’s all good.
The real problem is when those at the bottom can never really make any money. If the ONLY way to make money with a system is by recruiting other sellers on a never-ending cycle of dreaming about selling “products” but failing—then things aren’t so great.
And that’s what Amway is like.
Their product selection is poor.
I was like: wait, you want me to sell this crap? What else can I sell? Who am I even supposed to be selling it to? Nobody is gonna want this.
That’s when it was suggested that I recruit more sellers under me to start making real bank. Oh okay. I get it. Like a pyramid scheme? Yep, you got it.
And that’s the problem with things like Amway. The regular product sellers simply aren’t making any money. This isn’t a legit business opportunity in the mould you were probably hoping for.
It wasn’t what my pals were looking for either, and that’s probably why nearly all of them have failed with Amway.
Did I mention that you’ve got to jump through a few hoops to remain qualified at Amway so you can continue to “earn”? There’s a minimum monthly spend to remain qualified for commission. This wasn’t something I was happy with. I heard of some sellers actually buying products they didn’t need and couldn’t sell just so they could remain active. Ouch.
Amway has been around for over 50 years, so they must be doing something right. What that is, I’m not sure.
They’ve actually got quite an aggressive recruitment drive. I’d been approached to join a few times already. Now I know how a lot of these things work so it’s always been easy for me to say no. But for other people who’re a bit more desperate, it isn’t always that easy. That’s why I don’t like how these schemas prey on certain sorts of people. That’s why I’m here telling you that you PROBABLY want to avoid Amway. There are loads more legit ways to make money online. (we’ll get to that in a bit).
On the recruitment drive I was told I wouldn’t need any sales skills. Now I’ve never been much of a salesperson, so this got me interested straight off the bat. Trouble is, it wasn’t really true.
That’s because Amway IS a sales job. That’s basically the only way to make money. Either by selling the products or selling more sales positions.
This was a big negative for me. And get this, I talked to loads of people who’d been doing Amway for a while. Hardly any of them were making good money. All the actual GOOD salespeople had quit Amway already to make money with proper jobs. So those who were left were people without any real sales skills.
You’ll be given the hard sell with a load of “success stories”. These are pretty standard in this industry but the reality is that they’re a load of nonsense. They might be true. I really have no idea. But they aren’t a true representation of what’s gonna happen for you with Amway. Unless you get REALLY lucky.
I’ve yet to meet anyone who’s actually had real success with Amway. I think that tells you all you need to know. So I think those stories you get are completely made up. Maybe they’re not. But maybe they were from a time when Amway was actually a viable way to make money. After all, Amway has been around for over 50 years. They must have been doing something right at some point. But I can’t see what that is right now.
You can already tell I’m being pretty negative about Amway. Sue me. I gotta be honest for you guys.
The good news is that they ARE a legit business and shouldn’t be running off with your money. But that’s about as good as it gets. I’ve never really been a fan of those pyramid schemes. And while there are a lot worse ones out there. There are also a lot better ways to make money.
Oh and there’s one more thing that pissed me off. These motivational stories aren’t thrown at you for free, either. You’re not gonna believe this—but you gotta pay for them too!
This was crazy to me. Like you have to pay in order to have the privilege of being conned into buying the rest of their stuff. I didn’t get it. So I refused. That’s when another guy on the course “loaned” me his promotional material. When I saw it, I couldn’t believe he’d actually paid money for it himself.
At this point, things got even fishier. Someone got onto me from “higher up”. They were worried that I was gonna give away these CDs and MP3s for free.
This had me dumbfounded.
I mean, this is all promotional material that’s designed to get people to buy in to Amway and their products.
Every other affiliate marketing system I’d been involved in gave this stuff away for FREE. Some other programs were super happy for me to have ALL SORTS of content. For nothing.
Yet here were Amway getting a bit fussy over a few CDs and stuff.
You know why? It was because this was just another upline revenue stream for Amway. You got it. It wasn’t a way to actually promote their business. It was a way to sell more stuff.
And let me tell you, there wasn’t much value in them. Who wants to pay for promotional material like this? I know I didn’t.
Oh yeah, let’s get the popcorn in and watch a movie tonight. What’s the movie?…………. An Amway promotional video.
Amway really starts to fall down when you start to look at who’s making money from it.
On average, Amway IBOs (that’s the qualified seller level) made a loss of $1.176 per year. Yes, there are some people who made money. Some of them even made having-a-job money. But I didn’t know anyone who did THAT well from it.
All the people I met in my first few weeks with Amway were struggling, or they’d given up and jumped onto the next big idea. I met a lot of people at the first few meetings and a lot of these were motivated guys who wanted to find the next way to get rich. Trouble is, it wasn’t Amway. I hadn’t seen ANYONE get rich from this.
So if you’re gonna ask me if I think Amway’s worth it—It’s a bit fat no from me. They aren’t the worst online marketing business I’ve ever seen. SOME people make money. But there are simply so many better ways to go about things.
One of the best ways to make money these days is with a real legit online venture. It’s something I’ve been doing a lot of recently, and it’s called Local Lead Generation. This stuff is as cool as it gets. You need to check it out ASAP instead of pyramid schemes like Amway. You’ll be glad you did.
It’s one of the best Online Trading Academy Reviews Around—My Findings Are Inside…
I always remember this Rolls Royce that was parked in my neighborhood.
Man, I used to love that car.
It was owned by this cool old guy. He’d worked his whole life in a regular job to save for it. Treated himself when he retired. Sometimes he’d take me for a ride around the block, or pay me to clean it.
This guy had worked 70-hour weeks more often than not. He deserved that cool car.
I want a Rolls Royce too.
Trouble is, I don’t really like the sound of 70-hour weeks. I don’t really wanna work that much in a MONTH.
Man, I wanted one of those!
You might say I’m lazy. You might be right. But we’ve all gotta dream.
So I’ve always been on the lookout for a way to get-rich-quick. That’s why I was first drawn to the idea of becoming a day-trader. Stocks and Forex and the like. Truth is I didn’t know the first thing about any of those things, but I liked the idea of sitting by the beach sipping a cocktail while my portfolio grew and grew.
As I soon learned, making money is never that easy.
This was way before I’d started making some real bank with Local Lead Generation. That’s as cool as it gets, and I’ll fill you in on it in a bit.
But first, back to that stock-trading dream I had.
Since I realized I didn’t know the first thing about it, I knew I needed to learn more. That’s when I first heard about something called Online Trading Academy.
If you wanna know more about THAT, then you’re in the right place.
I did a bit more research and saw some good reviews. I decided to jump in. I was gonna be a money-making trader within weeks, right? Maybe not.
In the end, Online Trading Academy was quite a journey. If you wanna hear about it, then you’re in the right place with my Online Trading Academy review.
Online Trading Academy Review
First thing’s first—you wanna know what Online Trading Academy actually is. I got you.
It’s basically exactly what it says it is. It’s an education course that aims to train normal people like you and me to be profitable traders.
They’ve actually got a range of different products you can buy.
This whole gig started with an “orientation” day. I had to meet with someone called an Education Counsellor. That’s really just a fancy name for a sales rep. And man, do they sell you the dream. I was gonna have that Rolls and more within months, according to them. I was pretty hyped, but also dubious.
So the orientation day was a half-day course. They didn’t tell me much, but they made sure they made everything sound awesome, and easy. After that, I’d have to pay $300 for a 3-day course. This seemed a bit much, but I thought that if those 3 days gave me the info to become a profitable day-trader, it’d be all good.
It soon transpired that the 3-day course was ANOTHER sales pitch. Just a longer one. We were taught a few bits about trading and the differences between markets and what a lot of the terms meant. Useful info, I guess—but nothing you can’t get elsewhere for free.
At the course, I met a lot of other people who were in a similar position to me. Some of them were pretty cool.
One thing I did notice was how many older folks were on the course. A lot of retired guys. I soon realized that this was the core audience for Online Trading Academy.
The main pitch was to get you to sign up for more classes. More expensive classes. They said they had a patented trading technique that was a guaranteed way to make money.
I’m not sure how you can patent a trading technique, but I was intrigued. I’m also not sure why they aren’t just printing money with this technique themselves, if it was really that easy.
It’s worth remembering that this Online Trading Academy is NOT an online course. It’s a course to train for online trading. You still gotta visit a bricks-and-mortar location to get your training on-site. This isn’t one of those remote deals. I was a bit disappointed by that news, but at least they had plenty of locations to attend.
Things were getting fishy.
Anyway, at the end of the first bit of info (what I call: the sales pitch) you fill out a questionnaire. This is the main crux of their business model. This is where they find out how much money you’re playing with. I was surprised by how many people simply freely gave up all their financial details. They’d already bought into the dream-sell.
And it’s at this point things got fishier. The team of sales reps started seriously targeting those older guys. The people who probably had more spare cash. The people with retirement funds. Some other guys who basically turned up with nothing (like a lot who’re chasing these sort of dreams) got ignored.
And THAT’S because the next range of training cost a truck-load. We’re talking many thousands here. I was on the borderline because I didn’t have a ton of cash, but I wasn’t poor. The sales team were already pushing hard on the old folk.
There’s a 7-day course for $8,000 or a longer one (a couple of weeks) that comes in at $19,000. Wow. That’s not chicken feed.
At this point, I had two options. Spend a LOT of cash on something I wasn’t truly convinced about… Or walk away from the dream. But what about the Rolls?
What decision would you make at this point? I’d already seen enough deals like this go wrong, and the price of the longer course was about all I had.
So what did I do?
I know you’re reading this review wanting ALL the info, but if I’m honest with you—I did a runner.
The first day or so of meetings hadn’t reassured me anything about their info. The trouble was, a lot of people had been even more sucked in than me. I was worried about them.
But maybe I’m just being overly picky? I still wanted to know more about Online Trading Academy. Maybe I’d made a mistake in walking away?
On the course, I met a guy called Roger. Roger was a bit older, recently retired. He had some money to play with, but he also wanted more. He was saving for a condo in Florida for the winters.
Roger’s dream condo.
Roger was a chill dude. Had some cool stories.
Problem was, he’d bought into the Online Trading Academy bigtime. Hook, line and sinker. I tried to tell him to tread with caution as this seemed a lot like a scam. I managed to meet up with Roger a few months later and he filled me in on how it all went. So the rest of this review’s kinda from his perspective. More on that in a minute.
I’m always a bit suspicious of these sort of sales deals. I know there’s nothing wrong with getting an education, but I always wonder why these guys are selling such groundbreaking info if they’re cracked the markets themselves.
Surely giving it away is just gonna make it harder for them to make money themselves with their own great system?
Why wouldn’t you just keep that stuff to yourself and actually make loads of money actually trading?
Maybe I’m giving them too much flak. Maybe I’m thinking from a selfish perspective. These guys just wanna share the knowledge, right?
Or maybe their “system” isn’t actually that great. Maybe they don’t actually know how to turn a nobody into a money-making machine.
Maybe the only way they know how to make money is by selling the dream, rather than living it.
Even though I’d already walked away from the Online Trading Academy, I still wanted to know more. I did my own research, and I also checked in with Roger.
The first bit of research I did was to check out the Better Business Bureau. These guys give the lowdown on all sorts of companies you might not have heard of. So I rammed “Online Trading Academy BBB” into Google and visited the site.
The good: It’s got an A+ Rating. Nice. I’ve seen a lot worse.
But there are also a LOAD of complaints. And some of them are way worse than just not liking the product. Some people felt seriously ripped off—out of A LOT of money. Some were unable to cancel and were charged thousands.
What about Roger, how did he got on? He had a similar experience.
He ended up signing up for a $16,000 boatload of courses. They lasted a couple of weeks. Roger signed up to pay in instalments, so only paid the first $3,000. That’s both good and bad.
In reality, Roger told me that their patented trading idea wasn’t up to much. Just like I’d thought. With all the info Roger learned, he didn’t have enough to become a profitable trader.
The reality of that game is that it’s MUCH harder than it looked.
So Roger tried to cancel and back out of the rest of the payments. This wasn’t possible. He was out all that cash in the end. And no closer to his dreams of the condo in Florida. Further away if anything.
I felt bad for Roger, but at least he still had some cash left. There were people in much more volatile financial positions on the course. I was worried about them.
That’s some chunk of change.
But I was also relieved. After all, I only lost $300. It could have been worse. MUCH worse.
The more research I do on Online Trading Academy, the more sceptical I’m becoming. Had anyone made any money from this?
I even heard some rumors that the sales reps themselves were struggling. Roger also told me that the “pro picks” he’d been so hyped about didn’t add up to much. There weren’t any “pro” traders in the Online Trading Academy anyway. It seemed like there were just salespeople.
But what about those reviews I mentioned? How comes there was such a dramatic difference between MY experience and those other people?
Maybe those guys got lucky.
Or maybe… Those reviews are just trying to sell you Online Trading Academy.
There’s a lot of that around, and you’ve gotta take every review you read about things like Online Trading Academy with a pinch of salt. Even this one.
So it’s an Online Trading Academy scam then?
If it looks like a scam, smells like a scam, and tastes like a scam. It’s a scam.
The good news is that it’s NOT a pyramid scheme. I’ve seen a few of those in this industry where the course or product barely even exists. The only real way to make money with them is recruiting more sales reps.
This does have a course, and it takes a few weeks. That’s obviously gonna cost some time and money. But this much money? I don’t think so.
I was put off by the predatory practices I saw when I first visited the taster session. This wasn’t for me, but it was off-putting how many other people had got sucked in.
And what about the actual info learned in the course? Listen, I learned a bit on the first day, and Roger did learn SOME STUFF. It’s not completely without value. But the guarantees they offer about potential earnings and how easy it’s gonna be are way off the mark.
Trading like this ain’t easy.
If it was then everyone’d be doing it. If it was then Online Trading Academy would be doing it themselves instead of selling way over-priced courses. The reality is, you can learn a lot of this info for FREE online. Or at least with some Udemy courses that only set you back a few bucks.
All these reasons are why I decided that the Online Trading Academy is not something I’d be recommending to my buddies. You can make that decision yourself, but I hope I’ve helped.
If you wanna know about a real way to make money online, you should check out Local Lead Generation. I actually showed Roger this, and he’s doing much better now. Local Leads are really taking off and it’s a cool way to set up your own bit of internet-realty. It’s not a get-rich-quick scheme, and I’m not gonna tell you you’re gonna be a millionaire in weeks… But those kind of sales pitches are normally scams anyway, right?
But I’m glad I found Local Lead Generation. Roger is too.