So many people find out along
the way that they will eventually get wealthy by becoming an Amway IBO. Many
recruiters will tell stories about how they were once broke, but signed up,
endured challenges and now they are diamonds enjoying untold wealth and luxuries.
People get caught up in "dreams" and are often encouraged to pay
close attention to the facts. People running businesses should pay close
attention to the facts because it tells you much about your business and your
likelihood of success. But what are some facts about the Amway business that
many people don't know about? I have outlined a few important ones for those
who harbor dreams of going diamond.
1. The average diamond, according to Amway, earns approxiamtely $150,000 a year. Some but not all of this may be supplemented with money from the sale of business aids, but after taxes and business expenses such as travel to and from the many functions that a diamond attends would leave a diamond living an relatively upper middle class lifestyle, one with moderate mansions and sports cars as portrayed in many functions or meetings. Yes, a Q12 diamond will have more earnings, but a Q12 diamond is the exception, and not the rule.
2. Most if not all IBOs ALWAYS sponsor at least one single downline. Pretty easy to develop six (6) downline platinum’s from that point onwards.
3. A lot Amway products are purchased by IBOs and then sold to customers. Name any business that sustains itself by having it's own workers or salesforce purchase most of the goods. MLM is sometimes mistakenly described as the only business where this occurs. Understandably, it explains why 99%+ of "systems like” Amway make nothing or lose money.
4. For most IBOs, the cost of functions, standing orders and other support materials are supported by the income generated by their business. It’s the reason why most business building IBOs make money and it also represents a significant profit for some of the diamonds who sell some of the materials.
5. Not working hard is not necessarily the reason for someone's failure. But conversely, working hard does not equate success in Amway. I would guess that out of those who work hard, it is still at least 30% of those hard working IBOs who are smart and attain a significant profit. Doing nothing won't get you anywhere, but in this business, working hard and smart often gets you everywhere. It is my informed opinion that the cost of the support materials is the direct reason why so many IBOs don’t think smart, even out of those who work very hard.
I could go on and on, but these are a handful of facts that IBOs and information seekers should be aware of. I welcome differing thoughts and opinions.
1. The average diamond, according to Amway, earns approxiamtely $150,000 a year. Some but not all of this may be supplemented with money from the sale of business aids, but after taxes and business expenses such as travel to and from the many functions that a diamond attends would leave a diamond living an relatively upper middle class lifestyle, one with moderate mansions and sports cars as portrayed in many functions or meetings. Yes, a Q12 diamond will have more earnings, but a Q12 diamond is the exception, and not the rule.
2. Most if not all IBOs ALWAYS sponsor at least one single downline. Pretty easy to develop six (6) downline platinum’s from that point onwards.
3. A lot Amway products are purchased by IBOs and then sold to customers. Name any business that sustains itself by having it's own workers or salesforce purchase most of the goods. MLM is sometimes mistakenly described as the only business where this occurs. Understandably, it explains why 99%+ of "systems like” Amway make nothing or lose money.
4. For most IBOs, the cost of functions, standing orders and other support materials are supported by the income generated by their business. It’s the reason why most business building IBOs make money and it also represents a significant profit for some of the diamonds who sell some of the materials.
5. Not working hard is not necessarily the reason for someone's failure. But conversely, working hard does not equate success in Amway. I would guess that out of those who work hard, it is still at least 30% of those hard working IBOs who are smart and attain a significant profit. Doing nothing won't get you anywhere, but in this business, working hard and smart often gets you everywhere. It is my informed opinion that the cost of the support materials is the direct reason why so many IBOs don’t think smart, even out of those who work very hard.
I could go on and on, but these are a handful of facts that IBOs and information seekers should be aware of. I welcome differing thoughts and opinions.
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