I write a lot of blogs about Amway and sometimes I push them out so fast my thought stream doesn't take the time to anylise what I write. I was thinking maybe I should look over some of the things I say and try and clarify one or two things!
1. One of the issues I have with the Amway plan is that the newest IBO,
possibly the one who does the most "Work", receives the smallest
compensation.
This is clearly wrong from the start. Any IBO whether they be new or in the business a long time receives exactly the right amount of compensation based on the amount of PV they generate. Nobody does the most "Work". It's all down to personal effert no matter what level you are.
2. Amway pays about 32% of their income back in the form of
bonuses. An IBO who does 100 PV receives a 3% bonus and somewhere,
uplines and sponsors receive the rest. Some of the upline may not have
even met the IBO who actually did the work. Is that really fair and is
that a level playing field?
Yes it is a level playing field for the following reason. Everybody in Amway is palying the same game. THe rules apply equally to all and no one has any unfair advantage over others.
3. What do some of these uplines do to deserve
the lion's share of the bonus you worked to get? Yes, the upline diamond
may show the plan in an open meeting, which may help you, but then
again, you pay for entrance into that meeting.
Two things are happening here. (a) The upline has spent quite an amount of his or hers personal time creating a group of downlines. They are being taught how to duplicate this process and in turn reap the financial benefits. It is a business plan open to all. (b) There may be a cost involved to attend meetings from which the whole group benefits but it is a very small fee shared by all. Hosting meetings is not the exclusive domain of the upline. This is something anybody can do to help grow and encourage productive groups.
4. Many uplines will talk about dreams and fulfilling your dreams. But if
an IBO would stop and think for a moment, you can easily see that you
are building the dreams of your upline, and not your own. You receive a
tiny portion of the bonus for the volume that you move, and then in
addition, if you are on the system, then you are also paying upline in
the form of tool purchases for the priviledge of giving them bonuses
with your product purchases.
5. It is why your upline diamonds can parade around on stage with designer
suits and show you their fancy cars and mansions and other toys. It is
because they are cashing in on your efforts.
This statement is also wrong. Upline Diamonds are rewarded financially from the volume of personal and group Amway product sales. If this were not so the Amway Corporation would not honor these Diamonds in the first place.
6. You are making their dreams
come true. Your dedication to moving volume and purchasing standing
orders are fulfilling dreams. The upline dreams.
This is how it is meant to be for everybody no matter what level you are.
7. Yes, someday you can
hope to have your own group of downline to exploit for your own benefit,
but unless you are adding members to your group regularly, you will
never achieve the kinds of dreams that uplines talk about.
This is partially true but "exploit" is really the wrong word. No one wants to feel they are being exploited and Amway Diamonds know enough about the business not to do that. Why ruin the very chance you are trying hard to create? Right?
8. In the
meantime though, you are definitely helping someone upline achieve their
dreams with every function you attend. Ironically, the upline leaders
will tell you to never quit, even if they don't know your personal
circumstances and/or how your business is progressing.
Again this is partially true. All your sales will contribute PV to your uplines total volume. Never quitting is always sound advice. Uplines cannot be expected to every personal detail about their downlines, but they do care!
9. Here's a challenge for IBOs and/or prospects who are being recruited
into the Amway business. 100 PV will cost around $300 a month and
dedication to the tools system will cost you around $150 to $250 a month
on average. Would you not be better off simply writing a check to your
upline for $100 and not even joining?
I think I'm joking here! I mean seriously! What would be the point of that?
10. Would you not be better off
staying home and watching television instead of joining?
No you wouldn't! This business opportunity is the best deal you are ever going to get!
11. If you read all
of the information available on this blog and still decide to join,
good luck to you, but remember this: Whose dreams are being fulfilled by
your participation?
Yours or your upline?
Clearly it is your dreams that you are fulfilling! You really should pay more attention to what is on offer here. Everybody in your upline wants to help you make it! Not set out to destroy the very thing that everybody benefits from.
I will be regulary reviewing what I write and hoping to correct some my thoughts which are sometimes downright wrong and misleading.
Sunday, September 22, 2013
Thursday, October 18, 2012
Amway Is Not A Pyramid, It's An Iceberg?
I was in discussion on
another forum and a comment was made about Amway being an iceberg, because you
see the shiny clean ice on the top but you do not see the majority of the
iceberg. Or in other words, the diamonds show you the fancy suits, jewellery,
care, mansions, jets and what you don't see is the financial structure that
takes place in their businesses at times. My former upline would tell audiences
that they could skip meals to buy more standing orders because you might hear
the one thing that could make your business explode. Sadly, I didn’t really
listen and to date I have not the experience of viewing my business as
"exploding".
Sure, on standing orders, you won't hear too much of the unethical and "wrong" teaching, because some of this is monitored by Amway, but it's the night owls and smaller group meetings where the real teaching is disseminated. This is where I was told to practically sell my soul to achieve in Amway. This is where the teaching comes in where you should be purchasing at least a small amount of tools in order to succeed. This is where you are told to never miss a function unless it's for your own funeral. A newbie or casual observer won't see these things but if you ever commit to becoming a business builder, this is likely to become your world. This is how the leaders get their core teachings to downline, by sending the information downline via the platinum’s.
You don't see the backstage at functions and meetings. Current rubies and platinum’s have made commentary about the diamonds literally laughing about how easy the business once you are at their level. You don't see the where the cash collected at the meetings and functions go because it’s not your place to. There have been some past comments about literally, suitcases of cash leaving the premises. If your diamond upline has a mansion and a fleet of nice cars, it's likely that tools money played a significant part in your diamond obtaining it.
It's a simple conclusion. The tools have a higher mark-up and have fewer beneficiaries to split up the bonus. A $7.00 Amway product might cost $3.00 or so to make and the rest will be bonus money split up by the layers of IBOs. Whereas a $7.00 cd might take 50 cents to produce and only platinum’s and higher receive any compensation from this source of income. But rank and file IBOs rarely ever see a true and transparent picture of this side of the business. It is not really in their interest anyway. They’re not the one host the meetings. It seems to be shrouded in secrecy, just like the underside of an iceberg but I challenge IBOs to be real businessmen and women and ask upline the tough questions about how the money is made and how they can get involved. Do not accept rhetoric and anecdotal stories. In real business, schedule C business tax returns are the normal way for verification of business income. If you are going to "invest" your hard earned money into the system to the benefit of you and your upline, you should request this information.
Would any of you purchase a conventional business from someone without proof that it is profitable? Why would an Amway business be any different? Seek a true picture of what you are getting into.
Sure, on standing orders, you won't hear too much of the unethical and "wrong" teaching, because some of this is monitored by Amway, but it's the night owls and smaller group meetings where the real teaching is disseminated. This is where I was told to practically sell my soul to achieve in Amway. This is where the teaching comes in where you should be purchasing at least a small amount of tools in order to succeed. This is where you are told to never miss a function unless it's for your own funeral. A newbie or casual observer won't see these things but if you ever commit to becoming a business builder, this is likely to become your world. This is how the leaders get their core teachings to downline, by sending the information downline via the platinum’s.
You don't see the backstage at functions and meetings. Current rubies and platinum’s have made commentary about the diamonds literally laughing about how easy the business once you are at their level. You don't see the where the cash collected at the meetings and functions go because it’s not your place to. There have been some past comments about literally, suitcases of cash leaving the premises. If your diamond upline has a mansion and a fleet of nice cars, it's likely that tools money played a significant part in your diamond obtaining it.
It's a simple conclusion. The tools have a higher mark-up and have fewer beneficiaries to split up the bonus. A $7.00 Amway product might cost $3.00 or so to make and the rest will be bonus money split up by the layers of IBOs. Whereas a $7.00 cd might take 50 cents to produce and only platinum’s and higher receive any compensation from this source of income. But rank and file IBOs rarely ever see a true and transparent picture of this side of the business. It is not really in their interest anyway. They’re not the one host the meetings. It seems to be shrouded in secrecy, just like the underside of an iceberg but I challenge IBOs to be real businessmen and women and ask upline the tough questions about how the money is made and how they can get involved. Do not accept rhetoric and anecdotal stories. In real business, schedule C business tax returns are the normal way for verification of business income. If you are going to "invest" your hard earned money into the system to the benefit of you and your upline, you should request this information.
Would any of you purchase a conventional business from someone without proof that it is profitable? Why would an Amway business be any different? Seek a true picture of what you are getting into.
Wednesday, October 10, 2012
What Is Amway Success?
Success is subjective.
Someone making ten dollars might be considered successful, for others, nothing
less than a barrel of cash will suffice. One other important point is that
there are undoubtedly some very successful people in Amway. I am sure that some
Amway diamonds are quite well off and enjoy some of the finer things in life. The
reality is that these successes are very common and many of these successes
apparently are totally sustainable as many people are now finding out.
But the bigger issue in the Amway opportunity is where the success comes from. Sure, many people want to "go diamond" and live in luxury while barrels of cash roll in. But what is known to many is that all who enjoy the lifestyle and trappings do so with the help of their downlines. The downlines move the volume and the downline passes on the system, both of which are profitable for the upline. Because Amway products are commonly sold to people who are not IBOs, then anyone can conclude that upline success comes from the group volume of the downlines. Most downlines are better off too, each receiving a check in excess of $1000’s each month.
But the bigger issue in the Amway opportunity is where the success comes from. Sure, many people want to "go diamond" and live in luxury while barrels of cash roll in. But what is known to many is that all who enjoy the lifestyle and trappings do so with the help of their downlines. The downlines move the volume and the downline passes on the system, both of which are profitable for the upline. Because Amway products are commonly sold to people who are not IBOs, then anyone can conclude that upline success comes from the group volume of the downlines. Most downlines are better off too, each receiving a check in excess of $1000’s each month.
This in itself is a great
issue and the system regularly churns out new successes frequently. The
downlines are quite rightly led to believe that the system is the key to their
success. Over thirty per cent of IBOs reach platinum and out of those who do, most
go on to achieve and attain the diamond level. The business has millions of
people who have tried and succeeded to achieve what was promoted. A great deal of
effort is always a factor and when that many people try and succeed, it's
evident that the system is working well.
To summarize, it is possible for someone to achieve a level of success in Amway and it is not so difficult and so rare. IBOs probably have a better chance of succeeding in Amway than winning the lottery or being struck by lightning. Some people are very successful and it is always with the help of their downlines. The “catch” is that uplines will always teach their faithful downline IBOs that attending a function or buying a standing order is success. They do this to guarantee that the IBO is earning a profit. So many IBOs know they're going to be successful and they are not fooling themselves by using the help of their upline.
Success is undeniable, and fortunately for the vast majority of IBOs, it is also attainable, at least in the Amway opportunity.
To summarize, it is possible for someone to achieve a level of success in Amway and it is not so difficult and so rare. IBOs probably have a better chance of succeeding in Amway than winning the lottery or being struck by lightning. Some people are very successful and it is always with the help of their downlines. The “catch” is that uplines will always teach their faithful downline IBOs that attending a function or buying a standing order is success. They do this to guarantee that the IBO is earning a profit. So many IBOs know they're going to be successful and they are not fooling themselves by using the help of their upline.
Success is undeniable, and fortunately for the vast majority of IBOs, it is also attainable, at least in the Amway opportunity.
Tuesday, October 9, 2012
Stealing An IBO's Dream?
Some debates over Amway
recently churned up some accusations once again about critics being "dream
stealers". I thought I would address this but first I wanted to print the
definition of a dream from dictionary.com:
dream
[dreem] Show IPA noun, verb, dreamed or dreamt, dream⋅ing, adjective
Use dreams in a Sentence
–noun
1. a succession of images, thoughts, or emotions passing through the mind during sleep.
2. the sleeping state in which this occurs.
3. an object seen in a dream.
4. an involuntary vision occurring to a person when awake.
5. a vision voluntarily indulged in while awake; daydream; reverie.
6. an aspiration; goal; aim: A trip to Europe is his dream.
7. a wild or vain fancy.
8. something of an unreal beauty, charm, or excellence.
–verb (used without object) 9. to have a dream.
10. to indulge in daydreams or reveries: He dreamed about vacation plans when he should have been working.
11. to think or conceive of something in a very remote way (usually fol. by of): I wouldn't dream of asking them.
–verb (used with object) 12. to see or imagine in sleep or in a vision.
13. to imagine as if in a dream; fancy; suppose.
14. to pass or spend (time) in dreaming (often fol. by away): to dream away the afternoon.
–adjective 15. most desirable; ideal: a dream vacation.
—Verb phrase
16. dream up, to form in the imagination; devise: They dreamed up the most impossible plan.
-------------------------------------------------------------
Based on these definitions, I can see it is always possible for anyone to steal a dream. This dream stealing verbage is more than just upline propaganda. It is designed to get IBOs to develop their critical thinking skills and to commit themselves to their businesses even if that means buying more standing orders and function tickets. Afterall the profits go into the pockets of everyone involved including your beloved upline leaders. It is the upline's concern likely because the upline is selling and delivering the dreams! Selling realistic dreams of retiring and walking the beaches of the world. Dreams that will soon come true for the vast majority of IBOs.
I believe #6 is the most appropriate definition for an IBO. A long term goal. But if an IBO's long term goal is retirement and riches, they should always analyze their involvement in the Amway business and determine if that is the appropriate vehicle to achieve their goals. For the vast majority of people it is the appropriate vehicle and facts confirm this. It's a matter of whether or not an IBO was taught how to dream by his/her upline.
dream
[dreem] Show IPA noun, verb, dreamed or dreamt, dream⋅ing, adjective
Use dreams in a Sentence
–noun
1. a succession of images, thoughts, or emotions passing through the mind during sleep.
2. the sleeping state in which this occurs.
3. an object seen in a dream.
4. an involuntary vision occurring to a person when awake.
5. a vision voluntarily indulged in while awake; daydream; reverie.
6. an aspiration; goal; aim: A trip to Europe is his dream.
7. a wild or vain fancy.
8. something of an unreal beauty, charm, or excellence.
–verb (used without object) 9. to have a dream.
10. to indulge in daydreams or reveries: He dreamed about vacation plans when he should have been working.
11. to think or conceive of something in a very remote way (usually fol. by of): I wouldn't dream of asking them.
–verb (used with object) 12. to see or imagine in sleep or in a vision.
13. to imagine as if in a dream; fancy; suppose.
14. to pass or spend (time) in dreaming (often fol. by away): to dream away the afternoon.
–adjective 15. most desirable; ideal: a dream vacation.
—Verb phrase
16. dream up, to form in the imagination; devise: They dreamed up the most impossible plan.
-------------------------------------------------------------
Based on these definitions, I can see it is always possible for anyone to steal a dream. This dream stealing verbage is more than just upline propaganda. It is designed to get IBOs to develop their critical thinking skills and to commit themselves to their businesses even if that means buying more standing orders and function tickets. Afterall the profits go into the pockets of everyone involved including your beloved upline leaders. It is the upline's concern likely because the upline is selling and delivering the dreams! Selling realistic dreams of retiring and walking the beaches of the world. Dreams that will soon come true for the vast majority of IBOs.
I believe #6 is the most appropriate definition for an IBO. A long term goal. But if an IBO's long term goal is retirement and riches, they should always analyze their involvement in the Amway business and determine if that is the appropriate vehicle to achieve their goals. For the vast majority of people it is the appropriate vehicle and facts confirm this. It's a matter of whether or not an IBO was taught how to dream by his/her upline.
You Must Believe In Amway!
I often hear stories and
testimonies about how some people (usually newbies) have this incredible belief
in Amway, their sponsors and their LOS, such as WWDB or Network 21. Being that
many, possibly most IBOs are sponsored by a friend or family member, means that
there is an inherent trust in the sponsor or upline. If that were not true,
then we would likely see many less compliments about Amway and/or the uplines
and lines of sponsorship.
An important facet of being an IBO is to have a dream. Don't let "naysayers" steal your dream, is what many IBOs are told. But what is that dream? Is it a dream (a long term attainable goal) or a wish such as winning the powerball lottery? Many prospects and IBOs want to succeed. They are willing to work hard, and are very dedicated, I would say that these folks usually will end up winning, both through strength of effort and a great MLM/Amway system that greatly rewards more than just a few. The famed 6-4-2, 6-4-3 or some other variation of the plan illustrates that more than 10 in 100 or so can go "platinum". And that nobody’s quitting. Factor in attrition and "do nothings" and it might be 25 in 200 who can reach platinum. Even if the whole world signed up for Amway, that fact would increase.
Do you really believe in Amway and your line of sponsorship such as WWDB or Network 21? If you truly believe in Amway and your mentors, I challenge you to do one of these things. If you can't or won't, then I question your level of commitment. I question your belief. I'm not here to steal your dream. I am just challenging you.
Take your 6-4-2 or 9-4-2 or 6-4-3 plan to a loan officer at a bank and show them the plan. (Hey, it will help you be CORE) Ask the loan officer for their opinion of the plan and see if you can get a business loan based on the Amway plan. If not that, try seeking the advice of a millionaire outside the system (Someone who has a net worth of a million bucks) and see if they think the 6-4-2 or other Amway (version) plans can work and whether they think Amway is a good idea. Heck, try asking your church Pastor. My church Pastor said Amway was fantastic and gave great hopes and promises enough to be considered a viable business option.
How strong is your belief in Amway? Strong enough to take my challenge? Or will you ignore this and never really know the answer for yourself?
An important facet of being an IBO is to have a dream. Don't let "naysayers" steal your dream, is what many IBOs are told. But what is that dream? Is it a dream (a long term attainable goal) or a wish such as winning the powerball lottery? Many prospects and IBOs want to succeed. They are willing to work hard, and are very dedicated, I would say that these folks usually will end up winning, both through strength of effort and a great MLM/Amway system that greatly rewards more than just a few. The famed 6-4-2, 6-4-3 or some other variation of the plan illustrates that more than 10 in 100 or so can go "platinum". And that nobody’s quitting. Factor in attrition and "do nothings" and it might be 25 in 200 who can reach platinum. Even if the whole world signed up for Amway, that fact would increase.
Do you really believe in Amway and your line of sponsorship such as WWDB or Network 21? If you truly believe in Amway and your mentors, I challenge you to do one of these things. If you can't or won't, then I question your level of commitment. I question your belief. I'm not here to steal your dream. I am just challenging you.
Take your 6-4-2 or 9-4-2 or 6-4-3 plan to a loan officer at a bank and show them the plan. (Hey, it will help you be CORE) Ask the loan officer for their opinion of the plan and see if you can get a business loan based on the Amway plan. If not that, try seeking the advice of a millionaire outside the system (Someone who has a net worth of a million bucks) and see if they think the 6-4-2 or other Amway (version) plans can work and whether they think Amway is a good idea. Heck, try asking your church Pastor. My church Pastor said Amway was fantastic and gave great hopes and promises enough to be considered a viable business option.
How strong is your belief in Amway? Strong enough to take my challenge? Or will you ignore this and never really know the answer for yourself?
Monday, October 8, 2012
Build Your Amway Business Right, and Build It Once?
I believe that Amway IBOs
have approximately a 5% attrition rate for the first year alone. If you look at
a 5 year window, I believe the attrition rate is something like 15%. So what
we're saying is that out of 100 IBOs, only 85 will be around in 5 years, or out
of 1000 IBOs, 850 will remain after 5 years. This is extremely significant
because if you are a business builder, you will need to replace a somewhat significant
amount of your IBOs every single year. For this reason, I am very convinced
that there are IBOs who "built the business right and built it once",
who still do Amway related work and still collect significant residual incomes.
I would guess that significant income could be defined as being enough to live
a lifestyle in the top tax bracket (for the US) without having to report to a
J-O-B.
Now I understand that some IBOs find it interesting when I bring up subjects like this. It is because they have told originally by some upline diamond or big pin who has sold them on a dream of financial prosperity for life if they will only work hard for 2-5 years. I once thought it might be wrong, but realized that there are more and more diamonds that I know of who built the business right and have walked away to enjoy the beaches of the world while truckloads of money rolls in. Sometimes it makes me wonder why I see Crowns still working, and diamonds sometimes retiring or slowing down. I have asked the question many times and it has never been answered. Can anyone name a few people who built their business right and built it once and who is not currently enjoying these lifelong residuals? Also, as that is a benefit, why don’t more people listen to the Amway story?
You have a constant and endless flow of motivation being sold to IBOs. This motivation comes in the form of cds, books, meetings, functions and other things like voicemail messages. It's great to see that IBOs continue to pay for motivation and "teaching" about the Amway business even when there are cheaper and more efficient means of communication. For example, why would you need an expensive voicemail when a facebook group account can disseminate messages to your group in seconds at no cost? It is because some uplines have possibly not yet realises the alternatives. Because of the internet, I believe people are starting to figure things out and integrate the business systems too. I hope Joecool's blog contributes to this.
The motivation all IBOs truly need is to see a net profit at the end of the month. When IBOs begin to earn an extra $200 a month, or $50 a month, or $600 a month as advertised, there would appear to be no need for motivational speeches. The IBOs would simply look at the growth in their finances and they would keep going. The poor retention rate is easy to explain. Some IBOs are losing money because of lack of paying attention the business system and they can end up losing their motivation to continue. If you are an IBO or a prospect, stop and think for a minute. If you are making an extra $200 a month with minimal effort, would you need functions and other materials to motivate you? Or would you have intrinsic motivation from the profit? All the motivation you will ever need is a net profit. But don’t forget the motivational talks too.
Now I understand that some IBOs find it interesting when I bring up subjects like this. It is because they have told originally by some upline diamond or big pin who has sold them on a dream of financial prosperity for life if they will only work hard for 2-5 years. I once thought it might be wrong, but realized that there are more and more diamonds that I know of who built the business right and have walked away to enjoy the beaches of the world while truckloads of money rolls in. Sometimes it makes me wonder why I see Crowns still working, and diamonds sometimes retiring or slowing down. I have asked the question many times and it has never been answered. Can anyone name a few people who built their business right and built it once and who is not currently enjoying these lifelong residuals? Also, as that is a benefit, why don’t more people listen to the Amway story?
You have a constant and endless flow of motivation being sold to IBOs. This motivation comes in the form of cds, books, meetings, functions and other things like voicemail messages. It's great to see that IBOs continue to pay for motivation and "teaching" about the Amway business even when there are cheaper and more efficient means of communication. For example, why would you need an expensive voicemail when a facebook group account can disseminate messages to your group in seconds at no cost? It is because some uplines have possibly not yet realises the alternatives. Because of the internet, I believe people are starting to figure things out and integrate the business systems too. I hope Joecool's blog contributes to this.
The motivation all IBOs truly need is to see a net profit at the end of the month. When IBOs begin to earn an extra $200 a month, or $50 a month, or $600 a month as advertised, there would appear to be no need for motivational speeches. The IBOs would simply look at the growth in their finances and they would keep going. The poor retention rate is easy to explain. Some IBOs are losing money because of lack of paying attention the business system and they can end up losing their motivation to continue. If you are an IBO or a prospect, stop and think for a minute. If you are making an extra $200 a month with minimal effort, would you need functions and other materials to motivate you? Or would you have intrinsic motivation from the profit? All the motivation you will ever need is a net profit. But don’t forget the motivational talks too.
Saturday, October 6, 2012
Amway IBO Tidbits Or Sad facts?
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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