Wondering how much an Amway Platinum's income will be?
The straight forward answer is there is no fixed or thumb rule to give the exact revenue of an Amway business owner at the platinum level.
The primary reason is because the earnings vary based on several factors like retail profit, performance bonus, differential commission, Credit Note and GIP (Growth Incentive Program).
The structure of the team is very very important in deciding the income generated for the fiscal year. In order to understand the income of an Amway platinum, you need to understand what is the qualification to reach platinum level, profitable team structure.
Apart from that, one must have a good understanding of Amway Business Model.
A Platinum can become a gold producer and also make a ruby volume. If you are not aware, making a business of 10,000 PV as a team for continuous 3 months is called Gold Producer. An IBO making 20,000 PV in a single month is called a Ruby.
The straight forward answer is there is no fixed or thumb rule to give the exact revenue of an Amway business owner at the platinum level.
The primary reason is because the earnings vary based on several factors like retail profit, performance bonus, differential commission, Credit Note and GIP (Growth Incentive Program).
The structure of the team is very very important in deciding the income generated for the fiscal year. In order to understand the income of an Amway platinum, you need to understand what is the qualification to reach platinum level, profitable team structure.
Apart from that, one must have a good understanding of Amway Business Model.
Amway Platinum Qualification
An IBO or ABO is known as platinum when they reach 6 qualifying months in a fiscal year. For Amway business owners, the fiscal year is from (September 1–August 31). They must make a minimum of silver producer income for any six months of the fiscal year. Out of six months, three months must be consecutive.A Platinum can become a gold producer and also make a ruby volume. If you are not aware, making a business of 10,000 PV as a team for continuous 3 months is called Gold Producer. An IBO making 20,000 PV in a single month is called a Ruby.
Platinum Forum and Training
A brand new platinum is a person who reached achieved the platinum level for the first time. The brand new platinum will be taken to a five-star hotel and a training will be provided on how to take their business to the next level. This event is completely sponsored by Amway.
Amway Platinum Income Calculation
It is impossible to give the exact revenue as it varies based on the team structure. But, you can calculate it to the best of your knowledge. The incentive includes the following:
- 25% Performance bonus (From teams turnover)
- GIP share (One Payment. It varies based on the growth of the Amway corporation)
- Retail Profit
- Credit Note
- Differential Bonus (The percentage difference between the platinum PIN and the downline PIN)
You can replace your own numbers and add all the values. After the deduction of the taxes, you will find the total commission amount paid.
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