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Wednesday, June 9, 2021

Amway Numbers?

Prospects with false aspirations and dreams are frequently sold on the Amway offer. The diamonds, some of whom may be in debt themselves, are assuring you that if you follow their advice, you may attain financial independence and untold wealth through Amway. Of course, they never show proof of their wealth. It's possible that you'll see photocopies of cheques or wealth slide shows.

But, in actuality, what is the situation? So, what are the figures? Amway appears to obscure their numbers, so you won't receive a straightforward response. In order to draw certain conclusions, you must extrapolate.

To begin with, prior to covid, Amway sales had been rather stable. It's very possible that Covid will aggravate the situation. However, there are some numbers to consider. The typical IBO gets roughly $200 per month, but that's only if you don't consider the IBOs who don't do anything, so the true average is approximately $100 per month, which includes diamonds and other big shots but excludes annual incentives. Rank-and-file IBOs, on the other hand, do not receive significant annual bonuses.

Some estimates may have altered, but around 1 in 400 IBOs achieve the gold level, which is supposedly where you break even if you are also active in tools and functions. About 1 in 20,000 or so people achieve diamond status, and maintaining that status is a different storey.

But the essential figures are this: if you are a CORE IBO and purchase your 100 PV and attend all functions, you will most likely spend $500 or more each month on products and “training” (and even more for couples). In exchange, you receive an Amway check of roughly $10 per month, which represents a significant net loss unless you have a large enough down line to cover your losses.

Until you look at the numbers, Amway may appear to be a viable financial option.

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