My passionate and well-informed opinion is that the Amway business, as conducted by Independent Business Owners (IBOs), cannot be marketed or stood on its own merits based on facts. Facts are facts, but the trouble is that the diamonds in charge of recruiting meetings frequently omit out crucial aspects or fail to convey the whole story. The company is made to appear reliant on upline-provided ongoing education, which comes at a price. This ongoing cost is typically the downfall and source of most business losses for IBOs attempting to create a diamond business.
Let's take a look at some statistics, many of which are published by Amway.com. The majority of independent business owners will never sponsor a downline. The vast majority of IBOs will never receive a bonus. The average month's earnings for an active IBO is roughly $200. If all IBOs are tallied, the average monthly income is around $100, which includes the diamonds but excludes the diamond bonuses and other bonuses. The majority of IBOs do not endure a full year in business, and virtually all do not last five years. Amway's products are generic in nature, yet they come at a premium price. These are facts that you can search up on the internet.
How do you develop a long-term sustainable business that pays you in perpetuity (residual income) when the majority of IBOs don't achieve anything and leave within a year? When practically all IBOs leave within the first five years, how can you earn a residual income? How do you charge premium prices for generic products? The response is that you can't construct a long-term business based on these realities, and diamonds aren't likely to be sustainable either.
Selling weekly standing orders, book of the month, voicemail, open meeting tickets, monthly minor functions, and huge major functions tests are all done quarterly, which keeps the jewels' income consistent and sustainable. Many diamonds would most likely go out of business if they didn't have the tool and function revenues. As you may or may not know, someone can qualify diamond once and never qualify again, yet 20 years later they could be speaking on stage as a diamond since Amway considers them a diamond for life.
Thought-provoking material. However, the information I've supplied is based on facts that can be verified.
The term "residual income" is not to be utilised in any advertising materials or in any effort to attract new IBOs, according to an Amway instruction. However, the dishonest scum in the various AMOs (such as WWDB, BWW, Network, and TEAM) ignore this and continue to spout the typical nonsense about "residual income" that does not exist.
Your Amway downline will collapse if you do not actively maintain and grow it. The turnover rate is high, and you'll need to replace the numerous IBOs that leave after discovering that they can't earn any money in the business. This is why Diamonds who are past their prime are still putting in long hours.
Many Amway Independent Business Owners (IBOs) promote the concept of various revenue streams. The issue is that each of the "streams" is reliant on selling Amway items and recruiting new downline members. It's hard to believe this is still going strong after all these years.
You are completely correct. I established an Emerald-themed company. When I threatened to leave my crooked line of affiliation, I was promised a 22 percent commission on tools in exchange for staying. "That's fantastic," I replied, "but what is being offered to the individuals who succeed after me?" Crickets chirping... There has been no reaction. To the very core, it's a shambles. I haven't been active in years, and I'm not planning on doing so any time soon. The entire scheme preys on people's willingness to pay for ineffective training. The most shocking thing I just heard was that they were conducting functions over Zoom during Coronavirus. They charged IBO the full amount. Some companies offered a discounted rate. Nonetheless. There are no costs associated with this. That proved it all: IBOs are a bunch of knuckleheads.
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