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Wednesday, June 9, 2021

My Observations About IBOs

Observation #1: 

IBOs are less successful in life in general than other people. That is why they are more receptive to the business and can be persuaded that there is a way to retire wealthy and never run out of money. Because I was younger and in the early phases of my profession when I became an IBO, I was not where I wanted to be monetarily. Right now, I'm not interested in "options," but many individuals who want more out of life or a faster path to retirement could be. It's just that, in my perspective, the Amway opportunity is a bad one. Many IBOs are young and ambitious, yet they make the mistake of believing there is a quick way to wealth and retirement. Most people learn the hard way that there isn't any.

Observation #2:

The largest zealots/supporters appear to be the ones with the tiniest enterprises. They talk the talk, but they haven't demonstrated that they can walk the walk. Furthermore, any talk of their own accomplishment in the firm is limited and veiled in secrecy, or they will make equivocal references to their level of accomplishment. They will claim that their earnings are unrelated to the discussion, or display a copy of someone's check or a photo of a diamond's mansion, but they will never reveal genuine financial information, like a REAL business owner would. It is normal practise in actual business to give financial information to someone who is attempting to become involved in your company. It backed up your assertions about your earnings.

Observation #3:

The company has a shady reputation and can't advertise itself to the broader public without dishonesty. It's why there are so many accounts of people being duped into going to meetings (including myself). Providing information in a straightforward manner will almost always result in a resounding "No thanks." This is primarily in North America because Amway and the Amway name have not yet permeated other countries.

Observation #4: 

It appears that much of the upline training is centred on system dedication rather than really running a profitable firm. It's why so many IBOs don't seem to understand what a profit loss statement is, and why they don't bother to keep one. It's also why the content of many BSMs encourages people to buy more BSMs. They'll push you to go to more functions and buy more standing orders at functions, and they'll tell you not to stop and to go to more functions when you're on standing orders.

Observation #5:

IBOs in general do not appear to have a retirement strategy in place. They are confident that the Amway business opportunity will provide for them when they retire. They stifle those who are employed and saving for their future. They consider purchasing event tickets to be an investment in their retirement. While a small percentage of people in Amway make a lot of money, the great majority of people don't. The fact that the majority did not put forth a Herculean effort is, in my judgement, irrelevant. In the end, the vast majority of people will not profit from this opportunity. Ignoring this fact is equivalent to burying your head in the sand.

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