Many Amway proponents have stated that if you handle your business as if it were a legitimate business, you will succeed. It has come to my attention that the majority of IBOs do not treat their firms as legitimate enterprises. As a side note, I believe that the Amway business model itself is broken, and that many independent company owners (IBOs) in their drive to sponsor downline do crazy things at times, such as luring people into meetings or being deceptive and misleading. The phrase "fake it until you make it" is taught to some IBOs. Many independent business owners never sell a product or sponsor someone. Under those circumstances, it is impossible to start a business. Nonetheless, this is the most prevalent experience among newcomers. Many independent business owners (IBOs) do nothing and give up. With these considerations in mind, how can anyone hope to create a business when the vast majority of people are unable to sell things or sponsor others, and when people are sponsored, the vast majority "do nothing and quit"?
Many independent business owners (IBOs) do not care to qualify their prospects. They will fund anyone who is still alive and able to breathe. It's possible that this is due to uplines making the business appear simple. To give you an example, I've heard that reaching platinum is so simple that even a dog can achieve it. Another blunder that IBOs make is that they do not consider the chances of an IBO becoming successful. They will sponsor anyone, anywhere, and at any time. In the same way that launching a new store causes competition, I am not aware of any IBOs who take this into mind prior to recruiting a new prospect in the network marketing industry. A failing business appears to be solved by attempting to open more "Amway stores," despite the fact that sales are down.
New hires are also urged to become involved in the educational system, regardless of their ambitions or business objectives. It is this participation in the system that frequently results in IBO failure (business losses). These individuals spend far more on tools than they make in cash. As a result, the low retention rate among IBOs is a significant contributor. Even IBOs who are able to progress and make some money will be merely routing their profits to their upline through their tool consumption, regardless of their ability to progress. It is my educated judgement that an IBO will need to reach the 4000 to platinum level before they will begin to make a profit. In spite of the foregoing, a hard core dedication to the system can turn a 4000 or platinum into a loss-making enterprise. As an aside, only roughly 1 in 400 IBOs achieve the Gold level (source: Amway.com), which means you are already up against overwhelming odds simply to reach the supposed break-even point in Amway.
This is where an IBO's true abilities are put to the test. Enter a financial institution. Speak with a loan officer and provide the loan officer with a copy of the 6-4-2 or 9-4-2 plan, depending on which plan your group employs. And check whether the loan officer is willing to issue you a loan based on your proposed strategy. You are more likely to get laughed out of the bank if you do this. To be honest, the strategy appears to be understandable only to those who are unable of conducting a thorough analysis of a business plan. This is due to the fact that the presentation is more concerned with selling aspirations and ambitions than it is with running a profitable business.
0 comments: