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Saturday, August 28, 2021

Amway And The "Rich Dad"?

 Based on my personal experience with Amway, my blogging experience, and observation of other people who provide financial advice, such as real estate gurus who teach you how to buy property with no money down, or others such as Robert Kiyosaki for that matter, all show testimonials of successful people. I believe this is true. It goes without saying that they do not show you the great majority of people who attempt to use their solutions and are unsuccessful. I believe that failure is the norm for people who use these systems, despite the fact that they will brag about their rare achievements and portray them as the norm.

Whatever the system (Amway, WWDB, BWW, N21), whether it is real estate or a cashflow business, it is my educated judgement that the vast majority of people who try these techniques do not produce any kind of significant revenue. Yes, some do, and those are the possibilities that are presented. However, if you watch infomercials, you will see in small text at the bottom of the screen that each person's experience will be different, and that your results may vary. An Amway diamond recording used to have a similar message at the end of it, if my memory serves me correctly. In the event that success is a one-of-a-kind experience, what is a normal experience? The most common experience is most likely one of disappointment.

These systems, in general, do not function properly for a variety of reasons. Many folks just lack the knowledge and ability to navigate the system. Alternatively, the system has too many variables for the system to function properly, or the system requires actions that are outside your control. For example, in order to be successful in Amway, you must typically sponsor others, which is something that is out of the control of the majority of individuals. When you factor in the lazy and those who are looking for a fast buck, it is reasonable that the majority will fail. However, these systems are frequently constructed in such a way that the majority of participants will be unable to achieve success. In no other industry is this more true than in the Amway business, where the pyramidal compensation scheme almost guarantees failure for the lowest level independent business owners (IBO). Many compensation systems in multilevel marketing are set up in just this manner. You need the lower levels to put in the effort and take the losses in order to make a profit. In other cases, like as the 6-4-2 approach used by Amway, this is extremely clearly demonstrated. Even a simple examination of Amway's common 6-4-2 or other comparable version plans reveals that a small number of people are flourishing while the majority are not.

So, what can be done in this situation? A part-time work, along with investing and saving, may not be as sexy or enticing, but it is something to consider about if you have the time. Even a part-time business in which you concentrate on selling things for a profit could be successful. It merely seems smart to stay away from these "systems" because the major beneficiaries of these "systems" are the people who directly benefit from their existence.

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