When I was an IBO, I would frequently see my upline diamond driving around town in a business outfit, which I thought was quite cool. I used to wonder why he would continue to work if he could simply walk away and earn residual money. My sponsor explained to me that the diamond only works because he cares about his downline and wants to assist them in their endeavours. There are two probable scenarios: either the diamond is labouring to assist his downline out of genuine care, or he is working because he has no choice! The only difference is that the diamond now works the nite and/or graveyard shifts, as many independent business owners (IBOs) are establishing their businesses after they finish their day employment. ** Furthermore, it should be noted that my old upline diamond slipped to the emerald level around 2005 and has subsequently regained his diamond status.
Amway has now revealed that the average diamond earns almost $146,000 per year. Even while that is a respectable salary, after taxes and the payment of essential expenses like as medical and dental insurance, the average diamond certainly lives a very middle-class lifestyle. Take into consideration the fact that a big percentage of a diamond's revenue comes in the form of an annual bonus, which means that a diamond's monthly income may be rather low. It is possible that diamonds earn additional cash through speaking engagements, as well as through the sale of standing orders and performing functions. However, the diamond's continual appearances and efforts are necessary for this cash to be generated.
So, how likely is it that a diamond will be "free"? As a result, I would have to infer that a diamond is not completely free, and that he may actually have to spend more time sustaining his group than if the diamond had a traditional 9-5 job. For starters, a diamond must stay up with his or her personal group in order to continue to qualify for bonuses. Because of Amway's terrible retention rate, I am very certain that a diamond spends a significant amount of time recruiting individually sponsored IBOs in order to sustain this group. Additionally, a diamond must assist his six or more groups of downline platinums in order for their enterprises to remain viable, or else risk losing his or her accreditation. My prior diamond was demoted to the emerald level, but has subsequently been promoted back to the diamond level. In order to keep up and coming movers and shakers motivated, a diamond must also set aside time to recognise and reward them. When I was deemed a prospective up and coming pin, I had the opportunity to spend time with my upline diamond.
A diamond must go to a variety of parties and speaking engagements in order to maintain his or her tool income stream. The money from tools, while it is claimed to double a diamond's income, it also adds a significant amount of expenses, particularly if the diamond and his family travel first class to demonstrate the diamond lifestyle.
A diamond, after decomposing predicted revenue and taking into account projected expenses, lives a middle to upper middle class lifestyle and works as hard as a man with a 9-5 job, except the diamond works evenings and weekends instead of during the week. Ruth Carter's book provides a compelling depiction of this phenomenon (Amway Motivational Organizations: Behind The Smoke and Mirrors). Despite having a net salary of more than $300,000, the diamond in the book lived in debt, could barely pay his mortgage, and was constantly on the move from one function to the next, according to the storey.
According to my observations, diamonds may be busy at the diamond level than the typical Joe who has a 9-5 job. The only difference is that the diamond works the night shift instead of the day shift. Is this the kind of freedom you're looking for?
There is a widespread misunderstanding regarding the Amway company that leads people to believe Amway Diamonds lead carefree and independent lives. Although it is true that Diamonds have achieved a high level of financial success and are frequently in a position to enjoy a comfortable lifestyle, this prosperity is not the result of a life of luxury or a lack of hard work. Rather, this success was obtained as a direct consequence of Diamonds' dedication to their profession.
Amway Diamonds have often built their businesses over the course of several years by arduous labor, dedication, and dogged determination. Along the road, they have frequently encountered a large number of challenges and failures, and in order to accomplish their success, they have been required to learn and develop as business owners.
In addition, even though Diamonds may have more leeway in their schedules and access to a larger pool of financial resources, they are still need to put in a significant amount of effort in order to keep and expand their businesses. This may require continuing to recruit new distributors and provide them with mentoring, developing new marketing techniques, and keeping up to date with the latest trends and best practices in the sector.
In addition, Diamonds frequently make advantage of the platform afforded to them by their success to contribute to humanitarian organizations and give back to the communities in which they live. A significant number of Diamonds are involved in charitable activities and make use of their wealth and power to have a beneficial effect on the world.
It is also essential to acknowledge that not all Amway Diamonds enjoy the same standard of living or attain the same amount of financial success. Even at the Diamond level, there may be some people who continue to have to put in long hours of work and struggle with monetary issues, while others may be able to live comfortably and have more leisure time.
In the end, the concept that Amway Diamonds lead carefree lives full of independence and leisure is an oversimplification of the intricate reality of the Amway business. Although Diamonds are entitled to a number of privileges and independences, their level of success in the Amway business is directly correlated to the amount of effort, dedication, and loyalty to the core values of the company.
0 comments: