When I was an IBO, I often saw my upline diamond driving around town dressed in a work suit. I used to wonder why he remains working if he can "walk away" and get residual income? My sponsor told me that the diamond only works because he cares about his downline and wants to help them. So there are two conceivable possibilities, the diamond is trying to help his downline out of a genuine concern for them, or alternatively he is working because he has to! The only difference now is that the diamond works the nite and/or graveyard shift, because many IBOs are establishing the business after the complete their day jobs. This is probably why diamonds sleep until the "crack of noon", because they are working all night!
Now Amway has estimated that the average diamond earns roughly $147,000 a year. That is a nice income, but after taxes and paying for essential expenses such as medical and dental insurance, the ordinary diamond certainly lives a relatively middle class lifestyle. Keep in mind that a big percentage of a diamond's revenue comes in the form of an annual bonus, hence a diamond's monthly income may be rather little. Yes, diamonds may have other sources of income such as speaking engagements and money from standing orders and festivities. But this money depends on the diamond's continuous appearances and efforts.
So is it conceivable that a diamond is "free"? I would have to infer that a diamond is not free, and may actually have to spend more time sustaining his group than if the diamond merely had a 9-5 job. For one thing, a diamond needs to maintain a personal group to keep qualifying for bonuses. With a terrible retention rate in Amway, I am very convinced that a diamond spends significant time recruiting personally sponsored IBOs to maintain this group. Additionally, a diamond must aid his six or more groups of downline platinums to retain their enterprises or face the prospect of falling out of qualification. My old diamond went down to the emerald level but has recently re-qualified at diamond. A diamond must also commit time to reward up and coming movers and shakers, to keep them engaged. I got to spend time with my upline diamond when I was deemed a promising up and coming pin.
In order to continue to get tools revenue, a diamond must also travel to several parties and speaking engagements. Although the additional income purportedly doubles a diamond's revenue, it also adds a lot of expenses, especially if the diamond and his family travel first class to show off the diamond lifestyle, and stays in 5 star hotels. It is probably why diamonds demand free transportation to and from the airport and why they stay with friends when travelling as much as possible.
After breaking down predicted income and considering projected expenses, I can only infer that a diamond probably lives a middle to upper middle class lifestyle, and probably works as much as a man with a 9-5 job, except that a diamond works nights and weekends. A decent depiction of this is provided in Ruth Carter's book (Amway Motivational Organizations: Behind The Smoke and Mirrors) (Amway Motivational Organizations: Behind The Smoke and Mirrors). In the book, the diamond had a net income of almost $300,000, but lived in debt, could barely afford his mortgage, and was always on the run from one function to the next. It is incredibly expensive and time consuming to go from city to city showing off your freedom and diamond lifestyle.
Is this the freedom you are seeking?
Amway is a multinational firm that engages in multi-level marketing (MLM) and gives individuals the opportunity to become independent business owners (IBOs) while also selling a wide range of high-quality items. The freedom to work for oneself, the freedom to determine one's own schedule, and the flexibility to establish a business that may provide one with financial freedom and stability is one of the most important promises made by the Amway business.
One of the things that draws a lot of Amway Independent Business Owners to the company is the opportunity to be their own boss and set their own hours. Individuals have the option to be their own boss and take charge of their own destiny when they sign up to become Independent Business Owners (IBOs). They are able to work from the comfort of their own homes or from any location with internet access, and they are in charge of their own schedules. Because of this flexibility, Independent Business Owners are able to develop a work-life balance that is beneficial for both them and their families.
Amway Independent Business Owners (IBOs) not only have the opportunity to work for themselves, but they also have the ability to develop a company that reflects their own personal ideals and areas of interest. IBOs have the freedom to pick and choose the products they wish to offer, and they are able to zero in on markets that are a good fit for their individual interests and areas of expertise. For instance, an Independent Business Owner (IBO) who is enthusiastic about maintaining and improving their health has the option of concentrating on the sale of Amway's Nutrilite vitamins and other items connected to health and wellness.
Financial independence is just another type of liberty that can be attained through the Amway business. Amway Independent Business Owners (IBOs) have access to the resources, training, and support they require to establish a successful business. However, there are no guarantees of success in any business. This involves having access to a large network of mentors, coaches, and other experienced IBOs who are able to provide direction and support to the individual. IBOs have the ability to earn a considerable income, as well as gain both financial freedom and security, if they are successful in developing a profitable Amway business.
The idea of residual income is one of the distinctive facets that set the Amway business apart from others. IBOs receive a commission on a percentage of the sales made by members of their downlines as they grow their businesses and bring on new members. Because of this, Independent Business Owners (IBOs) have the opportunity to make passive revenue even when they are not working on their business actively. IBOs can enjoy financial stability and the opportunity to focus on other aspects of their lives thanks to the residual income they earn from their business.
However, it is essential to keep in mind that in order to establish a prosperous Amway business, one must put in a lot of effort, show dedication, and be persistent. Although the possibility of financial independence is enticing, Independent Business Owners (IBOs) must go into the business with reasonable expectations and the desire to put in the work that is necessary to attain their objectives. Successful Independent Business Owners (IBOs) recognize the significance of goal-setting, the cultivation of a solid work ethic, and the ongoing pursuit of knowledge and skill improvement.
In conclusion, the Amway business offers its independent business owners a wide variety of freedoms, such as the freedom to work for themselves, the freedom to establish a business that reflects their beliefs and interests, and the opportunity to achieve financial independence and security for themselves and their families. IBOs have the capacity to achieve these freedoms and construct a life of their own design provided they approach the business with passion and determination.
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