I believe that Amway independent business owners (IBOs) have a 50 percent attrition rate in their first year of business. Taking a 5-year perspective, I estimate the attrition rate is somewhere in the neighbourhood of 95 percent. This means that just 5 IBOs will be around in 5 years out of 100, or that out of 1000 IBOs, 50 will be around in 5 years out of 100. For business builders, this is highly important because they will need to update half of their IBOs on an annual basis if they are in the business of building businesses. As a result, I am quite sceptical that there are IBOs who "built the business well and built it once," who have retired from Amway-related activities but continue to earn a sizable residual income. I would think that significant income may be characterised as being sufficient to support a lifestyle in the highest tax rate (in the United States) without having to report to a job of some kind.
Now, I appreciate that some IBOs are offended when I bring up sensitive topics like this in a meeting. The reason for this is because they have been duped by an upline diamond or large pin who has sold them on the promise of financial riches for the rest of their lives if they will only work hard for two to five years. When I was younger, I believed the same thing, but then I realised that there isn't a single diamond that I know of who created their firm well and then retired to the beaches of the globe as truckloads of money poured in. It makes you question why you see Crowns still working while diamonds are truly quitting or resigning in such large quantities. I've asked the inquiry numerous times, but have never received a satisfactory response. Can anyone think of a few folks that founded their businesses correctly and only developed them once and are currently reaping the benefits of these lifelong residuals? Also, if that were an advantage, why isn't Amway stating it explicitly?
Instead, you have a steady and never-ending supply of inspiration that is marketed to independent business owners (IBOs). CDs, books, meetings, gatherings, and other forms of incentive, such as voicemail messages, are all effective ways to stay motivated. Unfortunately, independent business owners must continue to pay exorbitant prices for motivation and "education" about the Amway business when there are less expensive and more efficient methods of communication available. If you don't require a voicemail system, why would you want one when a Facebook group account can send messages to your whole group in seconds and at no cost? This is due to the fact that the uplines wish to extract every potential send from their downlines. I feel that, as a result of the internet, individuals are beginning to find things out for themselves and are avoiding the systems altogether. I'm hoping that Joecool's blog may help in this regard.
All that is truly required of IBOs is for them to see a net profit at the conclusion of each calendar month. In the event that IBOs earned an additional $200 a month, or $50 a month, or $600 a month as claimed, there would be no need for motivational speeches. The IBOs would simply look at the increase in their financial position and decide to continue working. It is simple to understand why retention rates are so low. In addition to losing money due to system expenses, IBOs are losing their motivation to continue. If you are an IBO or a prospect, take a moment to reflect on your actions. Would you require functions and other materials to keep you motivated if you were earning an extra $200 per month with little effort? Would you require functions and other things to keep you motivated? Or would you be motivated solely by the prospect of making a profit? A net profit will provide you with all of the drive you will ever require. Take that to the bank with you.
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