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Thursday, August 19, 2021

Amway Is Not "Get Rich Quick"?

 One of the things that my upline used to stress was that Amway is not a "get wealthy quick" opportunity. I presume they say this because if they promoted it in this manner, the majority of people would assume it was a fraud. But think about it for a minute: if you do it well, you can have a reliable, residual income for as long as you want, even when you're wandering along the beaches of the world. Is that not the definition of "get rich quick"? Do you think it's more of a disclaimer to make sure the offer doesn't come across as "too good to be true?" One thing is certain: even if your uplines tell you that it is not a get-rich-quick scheme, it is clear that IBOs believe they will eventually become wealthy, even if it is not immediately. Most Independent Business Owners (IBOs) will not "become rich quick," at least not through Amway.

What most independent business owners (IBOs) fail to realise is that they are unlikely to even make a profit, let alone become wealthy in Amway's business. How many of these people are there in the world? Where have all of the retired Amway Independent Business Owners (IBOs) gone who created a business in 2-5 years and then walked away from it, knowing that they would continue to get a big residual income for many years to come? I'm not aware of a single person who has done this, and none of the Amway apologists and fanatics I've come across over the years has been able to provide me with this information. I've heard stories about these folks, but not a single shred of credible evidence has been provided to date.

As a business opportunity, I recognise that Amway is a viable option, but I also recognise that it will require significant effort to see results. But, being pragmatic, what kind of business could you genuinely walk away from in 2-5 years and not have to work again? It's more than probable that business doesn't exist, regardless of whether it's affiliated with Amway. Assume you've started a traditional business. There aren't many situations in which you could simply walk away after a few years' work experience. Work and maintenance would continue to be required for the company. However, for some reason, individuals are led to believe that this is possible in Amway, despite the fact that the company has a high attrition rate and that your business can only increase by word of mouth.

To their dismay, many of those who are drawn to the Amway opportunity are frequently young and ambitious individuals who are wanting to make a better life for themselves. They are frequently eager and willing, but they may lack the financial means to do so, which makes the chance all the more appealing. Unfortunately, these charming young people are more likely to wind up pouring their hard-earned funds into standing orders and functions that will almost certainly result in a net loss for the company. The bottom line is that not only is Amway not a get-rich-quick scheme, but it is also not profitable. The most likely situation is that your involvement with Amway will most likely result in you not becoming financially successful at any point. A net loss is the most likely result. Anyone who disagrees with me on this point is invited to prove me wrong.

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