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Sunday, August 29, 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. Perhaps they say this because most people would associate it with a "scam" if they advertised it in this manner. But think about it: if you put in the effort and construct it correctly, in 2-5 years you'll have a willable, residual income for life, and you'll be able to walk the beaches of the globe. Is that not the definition of "get rich quick"? In other words, is it more of a disclaimer to ensure that the offer does not appear to be "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.

What most independent business owners (IBOs) fail to realise is that they are unlikely to even make a net profit in Amway, let alone become wealthy through the company. How many of these folks 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. When you consider the turnover rate in Amway (where more than half of all employees resign each year), it's simple to understand why generating residual income would be incredibly tough. While some Amway distributors may have been able to earn residuals for a period of time, it is evident that attrition would inevitably take its toll on any Amway firm sooner or later.

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. When you think about it more seriously, what kind of business could you genuinely walk away from in 5 years and not have to do anything else? 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 upkeep 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.

The unfortunate reality is that many of those who are attracted to the Amway opportunity are frequently young individuals who are looking to gain more out of their lives. They are frequently ambitious, but they may lack the means to accumulate wealth, which is why the potential to make money appeals to them. 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. According to the more likely scenario, your involvement with Amway will most likely result in you not making any money at all. The most likely outcome is that there will be a net loss. Anyone who disagrees with me on this point is invited to prove me wrong.

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