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Friday, August 27, 2021

Amway Prospects?

When I was an IBO, my upline used to advise us to recruit people who had a financial need or young people who were open minded because they were less likely to have preconceived ideas about Amway. I followed this advice and recruited people who had a financial need and young people who were open minded. I was about 29 years old when I was first recruited by my sponsor, and I was not in the financial situation that I desired at the time. I believe that this is a standard procedure today, to identify people who are in need and then present Amway as a solution to their problems. Due to the fact that they are frequently just starting their professions and have many years left to work before they can think about retirement, young people are often more open-minded about the subject.

This, I believe, is one of the reasons why some people are so vehemently opposed to Amway. This group believes that Amway is the answer to their quest for long-term financial stability, and admitting that they were mistaken is tough because it would not only disclose the wrong, but it would also leave them without the "hope" of long-term financial freedom. After all, the pitch of "2-5 years, part time" appears to be quite promising in terms of financial independence.

When the gems walk on stage in luxury clothes and talk about getting up at noon and living a life full of luxuries, many prospects see the possibility of huge dreams coming true for them. On the surface, it's similar to fantasising about striking it rich in Las Vegas or winning the lottery. I don't think it's unreasonable for prospects to want some of these things. Certainly, some of these aspirations resurfaced for me when I was an independent business owner. But isn't it sleazy to sell prospects on their goals when you know they have a very slim chance of ever achieving their dreams in their lifetime?

Sadly, however, the sad reality is that some diamonds are merely performing, much like an illusionist or a magician, in order to attract attention. Despite the fact that diamonds can make six-figure salaries, after taxes and other expenses such as medical insurance, a diamond is quite likely to live a fairly middle-class lifestyle. The truth is that a crown ambassador type may earn a million dollars, but these Amway corwns are quite rare, and the ones that do exist have been in the industry for a very long period. The likelihood of any new IBO entering the market and reaching that level is little to nonexistent. In reality, as time progresses, it appears that more diamonds are leaving the company due to divorce, better MLM possibilities, or simply quitting, or even passing away while still actively engaged in the Amway business. It is undeniable that long-term residual income is a figment of imagination.

Amway now states that the average independent business owner (IBO) makes $202 per month. That figure is misleading because Amway states in the fine print that the "average" income is based on "active" independent business owners (IBOs). Only 47 percent of IBOs are regarded to be active, resulting in an actual average monthly income of approximately $100. A monthly fee of $100 is inclusive of the diamonds and big shots who help to raise the average. However, that income is gross in nature and does not take into account the time and business expenses spent in developing the Amway business. As a result, it's easy to see how independent business owners (IBOs) can wind up losing money. How many Amway prospects would genuinely reconsider their decision if they were aware of this information? 

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