I've heard or read that Amway has over 3 million independent business owners (IBOs) globally, with several hundred thousand IBOs in the United States and Canada. Over the course of more than 50 years, Amway must have had tens of millions of independent business owners (IBOs). One of the selling points that many people use to promote Amway is the fact that you can construct your business once (and correctly) and then walk away from it and get residual income for the rest of your life, which is passable to your children and grandchildren and recession proof. At least, that's how it was presented at the time, and it appears to be how it is still presented now.
That these Amway retirees appear to have vanished from the face of the earth is something that I find incredibly strange. I'm referring to the diamonds' decision to quit, resign, or continue working. Even the crown ambassasdors are still in the field working hard. It appears strange that someone may choose to walk away from their Amway business while large sums of money continue to pour in from all directions. You have the freedom to golf, travel, have fun, and do anything you want, whenever you feel like it, without restriction. But why do diamonds leave or abandon their jobs? Why don't any of the big hitters take advantage of the opportunity to walk away? Various Amway defenders claim that a large number of people have taken advantage of this opportunity, but no one has ever been able to name even a small number of them. Keep in mind that the people making this claim are most likely lying or inventing it because only Amway would know who was being compensated, and Amway would have no way of knowing what kind of work was being put forth to keep the firm running. That is to say, the assertions that people can create an Amway business and later generate considerable residual income are unsubstantiated, even by Amway. In addition, I'll point out that Amway does not offer this as an IBO benefit. This is something that current IBOs and potential should consider carefully.
It seems like I know someone who is retired from everything from firefighters to teachers to lawyers to doctors to government employees to accountants to business owners to just about any occupation you can think of. Several months ago, a friend of mine decided to leave his career as a construction material salesperson behind. Pensions, savings, and other assets and investments allow the vast majority of them to live comfortably on the proceeds of their house mortgages. They are neither dead or bankrupt by the time they reach the age of 65. While I am aware of several folks around the age of 65 who are not doing as well financially, none of them are hungry, relying on government assistance, or working at WalMart as a matter of survival. My understanding is that Amway promoters are use this as a fear technique to make you believe that the only way to achieve financial security is to start an Amway firm. Unfortunately, for the majority of people, the effect of the "systems" is net losses.
I've asked before, and I'll ask once more. 50 years or more, and tens or hundreds of millions of IBOs are possible. Where have all of the Amway IBO retirees gone? Whether they're real or mythical creatures like the Sasquatch is up for debate.
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