I hear Amway proponents say time and time again that if you approach your business like a genuine business, you will succeed. It has come to my attention that the majority of IBOs do not treat their firms as legitimate enterprises. In addition, I believe that the Amway business model is defective, and that many Independent Business Owners (IBOs), in their drive to sponsor downline, engage in irrational behaviour at times, such as manipulating people into attending meetings. Consequently, Amway has a terrible reputation as a result of IBOs' past behaviour, and people become wary whenever they are asked about some internet business, "ecommerce," or whatever buzzwords IBOs are using these days in conversation.
Furthermore, many independent business owners do not care to qualify their prospects. They will fund anyone who is still alive and able to breathe. It's possible that this is due to uplines making the business appear simple. To give you an example, I've heard that reaching platinum is so simple that even a dog can achieve it. Another blunder that IBOs make is that they do not consider the chances of an IBO becoming successful. Their sponsorship policy is that they will sponsor anyone, anywhere, and at any time. In the same way that launching a new store causes competition, I am not aware of any IBOs who take this into mind prior to recruiting a new prospect in the network marketing industry. While individuals you sponsor can potentially benefit from your efforts through leverage, they can also become your competitors for new customers and recruits, especially if your new downline is a buddy of yours with whom you share common friends and acquaintances, as is the case with many MLMers.
New hires are also urged to become involved in the educational system, regardless of their ambitions or business objectives. It is this participation in the system that frequently results in the financial failure of IBOs. These individuals spend far more on tools than they make in cash. As a result, the low retention rate among IBOs is a significant contributor. In fact, even those IBOs who are able to advance and make some money will be merely routing their gains to their upline as a result of their tool consumption. It is my educated guess that an IBO will need to hit 4000 PV or the platinum level before they will begin to break even. I'd also like to point out that probably less than a tenth of one percent of IBOs achieve the platinum level, so you're already up against tremendous odds just to reach the break-even position in Amway.
This is where an IBO's true abilities are put to the test. Enter a financial institution. Speak with a loan officer and provide the loan officer with a copy of the 6-4-2 or 9-4-2 plan, depending on which plan your group employs. And check whether the loan officer is willing to issue you a loan based on your proposed strategy. You are more likely to get laughed out of the bank if you do this.
Do you run a legitimate business or are you making a joke? You make the call.
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