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. Many independent business owners never sell a product or sponsor someone. Under those circumstances, it is impossible to start a business. Nonetheless, this is the most prevalent experience among newcomers.
Many independent business owners (IBOs) 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. 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. A failing business appears to be solved by attempting to open more "Amway stores," despite the fact that sales are down.
New hires are also urged to become involved in the educational system, regardless of their ambitions or business objectives. The failure of IBOs is frequently caused by the failure of the participants in the system. 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. Even IBOs who are able to progress and make some money will be merely routing their profits to their upline through their tool consumption, regardless of their ability to progress. It is my educated judgement that an IBO will need to reach the 4000 to platinum level before they will begin to make a profit. And, if I may add, probably less than one percent of IBOs reach the platinum level, so you are already up against enormous odds simply to reach the break-even point in Amway, let alone achieve financial independence.
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. To be honest, the strategy appears to be understandable only to those who are unable of conducting a thorough analysis of a business plan. This is due to the fact that the presentation is more about selling dreams and wishes than it is about selling products.
Do you run a legitimate business or are you making a joke? You make the call.
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