When I was an IBO, I would frequently see my upline diamond driving around town in a business outfit, which I thought was quite cool. I used to wonder why he would continue to work if he could simply walk away and earn residual money. My sponsor explained to me that the diamond only works because he cares about his downline and wants to assist them in their endeavours. There are two probable scenarios: either the diamond is labouring to assist his downline out of genuine care, or he is working because he has no choice! The only difference is that the diamond now works the nite and/or graveyard shifts, as many independent business owners (IBOs) are establishing their businesses after they finish their day employment.
Amway has now revealed that the average diamond earns approximately $147,000 per year. That is a respectable salary, but after yaxes and the payment of essential expenses such as medical and dental insurance, the ordinary diamond most likely leads a relatively middle-class lifestyle in most cases. Take into consideration the fact that a big percentage of a diamond's revenue comes in the form of an annual bonus, which means that a diamond's monthly income may be rather low. It is possible that diamonds earn additional cash through speaking engagements, as well as through the sale of standing orders and performing functions. However, the diamond's continual appearances and efforts are necessary for this cash to be generated.
So, how likely is it that a diamond will be "free"? As a result, I would have to infer that a diamond is not completely free, and that he may actually have to spend more time sustaining his group than if the diamond had a traditional 9-5 job. For starters, a diamond must stay up with his or her personal group in order to continue to qualify for bonuses. Because of Amway's terrible retention rate, I am very certain that a diamond spends a significant amount of time recruiting individually sponsored IBOs in order to sustain this group. Additionally, a diamond must assist his six or more groups of downline platinums in order for their enterprises to remain viable, or else risk losing his or her accreditation. My prior diamond was demoted to the emerald level, but has subsequently been promoted back to the diamond level. In order to keep up and coming movers and shakers motivated, a diamond must also set aside time to recognise and reward them. When I was deemed a prospective up and coming pin, I had the opportunity to spend time with my upline diamond.
A diamond must go to a variety of parties and speaking engagements in order to maintain his or her tool income stream. The money from tools, while it is claimed to double a diamond's income, it also adds a significant amount of expenses, particularly if the diamond and his family travel first class to demonstrate the diamond lifestyle.
A diamond, after decomposing predicted revenue and taking into account projected expenses, lives a middle to upper middle class lifestyle and works as hard as a man with a 9-5 job, except the diamond works evenings and weekends instead of during the week. Ruth Carter's book provides a compelling depiction of this phenomenon (Amway Motivational Organizations: Behind The Smoke and Mirrors). Despite having a net salary of more than $300,000, the diamond in the book lived in debt, could barely pay his mortgage, and was constantly on the move from one function to the next, according to the storey.
Is this the kind of freedom you're looking for?
Within the Amway industry, there are a number of people who frequently make the assertion that Amway Diamonds may be obtained "for free." According to this assertion, once a person reaches the level of Diamond, they are able to make a considerable income without having to put in any additional work or effort. Nevertheless, this promise is deceptive and might even be harmful to folks who are considering becoming a part of the Amway organization.
To begin, one must realize that in order to advance to the Diamond level in the Amway business, a great amount of time, effort, and money must be invested. This is a fact that must not be overlooked. To achieve this level, one must normally invest several years' worth of effort, as well as their dedication and perseverance, and even then, there are no assurances that one will be successful. The notion that one can achieve the status of Diamond without making any effort whatsoever is one that just cannot be supported by the facts.
Second, even once a person has achieved the rank of Diamond, there is no assurance that they will be able to generate a substantial income if they do not continue to work hard and put in effort. This is because earning a significant income requires both work and effort. Although the Amway business model makes it possible to earn passive income through residual commissions, this income is dependent on the sales and success of the individual's downline, which needs the individual to consistently put in work to maintain and develop it.
Thirdly, it is essential to bring to your attention the fact that many Diamonds in the Amway company have constructed their empires on the backs of dubious and even contentious business practices. Some Diamonds have been accused of misleading and tricking potential recruits, making fraudulent revenue claims, and advocating the sale of costly products. These allegations have been made in a number of different contexts. Therefore, despite the fact that some Diamonds may claim to have accomplished success with no effort at all, it is essential to assess the ethical implications of their tactics as well as the possible harm that they may cause to others.
In a nutshell, the assertion that Amway Diamonds are available for "free" is deceptive and fraught with peril. It is possible to make a considerable income through the Amway business; however, in order to achieve the rank of Diamond and to continue to be successful, a great amount of time, effort, and money is required. In addition, it is essential to think about the moral and ethical repercussions of the strategies that certain Diamonds have employed in order to attain success, and one has to approach the Amway company with a healthy amount of care and skepticism.
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