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Tuesday, August 17, 2021

Building Amway?

 Many new IBOs and prospects are enthralled by the possibility of a "shortcut" to retirement and unfathomable wealth, which they believe exists. They understand the strategy and believe that they will be "going diamond" in a few years, and that everyone who opposes them is a broke loser. A number of uplines advise their downlines to avoid family and friends who are perceived as "negative." In other cases, IBOs believe (because they have been taught) that it is necessary to avoid any bad influences and only associate with people who are enthusiastic about Amway and the training they receive from their mentors. What I find amusing is how these enormously affluent uplines display photographs and slideshows of their "wealth" and tell stories about how they don't work, don't care about money, and don't have to worry about anything. However, if you ask them for financial disclosure, you will be met with a barrage of excuses. When selling a firm or wooing business partners, it is typical for people to provide their financial information about their company. A failure to disclose or a refusal to disclose should raise red flags.

It is not impossible to build an Amway empire. That is self-evident since some people are successful in their endeavours. However, because there are so many obstacles to overcome in order to expand Amway, only a small percentage of those who try succeed. I'll go over some of the difficulties. The costs are prohibitively expensive. The costs of Amway items are often higher than the pricing of comparable products available elsewhere. Even though the products and pricing offered by Amway are generally good, you will be hard pressed to locate enough attractive offers to attract enough clients to make your business successful overall. Yes, Amway goods are reputed to be highly concentrated and of superior quality. When you have to break down concentration and make arguments for increased pricing, people will just migrate to where the prices are lower, if that is even possible. Walmart is an excellent illustration of this.

The Amway brand has been tarnished. Amway has a shaky reputation in the business world. Many Independent Business Owners (IBOs) have used deception and deception to entice people to attend an Amway meeting in the past. Over the years, Amway has earned a bad reputation as a result of the poor behaviour of independent business owners (IBOs), and at least part of this can be attributed to the teachings of Amway motivational organisations such as BWW or WWDB. They teach things that IBOs go out and share, and sometimes these things are lies and dishonesty on the part of the instructors. In the past, some groups instructed IBOs to purchase their own Amway products rather than selling anything (which may be illegal). Some groups may still be engaging in this practise, but the trend continues. Some unethical IBO activity persists, and despite claims that Amway has evolved and is a new company, I don't see much difference between now and when I first joined the company many years ago. My old LOS still teaches a lot of the same material that I learned as an IBO. This is confirmed by a number of contemporary IBOs.

You can try to develop an Amway business, but the chances are that you will either make nothing or lose money, just like the great majority of IBOs. If you decide to give it a shot, best of luck to you.

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