An incredible number of enthusiastic young individuals join Amway with the expectation of retiring early, living a luxurious lifestyle, and essentially enjoying life without worry. The majority of those that join Amway are likely to be highly motivated, hardworking, and desirous of achieving more success in their lives. Their goals are admirable, but it raises the question of why so few individuals actually succeed in Amway, and why there are so few new diamonds being discovered, at least in the United States and Canada.
I believe that a contributing factor to the problem is that the people who recruit new prospects into Amway frequently imply that everyone has a chance to be a diamond and that it is not that tough to become one. I once overheard someone say that going platinum was so simple that even a dog could accomplish it. It's clear that this isn't the case when less than one percent of IBOs ever reach the platinum level, and even those who do are frequently unable to maintain the volume levels that they achieved.
Let's boil it down into numerical terms. It is common for platinum groups to consist of 100 to 150 IBOs. Of course, not all of them are actively involved in product distribution or downline recruitment. When you combine six platinum groups with some side volume, you get a diamond group with 750 to 1000 IBOs at the very least, if not more. Being a platinum can be compared to being the general manager of a company, while being a diamond can be compared to being the CEO of a large corporation or corporation. Work your way up the corporate ladder and you could one day become a manager or the company CEO. Some IBOs believe they will never be able to attain those goals at work, but they believe they will be able to outperform their sponsors in Amway, making it a superior deal. But, even if you earn more than your sponsor, does this imply that you will eventually achieve platinum or diamond status? Those that go diamond, in my opinion, are a more accurate indicator of success. The diamond is frequently depicted as the pinnacle of achievement, and it is the aim shown in "the plan."
However, as previously indicated, becoming a diamond would be equivalent to reaching the position of CEO in a corporation. There is just so much space available at the top. That is correct. Despite the fact that there can be many diamonds, you would still need approximately 100 to 150 downline members to become platinum, and you would still require six platinum downline groups, which equates to approximately 750 to 1000 downline IBOs to be diamond, in addition to your personal group. As a result, a diamond is analogous to a CEO who starts his own business. Consider the fact that half of your group is likely to leave each year, requiring you to replace hundreds of IBOs each year in order to maintain the bare minimum of platinum or diamond certification. When you factor in the fact that the company's name is "Amway," which some individuals find offensive, keeping a group becomes a tough effort. Consider what it would be like to be the CEO of a firm that loses half of its staff every year. That is exactly what a diamond "lifestyle" consists of.
As far as I'm aware, living the diamond lifestyle consists of having hectic schedules, continuously working to help your groups maintain volume and recruit more independent business owners (IBOs), and sponsoring and keeping your own personal group with 2500 PV volume. If you are unable to maintain a personal volume of 2500 PV, I believe you will not be eligible for some of the bonuses offered by Amway. Another reason for this is that, due to the fact that most of the other employees work 8-5, a diamond is out working night shifts and unusual hours to keep the group together and running smoothly. When you add in the time spent travelling to and from speaking engagements as well as the constant churn of meetings, you have little time left over to really work on your business or spend time with your family. Unfortunately, many people join in order to gain more time and money, but they frequently find themselves with less time and less money as a result of their involvement with the numerous meetings and festivities.
So, is it possible to be successful with Amway? Sure, it's already been done, but I feel that many diamonds are likely to be busy working strange hours than someone who works regular hours. Although the diamond lifestyle is portrayed as glamorous, I believe the reality is not quite as glamorous as the portrayal. For further information, see my previous post about visiting with a diamond.
persons in Amway, much as in other multi-level marketing (MLM) firms, have a financial incentive to recruit others to join the company so that they can earn commissions on the sales those recruited persons make. Because of this structure, many people describe to multi-level marketing businesses as "pyramid schemes," and Amway has not been exempt from these allegations. Nevertheless, Amway has also been successful in establishing a huge and devoted following of independent business owners (IBOs), who believe in the company's goal and goods. These IBOs are referred to as "believers."
Those who do choose to become Amway Independent Business Owners (IBOs) may find that advancing up the pyramid is not always an easy or satisfying process. The first thing you need to do is convince other people to sign up with the business and become part of your downline. This entails pitching the concept of Amway to people one's circle of friends and family, as well as to anyone else who might be interested in expanding their financial horizons.
After you have convinced other people to become employees of the organization, the following stage is to ensure that they are successful in their roles. This comprises promoting Amway's products and services, in addition to providing training and support to Amway distributors. You will be able to earn commissions on the sales that your downline generates as it grows, and there is a possibility that you will also qualify for bonuses and other incentives.
Climbing the Amway pyramid, on the other hand, is not a simple task, and many Independent Business Owners struggle to make a large income. Because the company's wares are typically more expensive than comparable things that can be purchased elsewhere, it might be challenging to move them off the shelves. In addition, the structure of MLMs can be murky and difficult to understand, which can be especially challenging for those who are just starting out in the industry.
In spite of these obstacles, a significant number of Independent Business Owners (IBOs) continue to have faith in the Amway concept and are prepared to devote the necessary amount of time and effort to achieve their goals. For many, the potential benefits of being financially independent, having flexible work schedules, and the fulfillment that comes from developing a successful business are worth the dangers that are involved.
In order to advance up the Amway pyramid, it is essential to have an in-depth knowledge of not only the products and services offered by the firm, but also the compensation structure that it utilizes. In order to expand your downline and successfully promote Amway to others, you will need to be willing to put in the necessary amount of time and effort. Participating in training sessions, organizing events, and actively seeking out new members are all potential responsibilities that come with this role.
In the end, whether or not you are able to scale the Amway pyramid will be determined by a number of criteria, such as your abilities, your level of commitment, and your level of willingness to take chances. It is essential to take a prudent approach to the business and to give careful consideration to the possibilities of loss before getting engaged, despite the fact that those who are successful can reap considerable benefits as a result of their efforts.
0 comments: