IBOs have extravagant visions of infinite wealth and financial freedom, which they pursue with zeal. They believe they will "build it once" and then lounge back on the beaches of the world, sipping exotic beverages while the six-figure checks continue to arrive in the mailbox. To be sure, it's a beautiful notion, but not a single independent company owner I've met can point to a single IBO who has attained diamond status and then walked away from the firm to enjoy independence while the money continues to come into his or her bank account. It is highly likely that there is no one else like this. While it's possible to become a diamond and walk away from a firm while still earning bonuses, that business would most likely fall out of qualification very fast, and the bonuses would be reduced to nothing very quickly. Also, I believe that in order to qualify for bonuses, an IBO must have side volume in excess of 2500 PV, which is approximately $7500 monthly in personal group volume. If a diamond business suffers from regular attrition, it is simple to understand how it could break apart more quickly than a cheap suit that has not been properly maintained.
I also see and hear many Amway Independent Business Owners (IBOs) bragging about how someone in their upline earns $60,000 or more a year. While it may appear to be a substantial income to someone working in a low-wage or entry-level position, such income is gross and may not leave much after taxes and other company expenses. Even a diamond who earns an average of $150,000 per year will have a very low monthly income from Amway because the majority of that revenue is received in the form of a yearly bonus, according to the company. If Amway is your only source of income, as a former member once warned me, you need to budget out that annual bonus or you could find yourself in financial problems later in the year.
Also, you may have noticed diamonds displaying sports vehicles and other signs of affluence on the street. In my old LOS, WWDB, they have a function dubbed "Dream nite," during which they flaunt extravagant displays of riches. In any case, it is my educated belief that the majority of diamonds cannot afford the lives and toys that they flaunt during these functions. It is easy to see that, after taxes and other expenses, a diamond lifestyle is going to be very ordinary if you do the numbers. Normally, this would be unimportant, but because diamonds utilise this display of wealth to recruit IBOs and sell tools, it is important for IBOs to be aware of it. Most likely, the longest-tenured diamond will have some lovely trappings, and the slideshow will display the niceties owned or rented by a diamond, as if all diamonds live in the same manner.
While it is admirable for someone to have ambitions and goals, it is also crucial for them to have goals that are attainable. Having a room of IBOs go diamond and earning the kind of money that is depicted in "the plan" is simply not doable. Amway recruiters will show you "what is conceivable," but they will not show you "what is most likely." With that in mind, it is "possible" to start a software company that will force Microsoft out of business, but it is not likely to happen. The possibility of you winning the lottery exists, but it is not likely. My recommendation to IBOs is to never quit their day jobs, under any circumstances. Your aspirations and goals can be realised in a variety of ways, but it is unlikely that they will be realised through an Amway business.
Quitting your work is never an easy choice to make, and there are many things you need to think about before making such a huge adjustment in your life. Leaving a job that you despise in order to follow a career path that is more fulfilling might be an appealing concept; but, before making such a move, it is essential to assess the potential dangers against the potential advantages. Here are some of the reasons why you should probably give quitting your work some serious consideration before doing so:
Stability in your finances: Because of the employment you have, you have a regular income, which enables you to pay your bills, take care of your family, and put money away for the future. When you quit your work without having a strong plan in place, you put your financial stability at risk, which can lead to feelings of worry and anxiety.
Numerous employment opportunities include desirable advantages for their employees, such as medical insurance, retirement savings plans, and paid vacation time. If you quit your employment, you will no longer receive these benefits, which can be a big blow to both your financial and personal well-being.
Opportunities for building relationships and advancing your career may present themselves in the form of various networking possibilities that you can pursue at your present place of employment. If you quit your job, you will likely lose these contacts and will likely have to start from square one in a new field or on a different professional path.
Even if the job you have now isn't exactly what you envisioned for yourself, there is still a possibility that it will provide you with opportunities for professional development and promotion in the future. If you decide to quit your career, you run the risk of missing out on these possibilities and having to start from square one.
ambiguity: If you quit your work without having a specific strategy for the future, you may find yourself in a condition of ambiguity regarding your life. The possibility that you do not know what steps to take next or where your career is headed is a source of potential stress and anxiety for you.
It is important to remember that remaining in a work that causes you to feel dissatisfied or unsatisfied can have its own set of negative repercussions, even if it is necessary to consider the potential disadvantages of quitting your job. However, it is equally important to remember that it is important to consider the potential downsides of quitting your job. If you've been giving some thought to leaving your current work, here are some things you can do to make the move easier on yourself:
Make sure you have a concrete strategy for what you will do once you leave your current work before you really go ahead and quit. This could include looking for a new employment, beginning your own business, or returning to school.
Save as much money as you can since having a financial buffer can assist ease the transition from your old job to your new one. Before you give up your job, you should make it a goal to have enough money saved up to cover your living expenses for at least six months.
If you are thinking about changing careers, you should begin researching your possibilities and building professional connections as soon as possible. If you want to ensure that the choice you make is an informed one, it is important that you familiarize yourself with the relevant information, participate in relevant industry events, and network with industry leaders.
Talk to a career counselor: If you're unsure about what actions to take next, you might want to consider talking to a career counselor or coach who can guide you through the process of finding a new job or career path.
In conclusion, quitting your work may seem appealing, but before you make such a huge shift in your life, you should give great consideration to the potential benefits and drawbacks of this decision. Before selecting a choice, it is important to take into account your level of financial security, the perks offered, the potential for professional progress, and the level of unpredictability. In the event that you do choose to leave your employment, it is imperative that you have a concrete strategy in place and that you take measures to enable a more seamless transition.
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