So many people are deceived into believing that by joining an Amway Independent Business Owner (IBO), they will magically become wealthy. Many recruiters will relate stories about how they were previously broke, but that they signed up, overcame obstacles, and are now gems enjoying vast riches and luxuries as a result of their efforts. People become engulfed in "dreams" and are frequently persuaded to disregard the evidence. People who own and operate businesses should pay close attention to the facts since they reveal a great deal about their company and its chances of being successful. However, what are some interesting facts regarding the Amway industry that many people aren't aware of? I've mentioned a handful of the most crucial ones for individuals who have ambitions to become diamonds.
1. According to Amway, the average diamond earns less than $150,000 per year on average. A diamond may supplement some of this with money from the sale of tools, but after taxes and business expenses such as travel to and from the many functions that a diamond attends, a diamond would be left with enough money to live an ordinary middle class lifestyle, not one characterised by mansions and sports cars as depicted in many functions or meetings. After being updated, Amway now cites the average profits as approximately $600k per year, although this is only for Q12 diamonds (qualify diamond for all 12 months in Amway fiscal year). Diamonds in the shape of a Q12 are the exception rather than the rule in Amway. However, even if Amway no longer refers to "normal" diamonds, I have no reason to suppose that the average diamond in Amway has increased or reduced in a substantial way.
2. The majority of independent business owners are never able to sponsor even a single downline. When the majority of people are unable to sponsor anyone, it is quite difficult to build six (6) downline platinums. And how do you establish and maintain a group when the majority of the members are unable to sponsor someone despite all of the training?
3. The majority of Amway items are acquired by independent business owners (IBOs) rather than sold directly to customers. Give an example of a legitimate business that survives by having the majority of its items purchased by its own employees or sales force. As far as I know, MLM is the only enterprise in which this occurs. Understandably, this explains why 99 percent or more of Amwayers are in the red.
4. For the majority of IBOs, the cost of functions, standing orders, and other support materials are the primary reason for their financial failure, but it also represents a considerable profit for some of the companies that offer the materials. Amway does not specify which diamonds are still qualified, which means that you might easily have "former" diamonds who are still speaking at events and who make more money from tools and functions than they do from the company.
5. Someone's failure is not always the result of their lack to put forth their best effort. Working hard, on the other hand, does not equal to success in the Amway business. According to my estimation, hardly a fraction of one percent of hardworking IBOs make a big profit, even among those who put in the most effort. Obviously, doing nothing will not get you somewhere, but in this field, working hard will also not get you there very often. It is my educated belief that the high cost of support materials is the primary reason why so many independent business owners (IBOs) lose money, even among those who work really hard.
Despite the fact that I could go on and on, here are a few important things that IBOs and information searchers should be aware of. In contrast to many pro-Amway enthusiasts, I am open to hearing and considering opposing viewpoints.
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