So many people are deceived into believing that by joining an Amway Independent Business Owner (IBO), they will magically become wealthy. Many recruiters will tell wonderful stories about how they were formerly broke, but signed up, persevered through trials, and are now gems enjoying untold riches and luxury in their new lives. 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 (not a Q12) earns approximately $150,000 per year. 2. 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. Yes, a Q12 diamond would have higher revenues, but a Q12 diamond is the uncommon exception rather than the rule in the diamond world. Additionally, because a diamond's income is primarily in the form of a yearly bonus, his or her monthly income is not much to brag about if the diamond does not have any tool revenue. My correspondence with a former Emerald confirmed that the bonus must be budgeted to ensure that it is available for usage for the entire calendar year.
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. When you sponsor downline members, the majority of them accomplish little or nothing and eventually resign. How can you establish an empire when you have a lot of quitters?
3. The majority of Amway items appear to be acquired by independent business owners (IBOs) rather than sold to customers. Give an example of an actual firm that survives by having the majority of its items purchased by its own employees or salesforce. As far as I know, MLM is the only enterprise in which this occurs. Understandably, this explains why 99 percent or more of Amwayers who follow the "method" either make nothing or lose money.
4. For the vast majority of independent business owners (IBOs), the costs of functions, standing orders, and other support materials are the primary reason for their financial failure, while it also represents a significant profit for some of the diamonds who sell the materials. This is an extremely serious conflict of interest that goes undetected.
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. The system is faulty, and it is structured to cause the majority of people to fail in order for a small number of people to succeed. Make the calculations for yourself.
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. I am open to hearing and considering different points of view.
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