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Thursday, August 12, 2021

Get Rich "Slow"?

 It used to be said by my upline that Amway was not a "get rich quick" opportunity. I presume they say this because if they promoted it in this manner, the majority of people would assume it was a fraud. But think about it for a moment: if you put in the effort and construct it correctly, in 2-5 years you will have a will-able, residual income for the rest of your life while walking the beaches of the world? Is that not the definition of "get rich quick"? In other words, is it more of a disclaimer to ensure that the offer does not appear to be "too good to be true?" One thing is certain: even if your uplines tell you that it is not a get-rich-quick scheme, it is clear that IBOs believe they will eventually become wealthy, even if it is not "fast." Unfortunately, they are mistaken.

What most independent business owners (IBOs) fail to realise is that they are unlikely to even make a profit, let alone become wealthy in Amway's business. How many of these folks are there in the world? Where have all of the retired Amway Independent Business Owners (IBOs) gone who created a business in 2-5 years and then walked away from it, knowing that they would continue to get a big residual income for many years to come? Nobody I know has done this, and none of the Amway defenders and zealots I've met have been able to provide me with this information either. According to what appears to be a myth or urban legend, people have genuinely retired from Amway on the basis of residual income. We also understand that it is practically impossible to maintain a lucrative Amway operation owing to attrition. People leave the firm on a daily basis, thus even what appears to be a stable enterprise can be demolished in a very short period of time. Walking the beaches with retired Amway diamonds with residual income is comparable to the mythology of Bigfoot/Sasquatch, in my opinion. Everyone has heard of them, but no one has ever been able to provide real evidence that they actually exist.

As a business opportunity, I recognise that Amway is a viable option, but I also recognise that it will require significant effort to see results. When you think about it more seriously, what kind of business could you genuinely walk away from in 5 years and not have to do anything else? It's more than probable that business doesn't exist, regardless of whether it's affiliated with Amway. Assume you've started a traditional business. There aren't many situations in which you could simply walk away after a few years' work experience. Work and upkeep would continue to be required for the company. However, for some reason, individuals are led to believe that this is possible in Amway, despite the fact that the company has a high attrition rate and that your business can only increase by word of mouth.

The unfortunate reality is that many of those who are attracted to the Amway opportunity are frequently young individuals who are looking to gain more out of their lives. They are frequently ambitious, but they may lack the means to accumulate wealth, which is why the potential to make money appeals to them. Unfortunately, these charming young people are more likely to wind up pouring their hard-earned funds into standing orders and functions that will almost certainly result in a net loss for the company. The bottom line is that not only is Amway not a get-rich-quick scheme, but it is also not profitable. According to the more likely scenario, your involvement with Amway will most likely result in you not making any money at all. The most likely outcome is that there will be a net loss. Anyone who disagrees with me on this point is invited to prove me wrong.

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