As an IBO who was out demonstrating the strategy, I would frequently see my upline diamond driving around town in a business suit, which I found odd. For a long time, I wondered why he kept working so hard when he could just walk away and collect residual income. My sponsor explained to me that the diamond only works because he cares about his downline and wants to assist them in their endeavours. There are two probable scenarios: either the diamond is labouring to assist his downline out of genuine care, or he is working because he has no choice! The only difference is that the diamond now works the night and/or graveyard shifts, as many independent business owners (IBOs) are establishing their businesses after they finish their day employment. ** Furthermore, it should be noted that my old upline diamond slipped to the emerald level around 2005 and has subsequently regained his diamond status. (So much for passive income for the rest of one's life.)
Amway has now revealed that the average diamond earns approximately $150,000 per year. Amway now claims that the average diamond earns more than $500K, however this is only true for a Q12 diamond (which is a rare exception, and hence I believe the average diamond income is still around $150K). Even while that is a respectable salary, after taxes and the payment of essential expenses like as medical and dental insurance, the average diamond certainly lives a very middle-class lifestyle. Take into consideration the fact that a big percentage of a diamond's revenue comes in the form of an annual bonus, which means that a diamond's monthly income may be rather low. It is possible that diamonds earn additional cash through speaking engagements, as well as through the sale of standing orders and performing functions. However, the diamond's continual appearances and efforts are necessary for this cash to be generated.
So, how likely is it that a diamond will be "free"? As a result, I would have to infer that a diamond is not completely free, and that he may actually have to spend more time sustaining his group than if the diamond had a traditional 9-5 job. For starters, a diamond must stay up with his or her personal group in order to continue to qualify for bonuses. Because of Amway's terrible retention rate, I am very certain that a diamond spends a significant amount of time recruiting individually sponsored IBOs in order to sustain this group. Additionally, a diamond must assist his six or more groups of downline platinums in order for their enterprises to remain viable, or else risk losing his or her accreditation. My prior diamond was demoted to the emerald level, but has subsequently been promoted back to the diamond level. In order to keep up and coming movers and shakers motivated, a diamond must also set aside time to recognise and reward them. When I was deemed a prospective up and coming IBO, I had the opportunity to spend time with my upline diamond.
A diamond must go to a variety of parties and speaking engagements in order to maintain his or her tool income stream. The money from tools, while it is claimed to double a diamond's income, it also adds a significant amount of expenses, particularly if the diamond and his family travel first class to demonstrate the diamond lifestyle. If some diamonds can afford to fly first class, I'm not sure how many of them can.
A diamond, after decomposing predicted revenue and taking into account projected expenses, lives a middle to upper middle class lifestyle and works as hard as a man with a 9-5 job, except the diamond works evenings and weekends instead of during the week. Ruth Carter's book provides a compelling depiction of this phenomenon (Amway Motivational Organizations: Behind The Smoke and Mirrors). Despite having a net salary of more than $300,000, the diamond in the book lived in debt, could barely pay his mortgage, and was constantly on the move from one function to the next, according to the storey. This is hardly the lifestyle that diamonds are meant to represent, though.
According to my observations, diamonds may be busy at the diamond level than the typical Joe who has a 9-5 job. The only difference is that the diamond works the night shift instead of the day shift. Is this the kind of freedom you're looking for?
The Amway business community has adopted the motto "Go Diamond, Live a Life of Leisure" as one of its most well-known slogans. Within the framework of the Amway business model, this phrase denotes the pinnacle of success and alludes to the concept that reaching the Diamond level enables distributors to lead a life that is characterized by a combination of financial independence and leisure time.
Within the framework of the Amway business model, distributors need to cultivate a sizable network of both additional Amway distributors and customers who buy the company's products in order to advance to the Diamond level. This necessitates putting in a large amount of time, effort, and attention on top of having great leadership abilities and the ability to network effectively. In most cases, attaining Diamond status calls for a commitment and level of effort that spans several years.
When an Amway distributor reaches the Diamond level of their business, they are eligible to make a substantial revenue from their company. Because of this income, they are no longer obliged to work long hours or rely on a regular 9-to-5 job in order to make a living. As a result, they are now able to enjoy a lifestyle that is more relaxed. They have the opportunity to spend additional time with their loved ones, including their families and friends, as well as to travel and pursue other interests and hobbies.
On the other hand, it is essential to emphasize that getting to the Diamond level of the Amway business model is not a simple undertaking to do. It calls for a tremendous investment of time, effort, and commitment, and there is no assurance that one will be successful. It is possible that many distributors who strive to obtain Diamond rank will fall short of their objective, and some of these distributors may even incur financial losses.
In addition, attaining diamond status might make it possible for distributors to enjoy a more relaxed way of life, but this does not ensure that they would feel happy or fulfilled in their lives. Genuine contentment and fulfillment can only be achieved by leading a life that is purposeful and meaningful, cultivating positive relationships with other people, and remaining loyal to one's own values and principles.
To summarize, "Go Diamond, Live a Life of Leisure" is a well-known tagline within the Amway business community that refers to the highest level of achievement that may be achieved within the framework of the company model. In spite of the fact that attaining Diamond rank demands a great amount of time, effort, and attention on the part of distributors, it may make it possible for them to enjoy a more relaxed way of life. It is essential to keep in mind that the only way to experience genuine joy and contentment is to lead a life that has both purpose and meaning, and that achieving success according to the Amway business model does not guarantee either of these outcomes.
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