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Saturday, August 14, 2021

Is Your Business A Joke?

 In my opinion, it is tragic that many Amway uplines would ask/demand loyalty from their downline, which will ultimately lead to them operating their businesses as a joke rather than a company. Although many independent business owners are young, motivated, and hardworking individuals who simply want more out of life, some unethical uplines take advantage of their downline and essentially suck the life out of these individuals while convincing them that they are running a business and succeeding. Most new Amway IBOs have little or no business experience, and as a result, they are more likely to believe what they are told than to question it. Upline will portray themselves as wealthy and knowledgeable even if this is not the case; they will do as they are told because they do not know any better. In certain cases, diamonds had their homes foreclosed on, and one renowned triple diamond was in the process of going bankrupt.

Many groups instruct their IBOs to "purchase from themselves," which is one of the skills they learn. Many people dislike or are incompetent at selling items, and as a result, many companies advise their independent business owners (IBOs) to be their best client, and in other situations, the IBO is their only customer. This type of business model may be considered illegal because the only way to generate profits is to continue recruiting downlines who will then allow you to generate more volume, provided that these new IBOs purchase their own goods at the same time as you do. Those who operate their businesses in this manner may be operating an illegal business. Given Amway's generally uncompetitive pricing, it's no surprise that most independent business owners (IBOs) have difficulty retaining sales to non-IBOs, with the exception of family and friends. Only a small number of non-IBO consumers appear to be served by IBOs, even those who claim to be focused on selling exclusively. For example, how many non-IBOs would be willing to spend roughly $80 for a month's supply of Amway's famous double x vitamins?)

Another thing that IBOs are taught is that the business is not about making money, but rather about helping people. The most important thing is to make friends and grow into a more pleasant person. Some organisations, such as the WWDB, appear to teach that their membership with the WWDB or Amway can help save relationships. Surprisingly, these assertions are made even when some of their leaders are themselves separated or divorced. It was said on the blog of a WWDB IBO that the divorce rate in the United States is 60 percent, whereas the divorce rate in WWDB is only 2 percent. Even though I heard this as an International Business Organization member 12 years ago, it appears to be still being taught today, which is troubling. Amway defenders like to claim that their critics are out of date, but the evidence suggests that things are more or less the same today than they were in the past.

Another thing that many independent business owners (IBOs) may be taught is that all of the support items they buy are tax deductible. That isn't always the case, however. The contents must be put to use in order to assist you in growing your firm. Attending functions and placing standing orders may not be considered a legitimate tax deductible by the IRS unless the activities result in an increase in sales and profits. If you don't, the Internal Revenue Service may consider you to be running an Amway hobby rather than a business. When IBOs brag about how well their businesses are going and then brag about the fantastic "tax return" they received as a result of their Amway business, I find it hilarious. The joke is on them, but they are completely unaware of it.

So, IBOs, are you keeping track of your earnings and expenses? Having purchased new tools, are you enjoying profits as a result of your purchases, or are your purchases the precise reason you are experiencing losses month after month? Take a moment to reflect on what has been said here objectively. Are you running a legitimate business or are you playing a joke on yourself?

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