So many people are fooled into believing that by becoming an Amway Independent Business Owner (IBO), they will become incredibly 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 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 bring in more money, however a Q12 diamond is the exception rather than the rule in this case. Additionally, some diamonds could be communicating to audiences while still being classified as diamonds, resulting in even lower earnings for the jewels.
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. It is not always due to a lack of effort on the part of the individual. Many independent business owners (IBOs) devote their blood, sweat, and tears, as well as their money in tools and functions, only to sponsor no one.
3. The vast majority of Amway items are 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. It is understandable why 99 percent or more of Amwayers either make nothing or lose money in this business. It's an inevitability that this will happen. It's not difficult to understand why, given the hefty costs Amway charges for their products.
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. The set of tools that you use to make your diamond successful may be the secret to your success, but it will not help the great majority of IBOs.
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 achieve any sort of net profit, even among those who put forth 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. I am open to hearing and considering different points of view.
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