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Friday, August 13, 2021

Just The Facts?

 So many individuals are drawn in by the hype around Amway. Perhaps not from Amway the corporation, but from the leaders of Amway groups such as WWDB, N21, or BWW, for example. Alternatively, they may promote themselves as the ultra-wealthy, or you may be given photographs of luxury such as aircraft, mansions, luxurious automobiles, and expensive jewellery, for example. Those who work with Amway dress formally in suits and business wear. All of this is done in order to offer prospects the impression of success while the reality is quite different. As an IBO, I recall seeing a variety of IBOs arrive at meetings in clunkers, but nonetheless dressed formally in a fine suit and tie. However, the truth was cars that were on their final legs, as well as (most likely) car payments. These nice people were probably just misled into believing that Amway's opportunity could help them get out of debt, or that they could earn enough money to allow their wives to be "job optional," or that they could even earn enough money to walk the beaches of the world while residual income poured in from their Amway business. It appears that the audience is experiencing hope, yet it is only a false sense of hope.

That truth is that, on average, independent business owners (IBOs) make roughly $100 in gross income per month. According to Amway, the average income of independent business owners (IBOs) is $204. However, Amway's fine print states that only 46% of independent business owners (IBOs) are deemed active, and as a result, Amway did not list any inactive IBOs. As a result, that representation does not accurately represent a "average." I should also point out that the $204 represents gross revenue, but IBOs that attend gatherings and purchase voicemail and cds are more than likely working at a loss on their investments.

Amway representatives are similarly enthusiastic about the savings that can be had by buying with Amway. The fact of the matter is that shopping at Walmart or Costco will provide you with significantly greater value (and products). Walmart does not offer Amway items, and while this is true, Walmart does sell some things that are similar or identical to Amway products, and purchasing these products from Walmart will almost always be less expensive than purchasing them from an Independent Business Owner (IBO). I can't think that buying laundry soap or shampoo through Amway would be less expensive. According to previous price comparisons that I have published, you can receive up to four times the amount of stuff for the same price. This is extremely feasible when you consider the real money that Amway's costs have increased as a result of the IBO bonuses that they have paid out. To be clear, this is not to argue that there isn't a single Amway product that may be considered competitive; nonetheless, in general, there is no comparison. If you buy at Walmart or Costco with a cashback credit card, like I do, you can get "paid" for your purchases.

It is also a fact that diamonds are not owned by the carefree, uber-wealthy individuals that their appearance would lead you to believe. The passage of time provides examples of former and current diamonds who have disclosed their incomes, and in some cases, foreclosures and bankruptcy have also been exposed through public documents, providing some context on what a diamond might make and spend in his or her lifetime. Given the need to keep up with the Joneses, I believe that many diamonds are experiencing financial difficulties. Inquire of your diamond about the facts. Financials are confirmed in genuine business, but diamonds and Amway presenters, on the other hand, are notoriously secretive about their earnings. We can't see the facts because they don't want us to?

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