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Wednesday, August 18, 2021

Mind Your Own Business?

 During my time as an IBO, I often overheard IBOs informing prospects that their money was none of your business. This is something I still witness today. This ensures that you can go to the compensation plan and see that you are reimbursed based on your amount of sales. That your efforts will produce results that are distinct from their efforts. All I can say is that this is a complete and utter pile of hogwash. If you are researching the Amway business opportunity and the person who contacts you refuses to provide you with financial information about their company, red flags should start popping up all over the map. If your potential sponsor is new, they may not have much information to share, but are they willing to share it or will they argue that it is a trade secret in order to protect their position?

Keep in mind that your sponsor will obtain a financial benefit from your purchases and/or sales for the duration of his/her and your company's existence. The volume that you move, as well as the volume of your downline, will be included in the volume of your sponsor and upline. You'd think that people would be willing to share their knowledge in exchange for such a generous prize. Now, I'm not suggesting that you demand to see the sponsor's personal job income, but you should at the very least be aware of the amount of time, effort, and expenses you can expect, as well as the expected results that your potential sponsor may be experiencing, in order to determine whether it's worth the investment of your time and money, especially if you will be encouraged to purchase training from the upline.

If your potential sponsor has a downline and has been in the business for a month or longer, wouldn't you be interested in knowing about their results and expenses as well? It is completely appropriate to inquire and anticipate receiving a response. Given that Amway leaders frequently speak of replicating, wouldn't you be interested in knowing what you would be duplicating? I wouldn't want to put in 12 hours a week on top of a few hundred dollars in expenses if the expected outcome was a net loss of some kind. Now, I realise that a new firm may not be profitable right away, but what are the signs that a profit is on the way? If you have difficulty selling and sponsoring downline members, you will most likely never make a net profit in your business. What should you do if you are selling and sponsoring but are not making a profit? What percentage of your profits are being eaten up by tool and training expenses?

Consequently, I have concluded that uplines and possible sponsors are reluctant to communicate this information because it would be unattractive to prospective customers. Most independent business owners lose money, especially if they have to pay for materials and training, even though they may be putting in a lot of effort. We are aware that some diamonds are experiencing financial difficulties. As well as this, we know that some, and potentially many diamonds, make more money from the tools and training than they do from the Amway business opportunity. I believe that the Amway opportunity is a long cry from the way it is presented in the advertisements, which include mansions and high-performance automobiles. I believe that the reality is a depressing reality. In the event that your potential sponsor tells you that their business income and/or performance are none of your concern, you should immediately pack your belongings and go.

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