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Saturday, August 14, 2021

Residual Income?

 I became attracted in the Amway business because of the idea of residual revenue that would last a lifetime or even pass down from generation to generation. Residual income is income that continues to accrue even while you are not actively engaged in it. For example, if you deposit $100 in a bank account, you will receive interest payments every month. The difficulty is that $100 would only provide you just a few cents every month, which would be insufficient to allow you to retire and enjoy the trappings of riches indefinitely. This will not be possible in an Amway business, unless you are one of the tiny fraction of 1 percent of people who can overcome great odds, which is not likely.

Amway IBOs have a retention rate of approximately 50%, according to the company. Approximately 5 percent of IBOs persist more than a few years, with the majority lasting less than a year. As a result, any aspirations of generating "residual revenue" are improbable. When people are quitting faster than you can acquire them, you will not be able to obtain repeat clients or build a downline. It is reasonable to presume that you will not be able to generate residual income if you are unable to keep IBOs. In reality, I am not aware of any Independent Business Owners (IBOs) who have ever "walked away" from their Amway business in order to reap the benefits of residual income. Has it crossed your mind to wonder why diamonds and crown ambassadors are still in the workforce and why none of them has quietly stepped down? I'd imagine that they don't retire because they are unable to do so. Once you stop, it is highly likely that your revenue will also cease. Maintaining a diamond lifestyle would require a significant amount of money. As a result, how can someone simply walk away and expect to maintain their standard of living? To my mind, the solution is self-evident. You can't just walk away and call it quits. It is most likely the reason why even the crowns and all of the jewels continue to maintain hectic schedules. I have serious doubts about if they are working because they "love" their downline.

It's no secret that diamonds make money from the selling of services like as standing orders, voicemail, and other features. However, once you cease to appear at gatherings, I do not suppose you will continue to receive a percentage of tool revenues. Aside from that, Amway has a criterion for "side volume" in order for an IBO to be eligible for certain bonus opportunities. How can you keep a high level of side traffic while not being active and recruiting IBOs to your business? Your downline, according to my upline, will do what you do. If you "go away," your downline will follow you. Maintaining your Amway business is the best way to ensure its long-term viability. I sometimes worry if the gems even have a plan, let alone enough cash and assets to be able to retire one day.

The income of a diamond may be broken down using basic math. Even a $250,000 annual salary isn't all that much when you factor in all of the expenses connected with living the diamond lifestyle, which can be very high. Wealth is created by the diamond lifestyle, which is a deluding fantasy. One item appears to be glitzy, but I'm not persuaded that these jewels are spending their money lavishly behind the scenes. Many professional athletes become bankrupt within a few years of the conclusion of their playing careers. These athletes make significantly more money than Amway gems. The distinction is that diamonds can continue to work while professional athletes cannot. But, in my opinion, the common denominator is that you are living a lifestyle that your money cannot support. I'm hoping you can notice the parallels. To my mind, the answer is extremely clear.

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