So many people are duped into believing that by becoming an Amway Independent Business Owner (IBO), they will somehow become extremely wealthy. Many recruiters will tell stories about how they were once broke, but that they signed up, overcame obstacles, and are now diamonds enjoying untold riches and luxuries as a result of their efforts. People become engulfed in "dreams" and are frequently encouraged to disregard the evidence. People who own and operate businesses should pay close attention to the facts because they reveal a great deal about their company and its chances of being successful. However, what are some interesting facts about the Amway business that many people aren't aware of? I've outlined a few of the most important ones for those who have ambitions to become diamonds.
1. According to Amway, the average diamond earns approximately $150,000 per year. 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, but a Q12 diamond is the exception rather than the rule in this case. (According to Amway.com, a Q12 diamond can fetch more than $500K, but a Q12 diamond is a rare exception.)
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 extremely difficult to develop six (6) downline platinums. Even finding people who are willing to simply listen to the plan can be time-consuming and difficult.
3. The vast majority of Amway products are purchased by independent business owners (IBOs) rather than sold to customers. Give an example of a real business that survives by having the majority of its goods purchased by its own employees or salesforce. As far as I know, MLM is the only business in which this occurs. Understandably, this explains why 99 percent or more of Amwayers who follow the "system" either make nothing or lose money.
4. For most IBOs, the cost of functions, books, voicemail, and standing orders, as well as other support materials, is the primary reason for their financial failure, while it also represents a significant profit for some of the diamonds who provide the materials. After all, who needs voicemail these days, right?
5. Someone's failure is not always the result of their failure to put forth their best effort. Working hard, on the other hand, does not equate to success in the Amway business. According to my estimation, only a fraction of one percent of hardworking IBOs make a significant profit, even among those who put in the most effort. Obviously, doing nothing will not get you anywhere, but in this business, working hard will also not get you anywhere very often. It is my educated opinion 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 extremely hard.
Despite the fact that I could go on and on, here are a few important facts that IBOs and information seekers should be aware of. I am open to hearing and considering different points of view.
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