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Thursday, August 26, 2021

The Am-Way To Retirement?

 One of the things Amway executives do is to make fun of folks who have regular employment. The group was convinced that Amway offers their best opportunity at obtaining financial independence, which would allow them to quit their day jobs. Ironically, the jobs of independent company owners (IBOs) are what allows them to fund their Amway enterprises. Most Independent Business Owners (IBOs) would be out of business within weeks if it weren't for their work income that helps them fund their Amway operations. People are made to loathe, if not despise, their jobs by their superiors. I recall a higher-up telling me that if you wouldn't perform your job for free, it meant you didn't enjoy it that much. But, to be fair, the same can be said about Amway, don't you think?

Rather than working a job for 30 - 40 years and then retiring on a pension or social security that may or may not be available when you retire, the primary selling factor appears to be the 2-5 years of part-time work. As a result, people get fearful about the future, and then the Amway opportunity is presented in a good light because the Amway opportunity has a minimal initial investment and hence is attractive to them. What the uplines fail to highlight is how the opportunity can quickly devolve into a money pit when the de facto monthly PV quota of 100 to 300 PV begins to accumulate. These IBOs would certainly move 100 PV every three months if individuals only purchased stuff that they actually needed, unless they are actively marketing goods to non-IBO clients, which is my guess (which is not that common IMO).

Uncovering the hidden costs of registration occurs only after an IBO has agreed to register. Many uplines will introduce voicemail, standing orders, and other services, emphasising how important these tools are to the success of IBOs. The majority of new IBOs aren't aware of this and are under subtle pressure to conform and give it a shot. Upline may loan tools to their downline at first, but eventually the IBO will be encouraged to become a "real" business owner who should be purchasing their own tools to loan to their downline, and the cycle will repeat itself.

If you look at some form of the Amway recruitment plan, you will notice that the majority of active IBOs are at the 100 PV level, which will earn you a monthly bonus of approximately $10. If that same IBO also subscribes to the tools system, that IBO will most likely be losing more than $100 a month, not considering the goods purchases made through the system. In addition, because so many IBOs have been convinced that working a job is so dreadful, they can be convinced that their current state of financial hardship is transient and that limitless prosperity is only around the corner. Unfortunately, for the majority, this is the norm, and even with the sponsorship of a few downline members, the losses continue to rise. Despite this, many people believe that this is preferable to working.

There is no such thing as a retirement in Amway. Not a single Amway supporter could identify and show evidence of even a single person who established Amway and then walked away to enjoy significant residual income over the course of the years. It is said that diamonds are forever since they labour forever and never retire because if they did, their revenue would cease to be generated. If I may add, presenting a diamond lifestyle is a very expensive enterprise, as is capturing the essence of one. There is no such thing as a "Am-Way" to retirement.

The irony is that a job allows people to pay their monthly bills and provide for their families, and many people enjoy the work they do and the people they work with. The fact is, no matter how much your upline leaders try to convince you otherwise, this is the exact same reason that upline leaders make when questioned why they are still working rather than roaming the beaches around the world collecting large sums of residual money. I would recommend IBOs to take a close look at their Amway efforts and assess if they are useful to their financial situation. In the majority of circumstances, your Amway efforts are only beneficial to your upline's financial situation. For the vast majority of those who participate, the Amway opportunity is no better than a regular employment. Precautions must be taken!

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