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Saturday, August 14, 2021

The Amway Money Pit?

 Having been blogging about Amway for some years, I've gained a great deal of knowledge about the company and how it operates. In my professional opinion, the vast majority of Independent Business Owners (IBOs) lose money because the system, which includes the standing order, the book of the month, voicemail, and various other services, is a money hole. The system will never be completely satisfied. This means that it must constantly take money out of the pockets of IBOs in order to maintain itself and the extravagant lifestyle that some diamonds and upline leaders are known for portraying. Unfortunately, although the system is presented as the key to IBO success, the reality is that the system is the very reason that so many IBOs experience net losses. The fact that it is done one standing order or one function at a time means that IBOs are frequently unaware of the fact that they are being methodically drained of their money. For example, some uplines would teach that the Amway business is about investing in one's business, creating lifelong connections, or making an IBO a kinder person, among other things.

Let's have a look at some of the system's components. The use of voicemail is completely needless. Because IBOs can send messages for free using email, text messaging, Twitter, or even Facebook, it is absurd that they should be required to pay for a technologically obsolete mode of communication. The functions are also a waste of money in terms of resources. With the advent of telecommunications, there is no longer a need for as many meetings and functions as there once were. Many IBOs suffer financial setbacks as a result of these functions, particularly those where flight travel and hotels are required. Many of these IBOs never recover. While I agree that open meetings are more effective when held in person, I believe that these meetings are typically held in a regional setting and are not as expensive as out-of-town events. Due to the fact that functions are often taped, when this occurs, IBOs end up paying twice for the same piece of information. I don't have a strong opinion about the book of the month, save that some of the books may be little more than propaganda for the AMOs and the systems they promote. It is often acceptable to listen to ones that discuss success principles. However, in general, I believe the return on investment is poor, and in many circumstances, a group of IBOs will actually spend more money on tools than they will receive in Amway bonuses.

In order to avoid the issue of scams, uplines emphasise that the opportunity is a labour of love. As a result, IBOs do not get the impression that something is too wonderful to be true. In the meanwhile, they are frequently forcefully encouraged to participate in the system. Some independent business owners (IBOs) are rejected if they do not acquire tools, which may be against Amway policies. But the IBO who is ostracised may be better off in the long run because those who do invest in tools often discover that the system is nothing more than a money pit, where money goes in but nothing comes out. Currently, there is no independent evidence that the approach provides any tangible results, as far as I am aware. If you live in the United States, you may have difficulty locating newly discovered diamonds. Certainly, there are some new platinums, but there is evidence that system platinums make very little money or even lose money, and many of them are unable to maintain their current levels of production. The system essentially works by sucking money from IBOs and diverting it to specific uplines, most likely those who flaunt their new sports cars and designer suits. Is this anything that you're interested in?

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