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Saturday, August 14, 2021

Trading Hours For Dollars?

 The notion that a job is a disaster or that one is "simply over broke" is something I heard as an Amway IBO, and it is something I feel is still taught today. Uplines are reportedly employing this strategy to persuade prospects and independent business owners (IBOs) that a job limits one's earning potential and that a business attitude does not consider an hourly income while making decisions. While it is true that many business owners do not receive a salary, you can be sure that they are aware of the amount of time they devote to their firm in comparison to the amount of money they receive. If a true business owner determines that he is not earning enough to cover his time and financial investment, he will often make changes to the way things are done in order to become more efficient, or he will close his business and start another one, or he may even take a job to supplement his income. Conversely, Amway Independent Business Owners (IBOs) are advised to spend more money on training and functions when they are successful, which is a demonstrably horrible business practise.

The context in which IBOs are told not to think of their business as a job, it appears to me, is because many/most IBOs do not earn a net profit, and the few that do, likely earn less than the minimum wage equivalent when factoring in the hours spent building the business and the costs associated with doing so. That's fine though, because you're thinking like a "company owner," don't you? The appearance is that this is just another distraction provided to IBOs in order for them to overlook monthly losses, in the same way that IBOs believe that the business is about being a nicer person, or that running a business actually makes you a better spouse or parent, when in fact, the opposite may be true.

The fact that you have a job today is quite acceptable in this day and age. There is nothing wrong with earning a decent income by exchanging hours for bucks on a regular basis. Many people lead comfortable lives and have even accumulated substantial riches as a result of their employment. According to my observations, the problem for many people is that they do not now earn enough money to allow them to pursue the ambitions that they see presented on stage at an event. Consider the following example: a job that pays $10 an hour will net you around $1600 or $1700 in a month. Certainly not enough to be able to retire at the age of thirty-one. But what if you were paid $1000 an hour instead? That would bring you between $160,000 and $170,000 each month in income. Would that make a job more appealing to you? Yes, without a doubt! In other words, the problem is not that you exchange hours for dollars; rather, the key factor is how much you earn each hour. The same may be said about a company.

True business owners are concerned with the bottom line. For example, if you earned $6,000 per month in a firm but worked 80 hours per week to achieve that income, your hourly wage would be less than $20 per hour on average. However, if you worked 10 hours a week to earn that, you would now be earning approximately $150 per hour equivalent. The average IBO, according to Amway, earns about $115 per month (and most earn less than that), which equates to less than $3.00 per hour on average. Many Amway promoters will tell you that the business will take 10 to 15 hours each week, but the average IBO earns less than $3.00 per hour on average. In order to avoid looking at your hourly earnings as a tool to evaluate your business, your upline may advise you to ignore it because the income is embarrassing.

Make the calculations, IBOs and information searchers. Pose difficult questions and insist on answers. If you have a job, don't let it get you down. The majority of IBOs have day jobs, so don't be concerned about exchanging hours for bucks. It is quite likely that exchanging hours for dollars is a more efficient way of generating money than the alternative that you are being offered with at this time.

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