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Thursday, August 19, 2021

Who's Getting Rich In Amway?

 It used to be said by my upline that Amway was not a "get rich quick" opportunity. I presume they say this because if they promoted it in this manner, the majority of people would assume it was a fraud. But think about it for a minute: if you do it well, you can have a reliable, residual income for as long as you want, even when you're wandering along the beaches of the world. Is that not the definition of "get rich quick"? Do you think it's more of a disclaimer to make sure the offer doesn't come across as "too good to be true?" One thing is certain: even if your uplines tell you that it is not a get-rich-quick scheme, it is clear that IBOs believe they will eventually become wealthy, even if it is not immediately.

What most independent business owners (IBOs) fail to realise is that they are unlikely to even make a profit, let alone become wealthy in Amway's business. How many of these people are there in the world? Where have all of the retired Amway Independent Business Owners (IBOs) gone who created a business in 2-5 years and then walked away from it, knowing that they would continue to get a big residual income for many years to come? I'm not aware of a single person who has done this, and none of the Amway apologists and fanatics I've come across over the years has been able to provide me with this information. Crown Ambassadors and double diamonds are still in attendance at functions and open meetings, in my opinion. Nobody wants to "walk away" and continue to collect income indefinitely, do they? Possibly, these jewels and large pins are working because they have no choice.

As a business opportunity, I recognise that Amway is a viable option, but I also recognise that it will require significant effort to see results. But, being pragmatic, what kind of business could you genuinely walk away from in 2-5 years and not have to work again? It's more than probable that business doesn't exist, regardless of whether it's affiliated with Amway. Assume you've started a traditional business. There aren't many situations in which you could simply walk away after a few years' work experience. Work and upkeep would continue to be required for the company. Nonetheless, for some reason, individuals are misled into believing that this is possible in Amway, despite the fact that the company has a high attrition rate and that your business can only increase from one person to another, not to mention that sectors of your business can fail at any time.

The unfortunate reality is that many of those who are attracted to the Amway opportunity are frequently young individuals who are looking to gain more out of their lives. They are frequently ambitious, but they may lack the means to accumulate wealth, which is why the potential to make money appeals to them. Unfortunately, these charming young people are more likely to wind up pouring their hard-earned funds into standing orders and functions that will almost certainly result in a net loss for the company. The bottom line is that not only is Amway not a get-rich-quick scheme, but it is also not profitable. According to the more likely scenario, your involvement with Amway will most likely result in you not making any money at all. The most likely outcome is that there will be a net loss. Anyone who disagrees with me on this point is invited to prove me wrong. The only people who benefit financially from Amway are the company's founders and a small group of individuals who earn from Amway and your purchases of tools.

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