Over the years, there must have been tens of millions of Independent Business Owners (IBOs) who had some level of experience with the Amway organisation. Obviously, not everyone who became involved in the system did so with the aim of trying to make millions of dollars in a short time period. Taking the firm as a whole, however, the amount of people who earn a big income from Amway is a minuscule fraction of one percent. It is reasonable to conclude that platinum is in the top 1 percent of all IBOs if a typical platinum has approximately 100 IBOs in a group. And we are aware that a large number of independent company owners (IBOs) depart and leave the firm each year. For larger pins, the attrition rate can be astounding, as they must continue to labour in order to replace those that leave.
However, the point that appears to be overlooked is why so many independent business owners (IBOs) fail. To keep this conversation focused, let's eliminate IBOs who accomplish nothing and then quit. Let us take a look at IBOs who put in a genuine effort. Most of the time, the serious IBOs will be on a system that includes voicemail, standing order (including functions), books, and various other meetings. To cover their expenses, IBOs must generate several hundred dollars in revenue each month in order to break even on their efforts. According to Amway, the average monthly income of active Independent Business Owners (IBOs) is $115. As a result, the ordinary firm developing IBO is making a loss on their investment.
Let's take a look at some of the reasons why independent business owners (IBOs) fail. In general, Amway product pricing is greater than those of big box retailers in the local community. Amway offers bonuses, and as a result, the bonus payout is incorporated in the product price. A platinum, by virtue of being at the 25 percent level, may appear to be getting a fantastic deal, but a platinum is also among the top one percent of IBOs. When company expenses are taken into consideration, the vast majority of the remainder receive a pitiful 3 percent, resulting in a net loss for them.
Historically abusive and unprofessional behaviour on the part of IBOs makes it practically impossible, at least in North America, to discover potential downline IBOs and clients. Everyone, it seems, knows someone who has been duped into attending an Amway meeting or who has been misled about Amway in some way. I feel that Amway has experienced a downturn in sales in North America, with overseas countries accounting for any present growth in the company's business operations.
Another problem is that IBOs are taught by their uplines to participate in an excessive number of activities that do not generate cash. Attending meetings, listening to CDs, reading books, and participating in other activities costs money to the IBO. They do not result in an increase in sales to existing clients. Due to the fact that these non-income producing tasks appear to constitute the majority of an IBO's activity, it is understandable why so many IBOs fail. While system administrators assert that their system is effective, there is no reasonable evidence to back this assertion. Already, the fact that new diamonds and emeralds are becoming increasingly scarce suggests that the system, with its extremely restricted success, is producing less and less success these days.
All things considered, an IBO's chances of earning a long-term, consistent income are so slim that it would be better for IBOs to spend their money on lottery tickets rather than on tools such as standing orders and event tickets. At the very least, purchasing lottery tickets would not require you to devote 10-15 hours per week of your time, and your chances of winning would be approximately the same. The system does not function properly, which is why the majority of IBOs fail.
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