One of the things I heard as an IBO and I believe is still said in some Amway meetings is that conventional businesses do not profit for up to five years. I don't know how true or untrue that is, but whether they do or not, how long does it take for an Amway business to profit?
Despite the small start up costs and the little to no overhead costs, most IBOs never turn a profit. I will acknowledge that many IBOs probably never do a single thing once they sign up. I believe there is an underlying story behind this as well, but I will move on. Out of the more serious IBOs, even in this group, most of them will never make a net profit if they are using tools.
Factoring the cost of the website, the voicemail, standing orders, books and functions and cds, IBOs simply get drained of their money a couple hundred of bucks a month. Amway earning profits on product purchases and someone upline earning profits on support materials that apparently do not work for the vast majority.
Toss in other challenges such as high prices for many prdocuts (higher than local retailers) and a spotty reputation from IBO behavior such as tricking people into meetings and you have an opportunity with nearly insurmountable handicaps. Yes, a few rare and usually charismatic people can overcome these odds, but only one or two out of tens of thousands are able to do so. And even those whe reach the pinnacle of diamond, may not be able to maintain qualification.
So I don't know the detailed statistics about how long it takes for a conventional business to turn a profit. It may take up to five year. But based on my experiences and some number crunching, I'd have to say that the vast majorty of Amway Business Owners NEVER TURN A PROFIT - EVER.
7 comments:
It's true that conventional businesses don't turn out a profit for at least 5 years and most fail within that time.
My mom has friends and a particular couple said that they were running a McDonalds' franchise without turning a profit for 7 years. They barely survived and worked like crazy those 7 years.
An Amway business is a piece of cake compared to a traditional franchise. You got to study and do to find that out. You didn't, you just quit because it sounded too non-conventional to you.
LOL, you still have a far greater chance of making money with a conventional business.
In fact, most panhandlers make more money than most IBOs.
So you're a panhandler... that's what I thought.
Well, I'm not a panhandler, but panhandlers make more cash than most IBOs. LOL
Good for them. So you make more than panhandlers?
Profit in Amway...that is the biggest joke. After being in the business for 8 years, wee made about 400-500/month. People who were in our team for years were not even making $100/month. By the way $400-500 was not profit..we were putting is around $2000/month into biz including monthly 300 pv. By being in the business, I mean actually doing everything that was recommended by the system including showing 3-5 plans/week. And when we told that our upline, that we dont to pursue the busineess with this kind of return of investment...they got quite angry and told us...that they thought we were in it to impact people's lives and not make money..If people want to make profits, they wont stay in amway. They stay in for so called intangible reasons like impacting people's lives..etc, etc etc.
Not a lot of new North American pinwinners according to the latest achieve magazine. Then there is the news that North American functions are being consolidated. Then we have large pins apparently going backward from EDC to Diamond and the like. When does an expanding business consolidate functions and large groups getting smaler when lots of new members are signing up?
Now Amway is all about spin, has been for years, but you can only spin so much negative before the truth becomes self evident.
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