Tuesday, December 22, 2009

Amway - Is Your Business A Joke?

I hear Amway supporters often mention that you will have a real business if you treat it like one. It is my observation that most IBOs do not treat their businesses like a real one. It is also my opinion that the Amway business itself is flawed and many IBOs, in their zeal to sponsor downline, do crazy things at times, such as tricking people into meetings.

Many IBOs do not bother to qualify their prospects. They will sponsor anyone who is breathing. It could be due to uplines making the business seem easy. For example, I have heard that going platinum is so easy that someone's dog can go platinum. Another mistake IBOs make is they do not look at the likelihood of an IBO succeeding. They will sponsor anyone, anywhere. Like real stores, opening a new one creates competition and I don't know of any IBOs who take this into consideration before recruiting a new prospect.

New recruits are also encouraged to partake in the teaching system, regardless of their expectations and business goals. This participation in the system is what often leads to IBO failure. They spend more on tools than what they generate in income. This heavily contributes to the poor retention rate among IBOs. Even IBOs who can progress and make some money will be simply channeling their profits to upline by their tools consumption. It is my informed guess that an IBO must reach the 4000 to platinum level before they start to break even. And If I might add, probably less than 1% of IBOs reach the platinum level so you are already facing overwhelming odds just to reach the break even point in Amway.

Here's the real test for an IBO. Walk into a bank. Speak to a loan officer and show the loan officer the 6-4-2 or 9-4-2 plan, whichever plan your group uses. And see if the loan officer will grant you a loan based on that plan. It is more likely that you be laughed out of the bank.

Do you have a real business or a joke? You decide.


Anonymous said...

joe, you are a joke not to mention the real loser here. you parade around like the anti amway informant you want everyone to belive you are but you really are just a bored kid with not life who thinks he is doing the world a favor by bad mouthing a business that has done more good in one day then he can ever do in his whole pathetic life. you really need to slap some sense into yourself. you say the same exact things you said a year ago only changing the way you present the words. you are really pathetic and have no real direction with this. If I heard you talking this trash in person I would walk up and slap your bitch ass. you fucking loser

Joecool said...

Ah, Merry Christmas to you Mudslinger/Levi.

Normally, I would not allow comments like this but I think it's more a reflection on you than on me.

Anonymous said...

You are a joke Joecool. Should I make a joke about your mother? No? Good, then don't make a joke of my business, thanks.

Anonymous said...

Ha... HA... HAAAA! What a stupid article!

Joecool said...

Ha..Ha.... HAAAA What a stupid comment!

I don't have to make a joke out of your business, someone else already did it!

Dauma said...

I would think that people who defend Amway and are proud to be IBO’s and who do not consider their business to be a joke wouldn’t be hiding behind Anonymous postings. Too ashamed to identify yourselves as IBO’s? People who run real businesses want to get their name out there and promote themselves and their business in order to draw in customers. The real pathetic losers are people who are too humiliated to identify themselves and their association with Amway. Who wants to do business with someone who’s embarrassed by their products and hides their name in shame?

rlaurens said...

Interesting... why would IBOs react like this if they think the article is wrong? I mean, you can write that having a job as software engineer is a joke, but they would just laugh and keep their 6-figure income.
If your business is really good, it's actually helpful if a lot of people thinks it's bad. Because it reduce competition.
Now, if your business is really a joke, then you will be upset with article like this and acted defensively.

Anonymous said...

Good business reduces competition? I disagree. Micorosft is really good business and it has strong competition.
Dauma, you want to get your name out there? Dauma is not enough, it sounds just as anonymous as mine.

rlaurens said...

Any business (good or bad) does NOT want competition. Is Microsoft a good business? Yes. But it will be an even better business for its owner if there's no competition.

So, is this gem of thought come from the upline? That more competition is actually good for business???