Not counting IBOs who sign up and never do a thing with the Amway business, I would guess that a typical business building IBO spends several months at 100 PV, earning $10 a month, and spending some money on functions and other support materials, thus ending up with a net loss in running their business. What I have also observed is that these new IBOs are often the most fierce defenders of the Amway opportunity. What is amusing is their defense of Amway, because they aren't knowledgeable enough about the business and cannot back up claims of being profitable.
A common defense is to attack someone's job. Oftentimes, I will hear that my job is a pyramid, or that the social security system is a ponzi scheme. What they fail to understand is that people with jobs have a net gain of income at the end of the month, unlike a typical IBO. Also, even if my job was a pyramid, that doesn't have any relevence as to whether the Amway opportunity is also a (legal) pyramid. And the same goes for social security. But although I find some faults with the social secuiry system, they have not yet failed to pay benefits to anyone who has paid in, as far as I know.
One of my favorite conversations is when an IBO, probably in frustration with facing the facts, will state that they have been in Amway for a month and they are already earning in excess of $5000 a month. Sure it's possible I suppose, just as it's possible for lightning to strike the same spot three times in a row. These IBOs are often the "drive by" commentors who never show up again. I recently had a conversation with an IBO who swore that he was earning $1000 a month in Amway, but refused to discuss what level he was at, or whether he made any actual sales, or had downline. He later asked for my email address and when finally supplied with it, he ended up blocking me from further contacting him.
I just wonder why upline leaders would teach such nonsense to downline, or whether downline simply want tp deceive others about their status in Amway? I mean it's really no big deal is a newbie IBO isn't making a lot of money. In fact that is expected when you are new. But I believe IBOs to some degree, might still be taught the old "fake it till you make it" theory that existed back when I was still an IBO 12 years ago. The concept was to fake success as a means to entice prospects until you actually made some progress in the business. Sadly, most IBOs never ever sponsor a downline, get discouraged and quit. I can't blame them when most IBOs who build the business suffer a financial loss, ironically it is usually from purchasing training materials that may have been promoted as the key to your success.
The sad result of all this is that "most" IBOs make more excuses than dollars.
Theodore Roosevelt said that far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure... than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat.
ReplyDeleteA wise man once said it is better to sit at home and watch Gilligan island reruns than to waste your time and money doing Amway.
ReplyDeleteWorse than not making Amway, IBOs that I know of fake pins by stocking up products. Latest victim of my awesome upline's mentorship(Ramesh and Vasudha Raghavan), my downline qualified as new Silver last month by buying almost 7000PV himself. Cost of going Silver- Just a little more than $22K, but the cost of soaking in the leadership nuggests Go diamond leadership- Priceless.
ReplyDeleteAs long as the systems exists and Amway continuing to turn a blind eye to people stocking up products, the only thing that I am sure about is IBO getting into debts.
anon #1, bite me.
ReplyDeleteErnest Hemingway once asked why should anybody be interested in some old man who was a failure.
ReplyDeleteJoecool once asked why should anybody be interested in some 50-yr old business that's a failure...
ReplyDeleteOne would think Amway has way to monitor to flag IBOs who has done lot of volume. I have heard of audits. I am surprised that one IBO was able to buy 22K worth of products. Are you sure he didn't do any retailing? Exeagle, in your blog you have written about SO. I understand as an upline you can monitor the PV of your downline. How do you know the SO count, if you are not even plugged in?
ReplyDelete50-yr old business that's a failure? show us your past 50 years man and then we might talk.
ReplyDeleteDid that old man get fired from a bank? LOL
ReplyDeleteyou should change your name from ex eagle to ex chicken. none of the claims is true and I am sorry, you sound like a wimp.
ReplyDelete