Monday, July 26, 2010

Amway - What Is Your Amway Business Worth?

Many people see the Amway plan, sign up in the hopes that Amway income will help them fulfill their dreams and that they will walk away from their jobs and collect lifelong residual income while walking the beaches of the world. Sadly, most IBOs will never even sponsor a single downline. These IBOs may continue in the business for a while but will eventually quit when they see the writing on the wall. Many IBOs will do nothing. Some won't even order Amway products. But even IBOs who do put in an effort and apply the knowledge they learn from tools ususlly end up suffering financial losses because the tools. I would guess that many IBOs will never even make enough Amway money to cover the monthly cost of their voicemail, never mind the other materials that IBOs are often sold.

But wait, you're an "independent business owner". So instead of quitting, why not sell your Amway business? I wonder if any IBOs actually think about what their business is worth? I mean a diamond could sell their business and live large happily ever after right? Here's some food for thought. Why are there instance of diamonds quitting or resigning from Amway? Why would they just quit when they could either walk away and collect an income "forever" or sell the business?

I believe some diamonds quit and resign because their business is worth very little or nothing. I mean what do you own? You don't own your downline and you probably would not have much inventory to dispose of. All you basically own is the rights to combine downline volume with yours, provided your downline moves any volume at all. Most Amway businesses do not even generate a net profit. For IBOs who are seriously pondering on this very important message, try looking up this topic in Amway's rules. There are very complicated steps to be taken when selling your Amway business as each person upline must be offered ownership (To the best of my understanding). This process can go on for a long time and the attrition of your business could render it worthless before you can find a buyer, if you have a buyer at all. Also, if you quit, the downline in your group would be surrendered to the immediate upline anyway. So why would your upline want to buy your business?

So IBOs, I ask you. What is your business worth?

1 comment:

Anonymous said...

anon from canada, WE'RE WAITING!!!!!