I believe that Amway IBOs have approximately a 50% attrition rate for the first year alone. If you look at a 5 year window, I believe the attrition rate is something like 95%. So what we're saying is that out of 100 IBOs, only 5 will be around in 5 years, or out of 1000 IBOs, 50 will remain after 5 years. This is extremely significant because if you are a business builder, you will need to replace half of your IBOs every single year. For this reason, I am very doubtful that there are IBOs who "built the business right and built it once", who no longer do Amway related work, but still collect significant residual income. I would guess that significant income could be defined as being enough to live a lifestyle in the top tax bracket (for the US) without having to report to a J-O-B.
Now I understand that some IBOs take it personally when I bring up subjects like this. It is because they have been deceived by some upline diamond or big pin who has sold them on a dream of financial prosperity for life if they will only work hard for 2-5 years. I once thought so too, but realized that there isn't a single diamond that I know of who built the business right and walked away to enjoy the beaches of the world while truckloads of money rolls in. Kinda makes you wonder why you see Crowns still working, and diamonds actually quitting or resigning. I have asked the question many times and it has never been answered. Can anyone name a few people who built their business right and built it once who is currently enjoying these lifelong residuals? Also, if that were a benefit, why doesn't Amway say so?
Instead, you have a constant and endless flow of motivation being sold to IBOs. This motivation comes in the form of cds, books, meetings, functions and other things like voicemail messages. It's sad that IBOs have to continue to pay through the nose for motivation and "teaching" about the Amway business when there are cheaper and more efficient means of communication. For example, why would you need an expensive voicemail when a facebook group account can disseminate messages to your group in seconds at no cost? It is because the uplines want to extract every possible sent from their downline. Because of the internet, I believe people are starting to figure things out and avoid the systems altogether. I hope Joecool's blog contributes to this.
All the motivation IBOs truly need is to see a net profit at the end of the month. If IBOs actually earned an extra $200 a month, or $50 a month, or $600 a month as advertised, there would be no need for motivational speeches. The IBOs would simply look at the growth in their finances and they would keep going. The poor retention rate is easy to explain. IBOs are losing money because of the system expenses and they lose their motivation to continue. If you are an IBO or a prospect, stop and think for a minute. If you are making an extra $200 a month with minimal effort, would you need functions and other materials to motivate you? Or would you have intrinsic motivation from the profit? All the motivation you will ever need is a net profit. Take that to the bank.
13 comments:
Exactly. I've been saying it for years: people continue to show up at their jobs because they get a steady paycheck. For some, that is the only reason they show up; but it is still enough of a reason.
You can only bleed financially for so long before you must make drastic decisions, like quitting amway.
The financial relief we felt when we stopped the madness called amway, was immediate. I couldn't believe how light and free I felt. I could actually shop where I wanted, stay home at night after a long day at work, sit with my kids at night, plan a family birthday or b-b-q, or whatever. Wow.
Nothing on a CASSETTE TAPE could ever replace that feeling.
And guess what? We're not dying financially b/c we left amway. It's just the opposite.
The sad thing is that there would probably be some IBOs who made some profits if only they didn't attend functions and purchase all the other training materials. Also, the training materials are for the most part, ineffective.
i don't need them to stay motivated. if i didn't go into the business already motivated, i won't have it at all. plain and simple.
So why is there a need to function after function?
Why is there a need of function after function? If you ask that, it shows that you're intellectually retarded. Here's the answer anyway; new people are going to come on board. It's the same like saying 'why is there a need for any college to have an academic year after academic year?' Here's the answer anyway; new students are going to come on board.
I shouldn't explain that someone who claims to be an expert on Amway matters and has a blog on such topic.
Ah, anonymous coward from Canada. You came out of hibernation to spout BS?
By the way, I have never claimed to be an expert on Amway. You are making up BS again.
You don't have to directly claim to be an expert on Amway, Mr Joecool. You can also indirectly make that claim through the impression you give your audience with your blog articles. Sorry to have to point that out too to someone who claims to be an expert on Amway.
Nope, I don't know how all the Amway bonuses kick in. I'm no expert. I'm just good at pointing out the upline's schemes.
So, you admit that you're no expert in Amway. And you're talking about Amway IBOs... You're talking about Amway IBOs simply because 'I'm just good at pointing out the upline's schemes'. I disagree. You're talking about Amway IBOs simply because you're just good at talking, nothing more, nothing less.
Just because I'm not a bonafide expert doesn't mean I don't have a good understanding of how the plan works and the schemes and trickes used to sucker downlines into buying tools. I can also tell that you are a coward and a failure of an IBO who is holding onto a shred of hope that you aren;t mistaken about Amway. I gave you my contact information but you were to chicken shit to contact me, anon from Canada (Scarborough).
that scumbag's at it again? amway is still a cult? golly, i guess the more things change, the more they stay the same!
100% agree with Joecool's post. I used to work as software engineer, and you can insult, belittle, or throw names at engineering job all you want, but I won't fight back. I'll simply collect the six-figure income all year long.
Money is all the motivation that's needed. No need for four functions a year, two cassette tape, or what have you. They're only for suckers.
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