Thursday, June 23, 2011

The Amway Reality?

One of the things that attracts many IBOs to the Amway opportunity is the idea that they can work part time, 2-5 years and gain a "shortcut" to ongoing and voluminous wealth. Many of the prospects don't have the kind of income or resources that they would like, so the possibility of a shortcut to these trappings sounds like a good idea. They sign up and get started, and then the realities of the business sets in.

100 PV, is the defacto minimum quota for business building IBOs. It costs about $300 to purchase 100 PV worth of products. How many young and single people or couples for that matter, use and/or need $300 worth of household products each month? How many of these same people can actually afford to expend that much cash on household products? The pitch is to change where you shop but how many people were buying these kinds of good prior to Amway? My guess is none. I know I purchased many items, including vitamins, and I didn't need or use before Amway. But my desire to be teachable and to be an example to my downline kept me buying the goods, and trying to pawn off some stuff on friends and relatives to lessen my PV burden.

I also found that getting people to see the plan was no easy task. While my business was growing, it took more and more effort to recruit downline and I can see where many IBOs would reach the saturation point where there simply aren't anymore viable recruits and they might need to resort to cold contacting in order to generate potential prospects. This is probably why there are stories of IBOs stalking people in bookstores, malls and supermarkets. Even when people saw the plan, there wasn't a high percentage of new people signing up. It is why building and maintaining a business is a nearly impossible task, and it is why I believe there aren't people who retire, walk away from their Amway businesses and enjoy six figure residual incomes for life.

The more likely scenario is an IBO signing up, buy and using the products and tools and slowly but surely build up debt. There are countless stories of ex IBOs who got fired up, started building the business and fouond that in a relatively short period of time, found themselves in thousands or tens of thousands of dollars in debt. All the while upline was encouraging them to buy more tools and attend more function, even when they were not profitable. In my opinion, this is confirmation that uplines care more about their tools profits that they do about downline success. I sat in functions where upline would teach about reducing debt, but in the same breath, say it was okay to go deeper in debt if it was to purchase more tools. Self serving advice.

It is why I believe this opportunity, along with the tools system, will nearly guarantee IBO failure. It is sad, but it is also a reality.

15 comments:

Anonymous said...

Steve Nakamura, no one comments on your hate blog anymore, no one cares. As Amway approaches 10 Billion in 2011 you still hate to justify you quitting on the early 90's. Pathetic.

Anonymous said...

I am sure you won't approve my last comment either because you are a coward...

Joecool said...

Who is Steve Nakamura?

Amway approaches 10 billion? How much is in the US? Illegal drug trading moves more than 10 billion a year. What's your point? Why do you call this a hate blog? There's not hate, just a lot of real life experiences and truth.

And I guess you're the coward because I posted your comment.

Joecool said...

By the way anon, how's the weather in Irvine CA?

Anonymous said...

AMWAY MUST DIE!

anon, go piss on yourself until you are drenched beyond comprehension.

**proud Amway hater**

Anonymous said...

Hey Steve Nakamura, what's up? Still writing junk about Amway instead of enjoying the beaches if Hawaii?

Joecool said...

Who is Steve Nakamura? Please explain.

Anonymous said...

So, you didn't graduate in 1989 from University of Manoa in Hawaii, did you?

Joecool said...

I did graduate from the university of Hawaii, but not in 1989 and my name is not Steve Nakamura. You're barking up the wrong tree.

Anonymous said...

So you did... thank you Steve Nakamura! You're doing a great job changing and hiding in trees!

Anonymous said...

someone should send barking dobermans after him while he runs up a tree! HAHAHAHAHAHAHAHA :p

Joecool said...

And you, anon from Scarbourough Canada, are hiding behind the trees masturbating. LOL

Anonymous said...

The anon from Canada is the true coward, hiding behind his keyboard typing out idle threats. If he was a REAL MAN, he would say who he was and contact JoeCool to disucss the real issues instead of acting like a lunatic on this blog.

Joecool said...

I invited the anon from Canada to contact me but he started clucking and running away.

Anonymous said...

or maybe, anon, maybe those dobermans can eat you raw, feathers and all. that sounds better than someone plucking your feathers and cooking you to a crisp. man...now i'm getting hungry just thinking about that! lol