Monday, August 22, 2011

Get Rich Slow?

One of the things upline used to say was that Amway is not "get rich quick". I suppose they say this because most people would more likely think scam if they promoted it that way. But when you stop and think about it, 2-5 years, build it right and you have willable, residual income for like while walking the beaches of the world? That's not get rich quick? Or is it more of a disclaimer so that the opportunity doesn't sound "too good to be true"? One thing is for sure, even if uplines tell you that it's not get rich quick, it's obvious that IBOs think they will eventually get rich, even if it's not "quick".

What most IBOs don't figure out quickly enough, is that they are unlikely to even make a profit, let alone getting rich in Amway. How many of these people exist? Where are all of these retired Amway IBOs who built a business in 2-5 years and then walked away from their business and will be collecting a significant residual income for many years to come afterwards? I don't know of a single person who has done this and none of the Amway defenders and zealots I have encountered over the years have been unable to supply this information either. It's like some kind of myth or urban legend that people have actually retired from Amway on residual income. We also know that due to attrition, it is virtually impossible to maintain a profitable Amway business. People quit the business daily, thus even what looks like a solid business can be gone in a very short amount of time.

I can acknowledge that Amway is a business opportunity and will definitely take some work to be able to achieve something. But thinking realistically, what business could you actually be able to walk away in 5 years and not work again? More than likely that business doesn't exist, whether it's Amway or not. Say you opened a conventional business. There wouldn't be many scenarios where you could walk away after a number of years. The business would still require work and maintenance. But for some reason, people are mislead to believe that you can do this in Amway where there is a high attrition rate and where your business can only expand by person to person.

Sadly, many of the people who are attracted to the Amway opportunity are often young people looking to get more out of life. They are often ambitious but may lack a means to gain wealth, thus the appeal of the opportunity is there. Unfortunately, these nice young people are more likely to end up channeling their hard earned dollars into standing orders and functions which will almost guarantee that they end up with a net loss. The bottom line is that not only is Amway not get rich quick. The more likely scenario is that your involvement with Amway will very likely be not getting rich at all. A net loss is the most likely result. I challenge anyone to try and prove me wrong on this point.

9 comments:

Anonymous said...

Your statement should read this way: The more likely scenario is that your involvement with Scamway will very likely be not getting rich through honest means.

Yeah, I'm that awesome. XD

Peter Reilly said...

There are late night ads about doing it in real estate. The various systems that are promoted minimize the work/risk attributes of it which are quite substantial, but there is some truth to the opportunity.

There is a TV fincial advisor (very famous just having a brain freeze at the moment). Most of her advice is very sound and is mainly that you need to spend less than you make. Her advice generally is about avoiding poverty and living comfortabley.

She did say once how to get rich quick and it is to borrow a lot of money and buy something that is greatly underpriced.

Real estate and day trading are examples of things that could get you rich fairly quickly although there is a decent chance they will get you bankrupt.

My observation is that some people have entrepeneurial personalities. They will die rich, possibly after going bankrupt a few times or die poor. I'll bet some of them give Amway a whirl and move on. It may be that that is what keeps the thing going.

Joecool said...

Hi Peter, whether it's Robert Kiyosaki, Amway, or those real estate systems, they pretty much have negligible results. I've seen many of those informercials and when showing tesimonies of success, they have disclaimers saying that the success is a unique experience.

Anonymous said...

I happen to know at least one person who is making Money from Amway. It is not all doom and gloom unless you have a bone to chew with Amway because of your failed attempt/s in making it. I agree, if you associate with anti-Amway crowd, it is hard to know even one person who has made it because your gang have all failed.

Why don't you book yourself a seat in one of Amway's success conferences so that you can see loads of Amway Success?

Anonymous said...

why don't you book yourself a seat in hell?

**proud Amway hater**

Anonymous said...

this is the funniest thing I have ever heard about Amway. I am 16 and ready to being the business and get financially free before I'm 20. Have fun working at your job for 40 years.

Anonymous said...

teens. think they know it all...so sad.

Anonymous said...

Hi my name is alexander q I'm 21 and I been in the amway business for two years and amway has changed my life, I'm happy and my family is comfortable but is true, if you wanna make it big in amway you gotta dedicate yourself and work hard and in a couple of months you start seeing a big different in your checks, "You just gotta" get work something you anti amway lack on doing. -Puerto rico-

Anonymous said...

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