Friday, June 22, 2012

What Is Your Amway Business Worth?

Many 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. The fact that many people sign up and do little or nothing is a problem that seems to go ignored by many.

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? What would an Amway business be worth? You don't really own equipment or a building. You probably don't have employees. Your Amway business likely has little or no equity. You don't own your downline, although their volume passes through your business. But if they do nothing, you get nothing, which is why people cannot just "walk away" and collect income forever.

I believe diamonds quit and resign because their business is worth very little or nothing. And 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? Why not just do nothing and let the downline be defaulted to you?

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

1 comment:

Anonymous said...

Sorry sir, worth is a word or terminology generally used for positive numbers. I will tell you my up-line's story. He has been in the business active since 2007. Once you become ' active' or 'core' here is the list of expenses.
Atleast Rs 1000 tools every month
BBS Costing 250 but you might end up going to more than one per month
Life changer major functions including other expenses, 5000 per annum
Petrol expenses of atleast Rs 500-750 even during those years
Then eating outside forever for the sake of contacting - Rs 3000
Once you start 'qualifying' for your up-line's night owl it will be again another 1000 bucks per month
Additional tools based on your immediate sign ups, basically on a worst performing month of Rs 500
There might be other stationary, misc expenses or so on - let us say that is another 250 per month
Add up - let us say Rs 5000, even though above list is true and could get only heavier.
With all best case scenarios the bear minimum investment adjusting all expenses to qualify as platinum is Rs 2,00,000 (negative balance!)
I am not talking about many other things which could be found at my blog,!