Monday, July 22, 2013

IBOs, Don't Quit Your Jobs Because Of Amway

So many IBOs have grandiose dreams of untold wealth, financial freedom. They think they will "build it once' and sit back on the beaches of the world sipping exotic drinks while the 6 figure checks keep coming in the mail. Sure it's a nice thought, but not a single IBO I have encountered can name a single IBO who achieved diamond, and walked away from the business to enjoy freedom while the money pours into their bank accounts. It is very likely that nobody like this exists. I suppose someone could go diamond and walk away from the business and still earn some bonuses, but very quickly, that business would likely fall out of qualification and the bonuses would shrink to nothing very quickly. Also, to earn bonuses, I believe an IBO needs to have side volume exceeding 2500 PV, which is roughly $7500 monthly in personal group volume. With normal attrition, it's easy to see how a diamond business can fall apart faster than a cheap suit without maintenance.

I also see and hear many IBOs popping off about how someone in their upline earning $60,000 a year. While it may seem like a nice income to someone who has a low paying or entry level job, that income is gross and may not leave much left after taxes and associated business expenses. Even a diamond with an average income of $150,000 in a year likely has a very low monthly income from Amway as much of that income comes in the form of an annual bonus. As a former emerald once told me, you needed to budget out that annual bonus or you could be in financial trouble later in the year, if Amway is your sole source of income.

Also, you may have seen diamond showing off sports cars and other displays of wealth. My former LOS, WWDB has a function called "Dream nite" where they show off lavish displays of wealth. Well, it is my informed guess that most diamonds cannot afford the lifestyles and toys that they show off in these functions. If you do the math, you can see that after taxes and other expenses, a diamond lifestyle is likely to be quite ordinary. Normally, nobody would care about this but since diamonds use this display of wealth to recruit IBOs and to sell tools, it is significant for IBOs to know.

While it is great for someone to have dreams and goals, it is also important to have achievable goals. It is simply impossible for a room of IBOs to go diamond and to earn the kind of income that is shown in "the plan". Amway recruiters will show you "what's possible", but not "what's likely". To put perspective on that, it's "possible" that you can start a software company that puts microsoft out of business, but it's not likely. It's possible for you to win the lottery, but not likely. My advice to IBOs is not to quit your day jobs - ever. Your dreams and goals can be accomplished in many ways, but it is unlikely to be achieved with an Amway business.


Anonymous said...

Lol Joecool spreading lies again. How's it going 40 year old virgin loser?

"Sure it's a nice thought, but not a single IBO I have encountered can name a single IBO who achieved diamond, and walked away from the business to enjoy freedom while the money pours into their bank accounts. It is very likely that nobody like this exists."

That's BS. I actually saw new diamonds recently. But because you are quit the business around 20 years ago, you have no idea about the new diamonds.

Anybody who really listens to Steve 'Joecool' Nakamura will know that he's quit the business since the mid 1990s and still to this day he thinks he knows everything.

Keep jacking off in your basement while writing lies about Amway.

Joecool said...

It's you who's spreading bull shit. Just because you saw new diamonds doesn't mean diddly.

That doesn't mean they are retired and sitting on a beach collecting residual income. They are working their asses off trying to pay their bills on their "diamond" lifestyle.

It's you who's broke living in your grandma's basement jacking off while trying to defend Amway.
If you want to see a broke ass loser, look in the mirror.

Joecool said...

Hey, you're the bitch from San Jose. Long time no see. LOL

Joecool said...

Thanks for your negative comment. People like you motivate me to keep on blogging!

Anonymous said...

You're probably a moron who's working Amway at a loss and hasn't made any money off of it. And no, don't come back with the same canned Amway talk too. Support Amway if you want to continously see your bank account shrink, your friends and family alienate you just so you can hang with a bunch of phonies who they they have it made, when in reality probably the only one making any type of money is your upline platinum. Continue to buy Amway tools, continue to go to weekly meetings and functions which actually takes away your time to actually do things in Amway that are profitable like retailing for customers. Big disadvantage to that is that the prices are 10 times higher than your average store. If you want to help make YOUR upline diamond rich, continue shelling out your bank account to them.

Anonymous said...

Joecool is right here. Nobody walks away from amway with all this income. There will always be a few diamonds every year. All of whom will be back to where they started within a couple of years when their business crumbles. Ive been watching this business plan for 30 years and ive seen all these diamonds come and go. Just read amway wiki. There you will find just a few diamonds who made it. All the rest have no downline and no business. I like amway products even though they are very expensive. The plan is just impossible. Thats why so many millions failed at it.

Anonymous said...

Or if you want to lose the day job start up your own legit non mlm business. You get to call the shots and choose your compensation and business strategy, and you have a much higher chance of getting profit from it.