Friday, August 22, 2014

Amway Is 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 life 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. Sadly, the only ones getting rich appear to be the ones who are getting a share of the money generated from the sale of tools and functions.

What most IBOs don't figure out quickly enough, is that they are unlikely to break even , much less make a profit, let alone getting rich in Amway. How many of these peoplle 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 has been able to supply this information either. Recently, two crown ambassadors passed away and they were still working until they passed. You can argue whether their works was easy or not, but having to be somewhere at a certain date and time is still the criticism against people's jobs.

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. How can you actually build a business when most people who join either do nothing or do little and quit in the first year?

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.

6 comments:

Anonymous said...

I read somewhere the average diamond earns 140k per. So that's split between two people if they are a couple. Plus its not cheap flaunting a bogus lifestyle. I'm not convince the tool business is still doing well. When my wife and I worked a full time and partime job I was doing better than most diamond couples. With less bs hassle

Joecool said...

It might be more now but diamonds earn around $150K plus possibly another $150 from tools. If you consider taxes and business expenses that eat up the income a diamond likely lives a very middle class lifestyle. If they send their kids to private school, they're as broke as anyone else. If they live the diamonds lifestyle, they're in debt.

Anonymous said...

I live in Canada and taxes are even more crazy over here. The city I live in is very expensive. Even a diamond income is mediocre and middle class. Joe, heard you're from Hawaii and its crazy expensive there also. So u can relate

Joecool said...

Yes, Hawaii is one of the most expensive places to live. A diamond here could earn $250K and not be that well off. Let me explain. A job for example, provides things like medical insurance which is very expensive. Diamonds pay their own. Diamonds also have taxes and business expenses including traveling to functions. Private schools here cost over $20,000 a year so imagine two kids as well. A diamond, unless they are founders or better, might be broke, living in debt.

It's clear that the tool money is what makes diamonds survive. Diamond income is actually small because much of a diamond's income is in annual bonuses. I believe a diamond lifestyle is not "all that".

Anonymous said...

I've met many systems leaders in my area. Where they come through town. They mostly tell people how easy it is to make huge $. Only exception was Jim Janz crown ambassador. He kepted things real and says he knows Greg Duncan. But realistically there's not a fortune to be made. Jim scribble on a napkin and told me to keep cost down. Im sure if u sign on he'll also try to sell his system. That was ten plus years ago and it was nice to know u can't make a fortune by just selling Amway products.

Anonymous said...

I hate Amway...