One thing that many Amway promoters don't like to talk about is what your realistic chances of success are. I will define success as Diamond because that is what the outcome of the 6-4-2 and 2-5 year plan. Of course you may be able to earn some income at lower levels, but my understanding is that diamond is where the real money from Amway and the tools start rolling in. And I can also understand why people promoting Amway do not discuss your realistic chances of winning. Afterall, lottery promoters do not show you the millions of losers, they only parade the winners in front of you.
Many people, including Amway enthusiasts will agree that many IBO do little or nothing. Some people never even place an order or make any attempt to do any business. For the purpose of this article, I am not speaking about these folks. I am talking about people who actually put in some effort to the business.
For many people who want to make an earnest effort, they will purchase and hopefully sell a few items with the goal of reaching 100 PV. For that effort, you will receive approximately $10 from Amway and whatever profit you might have earned by selling products. Here's the catch. You will likely need to pay website fees in excess of the $10 you earn from Amway. For the more dedicated IBOs, you may be payin for voicemail, standing orders, book of the month, and possibly attending functions. These expenses will exceed your income month after month unless you are able to increase your volume by selling enough products and/or sponsoring downline who buy and sell products.
Because Amway has to include the IBO bonuses in their prices, the products come at a premium price. Thus sales to non IBOs are relatively low. Without sales to non IBOs, the only other way to generate more volume is to sponsor people who will buy and sell products. But due to past unethical IBO behavior, getting people to see the Amway sales and marketing plan may be a challenge. Also, most IBOs are unable to sponsor a single downline.
Some Amway enthusiasts will claim that if you do their CORE steps for 2-5 years consistently, that you are likely to succeed. Sound easy, but becaue of the factors I have identified, some of these steps are impossible to do consistently. It's not like walking a mile each day where you have control of the step. People will likely fail in showing the plan and sponsoring others because they cannot find enough people who are willing to see an Amway plan. Many, possibly most other IBOs can and will do certain steps consistently such as listening to a CD daily and reading a success book. But because of a spotty reputation in the US, IBOs will very likely fail to be able to show enough plans to succeed.
Your realistic chance of success? My informed guess is less than 1 tenth of 1 percent. That's the likelihood of going diamond. Your chance of going platinum? My informed guess will be less than 1/2 of 1 percent. If you think you can beat those odds, go for it. For most people, it might be wise to look into other opportunities.
Are those website fees 10.00 a month? I noticed Amway has a literature portion of a starter kit for only 67.00 for signip. Better to sign up on your own. Than signing up in a group and where you're forced to buy tools and functions.
ReplyDeleteI'm not 100% sure but I thought that the website fees were about $20 a month. Signing up and not buying tools gives you a better chance of making a net profit, but nobody I know of, other than Amway, makes real money by selling Amway products.
DeleteWith the website fees it makes it hard to even break even. Have no clue why they even need their own website. Not like they have a real ebusiness. There is no longer a 2-5 yr plan. With critics like you and others. Maybe every 10 yrs there's one new diamond lol
DeleteYes, you can't advertise your stuff. You can't sell on ebay or craigslist.
DeleteHow can anyone effectively make money in Amway? The only way is to buy your own products and recruit many others who will do the same. Yes, the US has very few new diamonds. I don't know of any in the last handful of years,
Say you make diamond in 2-5 yrs. I still think its not worth my time. Have to be netting after expenses 250k a yr for min of 4-5 yrs. I don't think they stay in diamond qualification for 4+ yrs. If I have to hassle friends,relatives,coworkers etc has to be worth it financially. Of course if I'm part of a couple the netting 250k wouldn't even enough. For two people and a family probably 500k a yr net is okay.
ReplyDeleteYes, Amway diamonds might appear to make good money but after taxes and expenses, a family might not have much left if they are living like "diamonds". A diamond doesn't make that much in the context of the real business worl.
DeleteJoe,seen on Facebook and Instagram. Which shows the wwdb Ibo's went to Irvine fed at bren event center. Which seats nearly 6000 seats for the been event center. When I was involved in early 90s the fed was at a 12000+ coliseum seating for wwdb. Could it be critics like yourself affecting their tool business? Which they still seem to buy the products. Maybe the Ibo's still believe in Amway corp but not buying into the system?
ReplyDeleteI'm not sure if I made that much of a difference but the internet might have. People can get information so easily these days that hiding a scam is hard. When I was prospected, my sponsor told me of a "free enterprise day" function at a stadium in Seattle at the tome that held around 50,000 IBOs. Maybe with the free flow of information, people can make informed decisions and decide not to join?
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