Wednesday, May 25, 2016

The Amway Plan - The 2-5 Year Hoax?

One of the things I heard, and is still promoted is the concept of a 2-5 year plan to go diamond, or to financial freedom. As a prospect, 2-5 years of hard work in your spare time sounds reasonable. Afterall, anyone can work an extra 12 hours a week for a couple of years with that kind of reward awaiting you at the end. The sad reality is that you are likely to suffer 2-5 years of financial losses without getting any closer to financial freedom. The vast majority of people won't even make a net profit at all.

When Amway morphed into Quixtar back in 1999, a very relevent question was how many diamonds were "quixtar only", meaning they signed up in 1999 when quixtar was implemented and then became diamonds in the advertised 2-5 years. As far as I know, there were very few (if any) new diamonds. The new diamonds that were named all seemingly came from other countries, not the US or Canada. Even now, my former LOS (WWDB) is touting "double eagle rubies" which is not a recognized achievement by Amway (as far as I know), and there is no assurance that achieving such a level makes an IBO profitable. In fact, I did an analysis of the eagle program and it basically ensures success for the people selling the tools as it's a program for measuring tools sales.

Even today, I do not see a steady stream of new diamonds emerging from Amway. If the 2-5 year plan actually worked, there would be new diamonds constantly emerging. Instead, my former LOS (WWDB), actually has fewer diamonds now than back in my IBO days. And of those diamonds who remain, some of them had homes foreclosed and it also appears that at least a few of them ran into some financial difficulties. Make me wonder what a diamond's finances actually look like. I suspect many of them live in debt, especially if they flaunt the "diamond lifestyle", which is probably not sustainable on diamond income as reported by Amway. Even a 6 figure income is not a first class and pay cash for everything lifestyle. That is a hoax. People who doubt me should ask to see their diamond's business financials and let me know what answer you receive.

So while it might be possible to achieve diamond in 2-5 years (some have done it), but tens of millions have tried. It is much more likely that you will win the lottery (provided you have a ticket) than it is likely that you will join Amway and go diamond. It is also unlikely that people in the US and Canada who join will go diamond in the advertised 2-5 years. The 2-5 year plan is not promoted by Amway, but by the LOS leaders. I believe it is a hoax and the numbers back up my claim. You are much more likely to be better off working part time for 2-5 years and saving and investing for your future. If not, you will end up with 2-5 years of losing money on functions and standing orders.

As many Amway leaders will state: Look at the fruit on the tree. In the US and Canada, the trees are bare.


Anonymous said...

It looks like Amway is collapsing in North America. The guys in Ada don't know what to do about it.

Joecool said...

Amway sales have been down quite a bit the last 2 years. I wonder how their sales are going this year?