Wednesday, June 22, 2016

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".

What most IBOs don't figure out quickly enough, is that they are unlikely to even make a net profit, let alone getting rich in Amway. How many of these people 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 have been unable to supply this information either. It's like some kind of myth or urban legend that people have actually retired from Amway on residual income. We also know that due to attrition, it is virtually impossible to maintain a profitable Amway business. People quit the business daily, thus even what looks like a solid business can be gone in a very short amount of time.

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.

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.


Ben Dover said...

One of my favorite things about the 2-5 year lie is that the people who have made it to the highest levels took longer than that amount of time. Your favorite IBO defender Mr. Steadson (Or however you spell his name) has a wonderful site that tells you the history of the IBO's and in what time frame they earned their ranks. Most of them are continuing to advance, and on average it took them over 10 years to reach diamond qualification. That is pretty different from the 2-5 years, which was probably one person out of all of the diamonds ever.

Joecool said...

My former upline diamond (Harimoto) made it to diamond in less than 3 years but he's the only one I know of. And I might add that all of the platinums he originally qualified with are no longer platinums and most not even in Amway anymore. He also dropped down to emerald for a while and I'm not sure if he re-qualified for diamond or not.

David Steadson AKA IBOFightback runs an Amway wiki site where he allegedly documents this stuff but it's not necessarily all facts.

What the site doesn't show is who is currently qualified as diamond. Amway doesn't issue that information. Amway says once a diamond, always a diamond and compared the diamond pin to winning an Olympic medal.

Mrmaximum said...

There's only one that I know of, well two really. Casey Combden. He did it in four years and one of his personals did it in three. They walked across the same FED stage when they both qualified. As for Davies from DIBG, very close to a decade and he lost three legs just after he qualified.

It's funny as an earlier commenter spoke about the Orwellian nature of Amway. He was right about the revisionist history regarding LTD and I think about it now remembering the Plan being shown to me. Here so many IBO's where, hearing about the 2 - 5 year plan yet hearing rally tapes and even going to functions, to see exactly what Ben just said. 2 - 5 year opportunity, yet anyone going Diamond in that time was an anomaly that people didn't seem to notice.

Joecool said...

True, the 2-5 years plan is a plan to go diamond but it does seem that those who achieve it take much longer. But going diamond in the first place is a statistical anomaly.

I'd be very interested in knowing how many diamonds are currently qualified.

Anonymous said...

Once a diamond, always a diamond but the income and bonus is not forever

Joecool said...

Yes, the pin is forever, but the income stops once you stop qualifying.