Wednesday, July 27, 2016

The Chance Of Success In Amway?

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. Sounds easy, but because 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 steps. 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? According to Amway's disclosures, it's .26% or about 1/4 of 1 percent, or 1 in about 400. If you think you can beat those odds, go for it. For most people, it might be wise to look into other opportunities.


Anonymous said...

Joe, my friend is beyond involved with Amway. It has 100% consumed her life, its all she talks about 24/7. Amway name has not once been mentioned, but "my business" and "mentorship" is 100
% all she cares to brag about. Please go back to your IBO years and answer me this: did you believe 100% you were going to retire in 2-5 years OR was it all about being "in love" with your coach and believing that you were making a difference in this world? What does it take for someone to snap out of it? Do you just wake up one morning and start seeing that this "business" is a bunch of bull?

Joecool said...

Thanks for your comment. I don't know if I ever believed 100% that I would be retired, but I thought it was something that I could achieve.

After a while, I started to suspect that something was not right with what was being taught and I started to question upline. A lot of people just "snap out of it" after a while.

For me, it took a while because my sponsor was a good friend who I trusted. But he fed me all the upline lies and I think he honestly believed 100% that he was going diamond.

What started to tip me off was when upline said nobody made money from tools and functions. I thought, wait a minute, people make millions running concerts and a function is similar with less people involved. I figured the same thing with the tapes (now cds).

People need to see the light themselves typically. I wish there was a better answer. If you keep pointing out Amway's flaws, you'll be seen as "negative" and upline will tell your friend to avoid you.