Wednesday, August 17, 2016

Amway To Retirement?

One of the things upline leaders apparently do is to disparage people with jobs. Oh, they would say we needed people to wait on our tables and clean our toilets, but in general, jobs were put down and basically the group was told that Amway is their best chance at achieving financial freedom, giving them the ability to flush their jobs. Ironically, IBO's jobs are what funds their Amway businesses. Most IBOs would be out of business within weeks if not for their job income funding their Amway businesses.

The key selling point appears to be the 2-5 years of part time work rather than working a job for 30 - 40 years and then retiring on social security which may or may not be there when you retire. This plants a fear in people about their financial future and then the Amway opportunity is presented in a positive light because the Amway opportunity comes with a low start up cost. What uplines do not mention is how the opportunity can become a money pit as the monthly defacto 100 PV quota (Approximately $300) plus the cost of tools (cds, books, voicemail, functions) starts to add up. It is my guess that if people only bought items they truly needed, these IBOs would likely move 100 PV every three months, unless they are actively selling goods to non IBO customers, which appears to be rare.

When an IBO finally agrees to register, it is then that the hidden costs are revealed. Many uplines will introduce standing orders and functions and present these tools as vital to IBO success. Most new IBOs don't know better and feel subtle pressure to conform and give it a try. Some upline may loan some tools to downline in the beginning but evemtually, the IBO will be encouraged to be a "serious" business owner who should be purchasing their own tools to loan to their downline and the cycle goes on.

If you examine some version of the Amway recruitment plan, you will see that most IBOs are at the 100 PV level, which will reward you with a monthly bonus of about $10 or so. If that same IBO subscribes to the tools system, than IBO will likely be losing over $100 a month not including the product purchases. And because many IBOs have been convinced that working a job is so horrible, that they can be convinced that this condition of losing money is temporary and that untold wealth is right around the corner. Sadly, for most, this condition is the norm and even the sponsorship of a few downline, the losses continue to mount. Yet many are convinced that this is better than a job.

Ironically, a job allows people to pay their monthly bills, feed their families and many people enjoy their work and co workers. While upline leaders may convince you otherwise, it is this very same excuse upline leaders use when asked why they are still working instead of walking the beaches of the world collecting massive amounts of residual income. I would encourage IBOs to truly analyze their efforts in Amway and determine if it is beneficial to your finances. In most cases, your Amway efforts ONLY benefits your upline's finances. For most who get involved, the Amway opportunity is not better than a job. A job provides a regular paycheck. An Amway business provides a negative cash flow for most who try it.


Anonymous said...

The idea that you can "retire" from Amway and just walk away, living on "residual income," is a pure pipe-dream. Not even diamonds and Crown Ambassadors can do that.

The only time one of these big pins "retires" from Amway is when he quits to start or join a different MLM racket. The others are always there, spouting their drivel at "functions" and showing up to cheer down-line on. If a big pin "retired" from Amway, his down-line would shrivel to nothing in a few months and he'd have no income.

The notion that the ordinary IBO can retire by spending $300 per month on crummy Amway products, in order to get a refund check of about $10, is INSANE! You'd be better off throwing your spare change into a cookie jar every day.

Amway sucks. It's a simple as that.

Joecool said...

I've constantly asked people to name even one person who went diamond, walked away and collected residual income. Not a single person answered.

Jerry D. said...

Any Amway IBO who tries to recruit you should answer this simple question: "If J-O-Bs are for losers, and success in Amway is 100% guaranteed, and you will definitely have financial freedom in 2-5 years, then why not quit your stinkin' J-O-B RIGHT NOW, downgrade your house and car, and take out huge personal loans for the next 2 years so you can do this Amway thing every waking hour of the day and get to financial freedom even faster? Then, when you're a multi-millionaire in 2 years, you can repay all those loans and buy a new house and car? Why not quit your stinkin' J-O-B RIGHT NOW if you truly believe all these Amway promises?"