Wednesday, November 23, 2016

Your Failing Amway Business?

After years of studying Amway and blogging, I've noticed something taught by IBO leaders that simply does not make any sense. It doesn't make sense business wise and it just doesn't add up. I know that sometimes, you need to think outside of the box and go against the grain to succeed, but some of the IBO practices are simply insane and it's no wonder that so many IBOs fail in their pursuit of their Amway "dream".

Most IBOs never sponsor a a single downline and relatively few products are sold to non IBOs. These are the reasons why most IBOs do not turn a profit but for some reason, many IBOs still seem to think that training materials are worth the money they pay for them. When you buy from yourself and sell very few products to real customers while losing money in the process, you are basically participating in a product pyramid scheme.

Buy from yourself. A fairly common practice. It is okay to support your business, but if you are the primary or only customer, you won't make money. Any profit you might turn is coming out of your own pockets. I don't know of any successful stores where the primary customers are the owner and the store employees. Yet some IBOs think this is how they will succeed. It's insanity.

Sponsor others. So you are struggling as an IBO. But the key to success is to try to open other stores by sponsoring. As a famous Amway apologist likes to claim, you do not get paid for sponsoring others. So why is this the emphasis for so many IBOs? Why would you think that opening more stores will make you successful? Yes, it is a way to possibly generate more volume, but your "success" will only come by having a bunch of struggling businesses under you. Is that how you wish to succeed? Also, the quest to sponsor others is probably how Amway got a bad reputation when IBOs tricked people into attending recruitment meetings and/or being deceptive when invitig someone to see the plan.

Folks, you need customers to succeed. I live in Hawaii and when tourism is slow, our local economy suffers. It's a very similar concept to your Amway business. Without customers circulating money through your business, you will eventually go out of business.


Anonymous said...

So how long will the circle jerk at the function last over the news that Betty DeVos is now the secretary of Education?

Joecool said...

Yes, I'm sure the amwayers will be using that as a way to claim legitimacy of their business.

Anonymous said...

What is the best way to get a family out of Amway?

Joecool said...

You really can't do much. Most people snap out of it on their own but you can't usually convince anyone to quit. Self realization needs to take place, typically.