Monday, March 20, 2017

The 2-5 Year Scam?

One of the things I heard, and is still promoted is the concept of a 2-5 year plan to financial freedom. As a prospect, 2-5 years of hard work in your spare time sounds resonable. 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.

When Amway morphed into Quixtar, 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.

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 home 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.

So while it might be possible to achieve diamond in 2-5 years (some may 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...

The Dussalts (my former sponsors mentor) achieved it during that time frame. But his father in law was double diamond John Crowe, so I'm sure his success path easier than most. I remember when he came across the stage as diamond whoever was "inducting" them in proclaimed in a couple of years his organization was going to be crowning at least 1 diamond a year (this was 2005), fast forward to 2017 and the Dussalt team is still waiting for their first diamond.

Joecool said...

Back in 2005, WWDB and some diamonds were able to manipulate PV and groups so it was possible to "create" some pins. I suspect that it happened a lot in the past, even if I cannot prove it. But yeah, new diamonds in the US and Canada are pretty rare occurrences and I believe it's because North America has basically reached its saturation point where any new pins would replace older ones who no longer qualify. My old LOS, WWDB, has fewer diamonds now than when I was an IBO in 1996-1997.