Wednesday, September 13, 2017

Go Diamond, Live A Life Of Leisure

When I was an IBO and was out showing the plan, I often saw my upline diamond driving around town dressed in a business suit. I used to think why does he keep working so much if he can walk away and collect residual income? My sponsor told me that the diamond only works because he cares about his downline and wants to help them. So there are two possible scenarios, the diamond is working to help his downline out of a genuine concern, or possoibly he is working because he has to! The only difference now is that the diamond works the night and/or graveyard shift, because many IBOs are building the business after they complete their day jobs. **We should also note that my former upline diamond dropped down to the emerald level around 2005 and has since re-established his diamond level. (So much for lifelong residual income)

Now Amway has stated that the average diamond earns about $150,000 a year. Amway currently says the average Diamond makes over $500K, but that is the average for aQ12 Diamond (which is the rare exception, thus I believe the average diamond income is still about $150K) That is a decent income, but after taxes and paying for basic expenses such as medical and dental insurance, the average diamond probably lives a very middle class lifestyle. Keep in mind that a large portion of a diamond's income comes in the form of an annual bonus, thus a diamond's monthly income may be quite small. Yes, diamonds may have other sources of income such as speaking engagements and income from standing orders and functions. But this income depends on the diamond's continued appearances and efforts.

So is it likely that a diamond is "free"? I would have to conclude that a diamond is not free, and may actually have to spend more time maintaining his group than if the diamond simply had a 9-5 job. For one thing, a diamond needs to maintain a personal group to keep qualifying for bonuses. With a poor retention rate in Amway, I am fairly sure that a diamond spends much time recruiting personally sponsored IBOs to maintain this group. Additionally, a diamond must help his six or more groups of downline platinums to maintain their businesses or face the possibility of falling out of qualification. My former diamond dropped down to the emerald level but has since re-qualified at diamond. A diamond must also dedicate time to reward up and coming movers and shakers, to keep them motivated. I got to spend time with my upline diamond when I was considered a promising up and coming IBO.

In order to continue to receive tools income, a diamond must also travel to numerous functions and speaking engagements. Although the tools income allegedly doubles a diamond's income, it also adds a lot of expenses, especially if the diamond and his family travel first class to show off the diamond lifestyle. I wonder if some diamonds can even afford to fly first class?

After breaking down projected income and considering projected expenses, I can only conclude that a diamond probably lives a middle to upper middle class lifestyle, and probably works as much as a man with a 9-5 job, except that a diamond works nites and weekends. A good portrait of this is shown in Ruth Carter's book (Amway Motivational Organizations: Behind The Smoke and Mirrors). In the book, the diamond had a net income of over $300,000, but lived in debt, could barely pay his mortgage, and was always on the run from one function to the next. This is not the lifestyle that diamonds try to portray.

I believe that diamonds may actually be busier at the diamond level than an average Joe who has a 9-5 J-O-B. The difference is that the diamond works the night shift. Is this the freedom you are seeking?

3 comments:

Dan Lowenberg said...

This blog post resonates, for some reason.

Keep up the excellent work.

I have forgiven the frauds at "WWDB". But I will never forget.

DJL

hdfiuhl said...

Hello Joecool, regarding "walking the beaches of the world with the money rolling in" I would recommend to everyone to check Peter Mueller Meerkatz facebook account, european Amway heavy weight in the age of 74-75, regularly posting pictures from the functions, even in Colombia. claiming he goes from function to function, pictures of old man sweating a lot while signing some "tools" surrounded by crowds of brainwashed people... That is the dream?

Anonymous said...

So if I travel a lot and take pictures of myself...
That makes me automatically rich? Where do I sign up?

But honestly, why are you even doing amway when you're at the age of 75
Clearly not " walking the beaches of the world with the money rolling in "