Tuesday, September 26, 2017

The Value Of Your Amway Business?

Many many people see the Amway plan, sign up as an IBO in the hopes that Amway income will help them fulfill their dreams and that they will walk away from their jobs at a young age and collect lifelong residual income while walking the beaches of the world. Sadly, most IBOs will never even sponsor a single downline or see a net profit. These IBOs may continue in the business for a while but will eventually quit when they see the writing on the wall. Someone mentioned on another forum that people who want to work 2-5 years and do nothing thereafter are probably lazy and therefore, are not capable of achieving in anything, much less in Amway. I agree with this but even hard working eager IBOs generally make nothing or lose money.

But wait, you're an "independent business owner". So instead of quitting, why not sell your Amway business? I wonder if any IBOs actually think about what their business is worth. I mean a diamond in theory could sell their business and live large happily ever after right? Here's some food for thought. Why are there instance of diamonds quitting or resigning from Amway? Why would they just quit when they could either walk away and collect an income "forever" or sell the business? I mean do IBOs ever stop and think about this? It is an honest and serious question that should get some consideration. Honestly, why would a diamond not walk away if they could collect income forever?

I believe diamonds quit and resign because their business is worth very little or nothing. And most Amway businesses do not even generate a net profit. For IBOs who are seriously pondering on this very important message, try looking up this topic in Amway's rules. There are very complicated steps to be taken when selling your Amway business as each person upline must be offered ownership (To the best of my understanding). This process can go on for a long time and the attrition of your business could render it worthless before you can find a buyer, if you have a buyer at all. Also, if you quit, the downline in your group would be surrendered to the immediate upline anyway. So why would your upline want to buy your business?

So IBOs, I ask you. What is your business worth? You don't own your downline. They are independent owners like yourself. You should not have inventory, employees or some warehouse storage complex. Aside from the ability to add downline volume to your own, your Amway business likely has very little value in the real world. So IBOs and prospects, think about it for a minute. What is the value of your Amway business? Ever see anyone sell their Amway business or actually walk away from Amway to collect residual income? Do you ever wonder why crowns and double diamonds are still working, even beyond retirement age for people with jobs?

27 comments:

Francesco said...

Hi,
I do not know what you've learned but what you ask for makes no sense if you know the amway business. without commitment any work does not work, it depends on what you compare that job. I know you ask yourself because you did not understand the difference between manager and leader in an amway activity.

Francesco said...

I do not know what you've learned but what you ask for makes no sense if you know the amway business. without commitment any work does not work, it depends on what you compare that job. I know you ask yourself because you did not understand the difference between manager and leader in an amway activity

Joecool said...

Even with commitment and work, the business doesn't work because the products are priced so high that the primary users are the Amway IBOs themselves. Secondly, with Amway's crappy reputation, it's very difficult to get people to see the plan and to sponsor downline.

Amway sales reflect what I'm saying. Over the last 3 years, Amway sales are down about 25%.

Francesco said...

hello, for my little experience the products I sell them with simplicity when satisfying the bid of a customer. Is simple. But it's my experience. The amway market after 30 years in italy is more florid than ever and people who bought them 10 or 15 years ago today are looking for them. For the global market, you need to know the performance of each individual nation and you understand that after the boom in some markets, there is always a moment of stability. But always try to compare one model of activity to another with the pros and cons, otherwise by just false information. As far as I'm concerned with both my uplines and the system I follow, they explain very well what you ask for with the utmost transparency. So I do not understand if you've had a bad los or did not really work. have you ever presented 4 markarts in the week? (4 hours of work a week?) Reading what you write seems like you do not know about amway or how it works. A greeting and good job

Joecool said...

Have you read my profile? I was a 4000 PV pin with a growing business. I didn't quit because I couldn't build Amway, I quit because I did what my upline advised and there was no net profit. Any profit I made went to upline because they advised me to spend it all on tools and functions. When I disagreed with them it led to me quitting.

Francesco said...

did you say amway? do you know the depth and width concept? with amway it is easy to calculate the profit. 4000pv no money means 1 leg. I repeat, did you say amway? And with that I closed.

Anonymous said...

You have made a lot of claims about being successful and retiring by age 55. Instead of spending the next 10 years complaining about Amway, how about you write a blog telling us the secret of your success. What did you do? What did you learn? Tell us about your approach to leadership and why you think you were successful. I'm sure people would like to hear stories of success if this is really what happend for you.

Joecool said...

Anonymous, tell you what. You don't have to believe that I will retire at 55 and that I'll be fairly comfortable and would consider myself financially set.

But if you really want to know, send me cash payments monthly and I'll send you some cds that explain how I built my reserves and how I was able to retire at a fairly young age.

If not, I can post pictures of sports cars and mansions and you should believe me, as the Amway diamonds expect their downlines to believe them.

Deangelo Washington said...

Hahahahahaha! All these comments are hilarious! It's clear that some people just don't understand business. Building a successful Amway business is definitely possible. How I know? B/c I know people personally who have retired from their job b/c of their success in Amway. I am currently building the business and I can definitely say the products are great and people are definitely buying. You have to market to a certain niche. Not everyone is going to buy the products b/c some people are cheap and don't care what they use. Whoever made this blog just had a bad experience but that doesn't mean the business doesn't work. Amway is a billion dollar company and has been around since 1959. Don't you think they would of been shut down by now If it didn't work? Also, there is a couple who is retiring from their jobs at age 25 this Friday b/c of the Amway opportunity! I love Amway!

Anonymous said...

Joe -- a brilliant reply!

The guy was just trying to get you to stop blogging. You blew him out of the water!

Anonymous said...

I was serious on sharing the secret of your success...however look how nasty of a defection you just threw out. You have been a person who has belittled Amway based on your opinion of what they do incorrectly (which you have every right to do) however when it comes to being open about yourself you hide behind a blog? Why not share some advice? I'm not asking you to brag about what you own, just give some advice to those of us who are trying to better ourselves. Tell us about what made you successful. Talk about how to manage a career and develop as a leader. How do you go about developing others? I'd really like your insights.

Joecool said...

""I was serious on sharing the secret of your success""

I worked two jobs and the income from my second job was invested into the stock market. This was in 1988. I also worked hard and worked my way up the corporate ladder. I will admit I was fortunate to have purchased home in Kailua Oahu back in the year 2000. My home cost $280K but this year's assessment shows that my home is worth $1,000,000.

I work as a manager and one thing I do is to develop my staff so that they can think and work independently. That makes my job easier and my operation runs well.

About "hiding behind this blog". In the past, some IBOs left death threats on this blog so I use the pseudonym "Joecool" to protect my family's safety.

Joecool said...

""Amway is a billion dollar company and has been around since 1959""

It's great for Amway, but you aren't Amway.

""Building a successful Amway business is definitely possible.""

It's possible bit highly unlikely. Your chance are better if you lie about how much you make and how easy it is to go diamond.

""Don't you think they would of been shut down by now If it didn't work?""

Amway suffered a 25% decline in sales over the last 3 years in case you didn't know.

"" Also, there is a couple who is retiring from their jobs at age 25 this Friday b/c of the Amway opportunity! I love Amway!""

I retired at age 25 from my job because of this blog! I love Joecool's blog!
See how that works?

Anonymous said...

To Deangelo Washington:

Anyone who thinks that you can retire from your job at 25 because of Amway is living in cloud-cuckoo-land.

Tell us the name of that couple. Tell us where they live. Tell us who their up-line is. Tell us what LOS they are in. Tell us how much money they have actually made (in profit) the last tax year. Tell us what their original jobs were.

Tell us ALL THOSE THINGS before you shoot your mouth off about how great Amway is.

kwaaikat said...

@deangelo Washington: "Amway is a billion dollar company and has been around since 1959. Don't you think they would of been shut down by now If it didn't work?"

The answer to your rhetorical question, "No, I don't think so".

Many casinos have been around for much longer than 1959. Does that mean participating in what they offer participants is a solid plan to make money?

As for your counter example of the 25 y/old, assuming for a moment it's true. Gambling also produces winners. Same question, does it mean gambling is a solid plan to make money?

I'm not a gambler, but it sure is better than Amway. In Amway you pay every month and work hard for years and have low odds. At a casino you can only pay once and have the same or better odds.

Anonymous said...

You're full of it, and I know because I was too when I was in Amway BWW,. Tell me how you can justify getting customers to spend $91.15 on lean muscle vitamins, or $59.25 for IBOs 22.58pv/71.10bv?

How, when a "cheap person" as you like to call ppl not interested in buying can take that ~$100 and buy organic non GMO produce covering a multitude of health benefits..I already commented this on another article thought it was you... stop lying to yourself and save your $130 this FED or will you try to sell your prospect tickets when they don't show at FED?
J. Manman

Anonymous said...

The price of $91.15 for vitamins is more than just insane; it's utterly indefensible. Why the bloody hell would anyone be so stupid as to pay that outrageous price?

Notice how these Amway defenders always have some excuse. Joe Cool had 4000 pv, but "that was in one leg only, so he didn't make money." I guess if he made 8000 pv in two legs, they'd have another whining excuse as to why he only breaks even.

Everything that comes out these Amway defenders' mouths is designed to do one thing only: convince you to work and work and work endlessly, and never quit Amway.

Anonymous said...

you can calculate your income simply from the website based on how you build it is all very transparent. I repeat you stayed in the Middle Ages. Wake Up! Wake Up! we are in the year 2017. No excuse.

Joecool said...

Amway's business model is from the middle ages. Person to person selling household products and vitamins and recruiting others. That's about as inefficient as you can get.

Anonymous said...

Ok two legs 8000pv(4000pv for legs) no personal pv. You makes 450 $ at mouth, but first you have to work. Download incomsimulator please. It's fact no excuse. Try it.

Joecool said...

And your Amway leaders would de-edify you and try to steal your 4000 PV legs as you are a bad example doing 0 personal PV.

Anonymous said...

no, maybe you would do it. did I do it to you? ahh you had a bad experience .... how bad they were with you sigh sob sigh sob. you are always in your world. wake up.

Joecool said...

A bad experience? 99.9% of Amway IBOs have a lose money experience. That includes you. There was no sobbing for me. I realized it was a scam and quit.

Sadly, you are still losing money if you're still an IBO.

Real said...

Forget the business model. IBOs are so desperate to sell highly priced products. They are starting to claim their products are %100 organic. Only because they have their own organic farms. Lies, they are synthetic. Please share.

http://globalnews.amway.com/ourstory/Article/health-beauty/straight-talk-about-synthetics-in-nutrilite-supplements

http://globalnews.amway.com/are-all-the-ingredients-in-nutrilite-products-grown-on-your-own-farms

Anonymous said...

Forget the business model. IBOs are so desperate to sell highly priced products. They are starting to claim their products are %100 organic. Only because they have their own organic farms. Lies, they are synthetic. Please share.

http://globalnews.amway.com/ourstory/Article/health-beauty/straight-talk-about-synthetics-in-nutrilite-supplements

http://globalnews.amway.com/are-all-the-ingredients-in-nutrilite-products-grown-on-your-own-farms

NotGonnaBeUrNextDownline said...

Anonymous- you know the scary thing about that is that I unknowingly went to a URAssociates/Amway seminar a few days ago and everyone kept pointing out this 25 year old who retired because of Amway..... what a coincidence..(eye roll). Now, I don't know her personally but everythung every single person said to me just seemed so scripted. That's because half of what I heard were things I'd read about from this blog or others across the internet spelling out their experience. Some of it was VERBATIM.

Joecool said...

Isn't it amazing that Amway IBOs and defenders claim that Amway is different or new but yet I still hear the same old same old from when I was in the business more than 20 years ago. The business model hasn't changed so why would the teaching change significantly? But I wonder how they pimp "voicemail" these days since everyone has a cell phone and social media? It must be amazing hearing the lies that upline must tell to sell their tools and functions.