Monday, April 16, 2018

Get Rich In Amway?

One of the things upline used to say was that Amway is not "get rich quick". I suppose they say this because most people would more likely think "scam" if they promoted it that way. But when you stop and think about it, 2-5 years, build it right and you have willable, residual income for life while walking the beaches of the world? That's not get rich quick? Or is it more of a disclaimer so that the opportunity doesn't sound "too good to be true"? One thing is for sure, even if uplines tell you that it's not get rich quick, it's obvious that IBOs think they will eventually get rich, even if it's not quick.

What most IBOs don't figure out quickly enough, is that they are unlikely to even make a net profit, let alone getting rich in Amway. How many of these people exist? Where are all of these retired Amway IBOs who built a business in 2-5 years and then walked away from their business and will be collecting a significant residual income for many years to come afterwards? I don't know of a single person who has done this and none of the Amway defenders and zealots I have encountered over the years has been able to supply this information either. When you consider the attrition in Amway (50+% quit each year), it's easy to see why residual income would be extremely difficult to achieve. While some people may have collected residuals for a while, it's pretty clear that attrition would eventually take it's toll on any Amway business sooner or later.

I can acknowledge that Amway is a business opportunity and will definitely take some work to be able to achieve something. But thinking realistically, what business could you actually be able to walk away in 5 years and not work again? More than likely that business doesn't exist, whether it's Amway or not. Say you opened a conventional business. There wouldn't be many scenarios where you could walk away after a number of years. The business would still require work and maintenance. But for some reason, people are mislead to believe that you can do this in Amway where there is a high attrition rate and where your business can only expand by person to person.

Sadly, many of the people who are attracted to the Amway opportunity are often young people looking to get more out of life. They are often ambitious but may lack a means to gain wealth, thus the appeal of the opportunity is there. Unfortunately, these nice young people are more likely to end up channeling their hard earned dollars into standing orders and functions which will almost guarantee that they end up with a net loss. The bottom line is that not only is Amway not get rich quick. The more likely scenario is that your involvement with Amway will very likely be not getting rich at all. A net loss is the most likely result. I challenge anyone to try and prove me wrong on this point.

1 comment:

Anonymous said...

In the past, Amway tried to discourage its recruiters from telling prospects that one could "retire" from Amway at a certain point and live on "residual income." But the lie was simply too effective in drawing in suckers. After all, who wouldn't agree that working for a few years to become a millionaire and then living on guaranteed "residual income" wasn't a great idea? This is what drew many persons into the scheme.

I recall that Van Andel and De Vos once sent out an official message to all members, saying that "It is a mistake to tell potential recruits that successful persons higher up in the Amway organization have retired and are now no longer active in the business. This is untrue. These successful Amway members are still very active in maintaining their business."

In other words, Van Andel and De Vos were saying that, if you didn't actively maintain and support your down-line, it would soon disappear through attrition. Your income would dry up. Amway income isn't permanently residual; it is dependent on the continued activity of your down-line.

But all this was before the LOS subsystems began to emerge. The creeps who ran those subsystems were interested in recruitment only, and in fees, and in selling tools. They utterly refused to stop telling the lie about "residual income." Van Andel and De Vos backed down, and this is why the "residual income" lie is still told and believed by Amway IBOs.