Tuesday, August 21, 2018

Early Retirement Because Of Amway?

One of the humorous things I read is when a Amway IBO says he or she is 19 years old and will be "retired" at the age of 24 because of the Amway business. I personally don't know of anyone who has retired primarily on residual Amway income, as many seem to claim. I am not suggesting that nobody has ever done this, but I suspect that there are so few people who may have done it that it is not noteworthy. Even the Crown Ambassadors appear to not only be working, but have very busy schedules where they are constantly on the run. In recent years, some crown ambassadors have passed away while still on the job. Why don't we see any Amway retirees? I know retired teachers, police, fire fighters and such. I don't know of any Amway retirees.

The poor retention rate of IBOs would suggest that even a sizable Amway business could fall apart rather quickly without a constant replacement of IBOs. It is for this reason that I suspect that Amway folks never retire. They need to keep working or their businesses will fall apart. If you are a diamond, one downline platinum falling out of qualification could drop you to emerald status. Diamonds are not forever, especially in Amway. They may carry the diamond pin, and could be speaking at functions, but they might be a former diamond with a small downline group.

I ask this of IBOs. Is your upline diamond, or someone in between you and the diamond retired because of (primarily) Amway income? Do you as an IBO have a projected date when you will "walk away" from the business and retire? When I was an IBO, I always wondered why nobody "walked away" from their business after they went diamond. I believe the answer is crystal clear. Because IBO turnover is so high, if a diamond were to walk away from the business, he would probably fall out of qualification in less than a year. The bonuses would disappear and the diamond would probably have to look for a job. There are many examples of diamonds who have quit, and in some cases, went back to work.

Many unsuspecting prospects may be lured into the Amway business with the hope of an early retirement. Amway recruiters may mention that control of time and money is the key to success, but ironically, for most who sign up, will end up with less time and money than if they did not join at all. For many people. especially young people, it might be a good idea to seek financial advice from a professional and to make long term investment goals. Am investment of about $200 a month can net you close to a million bucks after 30 to 40 years.

Yes, there may be "some" people who retired early due to (primarily) Amway income. But I don't know any. And not a single Amway defender has ever been able to name one. It reminds me of bigfoot/sasquatch. Many reports and allegations are there that these creatures exist but there is no real evidence to support that such a creature actually exists.


Anonymous said...

There is no one in Amway who starts at 19 and retires at 24. That is a total lie. A complete, total, FUCKING LIE.

Let any Amway IBO come here with detailed proof of any such thing. I dare them! I want real names, dates, facts, and figures to back up any such outrageously absurd claim.

Come on, you stupid Ambots. Let's hear what you have to say. Or will we just hear the sound of crickets chirping?

Anonymous said...

You apparently never were around the business then. I can name off numerous people on my business team who retired in their early to mid 20s.

Joecool said...

You can name all these people who retired early. But you didn't.

Anonymous said...

Honestly I couldn't name one, nor could I name that guy who retired from McDonalds in Ireland last week. The old MLM Myth is no one retires from something they love, yet skeptics maintain that they need to replace the downlines as they quit. My humble opinion (what ever that is worth) is that most people don't retire from entrepreneurial businesses, they sell them. Retirement is something someone does when they have invested enough income that they wish to stop working at the place in which they are employed.

Regardless of the views I have to say this (Because it's what my father always said about MLM/Amway)

"Making a living spending time with friends instead of punching a clock would be an amazing way to life your life, perhaps far better than the alternative. That being said, if you honestly believe that eventually there will come a day when you simply sit on your ass while a 6 figure income rolls in... I got some news for you... that is NEVER GOING TO HAPPEN!" -My Dad

Your going to have to work your ass off either way - what you make and how you make will always be your decision.

Joecool said...

So you claim that people retire from Amway "young" but cannot name a single person who's done it. You can try to sell yout Amway business but in Amway, you are required to offer it upline first. But why would upline buy your Amway business if you will end up forfeiting your downline if you can't sell you Amway business? For this reason and because of the attrition rate, I believe nobody "retires" and walks away from Amway. They keep working or die on the job.

Anonymous said...

I have met 5 people in Network Marketing that make 6 Figures (this is solely based on their Pin level, no documented proof mind you) and not 1 of them is retired, they continue to develop communities in their downlines and generally "Seem Like" Happy people. What they have all done is "Retired" from working the 40 plus hours a week routine (for someone else) to go full time in there own businesses (40 hours a week routine for themselves) and their teams.

That being said, my friend who has been in Quickstar/Amway for a number of years has told me that some platniums, rubies, and sapphires on his team "Retired".

I couldn't imagine retirement from such low levels, yet I met a kid in Usana Health Sciences "Neil Vincelette" and he had reached a level that allowed him to buy up quite a few rental properties. I don't know that he still builds his mlm, but last I saw him he wasn't working a job.

I think that MLM Guru Tim Sales said it best when he said: "No one fails at Network Marketing, they quit." Perhaps as Joe Cool has pointed out "No one retires from Amway, they quit."

I honestly don't know, as I don't own a Network Marketing Powered business. I am simply a welder, who hasn't joined any of the 8 MLM companies that I have been introduced to. For the most Part I hate people... No Offense to visitors of this blog.

Anonymous said...

To Anonymous at 4:49 PM --

You seem truly conflicted on the subject of MLMs.

You say that you are not in an MLM business, but you have been prospected by eight of them. You are friendly with others who are in MLMs, and you know five of them who make six-figure profits.

You're ambiguous about "quitting" and "retirement," almost as if you were afraid to commit yourself one way or the other.

What gives here? You claim not to be in any MLM but you carefully refuse to say anything critical about MLMs. There must be some reason why you didn't join into any of the eight MLMs that approached you. Clarify things for us, please.

Anonymous said...

Really? Retired (QUIT) their job that guarantees a paycheck. You dont retire in Amway. You keep working more than you do in a real job. That s a fact. That is why diamonds are flying all over the country to speak at events.

Anonymous said...

To Anonymous at 3:31PM

I wasn't trying to be ambiguous about Retiring and Quitting.

I meant that people who are positive about Networking Marketing claim they don't quit because they love what they do. Hence they don't Retire. People who are negative about Network Marketing claim that no one can Retire because the downlines will vanish and so will their incomes, thus making it impossible.

Then I pointed out that an MLM Guru by the name of Tim Sales has videos online (I know because one of my friends showed me his videos as he tried to introduce me to the WATKINS business) explaining that people can't fail at Network Marketing, they can only Quit.

I am not conflicted about MLM Businesses, I was trying to show both sides, as a Welder obviously my insight isn't that great, and I apologize. I just don't see the point in being critical of a business, instead I am extremely critical of people and how they choose to behave.

Did the Mary Kay Business tell my wife's friend to invite us over for a nice meal only to spring a Sales Party on us? No, whether her upline told her to or not, she chose to do that to us. Niel would say that some people accuse the industry of being a cult, which means mind control correct? I laughed when he told me that. He isn't going to control my actions, nor is anyone else, I CHOOSE how I behave. And so should everyone else... correct? How is that the businesses fault?

Annoymous - all I know for sure is that for anyone to "Retire" from something (business or job) they will need to generate an income from some kind of investment or investments. Whether it be Rental Properties, Business Ventures, Stocks, Bonds, CD's ect.

I never joined a MLM business because I hate most people, I don't enjoy meeting new people... makes me extremely uncomfortable. Plus I tend to get really angry when people act stupid, and when you hang around long enough that's what people do. I have 3 close friends and that suits me just fine.

I don't know about you, but I have never made a life decision based on how much money someone can make at it. So you make 6 Figures in the corporate world? Kudos, yet that doesn't mean I want to work their too. I like working with metal, it doesn't have opinions and it never misbehaves.

Does that clarify where I am coming from?

Anonymous said...

Yes, thank you. That is a very clear statement that makes matters much more understandable.

I tend to share your attitude about meeting new people. They almost always disappoint.