Wednesday, October 10, 2018

What Is Your Amway Business Worth?

Many many people see the Amway plan, sign up in the hopes that Amway income will help them fulfill their dreams and that they will walk away from their jobs and collect lifelong residual income while walking the beaches of the world while living in the lap of luxury. Sadly, most IBOs will never make a profit or even sponsor a single downline. These IBOs may continue in the business for a while but will eventually quit when they see the writing on the wall. Unfortunately, many IBOs suffer a financial loss before they realize what's happening and walk away. Most people don't complain or seek refunds. They just quit and leave, a life lesson learned.

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 could either walk away and collect income, or sell their business and live happily ever after right? Here's some food for thought. Why are there any instances 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? Maybe there is no residual income. After all, when a significant number of IBOs never even last in the business for a year, it's hard to keep that volume moving month after month.

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? They can just tale it over if and when you leave, without compensating you.

Also, as an Amway business owner, what do you own? You don't own your downline, although their volume runs through your business, you have no assurance that the downline will continue in the business and not just quit. You don't have staffing and you probably don't have equipment or a rental property or any real business assets. You may or may not have some inventory but you are not required to hold any.

So IBOs, I ask you. What is your business worth? What is the value of your business? The value is likely ZERO.


Gmoney said...

When I met with the big shot guy on Saturday during the recruitment process he threw out the line that it is a "willable business."

Joecool said...

I'm not sure if the business is "willable" but what are you leaving? The business generally has no inventory or anything of value. You don't own your downline. It's just your spot on the pyramid that your business is entitled to, which is worth nothing if the downline quits.