Monday, November 19, 2018

The Merits Of Your Amway Business?

So many IBOs like to point out that Amway has a satisfactory rating from the better business bureau, or that Amway owns title sponsorship of Amway arena where the NBA's Orlando Magic plays. But what so many IBOs fail to remember is that they are not Amway. Amway has over 8 billion dollars in sales but IBOs are not Amway. And IBO stands for "Independent Business Owner". Amway supplies you with products and bonuses based on movement of volume, and Amway also sets the rules by which you can advertise and market your goods. Amway also sets the rules by which disputes are settled.

A big part of being an IBO, is to recruit other IBOs. This is an important focus for many because an individual cannot generate enough volume to reach the higher levels of the business where significant bonuses kick in, along with the recognition and the ability to speak at functions and other types of meetings. When some IBOs reach this level, it is apparently expected that the IBO, who may now be an "emerald or "diamond" will show off the fruits of success, or may show a copy of some bonus check. IBOs like to use these things to entice others to join. The entire process is ridiculous. Can you imagine being enticed to work for a company by seeing the paycheck of the company CEO? If you saw the CEO's home or car, would that entice you to work for a company? Of course not because the CEO's salary has nothing to do with you as an employee, just as a diamond's success is no assurance of a new IBO being able to achieve diamond.

But why do IBOs use these methods to attract others? Is it because their Amway business cannot stand on it's own merit? I believe that to be true. I believe that even the platinum level IBOs mostly lose money. The State of Wisconsin attorney general did a study of all platinum (direct distributor) IBOs in their State and found that they lost $900 a year on average. While the study is a bit dated, I would suggest that nothing has changed. In fact it is very likely that platinums lose even more today because there are more tools and functions that platinums must attend.

It would be very easy for a platinum or a higher level IBO to simply open their books and reveal their schedule C (business tax return) which is common among REAL business owners. But I suspect that most platinums lose money and therefore can't do this, and I also suspect that the higher level pin winners do not make as much income from Amway as they like downline to believe, and do not want to reveal how much they earn from the sales of business support materials (such as voicemail or functions). In a few cases where a diamond's income was revealed, there was less earnings than expected and in some cases, debt where there should have been none.

Can your Amway business stand on it's own merits? Do you use the curiosity approach and leave the Amway name out of your pitch? Are you upfront with prospects when they ask you about what you earn? If not, then your business does not stand on its own merits.


Modicare Local Service said...

Amway business not only fulfills your dreams, but also complete your next tomorrow. When You are doing this business, you will find colors of respect, brotherhood, faith, healthy-rivalry.

Anonymous said...

Platinums and other big pins in Amway certainly don't make the level of income that is suggested by the hype and hoopla of what you see at "functions." You would have to be a multimillionaire to have the jet-set lifestyle depicted as normal for upper-level Amway members. And yes -- when legal action forced the revealing of the actual income of certain Amway big pins, it was clear that they were in debt, depended on credit, and sometimes had gone bankrupt or had their mortgaged property foreclosed.

If a Platinum loses about $900 per year in Amway, what hope is there for the lowly IBO in his down-line? Does he have a chance to get rich by eating one Amway energy bar and drinking one energy drink a day? The whole idea is absurd.