Tuesday, March 19, 2019

Making Money In Amway?

One of the secrets that most IBOs don't figure out about Amway is how the money is made. This is because your upline probably hasn't been forthcoming about their secrets. Tens or maybe close to a hundred million people over the years have seen the Amway plan either at a coffee shop, someone's living room, or maybe in a convention center or hotel ballroom. In my day, Amway was promoted as a way to make money and save money. I doubt that this has changed very much over the years and things I still see online seem to confirm my belief.

But let's get real. Do you really think you can get rich selling basically vitamins and household products person to person and to your family and friends? I would venture a guess that many people struggle to meet the 100 PV minimum defacto quota. And that 100 PV bracket is likely to get you a whopping $10 bonus. Apologists will claim that it's $10 more than you get from Walmart or Costco. Let's examine that. If I spend $300 at Walmart or Costco, my cashback credit card gives me about $3.00. Not a lot, but still I am "paid" to shop. Next, I can get 36 rolls of Kirkland toilet paper for $11.99. If you buy Meadow Brook toilet paper, I am already ahead of you in overall savings and that doesn't include the savings from other common or similar products. Never mind the time you spend finding customers and downline, plus the expenses associated with running a business. Obviously you won't likely make a lot of money selling Amway products person to person, which is why new Amway IBOs are trying desperately to sponsor downline, which helps to leverage your volume.

So how do these diamonds earn what appears to be a sizable income? The answer is simple. They sell voicemail, premiere club memberships, standing orders and audios, books, seminars and open meeting tickets and other materials. While a rare individual may actually move up the ranks to become an emerald or diamond once in a while, the rest of the rank and file IBOs end up with a net loss directly attributable to the purchase of these tools. Selling tools to a group of thousands can be a huge source of income and might be able to sustain the sports cars and other luxuries that are shown off. The tools have a larger profit margin than Amway products, and unlike Amway products, the rank and file IBOs do not receive any cash bonus or rebate from the sale of tools.

The very sad, and often unseen reality though, is that the system doesn't work. It never did apparently work and there is no documented unbiased evidence that the system does anything to help Amway business owners to succeed and thrive. If it did, there should be new diamonds emerging every month. In North America, there were maybe a handful of new diamonds in the last ten years or so, give or take a few. But no steady progression of success. Instead, the same old tired diamonds are still on stage selling their wares (tools), with little notable success growing beneath them. Every so often a new diamond will emerge, but overall, the system is just ineffective at churning out success.

Can someone make money in Amway? The answer is yes. But the truth is that you can earn much much more selling tools. Amway defenders like to say "anyone" can succeed in Amway. To that I say "anyone" can win the power ball lottery. While Amway is not a game of chance, there have been more power ball lottery winners in the US than new diamonds in Amway. And power ball lottery winners did far less work, and probably spent less money than someone seriously trying to build an Amway business.

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