I’ve seen and heard many debates about Amway and one interesting discussion was about Amway and gambling and the odds of success. The Amway defenders were quick to point out that Amway is not a game of chance and hard work is required to succeed. But let’s look beyond those simple and obvious arguments.
If Amway is not a game of chance, then it is possibly the most difficult business in the world to succeed in. That’s because millions or tens of millions have put forth a lot of time, effort and money into their Amway business only to end up with a net loss. Amway’s own financial disclosures confirm this. Now I didn’t go digging for the most recent figures but Amway’s own stats showed that about 1/4 of one percent of IBOS go platinum. That’s the level where dedicated IBOS allegedly break even or begin to make a profit although many IBOs go platinum but do not requalify for that level again.
So based on information that Amway discloses, you have about a small fraction of one percent of breaking even or making money in Amway. And I repeat the Amway defender’s line that Amway is not a game of chance. Who in the world would want to join a business where you have less chance to succeed than a game of chance? Seriously? If I flip a coin, I have a fifty percent chance of calling the correct outcome of heads or tails.
Even most games in Las Vegas gives you close to a 50 percent chance of winning. Certain games such as black jack can actually favor the player depending on the level of skill. Now I’m not advocating gambling as a good way to make an income but I’m just illustrating how difficult it can be to succeed in Amway.
More food for thought: Vegas builds new hotels and attractions on the losses from losing gamblers. However, most gamblers enjoy gaming knowing they are likely to lose but with a chance to win. Amway diamonds enjoy the diamond lifestyle by selling cds/audios and functions while encouraging downline to move more PV but in the mean time, the down lines are losing money month after month with little chance of even getting small jackpots along the way. The sad part is that Amway is not a game of chance. At least gambling doesn’t require hard work.