Wednesday, July 29, 2020

Joe's Observations About IBOs

Observation #1: In general, IBOs are less successful in life than others. That is why they are more open to the business and why they can be convinced that there is a shortcut to retirement and perpetual wealth. When I was an IBO, I was not where I wanted to be financially, as I was younger and at the earlier stages of my career. I would not be open to “options” right now, however, many people looking for more in life or a shortcut to retirement may be more susceptible to looking at options. It's just that the Amway opportunity, in my opinion, ir a poor option. Many IBOs are young and ambititious, but mistakenly think there is a shortcut to wealth and retirement. Most find out the hard way that there isn't.

 Observation #2: The biggest zealots/supporters appear to have the smallest businesses. They talk the talk - but no evidence of walk the walk. Also, any discussion about their personal success with the business is limited and shrouded in secrecy or they will make vague references about their level of success. They will say that their incomes are not relevent to the dicussion or will point out a copy of someone's check or show a picture of a diamond's mansion, but will never disclose real financials like a REAL business owner would. In real business, it is common practice to reveal business financials to someone you are trying to get involved in your business. It verified the income claims you are making. 

Observation #3: The business has a bad reputation and cannot be marketed to the general public without some degree of deception. It’s why there are so many testimonials of people tricked into attending meetings (including myself). Being straight forward with information will likely get you a resounding “No thanks”. This is mostly in north america as foreign countires have not yet been saturated by Amway and the Amway name. 

 Observation #4: It would appear that much upline teaching is not focused on actually running a profitable business, but dedication to the system. It’s why so many IBOs don’t seem to know what a profit loss statement is, and don’t bother keeping one themselves. It’s also why the content of many BSMs is to purchase more BSMs. At functions, they will tell you to attend more functions and buy more standing orders, and on standing orders, they will tell you to never quit and to attend more functions. 

 Observation #5: IBOs in general don’t seem to have planned out their retirement. They are convinced that the Amway opportunity will provide for them when they reach their retirement years. They put down people who are working jobs and investing for their futures. They feel that purchasing function tickets is their investment for retirement. While a fraction of 1% might make some significant money in Amway, the vast majority do not. The fact that the majority may not have put forth a Herculean effort is irrelevant in my opinion. The bottom line is that the vast majority will not make an income from this opportunity. To ignore this fact is burying your head in the sand.

1 comment:

Anonymous said...

Amway looks for losers, and convinces them that they will be winners.

All it takes is a lot of lies, a lot of hype, and a lot of bullshit.