One of the most stupid teachings I heard as an IBO was that IBOs should buy their own products from their Amway business and charge them selves full retail. Thus the difference between IBO price and full retail would be your profit which you can then bank and use that money to buy tools and function tickets. For me, that was a WTF moment.
Some IBOs fall for this garbage and actually have repeated that teaching. If you buy your own stuff, you’re using your own money, thus your money went from one account to another. That’s not profit. Well, I guess an IBO can be fooled into thinking that moving money from your savings to checking is profit.
Say you purchase double x for the IBO price of $50 but the full retail is $85. In theory you have now made $35 profit. You’re supposed to use that profit for tools and functions but if the profit just can out of your pocket, what difference does it make? You could just as easily pay for double x then pay for your functions and tools. By claiming retail profit, now moving money from one account to another becomes taxable income (profits are taxable).
Thus teaching is actually dangerous because it just adds to an IBOs already negative cash flow. And to think I actually paid to attend a function where they taught this crap. The good side is that this was where I started to smell a rat with regards to upline teaching. This and the submit to upline garbage.
Since I’m certain that diamonds are still pushing tools and functions, I’m sure they must be teaching down line to raise capital in some way. It’s possible that this paying yourself lies are still ongoing. It’s my hope that this blog post can help unsuspecting IBOs and prospects to see through the silly upline teaching.