Wednesday, August 18, 2021

Humorous IBOs?

 I get a kick out of IBOs who make outlandish claims and then mumble and stumble to back up their claims, or to offer at least a verbal explanation of their claims. I believe many IBOs, newbies in particular are loaded with enthusiasm, but lacking in actual Amway business knowledge. Certain groups have a certain philosophy, which sometimes comes out in a conversation. But I believe in most cases, the philosophy is one of talk and not action. Amway's own numbers seem to back up many of the claims made by critics, such as the low amount of sales to people who are not IBOs.

I recently saw a blog post by a WWDB IBO who says he got a nice tax refund from the government, mainly because of his business deductions. He also claims that his Amway business is booming and that he is making money. Now I'm not a tax genius, but if you are writing off losses on your business, you would get a refund, and if you were actually making money, then you would actually be paying more taxes because you taxable income would then be higher. It's amazing how some IBOs will try to fake success in ways that clearly show they are putting up a facade.

Other obvious ways are IBOs who say they are brand new in Amway but are making over $5000 a month. Now I do believe that it can be "possible" to make some money in Amway, and obviously some people do make a nice income from Amway, but generally, these will be tenured higher pins. The vast majority of IBOs do not make any significant money from Amway and if these same IBOs were participating in the teaching systems such as Network 21, WWDB, or BWW, then they are likely ending up with a net loss because the monthly expenditures for voicemail, functions, books and standing orders exceed (by far) the monthly income for most IBOs.

Even diamonds who want to flash fancy cars and gadgets. I believe many of these diamonds are not making as much as they want you to believe and in fact, if you just get a calculator and figure out what a flashy lifestyle costs, you will see that it will simply not be sustainable on Amway income, even when you factor in the tools income. Some diamonds whose incomes were exposed when they quit or had legal proceedings indicate that while a diamond (or higher) income may be nice, it will not sustain the kinds of lifestyles they speak about at Dream Night functions, or other functions where great wealth is displayed.

They may be fooling (some) new prospects, but they do not fool me and I hope they do not fool you. But it is funny when you see it happening.

1 comment:

Anonymous said...

Anyone who is a brand-new IBO in Amway, and who claims that he is making $5000 per month, is a lying sack of shit.

If you can claim a "business loss" on your tax return for your Amway expenditures, then BY DEFINITION you are NOT making money in the business! You would have to be brain-dead to imagine that a "loss" in business is a sign of making a profit!

In any case, a "business loss" can only be claimed for a few years. After that, the IRS assumes that your enterprise is not a business but just a hobby or a non-profit activity. And the IRS is well aware of the Amway MLM scam of claiming a "business loss" just to get a bigger refund. Amway jerks have gotten audited (and fucked in the ass) many times because of this fraud they tried to pull with the tax people.