Wednesday, January 18, 2023

Joecool's IBO Challenge?

As a long time blogger and Amway discussion participant,  I often hear stories and testimonies about how some people (usually newbies) have this incredible belief in Amway, their sponsors and their LOS, such as WWDB or Network 21. Being that many, possibly most Amway IBOs are sponsored by a friend or family member, means that there is an inherent trust in the sponsor or upline. If that were not true, then we would likely see many more complaints about Amway and/or the uplines and lines of sponsorship.  Also, many people who quit just chalk it up as a learning experience and move on with their lives.

But a very important facet of being an IBO (according to upline leaders) is to have a dream. Don't let "naysayers" steal your dream, is what many IBOs are told. But what is that dream? Is a dream (a long term and attainable goal) versus a wish which would be like winning the power ball lottery.  Many prospects and IBOs want to succeed. They are willing to work hard, and are very dedicated, I would say that these folks usually will end up failing, not for lack of effort, but for a flawed MLM/Amway system that cannot possibly reward more than a few. The famed 6-4-2, 6-4-3 or some other variation of the plan will illustrate that only 1 in 100 or so can be "platinum". And that's with nobody quitting. Factor in attrition and "do nothings" and it might be 1 in 400 who can reach platinum.  Amway's disclosures show that .26, or about one fourth of one percent of all IBOs, reach the platinum level.  Even if the whole world signed up for Amway, that fact doesn't change.

Do you really believe in Amway and your line of sponsorship such as WWDB or Network 21? If you truly believe in Amway and your mentors, I challenge you to do one of these things. If you can't or won't, then I question your level of commitment. I question your belief. I'm not here to steal your dream. I am just challenging you.  Do any IBOs or prospects have the guts to take Joecool's challenge?

Take your 6-4-2 or 9-4-2 or 6-4-3 plan to a loan officer at a bank and show them the plan. (Hey, it will help you be CORE) Ask the loan officer for their opinion of the plan and see if you can get a business loan based on the Amway plan. If not that, try seeking the advice of a real millionaire (Someone who has a net worth of a million bucks) and see if they think the 6-4-2 or other Amway (version) plans can work and whether they think Amway is a good idea. Heck, try asking your church Pastor. My church Pastor said Amway had too many false hopes and promises to be considered a viable business option.

Another consideration is to ask a successful business owner what they actually think about Amway and the 6-4-2 plan. I think IBOs would be shocked by the answer.

How strong is your belief in Amway? Strong enough to take my challenge? Or will you ignore this and go on fooling yourself?

1 comment:

Anonymous said...

Nobody in the Amway racket will take up your challenge, Joe Cool, because they are forbidden to discuss Amway with anyone who might have an intelligent and penetrating criticism of the entire business and its prospects.

Bank loan officers, self-made millionaires, owners of successful businesses... no one like this will have anything good to say about an MLM racket in which 99% of members lose cash every month, and in which the only real source of money is recruitment of a bigger sales force without any growth in retail sales.

All of them will say something like this: "You can't be serious! This Amway plan is simply a disguised pyramid scheme, in which the IBOs are nothing but salesmen working for a tiny commission, and who are paying endless monthly fees for training!"

I don't think Amway IBOs have the guts to listen to an answer like that from financially savvy persons. It would burst their bubble of fantasy.