Do the work once and reap the rewards for life. Lifelong willable passive/residual income. These are some of the things that attracted me to the Amway opportunity. That I could do the work, and have the option of sitting back, enjoying a fabulous lifestyle of riches and never have to work again. I could wake up at noon if I chose to, and/or I could stay out late hanging out with my "free" Amway buddies.
It sounds great on the surface, however, when you analyze an Amway diamond's income and look at things carefully, you can see where this lifestyle is just not possible. Even if a diamond earned $250,000 a year from Amway and the tools income, after considering taxes, business expenses and other necessities such as medical insurance and retirement savings, you don't have enough left to live what is often portrayed as a "diamond" lifestyle. Also, keep in mind that a lot of a diamond's income is received in the form of an annual bonus so a diamond's monthly income might be relatively small.One could also wonder why there aren't any diamonds (that I know of) who have actually walked away from their businesses and continue to collect any significant income from Amway. With more than half of all IBOs not staying in business for a year and about 95% of the rest of the IBOs being gone several years later, it would be an insurmountable task to keep your income rolling in with that poor retention rate. As far as I know, an IBO also need to have a minimal amount of side volume in order to qualify for certain significant payments/bonuses. That is a lot of volume to move when IBOs are quitting the business daily, and these days, it seems as though there are fewer IBOs getting involved, at least in the US and Canada.
It is for that reason; I believe these crown ambassadors and higher-level pins are still working. Once you stop, it is very likely that there is no tool income, and once your downline starts to suffer attrition, then you Amway income and bonuses will eventually dry up as well. I believe there is no true residual income in Amway. Sure, build a big business and walk away. You may continue to receive some income for a while, but eventually, it will disappear. It is like building a sandcastle on the beach. The bigger you build it, the longer it will last, but it is for certain that the tide will eventually wash the sand away, just as time and attrition will eat away your Amway business. If you are popular and charismatic enough to attract a large downline, once you leave, so will your downline.
As far as I am concerned, I believe the residual income claims from Amway is just a long running myth used to attract recruits. I don't know of anyone who built a large Amway business and then walked away and is still collecting a significant income. Do you?
2 comments:
That lying asshole IBOFightback used to claim that he was still receiving checks from his time in Amway. I doubt that it was true -- though he was probably paid under the table by Amway to maintain his long career as an internet troubleshooter who would attack anyone who criticized Amway. Nobody has heard much from him lately.
Back in the 1970s, when the company in Ada, Michigan actually gave a shit about what was being told to IBOs, DeVos and Van Andel spoke out against the practice of telling new recruits that they could live on "residual income" from Amway when they retired. I recall an actual circular sent out to everyone in Amway, advising them that this was not true -- that high-level Amway dealers with an income were STILL ACTIVELY INVOLVED with the business, and would not have that income if they had walked away from the task of maintaining their down-line.
But this didn't stop the scumbags in the AMO subsystems. The come-on of "residual income" was just too tempting a bait for the suckers. So they paid no attention to DeVos and Van Andel and kept on repeating the lie. In reality, the prospect of "residual income" is the only thing that is actually attractive about Amway, and the only thing that convinces a person to sign up. Nobody seriously wants to go to meetings, sell soaps suds and vitamin pills, or recruit prospects at shopping malls. But if you can do it for just two or three years and then get a check every month for the rest of your life, you might well decide it's a good deal.
When an IBO finally realizes that there is no "residual income" in Amway that will allow him to walk away from the racket, that's when he's most likely to quit.
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