Wednesday, October 9, 2024

Right Around The Corner?

  When I was an Amway IBO, I heard the saying over and over. Never quit, success might be right around the corner. There were countless stories by diamonds and emeralds of how they were on the verge of quitting but stuck it out and somehow "made it". I also heard stories about why people should not quit because even if you were told "no" a thousand times, the next prospect might say "yes" and turn your entire business around. This mindset is almost like a gambler who thinks the next hand or the next roll of the dice will suddenly start the beginning of a good run.  Too often, it is not.

I believe these are all heartfelt stories. However, I believe that many stories are embellished and made to order. Or in other words, made to fit a standing order. If you listen carefully to many of the standing orders, you will notice that the higher pins were consistently sponsoring people and generally achieved the platinum level in 18 months or less. There are exceptions of course, but the majority of stories I heard seem to have had the same theme. Those who were destined for success achieved some significant level in less than 2 years.

But for IBOs and new recruits, if you aren't constantly bringing in new people to the open meetings, and sponsoring new people, then you are very unlikely to ever achieve much in Amway. Statistically, less than one half of one percent ever reach platinum. Thus, if you are unable to grow your organization or group, then you are unlikely to be that one who "makes it". Success is not around the corner as some uplines will have you believe. If you take 100 "no's" and then someone finally says "yes" then chances are that person who said yes, will "do nothing", or do little and wind-up quitting. Chances are that person won't sponsor anyone or show anyone the plan. Chances are that person won't even be in the business a year later.

It might be a good idea for IBOs to take a step back and take an unbiased look at their business and their business activities. Is your group growing consistently? Is your volume increasing each month? Are you able to get people interested in seeing the plan on a consistent basis? If you answered "no" to any of these points, then you are unlikely to progress and achieve in the Amway business.

One important thing for people to note is that there are many ways to achieve your financial goals and dreams. Amway is probably not the best vehicle for most. The numbers speak for themselves. If less than one half of one percent ever reach platinum, where allegedly, IBOs finally see a profit, then I would say your chances of success are better elsewhere, even if that is a second job. The average "active" IBO earns about $200 a month according to Amway. Considering all IBOs, then the average income is probably about $100 a month. You can earn much more than that working 4-5 hours a week at minimum wage.

Is success right around the corner? I doubt it.

1 comment:

  1. You can earn more than $200 a month by standing on a busy corner and begging for spare change.

    ReplyDelete