Monday, November 18, 2024

A Million Dollar Business?

 So many Amway IBOs mistakenly believe they will work for 2-5 years, own a million-dollar business and retire from their jobs walking the beaches of the world while cash rolls into their bank accounts.  Sometimes I wonder if Amway diamonds and IBOs even know how you come up with a valuation for a million-dollar business?   I'll bet many wouldn't even be able to answer that question.  Sadly, most IBOs won't get anywhere near to the dreams they were sold as prospects in the Amway business. This in my opinion, is the crime in all of this. To fill someone's head with false dreams and hopes and then profit off them by selling them tools that will not help to fulfill those dreams. In fact, the cost of tools is what sometimes leads to financial ruin for some IBOs.

Most IBOs will never sponsor a downline and many IBOs will not even have a single customer. What kind of business can become wildly successful and profitable without a lot of customers?   The answer is none and to think otherwise means you have no idea of how a business works.  It seems that only in Amway and some other MLM offshoots do we see this warped teaching of buying from yourself as a means to become successful in a business. Many people, desperately wanting it to be true, will buy in and give the business a try. Then after a while when progress stalls or it becomes painfully obvious that things aren't working out as promoted, they get discouraged and quit. Most quit and never complain, partly out of shame, or perhaps these former IBOs don't want to complain about the friends and family who sponsored them.

I would challenge prospects to go and look at a million-dollar business. Go to the mall and see what some bigger businesses look like. Does your Amway business resemble it in any way? Do you have customers in proportion to a million-dollar business? Heck for that matter, does your upline diamond really have what looks like a million-dollar business or is their real business selling you standing orders and function tickets? It would appear that standing orders and functions are a million-dollar business. Many unsuspecting IBOs are the customers of the tool and functions. Unfortunately, there is no unbiased documented evidence that the tools do anything other making your uplines wealthy.

1 comment:

Anonymous said...

The best kept secret in Amway is that it is next to impossible today to develop a down-line in North America. There are just too many unpleasant stories and accounts of how horrible the entire racket is, and how difficult it is to make a net profit because of the tools scam. No one wants to join -- not even the simple-minded small-town rubes who used to be the main source of recruitment.