Wednesday, March 12, 2025

Don't Quit Your Job?

 So many Amway IBOs have grandiose dreams of untold wealth and financial freedom. They think they will "build it once' and sit back on the beaches of the world sipping exotic drinks while the 6 figure checks keep coming in the mail. Sure it's a nice thought, but not a single IBO I have encountered can name a single IBO who achieved diamond and walked away from the business to enjoy freedom while the money pours into their bank accounts. It is very likely that nobody like this exists. I suppose someone could go diamond and walk away from the business and still earn some bonuses, but very quickly, that business would likely fall out of qualification and the bonuses would shrink to nothing very quickly. Also, to earn bonuses, I believe an IBO needs to have side volume exceeding 2500 PV, which is roughly $7500 monthly in personal group volume. With normal attrition, it's easy to see how a diamond business can fall apart faster than a cheap suit without maintenance.

I also see and hear many IBOs popping off about how someone in their upline might be earning $60,000 a year. While it may seem like a nice income to someone who has a low paying or entry level job, that income is gross and may not leave much left after taxes and associated business expenses. Even a diamond with an average income of $150,000 or more in a year likely has a very low monthly income from Amway as much of that income comes in the form of an annual diamond bonus. As a former emerald once told me, you needed to budget out that annual bonus or you could be in financial trouble later in the year, if Amway is your sole source of income.

Also, you may have seen diamond showing off sports cars and other displays of wealth. My former LOS, WWDB has a function called "Dream Night" where they show off lavish displays of wealth. Well, it is my informed guess that most diamonds cannot afford the lifestyles and toys that they show off in these functions. If you do the math, you can see that after taxes and other expenses, a diamond lifestyle is likely to be quite ordinary. Normally, nobody would care about this but since diamonds use this display of wealth to recruit IBOs and to sell tools, it is significant for IBOs to know.

While it is great for someone to have dreams and goals, it is also important to have achievable goals. It is simply impossible for a room of IBOs to go diamond and to earn the kind of income that is shown in "the plan". Amway recruiters will show you "what's possible", but not "what's likely". To put perspective on that, it's "possible" that you can start a software company that puts Microsoft out of business, but it's not likely. It's possible for you to win the lottery, but not likely. My advice to IBOs is not to quit your day jobs - ever. Your dreams and goals can be accomplished in many ways, but it is unlikely to be achieved with an Amway business.

Food for thought. If diamonds have so much free time and money to burn, why don't we see slide shows of them donating $10.000 checks and volunteering to help the less fortunate more often?

2 comments:

Anonymous said...

My spy at WWG tells me that much of the fancy displays at the yearly functions are totally staged and fake. The photos and films of high-end cars, yachts, mansions, and private jets are pure propaganda, put together by a team of researchers who choreograph the entire thing, along with accompanying music. If you attend several functions, you will notice that the photos and films are always the same (they are kept on file to be re-used).

The speeches made by Diamond couples on stage are also scripted carefully. WWG big pins edit them beforehand, making sure that whatever is said goes along with official Amway mythology. Everything is planned out carefully, to generate the maximum wild enthusiasm and freaked-out cheering in the IBOs who are present.

Joecool said...

Thanks for your comments! I believe what you are saying is true because it is my informed opinion that many "lesser" diamonds can't even afford the stuff they show at functions. For example, a Lamborghini cost like $500,000. Most diamonds likely can't afford that kind of expense unless they rent the car.