Wednesday, March 29, 2023

Why IBOs Fail, But Don't Quit?

 For people who have already joined Amway and are trying to make a buck, only to see net losses month after month, you have to wonder at times why you joined Amway?   As an Amway IBO, I initially joined as it was pitched to me that I could easily earn a couple of hundred dollars a month, which could make a big impact on my life at the time. Of course, it made sense that I needed to invest a little bit of money to get started and to learn about how to run a business.

When I got started, there was a lot of hype and excitement in my business. I sponsored people and my business was on its way. I was touted as a mover and shaker and even got to attend some home board plans with my upline diamond. Even though I did as I was advised, had the parameters in the business that were recommended, I noticed that any cash I had earned still resulted in a loss, or if I made some money, the "next major function" ate it up and then some. As you should know, there are four major functions and a bunch of regional ones. But for many, the major functions take place out of your area, requiring travel, sometimes by air.

It was at the function called "family reunion" where I started to figure out what was happening. My upline platinum was having us "hang out" after the function at about 1:30 am. He started talking about how the business has nothing to do with money. That we made friends, became nicer people, better spouses or parents, and that money was the least important aspect of the business. While many nodded in agreement, I was thinking what the heck??? I wouldn't have joined and "invested" that much time and money into a business where I was "moving and shaking" but not making money.

Many IBOs are at a point where it may be hard to quit. You may have invested some time, money, and effort into your business, and you may have been programmed to think that quitting is failure or that success is right around the corner, and you don't want to quit too soon. But I urge you to look at facts. What is your bottom-line net income? It is red numbers. Is it a recurring loss, primarily because of tool and function purchases? If that is true, ask yourself why you joined. Was it to be a nicer person or to earn some money?   And be honest, what is going to change that will make you profitable?  It sure isn't going to make you profitable to spend more on tools and functions like many uplines advise.

What are your prospects of making a net profit soon if you are breaking even or taking losses? Amway leaders themselves have often said that insanity is doing the same thing over and over and expecting different results. Where are you at?  What is your conclusion?

2 comments:

Anonymous said...

Amway IBOs who are losing money don't quit because Amway is a disguised religious cult.

When you are in such a cult, facts don't matter anymore. All that matters is FAITH. You are emotionally committed to being loyal and devoted to the crazy ideas you are being told week after week by your immediate up-line, or by your obnoxious Platinum.

This is why so many persons who are "Core" in Amway die broke.

Anonymous said...

IBOs do not quit as they have burnt bridges with outside people. They are worried about acceptance by friends and family who once said no to them, if they go back. It is definetely hard to quit, if one has been core for many years. A logical choice without emotional binding needs made sooner than later.