This post is a follow up to the excellent comments made by Kwaiikat on my October 2nd blog post about building an Amway business: What is your Amway business actually worth?
Many people see the Amway plan, then sign up in the hopes that Amway income will help them fulfill their dreams and that they will walk away from their jobs and collect lifelong residual income while walking the beaches of the world. Sadly, most IBOs will never even sponsor a single downline. These IBOs may continue in the business for a while but will eventually quit when they see the writing on the wall. Someone mentioned on another forum that people who want to work 2-5 years and do nothing thereafter are probably lazy and therefore, are not capable of achieving in anything, much less in Amway. And in reality, in what business can you really "walk away" after 2-5 years and prosper?
But wait, you're an "independent business owner". So instead of quitting, why not sell your Amway business? I wonder if any IBOs actually think about what their business is worth? I mean a diamond could sell their business and live large and happily ever after, right? Here's some food for thought. Why are there instance of diamonds quitting or resigning from Amway? Why would they just quit when they could either walk away and collect an income "forever" or sell the business? I mean do IBOs ever stop and think about this? It is an honest and serious question that should get some consideration.I believe diamonds quit and resign because their business is worth very little or nothing. And most Amway businesses do not even generate a net profit. For IBOs who are seriously pondering on this very important message, try looking up this topic in Amway's rules. There are very complicated steps to be taken when selling your Amway business as each person upline must be offered ownership (To the best of my understanding). This process can go on for a long time and the attrition of your business could render it worthless before you can find a buyer, if you have a buyer at all. Also, if you quit, the downline in your group would be surrendered to the immediate upline anyway. So why would your upline want to buy your business?
So IBOs, I ask you. What is your Amway business worth? You don't own your downline. They are independent owners like yourself. You should not have inventory, equipment, employees or some warehouse storage complex. Aside from the ability to add downline volume to your own, your Amway business likely has very little value or equity in the real world. So IBOs and prospects, think about it for a minute. What is the value of your Amway business?
1 comment:
Thanks for the kind words regarding my comments.
Good to zoom in a bit of what a business after all the sweat and expenses is worth. I hope that this blog might encourage people involved in this, to stand back and think, as I am sure it has done through the years.
It is strange that being South African, I am right on the other side of the globe as Hawaii, Botswana is the antipodal country of Hawaii if you google, and that is our neighbouring country. Yet the patterns you describe, and tricks to sign people up, the outcomes, and the trajectory of the Amway brand (read: not very good), are exactly the same! Some food for thought, when we hear and read the comments suggesting you just happened to have been in a bad group.
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