One of the things Amway IBOS like to talk about is ongoing residual income that they believe they can generate thru their Amway business that keeps rolling in, thus allowing an IBO to retire and walk the beaches of the world. But I ask this of Amway defenders. Name one or two diamonds who built their business right and built it once and are now walking the finest beaches of the world while barrels of money rolls in. Over the years not a single Amway supporter has been able to name a single diamond to achieve such a feat. Why is this the case? I would like to think that somewhere, a diamond would want to build the business, walk away and live a quiet but luxurious retirement.
More than likely such a person does not exist. Over all of these years, do we believe that not a single diamond wanted to retire quietly and privately to live a life of luxury?More likely with the majority of IBOs doing little or nothing and quitting, diamonds are working harder than anyone but with a flexible schedule instead of a 9-5 job. These diamonds are working the night or the graveyard shift. They are constantly replacing people who quit and forever recruiting fresh young ambitious IBOs because they have to. Think about it. A diamond business is like a sandcastle. It will stand on its own for a while, but the waves will quickly destroy it and soon enough, you'll never know a sand castle was there. That's how your "residual" income will be. It will be temporary. And it's inevitable with the attrition rate in Amway.
The diamond lifestyle seems alluring, but the reality would very likely show a far different lifestyle and peek into the world of a diamond where you ate always running to and from functions and meetings to hold your group together. It not just a glamorous life of luxury that they lead you to believe. If you don't believe me, name a diamond or two who's living the high life on residual income after walking away from their Amway business. These diamonds are like Sasquatch. Many have seen or heard about them but there is no real evidence that they exist. For this reason, we have seen diamonds passing away while being still on duty with Amway. If these diamonds have collected so much money, why do they shuffle themselves off to function after function? Isn't having to be somewhere at a particular time for money, the reason why people are encouraged to join Amway? To be free? Are diamonds truly free? It doesn't appear to be the case.
Anybody in doubt can just look at it this way.
ReplyDeleteIf the business is not the type that is often sold, it can't be a residual income stream. Making a business something that can be sold to a new owner is much easier than turning it into residual income. If a business cannot run with a temporary inexperienced guy at the helm, there is no chance it can run with no one there.
If the business can't easily be marketed and sold for a handsome lump sum, then we are talking about something intricately linked to the owner. Something that won't do very well if the owner lies low for a while, let alone for most of the rest of his life.
There are many keen investors constantly looking for residual income streams to pick up. If an old guy sells his business, he'll get a lump sum (if the investor is convinced, he'll want to see books and proof) and it would be a win for everybody.
One of your own blogs explore the selling a bit:
https://amwayscheme.blogspot.com/2016/03/the-value-of-amway-business.html
It is clear that neither selling nor walking away with residual income are very frequent occurrences!