Friday, November 21, 2008

Amway Global - By The Numbers

This came from the Quixtar Website:

"The average bonus and cash payments earned by a Q12 Platinum, an IBO who qualifies at the Platinum level all 12 months of the year, were $47,472.*"

A Q12 platinum earns over $47,000. That is a nice income for a "part time" side business. However, I believe that the majority of platinums are not Q12. Q 12 would mean that an IBO maintains group volume of 7500 PV or more, in all twelve months in Quixtar's fiscal year.

While people have achieved this level, it is a daunting task when broken down. If 100 PV is approximately equal to $300, that means your business would have grossed well over two hundred thousand dollars which would only allow you to gross $47,472? In many conventional businesses which includes rent and other operating costs, a business with that kind of volume in a year business would "net" the owner more than what a platinum earns, if run properly.

Also noteworthy. If this Q12 platinum is hardcore and is fully committed to tapes and seminars and other optional meetings and out of state travel (functions/board plans), this platinum may very well end up with less than $20,000 net after operating and other expenses are taken into consideration.

Is this truly the opportunity you are shooting for? My former sponsor went platinum (not Q12) and due to retention issues, has teeter tottered between 7500 and 4000 PV for the last 14 years. He has never broken a silver producer and has probably netted very little for all these years of effort. Are you interested in making a profit, or chasing a pin and some recognition?

7 comments:

tex said...

The average Platinum is no longer a Platinum, let alone a Founders Platinum.

The Platinum is not supposed to be doing all of the work or responsible for all of the volume, either. Where do you get $2 million from?

Most Platinums do have high overhead, for the reasons you mentioned. But it doesn't have to be that way.

I'm interested in profit, that's why I've put together an alternate system.

Click on my name for the tool scam facts.

Joecool said...

LOL - tex is interested in profit so he puts together al alternate system. Why not try selling something instead?

tex said...

LOL - I do sell. This week, I “sold” the following:

Nutrilite® Ocean Essentials® Balanced Health (A8914R9) 3 of these

Swiss Beauty Cotton Rounds (601810R1) 1 of these

XS™ Energy Drink – Caffeine-Free Cranberry-Grape Blast (708912R1) 2 of these

The customer has a ditto delivery set up, so I didn’t really do anything this week to get the volume, the work was done several months ago. I think this is the customer who wanted the products and “sold” their customer status on eBay, which I won for about $10, and they’ve been buying ever since.

Click on my name for the tool scam facts.

Joecool said...

Wow, you're just rolling in dough huh tex?

mike said...

Tex states:
"I think this is the customer who wanted the products and “sold” their customer status on eBay, which I won for about $10, and they’ve been buying ever since."

You bought a customer? Not a bad thing, from what you said.

Question: How many customers do you have?

quixtarisacult said...

Congrats Tex

Joecool said...

Hmm, a novel concept. Sell your product loyalty on ebay. Interesting.