Friday, February 27, 2009

Amway Global - Do Platinums Lose Money?

I read about an investigation conducted by Bruce Craig, attorney general (at the time) of Wisconsin. He concluded that the average platinum in Wisconsin (in the 1980's) lost an average of $918 per year. Granted the study is now a bit dated, but even though Amway bonuses may have gone up, the prices of Amway products and the prices of functions and other related expenses have also gone up, therefore we can reasonable conclude that if a platinum lost money back then, it is quite possible that it still happens. In fact, due to the heavy emphasis on the use of cd's KATE, functions and other tools that cost money, I would guess that a platinum's losses could be much more today!

I have seen many testimonials from former platinums who said they lost money or perhaps, broke even at best. I was at a pin level with recommended parameters, and I was at break even/small losses. I was not privvy to, but have also read of additional functions and expenses once you reach the platinum level and above.

Based on my understaning of tools expenses and some believable testimony, I can reasonably conclude that it is quite possible for a platinum to lose money, mainly due to system expenses.

IBOs who are checking out the buisness or who are new, should take this information and thinh about it. If platinums make little or possible lose money, is this truly a viable business option for you? Also, keep in mind that only a fraction 0f 1% of IBOs ever reach platinum. Can you overcome these odds? Can you build a platinum business without the system?

It is possible, but highly unlikely.

1 comment:

Anonymous said...

Why not check out the all the new money that has been added to the business? What other business can you own without opperating at a loss at the beginning? Platinums make $4500 per month average. If you bought all the tools you would only be spending $100 per month... you do the math.