I don't know how many millionaires Amway has created. I honestly don't think Amway knows either, except for the owners of Amway who are reported as billionaires. But still there is a myth that Amway has created the most millionaires in the US, save for Microsoft corporation. To be perfectly honest, I am fairly sure that there are some millionaires who can attribute their wealth accumulation to the Amway business. But I suspect that there are far fewer millionaires created by the Amway opporunity in North America than your upline would have you believe.
I googled WikiAnswers to see how many people in the US are millionaires. The answer was 1 out of every 125 Americans are millionaires. It did not specify how much income these folks had, nor did it say what kinds of businesses or occupations were likely to make you a millionaire.
But then again, we can make some comparisons of how many millionaires versus various pin levels. 1 out of about 240 IBOs reach the platinum level where depending on your structure, you might earn $30,000 to $50,000 annually. This is before taxes and business expenses are considered. These figures are approximate. 1 out of about 15,000 IBOs reach the level of diamond where you earn about $147,000 annually. This is also before considering taxes and expenses.
But 1 out of 125 people in the US are millionaires. It sounds like most Americans have a better chance of becoming a millionaire (without Amway) than they do of becoming a platinum in Amway.
Tuesday, May 25, 2010
Tuesday, May 11, 2010
Where Is The Success?
So many IBOs pass through my blogs and they make claims of success. But where is this success? Why aren't there hoards of former IBOs who are collecting residuial income and walking the beaches of the world? Why are crown ambassadors still working all of the functions? Why do so many IBOs make income claims and then disappear when asked for some evidence of their alleged success?
I mean if you look at a cross section of your community or country, there will be retired postal carriers, retired government workers, retired airline employees and a host of other occupations. But as far as I know, I don't know of any former Amway IBOs who have retired in full or even in part because of income they passively generate thru Amway. It might also be noteworthy that Amway the corporation does not promote residual or passive income. This is hype generated by the lines of sponsorship and a way to recruit new IBOs.
I believe that Amway sales in the US has been declining based on the figures that Amway had reported. Thus there is less money going out to IBOs and more than likely, fewer IBOs in the US, and therefore, very likely, fewer big pins.
So I ask, where is the success? Why are former IBOs who collect residual income so rare that noone I know can name even one person who is out there walking the beaches of the world while Amway checks keep rolling in? Wouldn't these folks be as common as retired postal workers or retired airlines employees? Why are they so rare that it almost seems like an extinct population? Where is the success? Maybe there is none?
I mean if you look at a cross section of your community or country, there will be retired postal carriers, retired government workers, retired airline employees and a host of other occupations. But as far as I know, I don't know of any former Amway IBOs who have retired in full or even in part because of income they passively generate thru Amway. It might also be noteworthy that Amway the corporation does not promote residual or passive income. This is hype generated by the lines of sponsorship and a way to recruit new IBOs.
I believe that Amway sales in the US has been declining based on the figures that Amway had reported. Thus there is less money going out to IBOs and more than likely, fewer IBOs in the US, and therefore, very likely, fewer big pins.
So I ask, where is the success? Why are former IBOs who collect residual income so rare that noone I know can name even one person who is out there walking the beaches of the world while Amway checks keep rolling in? Wouldn't these folks be as common as retired postal workers or retired airlines employees? Why are they so rare that it almost seems like an extinct population? Where is the success? Maybe there is none?
Tuesday, May 4, 2010
Joining Amway Is Not Like Joining The Gym!
One of the feeble defenses I have heard from Amway apologists is a comparison of the Amway opportunity to a gym membership. The defense is that you have to do something to get results. On that point, I agree. Except the comparison is ridiculous as a gym is not a business opportunity. A gym membership is a product/service that one can purchase. It seems that many Amway defenders so deperately want to justify their positions that they come up with silly comparisons. Gym owners don't care if you sign up and do nothing, just as upline leaders don't care if you succeed, as long as you keep buying tools from them. A gym owner could not sustain his business if everyone actually worked out every day, and a diamond leader probably doesn't want a lot of new pins breaking because it would take away tool profits.
If the Amway oportunity was compared to a gym owner, wouldn't that be a better comparion? On that point, if you were recruited to be a gym owner, wouldn't you demand to know how other gyms are doing financially? Wouldn't you want to know the likelihood of success if you were to open a gym? Wouldn't you need to know about operating expenses and potential income before you even thinking about buying a gym?
What if you were told that maybe only 9 or 10 out of 10,000 gym owners make enough income to live on? If more than half of the gyms went out of business in their first year, would you still be interested? If the greater majority of gym owners lost money, would you still be interested? If the majority of gym owners lost money, and many lost lots of money, would that interest you?
Wouldn't any investor with an ounce of business savvy look at this gym opportunity and run in the opposite direction? The fact that Amway defenders like IBOFightback use this weak and feeble defense shows just how desperate they have become. They have no defense against facts so they resort to weak anecdotal stories with no basis in reality. It may be why the Amway business appears to be shrinking in the US. The truth cannot be hidden any longer.
If the Amway oportunity was compared to a gym owner, wouldn't that be a better comparion? On that point, if you were recruited to be a gym owner, wouldn't you demand to know how other gyms are doing financially? Wouldn't you want to know the likelihood of success if you were to open a gym? Wouldn't you need to know about operating expenses and potential income before you even thinking about buying a gym?
What if you were told that maybe only 9 or 10 out of 10,000 gym owners make enough income to live on? If more than half of the gyms went out of business in their first year, would you still be interested? If the greater majority of gym owners lost money, would you still be interested? If the majority of gym owners lost money, and many lost lots of money, would that interest you?
Wouldn't any investor with an ounce of business savvy look at this gym opportunity and run in the opposite direction? The fact that Amway defenders like IBOFightback use this weak and feeble defense shows just how desperate they have become. They have no defense against facts so they resort to weak anecdotal stories with no basis in reality. It may be why the Amway business appears to be shrinking in the US. The truth cannot be hidden any longer.
Subscribe to:
Posts (Atom)