Monday, January 31, 2011

Amway Pays Me To Shop?

One of the silly arguments some Amway enthusiasts and IBOs will use is the line that WalMart doesn't pay them to shop and Amway does. It's a silly comparison in that Amway is a business opportunity and WalMart is a discount retailer. It is also silly because WalMart could raise their prices 30% and give you a 3% rebate amd WalMart profits would go through the roof. Let's give a couple of examples.

Satinique shampoo costs around $8.00 for a 10 ounce bottle.
Suave shampoo costs $1.99 at WalMart for a 20 ounce bottle.

Even when you factor in a 30% rebate ($2.40), you still come out several dollars ahead of the satinique. Granted, not every single product at WalMart will be cheaper than Amway's, but generally, overall, you will save a lot more shopping at WalMart than you could "earn" by shopping via Amway. Also, unless you are at the 25% level, you will get a much smaller rebate. Most IBO, is they qualify, will only receive a 3%rebate. Also, it would appear that less than 1% of IBOs ever reach the 25% level so those IBOs are not common, and many who reach that level are unable to maintain the level.

For those IBOs who subscribe to "buy from yourself", you could simply purchase $70 worth of goods and hand the WalMart cashier $100 and receive $30 change. You can call that your rebate and be better off! LOL

In my opinion, you can get much better value by shopping at WalMart and using a cash back credit card. Do the math. Not only would you save a lot of money, you can get cashback using American Express or Discover. "Live better, save money" is Walmart's slogan. What is Amway's? So now you know? LOL

Tuesday, January 11, 2011

Another Possible Way To Earn More Than IBOs?

Start a blog! Joecool's blog currently gets about 250 to 300 site visitors per day, although I run my blog as a public service (no profit). Start your own blog and start earning!

The anonymous blogger behind Lazy Man and Money defies his site's name. He works about 14 hours a day on weekdays and then puts in nine hours on Saturday and Sunday. But his hard work is paying off -- his blog earns him enough to support his lifestyle; back in 2008, he estimated his annual earnings at around $30,000. But it's tough for part-time bloggers with full-time jobs to keep up with all the demands of a lucrative blog. "There's simply a lot more [to do] than what the average reader sees," he says.

Even if the blog itself doesn't generate a six-figure salary, it can lead to other money-making opportunities, such as consulting or speaking gigs. Silicon Valley Blogger at The Digerati Life has carved out a successful niche as the expert on personal finance and technology in Silicon Valley. While she says she didn't earn much during the first six months of her blog's life, she received her first $100 check from Google AdSense shortly after that point, when she was getting around 600 unique visitors a day. She now earns money from her blog-related consulting, as well.