Thursday, November 10, 2011

Amway Is Growing - You Heard Joecool Say It!

Our friend Shaun over at WWDB Expeditions Of Truth posted a new article about Amway growth: http://expeditionoftruths.com/2011/11/08/updated-amway-statsfed-presented/

Some of the details:

Figured I’d post a few slides shown by Amway at our recent FED conference. There are some naysayers out there saying business is slowing down, or business isn’t growing in North America, however here are some stats from the horses mouth as it were showing otherwise.

■New IBO Applications +12%
■PV per Engaged IBOs +8% (I’ll assume engaged = active)
■New IBO PV +7%
■$50 Fast Track +30% (Fast Track program is now a full time program and has expanded)
■First year renewal rates were +2%
■Highest qualification growth rate for the US since 2003

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Joecool's commentary: Okay, so I am no longer of the opinion that North America Amway is shrinking. What I find a bit odd is that Amway stopped reporting North American sales seperately from Global sales (Because Amway was shrinking in North America???) But what do these figures mean?

Does it mean that today, IBOs register and do something? Or do most people still sign up with the vast majority "doing nothing"? Are IBOs more profitable? Not necessarily. I read recently that the "average IBO income" increased, but Amway did not clearly delineate how they arrived at the number. Maybe they just discounted more "inactive" types of IBOs in their calculation? Maybe they actually paid out more bonuses? However with their compensation plan remaining the same, I would venture a guess that the rate of IBOs going platinum is still a fraction of 1% which makes Amway at best, a questionable business venture. Maybe the Amway sales increase is simply from their significantly raised prices on products and shipping?

So Amway is growing. It's great for Amway and the DeVos and Van Andel families. How does that translate for IBOs? Are you making more than $10 a month? Have you sold products for a profit? Have you made net profits or are you reinvesting all your bonus and more to attend functions and buy tools? Amway might be growing but that doesn't do anything to suggest that IBOs as a whole are better off.

4 comments:

ExAmbot said...

Scamway is growing, big deal. so what! like you said that's good for the owners. it does nothing in terms of dollars earned for the ibo, the bottom line. that will be countered that it's proof that people are looking and ibo should be out there STP to develop a big "business." this was tired mantra that anyone who was upline to somebody always peddled in the hope of getting his/her downlines to do more.

Anonymous said...

I received a $574 dollar check my first month in business.
My next check is looking to be around $700. I have re-arranged my finances so that my expenses are covered and I'm actually MAKING money. So what, I don't eat takeout anymore, I don't buy blu-rays, I don't go out for drinks. It's called being responsible when you have a goal.

My question to you is... how can you be online, spouting off negative about a business you clearly don't even understand?
Because if you had great coaching (like I do) you would understand EXACTLY what those numbers mean.

Quote: "Joecool's commentary: Okay, so I am no longer of the opinion that North America Amway is shrinking. What I find a bit odd is that Amway stopped reporting North American sales seperately from Global sales (Because Amway was shrinking in North America???) But what do these figures mean?"

It means that here in Canada it's about helping people build a legit business, helping them be smart with money so that they actually get out of debt.

I'm sorry that some screwball signed you up to build a business and did not teach you to be money smart. It's really sad how people have a bad experience and give everyone else a bad taste about it.

Sorry that it didn't work out.
One word of encouragement to you. Whatever you do, be in Amway or any other opportunity, keep at it, never look back... that is what will take you further in life!

Good blog, but a bit of a warped perspective.

Joecool said...

Hi anon,

What you obviously don't understand is that Amway can grow but it has no relationship to an IBO's profits. In fact, the more Amway grows, the more likely is is that IBOs are losing money. The system is built that way. You just don't undertand it.

BTW, care to explain how you made $574 in your first month? It sounds like BS to me.

Anonymous said...

Anon Nov 26 poly confused a loss with a profit. My upline claimed he made $3000 a month from amway, yet he drove a shitty car. IBOs are world class frauds. Fake it till you make it. IBOs will be faking forever.