I stumbled upon a well typed up blog the other day about Amway Odds. Like all blogs – this one, and mine included – take with a grain of salt since you probably haven’t met any of these people in person before. You have no way of knowing their motives, who they are and if they have fruit on the tree to be talking about what they’re posting about.
I always chuckle how the big bad Amway cult blogs out there will assure you their experiences are 100% true, their stories completely in context, their opinions – unquestionable! And anyone looking into the opportunity will find these “truths” and take it as fact. Scary stuff. Blogspot and wordpress….very reliable sources to trust, indeed. I would hope that people who have bad experiences in University or college don’t start going off on wordpress about it because that would automatically stop thousands of people who take their negative opinion about schools as fact and not look to educate themselves.
Anyway, enough pokes at those negative guys who post almost every single day about how bad WWDB and Amway are. I did have a point to this post.
Right – this blog post I found – I can’t take credit for it but I liked how it went into details with some numbers. People always ask “what are the odds”? Here’s a great post all about that. Its from 2012 so its about a year or so old but still provides a relevant point of view.
I’ll cut off with a reminder – this is a great opportunity but if you aren’t being taken through an education and qualification process by your potential sponsor and its a hype up / sign up deal – walk away. This business is only as good as the people who will help you. And if you don’t have an opportunity to build a friendship and a trust before you go into business – that’s scary. Check it out, get all of the information your potential upline is able to give you over 3 – 5 weeks and get your questions answered. And if at that point you still have a bad vibe I would say honestly its not a good fit and you should walk away. Those negative guys out there would never say that you were given logical advice by a WWDB IBO though…so maybe I didn’t give you this advice after all….
Family reunion coming up next week in Spokane – going to be absolutely awesome!
Have a great week!
Credit and original post found at: http://amwayexperience.wordpress.com/2012/02/10/what-are-your-odds-in-amway/
“A common question often comes up when someone is shown the Amway business plan, ‘Can I really do it?’. Well if we look at some of Amway’s published statistics, such as the fact that in 2005, .0120% of “Direct Fulfillment IBOs of Record” qualifed at the Diamond level, and claim that your “odds” of going Diamond are 1 in 8333.
First of all, Amway is not a game of chance. Examining odds and comparing yourself to the average person is a terrible exercise for your self-image. Average in the year 2012 isn’t something to be proud of. A recent article on The Huffington Post revealed, “The latest debt to income ratio calculation indicates the average Canadian household debt to be in excess of 150 percent of annual income.”
Now I sure hope you aren’t making the decisions the average Canadian makes. Spending 150% of your annual income is the reason there is such a wealth gap and massive debt problems for most North Americans and the World. I can almost guarantee the top 2% of Canadian wealth does not spend anywhere near 150% of their income, probably well below 100% of their annual income. So stop comparing yourself to the average person, it’s not healthy, compare yourself to excellence and make decisions that aren’t average to achieve it.
But since this post was written to look at the odds lets dig deep into them, any please stay with me on this one. I am going to show you how to greatly improve your ‘odds’ by putting a little effort into this business plan and by making decisions that aren’t average.
The ‘odds’ of your success vary dramatically based on a number of factors. The first factor is, of course, determining precisely what “success” is for you. For example, in their investigation into a proposed new business opportunity rule, the FTC said that MLM company Shaklee reports 85% of folk who join that company do so purely to receive products at distributor pricing. “Success” for a such a person would be placing an order and receiving it successfully!
If this was your goal in joining Amway (and it is for many people), then I would personally count that as a successful venture.
Goal: Buy Amway products at distributor pricing
Odds of success: 50%
50%?!?!? Surely everyone who registers with Amway as an Amway business owner gets their products at distributor pricing? Well … yes (UK&ROI market aside, which has a slightly different model) … however statistics revealed in the Team vs Quixtar dispute of 2007 show that only 50% of folk who registered with Amway ever placed an order after joining.
I’m sure you’ll agree though, that shopping from Amway is not a game of chance. There are things you can do to influence your success – you could for example, actually place an order! Voila – your “odds” have suddenly doubled to around 100%.
Define what success is for you. Going Diamond in the Amway business is not everyone’s goal.
So what are the real odds of success in Amway for various goals, and what factors influence them? Well, clearly if your goal is wholesale price purchasing, then your odds of success are close enough to 100%if you place an order. Just as clearly, someone who joins and never even places and orders products is extremely unlikely to ever make any money. Indeed, I would suggest the probability of success for that group is 0%. Using this kind of information, just like bookmakers with horses, we can come up with “odds” that better reflect reality.
The 2008 Amway Global Sales Incentive Brochure reports for example that 0.3685% of North American IBOs qualify as Platinums or higher – that’s about 1 in 271. Yet we know that half of those 271 never even place an order, so their “odds” of reaching platinum were effectively zero. So …
If you place an order, your odds of being a platinum are about 1 in 135.
The TEAM vs Quixtar lawsuit in California also revealed that only 23.4% of Amway business owners ever sponsor anyone. While I’m sure there is folk who have qualified platinum purely on customer sales, without having sponsored anyone, it’s likely that the percentage who do so approximates zero. So …
If you sponsor at least one person, your odds of being a platinum are about 1 in 63.
Refining it further, the TEAM case revealed that only 12.9% of Amway business owners ever receive a bonus on downline volume. To receive a bonus you must have a downline and at least 50PV of customer volume, plus be at a higher bonus bracket than the downline.
If you qualify for a bonus on downline volume, then your odds of being a platinum are 1 in 35.
Let’s put this in perspective. If all you do is join Amway and do enough to earn a bonus on downline volume, then already your “odds” of being close to developing a business earning $50,000K/yr+ (Q-12 Platinum) is approaching 1 in 35.
Clearly, earning a profit in the Amway business involves a lot more than simply signing a form and paying the registration fee, I hope that doesn’t surprise you. Taking action makes a difference! Indeed, the BERR vs Amway case in the United Kingdom revealed some even more astounding statistics –
- only 6% of IBOs bought Amway products to sell on
- 10% of IBOs make a profit
It’s a reasonable assumption that those agents who made a profit included virtually all of those who sold the product to consumers. If so –
If you have customers, then your “odds” of making a profit from an Amway business are approximately 100%
Amway is not a game of chance. It’s a business. Treat it as such and the odds of success are clearly very good indeed.”