I'm fixing to show you that you don't know as much about the business as you portray.
You present much speculation/misinformation.
Imalawman wrote: Depends on the situation. Let's go back to my example. I was given the line that is taught in the training meetings in quixtar (yes, I have been to several of them). The line was, "looking for people to join me in my web-based business". Then, he wants me to go into business with him and to join a system. We will be tied together in the business and it does require a particular outlay of cash. So my question was, "show your business statements". I did NOT ask for his private records of his own personal finances.
So I happen to work in a larger firm. But when I was recruited by some smaller firms I would have expected to see some financial statements indicating how successful the business was. Larger firms just pay the associates enough not to care - at first.
The answer - if were being asked by a unknown law student in whom I was not interested to see my personal records, then no, I would not. However, if I were recruiting that person, then they might ask for my firm's business records and I think we'd probably show him some simple statements showing the underlying profitability.
I understand your POV, but you are attempting to compare "apples" with "orange. The business of an Amway IBO cannot be accurately measured in the same way a law practice is measured because the IBO does not build their business in the same manner a traditional business such as law firm does. To keep this short and sweet, prospects rarely ask for business records or statements. The corporate sales history is presented, and a worldwide corp. that is doing in upwards of seven billion in sales worldwide is obviously doing something right.
IBO's also show a taste of the "Diamond lifestyle" in addition to income projections. That's really all that is necessary from that stand point. It's not a difficult analysis, and there is no need to make it so.
This is where Amway's marketing arm breaks down. No one really operates like a legitimate business. Sure some of the Bill Britt types and double diamonds do. Otherwise its a bunch of hopelessly befuddled people struggling to make ends meet.
So all of the Platinum's and above (whom are making in excess of 40K+ a year from the corp.) with the exception of the "Bill Britt types and double diamonds" are as you put it, "..a bunch of hopelessly befuddled people struggling to make ends meet."
Many IBO's who achieve the ruby level (twice the size of a Platinum business, to qualify) retire from their "J.O.B." because they can afford to!
A Diamond named Dave Severn, has stated on tape that when he was at the Ruby level (back in the late 70's early 80's) he was netting over $130k from his Amway business.
You really don't know what your talking about do you. LOL ~ Ignorance is definitely bliss! LOL
You're surprised that that's all the direct made AFTER expenses? You shouldn't be. This is the problem. Quixtar doesn't want people to really operate like a business and track expenses and revenue. They would all quit. The "business" is so damned expensive that any sensible person after running the numbers would quit.
Such short term thinking on your part. Lol.
Let's say that it takes someone two years to go Platinum and it costs, for the sake of argument, 100K. Built properly it won't run 100k but lets use that for the example anyway.
Amway Global is says..."The average bonus and cash payments earned by a Q12 Platinum, an IBO who qualifies at the Platinum level all 12 months of the year, were $47,472.*" (see below)
Now that does not include the achievers leadership function awarded at the end of the year, and valued at 20K per Platinum (and above) IBO business, for tax purposes.
Now once you go Platinum, you would have your investment back in a little over 2 years, and that doesnt factor in that your business doesn't stay at that level while your getting your initial 100K back, your business in continuing to grow.
Statistically, IBO's don't quit when they achieve the Platinum level. They continue.
Your "theory" doesnt hold water.
I did not say that diamonds did not any money off of sales, but that is not what is generating the big bucks. Its the media. As early as 1980, Amway knew this was a problem because at that time Bill Britt's income was 70% derived from media sales and not product sales. It has always been a problem to show that the upper echelon's main source of revenue isn't the media.
This should help.
IBO STATISTICS
Independent Business Owners have pocketed $2.2 billion out of Quixtar's $6.8 billion in sales in the form of bonuses and incentives since 1999. IBOs earn income based on business volume resulting from their efforts, using Quixtar's proven Independent Business Owner Compensation Plan. Quixtar does not generate site traffic through advertising, instead rewarding IBOs who provide the “high-touch” element complementing Quixtar's “high-tech” infrastructure.
* IBOs earned $370.1 million in bonuses and incentives in fiscal 2006, bringing their seven-year total to more than $1.72 billion.
* More than 370,000 Independent Business Owners received a bonus in FY 05.
* The average bonus and cash payments earned by a Diamond IBO in 2005 were $146,995.*
* The average bonus and cash payments earned by an Emerald in 2005 were $72,241.*
* The average bonus and cash payments earned by a Q12 Platinum, an IBO who qualifies at the Platinum level all 12 months of the year, were $47,472.*
* The largest annual bonus earned by a Diamond IBO in 2005 was $1,083,421.
* The largest annual bonus earned by an Emerald IBO in 2005 was $688,869.
http://www.thisbiznow.com/quixtar/ibo_statistics.html
Amway itself is a legitimate business that is controlled by a corrupt marketing arm. Amway sells tons of its products, its just that the IBO's are the ones doing all the buying to and bump up theirs sales numbers up.
It's true that the IBO's DO buy a majority of the products, however, to qualify for bonuses, over 70% of their purchases must be resold to their downline and retail customers.
Amway has a "ten customer run". One must sell products at the retail level to ten customers to qualify for a bonus.
And the mere fact that they try and peddle Christianity is what makes them deceitful. Well, I almost divulged who I knew in the business but I'm not going to - the internet is too public. But if you are in the business then you know that a few years ago one of the leading diamonds came forward that they had been divorced and/or separated for years, but went on stage anyway to show how wonderful their marriage was and how great a Christian couple they were - all the while they were living in separate houses. You'll know their names if you have been in the business a long time. That is the evidence of the deceit and lies that are practiced.
You refuse to mention who that individual was. That gives your claim no credibility. Your claim cannot be verified.
Pump up and get the crowd motivated at all times. There's no training in accounting for your amway business -
Oh but there is...WorldWide Dream Builders, a leadership organization made up of Amways Diamonds and above, make available tapes to assist one in the accounting of their business. They also offer a service called "Executive Planners" that assists IBO's in doing their taxes.
But go ahead and join a system that teaches you to recruit your own competition.
True. However, so few people are willing to do what it takes to build a profitable business that the competition is so-o low.
There aren't enough men in society who are willing to work to insure their families future, in addition to the future of their child and their childen's children.
Oh, I forgot to add, the business is fully willable to your heirs,
Is your income from your law practice fully willable to your heirs after you retire/die?