Thank you for being a professional and discussing the major component when doing due diligence and breaking down the comp plan. Millions of people struggle to grasp that this is the only deciding factor to determine whether or not you should decide to embark on a entrepreneurial journey. Even in traditional business you wouldn’t borrow a million dollars without knowing how you will pay back the loan. Network marketing is the only industry where that goes out of the window and in true fashion since it’s regular people who are being propositioned with no business background whatsoever. This compensation plan is flawed. 30yrs ago a high net earner realized and took the best part of the plan and removed all of its flaws to create over a 104 consecutive quarters of upward growth even during the recessions. How? Because understanding the business model first and how it functions for the average person will determine the success of a business.
@marcallard510 ... NOPE. Not a pyramid. In what Pyramid does someone below the guy at the top make MORE MONEY than the guy at the top. Social Security is a pyramid. People coming on after the first person are paying for the first person. A company you work for is a pyramid. What employee makes MORE THAN THE CEO? None. You don't understand this and the narrator of this video does not either. TOTALLY OUT TO LUNCH. She just cost a lot of people their chance at an opportunity to raise their income, because she "EXPLAINED" it all.
Ja ,und heute bewundert Millionen Menschen weltweit!! was ein Weltwunder astronomisch und heute in der modernen Welt nicht möglich nachzubauen , denk mal drüber nach was ein Meisterwerk!! Und sklaven konnten es niemals bauen ,what a Dream Team
lol this doesnt explain anything. just how the numbers work. mlms aren’t the issue. leadership and how people scale their business is whats lacking in a networking model. amway is genius. the fact that this girl said its not for me, is an employee mindset and statement . all business owners need to scale, plain and simple. how you scale and the integrity of it, is the issue. owners scale with employees and buildings and products and services. amway allows you to leverage their compensation plan and collaborate with other entrepreneurs. but most people build it like a “mlm” or a pyramid structure business which i reality is your job. you work a job. your marketing, or recruiting, or helping them create dollars . lol. the guy at the top makes the most money in a job. here, you can out perform the person above you, below you, near you, thats called performance base opportunity. either way, dont get into business if you don’t believe in the free enterprise system of creating income and adding value to the market. i run many businesses and amway is a company i leverage but i partner with a leadership system called world wide group in north america but they are world wide now. my experience isnt most peoples experience because most people shouldnt be in business for themselves. employees are the ones putting a bad name in all of business. oh and ive been to every meeting there is possible from real estate to insurance to networking opportunities like amway. amway is just a product based distribution. they dont teach how to run the business. focus on the people who are helping you run the business. thats what makes the difference. if im trying to be a professional basketball player. its going to help the NBA. anything else isnt in the same conversation. thats what most people run into. hope this helps and you shouldn’t convince people to be in business nor should you “get” people into business to benefit you. thats what owners do in the pyramid structure business do. they hire people to help build their dreams and their futures. plain and simple. job people will only see what they see as a benefit. business people see what they see and that’s opportunity
Correct me if I'm wrong, but this is ONLY based on a TEAM purchasing there OWN PRODUCTS. Not including customers who purchase products that are not IBO? Also, the top person technically makes more but if you are a better salesman and beat/sold more than your sponsor the difference would be small to none right? That's how you make more than them? It's just marketing! If you are able to gain traffic to your business than you should be good! Let me know what you think? Love to hear other people's perspectives!
Before joining Amway please research videos that are against joining Amway. You deserve to make an informed decision, just take the time to do so. People making anti MLM videos have NOTHING to gain from trying to stop people from losing money. The only way you win in an MLM is scamming others, the people at the bottom of the pyramid lose money and you will run out of clients to sell too.
what you said is pure bullshit. The Networking marketing industry is over $350 billion worldwide. If it was a pyramid and scam Warren Buffet would NOT be owning 4 of them. They also have to adhere to strict guidelines in each of the 50 states if an AG finds it is a pyramid they are shut down....There are many legitimate solid companies in the Network marketing space that are NOT pyramids. Educate yourself before making statements that make you look like a fool. I am not in Amway but in no way is it a scam. By the way we are world of 7 billion people one never runs out of clients to sell too.
@@jonnelson1481 Clearly you've made all these statements on so many assumptions. 1. The valuation of these companies don't mean SHIT they can be worth BILLIONS but who actually owns the money? The people at the top. 2. You mentioned there are strict guidelines which makes it legit, and the fact that they sell legit products makes them able to conduct business. Again you assumed that there are regulations but they dont mean shit when the business is conducted exactly like a pyramid scheme. Money going to the top. 3. You made the assumption that you can sell to 7 billion people, nope, you cant sell to every single person( including yourself) a crappy product. So you CAN (and will) run out of clients. But lets make an assumption you can sell to/recruit 7 billion people, by recruiting 5 people each time it only takes 15 cycles of recruiting to exceed the world population (do the math). So yes, even if you sold or tried to recruit 7 billion people thats merely not enough. So what you've said is nothing short of bullshit.
@@jonnelson1481 you do know that such companies exist because of a loophole. They “sell” something thus they’re legal. If you’re in one of those “businesses” I hope you leave. Because some people are truly brainwashed and lose all there life investments and many people do as you did and defend these MLM’s because they can’t face reality.
i did couple of days ago, just did like 5hrs of my own its not worth ur time or energy, only 9% channce of u making any real money and u wont be able to step away because u cant afford to loose ppl. so constantly have to be doing this just like another job... look up the stats on this, its not wat they tell u, just feels like they sell you a dream that u want and % is just so low u have to almost get lucky but over years and years of constant work, when u could just own your own thing and u dont have to have a dice roll.. way see it, seems way to good to be tru then look at it and go...oh that makes sense now. the turn over rate is crazy aswell, speaks to it. just way more legit things out there then this. i am gonn keep looking instead sady shit
The biggest issue it seems with this model is not the products it’s retaining the actual people to stay in you line and to also keep the people in their line. Generally if you has 3-4 people in your down line with their own 3-4 people in their own business then it starts to earn but considering most people get fed up with the model and retaining their lines. If you had one of your line leave with 5 people in their own down line that’s people you need to recruit back not easy considering how much effort and time you may have put in to get to that position
Yes you have a good point here. People are well, people, and probably will change products they buy to try other ones or cheaper/better value alternatives to suit their needs etc. Once you recruit someone, their position certainly isn’t guaranteed. Thanks for your comment :)
@@EliseHewlett Considering nobody is actually paid, aka a wage as such, and the addition costs of apps registration, running around its difficult. However I have seen a lot of new people actually do it from a web page and not run around, use Zoom, and treat it like a shop, not a recruitment drive.
That's business. Customer retention is an ever going process. Well established Companies like Coca Cola still pay billions in marketing and advertising to stay relevant. Companies come and go because of a loss of relevancy. Even social media influencers and celebrities lose relevancy. Amway tries to make things as cookie cutter as it gets to streamline a process that most people with the right mindset can follow. Mcdonalds has franchises and franchises can still go out of business. Building a business at the start takes a lot of effort. Maintaining the business doesn't take as much effort to get it rolling, but there is still abit of effort involved to keep it rolling.
It's a completely different concept if you consider it a retail business. In that you sell $800 of product to customers per month. Figures are all different. Running a business is not about buying stock and keeping it yourself. It's about buying stock and selling to customers. Small business is about selling, not buying. Buying and keeping is not a business. Retail is business. Learn to sell and then teach others how to sell.
Unfortunately not all that are recruited are learning to sell. Setting the expectations of what that looks like upfront is necessary to challenge that individuals decision to make an educated choice. “This is what it would look like if you don’t sell”
Even if you sell, your only getting about 3% to 20% which means you have to sell about 10,000 per month to make a living. Not a very good incentive for the new guy at the bottom of the pyramid. That is where the real problem is.
@@jvaldez1896 you are building a business, not working a job. So it will be difficult at the beginning when you only have yourself. But the best thing from Amway is you will get educated of how to retail, how to build your team, finding people and training them to build their own business as well. It’s a duplicable business and when you get it done once, you done it for your whole life, and even pass it down to your next generation. You don’t need to make $10,000 revenue by your own (you could, but not necessary). Once you have your team, your PV will add up and your incentive will increase. Amway has updated more incentive so you can earn more money lately. Work hard and smart
@@vuthien8889 like you said "once you build your team" the problem is that in network marketing most people don't build their team for years. So the business here is basically building the team not selling the product. And that's fine I'm not saying there's anything wrong with that. But there are other MlM companies that pay you enough commissions to make a living on the products until you can build that team.
@@jvaldez1896 you can sell the products to make extra money on the side, of course if you go this way you will have to retail in order to make money. But if you want to build a foundation to your future so you can get off the path of trading time for money, you can build your team. It’s just like how other business owner have hundreds of people as their employees, and the employees work for them. If you choose to not having a team, you are just like a self-employee, people who own small business with not many people in their team or employees will have to work hard everyday to maintain their small business. Duplication is the key in every successful business, you cannot work for your whole life, then why not teach other how to do it and you get some % back as a return when they can run on their own? This is basically how franchise business work as well.
You explained it so very well. one thing I've learn is that numbers can not lie, and you are right it is a type of mind set you need to have and also information if one is gonna step in this type of marketing. The way I understood it with the mindset I have is that I can make those $400 that I would have spend anyways, make me $5400 every month if I can help other people do the same and understand what I understood or I guess in the way that I understood it. Cause if only people would have understood it a couple years ago, maybe people would have been better off financially when this pandemic hit. I most definitely agree with you, I my self definitely don't spend $800 in products that's a lot and with everyone losing their jobs and being on unemployment, I don't think people would be able to even afford that right now. Thank you so much for this video.
Elise Hawlett not giving the right facts...Surely 3 million Amway Business Owners around the world are not stupid...I suggest learn from the right people...I have been 37nyears in Amway, It is the best compensation plan ever.....your downline can supersede you if he works harder.....you are rewarded according to your effort...find out from the right people, Amway already 62 years , a company with no debts...
@@annaleong4705 yeah, at the expense of preying on your friends and family. the condescending "know it all" attitude of every single person that vouches for or represents amway makes me believe the culture of the company is actually disgusting and toxic
You “can” make 5400 dollars, but that is extremely rare. Even if you work you’re ass off, it is extremely difficult to recruit people to a pyramid scheme. There also isn’t much of a market for their product. Most people are more comfortable with buying from Amazon or the store down the road.
@@annaleong4705 you are really deep into this I truly hope you soon realize the way you’ve been scammed and the way you’ve scammed others. A lot of people who defend anyway And other MLM’s are those who’ve invested everything thus are afraid of realizing that they’re not actually getting what promised.
It's very rare to have more than a few front-line people in your downline, it's much more common to grow the business with your handful of downline have their own downlines. It's not as profitable but it is much more achievable. Also, if you calculate the payout from the bottom up, the calculations are a bit easier. However, what you described is the gross profit, the thousands of dollars/year of overhead costs mean most people will be losing money at any given time, most people quit within a year or so and need to be replaced just to stay at the same level. It's a lot of work to keep a scam operating.
I see a few people commenting: "why would you discourage other potentional business ownerss!!!!" and I'm like "... you want MORE competition for the same overpriced products???"
They’re not overspending, their redirecting where they spend the money. People spend most of the check at Walmart and target for consumable goods, why not just run that through your business and get money back?!? Build an asset for yourself and not a corporation. That’s an E quadrant mindset you have.
@@christophershaw5900 False. The products Amway sells are way over priced. A 24 pack of their water costs about $46 plus shipping whereas I can go to walmart and buy a 24 pack of bottled water for about $5. Everything else they sell is ridiculously expensive too and not worth buying.
I made it to 15% in 1994 and the money was pretty good. I developed a ton of self--confidence from the self-development system and I have no regrets whatsoever, because I replaced a crappy government job on 18k a year, with a 40k teaching career. However, this 'new' plan is terrible because during my time, I would receive a percentage of the entire group - and not just a percentage of my own spending. So whereas Bill gets 9% back from his own spending, I would get 9% of the entire group PV. Not only that, it appears that distributors pay a single cost for products and are expected to sell them at that same 'retail' price! I was able to purchase my products at wholesale and sell them at a 30% mark-up for retail. It seems to me that the business model has changed dramatically - so as to benefit the corporation and not the distributors. The products are superb and I would still order them today, except that I don't want some crazy-positive distributor dropping in for a three hour coffee.
@@Whydoyoubanothers Hi Scott, all I know was that our UK group existed under the umbrella of International Business Systems (IBS) and our line of sponsorship was - Scriven, B O'Brien, JP Harteis, F Harteis, Dexter Yager - or something like that. Personally, the tools cost me roughly £40 per month (for one tape of the week, one 'red' leadership tape and one book of the month), while income fluctuated from £300 to £500 per month. But for me, the most important item was the self development of myself. However, the first year was mostly money going out and I reckon to have paid £500 for functions and tools during that first year. Hope that helps.
did you keep going or did you stop? if you stopped, why did you, if your money was "pretty good" and you improved your self image? I'm just interested because im new to amway. Thank you.
What you have is valuable. You don’t have to take my advice, but I’d say you should be the seller and not the buyer. The key to the compensation plan is filling it with people who have been run through a filter to insure they’re people who recognize, and value the opportunity. Many won’t. You only need a few who do. Let this information you know very well get filtered into the motivated, hungry individuals who deserve it. Go diamond 💎
You're not including Customer volume that would be part of the $800. With 4 customer @$100 leaves you with $400 a month that includes cost of samples so that you can service your customers.
Let's do some math and real analysis. Back when I saw this business for the first time in 1996, Amway generated close to 7 billion in sales. 25 years later, they're not generating a lot more volume. How does a business model that is predicated on signficant exponential growth before good money is made for new distributors work well if the main corporation has not even grown at the rate of inflation over 25 years? Is the corporation not positive enough? Not working hard enough? Why do they tell new people with little in the way of resources to remain positive and achieve results that people with power and money cannot?
Listen if you simply bought $800.00 worth of profit and flipped it you would get $1,600 dollars. Repeat Repeat Repeat. Don’t use the damn product the first 6 months . Just sell and double and grow your clients. You could easily get 50K in Revenue . This would mean your BV and PV is sky high.
As someone who's been an IBO carrying member since 2003 (and actively built and attended meetings for several years) I have to say you just showed the Plan alot better than even some of the pins (Platinums or better). I like how you were unbiased in how you showed this; gave a summary of how you viewed it; then gave a short, concise, but non-condescending reason why you chose not to participate. I still use some of the products when I can (XS, Nutrilite, the skin care) but in terms of building have been focusing on other ventures (I won't rule out a return down the road though). Wish more channels could be as unbiased as this! #SocialMediaNetworkMarketing #iCommerce #NeedToDecideYourGoals
The whole thing is a scam and 99.99% of people either make no money or lose money. If you are one of the people who happen to make money, it’s only because people in your downline are effectively “losing” money by spending so much on junk products to begin with. I’m glad I’m out of Amway.
Prsonnaly i don't think that i can make finanbcial freedom with this plan , it is like a monthly subscription , i don't know if i may be wrong and misunderstood the plan or i have to purchase products just so i can keep working thank god i am working where the plan is more simple and rentable and i don't have to purchase a product only once.
I lost over $4,000 in Amway, I would stay away from this MLM business model. I left over 4 months ago, and my upline still messages me like a crazy ex. I realized I was brainwashed to think positivity, positivity, positivity, but that’s only so you can stay and keep making your upline money. If you’re new, stay away from MLM’s
Wow, I am sorry to hear that John! At least it wasn't more I suppose? That's not much consolation, I know, it hurts not only how much money but also time and effort people are putting into it... and for what :S
I am from India. Studied only 8th grade Joined Amway in 2017 with my wife after our marraige Now we are Sapphire in Amway. Reunderstand this beautifull amway biz and grow in life. Or you must be made for some other INDUSTRY. which is 100% great.
My problem with Amway is how they pressured you to buy the books, tapes and go to all the rallies. This is how much of the upline makes money by getting a cut of that business. If they instead would help everyone get on auto-ship for the actual products that they would use like cleaning supplies and personal care people would not drop out at such a high rate.
Hey Elise I have a question, someone is introducing me to this business and of course I haven’t spend money, so I just want to know if you think this is a pyramid scheme?
If you want a black hole that sucks money from your account while you work really had for that black hole to even exist, you should go for it. Or if you enjoy money, I'd say steer clear of it and just go get an actual job.
I haven't done Amway for many years so I'm not "brainwashed" as so many people like to put it but it's really not a bad business, it just takes a lot of effort like almost anything else worthwhile in life especially starting from nothing. Real residual income is difficult to create and with Amway it's no different but it's doable. If it takes 10 years to create $5-6k a month of residual income that just keeps coming with little effort, it's worth it. 5-6k is an average income and most people could quit there 9-5 at that point. I wish I would have stuck with it, I was very young when I started. I met a few people that were successful and it took them many years but apparently them being "brainwashed" was a good thing.
I get what you’re saying, but I feel like it’s generally a bad idea. The business model involves having to manipulate people into joining. The fact of the matter is that the vast majority of people won’t be able to recruit enough people and they will ultimately suffer financially.
@@rafterman5072 If anyone is being manipulated that's on them. And I mean both parties but especially the manipulator if they are actually deceiving people on purpose. But the business model itself is very simple and anyone should be able to see that and make a decision. Buy stuff and get others to do the same. I think one of the main problems is people are simply not ready for the commitment and investment. Doctors and lawyers do Amway and doing their monthly pv may be nothing to them but someone making $10-18hr the monthly pv is a big chunk of their income and to add people's bad spending habits like social drinking, restaurants, Starbucks etc. most people are not ready to build a business. Add to that poor people skills and yes people will waste time and money. Amway can help develop people as well but that's another story.
Thank you for the well-made video and the concise explanation. It helps me better understand the compensation plan and business better. Actually, in a sole prop traditional retail business at household and health supplements price points, I'd need to have a ballpark clientele of between 300-500 customers consistently spending about $100/month at 20%-30% gross profit margin to earn $4200/monthly or $50k annually EBITDA after deducting operations expenses, roughly that is depending on which country you reside. I might be off a bit in my calculations, but it seems that it ( AMWAY) does offer a good system. A simpler business model and operations ( a traditional business would have a lot of moving parts to contend with) with a reasonable amount of clientele( customer or sales team ). I do agree is not for everyone, it's a matter of what inconveniences that we are prepared to face and what conveniences to let go of. An Amway business owner probably needs to overcome overwhelming emotional challenges to succeed ( the reason for resistance) compared to a traditional business but without strategical, operational, and management headaches, just a straightforward, simple business model operation. Just My 2 cents. I don't need to be right here.
This video is from someone "who almost joined Amway." It's. like taking advice on being a dentist from someone who is a school teacher but they happened to visit the dentist. Their view will have some truths but be overall inaccurate. Here is some perspective on how the compensation plan actually works: The differential bonus is correct and it is a simple model. I don't know anyone who just spends $800 a month randomly on products. People take whatever their budget is that they are ALREADY spending with similar products and buy it from themselves instead of a competitor. We don't spend extra money that we don't have and if someone told you to too that, it's wrong. It's money we were going to spend anyway with other companies that we just redirect to support our own business instead of Walmart. Secondly, the points can be generated all through sales and zero personal use. I know people that make a six figure income (it is far from passive income) but just through selling Amway's agricultural products. Finally, Amway now comps the cost to get started. As someone who owns a traditional business, I don't know anywhere where I could start a company for $0 dollars. Here is why Amway gets a bad rap: people don't treat it like a real business. They treat it like a hobby. Any real business would be way more overhead and take years to become profitable. Not to mention, there are ENORMOUS tax benefits... Not all income is created equal. An even in this example of generating 5k a month, compare that to investment income. I would have to have 1.2million in a portfolio at 5% to create the same level of return. Plus, the income with Amway is able to be willed three generations estate tax free. I digress, but just wanted to show the otherwise of the coin.
It's not only house hole products, you have health and beauty as well. You can also sell products. I am single as between beauty products, vitamins and supplements, house hole and the things I sell, I easily make 3% to 6%. 75 people is the idea, and it is a recruiting and team business. The compensation is not based on what you "buy", as much as on you sharing the concept with others. There are other items like your electricity, mob, health insurance, car rental that will help[ you build the point value if using the partners store. So in summary there is much more than what you mention here. Look into it its a great opportunity if you do it the write way. All the best. Be Blessed
Question: I am new to Amway and confused if it is what I should invest my time in. Who catalogues those that were brought on to your team if they are all busy building their own businesses? how do you still earn money from them?
so i almost started amway, and i soon realized that you have to do the same amount of work as in a normal job, its not something thats gonna magically generate money while u sit back and do whatever you want.
If you don’t want to do it, don’t do it. But don’t spread misinformation just because you don’t want to/don’t understand how it works. Scams don’t last 60+ years, just rumors from quitters who couldn’t/didn’t try to make it work for them.
@@drshortstuff4824 Be wise. Don't talk about what you don't know or understand. If you want to know what is a Pyramid scheme, take a look at your JOB. It's impossible to pass your patron.
Thanks for your quick math skills. Numbers don't lie. Seems to me there's a need to prey on recruits/down lines. Essentially you or your recruits are the consumer of the business.
Elise! Thanks for making the video. The only thing I would like to add, so maybe it clarifies the business model a bit more is the word replacing the word "spending". You mention that Bill and his team are all "spending money on products". The essence of the business is selling. So even though they would all be using a portion of their income to buy amway products, just as they would to buy dish soap from any other business, most of their PV should come from selling. Showing it this way makes a bit more sense when you look at the percentages you're being paid for your downlines. Instead of "getting back" money, they would be making additional profits on sales, and also earning a percentage of your downlines sales. It's important to remember that profits come from sales. Savings comes from spending better. With Amway, you can do both.
The VAST majority of distributors have no real idea of what 7500 PV (direct) is. It’s about $50,000 (BV) per month? Building this is beating a dead horse. Market/local saturation occurred decades ago, and absolutely will block you from sponsoring in any meaningful way.
You don’t have to pay anything monthly to stay in business. You can do nothing for a year and let your registration expire if you want. You have a yearly fee of $60 for business registration. If you want to make money with your business, though, you sell products to customers. If you want to buy products for yourself, you get a tiny portion of it back if that’s all you do because it’s not meant to be a wholesalers club. It’s meant to be a business. The only reason a team would suggest buying your products is if you actually want to do anything with it. Because buying and using your products allows you to talk about them with potential customers & allows you to give samples to them. It’s a business and there’s nothing more to it.
You might want to edit "a simplified manor" to read "a simplified manner." If memory serves, a manor is a piece of real estate whereas "manner" is the intended descriptor.
In 2021, 33% of all U.S. registered IBOs had no reported sales, did not sponsor another IBO, and did not earn any compensation from Amway; 62% of all U.S. registered IBOs in 2021 received a payment from Amway in at least one month for sales that occurred during 2021. Of the IBOs who received a payment from Amway in one or more months here is what they annually earned before expenses: The Top 1% earned $87,901 (average) and $55,264 (median) The Top 10% earned $14,537 (average) and $4,645 (median) The Top 50% earned $3,414 (average) and $631 (median) That’s straight from the Amway website.
Depending on where you're at in the process of building your business, whether its Amway or not, those numbers can actually be quite significant when you factor how passive the income is being generated. Before starting any business, one must be deprogrammed from the worker mindset. The financial problems that alot of people face tend to be a lack of financial literacy and proper skills to flourish in a capitalist society. Don't forget that Amazon operated at a loss for years and many other companies have. Perseverance always prevails.
@Eliza D lemme guess... you also believe web3 business model is a scam? MLM is a business model that people tend to relate to scam. I'm not blinded by anything. Life is a game. Figure out the rules and win. Call it what you want. I don't think its a scam. In fact, create your own white label product and compete with Amway. Maybe you'll get better results than what you've posted. Maybe you won't. 😉 The fact that you've posted those numbers as if it was a "gotcha" moment speaks a little bit about yourself.
@@Happy-go-luckyTV listen buddy just go on build your little business and stop @ me Idc I know this is scam!!!!! And it’s not about the “products” like they can have the best f ing product in the world and still operate as a unethical business model. Don’t bring up products this is about the products. It’s about recruiting people.
Si se gana tantos dólares con solo este poquito de personas que hasta podría dejar el empleo desde ahí. Se imaginan cuando se vuelva viral ? Es el negocio Perfecto
To those saying, “the people at the top make all of the money,” 1) In which business model MLM or not does the CEO make the same or less than you? 2) When you go to work for someone else, who makes more money, you or your boss? And who makes more money, them or their boss?
You can buy comparable products of same or even higher quality than Amway products for much cheaper at Walmart, discount stores, Amazon and save hundreds of dollars. So instead of spending $800 to make $72 and hoping the people you recruited are also spending a lot on Amway you can simply buy comparable products and save $300. If you buy Amway products to sell it's a tough sell because you can get similar products at Walmart for a lot cheaper. Your cost for the Amway product plus your up-sell cost to make a profit makes those products very expensive. No need to screw over your friends and family to make a buck.
I agree!!!! When looking at what other products are available on the market it’s hard to justify choosing the products offered by Amway, in my opinion.
Your numbers are off. 1st you don't need to buy $800 worth. You can buy whatever you want. The percentages changes and it gives differential to you and everybody else. And you only need 3 to 6 people for higher qualifications. But like in life business are not for everybody and people have their own choices.
I can see why Amway makes billions every year from people like you and your recruits.. you don't have a business, you work for Amway!! I guess you'll say you have a B quadrant mentality 😂😂 Did Amway for 2yrs, I sat down with a true friend who told me one sentence "dude, if you put the same amount of 'Amway' time and effort into your own thing how far do you think you'll go?" The one question that changed my life. Picked up myself and started putting time into my hotel services business that I've always wanted to do. Fast forward 7yrs later and very proud of the outcome operating in three countries, wife left her FT job, family members also joining the business. If Amway works for you great but it's not a business as you guys call it. You simply hustle and recruit more customers for Amway!
Do you get scam by bringing people and the people who invited you take or steal the people you bringing in to consume the products ? Should you involved a business attorney ?
Amway partners with dozens of high profile companies don’t you think companies like Apple and Office Depot have experienced lawyers that bet the practices of this company before partnering?
Using the Coinbase debit card to purchase Amway products (or any brand) gives wild results. Coinbase pays rewards. I got $30 got spending $600 on the debit card, which was just my rent. Considering the price of products sold by Whole Foods, Amway products are looking competitive. I would say the secret to selling their products is to find products that your customers will enjoy forever. For example, I have been using the Card Blocker for 25 years. I am not even a distributor. Their carb blocker is just that good that I am compelled to keep buying it. Their products are of addictively high quality.
I like to think of it as being around of a lot of positive people that are successfully doing the MGM method like people like me. Use this as a hobby (if you have the money to waste) and can potentially make money. It’s like being a UA-camr but you get lucky but your wasting time😆. It’s only for the people that want to build up the skill. Mark Cuban said mentors are basically shit , he learned from mentors flaws. Who the fuck do we learn from than if he won’t give us the million dollar question!? It’s a long process but if you can put money into MGM and use the knowledge they give you and apply it. Your bound to succeed.
I like how well you broke down the math. However, your are absolutely wrong when you say that each independent owner has to pay $800 a month on amway products. You are selling products to people, you don't have to spend your own money on the products if you don't want to.
Forget the business model, it’s the products that matter. Honestly it’s so overpriced for what they are offering. Some products are not in stock. Much easier to head to a supermarket and find what you need and stock up on it. Also, there are so many outlet stores that sell the same products as the supermarket for much cheaper. And if you want to earn returns, buy your groceries using a credit card that has a rewards system in place.
PROBLEM: Most recruits quit on you, only a couple out a dozen will hang around more than a few months. You really need to recruit SEVERAL HUNDRED folks over time to find your 75 to get the 50K. Here's amother fact, most folks will NOT hit their PV/BV goals (I speak from great experience), you'll likely need over 120 folks in your down-line. GOOD LUCK.
@@divinelyautistic If you haver the skills, personality and endurance you may get a 1/1,000 shot which is pretty good for Amway, but that is really your odds unfortunately. *I did learn alot of verbal & other skills BUT the what I learned the most was how to deal with rejection, AND BOY is there a lot of this in Amway!
I'm about to start this, I'll give it a year and Not going to Every week meeting 8pm to 11pm. Meeting every bloody week is crazy, almost cultist in my opinion.
If you don't associate regularly with like minded people, stay around your broke friends and treat it like a hobby, you will never succeed. Shouldn't have started in the first place.
So if Mary and Val and George and etc! Have people behind each of them! And those people buy the products from amway too! Will the PV add all up from everyone! And then BILL will get the most benefited one?
@@DreamBig-rg7zk homie it’s a scheme. There’s a lot of people who defend their companies such as acn, amway, IM Mastery Academy, Herbalife. The vulnerable people who put a lot of money into this and in return get nothing. Those people try so hard to defend it because they’re scared to see that they’ve actually been scammed and are literally losing money. Now yes all companies/business that started out small and are now bug always have that one person at the top. But there companies that are not MLM companies that don’t scam there employees. These scams such as amway try to promote a passive income scenario of owning a side business and there are other extreme MLM’s that promote being an IBO. Only those at the top will benefit.
There are so many things are you missing from this abscure view, like multipliers of which there are many. This is quite basic explanation, bottom level Elise. I don't spend that much a much a month on products, just $400 per month and do have this returned to me from the compensation plan, and so do people in my downline. It's an enterprenuerial model. It's also very fair and depends on the effort of those involved. Downline can certainly surpass upline with effort. That's the fairness of the model. Women are not marginalised or paid less either. So very fair. And the products are exceptional, especially the supplementation. So whilst I appreciate your efforts in explaining part of this, it's not the whole view. Infact, no where near the whole view. This business had been around for over 70 years, has a 90 day money back guarantee on all products purchased, is a willable item to children. So as usual, not the full story.
This is all wrong. She left out customer sales, the discount that IBOs receive and all of the additional bonuses that you get on top of the standard compensation.
Such is life. Welcome to consumerism. Atleast you get a lil something something for shilling. All products factor in cost to produce and market. Choose your poison. You're either a consumer or a producer. For most people it's hard to produce. Atleast Amway lowers the barrier to entry.... If you're a hater, you better be a producer. If you're not producing and only consuming, step away from the keyboard and start producing. Doesn't even have to be Amway, but its pretty low barrier to entry IMO.
Are you try to get more traffic and leads? Network marketing is a great way to make money, but you need to learn marketing. In order to make sales. I love teaching people how to succeed in their network marketing business.
It all looks good on paper, I did this back in the 90's, not one person I ever met in the "business" ever made any money in the clear. From what I can see the same people at the top are the only people making money to this day. My advice is to stay away from this, its a terrible trap!
The products are amazing and I meet wonderful people in team meetings. I only buy products to myself and sell to my family and friends :) that's enough for me :)
The only anyone need to know about Amway and any MLM aka to run as fast as you can. If your main goal is to sign up other members and go to pep rallies and listen to motivational tapes on how rich your going to be RUN!
So if you sell all the amways products you are forced to buy each month you get 8%. If not you are stuck with crappy product and just have to but more next month.
You did a great job explaining how ludicrous and insane the Amway concept is. Not sure how anyone would spend even $50 a month on cleaning products! Or even spend that each month as a large container of laundry detergent lasts more than a month as does dish washing liquid and bathroom cleaner. Each of those last about 2 months - I have a large home. For all of the above I would spend about $25!!! And not per month! How could anyone even afford to spend $800 per month of cleaning products???? You have to be a moron to sign up for this or be blinded by greed and gullibility to be fooled by the mentor explaining all this for you!
It sort of depends upon how you're marketing it. If it's sold to you as a discount program for bringing in new customers, then it's fine. (My grocery delivery service for instance, will give me a $10 coupon if I refer another customer.) It really only becomes a pyramid scheme when they start telling you (sometimes explicitly, sometimes implicitly) that it's a way to make money.
2 separate terms for 2 separate definitions huge difference google definition pretty much shows that yes they may be similar but have a key difference.
Do you know what the FTC considers an illegal pyramid and shuts it down? Amway is not an illegal pyramid. 60 years and in 100 countries, it’s still strong.
With a business mindset, outside of Amway. 75 people is nothing. You would need more volume, more time and capital to reach the same amount of passive income you've calculated. Not to mention invest alot of time and money building a product and building its brand. I haven't really done Amway and have seen it before and actually think it's a solid business with very minimal barrier to entry. The problem in the whole grand scheme of things that plagues alot of people and people that think its a scam is having the right mindset. Before calling it a scam. Create your own business. There are business minded people that don't even do Amway that would agree it's a pretty solid model. They may find that they would make more money with less effort doing their own business based on their personal circumstances. Not to mention, business is hard. Amway is easy, relatively speaking, especially in consumer society. People consume and don't make anything from it. Kinda reminds me of web3 business models. Collectively creating value and reaping the benefits as a collective. But I digress. One can lead a horse to water but it won't drink if it isn't thirsty.
Currently open to as many avenues. Interested in affiliate marketing. However I believe the skills learned in affiliate marketing could very well be used to grow a network marketing business. In regards to product sales.
No. And she left out customer sales, the discount that IBOs receive and all of the additional bonuses that you get on top of the standard compensation.
This is a pretty good rudimentary explanation, however, keep in mind you're completely leaving out all the bonuses incentives AND most importantly, retail profit. This is not a business without retail sales, so that "$800" will actually be majority sales to retail clients, not just personal use. You'd actually make more than this example shows because of the 10% retail margin. 😊
I am not in Amway but let me tell you this - if you feel negatively towards Amway, then it is not for you. You spend so much time thinking about difficult it is to find 100 customers but you forgot that social media and the internet is making it easier to do so. In fact, you can even find 1000, 10,000 customers IF YOU ARE CONSISTENT.
Elise thank you for sharing your experience/awareness to parts of the marketing structure. Unfortunately, how it was introduced to you was from an amateur prospective. Meaning, no professional partner would ever spend $800 a month and nor would there professional sponsorships. There PV would be made up from clients. Some would be individual clients and others would be businesses. Such as Chiropractic practices, Dentist practices, Dermatologist practices, Fitness gym practices etc. I’m only sharing this so that it helps give the professional perspective that really happens for those who are successful. Once again thank you for sharing your experience. I hope this gives you some added perspective. Lastly, the major part of the compensation doesn’t actually come from Amway. The mentorship program is where the opportunity really comes from. Similar to your UA-cam channel. Once you reach a certain amount of subscribers in your organization. UA-cam pays you a %. The mentorship opportunity has similar operations. I share, because you are already doing what is done in the mentorship program. Educating, Equipping and Empowering others to become the best versions of themselves.
It’s important that I make sure their is an understanding. Not everyone who partners with Amway is also partnered with a AMO (Amway management organization). Most people are only directly with Amway. Individuals/couples who are able to be aligned with both increases the chances of getting the right information and direction.
I would never ever in a million years put Amway products anywhere near a real reputable business after all the lawsuits and legal investigations done by government bodies. Y’all got sued by the FTC. You are delusional. If I saw my dentist using these products, I’d immediately leave and find a reputable dentist not involved with a shady company.And of course a MLM will pay you a portion of what your recruitees pay to be a part of this. I cannot believe you said that in a serious manner. UA-camrs earn money on ads. Are you selling your recruitees product or are you helping them start a business? Which is it? Because that’s why UA-camrs get paid commission. They make a product themselves, people consume it for entertainment, and they make money by sharing ads, or collecting money from a subscription to avoid ads. The consumer isn’t forced to pay for anything, it’s a choice #1, and more importantly, I don’t expect to make money off of it. I’m paying for a service, with my own 17 dollars or my time consuming ads The business makes money too, and the people who pay to have their ads put up make money on the sales generated by the ad, sometimes, sometimes they don’t 🙃 sometimes it’s government ads, so you know they just pay to have it aired. Which makes your comparison fundamentally flawed, but realistically, kinda accurate. Only the top people make money, only the people with a massive following make good money, at least with UA-cam I’m not misled into believing I can make money too “just by watching videos and then putting my own out” statistically speaking, not everyone gets famous on UA-cam. It’s just not for everyone. There aren’t enough people or time in the day to consume 7 billion people’s content consistently.
![[UA] NAVI vs MOUZ | BO5 | IEM Rio 2024](http://i.ytimg.com/vi/CMBYk0cbGoA/mqdefault.jpg)
Thank you for being a professional and discussing the major component when doing due diligence and breaking down the comp plan. Millions of people struggle to grasp that this is the only deciding factor to determine whether or not you should decide to embark on a entrepreneurial journey. Even in traditional business you wouldn’t borrow a million dollars without knowing how you will pay back the loan. Network marketing is the only industry where that goes out of the window and in true fashion since it’s regular people who are being propositioned with no business background whatsoever. This compensation plan is flawed. 30yrs ago a high net earner realized and took the best part of the plan and removed all of its flaws to create over a 104 consecutive quarters of upward growth even during the recessions. How? Because understanding the business model first and how it functions for the average person will determine the success of a business.
Best comment here!!!!! 👏🏼👏🏼
Who is the high net earner
The old Egyptian would be proud of the business structure!!!
@marcallard510 ... NOPE. Not a pyramid. In what Pyramid does someone below the guy at the top make MORE MONEY than the guy at the top. Social Security is a pyramid. People coming on after the first person are paying for the first person. A company you work for is a pyramid. What employee makes MORE THAN THE CEO? None. You don't understand this and the narrator of this video does not either. TOTALLY OUT TO LUNCH. She just cost a lot of people their chance at an opportunity to raise their income, because she "EXPLAINED" it all.
Ja ,und heute bewundert Millionen Menschen weltweit!! was ein Weltwunder astronomisch und heute in der modernen Welt nicht möglich nachzubauen , denk mal drüber nach was ein Meisterwerk!! Und sklaven konnten es niemals bauen ,what a Dream Team
Gizeh phyramids ,was ein Meisterwerk, und heute reden sie noch immer davon !! Dream Team Building
@@ctaylor5682 ich bin ein Amway IBO ☺️
Super helpful and clear in explaining the model. Just what I was looking for, for real. Thank you. I hate MLM's. :)
lol this doesnt explain anything. just how the numbers work. mlms aren’t the issue. leadership and how people scale their business is whats lacking in a networking model. amway is genius. the fact that this girl said its not for me, is an employee mindset and statement . all business owners need to scale, plain and simple. how you scale and the integrity of it, is the issue. owners scale with employees and buildings and products and services. amway allows you to leverage their compensation plan and collaborate with other entrepreneurs. but most people build it like a “mlm” or a pyramid structure business which i reality is your job. you work a job. your marketing, or recruiting, or helping them create dollars . lol. the guy at the top makes the most money in a job. here, you can out perform the person above you, below you, near you, thats called performance base opportunity. either way, dont get into business if you don’t believe in the free enterprise system of creating income and adding value to the market. i run many businesses and amway is a company i leverage but i partner with a leadership system called world wide group in north america but they are world wide now. my experience isnt most peoples experience because most people shouldnt be in business for themselves. employees are the ones putting a bad name in all of business.
oh and ive been to every meeting there is possible from real estate to insurance to networking opportunities like amway. amway is just a product based distribution. they dont teach how to run the business. focus on the people who are helping you run the business. thats what makes the difference. if im trying to be a professional basketball player. its going to help the NBA. anything else isnt in the same conversation. thats what most people run into. hope this helps and you shouldn’t convince people to be in business nor should you “get” people into business to benefit you. thats what owners do in the pyramid structure business do. they hire people to help build their dreams and their futures. plain and simple. job people will only see what they see as a benefit. business people see what they see and that’s opportunity
It's because you have not yet understood the business model.
Don’t hate it, just say I’ll pass 🤷🏻♂️ I have friends who have dad great success with it. Best wishes in your business endeavors 🙏🏼
Great explanation 😊 I enjoyed it.
It is a proofed system over many, many years! Many people are very successful, so there is no discussion about it.
Correct me if I'm wrong, but this is ONLY based on a TEAM purchasing there OWN PRODUCTS. Not including customers who purchase products that are not IBO? Also, the top person technically makes more but if you are a better salesman and beat/sold more than your sponsor the difference would be small to none right? That's how you make more than them? It's just marketing! If you are able to gain traffic to your business than you should be good! Let me know what you think? Love to hear other people's perspectives!
It also doesn't take into consideration people leaving the team. Or taxes. I assume this income is taxed somehow.
@@ajmveliclerepairdiy3107 yup and like 98% of people drip off or something like that IBO's
I learned I don’t like Amway and fell in love in 11 minutes. Her mannerisms are adorable.
@sandponics I actually wanted to hear Amway was not multi-level marketing and that I should sign on.
@sandponics Hun it's an MLM. Most people lose money in these.
Before joining Amway please research videos that are against joining Amway. You deserve to make an informed decision, just take the time to do so. People making anti MLM videos have NOTHING to gain from trying to stop people from losing money. The only way you win in an MLM is scamming others, the people at the bottom of the pyramid lose money and you will run out of clients to sell too.
what you said is pure bullshit. The Networking marketing industry is over $350 billion worldwide. If it was a pyramid and scam Warren Buffet would NOT be owning 4 of them. They also have to adhere to strict guidelines in each of the 50 states if an AG finds it is a pyramid they are shut down....There are many legitimate solid companies in the Network marketing space that are NOT pyramids. Educate yourself before making statements that make you look like a fool. I am not in Amway but in no way is it a scam. By the way we are world of 7 billion people one never runs out of clients to sell too.
@@jonnelson1481 Clearly you've made all these statements on so many assumptions.
1. The valuation of these companies don't mean SHIT they can be worth BILLIONS but who actually owns the money? The people at the top.
2. You mentioned there are strict guidelines which makes it legit, and the fact that they sell legit products makes them able to conduct business. Again you assumed that there are regulations but they dont mean shit when the business is conducted exactly like a pyramid scheme. Money going to the top.
3. You made the assumption that you can sell to 7 billion people, nope, you cant sell to every single person( including yourself) a crappy product. So you CAN (and will) run out of clients.
But lets make an assumption you can sell to/recruit 7 billion people, by recruiting 5 people each time it only takes 15 cycles of recruiting to exceed the world population (do the math). So yes, even if you sold or tried to recruit 7 billion people thats merely not enough.
So what you've said is nothing short of bullshit.
@@jonnelson1481 you do know that such companies exist because of a loophole. They “sell” something thus they’re legal. If you’re in one of those “businesses” I hope you leave. Because some people are truly brainwashed and lose all there life investments and many people do as you did and defend these MLM’s because they can’t face reality.
@@skybu11et spot on
ua-cam.com/video/fCz91sbAD88/v-deo.html
I attended a session today and was really still confused on what’s the ask. But your explanation really helped understand that.
i did couple of days ago, just did like 5hrs of my own its not worth ur time or energy, only 9% channce of u making any real money and u wont be able to step away because u cant afford to loose ppl. so constantly have to be doing this just like another job... look up the stats on this, its not wat they tell u, just feels like they sell you a dream that u want and % is just so low u have to almost get lucky but over years and years of constant work, when u could just own your own thing and u dont have to have a dice roll.. way see it, seems way to good to be tru then look at it and go...oh that makes sense now. the turn over rate is crazy aswell, speaks to it. just way more legit things out there then this. i am gonn keep looking instead sady shit
@@jesuscanjesuscan423 I 2nd what ur saying. its true
@@jesuscanjesuscan4239% is a stretch. 99% of people lose money.
Tell the truth you joined Scamway 8 months ago. How is it going?
97% of people lose money, that's all you need to know.
How can you lose money ?
Yes that absolutely truth however it’s not because of the plan but because ppl are genuinely stupid AF
@@pablopena2186you got to buy first then you get 3% back
Why will you lose? If you buy only what you consume and what you're going to sell, how will you lose money?
Simple be the 3%.
The biggest issue it seems with this model is not the products it’s retaining the actual people to stay in you line and to also keep the people in their line. Generally if you has 3-4 people in your down line with their own 3-4 people in their own business then it starts to earn but considering most people get fed up with the model and retaining their lines. If you had one of your line leave with 5 people in their own down line that’s people you need to recruit back not easy considering how much effort and time you may have put in to get to that position
Yes you have a good point here. People are well, people, and probably will change products they buy to try other ones or cheaper/better value alternatives to suit their needs etc. Once you recruit someone, their position certainly isn’t guaranteed. Thanks for your comment :)
@@EliseHewlett Considering nobody is actually paid, aka a wage as such, and the addition costs of apps registration, running around its difficult. However I have seen a lot of new people actually do it from a web page and not run around, use Zoom, and treat it like a shop, not a recruitment drive.
Bingo! It's a scam.
That's business. Customer retention is an ever going process. Well established Companies like Coca Cola still pay billions in marketing and advertising to stay relevant. Companies come and go because of a loss of relevancy. Even social media influencers and celebrities lose relevancy.
Amway tries to make things as cookie cutter as it gets to streamline a process that most people with the right mindset can follow.
Mcdonalds has franchises and franchises can still go out of business.
Building a business at the start takes a lot of effort. Maintaining the business doesn't take as much effort to get it rolling, but there is still abit of effort involved to keep it rolling.
@sandponics so, it's a scam. Thanks for confirming
For me Amway Is a Gold mine. I LOVE ❤️❤️❤️❤️AMWAY 100% 💎💎💎.
Thank God for this Company 🙏🙏🙏 God bless AMWAY forever and ever 🙏🙏🙏
I hope you're not genuinely thanking God, He has a few things to say about lying and fraud and the philosophy of pyramid schemes.
Yes!
You are in deep arent you? Do you pray to the Amway God each night?
Thanks! If only the amway people could go over this as soon as they talk to you, that would be great
They don't because it's a pyramid scam
It's a completely different concept if you consider it a retail business. In that you sell $800 of product to customers per month. Figures are all different. Running a business is not about buying stock and keeping it yourself. It's about buying stock and selling to customers. Small business is about selling, not buying. Buying and keeping is not a business. Retail is business. Learn to sell and then teach others how to sell.
Unfortunately not all that are recruited are learning to sell. Setting the expectations of what that looks like upfront is necessary to challenge that individuals decision to make an educated choice. “This is what it would look like if you don’t sell”
Even if you sell, your only getting about 3% to 20% which means you have to sell about 10,000 per month to make a living. Not a very good incentive for the new guy at the bottom of the pyramid. That is where the real problem is.
@@jvaldez1896 you are building a business, not working a job. So it will be difficult at the beginning when you only have yourself. But the best thing from Amway is you will get educated of how to retail, how to build your team, finding people and training them to build their own business as well. It’s a duplicable business and when you get it done once, you done it for your whole life, and even pass it down to your next generation. You don’t need to make $10,000 revenue by your own (you could, but not necessary). Once you have your team, your PV will add up and your incentive will increase. Amway has updated more incentive so you can earn more money lately. Work hard and smart
@@vuthien8889 like you said "once you build your team" the problem is that in network marketing most people don't build their team for years. So the business here is basically building the team not selling the product. And that's fine I'm not saying there's anything wrong with that. But there are other MlM companies that pay you enough commissions to make a living on the products until you can build that team.
@@jvaldez1896 you can sell the products to make extra money on the side, of course if you go this way you will have to retail in order to make money. But if you want to build a foundation to your future so you can get off the path of trading time for money, you can build your team. It’s just like how other business owner have hundreds of people as their employees, and the employees work for them. If you choose to not having a team, you are just like a self-employee, people who own small business with not many people in their team or employees will have to work hard everyday to maintain their small business. Duplication is the key in every successful business, you cannot work for your whole life, then why not teach other how to do it and you get some % back as a return when they can run on their own? This is basically how franchise business work as well.
You explained it so very well. one thing I've learn is that numbers can not lie, and you are right it is a type of mind set you need to have and also information if one is gonna step in this type of marketing. The way I understood it with the mindset I have is that I can make those $400 that I would have spend anyways, make me $5400 every month if I can help other people do the same and understand what I understood or I guess in the way that I understood it. Cause if only people would have understood it a couple years ago, maybe people would have been better off financially when this pandemic hit. I most definitely agree with you, I my self definitely don't spend $800 in products that's a lot and with everyone losing their jobs and being on unemployment, I don't think people would be able to even afford that right now. Thank you so much for this video.
Elise Hawlett not giving the right facts...Surely 3 million Amway Business Owners around the world are not stupid...I suggest learn from the right people...I have been 37nyears in Amway, It is the best compensation plan ever.....your downline can supersede you if he works harder.....you are rewarded according to your effort...find out from the right people, Amway already 62 years , a company with no debts...
Would you like to join ?
@@annaleong4705 yeah, at the expense of preying on your friends and family. the condescending "know it all" attitude of every single person that vouches for or represents amway makes me believe the culture of the company is actually disgusting and toxic
You “can” make 5400 dollars, but that is extremely rare. Even if you work you’re ass off, it is extremely difficult to recruit people to a pyramid scheme. There also isn’t much of a market for their product. Most people are more comfortable with buying from Amazon or the store down the road.
@@annaleong4705 you are really deep into this I truly hope you soon realize the way you’ve been scammed and the way you’ve scammed others. A lot of people who defend anyway And other MLM’s are those who’ve invested everything thus are afraid of realizing that they’re not actually getting what promised.
Thank you for explaining the compensation plan it helped a lot for me to understand.
It is a scam
Define Scam @@xSuperFryx
Its never a scam when you recieve 76% value in products eventhough, i still will NEVER exchange the compensation plan of Atomy.
It's very rare to have more than a few front-line people in your downline, it's much more common to grow the business with your handful of downline have their own downlines. It's not as profitable but it is much more achievable. Also, if you calculate the payout from the bottom up, the calculations are a bit easier. However, what you described is the gross profit, the thousands of dollars/year of overhead costs mean most people will be losing money at any given time, most people quit within a year or so and need to be replaced just to stay at the same level. It's a lot of work to keep a scam operating.
I see a few people commenting: "why would you discourage other potentional business ownerss!!!!" and I'm like "... you want MORE competition for the same overpriced products???"
@@meishamariepaul3518 ua-cam.com/video/8-ZPBjc4tM4/v-deo.html
This is absolutely NOT a business, all id does is ruin credit and marriages.
@@teddypendagrass491 It's a business, a business scam.
@@meishamariepaul3518 Different people know people that you don't know. Plus, the internet has allowed recruiting around the world.
You lost me at they spend $800 themselves
Lol you should have watched the whole video.
Yes it real I live in HAÏTI
They’re not overspending, their redirecting where they spend the money. People spend most of the check at Walmart and target for consumable goods, why not just run that through your business and get money back?!? Build an asset for yourself and not a corporation. That’s an E quadrant mindset you have.
Use to be $200 spent per month per household.
@@christophershaw5900 False. The products Amway sells are way over priced. A 24 pack of their water costs about $46 plus shipping whereas I can go to walmart and buy a 24 pack of bottled water for about $5. Everything else they sell is ridiculously expensive too and not worth buying.
Thank you for saving me from a big waste of time and money!
😂
How long has Cdogg been your financial advisor, trainer-mentor?
The marker screeching just killed my brain cells 😭
Lol whoops sorry 😂😂
I made it to 15% in 1994 and the money was pretty good. I developed a ton of self--confidence from the self-development system and I have no regrets whatsoever, because I replaced a crappy government job on 18k a year, with a 40k teaching career.
However, this 'new' plan is terrible because during my time, I would receive a percentage of the entire group - and not just a percentage of my own spending. So whereas Bill gets 9% back from his own spending, I would get 9% of the entire group PV. Not only that, it appears that distributors pay a single cost for products and are expected to sell them at that same 'retail' price! I was able to purchase my products at wholesale and sell them at a 30% mark-up for retail.
It seems to me that the business model has changed dramatically - so as to benefit the corporation and not the distributors.
The products are superb and I would still order them today, except that I don't want some crazy-positive distributor dropping in for a three hour coffee.
I really value the honest opinion, it’s refreshing. Thank you for sharing!
How much money did you make after subtracting out your overhead costs? Which tool group was your upline promoting, N21, WWDB, etc.?
@@Whydoyoubanothers Hi Scott, all I know was that our UK group existed under the umbrella of International Business Systems (IBS) and our line of sponsorship was - Scriven, B O'Brien, JP Harteis, F Harteis, Dexter Yager - or something like that. Personally, the tools cost me roughly £40 per month (for one tape of the week, one 'red' leadership tape and one book of the month), while income fluctuated from £300 to £500 per month. But for me, the most important item was the self development of myself. However, the first year was mostly money going out and I reckon to have paid £500 for functions and tools during that first year.
Hope that helps.
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did you keep going or did you stop? if you stopped, why did you, if your money was "pretty good" and you improved your self image? I'm just interested because im new to amway. Thank you.
What you have is valuable. You don’t have to take my advice, but I’d say you should be the seller and not the buyer. The key to the compensation plan is filling it with people who have been run through a filter to insure they’re people who recognize, and value the opportunity. Many won’t. You only need a few who do. Let this information you know very well get filtered into the motivated, hungry individuals who deserve it. Go diamond 💎
You're not including Customer volume that would be part of the $800. With 4 customer @$100 leaves you with $400 a month that includes cost of samples so that you can service your customers.
The minimum legal amount required of customer volume per month per IBO is only 50 pv, which a lot of IBOs do since they’re mostly prosumers
It's been 3 months since your comment, are you still in the business? Any change of thought?
Lol try opening up a McDonald’s and see how much you spend a month
Thank you lol
@CarFreak do u have $5 million to open a mcds???? Even then nothing can guarantee u’ll make it,
Let's do some math and real analysis. Back when I saw this business for the first time in 1996, Amway generated close to 7 billion in sales. 25 years later, they're not generating a lot more volume. How does a business model that is predicated on signficant exponential growth before good money is made for new distributors work well if the main corporation has not even grown at the rate of inflation over 25 years? Is the corporation not positive enough? Not working hard enough? Why do they tell new people with little in the way of resources to remain positive and achieve results that people with power and money cannot?
google top 100 direct selling companies in the world...Amway still remain Top of the list
@@annaleong4705 based on volume established nearly 25 years ago with a business model that only works for distributors when there's consistent growth.
Amway's volume has decreased every single year since 2013 when inflation is factored in. Amway is a total scam.
Exactly!
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Very thorough demonstration and analysis, thanks so much for that!
Thank you so much! Glad it was of value to you :)
@@EliseHewlett so you aren't able to do and effort for a network marketing business.
With that character is not possible
wait I’m confused? So if Bill don’t have any partnership but he buys amway products! How much will he get back since he only wasted 800?
200pv is 3% of 800$ so thats 24$
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Listen if you simply bought $800.00 worth of profit and flipped it you would get $1,600 dollars. Repeat Repeat Repeat. Don’t use the damn product the first 6 months . Just sell and double and grow your clients. You could easily get 50K in Revenue . This would mean your BV and PV is sky high.
You're so sweet in making light of this video. Kudos to you
As someone who's been an IBO carrying member since 2003 (and actively built and attended meetings for several years) I have to say you just showed the Plan alot better than even some of the pins (Platinums or better). I like how you were unbiased in how you showed this; gave a summary of how you viewed it; then gave a short, concise, but non-condescending reason why you chose not to participate. I still use some of the products when I can (XS, Nutrilite, the skin care) but in terms of building have been focusing on other ventures (I won't rule out a return down the road though).
Wish more channels could be as unbiased as this! #SocialMediaNetworkMarketing #iCommerce #NeedToDecideYourGoals
The whole thing is a scam and 99.99% of people either make no money or lose money. If you are one of the people who happen to make money, it’s only because people in your downline are effectively “losing” money by spending so much on junk products to begin with. I’m glad I’m out of Amway.
Prsonnaly i don't think that i can make finanbcial freedom with this plan , it is like a monthly subscription , i don't know if i may be wrong and misunderstood the plan or i have to purchase products just so i can keep working thank god i am working where the plan is more simple and rentable and i don't have to purchase a product only once.
I lost over $4,000 in Amway, I would stay away from this MLM business model. I left over 4 months ago, and my upline still messages me like a crazy ex. I realized I was brainwashed to think positivity, positivity, positivity, but that’s only so you can stay and keep making your upline money. If you’re new, stay away from MLM’s
Wow, I am sorry to hear that John! At least it wasn't more I suppose? That's not much consolation, I know, it hurts not only how much money but also time and effort people are putting into it... and for what :S
Waw, I will be join ......
no one loose money in Amway...your friends must have cheated you,,,hahaha
I am from India.
Studied only 8th grade
Joined Amway in 2017 with my wife after our marraige
Now we are Sapphire in Amway.
Reunderstand this beautifull amway biz and grow in life.
Or you must be made for some other INDUSTRY. which is 100% great.
My problem with Amway is how they pressured you to buy the books, tapes and go to all the rallies. This is how much of the upline makes money by getting a cut of that business. If they instead would help everyone get on auto-ship for the actual products that they would use like cleaning supplies and personal care people would not drop out at such a high rate.
Loved it. Clear and concise. Thanks : ]
Thank you for this. I didn't want to waste my time any further on Amway.
Hey Elise I have a question, someone is introducing me to this business and of course I haven’t spend money, so I just want to know if you think this is a pyramid scheme?
If you want a black hole that sucks money from your account while you work really had for that black hole to even exist, you should go for it. Or if you enjoy money, I'd say steer clear of it and just go get an actual job.
It’s not a pyramid scheme. Still, keep researching it to make sure it’s something you want to do.
I haven't done Amway for many years so I'm not "brainwashed" as so many people like to put it but it's really not a bad business, it just takes a lot of effort like almost anything else worthwhile in life especially starting from nothing. Real residual income is difficult to create and with Amway it's no different but it's doable. If it takes 10 years to create $5-6k a month of residual income that just keeps coming with little effort, it's worth it. 5-6k is an average income and most people could quit there 9-5 at that point. I wish I would have stuck with it, I was very young when I started. I met a few people that were successful and it took them many years but apparently them being "brainwashed" was a good thing.
If you’d like to join again feel free to message me. Definitely not for everyone but we’ll worth it !
I get what you’re saying, but I feel like it’s generally a bad idea. The business model involves having to manipulate people into joining. The fact of the matter is that the vast majority of people won’t be able to recruit enough people and they will ultimately suffer financially.
@@rafterman5072 If anyone is being manipulated that's on them. And I mean both parties but especially the manipulator if they are actually deceiving people on purpose. But the business model itself is very simple and anyone should be able to see that and make a decision. Buy stuff and get others to do the same. I think one of the main problems is people are simply not ready for the commitment and investment. Doctors and lawyers do Amway and doing their monthly pv may be nothing to them but someone making $10-18hr the monthly pv is a big chunk of their income and to add people's bad spending habits like social drinking, restaurants, Starbucks etc. most people are not ready to build a business. Add to that poor people skills and yes people will waste time and money. Amway can help develop people as well but that's another story.
hey bro never give up on your dreams and purpose! your created for greatness, now go receive it!
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Thank you for the well-made video and the concise explanation. It helps me better understand the compensation plan and business better.
Actually, in a sole prop traditional retail business at household and health supplements price points, I'd need to have a ballpark clientele of between 300-500 customers consistently spending about $100/month at 20%-30% gross profit margin to earn $4200/monthly or $50k annually EBITDA after deducting operations expenses, roughly that is depending on which country you reside.
I might be off a bit in my calculations, but it seems that it ( AMWAY) does offer a good system. A simpler business model and operations ( a traditional business would have a lot of moving parts to contend with) with a reasonable amount of clientele( customer or sales team ).
I do agree is not for everyone, it's a matter of what inconveniences that we are prepared to face and what conveniences to let go of.
An Amway business owner probably needs to overcome overwhelming emotional challenges to succeed ( the reason for resistance) compared to a traditional business but without strategical, operational, and management headaches, just a straightforward, simple business model operation.
Just My 2 cents. I don't need to be right here.
You're not right, Amway is a scam. If you'd like to know why, let me know.
@@Whydoyoubanothers why bro
This video is from someone "who almost joined Amway." It's. like taking advice on being a dentist from someone who is a school teacher but they happened to visit the dentist. Their view will have some truths but be overall inaccurate. Here is some perspective on how the compensation plan actually works: The differential bonus is correct and it is a simple model. I don't know anyone who just spends $800 a month randomly on products. People take whatever their budget is that they are ALREADY spending with similar products and buy it from themselves instead of a competitor. We don't spend extra money that we don't have and if someone told you to too that, it's wrong. It's money we were going to spend anyway with other companies that we just redirect to support our own business instead of Walmart. Secondly, the points can be generated all through sales and zero personal use. I know people that make a six figure income (it is far from passive income) but just through selling Amway's agricultural products. Finally, Amway now comps the cost to get started. As someone who owns a traditional business, I don't know anywhere where I could start a company for $0 dollars. Here is why Amway gets a bad rap: people don't treat it like a real business. They treat it like a hobby. Any real business would be way more overhead and take years to become profitable. Not to mention, there are ENORMOUS tax benefits... Not all income is created equal. An even in this example of generating 5k a month, compare that to investment income. I would have to have 1.2million in a portfolio at 5% to create the same level of return. Plus, the income with Amway is able to be willed three generations estate tax free. I digress, but just wanted to show the otherwise of the coin.
It's not only house hole products, you have health and beauty as well. You can also sell products. I am single as between beauty products, vitamins and supplements, house hole and the things I sell, I easily make 3% to 6%. 75 people is the idea, and it is a recruiting and team business. The compensation is not based on what you "buy", as much as on you sharing the concept with others. There are other items like your electricity, mob, health insurance, car rental that will help[ you build the point value if using the partners store. So in summary there is much more than what you mention here. Look into it its a great opportunity if you do it the write way. All the best. Be Blessed
Question: I am new to Amway and confused if it is what I should invest my time in. Who catalogues those that were brought on to your team if they are all busy building their own businesses?
how do you still earn money from them?
Ask your upline for help
so i almost started amway, and i soon realized that you have to do the same amount of work as in a normal job, its not something thats gonna magically generate money while u sit back and do whatever you want.
It's a scam, get out now
Complete scam. The profits don't come from selling, they come from signing people up and convincing them to buy into the business.
Yeah it’s a scam my mans
If you don’t want to do it, don’t do it. But don’t spread misinformation just because you don’t want to/don’t understand how it works.
Scams don’t last 60+ years, just rumors from quitters who couldn’t/didn’t try to make it work for them.
Mlm. Pyramid scheme. Lol
@@drshortstuff4824 Be wise. Don't talk about what you don't know or understand. If you want to know what is a Pyramid scheme, take a look at your JOB. It's impossible to pass your patron.
Do you really spend $800 on products monthly?
@@tvision6954 SPEND ON HIGH QUALITY PRODUCT !
It's a pyramid scheme. Your lying only strengthens the stereotype.
Thanks for your quick math skills. Numbers don't lie. Seems to me there's a need to prey on recruits/down lines. Essentially you or your recruits are the consumer of the business.
Thank you so much for explaining this!
We think that the bill of success is high. Until we get the bill from regret.
" live your life in such a way that the use of your life outlives you."
Great explanation. Loved it! 😊 . When the text, 'I'll wait' popped up, I laughed out really hard.😂
umm. NO. TERRIBLE EXPLANATION. She left out so much it isn't even funny.
I went and saw a presentation on a business. Now I am an EXPERT!!! Yay. Go me. NOT.
@@icenova3656 Feel free to elaborate....
Do taxes get taken out of this?? Do you receive a 1099?
Elise! Thanks for making the video. The only thing I would like to add, so maybe it clarifies the business model a bit more is the word replacing the word "spending".
You mention that Bill and his team are all "spending money on products". The essence of the business is selling. So even though they would all be using a portion of their income to buy amway products, just as they would to buy dish soap from any other business, most of their PV should come from selling.
Showing it this way makes a bit more sense when you look at the percentages you're being paid for your downlines. Instead of "getting back" money, they would be making additional profits on sales, and also earning a percentage of your downlines sales.
It's important to remember that profits come from sales. Savings comes from spending better. With Amway, you can do both.
The VAST majority of distributors have no real idea of what 7500 PV (direct) is. It’s about $50,000 (BV) per month?
Building this is beating a dead horse. Market/local saturation occurred decades ago, and absolutely will block you from sponsoring in any meaningful way.
Also, how much is Bill and company paying per month to remain active in Amway ? 🤔
Hey Antonio, great question. You have to spend $200 per month generating you 50 PPV to earn a rebate.
You don’t have to pay anything monthly to stay in business. You can do nothing for a year and let your registration expire if you want. You have a yearly fee of $60 for business registration.
If you want to make money with your business, though, you sell products to customers. If you want to buy products for yourself, you get a tiny portion of it back if that’s all you do because it’s not meant to be a wholesalers club. It’s meant to be a business.
The only reason a team would suggest buying your products is if you actually want to do anything with it. Because buying and using your products allows you to talk about them with potential customers & allows you to give samples to them.
It’s a business and there’s nothing more to it.
Wait. So you only make money if you spend money? Ew. What if you don't have money to spend on this stuff?
Thank you for your time and effort to share this knowledge.
Thank you for explaining
How many percent I get if I spent 200$ = 50 pv still 3%??
Nope nothing has to be 100pv to start earning.
You might want to edit "a simplified manor" to read "a simplified manner."
If memory serves, a manor is a piece of real estate whereas "manner" is the intended descriptor.
My favorite part about this video was the sound of the sharpie.
In 2021, 33% of all U.S. registered IBOs had no reported sales, did not sponsor another IBO, and did not earn any compensation from Amway; 62% of all U.S. registered IBOs in 2021 received a payment from Amway in at least one month for sales that occurred during 2021. Of the IBOs who received a payment from Amway in one or more months here is what they annually earned before expenses:
The Top 1% earned $87,901 (average) and $55,264 (median)
The Top 10% earned $14,537 (average) and $4,645 (median)
The Top 50% earned $3,414 (average) and $631 (median)
That’s straight from the Amway website.
This is really interesting, thank you
Depending on where you're at in the process of building your business, whether its Amway or not, those numbers can actually be quite significant when you factor how passive the income is being generated.
Before starting any business, one must be deprogrammed from the worker mindset.
The financial problems that alot of people face tend to be a lack of financial literacy and proper skills to flourish in a capitalist society.
Don't forget that Amazon operated at a loss for years and many other companies have. Perseverance always prevails.
@@Happy-go-luckyTV these are straight from the Amway website are you that blinded by this business???? Amazon isn’t a MLM
@Eliza D lemme guess... you also believe web3 business model is a scam?
MLM is a business model that people tend to relate to scam.
I'm not blinded by anything.
Life is a game. Figure out the rules and win.
Call it what you want. I don't think its a scam. In fact, create your own white label product and compete with Amway. Maybe you'll get better results than what you've posted. Maybe you won't. 😉
The fact that you've posted those numbers as if it was a "gotcha" moment speaks a little bit about yourself.
@@Happy-go-luckyTV listen buddy just go on build your little business and stop @ me Idc I know this is scam!!!!!
And it’s not about the “products” like they can have the best f ing product in the world and still operate as a unethical business model. Don’t bring up products this is about the products. It’s about recruiting people.
Thank you for explaining ur very smart n sound fing beautiful take care
Shouldn't 21% correspond to 10000pv?
Si se gana tantos dólares con solo este poquito de personas que hasta podría dejar el empleo desde ahí. Se imaginan cuando se vuelva viral ? Es el negocio Perfecto
Keep in mind that the 800 or 400 dollars dont have to come out of your pocket but other people you sell to
@sandponicsI agree bro people are too lazy to put in the work that's why it's easy to win nowadays there's no competition 🥂😊
You’re Amazing Hewlet
To those saying, “the people at the top make all of the money,”
1) In which business model MLM or not does the CEO make the same or less than you?
2) When you go to work for someone else, who makes more money, you or your boss? And who makes more money, them or their boss?
Tell'em Chinyere!!
@@scottseymour793 😂 Where’d you come from?
You must be rich off scamming your friends
@@illegalalien127 false. I’m sure your boss is getting rich off you tho
@@krzylocloc6945 no he’s been rich
At least I’m. It losing money tho and annoying all my family members and friends to buy my expensive ass creams lol
You can buy comparable products of same or even higher quality than Amway products for much cheaper at Walmart, discount stores, Amazon and save hundreds of dollars. So instead of spending $800 to make $72 and hoping the people you recruited are also spending a lot on Amway you can simply buy comparable products and save $300. If you buy Amway products to sell it's a tough sell because you can get similar products at Walmart for a lot cheaper. Your cost for the Amway product plus your up-sell cost to make a profit makes those products very expensive. No need to screw over your friends and family to make a buck.
I agree!!!! When looking at what other products are available on the market it’s hard to justify choosing the products offered by Amway, in my opinion.
Do the products on Walmart/ Amazon have 100% traceability though?
wow great explanation and thanks.
Your numbers are off.
1st you don't need to buy $800 worth. You can buy whatever you want.
The percentages changes and it gives differential to you and everybody else.
And you only need 3 to 6 people for higher qualifications.
But like in life business are not for everybody and people have their own choices.
I can see why Amway makes billions every year from people like you and your recruits.. you don't have a business, you work for Amway!! I guess you'll say you have a B quadrant mentality 😂😂
Did Amway for 2yrs, I sat down with a true friend who told me one sentence "dude, if you put the same amount of 'Amway' time and effort into your own thing how far do you think you'll go?" The one question that changed my life. Picked up myself and started putting time into my hotel services business that I've always wanted to do. Fast forward 7yrs later and very proud of the outcome operating in three countries, wife left her FT job, family members also joining the business.
If Amway works for you great but it's not a business as you guys call it. You simply hustle and recruit more customers for Amway!
Do you get scam by bringing people and the people who invited you take or steal the people you bringing in to consume the products ? Should you involved a business attorney ?
Amway partners with dozens of high profile companies don’t you think companies like Apple and Office Depot have experienced lawyers that bet the practices of this company before partnering?
Using the Coinbase debit card to purchase Amway products (or any brand) gives wild results. Coinbase pays rewards. I got $30 got spending $600 on the debit card, which was just my rent. Considering the price of products sold by Whole Foods, Amway products are looking competitive. I would say the secret to selling their products is to find products that your customers will enjoy forever. For example, I have been using the Card Blocker for 25 years. I am not even a distributor. Their carb blocker is just that good that I am compelled to keep buying it. Their products are of addictively high quality.
I like to think of it as being around of a lot of positive people that are successfully doing the MGM method like people like me. Use this as a hobby (if you have the money to waste) and can potentially make money. It’s like being a UA-camr but you get lucky but your wasting time😆. It’s only for the people that want to build up the skill. Mark Cuban said mentors are basically shit , he learned from mentors flaws. Who the fuck do we learn from than if he won’t give us the million dollar question!? It’s a long process but if you can put money into MGM and use the knowledge they give you and apply it. Your bound to succeed.
I like how well you broke down the math. However, your are absolutely wrong when you say that each independent owner has to pay $800 a month on amway products. You are selling products to people, you don't have to spend your own money on the products if you don't want to.
Thank you so much for the clear explanation!! Do you have the calculation of core plus though?
Are you still in this business if so how are the outcomes
If one's soul mate or one's close relatives are not hot for AMWAY, Amway wants one to dump them. AMWAY can kiss the red rose.
Aww that’s sad 😔
Forget the business model, it’s the products that matter. Honestly it’s so overpriced for what they are offering. Some products are not in stock. Much easier to head to a supermarket and find what you need and stock up on it.
Also, there are so many outlet stores that sell the same products as the supermarket for much cheaper.
And if you want to earn returns, buy your groceries using a credit card that has a rewards system in place.
PROBLEM: Most recruits quit on you, only a couple out a dozen will hang around more than a few months. You really need to recruit SEVERAL HUNDRED folks over time to find your 75 to get the 50K. Here's amother fact, most folks will NOT hit their PV/BV goals (I speak from great experience), you'll likely need over 120 folks in your down-line. GOOD LUCK.
Soooo, therefore there is no reason for me to even try this company?? Seems like its a waste of time
@@divinelyautistic If you haver the skills, personality and endurance you may get a 1/1,000 shot which is pretty good for Amway, but that is really your odds unfortunately. *I did learn alot of verbal & other skills BUT the what I learned the most was how to deal with rejection, AND BOY is there a lot of this in Amway!
@@kunedoman I appreciate it.. But I'll pass.. No need to even try in my opinion,, I have a better chance of starting my own business..
I will get 10000 recruits
I'm about to start this, I'll give it a year and Not going to Every week meeting 8pm to 11pm. Meeting every bloody week is crazy, almost cultist in my opinion.
Meet every lunch break is best
How has it been so far in the business?
If you don't associate regularly with like minded people, stay around your broke friends and treat it like a hobby, you will never succeed. Shouldn't have started in the first place.
How is it going?
So if Mary and Val and George and etc! Have people behind each of them! And those people buy the products from amway too! Will the PV add all up from everyone! And then BILL will get the most benefited one?
One word NO.
It’s a pyramid scheme
@@DreamBig-rg7zk it’s literally a pyramid scheme 😂
@@moto-_-moto tell me what/who/which company doesn't work as a pyramid? Scheme? Depends how you see it and who you dealing with!.
@@DreamBig-rg7zk homie it’s a scheme. There’s a lot of people who defend their companies such as acn, amway, IM Mastery Academy, Herbalife. The vulnerable people who put a lot of money into this and in return get nothing. Those people try so hard to defend it because they’re scared to see that they’ve actually been scammed and are literally losing money. Now yes all companies/business that started out small and are now bug always have that one person at the top. But there companies that are not MLM companies that don’t scam there employees. These scams such as amway try to promote a passive income scenario of owning a side business and there are other extreme MLM’s that promote being an IBO. Only those at the top will benefit.
Yah very Nice Plan In INDIA we have different Plan.
Simple Plan easy to Understand
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There are so many things are you missing from this abscure view, like multipliers of which there are many. This is quite basic explanation, bottom level Elise. I don't spend that much a much a month on products, just $400 per month and do have this returned to me from the compensation plan, and so do people in my downline. It's an enterprenuerial model. It's also very fair and depends on the effort of those involved. Downline can certainly surpass upline with effort. That's the fairness of the model. Women are not marginalised or paid less either. So very fair. And the products are exceptional, especially the supplementation. So whilst I appreciate your efforts in explaining part of this, it's not the whole view. Infact, no where near the whole view. This business had been around for over 70 years, has a 90 day money back guarantee on all products purchased, is a willable item to children. So as usual, not the full story.
Thank u..very well explained
So what happens when your direct partners get to 21% too? You end up getting nothing?
Correct
That makes it a equal playing field for everyone which means you can actually make more money than people above you if you work harder
@@edwinlopez3982 That makes sense. Thanks for the reply.
thank you so much ,its a very useful information .
This is all wrong. She left out customer sales, the discount that IBOs receive and all of the additional bonuses that you get on top of the standard compensation.
It just gets down to new recruits buying a lot of high priced products with a dream that will never come true.
Damn, I think you are just about spot on with that one
Such is life. Welcome to consumerism. Atleast you get a lil something something for shilling. All products factor in cost to produce and market. Choose your poison. You're either a consumer or a producer. For most people it's hard to produce. Atleast Amway lowers the barrier to entry.... If you're a hater, you better be a producer. If you're not producing and only consuming, step away from the keyboard and start producing. Doesn't even have to be Amway, but its pretty low barrier to entry IMO.
Are you try to get more traffic and leads? Network marketing is a great way to make money, but you need to learn marketing. In order to make sales. I love teaching people how to succeed in their network marketing business.
It all looks good on paper, I did this back in the 90's, not one person I ever met in the "business" ever made any money in the clear. From what I can see the same people at the top are the only people making money to this day. My advice is to stay away from this, its a terrible trap!
The products are amazing and I meet wonderful people in team meetings. I only buy products to myself and sell to my family and friends :) that's enough for me :)
You’re dead right, only 1% of them are going to actually achieve financial freedom while all the rest are just gonna get dragged along
The only anyone need to know about Amway and any MLM aka to run as fast as you can. If your main goal is to sign up other members and go to pep rallies and listen to motivational tapes on how rich your going to be RUN!
So if you sell all the amways products you are forced to buy each month you get 8%. If not you are stuck with crappy product and just have to but more next month.
You did a great job explaining how ludicrous and insane the Amway concept is. Not sure how anyone would spend even $50 a month on cleaning products! Or even spend that each month as a large container of laundry detergent lasts more than a month as does dish washing liquid and bathroom cleaner. Each of those last about 2 months - I have a large home. For all of the above I would spend about $25!!! And not per month! How could anyone even afford to spend $800 per month of cleaning products???? You have to be a moron to sign up for this or be blinded by greed and gullibility to be fooled by the mentor explaining all this for you!
Hey, I like your shoes
Reading a book at Starbucks or a Laptop open.
Normal conversation into
"financial freedom talk"
Thank you. This was helpful.
Thank you very much. Now more than ever, would I not join any sort of business.
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So what I learned is that MLM is a fancy way of saying pyramid scheme?
It sort of depends upon how you're marketing it. If it's sold to you as a discount program for bringing in new customers, then it's fine. (My grocery delivery service for instance, will give me a $10 coupon if I refer another customer.) It really only becomes a pyramid scheme when they start telling you (sometimes explicitly, sometimes implicitly) that it's a way to make money.
2 separate terms for 2 separate definitions huge difference google definition pretty much shows that yes they may be similar but have a key difference.
Do you know what the FTC considers an illegal pyramid and shuts it down? Amway is not an illegal pyramid. 60 years and in 100 countries, it’s still strong.
Mlm is just a pyramid scheme that finds a loophole with terrible products to make it legal
Isn't everything a pyramid scheme? I mean the guy on top is always making the most.
With a business mindset, outside of Amway. 75 people is nothing. You would need more volume, more time and capital to reach the same amount of passive income you've calculated. Not to mention invest alot of time and money building a product and building its brand.
I haven't really done Amway and have seen it before and actually think it's a solid business with very minimal barrier to entry.
The problem in the whole grand scheme of things that plagues alot of people and people that think its a scam is having the right mindset.
Before calling it a scam. Create your own business. There are business minded people that don't even do Amway that would agree it's a pretty solid model. They may find that they would make more money with less effort doing their own business based on their personal circumstances. Not to mention, business is hard. Amway is easy, relatively speaking, especially in consumer society. People consume and don't make anything from it.
Kinda reminds me of web3 business models. Collectively creating value and reaping the benefits as a collective.
But I digress. One can lead a horse to water but it won't drink if it isn't thirsty.
Do people still not know what a pyramid scheme is
Many people are switching to affiliate marketing
Yup this one ☝️ and that $800 dollars example is bullcrap 🙃
Currently open to as many avenues. Interested in affiliate marketing. However I believe the skills learned in affiliate marketing could very well be used to grow a network marketing business. In regards to product sales.
No
Love this 😀
greetings from Ukraine)) and this business plan is for the USA??
No. And she left out customer sales, the discount that IBOs receive and all of the additional bonuses that you get on top of the standard compensation.
This is awesome
This is a pretty good rudimentary explanation, however, keep in mind you're completely leaving out all the bonuses incentives AND most importantly, retail profit. This is not a business without retail sales, so that "$800" will actually be majority sales to retail clients, not just personal use. You'd actually make more than this example shows because of the 10% retail margin. 😊
As old as away is, I'd expect this method was a debt they owed decades ago . Count Thereons out!
400 dollars a month on products that I personally have never bought
I am not in Amway but let me tell you this - if you feel negatively towards Amway, then it is not for you. You spend so much time thinking about difficult it is to find 100 customers but you forgot that social media and the internet is making it easier to do so. In fact, you can even find 1000, 10,000 customers IF YOU ARE CONSISTENT.
In any marketing company, your job is to market the products. How many of you are consistently marketing your products?
Awesome plan
if you can help one or two become successful
the third and the hundredth is second nature
trying to register as seller. Do you provide IBO number ?
Elise thank you for sharing your experience/awareness to parts of the marketing structure. Unfortunately, how it was introduced to you was from an amateur prospective. Meaning, no professional partner would ever spend $800 a month and nor would there professional sponsorships. There PV would be made up from clients. Some would be individual clients and others would be businesses. Such as Chiropractic practices, Dentist practices, Dermatologist practices, Fitness gym practices etc. I’m only sharing this so that it helps give the professional perspective that really happens for those who are successful. Once again thank you for sharing your experience. I hope this gives you some added perspective. Lastly, the major part of the compensation doesn’t actually come from Amway. The mentorship program is where the opportunity really comes from. Similar to your UA-cam channel. Once you reach a certain amount of subscribers in your organization. UA-cam pays you a %. The mentorship opportunity has similar operations. I share, because you are already doing what is done in the mentorship program. Educating, Equipping and Empowering others to become the best versions of themselves.
It’s important that I make sure their is an understanding. Not everyone who partners with Amway is also partnered with a AMO (Amway management organization). Most people are only directly with Amway. Individuals/couples who are able to be aligned with both increases the chances of getting the right information and direction.
I would never ever in a million years put Amway products anywhere near a real reputable business after all the lawsuits and legal investigations done by government bodies. Y’all got sued by the FTC. You are delusional. If I saw my dentist using these products, I’d immediately leave and find a reputable dentist not involved with a shady company.And of course a MLM will pay you a portion of what your recruitees pay to be a part of this. I cannot believe you said that in a serious manner. UA-camrs earn money on ads. Are you selling your recruitees product or are you helping them start a business? Which is it? Because that’s why UA-camrs get paid commission. They make a product themselves, people consume it for entertainment, and they make money by sharing ads, or collecting money from a subscription to avoid ads. The consumer isn’t forced to pay for anything, it’s a choice #1, and more importantly, I don’t expect to make money off of it. I’m paying for a service, with my own 17 dollars or my time consuming ads The business makes money too, and the people who pay to have their ads put up make money on the sales generated by the ad, sometimes, sometimes they don’t 🙃 sometimes it’s government ads, so you know they just pay to have it aired. Which makes your comparison fundamentally flawed, but realistically, kinda accurate. Only the top people make money, only the people with a massive following make good money, at least with UA-cam I’m not misled into believing I can make money too “just by watching videos and then putting my own out” statistically speaking, not everyone gets famous on UA-cam. It’s just not for everyone. There aren’t enough people or time in the day to consume 7 billion people’s content consistently.
"...one must speak up in situations where silence can objectively be taken to mean agreement with, or sanction of, evil.
-Ayn Rand-
U have buying (spending)mind set not business mind set.. U know Wats the answer for business.. Get tat definition of it