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Friday, December 4, 2009

Amway UK Earnings: Pathetic, as Expected



Amway UK had released their earning statement on November 2nd.

Needless to say, it's beyond pathetic.

Out of 14,000 folks or so, we have:

1). about 10,000 earning an average 47 Euros (about 60 bucks) a month -- before expenses.

2). about 3,000 earning an average of 139 Euros a month -- before expenses.

3). 36 folks earning about 2000 (2076) Euros a month -- again, before expenses.

Even if all those 36 were really successful -- if it was all pure profit, not including time spent, fuel, inventory bought for "personal consumption", what have you -- that's a success rate of, er, about 0.3%. And that's using the best case scenario.

What an opportunity!

8 Comments:

At December 4, 2009 at 12:23 PM , Blogger IBOFB said...

I'm just curious as to what "expenses" you think the "10,000" have. It's free to join, so there was no costs. They've not even got 5 customers (which puts you in the next category) - so they're apparently not working at all.

One could almost think they joined so they could get a refund on their shopping whenever they bought over £99 worth of stuff!

No, that would be too obvious.

Much better to believe that, contrary to all known human behaviour, folk who join something for free dedicate oodles of time, effort, and money to it - yet fail to get even 5 customers despite others being able to register more than 16,000 in the past year!

Yes, that's much more believable :-/

 
At December 4, 2009 at 1:24 PM , Blogger Tex said...

Here's my take on the UK Amway business:

http://texsquixtarblog.blogspot.com/2009/11/so-hows-carnage-in-uk-coming-along.html

And here's my take on the Amway tool scam: http://tiny.cc/D5oJh, which fortunately no longer applies to the UK.

 
At December 4, 2009 at 2:19 PM , Blogger Avital Pilpel said...

I do wish people would make up their mind. MLMs can hardly be a "great opportunity to own one's own business" one day, and, the next day (the day the pathetic earnings in this "business" are shown) suddenly just be some sort of shoppers' club.

 
At December 14, 2009 at 3:52 AM , Blogger IBOFB said...

Why does their have to be such a (false) dichotomy? You can go to Sam's Club, buy stuff and use it, or buy stuff and resell it.

Pretty much the same with any other manufacturer/wholesaler in the world.

Heck, you can buy stuff from Amazon, or you can setup websites marketing stuff as an Amazon affiliate.

Why can't something be both a business opportunity and a shopper's club?

 
At December 14, 2009 at 9:06 PM , Blogger Avital Pilpel said...

In reality it is ONLY a shopping club, as seen by the insignificant number of people making more than pocket change.

Only it has two major disadvantages compared to the usual shopping club:

1). Like all MLMs, prices are typically high even after the "discount".

2). The tiny number of people who do make money do so by trying to cajole and beg and annoy their "downline" into buying more and more of the products, even if they don't need it.

Why bother? You won't make any money, you'll pay more, and you will be annoyed by uplines desperate for sales.

 
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