If not AmQuix what else?
After many visitors read my site, they write and ask what else is there if not AmQuix? They ask if the are going to have to do the 40/40 (40 hours/week for 40 years) plan to retirement. Is there no hope of being financially independent in this world? Is there no hope of not eating a warmed up can of cat food as your retirement dinner? AmQuix recruiters can paint a dim picture about the future for those that have no plan. They offer their plan as the key to your future. Their techniques are effective at least in getting people to wake up and possibly plan before it is too late. We all know Social Security is a bankrupt pyramid scheme where the baby boomers will be lucky to even recover what they paid in let alone earn even a little interest on it.
After sitting behind this computer for over two years reading e-mail from hundreds of current distributors as well as former distributors, I have made a few observations. To be successful in AmQuix you need to work very hard. That however is not the only ingredient in being a successful distributor. As I say repeatedly, the AmQuix business lacks true competitive economic advantages, which would allow amateur sales people to do the business profitably. True sales, persuasion and leadership abilities are needed to overcome the lack of competitive advantages in their product line. Most likely if you do not enter the business with a superior command of these skills, you will not be patient enough to fully develop them before you give up and quit. It takes a lot of skill and persuasion to convince people to buy things, which are more expensive on average in exchange for the future payoff of one day taking money out of the AmQuix buying pyramid. The AmQuix journey will however allow you to improve your interpersonal skills no matter what. In most cases people work the 70/5 plan(40 hours/week at their job+30 hours/week as IBOs for 5 years). Then they go back to the 40/40 plan with $15,000 less in investment capital than if they had not done the business. But, that is the risk of wanting to make the big time quick with AmQuix.
From personal observation, I see business opportunities being broken out into two categories. These are sales opportunities and investment type opportunities. Sales opportunities of course require the people skills, which are all important in AmQuix. Sales opportunities in theory have unlimited income potential. The more you sell the more you can make. The "capital" in this case is your time, and your ability to sell and motivate. In investment opportunities, the "capital" is financial literacy and money. Money employed without knowledge is easily lost just as time in sales is lost without people and sales skills.
I will focus on what I know, and that is the investment opportunity. Your AmQuix upline will be able to tell you about the sales opportunities. You have to decide where your skills are best used and what your probabilities of success are. In reality if you do not constantly work the AmQuix business your business will fall apart and after a short period will make little residual income. Remember, the AmQuix product line lacks so many competitive advantages that has an almost 50% of the customers/distributors do not renew each year. Truer residuals might be possible if they only had a 10% fallout rate. This would tell me that the products are worth the cost and people buy them not because it is "their business" but because a faster, ever growing pool of people love the products and will pay for them. True residual income comes from investing in stable growing businesses. AmQuix is not very stable (almost 50% fall out rate) and doesn't appear to be growing either (28% sales drop in two years). So do you use your regular job or AmQuix job to build your investment nest egg? If you do not save money as you make it in AmQuix, then you will not have investment capital either. I think that I can leverage my existing skills faster in a job than I can perfect the sales and motivation skills needed to promote the poor economics of AmQuix.
"However, Brian Tracy points out that if you read just 1 hour per day in your selected field, you will be in the top 10% in 3 years. After 5 years you are top 3% and a national expert. After 7 years, you are an international expert. Not a bad return for 7 hours per week and no overhead costs. This is the best job security I know. The top 10% are NEVER laid off."Site Visitor - former IBO
You will have to decide this for yourself. Your AmQuix Diamond will certainly tell you that you can do AmQuix faster, but then again he will be selling you everything you need to accomplish it as well. It seems he might have ulterior motives in mind. The poor business growth rate also seems to support their poor success statistics as well. Certainly AmQuix can work for a few.
I know the AmQuix game is really a pyramid buying scheme of selling overpriced priced products. This generates the money for the bonuses to be paid out. It is not a better or more efficient way to distribute goods and services, it is just another method.
"You stress the issue of the prices of Amway and Quixtar prices. That tells me right there why you could not make it. You see while many will tell you that is it is a business and not coupon clipping etc.: that is not the whole story because if you would have got of your butt sponsored at least to active legs (not people who sit home and watch TV ) you would have been running at least 3% and up more than your group which in return would give you a check back at the end of the month for more than what you had paid out. You cannot buy cheaper than at Wal-Mart"IBO Site Visitor
I also know it is based upon duping the new recruits into buying the tape and seminar system, where the true profits for the Diamonds and Emeralds are. Without the profits from the tapes and seminars the net business return is not worth the effort. I can not ethically or logically participate in the scam. Sure I could do it, but I could not live with my conscience. It is kind of like selling whole life insurance policies. I know most are such bad financial deals for the customer that I could not sell such policies. I would rather show the customer how to get a better deal with term insurance than make money off their lack of knowledge about whole life. I could not knowingly push AmQuix because the growth data and the mathematics show most participants are losing money. How would you feel earning a commission selling a mutual fund that under performed a no-load index fund on a long term basis? That is what is going on with the AmQuix opportunity. Only if AmQuix grew faster by retaining a higher fraction of its customer-distributors could one treat the losses as an "investment" to be recouped. The nature of the pyramid just has those experiencing losses pass their losses off to the people they recruit. Because the business is a negative sum game few will ever make money. I can't get excited about showing my "average" friends an opportunity where the "average" guy loses money. I guess in reality, AmQuix is not an opportunity for the "average Joe", but you have to recruit a lot of "average Joe's" so a few can make money with the scheme. Everyone has ethical standards. Where will you draw the line?
Ok, back to the not eating cat food when you retire.
I think the best way people can plan and make more money is to understand money and numbers better. AmQuix has a great system for continuous learning so why not leap-frog off the example they set? Do some research on the WEB like this site called the Christian Financial Center.
"If you want to be rich, you've got to read and understand numbers"Robert Kiyosaki - Rich Dad, Poor Dad
Everyone needs financial literacy so they can make better decisions with their money and more importantly to know how to evaluate business opportunities when they come along. Properly evaluating business opportunities will allow you to pick the good ones and leave the poorer ones behind.
On the bright side, THE SYSTEM introduced me to authors such as Robert Kiyosaki (Rich Dad-Poor Dad) where the focus was financial literacy. This lead me to read other financial books (not on the approved book list) such as Financial Statement Analysis by Chris Woelfel. Rich Dad-Poor Dad is often referenced when prospecting in the Quixtar business. Ironically, Kiyosaki focuses on financial literacy which is counter to the Yager philosophy, "if the dream is big enough...the facts don't count." IBO Site Visitor
How can you improve your financial literacy? Study and reading!
I first recommend brushing up on your math skills. Learn and know the mathematics associated with interest calculations and compounding. This is so important. It will help you to know if you got a good deal on that car lease, if you should have paid cash, or got a loan at the credit union. It will teach you the many methods by which interest can be calculated and when it is beneficial or not beneficial to pay off a loan early. Knowing this will save you money in everyday life. Too many people are taken advantaged of at the car dealership because they don't know interest calculations. Later, these skills will be needed in evaluating investments. The best move is to pay for your car cash and then save money for the next car by making "payments" to yourself.
Next, take some accounting courses. Understand financial accounting, managerial accounting as well as accounting related to taxes. Most business fail for cash flow reasons, not lack of profitability. Knowing how to read and make an accounting of funds flow will help keep your venture from running out of money. Once you know how the income statement and balance sheet work together with a funds flow analysis you can avoid the most common mistakes small business owners make. This will also help you to analyze business in which you might want to buy or a stock you want to invest in.
Next take a course in marketing so you know how to evaluate markets so that you can look at an opportunity based upon some numbers and not just hope. Why take on markets that aren't growing or have superior returns on investments? In all business, the goal is to look where the odds are in your favor.
You will need to get your own financial house in order. Many people getting into AmQuix are in debt and do not know how to manage their own money let alone the money of a business they want to be in. Get some books on personal finances and make a budget if you are in debt. Most corporations in financial trouble do not invest in risky ventures to get out of trouble. Rather, they look internally to find where costs can be cut and revenues can be easily increased. You will find most people who praise AmQuix for helping them with their debt problems were only motivated to change more conservative spending habits. Few of them had any real income boost due to the AmQuix business. They just realized they were being wasteful with what they did have. Unfortunately, I have heard many more stories of people going into debt being in AmQuix. The same goes for the people who brought their wives home from work, "due to AmQuix". Once you look at what the wife really brought home after taxes and what was being paid for childcare, clothes and transportation you find the wife was working for only a few dollars per hour. Just watching the budget a little more and cutting back on expenses would allow more people to bring their wives home. People need to decide if the cable TV/cable modem, cell phones, the bigger houses, the gas guzzling SUV's, new cars every two years, professional lawn care, and new clothes are all worth what they trade off to get them.
Calculate how many hours you had to work before making that impulse purchase. If you make $15/hour, how many hours did you have to work to pay that $30/month cable bill? It is not 2 hours, but most likely 3.3 hours because of the taxes you also paid. Beside the time you spend watching the idiot box, is time you can't be learning something new to put money in your pocket. The AQMOs do a good job making people evaluate their spending and to understand the "keeping up with the Jones syndrome". But, you can also decide for yourself as well, if you think about your household finances like a business. If you have a middle class income, most likely you have more than enough money to "survive" and purchase the basics as well as put money into savings. Most don't because they are reckless spenders. It takes the will to decide what is truly important to you before you can start to accumulate investment capital. The AQMOs have helped people to see this even if they never made money in the business.
Once your spending is in order then you can build up your savings and investment nest egg. It will take time to build up some money, but all this time can be used to prepare yourself with the knowledge to invest it wisely.
Once you have the financial literacy and capital you can look for the opportunities, which not only sound good but calculate and evaluate to be good.
There are lots of good books out there, go to your library today. The only things you need to have are curiously, a will to learn, the discipline to save and courage to take prudent risks.
The only people eating cat food in retirement are those who did not plan.
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