header.gif (4283 bytes)
    Amway / Quixtar's Finest Fake News Source          April 7,  2005

IBOA Cooks Up New Pin Level
to Put a Sizzle in Sales
(APP) Amway Grand Hotel, Grand Rapids Michigan - The IBOAI board of directors, the governing body for Amway/Quixtar's king pins tool's businesses, announced today their recommendation for a new "pin" (achievement level) in Amway/Quixtar.   The purpose of the pin is to "cook up" Quixtar's sagging sales and get some fresh faces as pins in the Achieve magazine.  

cookware_crown_sil.jpg (4218 bytes)
"Cookware Crown" Award

 Reminiscent of the days when there were 36 Crowns before 1983, (just 8 in the subsequent years) the requirements for the "Quixtar Cookware Crown" will also be just twenty legs at 7,500 PV for just one month, while also qualifying for Diamond.

The IBOA noted that with today's PV/BV ratios that "Quixtar Cookware Crown" requires fewer cookware sets to be sold than previously.  In 1981 you needed to move at least 642- twenty piece cookware sets to get the volume needed.   Today you only need to move 426 twenty-one piece sets.

In 1981 $192,279 would buy the required 642 sets of cookware.   That would be 16 people in each leg buying two sets each. Today, total sales would be $352,856 for the 426 sets, or only 11 people buying two sets each now.  The cookware costs just $828 at distributor cost.  What a bargain!

The IBOA noted that an IBO only need to have about 11 people in each leg buy two cookware sets as compared to the 16 people it required previously. 

cookware.jpg (15258 bytes)

 After adjustment for inflation, and the 1 extra piece in today's cookware set, today's cookware set is 14% ($115) more expensive than in 1981.

The IBOA noted unfortunately that although the cookware's price increased faster than inflation, that the bonuses paid on the cookware was 3.6% lower than inflation.   Adjusted for inflation and the extra piece, the cookware would earn, at the 25% bonus level, just $247.57 today versus $256.82 adjusted for inflation.