Amway is the best home business
Naturally, to an Amway distributor, Amway IS the best business opportunity. Anybody trying to sell you on any business opportunity is going to tell you the same thing. If you don't believe that, I've got about 1 MB of spam email that I could send you that all say that THEIR opportunity is the best one available also.
I have read many email from distributors who talk about tapes made by high-level Amway distributors who are financial planners, lawyers, and doctors. Many of these people are professionals who are highly respected in their occupations.
I have no intention of questioning any of the points they make in their presentations. It is not my intent to imply that they are lying in any way, shape or form. But let's be honest about what these tapes are for. They are recruiting tapes. They were made for distributors to hand out to new prospects to lend credibility to the business. Do you really think the analysis presented by an Amway diamond or above is unbiased? Do they talk about things like the high attrition rate of Amway distributors? The higher cost of many of the products? Do they discuss the amount of money you'll have to invest on books, tapes, and functions and how much of that money goes into their pockets? Do they even discuss the success statistics from Amway's own survey and how much time you'll be spending away from your wife and children to reach that level of success that only a few ever achieve? The answer to all of these questions is NO!
Now let's turn to a review of business opportunities by a major financial magazine -- Money Magazine. If you don't think that they are an appropriate magazine to review home business opportunities, then you might as well quit reading and skip to the bottom.
The following information comes from an article in Money magazine with the title "How to Make $100,000 Working at Home: Introduction". It can be found by going to Time Warner's web-site (a link is provided at the bottom of this page) and using their search-engine with the keywords "home business".
More than 13 million Americans -- 25 million if you count part-time moonlighters -- are now running their own businesses from home. Roughly half of these are service firms, from consulting practices to graphic design, according to a recent AT&T survey. The rest: sales (17%), technical and administrative support (15%), repair services (11%) and the arts (5% or so).
The majority of the new biz soloists are career veterans, well paid at about $45,000 in their old jobs and well educated: 37% are women, 63% men. They're typically around 49 years old and are twice as likely to have a college degree (40%) than the average adult (20%).
Home entrepreneurs also make good money. Full-time home-business owners earn an average of $58,000 annually, according to the New York City market research firm IDC/Link. Many do much better. "It's not uncommon to find six- and sometimes seven-figure incomes among people working at home," says Paul Edwards, co-author of The Best Home Businesses for the 90s (Tarcher/Putnam, $12.95). Indeed, in an exclusive Money poll conducted a few weeks ago by the ICR Survey Research Group based in Media, Pa., 20% of U.S. home entrepreneurs reported that their businesses grossed between $100,000 and $500,000 last year, while 14% paid themselves annual salaries of $50,000 to $250,000. In all, we can calculate that, today, about 500,000 home-business owners as well as 1.2 million telecommuters earn more than $100,000 a year.
I want you to remember the above information as you read the rest of the pages on my web site and compare these numbers to the Amway business.
Let's now look at the top 10 business opportunities from Money magazine. This information comes from Money's article titled "How to Make $100,000 Working At Home: Chart"
Revenue reflects income for the top 2%.
| Occupation | Start-up costs | Revenue |
|---|---|---|
| Export agent | $3,050-$10,300 | $300,000 |
| Employee trainer | $3,100-$9,200 | $300,000 |
| Management consultant | $3,690-$13,650 | $300,000 |
| Commercial debt negotiator | $2,000-$8,000 | $150,000 |
| Business-plan writer | $2,800-$9,250 | $150,000 |
| Desktop video publisher | $10,000-$35,000 | $150,000 |
| Computer tutor and trainer | $4,200-$15,900 | $120,000 |
| Mailing list service provider | $3,600-$10,250 | $100,000 |
| Home inspector | $4,925-$12,600 | $100,000 |
| Temporary-help provider | $8,840-$30,770 | $100,000 |
How do Multi-Level Marketing businesses (Amway is clearly the leader in this type of business) rate at Money? I don't know! I tried searching for multi-level, MLM, direct sell and multitier and did not find any articles about the MLM industry. I feel that it's interesting to note that network marketing businesses, such as Amway and Avon, were excluded from Money's recent Home Business contest (see the rules concerning that contest).
None of the searches in any of the business magazines I researched that are on the Internet compared the Amway business with any other type of business or even reviewed the Amway business.
What's the right business for you? Heck I don't know! These are Money's picks--not mine. If you want to generate the revenues indicated above, will you have to work for it -- yes. Will you have to maybe do some things you aren't comfortable doing -- yes. Will everyone succeed -- no.
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