Figured I’d post a few slides shown by Amway at our recent FED conference. There are some naysayers out there saying business is slowing down, or business isn’t growing in North America, however here are some stats from the horses mouth as it were showing otherwise.
- New IBO Applications +12%
- PV per Engaged IBOs +8% (I’ll assume engaged = active)
- New IBO PV +7%
- $50 Fast Track +30% (Fast Track program is now a full time program and has expanded)
- First year renewal rates were +2%
- Highest qualification growth rate for the US since 2003
New Pin Qualifiers
- 1 65 FAA
- 1 Founders Crown Ambassador
- 1 Crown
- 1 Triple Diamond
- 3 Double Diamonds
- 3 Founders EDC / EDC
- 39 Founders Diamonds / Diamonds
- 124 Founds Emeralds / Emeralds
- 166 Founders Sapphire / Sapphire
- 155 Founders Ruby / Ruby
- 1,233 Founders Platinum / Platinum
Great growth news for Amway North America. This also touches on a post done earlier in October by “The Truth About Amway” Blog titled 1222 New Founder Platinum’s and Above for Amway North America!
One last stat to share was World Wide Group / World Wide Dreambuilders (WWDB) had a total new IBO count of just over 19,000.
Its been quite the weekend thus far here in Portland at World Wide’s Free Enterprise Day. This is just a quick update however the overall message from this year’s FED seems to be focused on the “Why” of building this business. If your in business you should already have that why sorted out, if you don’t you should dig deep and find out exactly why you are building this business. If your going through an interview and qualification process then a why should be discussed before even launching. If your going to launch into business you need to be setup for success and that why is what leads to that. Really that “Why” can be applied to anything you do in life. Why do you do the things you do and are you getting what you want out of those things.
The biggest impact and talk of the night was our upline Founders Emeralds going diamond next FED, who received their $75,000 bonus check for holding a consistent Emerald business. There is money in this thing if you build it right and with the proper parameters. Slap it together and build it without a solid foundation or parameters and that’s why a lot of people who say they were such and such complained they made no money.
A new Diamond crossed stage however we were not sure if it was based on North American business or Korean business. A New Executive Diamond Club and Triple Diamond crossed stage as well, both unsure of what business they were representing. All three live in the US, either way it’s great regardless if it’s here or Korea as the work ethic is the same, the Koreans just have a better work ethic then us lazy North Americans and they understand this business then us thick headed, critical, sceptical, arrogant North Americans.
A picture says a thousand words and this one says Amway + Hard Work + Solid Foundation + Proper Parameters + CORE + a few other things = $75K.
We are on our way today to the Free Enterprise conference in Portland. On our way we are able to visit with my parents in Southern BC on either side of the event which works out perfect. W is going to spend the weekend there visiting with his grandparents and they are very excited since they don’t get to see him much. That works out perfect so that we can focus on the conference and W gets to visit with his grandparents who are always asking for more time with him. Win Win!
I’m quite excited to attend this year, as I was the previous year, coming out of a retirement party we had last night for our personal sponsor. Stepping away from a noble position as a Fire Fighter for the City of Edmonton is not an easy thing to do, however the ability to become a full time dad trumps that in a heartbeat. A man that stands on principal, integrity, courage, transparency, marriages, family and living with cashflow are just some of the many qualities that bare the “fruit on the tree” that we seek and I’ll seek out mentorship and coaching from a man like that.
I’m excited to see the growing Canadian leadership speak on a FED stage as we now have two founders emerald’s in Calgary and Edmonton both of which are twenty wide and on track to hit Diamond by next FED. That’s quite exciting as there have not been any new diamonds in awhile and this is just the start. All indications are showing Amway is continuing to grow from the number of founders platinum’s, to the growth in North America, and lastly hitting double digits in the billions of dollars last fiscal year (still waiting for the official announcement). Exciting times for sure despite what some may say.
There are a lot of things I’m looking to get out of this weekend of which I won’t share now, but will once it’s done. Have a great weekend!