Tuesday, November 8, 2011

WWDB IBOs Exaggerate? Or Lie?

Read this blogpost by a WWDB IBO. I can see the flaw in what is being said. Can you?


So I was thinking this past weekend, as we were booking our flights to Portland for this year’s Family Reunion, the costs to run our business. Now being a sceptical person I keep records for every single expense related to our business and keep a running total to make sure that we are actually making money over what we spend to run our business. I do not include the products we buy because 95% of the products we buy are products that we already bought before. Examples, Multi-Vitamin, Protein Bars, Granola Bars, Water, Energy Drinks, Cleaning products, etc.. That’s all stuff we bought and as a business owner you shop from your own store.

So going back to our hard business costs such as our voicemail system, our digital audio files, books, any business related marketing tools, conferences that we attend, local functions that we go to… ALL of that are for the most parts the cost of doing business. I may break it down at the end of the year but probably not because our costs of doing business will differ from other people’s because not everyone uses all the tools and people build different business’s. However the best thing about all of that, 100% tax write offs. We did our taxes last year and were able to write off every thing that was related to our business. That even includes any samples we gave and KM’s we drove to any meetings that we had. We basically got a cheque back from the government and that cheque covered ALL our costs. So those who say “the tools are a scam”, well I don’t know what to tell you but as a cost of business they were covered by my cheque back from the government.

However having said all of that what business do you know doesn’t cost money to run? Last time I checked it costs traditional business’s like McDonalds, Shoppers Drug Mart, Banana Republic, Gap, etc… TEN of THOUSANDS of dollars a month to operate. They also have employees to manage and pay, lease payments for a building, and a whole whack of other expenses to pay out. We have roughly a FEW thousand dollars to run and 1000% less headache to worry about. Based on that it just makes sense and honestly how can you argue that. I’m sure you’ll try, however this is my own experience and what we are doing. What others do or claim to have done may or may not be what was recommended or advised and if you read it, take it with a grain of salt.

So to wrap it up, does this business cost money to run? Absolutely! Do you get to write it off on taxes? YES. I did it, I got the cheque! Next year when I file, I’ll post the cheque as proof for the seeing is believing folk out there. All business’s cost money to run, just depends on what kind of business your in

Shaun's comment and clarification:

"They didn’t give me a cheque specifically for my business related materials. I get to deduct my business related expenses against my taxable income like you said. I did our regular job taxes first and after that I wasn’t really getting a refund. However after I started to add in all our business related expenses that’s where our refund came which pretty much covered our business expenses for the 7 months we were in business last year"

Monday, November 7, 2011

Make $80,000 In WWDB/Amway?

An email I received from a WWDB IBO:

Hey, thanks for the reply, I would be happy to tell you what i do, and who i work for.

I am what you call an IBO or independent business owner, its a franchise you can buy in for only 60.00 dollars. Basically the key to making money and plenty of it is to recruit other people to sign up and start their own business. With starting your own business you sell Amway's products, and they have everything, so its not hard for anybody to find something they like, also Amway has 30 partner companies such as: Circuit City, PacSun, Nascar etc.

Sure, to start your own business you sign up with Amway.com. WWDB or World Wide Group is a company that provides you your website plus learning and training materials to make sure you become successful in the business. They pretty much hold your hand until you become successful. As far as what i have accomplished in owning my own business i have only had my business for 1 month now and am very happy with it. My mentor or upline, the guy that sponsored me into getting my own business started is my girlfriends father, and he is very successful in the business, which is why i joined, if i told you how much he made a year you wouldnt believe me.

The plan that World Wide group puts you on is mapped out to make you earn 80,000 dollars your first year, which means you would become a platinum member, it goes all the way up to diamond members which make in the six figure incomes

World Wide is not free, but it pays for itself because you will see customers sign up to your website to buy products, you will sell to your family, friends etc., plus if your like me you will try to sign as many people up in your first month as you can, so no, world wide isnt free, but it will pay for itself.

Yeah I’m still in it, i probably work with it about 8-10 hours a week. No, I’m not on pace to make $80,000 in a year, but it’s my own fault, I did not work hard enough. One good thing though, I know I am a better person and getting a check every month helps, even if it’s a small one.