tag:blogger.com,1999:blog-1368211434673089131.post6376145375793957288..comments2024-02-14T16:03:52.086-08:00Comments on Joecool's Amway WWDB Experience: The Illusion Of Profit?Joecoolhttp://www.blogger.com/profile/09121920263105613498noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1368211434673089131.post-57024716630388032822011-10-09T18:14:52.359-07:002011-10-09T18:14:52.359-07:00I have a BA in Accounting and an MBA. Here's t...I have a BA in Accounting and an MBA. Here's the quick formula for determining business profit:<br /><br />Gross Revenue(Gross Sales)<br />minus Cost of Goods sold (what products cost you wholesale)<br />Equals Gross Margin, NOT Net Profit. You still need to deduct EXPENSES as follows:<br /><br />Gross Margin<br />Minus Expenses such as advertising, office space, gas/mileage, promotions, postage, etc.<br /><br />Equals Gross Profit before taxes<br /><br />Minus Taxes<br />Equals Profit after taxes, AKA Net Profit.<br /><br />Whoever disagrees with this standard formula has no understanding of business or financial management. <br />"There are no wealthy financial illiterates"<br />Nuf said.ConnieFhttps://www.blogger.com/profile/07795827422559105928noreply@blogger.comtag:blogger.com,1999:blog-1368211434673089131.post-54251143490474956852011-03-26T22:40:24.382-07:002011-03-26T22:40:24.382-07:00I see this with my friend that just became an IBO....I see this with my friend that just became an IBO. He is buying things at full price to "invest" in his business and when he gets his check in the mail for $10 for the $300 he just spent, he claims it as profit, When I say I don't see any profit in that, they say I need to change my thinking. <br /><br />Amway is a very scary "business" that I am just going to stay away from.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1368211434673089131.post-61528286670609505552011-03-24T00:22:28.679-07:002011-03-24T00:22:28.679-07:00BAHAHAHAHAHA you got 'em GOOD, joe!BAHAHAHAHAHA you got 'em GOOD, joe!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1368211434673089131.post-53561903279909054012011-03-21T14:08:07.312-07:002011-03-21T14:08:07.312-07:00Hi Lucy, did you know that Amway is a business and...Hi Lucy, did you know that Amway is a business and not a religion?Joecoolhttps://www.blogger.com/profile/09121920263105613498noreply@blogger.comtag:blogger.com,1999:blog-1368211434673089131.post-77880652299694934992011-03-21T14:03:10.008-07:002011-03-21T14:03:10.008-07:00Belief must be backed by faith. Faith without work...Belief must be backed by faith. Faith without works is dead.Lucifernoreply@blogger.comtag:blogger.com,1999:blog-1368211434673089131.post-81938783208414051032011-03-21T10:49:20.694-07:002011-03-21T10:49:20.694-07:00Most who read this will think "I'd be too...Most who read this will think "I'd be too smart to fall for that," and the truth is that most people are. It's not about intelligence or lack thereof; it's about wishful thinking. Wanting to believe that you can become financially independent, and wanting to believe these allegedly succesful people can help you achieve your dreams, dresses you with a particularly distorted pair of lenses. <br /><br />Taking a step back, one who's been in such an organization, can objectively report just how fallacious it all was.Johnhttps://www.blogger.com/profile/13214855322600246736noreply@blogger.com