Published by Mr. Contrarian
I found this information online.
http://www.thisbiznow.com/quixtar/ibo_statistics.html
A quote:
IBOs earned $370.1 million in bonuses and incentives in fiscal 2006, bringing their seven-year total to more than $1.72 billion.
More than 370,000 Independent Business Owners received a bonus in FY 05.
thus:
$370M was earned as bonus in 2006. and $1350M was earned as bonus in the six years inclusive from 2000-2005.
thus […]
. Nov 11, 2008
Filed under: Amway, Amway, bonus, Business Model, downline, IBO, Quixtar, upline
Published by Mr. Contrarian
I want to thank the poster from “ibofightback”, who signed off as “IBOFB”. I appreciate the response. My original post wasn’t meant to be a slam against Amway or any other retailer, but simply a black-and-white analysis of the business model. Bottom-line—if you are in the retail business, then all profits flow from sales generated […]
. Nov 11, 2008
Filed under: Amway, Amway, Amway Global, Business Model, downline, IBO, IBOFB, MLM, pyramid, Quixtar, scam, upline