Volume 8, Issue 4
For Amway Founders Rich DeVos and Jay Van Andel, as well as the IBO Leaders who established the IBO advocacy organization now known as the IBOAI®†, success in the Amway business is earned by people helping people from all walks of life in myriad ways. It extends beyond earning income through the business. An IBO’s success is also defined by the time and talent he or she freely gives to others so that they may also have the opportunity to fulfill their dreams. The legacy created by the forward thinking of Amway and IBOAI® founders flourishes today.
Fred and Bernice Hansen, Joe and Helyne Victor, and Jere and Eileen Dutt exemplify leadership, determination, generosity, and patriotism as characterized by the Founders’ Fundamentals – Freedom, Family, Hope, and Reward. They are the pioneers and heroes of the Amway opportunity and have earned the respect and admiration of IBOs and their families around the globe. The Founders Memorial Scholarship Program was created in honor of these outstanding role models. Each year, three individuals are thoughtfully selected and awarded scholarships for their demonstrated leadership, caring, vision, and commitment.
Fully supported and funded by Amway North America, the IBOAI® Board, and the founding families, the Hansens, Victors, and Dutts, the Founders Memorial Scholarship Program embodies the philosophy of helping yourself by helping others thrive. It celebrates Freedom, Family, and Hope – and rewards three extraordinary individuals for their hard work with scholarships to further their education. “Scholarships for young people with great potential help them get the education needed to improve their lives and the lives of others,” remarked Jody Victor, Crown, IBOAI® Governance & Oversight Chairman, and son of IBOAI® Founders Joe and Helyne Victor.
†IBOAI® is a registered trademark of Independent Business Owners Association International. ††American Heart Association® is a registered trademark of American Heart Association, Inc.
The average monthly Gross Income for "active" IBOs was USD $183 (in the U.S.)/CAD $206 (in Canada).
Approximately 53% of IBOs in the U.S., and 49% of IBOs in Canada, were "active."
IBOs were considered "active" in months in 2013 when they attempted to make a retail sale, or presented the Amway IBO Compensation Plan, or received bonus money, or attended an Amway or IBO meeting. If someone sustained that level of activity every month for a whole year, their annualized Gross Income would be $2,196 (U.S.)/$2,472 (Canada). Of course, not every IBO chooses to be active every month. "Gross Income" means the amount received from retail sales, minus the cost of goods sold, plus monthly bonuses and cash incentives. It excludes all annual bonuses and cash incentives, and all non-cash awards, which may be significant. There may also be significant business expenses, mostly discretionary, that may be greater in relation to income in the first years of operation. For the purposes of the calculation in Canada, individuals who were IBOs for less than the entire year in 2013 were excluded.
Before registering as an Independent Business Owner (IBO) powered by Amway, you should read and understand the AMWAY™ Business Overview Brochure, which contains important information for those interested in becoming IBOs.
Following are approximate percentages of IBOs in North America who achieved the illustrated levels of success in the IBO Fiscal Year ending August 31, 2014: Executive Diamond and Above; 0.0146%.