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August 5, 2006
"...never say never on anything."
By Preston in Amway
An interesting article came across my Google Alerts yesterday that I felt enticed to read. The headline "This is not their fathers' Amway" caught my attention. A few things stuck out in my head as things that make you say, "Hmm."
- Now $4 out of every $5 of the company's revenue comes from foreign countries.
- DeVos was president of Alticor/Amway from 1993 until 2002, during which time the company eliminated around 1,400 U.S. jobs - including about 1,000 in Michigan
- "...in the United States, it (Alticor's business) has been flat to down..." says Ben Rudolph, a marketing professor at Grand Valley State University
- 3 million distributors worldwide
- Alticor... reported revenues of $6.4 billion in fiscal 2005. About $5 billion came from outside the U.S.
And finally,
The families say they see the company remaining privately held, believing it gives them a strategic advantage in long-term planning. But they didn't rule out the possibility of a change in the future.
"As a family, we look at ourselves as remaining private but we've also learned over the years never say never on anything," Van Andel says.
What would happen to the non-accredited A/QMO's line about "how well a business is doing since it is privately held at the 6 billion mark?" Just how well do you think Alticor would do in the US if it were taken public, given that $4 of every $5 is made outside the United States? Can it really be called "The American Way" when American's themselves seem to be rejecting the business model?
Comments
It will be a good thing, considering several people mentioned that by 2010 there was some "estimate" that Q sales would be $100 bil...
;-)
insider> if Quixtar sales are up this year, what will be your response?
Joe> PT Barnum said it best: There's a sucker born every minute.
More BS spin by critics..
1. what's the ratio of the US to the Rest of the World?
2. how many jobs have GM or GE cut in the last 10 years?
3. wow you mean markets flucuate? Did any other companies happen to have flat sales?
4. Thanks for the stat ?
5. see # 1 & 4
P.T Barnum did not actually say that, he said There is a customer born every minute.
Tony V,
The point is not that Quixtar is the only business that has cut jobs, moved over seas, or decreased in sales. The point is that Quixtar Diamonds are not honest in reporting the truth and they continue make claims that "The Business" is better than it ever was and people are growing like crazy. They preach American values and criticize companies that hire laborors from other countries. They preach how aweful GM and GE are and how they don't care about their employees and anyone who loves their job with these companies better wake up. They say all these things while Quixtar is no better.
Hey Tony, what's up? Are you still posing as growing ibo too?
JoeCool:
What's the matter, you can't handle someone having an opposing view on your Negative site?
Rara keeps asking why I keep insinuatiing that most of the critics on this site don't want solutions to any of the problems raised, they just want to complain.
You're an excellent example of that!
As for the the International business. WHo do you think is driving the sales internationaly? It started with US Diamonds building their businesses successfully here in the states until it caught on overseas. Many US Diamonds head up the organizations Overseas as well.
Markets fluctuate. Critics would like to believe that Quixtar is on its way out in the US, but all signs point the fact that the corporation is positioning itself for mainstream breakthrough in North America.
So 50 years from now, JoeCool and others will probably still be creating their little negative websites, while IBOs will continue to progress and generate more and more profit for themselves.
To all the critics who are seeking POSITIVE change. Thank you. You are making our business stronger. Be careful not to cloak down right deragatory, fabricated, and misrepresented commentary (only meant to tear down) in a fog of suggestions meant to "help the victims" of AM/QUIX.
"...but all signs point the fact that the corporation is positioning itself for mainstream breakthrough in North America."
Wow, that makes me extra glad that I didn't get in on the 'ground floor' when Quixtar kicked off 6+ years ago. I would have wasted a lot of time - with the corp. not positioned properly and all...
Through the roof, baby!
Coolbreeze, want to show me where I complained?
Tony and I go way back. Go read from archives from July 2005.
CoolBreeze said: "So 50 years from now, JoeCool and others will probably still be creating their little negative websites..."
Doubtful. In 50 years, JoeCool and others will probably be engaged in a war against the machines, using their laser guns to fight for not only control of the Earth, but for the very existance of humankind.
CoolBreeze,
Could you state specifically what the "signs" are for mainstream breakthough?
Thanks in advance.
I don't see the signs Quixtar is significantly growing either. Sales are down, despite a growing population. I would also say market share is down, since the number of N. American IBO's is relatively the same as it was 30 years ago, despite a huge growth in population. To me, this shows a stagnant at best business.
Maybe the new direction will have a significant change. Given Amway/Quixtar's history, I'm skeptical. But of course, past performance does not indicate how a company will do in the future.
I guess the only sign would be "Dead End".
"Doubtful. In 50 years, JoeCool and others will probably be engaged in a war against the machines, using their laser guns to fight for not only control of the Earth, but for the very existance of humankind." -your boy fleak
that's good humor right there! that's hillarious...
Thank you nimblix. That is no doubt one of my best.
Amquix will never go public. They tried that back in the 90's to raise capital for their expansion into Asia. A few years later they bought back all the shares.
SEC regulations required they had to give out too much information about their operations. If they had to that in the U.S. how could ibo's lie about how great things were going in the U.S.?
if Quixtar sales are up this year, what will be your response?
Posted by: insider | August 5, 2006 11:31 PM