After a long search I finally found a high level pin in the Quixtar business willing to talk hard facts about his group's financials. I have always been on the look-out for a high level pin (Emerald or above) who would be willing to tell me his group's BV and what his group was spending on tools through his system. Well folks the data is not too far off from what I have been hearing from Quixtar distributors for years now. Here's the data.
For an Emerald group of active 700 distributorships, there was total LOS tools sales of $2,100,000, or an average cost of $3,000 per IBO. This includes costs of books, CDs, Website, and Function Tickets. This does not include travel expenses, baby sitters, or meals.
...For the Non-platinum distributors there was a total of just $84,000 in bonuses distributed. This amounts to an average gross income of just $10/month per distributorship. The typical active system IBO is losing about $2,800/year on system expenses alone.
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While I don't doubt that this amount of money can be and has been paid by IBOs…but Larsen's unnamed IBO still puts the "fact" into question.
"Well folks the data is not too far off from what I have been hearing from Quixtar distributors for years now."
Okay, he says he's been hearing this for years, and has been searching for a high level pin to substantiate the fact. So now, he's telling us he found one.
Without the name of the IBO, it still lacks definitive credibility.
But, I do believe "system IBOs" lose money a great deal of the time.
Dave
There is no need to name a source. Reporters don't name the person that gave them the information.
The information is still valid.
All I have to say is this… I am sorry that you all had a bad experience with a person not confident in what they had their hands on. I do everything in life with integrity and truthfulness and really have a problem with someone who can't. Those people give us all a bad name.
Bob,
I assume you are a Quixtar IBO.
Do you tell people up front that the chance of making a significant (diamond level) income is .0076%?
Inlucding me, my sponsor and EVERY one in our group lost more than they made. Even the person who signed up and did nothing lost sign up fee. Few got it re-imbursed but hey, they lost some minutes
My upline, sponsor of my sponsor might not be losing money. All non-platinums were, big time!
Why did Larsen get the tools expenditure from his source, but had to make up the BV using a hypothetical barely qualified Emerald?