Quixtar Blog: 997 New Quixtar Platinums:
In 2004 I posted about the Quixtar Platinum INDEX which gave some insight into the performance of Platinum businesses. Great information.
But do you know how many IBOs became new Platinums that year? A grand total of 997 with nearly one third of them achieving the Platinum pin in August 2004. Congratulations Quixtar Platinums!
I hope to have 2005 numbers soon but unfortunately I hear they're down a bit from 2004. Oh well, Silver's not so bad.
UPDATE: The 2005 numbers are in! 559 new North American Platinums for FY 2005 which may be different than the calendar year which is where the 997 figure for 2004 comes from.
Now, I am no math major but isn't 559 less than 997?
Is that growing or shrinking?
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On an individual IBO level, it's both. Some people are building bigger businesses, and I would bet a lot of others are falling out of qualification (shrinkage).
For the company as a whole, it can't be good news. They are seeing diminishing returns. I would love to see how many total qualified platinums and above there are from one year to the next. It seems like that might tell the story better.