Sholin Tay and Shuchen Huang
The Big Payback – Sholin Tay loves to tell the story of how he got into the AMWAY™ business: “My sister owed me some money because I had paid for her son’s Tae Kwon Do lessons. One day, she came to my office, pulled out a form and said, ‘Sign here. You’re going to be in the AMWAY business.’ That’s how she was paying me back! And I said, ‘OK,’” he laughs.
Sholin owned an insurance business at the time, which was doing well. But one time when he was out of town on an extended vacation, both of his secretaries had to be out of the office for personal reasons. As a result, his customers were not being serviced properly and business suffered.
His AMWAY business, however, took off rather quickly and he was really enjoying it. So he thought, “One business is failing and one is growing. I think I’ll stick with the one that’s growing.”
Shuchen, who was working at a bank and being a mom to their two children, was not thrilled about the idea of helping him out. “I was already very busy,” she recalls. “I didn’t want to do it at all.”
Her mind began to change, though, after they qualified as Silver Producers. “I could see how much better it was when husbands and wives worked together, and how good that would be for the family,” she says. “My parents were in a traditional business and I hardly saw my father when I was growing up. I didn’t want it to be like that for my own children.”
With today’s technology, the world has gotten much smaller than it used to be. We’re in 19 countries now but have a lot more to go! – Sholin Tay
Shortly after that, she was able to leave her job and focus on helping Sholin.
Once they started telling people in their group that their goal was to go Diamond, “We had to do it,” says Sholin. “We wanted to set an example.”
Did they ever. Their business has grown to 19 countries. And they’re even more excited about what the future holds. “Most people in the business world retire at age 65,” says Sholin. “But I believe if I take good care of myself, I can live to be 120 and I plan to continue working until then!”
The average monthly Gross Income for “active” IBOs was $202.
Approximately 46% of all IBOs were active.
U.S. IBOs were considered “active” in months in 2010 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. “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. There may be significant business expenses, mostly discretionary, that may be greater in relation to income in the first years of operation.
The approximate percentage of Direct Fulfillment IBOs in North America who achieved Emerald status in FY10 was 0.0281%.