Omar Fabel has been a “big thinker” his entire life, setting goals, putting in the required hard work, and quickly achieving them.
It worked when he was 12 and wanted to become an actor. And it worked later in life when learned about the Amway opportunity.
The Cuban immigrant achieved his childhood goal by high school. He became an extra in Hispanic telenovelas on a prestigious TV network, moved on to speaking parts and eventually earned a role as a regular character.
Passions don’t always pay the bills
But he soon learned that financial stability was not part of an acting career. “I was working really long hours and getting recognized on the streets of Miami, yet I wasn’t making the money to compensate for that fame,” Omar said. “I couldn’t survive on my own.”
He began working a second job, but the combined long hours began taking their toll. He was exhausted and discouraged. Then he learned his acting agency was not working in his best interest and he was forced to leave acting.
He found a job at a law firm earning $15 an hour, but that still left some financial gaps. “Between work and my commute, I was putting in 13-hour days and still not making enough money to live a comfortable life. I was stuck.”
New goal: Business ownership
It was then that Omar reconnected with an old friend who had become a successful Amway Independent Business Owner, and a new goal began to take shape. “He was in control of his life, making money doing something he loved and really enjoying himself,” Omar said. “I desperately wanted that.”
With a start-up cost of only $62, Omar saw an opportunity in the Amway business and he grabbed it. His natural drive kicked in. He learned everything he could about the business and products, taking advantage of every available training.
Entrepreneurial benefit: flexibility
When Omar became a full-time business owner, he discovered the joys of entrepreneurship, including the flexibility to set your own hours and work as long or little as you wanted.
“I suddenly was in charge of my life,” he said. “With acting, the agency controlled my income and it always depended on landing that next role. Likewise, the law firm set my time and my salary.
“With Amway, I depended on myself. I realized I could build my business anywhere, any time. It was very liberating.”
That flexibility allowed him to expand his goals beyond his own success. “I have a lot of young people in my business,” he said. “There’s nothing more powerful than really connecting with them and making a difference in their lives.”
He and his team also embrace the mission of Amway to help people live better lives. A key part of their business focuses on giving back to the community. Their mission is to make a living by giving.
“The Amway history is built on a passion for people and community. I’ve seen it across the United States and around the world. I want to continue that legacy and have that great of an impact.”
The average monthly Gross Income for “active” IBOs was USD $207 (in the U.S.)/CAD $186 (in Canada). Approximately 48% of IBOs in the U.S., and 52% of IBOs in Canada, were “active.”
IBOs were considered “active” in months in 2016 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 $2,484 (U.S.)/$2,232 (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 2016 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.