It’s August of 2022 and we’ve just had our 2nd quarter of negative GDP growth. This is a strong signal for a weakening economy. With fears of a recession on the horizon, many people are starting to worry about the future of their income. One of our AMSOIL dealers sent me a message that her company is already cutting back on “perks” and is laying off people. Many companies do what they can to reduce expenses to ride out the recession. Cutting back hour and perks such as 401K matching, or paid days off or free food and snacks. What does this mean to you? Maybe now is the perfect time to start your side hustle?
What kind of side hustle would you want to start? Over the last several years we’ve known many people that wanted to become real estate agents, or drive UBER or deliver food. This may be great for a short term income producing activity, but is there any residual income with those activities?
Here is an article from our AMSOIL Dealer magazine from the President and CEO of AMSOIL, Alan Amatuzio.
Inflation is out of control, stocks are plummeting and supply and demand are still imbalanced across nearly every industry, disrupting manufacturing and driving prices upward. Many experts predict we’re on the verge of a recession. Well, there’s a silver lining to all this doom and gloom: you made the smart choice to become an AMSOIL Dealer. While an economic downturn certainly affects our business, AMSOIL and AMSOIL Dealers typically fare better than many other businesses thanks to the Dealer opportunity.
In past economic downturns, as times got tough and people sought ways to supplement their income, the AMSOIL opportunity provided an attractive solution. I have heard many stories from successful Dealers who credit their AMSOIL Dealership with carrying them through rocky financial times, or who found the AMSOIL opportunity after losing their job or encountering other financial difficulty. Few things make me happier than those stories. As we enter the latest round of economic uncertainty, we find ourselves in a stronger position than ever thanks to the TN50 compensation plan launching in October. Now, you have a much simpler opportunity to share. It’s easy to explain and understand, and new Dealers can see exactly how much they will earn on every product they sell. We are working on updates to JoinAMSOIL.com now and we’ll be increasing our efforts to acquire new Dealers shortly after the new plan launches. I hope you’ll use these resources to your advantage.
While the past 12 months have presented more than their share of challenges, AMSOIL is as strong as ever. We follow a fiscal year that runs from July 1 to June 30, and last fiscal year we set a goal to achieve 8% year-over-year growth. I am happy to report that we surpassed that goal for the second consecutive year. Considering the volatility continuing to plague our industry’s supply chain, that is an impressive feat. Thank you for working with us to achieve this goal – a growing company benefits us all.
In the fiscal year ahead, it’s very likely we will continue battling supply-chain issues, pricing volatility and now, increased economic uncertainty. I’ve never been one to back down from a challenge, however, and I am once again setting this year’s goal at 8% year-over-year growth. This will not be easy to achieve with a cooling economy and a larger base of business from which to calculate 8% growth, but I am confident we can do it together.
While many see doom and gloom, I see much for you to be excited about. You have a great deal to offer. We have an incredible product line that delivers tangible benefits for customers. We have attractive programs for customers and accounts that deliver ways to maximize the performance of their vehicles and equipment and stretch the value of their hard-earned money. And to top it off, we have an exceptional opportunity to earn income with an AMSOIL Dealership. In times of uncertainty, AMSOIL offers stability. What more could you ask for?
~Alan Amatuzio | President & CEO AMSOIL Inc.
We have been serious AMSOIL dealers since 2000. We’ve been through the dot com crash in 2000-01, The financial crisis in 2008, and the 2020 recession/Covid-19 pandemic. Our AMSOIL Business has continued to grow each and every year. We add new AMSOIL Customers, Accounts and dealers to our team monthly. Secondly in 2022 we are experiencing record inflation not seen since the early 1980’s. Our AMSOIL business has kept up with this inflation perfectly.
Becoming an AMSOIL Dealer is easy! Just go to joinamsoil.com and follow the button Become a Dealer then click on “Create Account I Don’t Have an Account… If this is your first time purchasing from AMSOIL”
Be sure that Michael and Alecia show up as your sponsoring dealer. All dealers must have a sponsor in order to register. The sponsoring dealer is responsible for training, mentorship and guidance in getting started with your business. We have been AMSOIL Dealers since 2000 and are here to show you the ropes.
