Amway Independent Business Owner Review
There is a lot of online marketing and other marketing business around that is advertising in the hopes that you will invest in their business.
Some of these are scams, and some are a complete waste of time; in this post, I will look at an MLM site:- AMWAY.
Amway business summary
Business Details
Headquarters
7575 Fulton St E, Ada, MI 49355-0001
BBB File Opened:
1/3/1970
Years in Business:
60
Business Started:
10/9/1959
Business Incorporated:
9/6/1949 in MI, USA
Accredited Since:
10/1/1991
Type of Entity:
Corporation
Number of Employees:
21000
Alternate Business Name
- Amway Corporation, Alticor
- Alticor, Inc.
Contact Information
- PrincipalMr. Doug De Vos, President
- Customer contacts. Paula Voss, Legal Specialist
- Other ContactsMr. Scott Balfour, Vice President Lega
- Mr. Steve Van Andel, Chairperson
Additional Contact Information
Phone Numbers
- (616) 787-7000Other Phone
- (616) 787-6000Other Phone
Website Addresses
WHAT IS AMWAY
Amway is one of the world’s largest direct-selling businesses. The company sells products for nutrition, beauty, personal care, and the home.
Amway is family-owned, financially stable, and led by a diverse global management team that supports Amway Independent Business Owners and their goals.
Amway is built on principles, people, and products that have touched millions of lives around the world ( taken from the website)
WHO is Amway’s independent business owner for
Amway business is for persons who want to earn extra money or want to have a company they can operate on their own time.
How do you make money with Amway?
According to their website, there are three ways to earn money from Amway.
Sell quality products that people use every day
- . Earn in three ways:
- Retail margin from every Amway™ product you sell.
- Bonuses are calculated from your business growth. ( recruit others to join Amway)
- Incentives are rewarded as you reach key milestones in your business.
- Selling Amway™ products with a retail markup and pocketing the margin.
- Earning personal sales bonuses based on your volume of products sold.
- Achieving Growth Incentives for building a team of others, who in turn also sell Amway™ products.
Bonuses: IBOs can earn monthly bonuses based on their sales volume (how many products and what types of products they sell).
Growth Incentives: As their business grows and they sponsor new team members, IBOs receive monthly bonuses based on the product sales volume of their team. IBOs earn Growth Incentives for reaching key business-building milestones, such as one-time cash awards and business trips.
You Have to Know How to sell, and very few distributors Turn a Profit; running your own Amway business is a sales job.
To succeed, you need to be able to sell and promote the products to consumers and the system to new distributors.
So if you want to make money you have to requite, you also earn a commission on every sale your requites make.
Here is one review found on Glassdoor.https://www.glassdoor.com/Reviews/Amway-make-money-Reviews
I have been working at Amway
Pros
Great flexibility and any other pros that come with unemployment.
Cons
Multilevel marketing (pyramid scheme). You technically sell products but make most of your money tricking people into this hell hole company.
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How much can you make
Amway.com states that only 48% of their independent businesses are active, making about $200.00 per month.
Growth Incentives: As your business grows and you recruit new team members, you will also receive monthly bonuses based on the product sales volume of your team.
You earn Growth Incentives for reaching key business-building milestones, such as one-time cash awards and business trips.
Amway offers a performance-based compensation plan. How much IBOs earn is dependent mainly on how much time and effort they consistently put into their businesses.
Amway claims you do not have to recruit to make money, but looking at the structure of how to make money with Amway, I do not see any other way to make decent money.
Their products get good reviews as being of good quality, but the overall complaint is the price.
Is Amway A MLM?
Yes, Amway is Direct marketing or MLM
Multilevel Marketing, or MLM, is a system for selling goods or services through a network of distributors. Multilevel marketing is also referred to as Network Marketing or Direct Sales .https://www.thebalancesmb.com/multilevel-marketing-mlm-2947187.
Is Amway a Legit CO
Yes, Amway is a legit company, accredited by the BBB, and has a four stars rating; it has been in operation for over 60 years.
In 1979 Amway was taken to court and charged with being an illegal pyramid scheme, but after four years, the 1979 FTC ruling vs. Amway, Amway managed to survive.
The FTC case did find that ‘Amway had made false and misleading earnings claims when recruiting new distributors.
The FTC found that Amway differed from Pyramid scams because they did not charge a significant joining fee. The case also found that Amway did not promote inventory loading, leaving distributors with a stockpile of products that could not be returned.
Pros
To become a member costs $100 and can be refunded within 90 days if you change your mind.
Cons
- Very few people generate a profit – only 0.3% of MLM members will turn a profit. I. You might earn a commission cheque or two, but chances are your income will be less than your expenses
- You can not succeed unless you aggressively recruit new members – the only way to make money in Amway or any MLM is to have many people beneath you in the system.
- You will need to approach as many people as possible and try your luck at recruiting every one of them.
Final thoughts
I have been involved with MLMs before Avon and Herbalife, I was not too fond of the idea of almost forcing people to join, It made me feel uncomfortable, and even though the products were good, I never could sell enough to cover my expenses.
But everybody is different, and maybe you would like the MLM method of earning money.
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My Thoughts
Many of us are looking for ways to make money online, and you can make money online from the comfort of your home or anywhere you choose.
One of the great things about the internet is that you can go into business for yourself from the comfort of your home.
It would be best if you had an internet connection to a computer to make money online.
Running your own business online will allow you the freedom from the daily 9 to 5 desk job.
You will be able to travel, indulge in hobbies, and be with your family,
There are more profitable ways to earn online than on surveys or GPT sites; of all the ways to make money online, I favor affiliate marketing,
I have written a post about the many ways to make a living online ( you can read it here.) What is affiliate marketing, and why affiliate marketing, you ask?
Affiliate Marketing
Affiliate marketing is one of the best business models to make money online, and you can start for free.
As with these sites, the potential for earning anything substantial is almost nill, but there are other earning opportunities online that can be better income earners,
There are more profitable ways to earn online than on surveys or GPT sites; of all the ways to make money online, I favor affiliate marketing,
I have written a post about the many ways to make a living online ( you can read it here.) What is affiliate marketing, and why affiliate marketing, you ask?
Affiliate marketing is one of the best business models to make money online, and you can start for free.
What Is Affiliate Marketing?
Affiliate marketing is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services.
The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.
Affiliate marketing is not a get-rich-quick endeavor; it will take some work and patience, but you can do it.
What Are The Benefits Of Affiliate Marketing?
The benefits are many, but I will list a few:
- No huge startup costs!
- No selling face to face!
- No stock to keep or manage!
- No recruitment is involved!
- No taking of endless surveys!
- No vast investment involved – (Get started for FREE)
- And no working for someone else!
- You can operate in any market you wish! – even your hobbies & passions!
- Earn a full-time income & more! No limit to your earning potential!
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This company has been around since 2005 and has members from around the globe,
This company has an outstanding reputation and has produced many super-affiliates; they have the very best community that is very active, friendly, and helpful.
With the free membership, you will get ten lessons, a website, a domain (for a time), and free web hosting; you need not be an expert; you will become an expert; you have nothing to lose to try; it is FREE.
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Disclaimer:
This Amwayreview has been researched with information and testimonials available online in the public domain. The conclusions drawn are my opinions.
NOTE: This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you)