A Balanced Review of The Amway Direct Selling Business
Founded in 1959, Amway Corp. was founded by Rich DeVos and his life-long friend and business partner Jay Van Andel. The Amway Corporation has for 50 years, been offering a wide array of high-quality household, skin care and cosmetic products, and now operates in more than 80 countries and territories. The Amway direct selling business has already helped more than 3 million individuals to own their very own independent home based businesses. Here’s an independent and balanced review of the Amway direct selling business opportunity.
A Look At The Amway Business Model
Amway is a direct selling company that offers a wide array of high-quality products, ranging from household cleaning items, baby care, sports nutrition, weight management, energy drinks and vitamin supplements, skin, body and hair care, oral care, food and beverages and many more.
The Amway Business Owner Compensation Plan is a business model, which according to industry insiders, is a “low-risk” and “low-cost” business opportunity, that’s also open for everyone. The direct selling company rewards its independent business owners with a splendid array of rewards for selling its products, as well as for sponsoring others into the business. With joining Amway, an independent business owner earns retail profits on product sales, and they also get monthly performance bonuses which range from 3% to 25% of the business volume. The monthly performance bonuses generally depend on the distributor’s monthly productivity. Amway also offers monthly and annual leadership bonuses, as well as cash rewards and other incentives for group performance.
And since Amway operates in more than 80 countries and territories, the company adopts its business model to suit different cultural, traditional and economic needs, and conforms to the market standards in the countries it operates. The company’s business model though varies slightly from market to market.
The Pros And Cons Of Joining Amway
Probably the best thing about the Amway direct selling business is that there are absolutely no joining fees required, and the aspiring Amway business owner only needs to undergo a simple screening process to ensure that he or she is the right type of candidate. Some critics however contend that the Amway network marketing program is only for aggressive-minded individuals, because you are asked to sign-up as many people as possible into your own sales network.
Some critics also add that the company has extremely tough rules, which you need to pass before they make any payments to you. Among the so-called stringent requirements includes having to buy back any of the products that are not sold by your sales team members. Some though insist that in order to be bale to receive bonus payments, you must be able to sell to 10 different people each month, or else you won’t be able to receive any bonuses at all.
Amway has been in the direct selling business since 1959, and sells over 450 products. The company has focused on niche markets which target health, personal care and overall well-being. The direct selling company’s payment plan also dates back to one of the oldest network marketing payment plans, and is also known as the stair-step break away plan. While the company’s payment plan is seen by some as not the ideal type, some critics though counter that the payment plan is quite doable. Regardless, The Amway Review finds this multi Billion Dollar Company as a trend setter and industry icon, and will be here forever.
As good of an opportunity that the Amway may be, your success will be dependant on the consistent prospecting of new people for your Amway Business. As with any business, the key to success is in your ability to market it to the masses. To learn how to do so, visit MLM Lead Gen Pros and get a copy of the CD Conquer The Internet Today! That will give you the best training and resources to grow your Amway Business fast and strong.
E Zine Articles Expert Author
508 488 9404 begin_of_the_skype_highlighting 508 488 9404 end_of_the_skype_highlighting
Whitinsville, MA 01588
Lead Gen & Wealth Building