The Amway Business Opportunity Review

<<<=== Start & Share Over Here =)

Amway business opportunity

Amway is one of the oldest operating direct selling companies in the US. When they started in 1959, they only had one product and a local presence; fast forward to the present and they now have several product lines and a recognizable global presence.

There are more than three million people in over 80 different countries that have started their own businesses and have taken advantage of the Amway business opportunity. They’ve consistently reported over $10 billion in annual sales in the past 2 years. This is exclusively generated by their international network of distributors.

Product Offerings

They have a wide range of offerings in their catalog. A few of their popular product categories include; Nutrition and Wellness, Household Cleaning Products, and Beauty. They also have a line of healthy cookers, water purifiers and air purifiers.

Their products are geared towards consumers who want to live a healthier lifestyle. Pricing is comparable to premium quality equivalents at regular retail outlets. However, the allure of buying an exclusive product also gives an impression of quality and luxury providing and excellent selling point for dealers.

Amway regularly adds new products to their catalogs. They are constantly researching for new and better products to sell. They run their own R&D Labs which helps them stay ahead of the competition.

Taking advantage of the Amway business opportunity

Interested individuals start out by registering as an Independent Business Owner (IBO). This gives them access to the Compensation Plan. It’s recommended that they contact an IBO in their area to help them get acquainted with the details of the marketing and compensation plan. They have very detailed business reference manual that is better explained by someone who has experience being an IBO.

Amway products dealer have the advantage support from an established corporation that has over fifty years of experience in direct and referral marketing.  The training resources they offer help dealers get established much quicker.

Orlando Magic Team Shop Amway Center Downtown Orlando

How an Independent Business Owner Earns

Immediate income is earned from the mark up applied to the Amway products sold. Since products are sold at a discount to an IBO, they are able to get a profit from the mark-up. There are suggested prices for each of the products to guarantee the amount earned and avoid unhealthy competition between dealers.

Keeping to the suggested price also acts as an incentive for a buyer to sign up an IBO if they want to get higher discounts.

The  second income channel in the Amway business opportunity is created by building a network of downline IBOs. These are people you’ve recruited to become independent dealers for Amway products. You get a bonus based on the sales they generate.

Sales are tracked using a point system where each product has a Business Value and Point Value. BV determines how much you can potentially earn while PV is the basis for the actual percentage of the earnings you will receive. This is computed on a monthly basis.

There are several ranks mentioned like diamond and platinum; attaining these ranks depend on the sales volume generated by you and your team and the ability to consistently hit targets over a given time period.

Without going into specific details, in an ideal situation, a determined IBO will be able to build a business that can easily earn him  a respectable income well into the hundreds of thousands per year. It will require a significant amount of time and effort to build and establish an organization large enough to reach this level.

There are also awards and corresponding monetary bonuses given to IBOs with exemplary performance. An IBO must also be in compliance with all prescribed rules of conduct to qualify. All of these are discussed in the comprehensive compensation plan documentation.

Training and Support

Amway regularly reaches out to their IBOs. They offer useful information that can be used for sales and recruitment. A quick google search will yield a lot of useful information. Most of these are from Amway IBOs who are recruiting via online channels. For more detailed resources, the official website is recommended.

You might want to check the online strategies of IBOs. They can help you get a better feel for the business and possibly avoid expensive mistakes.

The training materials aren’t enough by themselves, getting the support of an experienced mentor will also improve the odds in your favor. Being part of a supportive team will help you build your business faster.

Potential Challenges

One potential challenge facing Amway IBOs is saturation. Since they’ve been around for several decades now, there’s a high probability that someone in a prospective IBO’s area is already offering Amway products. This won’t be a problem in the smaller cities and towns. However, there are other challenges present in less urbanized locales such as the untested purchasing capacity of the target market.

There are a lot of negative impressions regarding the tiered compensation plan that Amway implements. Since it’s basically the same concept being exploited by scam companies, Amway and other direct selling companies who use this type of incentive program are grouped together unfairly.

However, there have been instances of unprofessional IBOs who leave their recruits out to dry, so be careful who you choose to sponsor you. The same goes for the people you choose to recruit. Build your team from trustworthy and driven people to reach the goals you set out to achieve.

2010/10/02 at Amway CENTER.

A summary of the Amway business opportunity

-          Amway is an established company with decades of experience marketing their products via network marketing

-          They focus mainly on “healthy living” products like Nutrition and Wellness, Household Cleaning Products, and Beauty.

-          They sell products that are available exclusively through their network.

-          Products are developed in-house at their own R & D labs

-          They have a global presence with dealers and partners in over 80 countries.

-          They are one of the largest global retailers; just below the top 100.

-          They offer direct income opportunities and extensive performance based incentives to their sales agents. The incentives are understandably, based heavily on sales generated by the individual and the team he’s built.

-          Amway is pretty strict about compliance with local laws and requires partners to review their Guide for Independent Business Owners. Failure to comply disqualifies an agent from performance incentives.

 




Enjoy This Content?

Join the newsletter and let's stay connected!

PLUS Get 5+ Hours Of Free Video Training: "My 6 Figure Website Secrets Live Step-by-Step Case Study "





Be Sure To Comment, Like & Share!

  • Facebook
  • Google Plus
  • Twitter
  • LinkedIn
  • Pinterest
  • Email
  • RSS

About 

Eric is a catalyst for online business success. He provides strategies, knowledge and platforms that get results in weeks, instead of months or years. His primary focus is to enable and empower other business owners and entrepreneurs to grow their business and build a better life.

The Amway Business Opportunity Review
5 votes, 4.60 avg. rating (91% score)
55 Comments
  1. Great information however, there is something in addition distributors should be informed on which I would like to also say. I don’t suggest that distributors ever pay for any lead system when there is a great free option for this. See my Amway Reviews posting and also access a no risk free lead system that will advertise you and any business you are in at http://mlmnetworkmarketingreviews.com/amway-reviews

  2. Thanks Eric. Very informative Amway review. Amway still provide great business opportunity.

  3. Amway Business Opportunity is great, I just signed up for it, and I will say it's definitely worth it. You guys should too:))

  4. This company should be considered as one of the most most advanced companies in the nation!!!!

  5. Sounds like a great company to obtain products for your own business.

  6. This seem like a great opportunity to make some extra money. The company has a long track record of success. I also love the variety of product that are available for sale.

  7. This company is the best company. You can try with this for your needed.So You can use this company product.

  8. Great range on products and support services. Worth looking into.

  9. wonderful business opportunity. I like it very much. thanks for share with us. I will share with my friends and relative.

  10. Amway has been around for so many years, don't see how anyone could go wrong using the products or selling them.

  11. I was talking to my personal barber a few weeks ago and he was showing me his personal website. I must say that I was very impressed with the numerous products and different methods of earning income.I am seriously thinking about signing up.

  12. A few weeks ago my personal barber introduced me to his personal Amway Website and I must admit that I was quite impressed. They have multiple high quality products and you can earn income using different methods. I myself am seriously considering signing up as an IBO. Great article!

  13. I think it would be a great help to my friend because he has been seeking to start a new business but he does not have any support from anybody. i think they can give him opportunity. My friend would be really happy to know about this.

  14. This is a great opportunity. I love the concept of direct selling. Amway businesses has all the necessary components in order to be successful for resellers.

  15. This sounds like a great opportunity from Amway Businesses. My favorite part is the training that is provided. I like there is an automated software to handle inventory and sales.

  16. If there is a company that I could trust, it is the company that have been established for a long time and still going strong. I like the wide range of their products and that it is widely based on the products people use on a daily basis.

  17. Terrific article. Amway is a very well known company and an excellent way to earn extra income.

  18. Looks like a terrific business as well as a great money making opportunity

  19. Looks like a terrific business as well as a great money making opportunity.

  20. wonderful business opportunity. I like it very much. thanks for share with us. I will share with my friends and relative.

  21. This business has good opportunity for people working in this company and also the people buying their products has a benefits, not to mention they have good selling value and it is world wide.

  22. Offers training that is amazing, the Amway business seems the best way to go.

  23. It seems like they have great products, would be a wonderful opportunity for those looking for a flexible business opportunity…

  24. It seems like they have great products, would be a wonderful opportunity for those looking for a flexible business opportunity…

  25. wonderful business opportunity. I like it very much. thanks for share with us. I will share with my friends and relative.

  26. Very informative article about Amway. It seems like a great business opportunity.

  27. Amway sounds like a great opportunity to earn some extra money. I like that they have been around for a while and offer high quality wellness products. I would love to check some of them out!

  28. Amway has been around a long time, so they must be doing something right, although I don't really hear that much about anyone selling their products anymore. It's worth looking into though.

  29. There are lots of opportunities for business but we find very few because of our analysis. Amway Business Opportunity Review has just made it easy for me….

  30. Amway provides useful products from beauty to farming. These are the products that can be beneficial to people. I am an Amway member and I am glad of the benefits they offer.

  31. Amway Business opportunity is really helpful for me. Because I am interested in this product. This product is good. Amway Business Opportunity now in over 80 countries. This company also offering many kind's of training.

  32. I am very interested in Amway Business Opportunity. I will definitely contact the IBO to get more information about them.

  33. This can be a very lucrative opportunity if you know how to work it. Amway has great products.

  34. One could earn lot of benefit and solve their financial problem by incorporating with this business.

  35. It's good business opportunity because Amway provides the best products for the people. With this products we can improve our life style as more stylish and comfortable.

  36. this seems to be a very good business opportunity, great access to product, they offer great incentives not to mention they are one of the largest global retailers.

Leave a Reply

 Subscribe to the Newsletter 

Pinterest
Email