Wondering What Is the Amway Opportunity? To be specific, it offers the opportunity to earn extra income. Certainly, knowing What Is the Amway Opportunity can give you a better understanding of getting into the direct selling business.
The focus of this post looks closely at What Is the Amway Opportunity? Firstly, this business model is a multi-level marketing (MLM). Really, this business is not for everyone. That’s why I no longer have an account with Amway. And I now share the memories I have about this company.
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“An investment in knowledge pays the best interest.” (Benjamin Franklin)
According to Amway Global: “Amway offers a low-risk, low-cost opportunity backed by a money-back guarantee, which helps people make informed decisions about whether Amway is right for them. Amway also invests heavily in training and education to help new ABOs get the best possible start.” (ABOs are Amway Business Owners)
Table of Contents
What Is the Amway Opportunity: 9 Facts Revealed
- You will discover that it is not a “Get Rich Quick Scheme.”
- Neither does it replace a 9 – 5 job.
- At your own discretion, you work whenever and wherever you’d like.
- Primarily, you are your own boss.
- As a member, you don’t work by yourself, but with a support team.
- The support team shares advice and mentors
- Sell high-quality products directly to customers
- Preferably, sell in person, but you can also sell online
- Present and sell products that customers need and use every day
- Choose from over 350 products in Nutrilite vitamins and supplements, Artistry skincare and cosmetics, XS sports nutrition and energy drinks, and household products
- Basically, the opportunity offers a way for you to start your own business.
Because the company offers such a wide product choice, your business can focus on nutrition, beauty, personal care, or products for the home. Sure enough, there is no shortage of what you can sell.
Furthermore, there is no need to purchase and stack up any product inventory. Neither is there a requirement to meet a purchase minimum every month. Moreover, there is no monthly fee to remain an active member of the company. Of course, you can discontinue the business anytime.
Though all of this may sound good, you’ll need to have money to purchase the products to sell. Think about the expense and compare it with Affiliate Marketing.
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“You will never know how much you can accomplish until you try.” (Lailah GiftyAkita)
Overview Of The Company
World Headquarters: Michigan (USA)
Founders: Richard DeVos; Jay Van Andel
Year Founded: 1959
Type of Business: Multi-level marketing (MLM)
Products: Vitamins and dietary supplements, beauty products, home water treatment systems, air treatment systems, cookware
Preferred Method of Selling: “Person To Person”
Annual Business Registration Fee: $62 (in the United States) + $99 for Starter Kit (Optional)
Ideal For: People who have an interest in Direct Sales
Countries and Territories Where Amway Operates: More than 100
Website: Amway Global
Ways To Earn Money With Amway
Depending on your global location, you are an IBO (Independent Business Owner) or an ABO (Amway Business Owner). Once you sign up, here are the different ways you can earn money.
- Retail Mark-up
First of all, when you sell the products you can set your own prices with mark-ups. Evidently, this is how you’ll profit from your sales. Besides, you can use the company’s price guide to help with pricing. Usually, they have “suggested retail” prices for all their products.
Secondly, you can get bonuses each month. Based on the types of products and how many you sell, you can receive bonuses.
- Growth Incentives
Recruiting new members to join your group can help your business to grow. Financially, you can earn “growth incentives for reaching key business building milestones…”
Obviously, the monthly payments to each ABO will be different. Important to realize that your compensation depends on your goals, and how much time and hard work you dedicate to your business.
By the same token, the compensation may differ for each country. Checking the Global Business Resources page can give more specific information. Watch this short video to see how the compensation plan works.
“Amway pays on group sales volume, which rewards and recognizes the role a dedicated sales team plays in the ultimate sale of every product, including helping others set and achieve their sales goals.”
Correspondingly, “Amway provides an income simulator in many markets that transparently shows new and prospective ABOs the amount of product they will have to sell, and how they will have to manage their business, to earn their desired level of income.”
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“There is nothing to lose by trying. Define new ways of doing things. Never underestimate the power of an action.” (Lailah Gifty Akita)
Top Direct Selling Company
Another key point to note is that Amway ranks very high among the top private companies in the United States. Indeed, Direct Selling News has the company as number one in the direct sales business for 2019. Then again, Forbes data for 2019 shows the company’s ranking at #44 among America’s private companies.
One key point to note is that Direct Selling News has been ranking the company as number one in direct sales since 2012 – 2019. With revenue topping $8.8 billion, it goes to show that Amway remains a great company.
Actually, many people all over the world trust and use the products. Worldwide, the products are life-changing to many. Take a look at their rating by the Better Business Bureau (BBB). Impressively, the company has a consistent A+ rating. Further, they have had accreditation by BBB since 1991.
Over all these years, there have not been excessive complaints. Thereupon, you can infer that the company rolls out great products. Needless to say, they satisfy the needs of consumers.
Products You Can Trust
Undoubtedly, the company produces great products to help solve some everyday problems. Specifically, they dig into research and science. Looking closely at the data, they proceed to develop products that can help improve people’s lives. Chiefly in nutrition, beauty, personal care, and household products. Notably, the “household cleaning supplies” are eco-friendly.
Among the top products that offer solutions to people all over the world are:
- Nutrilite vitamin
- Dietary supplements
- Artistry skincare
- Water treatment systems
- Energy drinks
Just to name a few. But you can discover the products that have brought solutions for a “healthier, more confident life” here.
Business Starter Kit
Upon your registration, you can also purchase a product starter kit. Though this is optional, getting one has benefits. Particularly, you get to see some products and use them. No doubt, you’ll familiarize yourself with the products, become more knowledgeable about them and share samples with confidence.
Simply, a Starter Kit allows you to learn about the brands Amway offers. During registration, you may also get a coupon to cut down on the cost. Surely, getting a kit is a great way to start your business. Ideally, you can even create your own personalized starter kit.
Let’s take a look at this Starter Kit. Contents include the following:
- XS Energy Drinks – 6 count Variety Pack
- XS Boost + Focus – 10-Tablet Blister Pack
- Nutrilite Double X Vitamin/Mineral/Phytonutrient Supplement – 10-Day Supply
- Nutrilite Twist Tubes 2GO – 20 count
- Nutrilite Wellness Bars – 3 count
- BodyKey by Nutrilite Meal Replacement Shake Mix – 3 sachets essentials by Artistry
- Multi-Protect Lotion SPF 30 UVA/UVB – 5 foil samples
- Artistry Intensive Skincare Renewing Peel – two 3ml mini tubes
- Artistry Signature Color Light Up Lip Gloss
- Artistry Studio Lash Boosting 3-in-1 Mascara
- Satinique Smooth Moisture Shampoo – three 40 ml mini bottles
- Satinique Smooth Moisture Conditioner – three 40 ml mini bottles
- G&H Nourish+ Hand Cream – three 30 ml tubes
- Amway Home SA8 Liquid Laundry Detergent – 250 ml mini bottle
- Amway Home L.O.C. Multi-Purpose Wipes – one pack of 24 wipes
- Sampling bags – 10-pack
- Mini catalogs – 10-pack
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“It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.” (Franklin D. Roosevelt)
Cons Of The Opportunity
- Person-to-Person Marketing
Without a doubt, you can make money with Amway. However, it may take a while. Plus, you’ll need to put in lots of time and effort to see success. Especially if you seriously want to make it a business. Being that the method of selling is person-to-person, it can be discouraging. Surely, returns may not come quickly.
- No Passive Income
Before you delve into this business, let me point out that it is not a passive income opportunity. Chiefly, you are building your own business from it. Still, it can be a very timely process.
- Income May Be Low
Undeniably, the potential to earn big with Amway requires hard work. Convincing people to sign up in your group can be a “hard nut to crack.” Failing that, earnings can be very low. Unless you are making a lot of sales for sure.
Legal Battle Problems For The Company
Like some other companies, Amway has its share of legal battles. Two examples come to mind:
- A legal settlement with the Canadian government in 1982 (source: washingtonpost.com)
- Former Amway/Quixtar distributors lawsuit settlement in 2010 (mlive.com business)
Despite Amway’s legal battles, the company has shown just how resilient it is. Being the top direct sales company for seven years in a row is proof to show that the products remain quite popular. Interestingly, many people still seem to like Amway’s business model too (the MLM method).
Discouraging Traditional Sales Method
Undeniably, doing person-to-person sales can be discouraging at times. Not to mention recruiting people. Such traditional sales method is getting great competition from the internet these days. Moreover, make a list of 100 friends and family to recruit for your team.
Nowadays, there are definitely more effective and modern methods of marketing. Sometimes, friends and family just laugh and shun away from multi-level marketing (MLM). Normally, they are the first ones to tell you all the negatives about this marketing method. The point is that it is hard to get them on board.
Writer’s Note: Don’t like to sell products person to person? Hate doing person-to-person recruiting? Never like to bother friends, family, and others to make purchases from you? Finds it difficult to make business presentations to groups?
Do you feel that you have a resounding yes to all of these questions? Maybe, the Amway opportunity is not the best business model for you. Owing to the fact that it is not for me either, I now do affiliate marketing.
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“Do not fear failure but rather fear not trying.” (Roy T. Bennett)
Amway MLM or Affiliate Marketing?
Remember, getting into the MLM business can be costly. On the other hand, you don’t need money upfront to start a business in affiliate marketing. Truly, this is one of the easiest ways to start making money online.
- Generally, you will:
- Not have to purchase starter kits
- Do away with the MLM method (avoid person-to-person sales, no recruiting)
- Have no need to promote only one company’s products
- Promote and sell products from several companies (no MLM restriction)
- Free to start
Overall, when you know What Is the Amway Opportunity you can get on board with the company or focus on another business enterprise.
Regardless, joining Amway has a positive impact on many lives worldwide. Hence, many ABOs in the US for instance renew their membership at a 60 percent rate. Midst ABOs in Japan, the renewal rate exceeds 80 percent.
Albeit, if you sign up and don’t like the business, the company promises to refund your registration fee. Only within the first 60 to 180 days though. And it depends on the country too. Assuredly, that’s the company’s 100% Money-back Guarantee.
By the way, the company may also repurchase any inventory you may have. In case you no longer have an interest in the business, you can check out their “buy-back policy.”
Even with Amway’s high reputation and top products, you may not get the financial breakthrough you’d like. Seriously, do you want a genuine way to build an online business?
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“If you don’t try, you forfeit the opportunity.” (Frank Sonnenberg)
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