Amway is considered one of the oldest MLM and network marketing companies around the world. While most people associate this company with numerous pyramid schemes out there, it is in fact a legitimate MLM business that wouldn’t have been successful for this long if it was just another scam. Amway Corp. was founded in the late 1950s and has grown to be one or the largest direct selling company in the world.
MLM is a marketing strategy that looks like a pyramid scheme but in actual sense it isn’t even close to that. It is true that it looks like one especially since one can recruit other people to work under them while they benefit from commissions they get as more people below them sale health and wellness products.
Amway offers home based products like washing powders, beauty products as well as health and nutrition products. Nowadays they also deal with jewelry, insurance and a lot more. In general, Amway offers a lot of products that are liked by many people around the world. If you think that these products are of poor quality then you could have been more wrong. If Amway has managed to be in this business for so long then it means that they only offer high quality products.
Amway has a compensation plan where one is rewarded for their hard work. This company has managed to be so successful all those decades working with this principle. Their compensation plan allows one to be rewarded for selling their products and also earn commissions when they convince others to join the company and do the same. The company refers to their salespersons as ‘independent business owners’ which in actual sense is very true since members of their affiliate program can earn as much as they want. In simple words, the profits they make will depend on how much hard work they put in selling their Amway products and convincing other people to join the company under them.
According to Amway, there are three steps to being successful as their salesperson. First, one has to know about the products they offer and they can do this by becoming consumers themselves. Secondly, they should be able to sell their products and they can train you a little bit to be a successful seller. Lastly, one should be able to convince others to join the company and sell their products as well. If these 3 steps are followed to the letter then one can be rest assured that they can be successful in this business.
Amway is a practicable business model that several people have been successful in. On the other hand, many people have been unfortunate and failed at the business. This is however, not the fault of Amway but rather the individuals themselves. Most individuals join the company thinking that they are guaranteed earnings without making any effort. They come to their senses once they realize this is not the case and they can only make money by working hard and be dedicated.
An Amway business rewards you for selling products and helping others you sponsor to do the same. Your rewards grow with your business. You earn income from retail profit, monthly performance bonuses, monthly and annual leadership bonuses, and other cash and business incentives based on personal and group performance.