Amway (abbreviation for American way) is an American company who use multi-level marketing ideas to sell certain products in beauty, health and homecare industries. It’s probably the most fruitful and popular network marketing company currently. This company has been around for more than 50 years and has achieved more than a billion dollars in sales and as a result attracted so many people to join its team. However, most people who join become failures but these can be avoided. There are basic principles to follow if you wish to make money hand over fist on Amway.
The main challenge encountered by these Amway representatives, is that they are recurrently being trained and educated using the same techniques that were used in past years. With advancement in technology and leaving in the kind of world we are in today, some strategies and techniques may be “inadequate”. These representatives may face challenges in acquiring the right target market for their products. However much others could be still useful, others may not be as effective as they were back in the day.
Most people for instance introduce friends and family to their business but the truth is that they may not be the suitable people. They may not be trying to build a business with you and although you may be doing all you can to help them out they might not have the same mindset as you when you first got into business. A technique like holding house parties where you or another member of your sales group also presents only means that you are limited to exhibit your product to very few people. Additionally, the home atmosphere of presentation is often tense and most network marketers involuntarily use pressure to sign people up. Anyone with this kind of feeling of pressure may not be comfortable as long as they are in the company.
Chances of talking to someone let alone get them to sign up in this time and era where most people screen their calls, is very slim. This could be a dreadful for any network marketer since their main business is to purchase leads then use those leads to pitch their business. With no leads, there is no business therefore a technique like cold calling is surpassed by time. This technique will allow you to only get through to very few leads you call hence end up being a time waster.
With technology multi-level marketing could be so easy. The internet could help you attract more people to look into your Amway business hence u get to only choose the ones you express interest in ,give them whichever information they may require online and guide them on the sign up process. This technique is known as sales funnel where a marketer opens a “funnel” and once a prospect enters, the rest of the sign up process is put up practically on auto pilot. Knowing how to make money on Amway can be easy once you start using sales funnel and other modern marketing strategies to sign up more distributors hence make more money.