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Amway Home Business Opportunity: Cash Cow Or Dark Horse

November 14th, 2009 admin Leave a comment Go to comments

Amway Review

In 1959, two friends Jay Van Andel and Richard Devos started a joint venture to distribute consumer durables through network marketing. The business was a success and was called Amway, short for the American Way. Following the success of their product LOC, the company came out with more products and in a span of two decades extended its reach to other countries. Soon Amway Global was a flourishing business with operations in more than 80 countries and strength of 3 million distributors.

What Does Amway Sell?

A few of the best selling products of Amway are -

· The Nutrilite brand has a range of supplements that help keeping the body fit and energetic.

· Artistry is Amway’s brand of beauty-care products.

· Satinique is Amway’s hair care solution. This brand offers shampoo and conditioner and is alleged to repair damaged hair and restore nourishment.

· Amway offers Oral care through its popular product Glister.

· Amway was the first to use the term “bio-degradable” when it introduced its detergent SA 8

· Amway’s water purifier, Espring is effective in controlling contaminants from polluting drinking water.

· For the kitchen, Amway has come out with icook, a comprehensive range of cookware created with care.

 

Distributing Amway Products

 

Being an MLM based venture, Amway offers customers an opportunity to become an IBO and distribute the company’s products. Most customers are induced by the income prospects, bonuses promised and the company’s promise to help them earn as well as the top earners in Amway. But we must also remember the fact that good quality is often combined with high prices; there’s a general opinion that Amway products are priced high.

 

A Critical Review Of The Income Prospects In Amway

Your Amway product could be good, but that doesn’t mean you’ll be able to sell all your merchandise. Amway may have its benefits with good margins, regular training sessions that motivate reps to seek business and interesting bonuses, parties and team outings where you could have a lot of fun. But there’s one major flaw in the traditional MLM setup followed by Amway. In the traditional system, reps are taught to contact people they know, offer products demos and promote the product as well as the business opportunity. This technique is operational only till your list of contacts lasts; after this, work may seem unrewarding.

 

When this system is followed, network marketing companies succumb to being accused of adopting the “Pyramid structure” which is banned in several countries. After a point, however hard you work, the profits seem to go to your upline and you’ll run out of contacts soon. Now, you’ll contact people you hardly know, speak to anyone you meet in a public place and call little known people to parties where the main agenda, Amway, is kept a suspense.

 

Amway Wrap Up

Amway global is a good company with a winning combination of products, but the techniques employed to sell its products are not effective. My conclusion is, if you employ the right techniques, this income opportunity could be a cash cow bringing in more money than you dreamt of.

 

How should you market your Amway products?

There are several customers who are interested in products such as those sold by you; but don’t know whom to buy these products from. Cold calling and arranging meetings are now outdated; get all work done through the internet. Online marketing is sure to bring in more profits than you’d ever expect. Establish a system that gets you leads to follow up on and get orders from. You just need to master tricks to advertise selectively on the net to reach your target market.

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