The Amway network marketing business opportunity is one of the longest serving M. L. M companies in history serving its customers and members for over fifty years. Founded in 1959, Amway has seen annual sales of around US$8.4 bn. and has driven on to have a fantastic level of success. Amway has grown to be one of the largest Multi-Level Marketing opportunities on the planet and operates in more than 80 different countries. This company has created numerous millionaires by reps working diligently to reach this status creating 6 figure incomes every single month. There are always top earners in every field of business however how practical will it be for you to become a top earner within this company or ultimately will it be simply a waste of your time?
Amway products consist of healthy vitamins, supplements, high energy juices, beauty and body products like make up, body lotions for example. Amway has such a wide range of selling items that you can even find goods like cooking pots, car & home cleaning liquids and even jewellery for sell as well . In total Amway offers around 450 products. Distributors have such a abundant list of stock items it shouldn’t be hard to sell things even if customers are just browsing. Price ranges depend on what products are sold of which distributors make good commissions. In 1999, Amway teamed up with a company called Quixtar which form part of the Alticor Group who then developed the Amway network marketing model.
Amway has around ten thousand staff and almost 3 million Independent entrepreneurs ( IBOs ) globally. The determination to stay as the top direct selling corporation makes Amway stand proud of other Multi-Level Marketing firms.
The Amway network marketing opportunity works in a similar way to most other M.L.M companies now available, sell x amount of the product, sponsor x amount of distributors and your financial freedom is handed to you, sounds extraordinarily simple and straightforward. The marketing strategies encouraged by Amway are to sell and sponsor those from your direct warm market i.e. friends, family, neighbours etc . This is a proven system by a lot of network marketers that has produced superb results. There are however some major difficulties that come along with this marketing method for some representatives. Network marketing is a people business which requires other entrepreneurial folks to join your down line. If you already have targeted, determined people within your warm market then you should find it quite a straightforward process to sign them up, if you don’t have these types you will need to seek for these few and far between people which can prove extremely exhausting and unrewarding.
The Amway network marketing opportunity has had sceptics watching each move made by the company and was eventually able to take Amway to court on charges of illegal pyramid practice. The prosecution were never able to prove this charge so Amway continued with business as normal. With most businesses of this nature there are always folks who don’t understand this industry and are fast to reach an unjustified conclusions wasting peoples time and cash in the process. Network marketing is nothing like a pyramid, an important factor to remember is pyramid schemes hardly ever have a product connected with the business, instead just money is paid in with the hope that you receive it back plus 20% for instance. Amway operates in a totally different way and has over 450 products of which representatives sell to customers to make an income.
The Amway network marketing business model does have the potential to create your financial freedom however as discussed above marketing this business can prove more complicated than it sounds. Within my own mlm company It took me a while to grasp talking to individuals like my neighbour who had no real interest in becoming an entrepreneur at all was a complete waste of my time. I loathed the incredible amount of rejection that I faced not to mention the amount of cash I wasted on telephone calls, petrol, hotel suites, leaflets and so on.
Some Amway Marketers have become reliant on internet marketing allowing them to open doors that they had never done before. Network marketers are always taught warm market methods with the basic fundamental being people may join your team because they know, like and trust you, put any decent business model in front of them and there’s a possibility of them joining solely because of you. Working online is a much colder market however using personal branding (attraction marketing) methods like creating blogs and lead squeeze pages is a way for prospects from all areas of the world to learn more about you and what it is you do so turning a relatively cold market into warm.
Online marketing has allowed Amway reps to generate 50+ leads each day nearly on autopilot which is great. This solution to marketing has had wonderful results worldwide making millionaires in the process and could help practically any person in the world have better success within any MLM company including your Amway network marketing business.