Amway Review : Is This The Home Based Business For You? By James Wehner
Amway Review by James Wehner- In 2007, Forbes placed Amway as the 43rd largest private business in the US. Symbolizing the "old is gold" idiom, Amway has continued with its success spree in the home business industry.
History of Amway
Amway is one of the most popular MLM programs in the entire industry. Founded in 1959, the company has a range of products, including products for home care, health, beauty, jewelry, electronics and insurance. The company headquarters are based in Michigan, USA, while its distributor network truly symbolizes a global business. Amway has large distributor base in the United States, Europe, Australia, China, Japan, Russia and India.
The company was launched by Jay Van Andel and Richard DeVos and does business through several sister companies that have operations in more than 90 countries. The company has battled several lawsuits around the world. In 2008 the sales numbers for the company were more than $8 billion.
Product Review
Amway has one of the most diverse product lines of any MLM company in the world. Some of the products are:
* NUTRILITE: Brand for minerals, vitamins and dietary supplements. * ARTISTRY: Skin care products * Legacy of Clean: Home cleaning supplies * GLISTER: Oral care products * Queen/iCook: Cookware products * eSpring: Water purifiers * ATMOSPHERE: Air purifiers
With each passing year, the company continues to create new products and brands to expand its customer base.
Compensation Plan
With almost 3 million active members and over 50 years of experience in the network marketing business, Amway has a proven compensation plan. The business rewards plan varies for different parts of the world. The individual distributor, better known as the independent business owner, "IBO" in Amway jargon, earns a commission on the sale of products. Representatives also earn significant bonuses on registering new members in their network and override commissions from people on their "frontline". However, the bonus decreases with the sale orders at deeper levels of the compensation plan.
My Bottom Line on Amway Marketing
I am sure Amway has already surpassed the scrutinizing stage where it can be named a scam, clearly it is not a scam. The company has stayed true to its business principles and empowered the lives of many people around the world. It is accredited by Better Business Bureau (BBB) and Dun & Bradstreet for following best business practices.
If you are serious about being successful in Amway you must have a marketing campaign online that is easy to use and effective. The best 1% of MLM money earners use MLMonlinemagic. Click on the links below in the resource box.
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