There are numerous online work-from-home opportunities, like if you are interested in nutrition, Beauty, or personal care products. Then it may be an excellent opportunity to sell these products online, which women can take advantage of by selling them to make some cash by staying home with their babies. I am making an Amway MLM Review, and I recommend reading this before joining this MLM program to create a side income stream.
In this Amway MLM Review, you will be aware if you can make some money by selling at ease or not. Let’s dive deep inside.
What is Amway and Brief History?
Amway is an MLM (Multi-Level Marketing) company that sells nutrition, Beauty, and home care products. The company is US-based and was founded in 1959 by Jay Van Andel and Richard DeVos.
Amway reported sales revenue of $8.8 billion in 2019 and $8.8 in 2018. Amway announced its year-end results for 2020, with sales of $8.5 billion, sales revenue of $8.4 billion in 2019, and $8.8 billion in 2018.
Graph shows that last three years sales revenue was almost similar. There is a little decrease in sales in 2019 & 2020 as compared to 2018.
Although Amway has various brands and the most common brands are Nutrition, Beauty, Personal Care, and Household. Under these brands, the company sells a range of products.
It has mainly 4 products categories
- Weight Management
- Sports Nutrition
It has 3 product categories
It has 3 main product categories.
- Bath & Beauty
- Hair Care
- Oral Care
Clean spaces. Purified water. Fresh air. Give your family a safe and healthy place to call home.
It has several categories of products
- Air Treatment
- Disinfectant Cleaners
- Surface Cleaners
- Water Treatment
Amway Business Model
Amway sells its products through its primary strategy, which is multi-level marketing. Amway has a distribution set up, which refers to Independent Business Owner’s (IBOs). IBOs market the products to potential customers, and also they leverage their business by mentoring other people to become IBOs to increase their sales and commission.
To buy Amway products at discounted prices, people get themselves registered as IBOs.
Amway Business Opportunity
What is BV and PV in Amway?
B.V. = Business Volume
every product consist a significant amount of tax. The value of product except the tax is known as B.V.
M.R.P. – Tax (GST) = B.V.
P.V. = Point Value
As P.V. means point value: It is a value defined by Amway for convenience of their business. In India in the 2017-18 performance year it’s defined as 1PV =76 Rs. The value of PV changes in every performance year.
So the product have 152 B.V & 2 P.V
Now this value determine the Personal Performance Commission.
What is Personal Performance Commission?
Is Amway Legit?
One of the original MLM companies started in 1959 and marketed various products, as I early mentioned. So this Amway is not a scam as today, 2021, and the company still around us and making billions of dollars every year in sales. If someone calls it a scam, ignore it. However, if you want to join this program, you should keep in mind that it requires a lot of effort and time to make extra cash.
Amway Products are Pricey
I checked few Amway products on Amazon, currently unavailable. And I checked their prices on Amway website which are expensive as compare to same products of other companies.
Are Amway supplements safe?
Can You Make Money With Amway?
There a 3 ways to make money with Amway.
- Selling products at retail margin
- Earning monthly performance bonuses on products sales
- Discretionary cash awards for reaching monthly and annual perfomrance levels
To sell Amway products is need some time and effort and right mindset. If you get a good mentors and support along your Amway journey and your own effort then there is a chance of success. And if you hire a good team to earn monthly bonuses to increase income.
Your Points + Group Points = Monthly Bonuses (which raise your monthly income)
Pros & Cons
- very eawsy to use
- advanced features
- super diverse
Amway has been involved in a few legal issues over the years; however one of the most successful MLM companies in the world. Amway is violating the laws of certain countries as they need to upgrade their laws from country to country to facilitate business partners. Because individual business owners faced the legal issues instead of Amway as a company. So the company should consider this matter seriously to facilitate their business partners. But still, the company is legit, and alone, in 2020, it has made over S8.8 billion.
They have improved their techniques of working after facing series of legal actions. Currently, the company has set up in various countries all over the world.
As for money-making concerns, I want to mention here that it is not a ‘Get Rich Quick Scheme.’ It all depends on the effort and approach you make to run an Amway business. Although they do provide training sessions to business owners every year, which help and motivation to become a successful business owner, in the end, you need good marketing skills along with an excellent team to make money.