Today we are going to know about Amway through this article. What kind of company is this? What are the products and services of this company? We are going to talk about whether we should join this company or not.
Amway is a very big company. Its name is counted in the company that started this MLM company. Amway has also been in the news once. Even if you know about this company, you can refresh your knowledge by reading this article and for those who do not know about this company and want to know, then today’s article is for you only. If you read this article completely, then everything will be clear to you what does this company do? What is its business plan? You will be given all the information. Stay tuned for this article. Let’s get started.
What is Amway?
Amway is a multi-level marketing company. Which we know short as MLM company. This company is one of the well-known companies. It was started in November 1959. This company is an American base company. Whose founders are Jay Van Andel and Richard DeVos? The full name of this company is American Way, which is called Amway for short. It is spread all over the countries including India. It works on a chain model. In this, you have to add people and they are also asked to add. When all of you buy and use its product or sell the product, you get money. We will talk about this further. Stay tuned for this article.
Amway is a very big MLM company. If you know about it in full detail then only you will understand this company and when you understand then only you will be able to give it a level whether this company is doing right or not. Is this company a Fraud company? It helps you to deal with this type of question and you can be free from your mind and you can take a decision.
|Company Full Name||Amway International Pvt. ltd|
|Company CIN NUMBER||U52335DL1995PTC065576|
|Company GST number||The GST number of Amway India Enterprises Private Limited is 08AAACA5603Q1ZI|
GST Number is state-wise differents
|COMPANY OWNER||Richard DeVos & Jay Van Andel|
|BRAND AMBASSADOR||Steve Van Andel (Co-Chairman)|
Doug DeVos (Co-Chairman)
Milind Pant (CEO)
Doug DeVos (Co-Chairman)
Milind Pant (CEO)
|AGE OF COMPANY||62 Years|
|COMPANY TYPE||(Non-Govt)Private Limited|
|OFFICIAL WEBSITE||Amway.com official website|
|Location Of Business||Worldwide|
|HEAD OFFICE Address||Ada, Michigan, United States|
COMPANY PLAN TYPE
|DIRECT SELLING [MLM]|
|YEAR OF Startup||November 9, 1959 (62 years ago)|
How did Amway’s journey come to India?
Amway is not getting long. It came to India in 1997. Before coming to India, Amway company had grown a lot, it had reached many other countries. But as it entered India, it had to face many ups and downs.
There have also been many cases regarding the Amway company which created a lot of buzzes because it was claimed to be a pyramid scheme and it was illegal in India.
Amway is at par with the company present in India. In which many of its ads have been run. There have been many such companies who have started their company after seeing Amway. Many types of direct-selling companies were started at that time. This company is the largest and its name is counted among the largest number of distributors in India.
This is the main reason why this company is not able to perform well for the last few years. The main reason for this is the wrong understanding of the MLM company and the launching of its cheap product by another direct-selling company in the market. It is one of the legal direct companies in India that follows the rules and regulations of the direct selling company, which are made by the rules and regulations of the government.
Amway Company Mission
It wants everyone to be happy. That’s why it works hard day and night and it helps in fulfilling your dream. It helps in discovering the potential of people. In this way, it provides a better product and service to the people, due to which this brand is getting bigger. It wants to make you a community that considers you as the future. The value of Amway is very high, it does not break the trust of the people, and they have integrity. It wants to give you personal worth. It helps you to achieve your goals in your life. It teaches people about partnership. How important is this?
What is Amway Business Plan?
Before building any kind of company, we need to make a plan that how we are going to create its income plan. Are its commissions going to happen? In this, you get money to buy any product. There are many people in any company from whom you get a commission. This is how you make money.
1. Product Buying and Selling: When you join Amway as a distributor. So this company gives you the product for less than the MRP price by which you sell the product and earn retail profit. This is how your commission is also generated. The more you use or sell the product, the more money you get. Therefore, if you advise others to use it, then your work will be done. This is how you will be able to make money.
2. Recruitment: In this, you have to recruit other people, who also generate commission for you. As you go on add people under you. That’s how your network keeps on growing. When someone from your downline buys or sells a product, you get a commission. Therefore, the bigger your team, the more you will get the opportunity to earn profits. It is not as easy as you understand, it requires a lot of hard work in the beginning. In this, you will have to work hard for 1 to 2 years, only then you will be able to reach some point.
PV (Product Value): We know this as Product Value. Like how much the price of a product and how much value it holds. In the plan that is running now, you get 1 PV point for Rs.96. If you sell a product whose price is Rs 960 then you will get 10 PV points. Similarly, the PV value of each product is set and you get a commission accordingly. Below we have tried to explain it in a better way. Let’s see.
Amway New Commission Levels: Amway has improved the commission level of its company so that its customers and distributors can earn good money. We have explained their commission to you in the table below.
BV (Business Volume): We know it as Business Volume. How much commission you are going to earn depends on your BV. According to the rule of Amway company, 1 BV is worth 80 rupees. The method given below is used to calculate it. Let’s see.
Calculate ABO Commission: If you are an ABO (Amway Business Owner) then you are given the opportunity to earn money in the following way. If you are an ABO and you buy the product, then the product is given to you at the first wholesale, in which 8% is given at the present time.
Wholesale Discount 5% ( 100 PV X 80 X 5%) = 400 Rs
Cashback discount 7% (100 PV X 80 X 7%) = 560 Rs
Monthly Commission 6% ( 100 PV X 80 X 6%) = 456 Rs
Total Commission = 1416 Rs
Differential Commission: You get a commission when you refer someone through Amway. This type of commission is called Differential Commission.
Wholesale Discount 8% ( 100 PV X 80 X 5%) = 400 Rs
Cashback Discount 7% (100 PV X 80 X 7%) = 560 Rs
Monthly Commission 9% ( 100 PV X 80 X 9%) = 720 Rs
Differential Commission(9-6) 3% ( 500 PV X 80 X 3%) = 1200 Rs
Total Commission = 2880 Rs
Information about Amway Income Plan
You can earn money in Amway company in many ways, some of which are as follows. Initially, every distributor does not get income, for this, there are some terms and conditions which you have to fulfill.
- Car Fund
- Business Building Income
- Performance bonus income
- Leadership development income
- ITSI(international Travel Seminar Incentive) & More coming soon
- Retail Profit Income
- Travel Fund
- House Fund
Amway Products Information
Amway is a very big company, and for this reason, there is a lot of variety and many types of products in its products.
Amway Products for Weight Loss
1. Nutrilite Fiber Powders
2. Amway Whole Grain Tortilla Chips
3. Nutrilite Carb Blockers
4. Nutrilite Meal Bars
5. Nutrilite Slimmetry Dietary Supplements
6. Nutrilite Lean Muscles
Amway Products’ personal care
- Amway Hair, Skin, and Nails
2. Satinique Shampoo
3. Satinique Conditioners
4.Satinique Scalp Tonic
5. Amway Persona Soap Bar
6. Amway Attitude Day Cream
7. Amway Attitude Face Wash
8.Amway G&H Body Lotion
9. Amway Essential Artistry Gel Cleanser
Amway Beauty Products for Fairness
1. Amway Be Bright Skin Day Cream
2. Amway Be Bright Night Cream
3. Amway Attitude Sunscreen Cream
4. Amway Artistry Ideal Radiance & Essences
Amway All Products Range
- Home care
2. Personal care
3. Beauty care
4. Medicine & syrups
5. Nutrition Juice & More
History of Amway Company
Amway is a very big company which has gradually made its reach everywhere. It has spread to India as well. This company was started in 1959. When it reached India, it had to face many ups and downs. Because chain system business is banned in India. For this reason, it had to suffer a lot.
Should I join Amway or not?
As we told you that this is an MLM company. In this, any person can join and work without any qualification. But for this, it is very important to have communication skills, and marketing skills. Without this, you cannot reach anywhere in this kind of company. If you want to reach a point in such a company, then you will have to learn these skills.
If you want to join this kind of company then it should be your decision. There should not be forced on anyone in this. Because your time is going to be spent on this. If there is any mistake in it then it is your responsibility. That’s why you should join such a company only after thinking carefully. The Indian CEO of Amway Company was also arrested once. You should enter into any business by checking its history. How has it performed in its history? Somewhere this company is not doing Fraud, you need to pay attention to all these things.
CEO of Amway company arrested?
The owner of this company, William S. Pinkney was arrested by the Andhra Pradesh police officers. This is only a few years ago. In this many allegations were leveled against him. It was said that this is a fake company. This is an MLM Fraud company. In this, people have accused him of running an illegal money circulation scheme. Its owner was booked with Cheat Fund and Money Transfer and after some time he was arrested.
Benefits of Amway Company
Here we are going to tell you what benefits Amway provides you, and why you should join it, we will talk about it point by point.
Amway is a global company due to which its reach is very high. It sells premium quality products.
If it has its distributors, then you get it at a lower rate, which is up to 8% of the MRP price.
This affects your lifestyle, a positive difference is visible.
You can work on this anytime. There is no fixed time to work on this.
You can get the opportunity to travel abroad with this.
With this, personality develops in you, which increases your confidence.
It helps you to get employed and you can earn money from it by working.
You can earn as much money as you want from this.
Disadvantages of Amway Company
We have talked about its advantages above and if we do not talk about its disadvantages, then it will be unfair, so let us talk about its drawbacks and disadvantages.
This is an MLM company that many people do not trust.
In this, it is beneficial for you to add people, which is a very difficult task, you can add some people to your friend or family, but you cannot add them later because people do not believe in MLM company.
Its CEO and some of its officers were arrested.
There are many cases against this company which looks like a very bad company.
In this, you can earn money only by adding people and selling products.