This article will reveal to you What Amway is about and whether Amway is a scam.
The Amway Company uses combination of Multi Level Marketing and Direct selling strategies to Market its products but the question is, is Amway legit and is it worth joining?
To answer that question, it is important to understand what Amway is and how to make money from Amway.
what Is Amway About
- Founded in 1959, Amway is a Global company with its headquarters based in Michigan (USA).
- It sells a wide range of products in health, beauty and home care products like laundry detergents, dish drops dish washing liquid.
- The company distributes products through their distributors, referred to as independent business owners (IBOs) who earn their money as follows:
a) By selling products directly to potential customer
b) Performance bonus based on the sales volume the distributor and their down line have generated.
Can You Make Money From Amway?
Like most MLM companies, it is very difficult to make money from Amway. This is because of the following costs:
1. A new distributor needs to buy a Starter kit. Although it’s not compulsory, this kit is important as it is meant to help you understand the products by trying them out as well as for sharing with others.
2. Some training materials
3. As the products are mainly sold face to face, this means that there is cost and time involved whether the people come to you, or go to their house or meet in a coffee shop. Sometimes you have to organise a party.
4. Tickets to some of the training events.
5. Whenever a distributor buy products, they have to pay the shipping cost
6. For a distributor to remain active, the company has a minimum amount of products that thy should buy. This sometimes makes the distributors to buy products that they do not necessarily need.
All these costs add up.
Amway dominates the network marketing industry and it is unbelievable that in 2018, its revenue was $8.8 Billion and yet just like any other MLM company, only about 1% of Amway distributors make money, meaning that about 99% lose money.
“Studies of independent consumer watchdog agencies have shown that between 990 and 999 of 1000 participants in MLMs that use Amway-type pay plans in fact lose money”
Are Amway Products Good?
Amway products are good but the only problem is that they are too expensive to most people.
In 2010, consumer reports reported that some products like the household detergents rank high but they also said that the consumers could get products that could perform lot better with less money from grocery stores.
Is Amway a Scam?
Amway is not a scam as it has genuine products and happy customers. The only problem is that 99% of distributors do not make money.
Is Amway Business For You
Amway business opportunity is for you if you believe that you can be among the top 1%. If not, unless you are happy to make small amount of money, then ideally you should think of a different way of making money that does not use the MLM model.
My Recommended way of Making Money
I used to be an MLM distributor but l hardly made any money. The money going out was far more than the money coming in.
To tell you the truth, at the beginning, l really believed in it and l thought l would make money that would allow me to have a better future.
I persevered for more than two years, did as much as l could to make it work until l almost burnt out.
I had to rethink and it was during that time when l came across Affiliate Marketing where:
- You do not buy any Starter Kit or any Product
- You do not need to have a downline
- You do not need to buy any promotional material
- You do not need to come into contact with customers (no face to face required) meaning that you do not need to leave your house
- You do not need to leave your house to attend any training as everything is done Online.
For you to be an Affiliate Marketer, all what you need is to find a company that can teach you how to do it and preferably a company like Wealthy Affiliate www.wealthyaffiliate.com that can teach you how to do Affiliate Marketing as well as help you start your Affiliate Marketing Business.
Affiliate Marketing products are normally free and Wealthy Affiliate will show you where to find them, promote them using free methods and ones a sale is made, the owner of the products will pay you a commission.
The owner of the products will also deliver the products and deal with any customer related issues.
There are very many companies that sell their products through Affiliate Marketers; examples of such companies are Amazon, eBay, Walmart etc.
You can promote almost any product and get paid for it. You can promote any household product, any product related to gardening, camping, clothing, flights, accommodation, supplements, skin care, music, exercise, literally any product
I think Affiliate Marketing is a truly home-based business where you can earn money without leaving your house and you don’t even need to talk to anyone as the search engines will do most of the promotion for you.
Why l Recommend Getting Your Training Through Wealthy Affiliate
- You have the ability to Earn as you Learn. This is because the learning is step by step and it is designed in such a way that you learn and implement what you learn immediately.
- The learning is through videos and webinars that you can listen to at your convenient time. There is also written text with demonstrations for those who would prefer to read.
- Support 24/7. If you get stuck, you can ask for assistance any time and with over 1800 coaches, you won’t have to wait long before someone helps you (response time can be as quick as one minute)
How Much Does It Cost?
It’s Free to get started. This allows you to get inside of the platform to see for yourself what is on offer so that you can make your own decision whether it is worth your money.
As a free starter member, you have access to:
- a few free lessons
- ability to build one free website and host it within their hosting platform
- live help in your first 7 days
- network with internet experts within the platform
- keyword Research Tool to help you in out competing other marketers who are marketing similar products to yours
After going through the free lessons, you will be able to decide whether you want to become a Premium number where you have Unlimited Learning and Unlimited help in building your Business.
As a premium member, the Earning Potential is Unlimited and you Only pay $19 for your 1st Month. This is a 59% discount.
I am part of Wealthy Affiliate and I have seen members quit their jobs as a result of earning far more than they were making in their jobs.
Ones you are Inside of Wealthy Affiliate, you will be welcomed by one of the founders of Wealthy Affiliate who will also email you a link so that you can start learning immediately.
I will also Welcome you and help you in getting settled within the platform
CLICK HERE to get Started