You can find thousands of Business Opportunities Online which can be done from the comfort of your home and the convenience of your own time. But not all opportunities are for your good, some are actually opportunities of the scammers to take advantage of other people.
But instead of running away from all kinds of business, you can do your own research by checking reviews and comments of people who are actually affiliated to businesses or who have been in the industry for the longest time.
This article is to also help you check if businesses are what they claim. Amway is one of the known MLM businesses who is famous especially in the US. Is it really legit? Do you really earn from their offers?
Let’s try to find it out.
Amway Review Summary
Product Name: Amway
Product Type: Direct Selling/ Multi-level Marketing
Creator: Jay Van Andel and Richard DeVos
Summary: Amway is one of the leading direct selling business that sells health and nutrition, wellness, beauty, and home care products. It started with nutrition products under Nutrilite. When it became famous to the American people it expanded and was renamed to Amway. It is a shortened version of “American Way”
Best For: Direct Selling/ Multi-level Marketing
Rating: 5 out of 10
Not Recommended
What is Amway?
Amway is one of the leading direct selling business that sells health and nutrition, wellness, beauty, and home care products. It started with nutrition products under Nutrilite. When it became famous to the American people it expanded and was renamed to Amway. It is a shortened version of “American Way”
It is based in Ada, Michigan. The business is running for almost 60 years now and it was started by long-time friends Jay Van Andel and Richard DeVos. Actually, it was ranked 44th largest private company by Forbes Magazine because of their revenues. It has a yearly with $8-9 billion profits with Avon and Herbalife as its closest competitors.
How does it work?
Amway does not disclose how many current and active distributors they have right now.
You can join as a distributor by visiting their website. You can also order your products through online.
Amway calls their distributors as “Independent Business Owners” or IBOs. As an IBO you can market their products directly to the consumers and customers and also mentor other people to become IBOs as well.
How do you earn with it?
There are two ways to earn with Amway as a distributor. First, you can earn from the retail markup on any products that you are able to sell. The second one is the performance bonus that you get based on the sales volume you generate and from your downlines as well.
They have different levels or rankings which gains also a varying percentage from their downline and volume products.
Amway said that 48% of the active IBOs earns an average of $200 per month for a year.
You can check their whole compensation plan in their website which is kind of complicated at first because of the varying percentages of commissions depending on the PV (Product Volume)
Cons
Allegations on Business Schemes
Amway’s business model gained numerous controversies and was doubted by a lot of its critics. Through out the years, they faced a constant objection and conjecture on how they run their business.
Federal Trade Commission questioned its Networking Model and was alleged as a pyramiding scam which means that its distributors do not really earn through sales but through recruitment. There were also comments who said that they focus more on the fraudulent way of luring people into the network.
Misleading Business Practices
Part of the allegations of the pyramiding scheme are issues on price fixing and exaggerated claims on income and profit. We all know that FTC already mentioned about businesses making unrealistic claims that could lead people into fraud.
Companies now should give a comprehensive information – complete and understandable by the interested people. This is to avoid hype claims which makes people suffer more loss than actually saving up money.
Expensive Products
We all know that distributors have a specific quota to sell and quota to buy per month. The products of Amway are very expensive for the distributors to actually sell it or even have a capital to buy the quota or kit every month.
Loose Ends
Amway teaches you that to be able to make your way to the top and start earning hundreds of dollars in a month then you should ALWAYS TALK ABOUT AMWAY and to change all your consumptions with their products.
If you are going to be wise about it, you will be actually spending more and gaining profit!
Pros
Awards and Recognitions
Aside from the recognition they got from Forbes, Harvard Business School also described Amway as a one of the most effective and profitable direct selling companies. These good reviews by prestigious and well-known entities is also a good sign that a company is working well.
Commercial Sponsors
Amway is endorsed by a lot of famous celebrities and public personalities with wide influence to the not only in athletics but even to the masses.
Good Quality Products
Their Nutrilite products and other health products like vitamins and supplements are now over 7 million and has the best feedback by the users. They process their products in their own certified organic farms and organic fertilizers like Egyptian earthworms.
Legalities
Scams are about legalities, you have to make sure that they are accredited to trusted federation boards depending on the industry they are in. It is still better to be a part of a company or business that are regulated by the government or regulatory boards. This will protect you and your business.
In order to know this information, you can always check it in their landing pages if they mention anything about it. Another one is their transparency about their founder or about the owner.
Affiliate Marketing and Wealthy Affiliate
Affiliate Marketing is all about promoting products with your affiliate links but with a different kind of platform. There is no need to do a face to face selling or recruitment of your friends and family.
You only need to create your website and content, and earn you passive income! Also, there are equally or even more promising affiliate systems and networks that offer free services and quality features for starters! This is good news for those who are planning to start business online but do not have the experience.
When it comes to business opportunities online, Affiliates program is a resounding name. There is no doubt that Affiliate Marketing is one of the fastest growing online businesses. A lot of people in any age range are drawn into trying it and succeed! There are a lot of promising platforms online but not everyone could afford it.
You can do it all risk-free and for free with Wealthy Affiliate! It is a free, user-friendly affiliate marketing network that sets up entrepreneurs for success! It has millions of members worldwide and thousands are being added to this community every week.
This is why it is so great to have free sign-up successful programs online that are equally legitimate and successful as the paid one. Wealthy Affiliate is one of the biggest Affiliate Marketing platforms. It currently has millions of members and thousands being added weekly! Wondering why? Take a look at these freebies!
- Free membership
MLM always make buy a minimum cost of its products per month regardless if you are able to sell or not. But for Affiliate Marketing it is different! This is very helpful if you are starting or trying to build your business. Instead of paying for a lot of the products and hard sell them on people, you can use those resources in other expenses where it is needed.
You do not need to buy what you sell. And you do not also need to pay anything if you want to become an affiliate. You will save a lot and gain the same income through the Wealthy Affiliate!
2. Face to Face training
One of the advantages in Wealthy Affiliate is having face-to-face mentoring or training. You have access to videos and manuals that will teach and guide you in your online business. You get to ask questions real time and have a conversation with trainers.
There is also a weekly webinar where you can learn up-to-date infos about the field or the market you are working on. Another thing that is great with their training is that you will also learn how the tools and softwares work together!
Some do it separately which is kinda hard when you are already using them all but it is different with Wealthy Affiliate.
3. Website Builder
Included in this platform is a website host and domain! It is very pricey to pay for it on a different service. In Wealthy Affiliate, you can already have it in their package. They will also help you build and personalize according to your needs and market.
4. Keyword research tool
Since SEO is a great determinant of your success here, they are also providing a research tool that computes the competitiveness of your keyword. Can’t think of anything? It is okay. It will also give good suggestions of high rank keywords for you.
5. 24/7 Technical and Community Support
What if something goes wrong? You do not have to wait for cue! You are welcomed by tech support 24/7. This will save you a lot of time and energy than waiting for another office hour to ask or figure out things by scrolling hours on the internet.
Another thing is the community within the program. You will not study the topics alone but you will also learn from other people who are also starting or are successful in the business. They are a very engaging, kind and active community.
6. Pool of Merchants
Finding the right niche is very crucial and not easy. Thanks to Wealthy Affiliate because it already offers legitimate and successful affiliate programs! All you need to do is choose from their categories where your interests and likes fit. You choose from thousands of good programs.
So, why but something you can have for free? Check out Wealthy Affiliate and learn more!