You have been searching for Amway Reviews so here you go. Enjoy!
Amway – The Company
Amway was founded in 1959 by Richard DeVos and Jay Van Andel.
Being a family run Company, Amway’s current Chairman is Steve Van Andel and the current President is Doug DeVos.
The company uses a MLM Compensation Plan to sell products in the health, beauty and home care niches.
Amway is one of the largest direct selling companies in the world.
Please read my Income Disclaimer!
Independent Business Owner(IBO)
Starting position in Amway.
Number of points accumulated. Each product and service has a point value.
The dollar value assigned to each product/service.
Starting your Amway Business
The company claims that you can start risk free by paying a $62 Registration Fee which can be refunded within the 1st 90 days.
For this payment, you will receive a Literature Kit.
You also have the option of purchasing a Welcome Product Kit for $83.99.
This is a simple way to sample some of the Amway product range. You also earn points. YAY!
Your title within Amway is Independent Business Owner(IBO).
Amway offers their IBOs free online, video, and in-person training.
Please note that the Registration Fee link above is for people who live in the US, Canada and the Caribbean only.
If you use that link then the company will provide you with a Sponsoring IBO.
You will be provided with your own Amway storefront to send your customers to.
There are ten income streams available to IBOs…
1. Immediate Income
2. Performance Bonus
3. Monthly Leadership Bonus
4. Monthly Depth Bonus
5. Ruby Bonus
6. Emerald Bonus
7. Diamond Bonus
8. Diamond Plus Bonus
9. Emerald Profit Sharing Bonus
10. Founders Achievement Awards(FAA)
Majority of the IBOs will get the first two.
Amway Positions(23 WOW)
Founders Executive Diamond
Founders Double Diamond
Founders Triple Diamond
Founders Crown Ambassador
Amway Commission Structure
Purchase products and sell to your customers.
The difference between the price you purchase the products at and the price you sell them at is your Immediate Income.
This is a monthly bonus based on Sales Volume(BV x PV).
There is a 25% cap on PV.
Monthly Leadership Bonus
Train IBOs up and help them to reach Silver Producer to get this bonus.
This is probably as far as most of your downline will get.
Monthly Depth Bonus
Help and encourage your Silver Producers to develop their own Silver Producers gets you this bonus.
Two income streams based around Silver Producers, I bet this is the minimum position for the company’s Business Plan to work.
Generate 15000 Ruby PV and receive 2%.
Personally register 3 or more North American Groups who have been at the 25% Performance Bonus Level for at least 6 months to get this bonus.
To get this bonus, register 6 or more North American Groups who have been at the 25% Performance Bonus Level for at least 6 months.
Diamond Plus Bonus
As a Diamond, register 7 or more North American Groups who have been at the 25% Performance Bonus Level for at least 6 months to enjoy this bonus.
Emerald Profit Sharing Bonus
Emeralds and above who register 3 or more North American Groups who have been at the 25% Performance Bonus Level for at least 6 months get this bonus.
Founders Achievement Awards(FAA)
If you are a Diamond or above and have a minimum of eight FAA credits you qualify for this Bonus.
The first time you accumulate 40 FAA credits or more you will receive a special one-time Cash Award instead of an Annual Cash Award.
Are the household goods really cheaper than your local supermarket?
They have to pay commissions out of the money that comes from the sale of them so the answer is quite simple isn’t it?
Read the Amway Business Reference Guide
Read the Amway Business Overview Brochure
Just because Amway has been around for over 50 years understand that it doesn’t mean that You will be successful.
From my understanding of the Amway Comp Plan, You will find it extremely difficult to make a living out of this business.
The Compensation Plan is heavily biased towards the higher positions and You will never be able to accumulate enough points to get up there.
The cost of the products after your IBO discount is much higher than people can get elsewhere.
You will be paying over the odds for your own products and getting much less commissions in return.
You might be able to get some friends and family members to buy some products but it will be as a favour to you at their expense.
Not really how you want to run a business is it?
Everything I have written is based on the Amway Products only.
I haven’t mentioned how much you will be spending each month on the tools and meetings etc.
This is where your monthly costs sky rocket and NO these extra costs don’t give you PV or BV.
I found an old Website(no longer available) that gives some insight into tools and meetings costs.
How I see it you have 2 choices…
1. Ignore everything I wrote above and join Amway anyway – I really hope you’re joking!
2. Continue your search for a better MLM Comp Plan – See my other reviews and Good luck!
Thanks for reading.
P.S. Even though MLM Comp Plans are different, they are ALL subject to change at the discretion of the Leadership Team. You have been warned!!!