Health, Beauty, and Home Care Products have been a household trend for a long time. In these modern times many people use these kinds of products, numerous times daily. That being said, it's no surprise that online opportunist's seek to earn money off of these popular items. If you are among these opportunist that is looking to earn a living online by promoting such products, then you'll want to read further in this Amway MLM Review. We'll see if this is the right business Opportunity for you to make money.
In this Amway review I will take you through the Amway program. I'll give you the inside scoop on this Multi-Level Marketing company and give you the Pros and Cons. Hopefully this will give you enough insight to decide if this is suited for you. Let's get into it.
Amway MLM Review – What is Amway?
Amway Global is an Multi-Level Marketing company that has been around for quite a while now. Since 1959 to be exact. Founded by Steven Van Andel and Doug Devos, it has become one of the highest grossing direct sale companies today.
With over 3 million sales people around the world, Amway has become a global juggernaut in the direct sales market. Bringing in a revenue of 8.5 billion in 2020. So, one could see why so many entrepreneurs look to jump in on the action.
The core mission of Amway is to help people live better lives through their health , home, and beauty products. They seem to be accomplishing this mission well, as Amway products have become very popular; and are used in households all over the world.
Amway MLM Review – About Their Products
The products that Amway sells, products you would be promoting as a distributor, are based around Dietary Supplements, personal care products and household items. These products are created and tested through Amway research teams to give the best quality in each of their categories. This falls in line with their overall core mission of bettering the lives of their products customers.
Products that Amway Offers include:
- Cleaning Products
- Energy Drinks
- Household Products
- Nutritional Supplements
- Beauty Supplies
- Quality Hygiene Products
These high quality items have a very loyal fan base, and are praised in customer reviews. However, there is one issue that can make it hard to make sales as a distributor. The problem is that Amway products are very high priced, not only that but some items are available for purchase on Amazon for cheaper prices.
Odds are that if a consumer sees an Amway product that they like, they are likely to search for it on Amazon for the better deal and free shipping cost.
Amway Business Opportunities
There are 2 ways that you can try to make money with Amway. It's important to note that both ways are easy to sign up for, and the general business plan seems legitimate; however actually earning a feasible income from Amway can be an uphill battle. That being said let's take a look at both options.
|Amway Opportunity||Start Up Cost||Details|
|Amway Business Owner(ABO)||About $100-$200++|
Expenses to attend ABO conventions
|To Join as an ABO, you would start by registering on the Amway site. From there you are charged a startup fee of anywhere from 1-2 hundred dollars or more. Depending on the business plan you choose. From there you are given training tools and resources, to start selling Amway products directly. You do have a quota to make on monthly sales. You do have the option of charging your own prices, however there is a small margin for any sort of profit.|
|Independent Business Owner(IBO)||No start up fee|
Monthly Mandatory Purchases to Distribute
|To join Amway as an IBO, you would need to sign up through a ABO sponsor. There is no start up fee, however upon sign up you will be tasked to purchase the products monthly to sell and promote. This can be fairly expensive, and their is no promise that you will make any sales at all. You also will have a small margin for any earnings, as a portion of any sales you make will go to your sponsor.|
Can You Actually Make Money With Amway?
The quick answer to this question is Yes. Now if you are wanting to make any sort of full time or even side hustle income, then I would have to say a definite NO. In some ways Amway can come across as an illegal pyramid scheme.
Now, don't get me wrong there is a legitimate business model put in place here by Amway. The thing is, a very small percent of people that have joined Amway have taken it into a successful big figure earnings direction. This may come down to the fact that they already had the financial resources and connections to start a successful business with Amway.
With Multi-Level Marketing programs like these it takes a certain kind of person to make things work. You must be a sociable person, as you will need to recruit people to actually earn much of anything. Amway being the granddaddy of all MLMs, is no different. There system of these programs is based on a recruitment process. Meaning that the more people you recruit under you, the more earnings you will get through their sales.
Amway MLM Review – Pros and Cons
Here are some Pros and Cons about the Amway MLM Program:
- Products are available for cheaper on Amazon, making them hard to sell.
- Small margin for any earnings, with both business opportunities.
- You are pressured into buying the products monthly and are expected to make a certain number of sales.
- Amway has a reputation of being a pyramid scheme.
- Exaggerated Income Claims
Is it a Scam?
So is Amway a Scam? Technically no, they are actually legally legit. What it boils down to is the fact that Amway is one of the oldest and most well known MLMs out there. Over the years, Amway has perfected the formula of the MLM business model.
They have changed some aspects of their program to make it more appealing to people interested in becoming distributors, but the shady tactics of most MLMs still remain intact. This is the sad truth, because I do believe Amway means well and strives to do good in the world community, but on the business aspect they are all about the money.
My Final Verdict
Honestly I really do like Amway's core mission of helping people lead better lives through their products. The quality of what they produce really portrays that mission.
Now, I wish I could say that Amway is a really good business opportunity and you will make loads of money. The fact is, that you're better off just being a customer to Amway. Upon researching some member accountants, it becomes evident that becoming a Business owner with Amway caused nothing but problems for many. Some even losing friends and one lady I read, was so wrapped up in Amway's system, that she almost destroyed her marriage.
So, honestly I can not recommend Amway to any online Entrepreneur.
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