That doesn’t mean that everybody who gets into Amway network marketing will earn a 7 figure salary, but this established company provides a good opportunity for people who handle it right.
A History of Amway Network Marketing
It is always a good idea to perform a little research before investing in a network marketing company. Amway has been around for longer than half a century, and though it is not the oldest MLM in the country, it is certainly one of the oldest. This company was also ranked 25th among the largest American companies by Forbes.
What Does Amway Sell?
The next step to take is research the company’s products, and Amway has a high quality product line for consumers and businesses. The products include home products, cleaning supplies, health care aids and supplements, insurance, and cosmetics. Some of these products are sold directly to consumers, but some businesses order Amway supplies too. That gives Amway representatives a larger potential market than most other direct sales companies.
Is Amway A True Networking Opportunity?
This company has not been totally free of controversy, but neither have many companies this size. One thing to note is that the FTC cleared Amway as a true business, not a pyramid scheme, way back in the 1970’s. This is because the company forces all distributors to sell products in order to earn bonuses. Typically, the difference between an MLM and a pyramid scheme is the emphasis on actual products.
Of course, all large earners do it by recruiting representatives into their down-line. But somebody still has to sell products in order for the sponsor to earn any override commissions. If the sponsor actually focuses on selling products, he is much more likely to be able to train his team to do the same thing.
How Much Does It Cost To Begin an Amway Network Marketing Business?
It actually doesn’t cost a lot to establish a business. These are the costs from starter kits on the Amway website:
— Literature Kit: $62
— Welcome Kit (Optional): $83.00 for over $160 worth of products if purchased at the retail price.
After registering, it will take some time to get your physical orders in the mail. However, new Amway representatives will have an immediate website to use for their personal business. They can access this website right away to take training and even place orders. Literally, a representative could purchase a kit today and start making sales by tonight.
How To Make It With Amway Network Marketing
— Focus on lead generation for both product sales and recruiting your team.
Having a good system to generate leads is critical. You want to spend your time selling, and you don’t want to spend all of your time chasing after leads. While you should definitely let your immediate social circle know about this opportunity and great products you enjoy using, you can also harness the power of the Internet to draw in a bigger audience.
For example, you can use your online social networks, like Facebook and Twitter, to tell people how much you enjoy one of the sample products. You can join the B2B social network or LinkedIn and connect with local business leaders so you can tell them about the advantages of the economical and high-quality products that you can sell them.
You may not want to use a hard sell approach because you fear it will turn off all of your friends. You don’t have to. Just mention your products and your business. Offer them free samples and followup to see if they would like to make an order. It might take up a bit more time to build up momentum, but you will probably have more long-term success, and you will also probably enjoy selling more if you approach it with confidence and an attitude that you are trying to help them by telling them what you can do for them.
Amway Networking Marketing Reps Can Enjoy Success
There are plenty of Amway network marketing opportunities, and it is possible to become a high earner with this company. However, it is important to develop a good lead, followup, and sales system.