Jul 19, 2001 09:24 PM
8100 Views
Actually I have joined this business. I joined it this month beginning and do find it has certain profits.. I feel pros and cons of any business are natural and should be known about. To start of with I shall try my best to explain what this business is exactly like... So here it goes...
AMWAY business has begun since 1959. It is a fortune 22 company among the private concerns. They have about 374 patented products. There are many products available via AMWAY. This is termed as co-branded products. Actually in US all except meat, milk, fish, wheat and alcohol are available via AMWAY. Even when you do fill petrol in your vehicle you can gain something called points which help you to get cash. I shall explain about that in detail below. In India this business came 3 years back. Indians have rights to distribute only 42 products as of yet. These are the patented products of AMWAY. The number of products that indians can distribute is on the rise every month. This is done so that people who join Amway late i.e for people like me who have joined this month. This can be better understood by getting in touch with an AMWAY distributor.
The products are superb no doubt about that... but some people do find it costly.. well about the cost I shall give a small analysis of a product... For eg take a product called Car Wash... It costs about 202 Indian Rupees. This is expensive if the person just has a lok at the bottle of the product but actually You can use it for any vehicle but not at greasy engine parts of the vehicle. At the same time you can even use the same product for a minimum of 90 washes. i.e. each wash costs a maximum of 2.5 indian rupees. So the product is actually not very costly.
Now about how to do the business... There are actually three ways of earning or saving out here...
1.DAP :- Dealer Accessible Price
2.Retailer
3.Networking
1.The Dealers get the goods at 20% discount rates... So a saving as I had said earlier the goods are not as expensive as thought.
2.You can sell the products if you want and still make the 20% money. Here comes in the concept of Point Values(PV) wrt Business Values(BV) wrt the sales you make. The category of AMWAYS returning you money is something like this :
PV %returned to retailer
50 3
100 6
400 9
and it goes on till 21% for 10000 PV. After this the whole business gets really exciting where in you can start earning a permanent income of Rs.16,000 Indian rupees even if you do give up doing AMWAY retailing.
3.The above scheme also comes here but you dont have to sell products here just show people the business and if their dreams are huge and they love to follow up with the business let them do so. You start following somewhat like doing a smart business and to describe in short the business is like the McDonalds business got its way to be world wide famous.
Well I feel there is a hell lot more to add to the above but it will take a lot more pages to explain.. If anyone is really interested you can go ahead and attend a seminar of the AMWAY which is there in almost all parts of India(of which I know).
The AMWAY business scheme is sponsored by many different types of distributors who have gained a hell lot of money out of this... The scheme I have joined is by BRITT WORLDWIDE.... The scheme joining fee is Rs.4400... Here I have been studying many people for nearly past two months...Most of them I do know have got success by doing about 15% business by retail and rest by Sponsoring someone else into the chain. This is also known as Networking as I had pointed out above...
This all I do point out not to encourage you to join the business but to make people aware of the facts and not just go by mere opinion or thoughts or feedbacks from others...
I hope I have put the above at least to understand in simple terms because the best of this business can be explained only by attending meetings or else by having a one to one talk which is called as STP(Showing The Plan). One thing is for sure it is not a get rich scheme but it is a make urself rich scheme. One main thing I forgot to put in is that you can leave the AMWAY business as and when you do like within the first three months of joining and you will get your money back. Thats how its even written in the brouchers of the company..
If you ask me initially it is better to join this if you love to meet people and make friends. But stay out of it if you do not have dreams to achieve.
