Review Date: January 18, 1999*
In Business Since: 1959
Financial Strength: Debt-free, multi-billion dollar publicly traded company. 1998 retail sales figures is estimated
at 5.7 billion dollars.
Management: The fact that Amway is the oldest and largest network marketing
company in the world speaks volumes for its co-founders Rich DeVos and Jay Van
Andel, who have paved the way for many other network marketing companies to flourish
in this great industry.
Management Rating: 5 Stars
Online Training & Support: Not all there yet, but when their new online store Quixtar
is launched, we predict that Amway will have one of the best, if not the best, online
training and support in the industry. Online support is available at Amway's corporate website,
which is very informative and includes
information about the Amway story, the business opportunity, and much more. Websites are
also available for every country/market that Amway does business in.
Click here to learn how
you can effectively utilize the most powerful online marketing technique to sponsor more people than you ever thought possible.
Field Training & Support: Available via corporate sponsored and distributor lead local, regional, and national
conventions and smaller group meetings.
Motivational Support: Excellent corporate sponsored conventions and distributor
lead regional events. These events are held by
top Amway distributors, who are among the highest income earners in the industry, with
huge organizations. Consequently, they are usually larger than most national
conventions that are held by many newer network marketing companies, and are very inspiring
and life changing.
Training & Support Rating: 5 Stars
Products/Services: You name it, they have it. Great quality Amway products, such
as nutrition, cosmetics, personal care, skincare, homecare, as well as top name brand
products and services. It's important to note here that Amway products are backed by
the most impressive research and development department, not only in the network marketing
industry, but in the world. Amway's R&D includes 57 laboratories, which includes 13 quality
assurance laboratories, with hundreds of projects in process. Amway also currently holds
over 200 patents and nearly 400 more with patents pending. Check Amway's corporate website
for more information.
Product Quality/Effectiveness Rating: 5 Stars
Product Market Rating: 5 Stars
Business Opportunity Market Rating: 4 Stars
Compensation Plan: Stairstep Breakaway. Due to the fact that Amway is the pioneer of
the MLM industry, their comp plan is the oldest, and perhaps is somewhat more complicated and less distributor
friendly than the payplans of many newer companies. However, it is still very lucrative for those who perservere and overcome the
Amway bashing that is brought on by many uninformed naysayers and distributors of other companies. With all things being equal, a substantial residual income may take
somewhat longer than some of the newer companies that have come into the industry in the
past 10 years with payplan features such as, customer acquision bonuses, coding and
infinity bonuses, "Wave 4" type compressed unilevels, matching bonuses, etc. On the
other hand, Amway is a solid company that you can bank your future on, and when you consider
the unmatched number and quality of Amway products, and the recruiting frenzy that is expected
from the introduction of Quixtar, this compensation plan
is much more lucrative than what some people may think.
Compensation Plan Rating: 3.75 Stars
Overall Rating: 4.63 Stars
Advantages: Financial strength, track record of success, a true global opportunity, highly
diversified product line, excellent training and support, and without a doubt...Quixtar.
Disadvantages: Negative name recognition to some, relatively less distributor-friendly
comp plan than many newer companies, but is still very lucrative. Distributors having to
pay commissions to and order products for "pre-direct" downline members can be a hassle, however,
Quixtar may change all that. The positive side of the above scenario,
as many Amway distributors will tell you, is the personal touch and relationship building
opportunities that come with it.
Comments: With the introduction of Quixtar, Amway's online supermall due to be
launched in September, the company will again generate excitement from the industry as
they did back in the 70's and early 80's, even from those who swore that they will never
ever join Amway. The internet will change the Amway opportunity for the better, and
Quixtar will undoubtedly give Amway and its distributors a huge boost. The Quixtar business
is essentially, a groundfloor opportunity with the largest financial backing for a new opportunity
that we've ever seen in MLM.