As a matter of fact, it may be difficult to provide an accurate rank on a particular MLM company since there are many factors that would influence the ranking. Today, many people wonder what the fastest growing company in USA would be. Here, you would find an answer to this pertinent issue.
Recently, according to Direct Selling News, Amway, a subsidiary of Alticor Inc., was ranked as the top MLM company in USA. The company started with only one product as far back as 1959; but at present, it has many product lines with global presence wherein it has now spread to over 80 countries. Amway has been dubbed as the fastest MLM company in USA, owing to its potential growth rate. In fact, it has reported more than $11 billion in yearly revenues in the past two years. Amway already has a strong foundation and it’s far from being a scam business.
Amway Product Lines
Amway started its direct selling business with liquid organic cleaners. Now, it has a wide range of products which include personal care and beauty products, nutritional supplements, food and beverage, cleaning products and cosmetics. Examples of the products are water purifier, NUTRILITE vitamin, and air purifier. Most of the products are purposefully for consumers who wish to live a healthy lifestyle.
Amway usually comes up with new products from time to time. This is because the company runs its own R & D laboratory where research is regularly carried out for better and new products. It’s believed that this makes the MLM company to stay on top of the competition.
Making Money With Amway
1. Person-to-Person Sales
Basically, profits come from the ‘mark-ups’, that is discounts, which are associated with products that IBOs sell. Suggested prices are stated for every product as a guarantee on earnings and they also help to prevent unhealthy competition among distributors. Sticking to the suggested prices also serve as an incentive for buyers to sign up as an IBO if they wish to receive higher discounts.
In order to make more money, you would have to build a network of down-line IBOs, that is, you have to recruit other people to become independent distributors for Amway products. As a result, you would receive commissions based on the sales that your new recruits generate.
The sales are tracked with the use of a point system in which each product has a Point Value (PV) and a Business Value (BV). BV determines the amount you can earn; PV is based on the actual % of the earnings you would get. This is done every month by computation.
There are a number of ranks you can attain within the system, and these include ‘Platinum’ and ‘Diamond’. The volume of sales that both you and your team generate would determine your progress from one rank to the other within the multi-level marketing system of Amway. In order to get to any rank, you must be able to consistently hit certain sales targets over a given period of time.
Why Does Amway Rank as the Fastest Growing MLM Company in USA?
Here are important points to note:
– Amway is a company with years of experience in the marketing of products through a direct-selling system.
– The company focuses mainly on products that have large market demands.
– It has the highest growth potential on annual revenues. According to 2013 ranking from Direct Selling News, it is about 9% higher than the 2nd MLM company in USA.
– Amway products are produced from its in-house labs.
– It’s said to be the biggest MLM retailing business in USA.
– The company provides income opportunities and performance-based incentives that motivate more people to sign up as IBOs.
Training and Support
One of the factors that make Amway a household name in the industry is that it regularly reaches out to its IBOs, offering helpful information that are essential for sales and recruitment. Detailed resources are available on the official website of the company.
Nevertheless, the training materials aren’t enough to grasp the multi-level marketing system; you need to have a mentor. When you carry out research on Google for information, you would find articles and essays from experienced IBOs who recruit others via the net. By so doing, you can learn the strategies that would help you to succeed in the business and also avoid terrible mistakes. Becoming a member of a supportive sales team would help you to build your business very fast.
Finally, it’s worthy of note that Amway is fairly strict as regard compliance with local regulations and laws. If you fail to comply with them, you would be disqualified from being part of its marketing network. Without doubt, Amway is proven to be the fastest growing MLM company in USA. It’s profitable to do business with the company.