Upload
ronak-modi
View
1.675
Download
3
Embed Size (px)
DESCRIPTION
HISTORY OF AMWAY
Citation preview
Presented byRONAK MODI
IT’S A GLOBAL COMPANY
14,000 EMPLOYEES
300 SCIENTIST
700 PATENTS
CO-FOUNDER - JAY AND RICH
IN ADA…
COMPETETORS
STRATEGY MULTILEVEL MARKETING ALL OVER THE WORLD
WORK FROM HOME, SHOP FROM HOME TRENDRESULT
MORE THAN 16.1 MILLION PEOPLE WORKED AS DIRECT SALES EXECUTIVE
WHAT SETS AMWAY APART FROM OTHERS
AMWAY SELLERS ARE INDEPENDENTBUSINESS OWNERS
FIRST TO USE SOCIAL MEDIA
1200 IBO JOINS EVERYDAY
AMWAY BUSINESS MODEL
HOW DID THE BUSINESS STARTED
JAY 16 RICH 14
JV
WORKED WITH JAY FATHER
AIRPLANE BUSINESS
JAY RICH JIM
2 SEAT PIPER CLUB
FLYING SERVICE
RESTAURANT SOLD AIRCRAFTS
12 AIRPLANES
SAILOR BUSINESS
UMBRELLA BUSINESS
TOYS BUSINESS
ICE-CREAM BUSINESS
WHOLESALE AND RETAIL BUSINESS
NUTRILITE
REHNBORG
NEIL JAY RICH
I DOUT THERE WOULD BE AN AMWAY TODAY IF EITHER ONE OF US HAD TRIED TO CREATE IT ALONE--- JAY
THREE RULES OF BUSINESS
BELIEVE IN YOUR PRODUCT AND USE IT
BE DETERMINED TO SUCCEED
STAY PERSONALLY INVOLVED
SOAPS AND DETERGENT BUSINESS
SELL SOMETHING THAT EVERYBODY NEEDS
“Frisk”
Liquid organic compound
SA8
In 1960 50% interest Named it Amway manufacturing corporation
PLAN STARTS
THE PLAN WAS DESIGNED TO MOVE THE SOAP PRODUCTS AND NUTRILITE PRODUCT THROUGH THE NETWORK OF DISTRIBUTOR TO RETAIL CUSTOMER.
IBO
SALES BONUS
$100
$1500
$7500
$8500+
3%
15%
25%
DEALING DIRECTLY WITH AMWAY
RULES APPLIED
RETAIL SHOP RULES
PRICE FIXING RULES
ADVERTISING RULES
CUSTOMER PROTECTION RULES
DESPITE OF PROBLEMS
SALES IN CANADA AND UNITED STATES
FROM $4 MILLION TO $100 MILLION
1963 1970
NEXT TARGET $250 MILLION
NEW MARKET NEW LEARNINGS
AUSTRALIA
UNITED KINGDOM1973
UNITED KINGDOM1973
ONE TO ONE MARKETING
EVERY PROBLEM COMES WITH A SOLUTION
PYRAMID STRUCTURE
RULES
AMWAY REQUIRES DISTRIBUTORS TO BUY BACK ANY UNUSUAL AND MARKETABLE PRODUCT FROM THEIR RECRUITS UPON REQUEST.
AMWAY REQUIRES EACH DISTRIBUTORS TO SELL AT WHOLESALE OR RETAIL ATLEAT 70% OF ITS PURCHASES INVENTORY EACH MONTH “ THE 70% RULE”.
AMWAY REQUIRES EACH SPONSORING DISTRIBUTOR TO MAKE ATLEAST ONE RETAIL SALE TO EACH OF THE 10 DIFFERENT CUSTMOR EACH MONTH “10 CUSTOMER RULE”.
THIS MOVE WAS MARKED A MAJOR MILESTONE .IT HELPED
COMPANYJUMP FROM A MULTI-MILLION DOLLAR
BUSINESS TO A BILLION DOLLAR BUSINESS COMPANY.
DIAMOND
RUBY
EMERALD
PEARL
SILVER PRODUCER
CROWN AMBASSADOR
PIN LEVEL
DEXTER SAYS
IF IT’S A NEW CAR , I DRIVE THEM BY A CAR
LOTIF IT’S A NEW HOME, I TAKE THEM TO A NEW
HOUSING DEVELOPMENT
ITS NOT ENOUGH TO THINK ABOUT IT –YOU
HAVE TO TOUCH IT, SMELL IT,FEEL IT AND
EXPERIENCING IT.
PROCTER AND GAMBLE
SATANIC LOGO
LAWSUITS
RUMOR 1983-1985
1995 RANDY HAUGEN
2008 CASE ENDS
THE BIGGEST MARKET EVER
POPULATION -- 1 BILLION
ECONOMIC GROWTH – 7% TO 14%
1992
If Hong Kong is a Pond, Taiwan is a lake,
China is a Sea.
Formed a new company name Amway Asia Pacific ltd
In 1993 sold stock to the public.Distrust in the pyramid scheme
Investment $100 million
Distributors around 80,000
Sales $180 million
Fraud
Scams
Corruption
Manip
ulatio
n
Banned on direct selling
Shop plus salesman
189 shops 156 cities
Rank 41 Sales $12 billion
In 2010 Banned was removed and certain companies like
Amway
Mary kay cosmetics
Avon
Herbalife
PRODUCT LINE OF AMWAY
Home care products Personal care products Jewelry, Electronics Nurtilite dietary supplement Water purifiers Air purifiers Artistry Insurance and cosmetics.
THANK YOU