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Presented by RONAK MODI

Amway presentation

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HISTORY OF AMWAY

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Page 1: Amway presentation

Presented byRONAK MODI

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IT’S A GLOBAL COMPANY

14,000 EMPLOYEES

300 SCIENTIST

700 PATENTS

CO-FOUNDER - JAY AND RICH

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IN ADA…

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COMPETETORS

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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

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WHAT SETS AMWAY APART FROM OTHERS

AMWAY SELLERS ARE INDEPENDENTBUSINESS OWNERS

FIRST TO USE SOCIAL MEDIA

1200 IBO JOINS EVERYDAY

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AMWAY BUSINESS MODEL

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HOW DID THE BUSINESS STARTED

JAY 16 RICH 14

JV

WORKED WITH JAY FATHER

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AIRPLANE BUSINESS

JAY RICH JIM

2 SEAT PIPER CLUB

FLYING SERVICE

RESTAURANT SOLD AIRCRAFTS

12 AIRPLANES

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SAILOR BUSINESS

UMBRELLA BUSINESS

TOYS BUSINESS

ICE-CREAM BUSINESS

WHOLESALE AND RETAIL BUSINESS

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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

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THREE RULES OF BUSINESS

BELIEVE IN YOUR PRODUCT AND USE IT

BE DETERMINED TO SUCCEED

STAY PERSONALLY INVOLVED

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SOAPS AND DETERGENT BUSINESS

SELL SOMETHING THAT EVERYBODY NEEDS

“Frisk”

Liquid organic compound

SA8

In 1960 50% interest Named it Amway manufacturing corporation

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PLAN STARTS

THE PLAN WAS DESIGNED TO MOVE THE SOAP PRODUCTS AND NUTRILITE PRODUCT THROUGH THE NETWORK OF DISTRIBUTOR TO RETAIL CUSTOMER.

IBO

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SALES BONUS

$100

$1500

$7500

$8500+

3%

15%

25%

DEALING DIRECTLY WITH AMWAY

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RULES APPLIED

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RETAIL SHOP RULES

PRICE FIXING RULES

ADVERTISING RULES

CUSTOMER PROTECTION RULES

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DESPITE OF PROBLEMS

SALES IN CANADA AND UNITED STATES

FROM $4 MILLION TO $100 MILLION

1963 1970

NEXT TARGET $250 MILLION

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NEW MARKET NEW LEARNINGS

AUSTRALIA

UNITED KINGDOM1973

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UNITED KINGDOM1973

ONE TO ONE MARKETING

EVERY PROBLEM COMES WITH A SOLUTION

PYRAMID STRUCTURE

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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.

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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.

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PROCTER AND GAMBLE

SATANIC LOGO

LAWSUITS

RUMOR 1983-1985

1995 RANDY HAUGEN

2008 CASE ENDS

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THE BIGGEST MARKET EVER

POPULATION -- 1 BILLION

ECONOMIC GROWTH – 7% TO 14%

1992

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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

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Investment $100 million

Distributors around 80,000

Sales $180 million

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Fraud

Scams

Corruption

Manip

ulatio

n

Banned on direct selling

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Shop plus salesman

189 shops 156 cities

Rank 41 Sales $12 billion

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In 2010 Banned was removed and certain companies like

Amway

Mary kay cosmetics

Avon

Herbalife

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PRODUCT LINE OF AMWAY

Home care products Personal care products Jewelry, Electronics Nurtilite dietary supplement Water purifiers Air purifiers Artistry Insurance and cosmetics.

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THANK YOU