What Is Amway About?
Amway is all about retailing products in a direct selling business model. They mainly concentrate manufacturing and selling FMCG (Fast Moving Consumer Goods) products. The direct selling business model means, the manufacturer will directly sell the products to the customers by eliminating all middlemen. They will have the only person called as a distributor or independent business owner.
As per the business model, the more the business a distributor gives to the company, the more the business owner makes the profit.
What Does Amway Mean?
The meaning of Amway means American Way. In short, it is called Amway.
What Is Amway Business?
Amway business model is unique. It is in the direct selling industry where the distributors are compensated for business leads they make. The business is expanded to 90 plus countries and territories across the world. They work under the PV (Point Value) and BV (BusinessVolume) concept. We shall discuss the PV/BVin the next topic. They manufacture the products under the concept called EEE. Eco-friendly, Economic and Effective.
What Is PV And BV In Amway?
Let us see what is PV and BV in Amway business. As Amway operates in more countries and the currency value differs based on the country, they have introduced a concept of PV (Point Value). BV is a dollar figure assigned to each product. The value will vary based on the dollar value.
PV is a unit amount (you can think of it as the number of points) assigned to each product. The total PV associated with your monthly sales volume is tracked to determine your Performance Bonus bracket. The higher your PV total, the higher the percentage (up to 25%) used in calculating your bonus (see the Performance Bonus Schedule below).
What Is Amway Diamond?
You can qualify as a Diamond if you personally, internationally, or foster-register 6 or more groups (3 must be North American), each of which qualifies at the 25% Performance Bonus level for at least 6 months of the fiscal year. You are eligible to receive:
• A 25% Performance Bonus.
• A Diamond pin.
• The annual Emerald and Diamond Bonuses.
• The annual Diamond Plus Bonus, provided you have 7 or more qualified groups.
• Participation in the Emerald Profit Sharing Bonus.
• Participation in the annual Growth Incentive Program.
• Other recognition, such as acknowledgment in an IBO publication.
What Is Amway Global?
Amway global is the common name or the parent company. The Amway business is called with the country name suffixed to it's name. For example, the Amway in Malaysia is called Away Malaysia.
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