I know what you are thinking right now. Amway ?! That pyramid scheme? But let me tell you a few things. First of all this is not a pyramid of any sort. If you do your homework you will see that Amway has actually network marketing and sales model with some aspects of wholesale in it. Yes it can be presented in a pyramid way, so as other large corporations. especially global ones. But that is not the reason I am writing about Amway today.
Did you know that Amway can set you up with online store where you can become a re-seller? You really don’t have to do door to door sale or get people into you Amway network. You can, but no one ask you to do so. They actually say that you should not go from door to door because it is waste of the time, and it ineffective. Building you network is an option to someone who wants to increase income from Amway, but it is not obligatory at all.
What interest me and you is a way of generating passive income. Having an online store is one of ways. Here is how it works :
You set up your own store. To do that you need to become Amway Individual Business Owner – IBO. You will get access to Amway website, where you will be able to set up your own store. If someone buys anything in your store, Amway will process the order for you. They will process the payment and shipping. You do not need to do anything. Well, you need to sell the products. But that isn’t any different for any other affiliate marketing for any other company. You can set up a simple blog page where you can advertise the products and that give people a link to you store to buy the product.
Only challenge I see, is that they have limited verity of products. Most of them are related to health, beauty and home care. There are ribbon gift catalogs which have all sort of gadgets, but for IT geek like me it is hard to hind something I can really relay to and be passionate about. Why is that important? At least for me it is easier to come up with some marketing materials.
I think I am going to focus on nutrition products, because this is the closest thing I can get into with their offer. This is how the store looks like, Please take look and let me know what do you think about it and the whole idea of online store by Amway.