what is amway

what is amway

1 year ago 79
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Amway is an American multi-level marketing (MLM) company that sells health, beauty, personal care, and home care products. The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. Amway and its sister companies under Alticor reported sales of $8.9 billion in 2019, making it the largest multi-level marketing company in the world by revenue.

Amway operates as a person-to-person business, and its products are exclusively sold in over 100 countries through Amway Independent Business Owners (IBOs). IBOs can earn additional income by selling Amway products and recruiting others to become IBOs.

Amway offers a wide range of products, including nutrition, beauty, personal care, and home care products. Some of its products are environmentally conscious, such as its first product, Liquid Organic Cleaner or L.O.C., which was one of the first biodegradable cleaning products.

Amway has been investigated in various countries and by institutions such as the Federal Trade Commission (FTC) for alleged pyramid scheme practices. However, it has never been found guilty, though it has paid tens of millions of dollars to settle these suits.

In summary, Amway is a multi-level marketing company that sells health, beauty, personal care, and home care products through Amway Independent Business Owners in over 100 countries.

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