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What is an Amway IBO?
Amway Independent Business Owners use and sell high-quality nutrition, beauty and home products to consumers. The more product sales they generate, the more income they can earn. In short, IBOs make money from the sale of our products – sales that they and the team they support generate.
Should I trust Amway?
Amway is a legit business as the most successful network marketing company on the planet, with billions of dollars in yearly sales and a track record spanning six decades. Amway offers more than 450 products ranging from skin care to health supplements, so it’s safe to say you won’t run out of things to sell as an IBO.
What is the average income of an Amway IBO?
For the last decade, whenever Amway has published income data for the Amway business they have also reported, based on a survey in 2000, an “average income” for “active IBOs” – The average monthly gross income for “active” IBOs was $115. Approximately 66\% of all IBOs of record were found to be “active.”
What is Amway and who owns it?
Amway was founded way back in 1959, by long-time friends and business partners Jay Van Andel (above left) and Richard “Rich” DeVos (right). To put things in perspective, that was the same year that: Mattel came out with the first Barbie doll.
Where does Amway rank on the Forbes list of top companies?
As of this writing (2019), Forbes Magazine ranks Amway as the 42nd largest privately held company in the United States by revenue. The company consistently finds its way to the top of the Direct Selling News “Top 100” list. Amway’s headquarters complex in Ada, Michigan is also quite impressive.
What does it mean when an IBO is considered active?
U.S. IBOs were considered “active” in months in 2010 when they attempted to make a retail sale, or presented the Amway IBO Compensation Plan, or received bonus money, or attended an Amway or IBO meeting. “Gross Income” means the amount received from retail sales, minus the cost of goods sold, plus monthly bonuses and cash incentives.