Today we are going to tell you Amway Business Plan. You must have heard of Amway’s products, and at the same time know that all the products are made very accurately and only made in an organic way.
Amway is one of the best products in the world, Amway is now offering the world’s best products, not more than one or two countries, but more than 450 products in almost 80 countries. In 1998 the company came to India and was doing its business with only 6 products, some famous people of the country had joined it fearing it to believe. Today the same people are earning billions of rupees sitting in the house Amway.
Even after the people who joined them, they are earning a lot of money. Today the day has come, now people are in the line to join it. The people working at home, the unemployed, and other students are earning thousands of rupees by making less work. Where we had to give money to join it 3 years ago, the same Amway does not even have to pay a single penny for joining. You can start your business by purchasing only one product. But it comes to the fact that I can join it but what percentage of profit is obtained in doing business from Amway.
You do not even have a single penny in joining Amway before you join it, you also understand the Amway business plan as well, because you are now going to do business. So, in today’s article, I will explain to you how to earn money by doing business from Amway.
Amway Business Plan
It is very important to make a plan before doing any business, but here is the matter of how much commission the Amway gives you. First of all tell you that when you buy any non-Amway product, who gets its commission.
Factory> Regional Distributor> District Distributor> Stockists or Retailers> Customers
This is the smallest ladder, in any company, there are more people who take a commission in every step and at last the product comes to you.
One of my friends is the distributor of medicines, with whom many companies send medicines, of which 60% of the cost of drugs is multiplied by the actual price. Just like they have a cough medicine of Rs 8 in their bill and they sell it for further 15 to 20 rupees while the product is around MRP 70, I want to maintain the confidentiality of the company and the friend So I can not tell the name.
Now, let’s think about the product coming in 8 rupees, or we can say about 10 times the profits. While not in Amway, buying Amway’s product is behind it and only ABO has the right to produce and sell the product at all levels.
Amway> ABO> Customer
Now you can conclude two here that if a product comes out of factory 8 rupees in which the cost of transportation and tax is connected, then how much is it prepared, and what quality will be prepared for such a small amount of money? | While Amway gives ABO a fix commission, which is 8% percent. Any further income is done after performing the second ABO related to you. Let’s talk about the commission now getting Amway.
Amway Performance of ABO depends on PV and GPV. Now you must be thinking that this is what PV and GPV are, I will give you a brief explanation, I will tell you further in detail.
Amway PV (Product Value)
Product value means a product that has some MRP, how much value it holds. According to the Amway’s business plan, currently, we get 1PV for 96 rupees. If the price of a product is 960 rupees then you will get 10 PV. Amway has set its commission level according to these product values, to understand better, understand the chart below.
100 PV – 6%
500 PV – 9%
1200 PV – 11%
2400 PV – 13%
4000 PV – 15%
7000 PV – 18%
10000 PV – 21%
This chart shows the commission based on the PV that is assembled for the month and year. GPV is called group product value. This means that the difference is also added to the ABO which you have earned, which you earn, you will consider it below as an example.
Amway BV (Business Volume):
The way in which PV happens is the same BV is called BVI’s Business volume. How much commission you will earn depends on BV. According to the rules of Amway today, the amount of 1BV 80 rupees (first 76 was given to 80 after the arrival of GST. Now let us see how we calculate the commission of each month.
Amway ABO Commission :
If you are an Amway Business Owner, then you get a chance to earn a lot of commissions, if you are ABO and buy a product then you are given the first wholesale commodity which is 8% at the present time, i.e. On the MRP, you will get the product at 4-8% lower rate (GST has been reduced to 4-7%, which was earlier 8%), to add commission, we will consider it as 5% Average, Because apart from that, you have to go through the chart given above. So has PV earn a commission on the 15th of next month is sent by Amway in your bank account | Let us consider this as an example.
Since coming to GST, Amway has made some changes to its business model. In which a cash back has been added. Those who buy 100 PV or more of their own product in ABO month will be given a cashback of 7%. This has been done because, after coming to GST, the distributor commission has been reduced, so that there is no loss to ABO. So in this way, since the arrival of GST, ABO has benefited.
Let’s say you bought or sold yourself by buying a 100 PV product this month, then how much you benefit it adds to it. According to the chart given above, if you are at 6% level then you are sent to your bank account on the 15th of the following month. When you buy these products, you get wholesale discounts already, which is 8%.
Wholesale discounts 5% (100 pv x 80 x 5%) = 400 Rs
Cashback Discount 7% (100 pv x 80 x 7%) = 560 Rs
Monthly commission 6% (100 pv x 80 x 6%) = 456 Rs
Total Commission = 1416 Rs
This is your commission which you will work hard, but let me tell you that Amway gives you a chance to earn more money. When you join any other person with Amway or if it is said that when a member of Amway is made of your ABO number, then he joins you and whenever he makes a purchase, he is also given commission. Such commission is called differential commission. Now the differential commission is added from here, let’s believe that you have added five members to Amway, and your friends have either sold or bought themselves by buying 100 PV products. Now you have 100 PV and your Gpv 600. 600 PV is earned at 9% level, you will subtract your differential level from your Gpv Level and your level to get the differential commission, then it will tell you the differential commission. So let’s see now how much commission you made.
Wholesale discounts 8% (100 pv x 80 x 5%) = 400 Rs
Cashback Discount 7% (100 pv x 80 x 7%) = 560 Rs
Monthly commission 9% (100 pv x 80 x 9%) = 720 Rs
Differential Commission (9-6) 3% (500 pv x 80 x 3%) = 1200 Rs
Total Commission = Rs 2880
The differentiated commission, which you have now emerged, is only one leg, if you have three legs below it, then you will get the same differential commission from all three legs.
In the same way, the number of ABOs you make, the more benefit you get. On the basis of this Monthly Performance, Amway declares you Silver, Gold, Platinum, Emerald and Diamond Member. I hope you like my article on Amway Business Plan.
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