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Amway - Wikipedia. Amway. Private. Industry. Multi- level marketing. Founded. November 9, 1. Founder. Headquarters. Ada, Michigan, United States.

Get the latest news on celebrity scandals, engagements, and divorces! Check out our breaking stories on Hollywood?s hottest stars! Transformers is a 2007 American science fiction action film based on the toy line of the same name created by Hasbro. The film, which combines computer animation with. Amway (short for "American Way") is an American company specializing in the use of multi-level marketing to sell health, beauty, and home care products.

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Area served. Worldwide. Key people. Products. Amway Home, Glister, G& H, Nutrilite, Artistry, Amway. Queen, e. Spring, Atmosphere, XS Energy. Revenue. US$8. 8 billion (2. Number of employees. Parent. Alticor. Websitewww.

Amway (short for "American Way") is an American company specializing in the use of multi- level marketing to sell health, beauty, and home care products.[2][3][4] The company was founded in 1. Jay Van Andel and Richard De. Vos and is based in Ada, Michigan. Amway and its sister companies under Alticor reported sales of $9. It conducts business through a number of affiliated companies in more than a hundred countries and territories. Amway was ranked No. United States by Forbes in 2.

No. 1 among multi- level marketing companies by Direct Selling News in 2. Amway has been investigated in various countries and by institutions such as the Federal Trade Commission (FTC) for alleged pyramid scheme practices.[9][1.

History[edit]Founding[edit]. Amway Vietnam (Hồ Chí Minh City)Jay Van Andel and Richard De.

Vos had been friends since school days and business partners in various endeavors, including a hamburger stand, an air charter service, and a sailing business. In 1. 94. 9, they were introduced to the Nutrilite Products Corporation[1. Van Andel's second cousin Neil Maaskant. De. Vos and Van Andel signed up to become distributors for Nutrilite food supplements in August.[1. They sold their first box the next day for $1. They traveled to Chicago to attend a Nutrilite seminar soon after, at the urging of Maaskant, who had become their sponsor.

They watched promotional filmstrips and listened to talks by company representatives and successful distributors, then they decided to pursue the Nutrilite business. They sold their second box of supplements on their return trip to Michigan, and rapidly proceeded to develop the business further.[1. Earlier in 1. 94. De. Vos and Van Andel had formed the Ja- Ri Corporation (abbreviated from their respective first names) to import wooden goods from South American countries. After the Chicago seminar, they turned Ja- Ri into a Nutrilite distributorship instead.[1. In addition to profits on each product sold, Nutrilite offered commissions on sales made by new distributors introduced to the company by existing distributors—a system known as multi- level marketing or network marketing. By 1. 95. 8, De. Vos and Van Andel had built an organization of more than 5,0.

However, they and some of their top distributors formed the American Way Association, or Amway, in April 1. Nutrilite and in order to represent the distributors and look for additional products to market.[1. Their first product was called Frisk, a concentrated organic cleaner developed by a scientist in Ohio. De. Vos and Van Andel bought the rights to manufacture and distribute Frisk, and later changed the name to LOC (Liquid Organic Cleaner).[1.

They subsequently formed the Amway Sales Corporation to procure and inventory products and to handle sales and marketing plans, and the Amway Services Corporation to handle insurance and other benefits for distributors.[2. In 1. 96. 0, they purchased a 5. Atco Manufacturing Company in Detroit, the original manufacturers of LOC, and changed its name to Amway Manufacturing Corporation.[2.

In 1. 96. 4, the Amway Sales Corporation, Amway Services Corporation, and Amway Manufacturing Corporation merged to form the Amway Corporation.[2. Amway bought control of Nutrilite in 1. International expansion[edit]Amway expanded to Australia in 1.

Europe in 1. 97. 3, to parts of Asia in 1. Japan in 1. 97. 9, to Latin America in 1.

Thailand in 1. 98. China in 1. 99. 5, to Africa in 1. India and Scandinavia in 1. Ukraine in 2. 00. Russia in 2. 00. 5, and to Vietnam in 2. Quixtar[edit]In 1. Amway corporation established a new holding company, named Alticor, and launched three new companies: a sister (and separate) Internet- focused company named Quixtar, Access Business Group, and Pyxis Innovations.

Pyxis, later replaced by Fulton Innovation, pursued research and development and Access Business Group handled manufacturing and logistics for Amway, Quixtar, and third- party clients.[2. The main difference was that all "Independent Business Owners" (IBO) could order directly from Amway on the Internet, rather than from their upline "direct distributor", and have products shipped directly to their home. The Amway name continued being used in the rest of the world. After virtually all Amway distributors in North America switched to Quixtar, Alticor elected to close Amway North America after 2. In June 2. 00. 7 it was announced that the Quixtar brand would be phased out over an 1.

Amway brand (Amway Global) worldwide. In 2. 00. 6, Quixtar published The Quixtar Independent Business Owner Compensation Plan, in which the company reported that the average monthly gross income for "Active" IBOs was $1. Global markets[edit]According to the Amway website, as of 2. Watch Risen Online Hollywoodreporter.

Americas, Europe, greater China, Japan and Korea, and SE Asia/Australia. The top 1. 0 markets for Amway in 2. China, South Korea, United States, Japan, Thailand, Russia, Malaysia, India and Ukraine.[5]In 2.

Alticor announced that two- thirds of the company's 5. China, Russia, Ukraine and India markets.[2. House Broken Full Movie there.

Amway Australia[edit]Amway China[edit]Amway China launched in 1. In 1. 99. 8, after abuses of illegal pyramid schemes led to riots, the Chinese government enacted a ban on all direct selling companies, including Amway.[2. After the negotiations, some companies like Amway, Avon, and Mary Kay continued to operate through a network of retail stores promoted by an independent sales force.[2. China introduced new direct selling laws in December 2. December 2. 00. 6 Amway was one of the first companies to receive a license to resume direct sales.

However, the law forbids teachers, doctors, and civil servants from becoming direct sales agents for the company and, unlike in the United States, salespeople in China are ineligible to receive commissions from sales made by the distributors they recruit. In 2. 00. 6, Amway China had a reported 1. In 2. 00. 7 Amway Greater China and South- east Asia Chief Executive Eva Cheng was ranked No. Forbes magazine in its list of the World's Most Powerful Women.[3. In 2. 00. 8, China was Amway's largest market, reporting 2.

US$2. 5 billion).[3. According to a report in Bloomberg Businessweek in April 2. Amway had 2. 37 retail shops in China, 1.

Amway's product line grew from LOC, with the laundry detergent SA8 added in 1. Satinique (1. 96. Artistry (1. 96. 8). Today Amway manufactures over 4. China, India and the United States, as well as Nutrilite organic farms in Brazil, Mexico and the United States (California and Washington State). Amway brands include Artistry, Atmosphere, Body Blends, Bodykey, Body Works, Clear Now, e.

Spring, Glister, i. Cook, Legacy of Clean, Nutrilite, Peter Island, Perfect Empowered Drinking Water, Personal Accents, Ribbon, Satinique, Artistry Men and XS. In 2. 01. 5, the vitamins and weight management products accounted for 4. Alticor's sales. Beauty and personal care products represented 2. Spring water treatment systems and Atmosphere air treatment systems, represented 1. Home care products generated 7 percent of sales.[5]According to Euromonitor International, Amway sells more products with a satisfaction guarantee than any other direct seller.[3.

Household cleaners[edit]Amway is best known in North America for its original multi- purpose cleaning product LOC, SA8 laundry detergent, and Dish Drops dishwashing liquid. In the January 2. Consumer Reports, SA8 with Bioquest was rated the best- performing laundry detergent.[3. Consumer Reports did, however, criticize SA8's pricing, a situation which was disputed by Amway.[3. Consumer Reports conducted blind testing of detergents in 2. Amway's Legacy of Clean detergents 9th and 1.

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