Read more here. I’ll add more later. (image courtesy of The Orlando Magic)
It was less than a decade ago that cosmetic’s direct selling company was the largest and most successful direct selling company in the world, an honour now owned by Amway. This week comes the shocking news that Avon is closing down in Australia and New Zealand.
Direct selling is having significant challenges with rapid changes in technology and having to compete against the likes of Amazon and EBay, and this has been reflected in Amway’s own sales downturns the past 4 years. Something that may have turned around.
Amway Australia seems to be still having some success, with 10 new Platinums and Founders Platinums recognized last month, and recent new Diamonds Patrick and Joyce Mahakkapong and Hemant and Smitha Sahela.
It’s sad to see Avon’s struggles, but I’m sure the nearly 24,000 Avon reps in Australia may represent an opportunity for Amway?
What do you think?
Excuse the French … had some personal and professional challenges the last few years so haven’t prioritised maintaining this site. Back to it now, and there were over 600 unapproved (and unreplied to) comments …. :/
My apologies, I’m responding to each of you as I can, and promise to be better this year 🙂
Amway has reported a slight decrease in sales for 2017, hitting $8.3 billion, a 2% decrease on 2016 sales, and 25% down on the 2013 high of $11.8 billion.
A global increase of 3% in the second half of 2017 however, led by China and the US, has Amway confident that 2018 will see Amway rebounding to sales increases.
Amway China remains the largest market, accounting for over a third of revenue.
Spokane newspaper, The Spokesman-Review, has reported that Amway Founders Crown Ron Puryear, founder of World Wide Dream Builders (WWDB), has died.
Ron & Georgia Lee Puryear joined Amway in 1971 when Ron was working as a bookkeeper and Georgia Lee as a waitress. Within six months they were making enough that Georgía Lee could quit her job. Ron was able to do the same in 1974.
They eventually established WWDB, aka World Wide Group, one of the most successful Amway organisations in the world. He is survived by his wife Georgia Lee Puryear and son Jim Jr and their Amway network of thousands of Platinum and above Amway business owners around the world.
Primarily due to the weakening Chinese economy and unfavourable exchange rates, Amway’s revenues dropped to $9.5 billion in 2015. 70% of the top 20 markets saw growth, including, notably, Amway’s oldest market, the United States. Older markets such as South Korea, Japan, Taiwan, and Malaysia also experienced growth, as did Latin America.
No figures were reported for Western Europe or Australasia. Russian media reported a 5% drop in that market.
The top 10 markets for Amway in 2015 were China, South Korea, United States, Japan, Thailand, Russia, Taiwan, Malaysia, India, and Ukraine.
Carl Miller in the comments shared this recent info from Amway North America –
What a remarkable year!
The Americas region lead the Enterprise in growth and will close the year with double-digit growth in 13 out of 15 markets, becoming the fastest-growing region in Amway. In partnership with you, we achieved record high numbers of Platinums and first-year Platinum requalifiers in all three subregions, in addition to major increases in average IBO income and the number of Diamonds.
In November, Amway North America (ANA) impressively marked 15 consecutive months of growth and higher IBO productivity. In addition, launches of Artistry® Men and Hydra-V and the Nutrilite Restage were all well received.
Latin America Spanish (LAS) saw 24% growth and celebrated the 30th anniversary of Panama – Amway’s first country in Latin America – and the 25th anniversary of Mexico. LAS also saw the successful launches of Satinique and Artistry® Color, and Little Bits™ was introduced in four countries.
Brazil exceeded sales and COI targets for the second year in a row – its best results in over a decade! The subregion also achieved its highest Platinum count in 10 years and awarded its first-time ever Triple Diamond pin. Additionally, Amway Brazil was the proud sponsor of the NBA Global Games in Rio with the Orlando Magic. The highlight was the community outreach event where Amway and NBA Cares donated a new basketball court to the children of Comunidade Cruzada São Sebastião.
The Americas region also had the honor of Dr. Sam visiting all three subregions to commemorate the 80th anniversary of Nutrilite. We rounded out the year with a focus on a Founders’ Fundamental – Family – when more than 7,700 IBOs and their guests from across the region gathered together in the Amway Center in Orlando to celebrate Family Day.
Alone, each of these accomplishments is impressive. Together, they are a testament of achievement few, if any, companies in our industry can match. Above all, they reflect the immense leadership and hard work that you bring to your Amway™ business every day. We are stronger because of your dedication. I am very grateful for your efforts and very proud of your performance.
As you look back over the year, I hope that you’ll take great pride in your accomplishments.
My sincere best wishes to you and your families for the holidays. I am excited about the future and confident that, together, we are entering the new year strongly positioned, renewed in spirit and determination, and prepared for more progress and success.
Have a blessed holiday season and a prosperous, healthy, and happy new year.
Thanks for the tip, Carl!