Amway Business Model – What is Amway?

Amway, short for ‘American Way’, is a multi-level marketing company that deals in beauty, health and home care products. Multi-level marketing is the new name of the age-old pyramid scheme that has been made illegal or strictly regulated in different parts of the world. Jay Van Andel and Richard DeVos started out Amway in 1959 from Ada, Michigan. Amway business model is a variation of network marketing. All the business proceedings are done through various affiliate ...

Read More