1amway
TRANSCRIPT
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INTRODUCTION
Amway is one of the biggest multi-level marketing programs in the
world. Officially launched in 1959, the company has a range of
products, including products for home care, health, beauty, jewelry,
electronics and insurance. The company main office are stationed in
Michigan, USA, while its distributor network truly symbolizes a global
business. Amway has significant presence in the United States, Europe,
Australia, China, Japan, Russia and India.
The company was founded by Jay Van Andel and Richard DeVos and
does business through several sister companies that have operations
in more than 90 countries. The company has fought several lawsuits
worldwide. The Jan 2012 sales numbers for the company exceeded $8
billion.
Multi-level marketing companies often are considered bogus
companies which are trying to sell their bogus product by means of
giving a customer an offer of good commission.
But Amway is other case, its products are ranked as worlds best
product also Amway is biggest MLM company of world and rank one in
India among its competitors like RCM, Modicare, RMP etc.,
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My project title is Brand position of Amway in Sitapur. This project
deals with various prospects of MLM Marketing and brand position of
AMWAY in Sitapur.
Motivation
MLM marketing is base of economy of many companies like Philippines, Malaysia etc.,
and Amway enjoys its global presence with a list of worlds most admired FMCG range
and Nutrition Product range. But in India the scenario is just different, many small
companies on name of MLM marketing fool innocent people of our city Sitapur.
This project will make us to understand the concept of MLM marketing and help us to
acknowledge those companies who sell bogus goods or sell services as product. So I
find the project motivating and so is a part of my research.
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Objective of the Project
Main Objective
To survey brand position of Amway in Sitapur
Sub Objectives
To study product line of Amway
To unravel the concepts of MLM marketing
To analyze the basic facts of MLM Marketing
To analyze consumer perception towards Amway
To analyze the customer preference towards MLM
To analyze merits and demerits of MLM Marketing
To know about major players of MLM Marketing in Sitapur
To know recent trends and product profile
To explore the future of MLM Marketing.
Scope
This project will give insight of MLM marketing and brand position of AMWAY in
Sitapur, thus helping the Company official to understand the market in better manner to
approach customer in better manner to increase their Brand growth.
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Description of Project
Research Problem
A research problem is the situation that causes the researcher to feel apprehensive,
confused and ill at ease. It is the demarcation of a problem area within a certain context
involving the WHO or WHAT, the WHERE, the WHEN and the WHY of the problem
situation. There are many problem situations that may give rise to research. Three
sources usually contribute to problem identification. Own experience or the experience
of others may be a source of problem supply. A second source could be scientific
literature. You may read about certain findings and notice that a certain field was not
covered. This could lead to a research problem. Theories could be a third source.
Shortcomings in theories could be researched.
Time and money are main constraints of my research, also the preference of people of
Sitapur cannot be applied or considered as preference of country as many factor can
effect choice of people.
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Methodology of the Project
A project process consists of stages or steps that guide the project from its
conception through the final analysis, recommendations and ultimate actions. The
research process provides a systematic, planned approach to the research project and
ensures that all aspects of the research project are consistent with each other.
Project studies evolve through a series of steps, each representing the answer to a key
question.
The method I used for exploratory research was
Primary Data
Secondary data
PRIMARY DATA
Primary data is basically collected by getting questionnaire filled by the
respondents.
SECONDARY DATA
Secondary data was collected from magazines, Journals, Broachers of Different MLM
Companies, Internet and Books of BBA for research methodology.
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DESCRIPTIVE STEPS FOR FINDINGS AND PREPRATION OF PROJECT
STEPS
Statement of the problem
Identification of information needed to solve the problem
Selection or development of instruments for gathering the information
Identification of target population and determination of sampling Plan.
Design of procedure for information collection
Collection of information
Analysis of information
Generalizations and/or predictions
DATA COLLECTION
Data collection took place with the help of filling of questionnaires. The questionnaire
method has come to the more widely used and economical means of data collection. The
common factor in all varieties of the questionnaire method is this reliance on verbal
responses to questions, written or oral. I found it essential to make sure the questionnaire
was easy to read and understand to all spectrums of people in the sample. It was also
important as researcher to respect the samples time and energy hence the questionnaire
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was designed in such a way, that its administration would not exceed 4-5 mins. These
questionnaires were personally administered.
SAMPLE SIZE
I have targeted 100 people in the age group above 21 years for the purpose of the
research. The sample size is influenced by the target population. The target population
represents the Sitapur regions. . The people were from different professional
backgrounds.
The details of our sample are explained in chapter named primary research where the
divisions are explained in demographics section.
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Conclusion
Amway is which is one of the largest direct selling company in the world. The
main objectives of Amway are to profit there distributers by eliminating the middlemen
and provide the products to the distributers in cheaper price. The products of Amway are
world class product quality. They are made up of natural a thing thats why they are good
for health and environment. Amway covers a wide range of products from beauty care.
Health care, to clothing, and daily use products etc. the products are costly as compared
to other branded products available in market but if we compare the quantity while using
the products require less amount and thus can be used for longer time. Successful
business today depends upon a company's ability to quickly adapt to changes in the
marketplace. At Amway, they pride it selves on knowledge of the dynamic networking
market that is quickly becoming central to modern business. This knowledge, and its
willingness to act upon it, has enabled us to become one of the industry's technological
leaders. Through they continued pursuit of new product ideas, and by consistently
refining our existing product line, they have become one of the top providers of cutting-
edge networking products in the global market. If you're looking for high quality
products and solid customer support at rock-bottom prices, then choosing Amway really
does make sense.
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References
Books
Philip Kotler,Marketing Management, Twelfth Edition.
Paul E. Green, Donald S. Tull and Gerald Albaum- Research For
Marketing Decision,
G.C. Berry , Marketing Research
Websites
www.google.com
www.wikipedia.org
www.bigbanyan.com
www.ebiz.com
www.rcmbusiness.com
www.amway.com
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Questionnaire
Name..
Age.
Qualification.
Profession
Que1. Do you know about MLM (Multi Level Marketing)?
Yes No
Que2. What is your opinion about MLM Marketing?
It is good and beneficial It is fake and useless
Do not know about it No Opinion
Que 3. Are you member of any MLM Marketing Company?
Yes No
Que 4. If yes please select one of below?
Amway RMP
Modicare RCM Business
Que 5. If you are not member still are you planning to join?
Yes No
Que 6. How did you come to know about the company?
From News Paper Magazine
TV Commercials Word to Mouth
Que 7. What do you feel about the company which you have joined?
Very Good Good
Moderate Poor
Que 8. What is your opinion about the future of MLM Marketing ?
Very good Scope No Scope
Very Long Way to Go
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Que9. Have you ever been cheated or misguided by any of the MLM
Company ?
Yes No
Que10. What is your opinion about Amway?
Very Good Good
Moderate Poor
Que11. Whether you are member of Amway or not, have you ever used
Amway product personally?
Yes No
Que12. Have you ever been recommended or recommend yourself to
someone to use Amway Product?
Yes No
Que13. Which of the following product line of Amway you have used or
know about?
Health care & Nutrition
Cosmetics
FMCG
Que.14 What are the basic merits and demerits of the MLM marketing or the
Company which you have joined ?
_____________________________________________________________
_____________________________________________________________
Que 15. Any Suggestion?
____________________________________________________________
____________________________________________________________
Date : Signature