COMPARISON BETWEEN AMWAY & VESTIGE
Comparing two pioneer Multi-Level Marketing organisations like Amway & Vestige is a very complex task. Both companies are unique and famous in their ways of marketing methods.
The success story of a Multi-Level Marketing company depends on, How their representatives market the products and services? If a company’s marketing systems and products are demanding, then the chances of your success will be more. These two Multi-Level Marketing companies are different based on ‘Profit Distribution, Product Quality, Marketing Plans, Product Cost’ and more that we will be discussing here in this article for you.
WHAT IS MULTI-LEVEL MARKETING
Multi-Level Marketing (MLM) is a marketing business used by top Direct Selling Organisations, Entrepreneurial companies, and other small scale brands to market their products and services to consumers. Multi-Level Marketing is also known as Network Marketing Business. Companies sell all types of products and services, including Jewelry, Kitchenware, Nutritionals, Cosmetics, Housewares, Energy Supplements and much more. The Multi-Level Marketing business isn’t only about getting great products and services into consumers hands; It’s also an independent working method to convert your networks and connections into profit with low investment and further costs.
HISTORY OF VESTIGE AND AMWAY
Both Vestige and Amway are well-known brands in the MLM market. Vestige is an Indian based company competing with the American based MLM company Amway.
‘Vestige Marketing Pvt Ltd’ has been ruling for years by selling high-quality products. Vestige has around 250 products, including Health Care, Personal Care, Cosmetics, Agricultural, Hygienic Products and Ayurvedic Medicines. Vestige Marketing Company is India’s multi-national organisation started in 2004 and still successfully running for nearly 17 years. Vestige MLM has a better J-Curved growth when compared to other MLM Companies. Vestige Marketing is headquartered in Delhi and later expanded its business into Bahrain, Bangladesh, Nepal, Oman, Saudi Arabia, UAE, and more.
‘Amway (American-way)‘ has a better household name in India for manufacturing and distributing over 450 varieties of products, including Cosmetics, Household Products, and Food Supplements. For over 61 years, Amway has been providing us with products that are harmless and Eco-friendly. The ‘Amway Home’ deliver Household Cleaning products powered by ‘Bioquest Formula’ giving, Biodegradable, Concentrated, Non-Toxic, and High Performing Cleaning Products. These unique formula blends contain naturally derived ingredients that provide superb cleaning and are also gentle on the environment.
I have used both Amway and Vestige Products, particularly for Health Care Treatment. I like both of their health care supplements as they do not have any side effects or anything.
FEATURE COMPARISONS OF AMWAY & VESTIGE
Product quality depends on individually from person to person because every person has different likes and dislike, So it is better to use the product first and then decide.
1. PRODUCT COMPARISON:
Amway’s product quality is very high as the pioneers of Direct Selling Organisations and backed by substantial R&D facilities. Also, the price tag of these products is pretty high, and we can understand that not everybody can afford them. But if I talk in general, then Amway products are world-class and affordable to everyone.
However, Vestige products are worth money, and the quality has never failed to impress the consumers. A considerable number of appreciation is established for the reliability of the products, especially Health Care Products. There isn’t much difference in the efficiency of products, but Vestige Products have a higher rate of acceptance in India than Amway’s.
2. MARKETING PLAN COMPARISON:
Vestige’s Marketing Plans are more rewarding than Amway’s Marketing Plans. Vestige’s ‘Hybrid Marketing Plan’ combines ‘Stair-Step Breakaway Plan’, ‘Generation Plan’ & ‘Matrix Plan’. Also, Vestige has a progressive marketing plan, where you never drop from the level of achievement but keep on achieving higher levels. That is, the earlier efforts and achievements you made will always be counted on your bonus calculations.
The Amway Marketing Plans offers a very low-risk business opportunity that is open to anyone. Amway allows you to build business through retailing products and sponsoring other members who can market their products and offer business opportunities to more people. Amway uses the combined Direct Selling Plans and Marketing Model that motivates more people to join the business as members or business owners.
3. LEADERSHIP COMPARISON:
A Multi-Level Marketing company is a combination of the best Leadership & Supportive Management. Talking about leadership and management, Vestige has better management than Amway. Both are one of the best factors everyone is eyeing when joining the MLM Business. Support systems of Vestige like GROS, Winning Team and Team Champion are developing very fast and steady.
In the case of the Supportive Management Systems of Amway, it has a very robust, time-tested, and complex system compared to Vestige MLM. Millions of people have already participated in this business opportunity in the past 60 years. Most of the members witnessed success by the best leadership of Amway.
4. JOINING FEE COMPARISON:
There is no Starter-Kit required to join the Amway Business. You can be an Amway Associate or an ADR (Amway Direct Retailer) by just taking a membership worth $12 per year. Excluding this membership, the company will also provide you with an Independent Business Owners ID (IBO ID) and a product kit of your choice.
In the case of Vestige MLM, You can join the business & you will get a Distributor ID free. But to activate that ‘Distributor ID’, you have to purchase 30 PV (Purchase Volume) of $13-$25 worth of products of your own choice, which you can also be sold later.
MERITS AND DEMERITS OF AMWAY
Every business comes with its advantages and disadvantages, based on which we can be aware of which company works for you and which company doesn’t work for you. Let’s see how it looks with Amway MLM Company.
MERITS :
1. Amway products are high quality, with a variety of supplements to improve health and wellness. It is easy for the member to promote them, as they are already well recognised in markets.
2. Amway has a vast distributive system in more than 90 countries, which helps the members have more sales availability.
3. Amway has earned consumer trust by being around 61 years, and people always consider them buying over other brands.
4. Training will be given by the company, which will add an advantage to improve the marketing skills of members/ trainees.
5. Amway will generate additional income from your downline sales representatives.
DEMERITS:
1. Most of their products are of high cost, which will affect their sales.
2. You need to go on an excellent level of promotion and marketing to make more sales.
3. It will take years to achieve additional income, and there are more benefits to the senior levels while the downline members are depressed in revenue.
4. Sales target functions are stressful and discouraging to members.
5. You have to constantly work on building a great team to reach a higher position.
MERITS AND DEMERITS OF VESTIGE
Every business comes with merits and demerits, based on which we can be aware of the company to an extend. Let’s see how it looks for Vestige MLM Company.
MERITS:
1. Vestige has good quality products at a low price, attracting more sales and consumers to buy.
2. There are many recruitments in the company; hence, it is easy to reach a higher position.
3. Vestige Lifetime Membership is free of cost, and no renewal is required.
4. The product range perfectly fits for lower, middle and high paying consumers. When there is more affordability, then there will be more sales.
5. Their products claim to be chemical-free and made with natural ingredients.
DEMERITS:
1. Like other MLM plans, you need to do many promotions at the initial stage of your business to introduce the products to the market.
2. Vestige is not famous as Amway, as they are not much into advertising.
3. Like the other Network Marketing Plans, you have to be responsible for your own business.
4. You have to work hard and reach a level after another on an excellent income.
5. The sales process is a bit stressful and non-interesting for the members.
HOW TO CHOOSE THE BEST MLM COMPANY
Choosing the best MLM Company from the current market is a confusing process. I’m here to make that process simple for you. You should check certain important factors before choosing an MLM company, and I will be sharing them with you here.
1. CHECK THE LEGALITY OF THE ORGANISATION:
All companies have their validation certificates, and you can ask for them to get an overall analysis. You can also do a background investigation on them by visiting their official website. Check the name of the company in MCA (Ministry of Corporate Affairs). The document certified by the Government of India must also be checked. Get the details of the service/ sales history of the company and information of the owner of the company.
2. PRODUCTS AND THEIR SERVICE OFFERED:
The success of a Multi-Level Market (MLM) company is all about, How they handle their products and services. Therefore, to select the best MLM company, you should test the quality of their products and the service offered by them. This is very important because if their product has no demand in the market, you will not find fortune no matter how hard you try. Before joining, you can use their products and find out yourself. You can also check customer reviews of products.
3. EARNING POTENTIAL OF THEIR MARKETING PLAN:
Marketing Plans are the foundation of the development of a company. Because the money is distributed based on their Marketing Plans, and that is the only legit way. Otherwise, if the company gives you less or more money than you deserve, that company won’t develop further. Because some companies offer more money in the beginning than nothing, some give good money only after reaching a level.
4. INITIAL INVESTMENT/ JOINING FEE OF THE COMPANY
Some MLM company gives you products at minimum money and connects you with their business network. In this way, there is no risk in Multi-Level Marketing Business. Take care of the company’s presentation, so that if you don’t have to lose money. Make sure you don’t have to buy products for any significant amount in future to retain as a member.
5. LEADERS AND TEAMS:
Make sure to test your upline and understand the management before joining a company. An ‘Upline’ refers to the group of people above your network line. The individual who recruits another member to a Multi-Level Marketing business is also known as a ‘Sponsor’. If your network has a lousy performing leader or sponsor, there won’t be any money generating to your network, even if you try hard.
CONCLUSION
Both Vestige and Amway have better advantages over each other. If you have high-income earning friends/ family to introduce to your business, then you probably will succeed with Amway. On the other hand, if they are looking for low-priced products without losing their quality, Vestige MLM is the one for you. I recommend taking a personal decision by purchasing a few products from both the companies and trying yourself before joining.
