The smoothest Sales Pitch you will ever come accross: Amway Case Study
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- čas přidán 4. 11. 2020
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VIDEO INTRODUCTION:
How Amway's salesman made Amway the company it is today?
Amway practices direct selling which is 'A method of selling goods directly to the consumer by an independent Distributor. A Distributor can then introduce further Distributors and generate income from retail profits supplemented by bonus payments based upon the total sales of the group built by a Distributor'.
But this strategy is also used by Avon, Herbalife, Vorwerk, etc. but how is that Amway has managed to beat them all and top the list in the direct sales category? In this video, Think School tells you about Amway's salesmen and their genius strategy.
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#thethinkschool #amway #salesstrategy Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.
Hey everyone,
We in no way support or promote network marketing. This is just a case study from an earlier time and please treat it purely like a learning content and do not see it as an inspiration to get into these schemes. They are BS.
We are not saying this to offend anyone but because we care about each one of you.
Hope you understand :)
Regards,
Ganesh
Think school
Source of info:
Book : Influence
Chapter : Reciprocation
Hello Ganesh, can you please let me know where did you find this case study . In any book or article ?
Hello ganesh i liked the way you present the case study but it's strange that being such a intellectual person you couldn't understand the concept of direct selling and call it a scheme.
Hello ganesh i liked the way you present your case study. But before presenting Plz know the facts about direct selling and network marketing industry and how they have impacted and changed people's lives
For your knowledge KPMG and FICCI have surveyed that this industry can generate 25000crs by 2025 ...This was pre-pandemic and now in pandemic the network marketing industry has generated many income opportunities to people who have lost their job
First check the facts and then put your case study in public
@@Vaibhavsingh_3008 Hey bro,
Book Influence
Chapter reciprocation
@@biswajitlenka2810 concept isn't bad Bro. But the number of schemes are so huuge that I personally never recommend. That's all. I don't want anyone to get into trouble due to the video.
No matter how smart your marketing strategy is ,at the end of the day the quality of the product is what impresses the customer.
That is why marketing strategies are very important. If your product is of great quality and if you have good marketing strategies then your product will be very profitable but if you just rely on good quality of product but no good marketing then maybe the product sales will not be very good.
@@rehanvahora3578 I think you didn't saw his vedio about cocokola
@@rehanvahora3578 I think u should know about zerodha which is leading in market just on the quality of product and no marketing.
Exactly
@@knowledgefare3375zerodha is not a global brand but cocacola is!!
Once one salesman like this came to my house , and gave sample of cleaning detergent .
Mom thrown it away saying this could be poison.(mom is mom)
😂😂
😂😂😂😂
🤪😂😂😂
@@ThinkSchool u also laughing,😅
😂😂😂😂😂....
Finally a channel that teaches something valuable
You're a genius man, very intellectual content and a great way to explain things. You've made me think and have a reason to rise again after a significant phase of distraction and mental depression . You're such an inspiration brother. God bless you.
Thank you so much ♥️ These words mean alot :)
@@ThinkSchool You're welcome, brother. Love your content. Keep this inspiration going, wish you great success!!
@@ThinkSchool A bit repeated concepts in this video, generally I dont see repition in your videos.. great work!
Yup i remember an amway salesman gave my father atleast 10 sample products and after sometime we bought again a minimum of 5 products from it...today i got to know how he manipulated our mind...great marketing though
Man don't forget me when you get famous!!!😎
Some people call it manipulation, others call it good bhsiness tactics
It's not manipulation...
Actually u liked the product and sample so that so u want to buy more ...
Manipulation not the right word for it tho
That's what JIO did. The gave the sample for free 😁
True
No bro, Jio isn't a network marketing scheme. It's a real competitive service. It's marketing model is slightly different.
@@sandipanmukherjee6602 You have proof??? Give it to court then... Sasta internet ka yahi ghata hai.... Go to court and give the proof
@@sandipanmukherjee6602 Jio gave us cheap internet...... Else airtel was selling 2gb for 400....
Jio is boon for us, we have cheapest internet.
I am a regular viewer of THINK school from 6 months now .
After watching this video .
I can see the growth and the improvement in his story telling and presentation skills.
Learning comes first.
Experience follows!
That's great way ...to make ppl understand the efficient communication by telling real stories
Thank you Rishav :)
I may be wrong but I would like to add that here after using something for free, Customers feel that amway had done a type of favour and customers buy the products to repay that favour .
That's 100% true bro
@@ThinkSchool which books do you read to get these interesting case studies?
thats what happens when customers try out new clothes/shoes at a retail store
Nice thought bro
There is nothing for free, only sampling. All company does that by let customers do sampling. Amway got that 180 days(6 months) return policies that give them good favor with customers.
Amway was among first company to start network marketing
I think it is the first one
Nah, Watcher is the first network marketing company start in 1930s. Amway started in 1959.
And all that were at the cost of huge operational losses in the initial stages. This is a common strategy which in today's competitive world is practiced by almost every other company but turns out to be successful only for a few.
U proved quality and content always win .
Congrats for 100k man
10/10 for this video , straight to the point , no effusive vocab . supremely confident in the cam . thanks
Amway following the reciprocity.👍
You got that :)
Every line that came out of his mouth in his accent reminded me of Russell Peters. Today I realized how accurate he is about the Indian accent and head and hand movements.
Your videos add a lot of value to my business acumen. Thanks a lot, man.
@thinkschool: I really like the videos - was blown away by the Amul case study. You are doing a phenomenal job, Keep up the good work!
Wow I'm binge watching your old informative video after 1 year & now you're soon gonna reach 900k 😘
That was such a clever way to sell something without even using much effort
Dude you are such a blessing actually.
The production quality of the new videos are awesome. This shows the progress.
your content is so simple and yet works like a charm
i like to learn more from you
This channel is a goldmine...❤️
Wonderful brother...you are doing so much well and helping 🙏🙏👍👍👍🎯🎯🎯 fantastic...I have been watching since long..sales video sessions for 4 years...but really I have seen your first video....here you have won the heart and taught amazing idea 🎯❤️
Comparing this ur latest video, ur content, presentation, editing came a long way. Just wow
And that exactly what u r doing .............No unnecessary stuffs.
Well done.
dude I searched the Business case study playlist and how much this guy has grown is insaan in past 2 years
Bro...your content is good as the amway's marketing strategy. This is quality CZcams content makers should learn from.
Bro... Amazing ... Even though the video has a bed background , the quality of ur content makes us hooked on...Keep going .
You always amazed me with your storytelling. Suggestion: There is small background noise in this video, which is distracting while going through video. Please avoid it.
That's my executive student bro. I was taking a class :P
Most underrated channel ever 🇹🇿🇹🇿🇹🇿
♥️♥️
My parents worked in sales for Amway. Their products are very good even though they are expensive
Tysm! For sharing such good content.. looking forward for many more 😊😊
After very long time I found valuable CZcams channel 👍
@Thinkschool Your videos and presentation have grown xponentially over the last 2 years. Consistancy😊
Bhaiya you are doing a noble work...which will enlighten the new generations and the generation to come❤️🙏
You're really good at talking & explaining stuff buddy.
Can u please post case study like this.
And can u talk about how did u learn effective communication skills
We have a special course on the same Garishma .
Check this out
communication.thethinkschool.com/
@@ThinkSchool the webpage doesn't have much information on the course like the course duration, mode of training, etc. It only mentions the course chapters.
@@AtheisticPreacher he mentioned 6 weeks.... Have you taken the course?
You have to think in that particular language, we think and self introspect in our native language in our minds, if for example you want to learn Japanese, besides reading, writing, and learning the language, think it as well.
I attended a business meet of Amway (online on zoom)- their latest pitch is: You are using soaps, oils, toothpaste, etc. if you are using a world class product and share that with people in your life, the money you save from the distribution channel, and in cases even advertising cost, can be shared by the consumers.
The products are wonderful as I use Nutrilite.
Please do an updated series on Amway (as they don't give free samples to my best knowledge) and still they are a billion dollar company.
Did anyone notice Shri Sai Baba blessing us through this video (the pic on the wall)?
The Amway salesman employed the rule of reciprocation as stated by Robert Cialdini
Great lesson. Greater is your ability to express. God bless you.
lessons i learned from this
1 never be pain in the ass
2 consumer satisfaction is top priority
3 sales person can provide free sample this can be benifits in two ways 1st brand awareness 2nd by this building brand awarness its easy for consumer to make decision then take action
5 don't copy compititiors study them but don't do all the things that they are doing do something unique
"There was one company that was making a million dollars and their conversion was exponentially high" - if i was asked to guess i would guess 'the church'
Richest entity om earth is the Vatican. You said it right.
We need more people like you bro.
A gem from Think School!
I am a amway business owner
Proud to be associated with this great company
Wow man. Getting the customer to taste the piece before selling the chocolate. Lovely breakdown ganesh. Keep rising :)
Thank you so much :)
Bhai tu kidhar tha bhai itne time tak!!... Love your videos.. let the video's flow continue. Thanks
Thank you so much bhai ❤️
Today you taught the lesson of marketing management
1}AMWAY done-MARKETING
2}OTHERS did SELLING
at last the quality Is impressive... Just like think school 😁
Your videos are eye opening!!
CZcams baba please promote this channel. They deserve it and people deserve access to the knowledge.
Thank you so much :)❤️
This is nice. I never knew Amway use to do this.
this channel grew so much in 3 years
Ur voice is really gr8....u should b the next voice for Delhi Metro ....&every metro of India....
Hi, I think apart from this they also positioned the product with the discount and product ownership strategy
Thank you so much ❤️❤️ Great video 🙏🙏
Brilliant. Your background bro? Interested to know your journey
I knew that you have made video on amway🥳🥳
You giving very valuable knowledge bro
I thanks you 😊
love your content brother........
Love your workkk.
Bro you just solved half of my confusions
Congratulations 700k🎊🎊🎊🎊
Bhai very bestest sales strategy❤️
The lesson I learnt is that all political parties in India should show a sample to the public by becoming the ruling government for 10 days. Then, the people should decide which one is better and give their honest reviews. Later, the one who has the most positive reviews should come to power.
This one sounds great... instead of conducting rallies, they can do this..
Think again thats pretty easy
If only governance could be tested like this.
Well in india for government it needs months to pass one order or decision.....so the 10 days trial is fundamental failure idea
@@deepg65 right
Amway
This is the name I haven't heard in long time.
Beautifully explained
I used to buy those books and I loved them
Just saw you first time Interacting in Video Conference that's amazing 🔥🔥🔥😁😁
#Thinkbigthinkschool
Such a wonderfull video and its pretty awesome i have a question for you. How you will research these all thing ???
man I love every single video of you
Thank you so much :)
The best strategy Amway maintain is the weekly meetings they host, which really helps the sellers to be motivated and they don't let the public change their mind😂😂 . I've been using Amway for years now literally now I can't switch to any other products.
Weekly meeting to let u know the product value. U can switch now no one force you, the reason is because you don't feel other brand value better then amway product.
And I left it😅
@@emersonlee9968 yes right many people dont knoe the power of association .a business is totally depends upon the number of meetings it did
Can u run a business without meeting and discussion??
Srry to butt in. Those meeting doesnt run by amway corporation. It all run by the distributors themselves. Amway have stated to train, supplies and motivates. When you start a business yourself, you have to figure out how to yourself. Here you got a support group/systems to educate you.
Businesses must really keep in mind about customer emotions and their behaviour
Quite insightful video @Think School
Love the way u explain!!
Thank you so much :) ♥️
such a brilliant strategy... people might think that the company is wasting money on the samples but then they earn huge profits from that investment
I feel like I want start start up after watching your case studies....
Congratulations Ganesh on 100k subscribers 👍👍 Hard work pays off
Thank you so much ❤️
My mom, dad and aunty, all of them having a government job were also working as salesperson with Amway 20 years ago. No doubt it was costly back in those days, may be 2-3 times the market price. But it was worth it, the quality and performance of all the products were also 2-3 times better.
It was a big bread earner for people at that time when it first came to our city.
Unlike these current days new shitty multi level marketing business who promises you BMW within a month, Amway was nothing like that.
You are growing fast❤️........ continue the good work
Thank you so much :)
Great, thanks bro
Most underrated CZcams channel ❤️
❤️❤️
Amazing strategy by Amway.
AAP great ho Bhai ❤️❤️❤️❤️❤️❤️ explanation experience examples 🙏🙏🙏🙏🙏👍👍👍👍👍
As an ABO.. your explanation in this video is top notch and spot on dude! I like it, auto Subscribe from me! :)
you're GOOD! dude
progress loading 🔥🔥🔥
Amway also came out with this scheme of making people join to sell their products and entitling them to make more people join, thus creating a chain of sales people which kept adding on..
Amway strategy can only work when you have three main ingredients
1. Good product
2. Good product
3. Good product
Very good lesson 👍🏻
Thats a puppy - Dog closure in Sales ! 😎 works everytime.
Great inputs
Pleased to see you everytime
Good stuff man..😇🤩
well said brother
Very good case study, 🔥🔥🔥🔥 just try to add some animations. !!!
Thank you
Good information always
Well researched 👍
May I request you to share dental or orthodontic clinic methods
Case study !!
Dentistry is a very important part of one heath