Showing posts with label sterling. Show all posts
Showing posts with label sterling. Show all posts

Thursday, April 2, 2009

Amway Product Price Reductions:

Well we must give credit where credit is due - Amway UK/ROI have taken on board the real concerns of ABOs in ROI re pricing and the perception of our euro v sterling exchange challenges. As we are one market i.e. UK/ROI the perception was ROI was so much more expensive that the UK. Now there were a lot of factors in the mix - but to the customer perception is very important.
Anyway the good news for us here in ROI is that Amway have reduced the price of ALL products so that now we are more in line with the euro - sterling exchange rate and a promise from Amway that they will keep this under review. Now if we could only get the government to reduce the Value Added Tax close to the UK rate our prices would be even closer - the Budget is next week.
Well done Amway - one for listening and two for taking action.

Sunday, January 4, 2009

Amway Product Pricing:

A lot of challenges are facing the UK/ROI market. Recently when the UK government reduced the value added tax VAT rate in the UK all retailers reduced there prices to comply. Amway were fast to produce a supplementary price list for the UK sterling market to take account of the VAT reduction.
However we here in the ROI market are now under pressure from the sterling - euro exchange rate. With the strength of the euro in around the 94pence mark we are not getting the benefit.
Amway are still using a 50% price differential on products i.e. £1 of product = €1.50 in ROI - my question to Amway is when are you going to level the playing pitch with the price differential - we may be a small part of the UK/ROI market but we should at least expect to be treated as equals - isn't that the nature of this business??
How can we sell out of a dual priced catalogue when everyone knows the conversion rate of sterling to euro??
Amway you need to take action.

What is Network Marketing:

This is a great question because there are a lot of misconceptions out there. Basically Network Marketing is the movement of goods & services through a combination of manufacturers, sevice providers and self employed people/business owners in order to sell those goods & services to an end user.