Many puppies don’t know their strength. When they jump up and you wave your arms and try to push them off, they may think it’s a game and grabs and bite harder. Tell them it hurts the same way another puppy would, with a YELP! Lay it on thick, overact and cry and sob like the pup has done major damage. Some tough dogs get the message using this. For the out-of-control grabby, ambush type of dog play, give him a taste of his own medicine and SCREAM (very loud but very short), and fall over “dead.” Don’t move and don’t say anything. Play dead for at least 15 to 20 seconds. The shock value may be enough to send a permanent message that such games stop all interaction, plus they hurt you—and playing dogs aren’t interested in hurting you and won’t want you to cry.
When a dog jumps on a human of its own free will, it is not "greeting" the human, it is asserting its dominance over the human; it is the dog communicating that it is alpha and/or wishes to own/control the human. A subordinate would never dream of running over and jumping on the alpha dog of the pack. Space is respect and lower members of the pack respect the higher members. If your dog jumps on humans, it does not respect them. Note: when a young puppy jumps on humans it is sometimes its attempt to reach one's face. Puppies need to be taught not to jump up on humans as this behavior will manifest into other meanings as the puppy grows up into an adult dog.
In order to perfect the proper greeting routine, your dog needs much more practice than that. You can speed up the training process by leaving through the back door and returning through the front door over and over again. When your friends come over, have them do the same. Each time, ask your dog to sit-stay before opening the door. At first his excitement will make it difficult for him to concentrate but after you've repeated this process 10 times, he will calm down and be able to concentrate. Before asking your dog to sit-stay in this distracting and exciting situation, be sure he has a reliable sit-stay in normal, non-stressful situations. And of course you can always just hold the dog in a sit if need be.
Make sure other family members and visitors understand this command, as well. It is crucial that your dog understand that all family and visitors are above his rank in the pack. Otherwise, he will lash out and try to assert himself on everyone. While using the Off command may not be appreciated by most visitors, but it is more important that a dog has a good greeting manner with all people. A little effort on everyone's side makes your dog disciplined and docile.
Other commands can be substituted for ‘sit’ if you prefer, such as ‘stay’ or ‘down.’ However, if your dog simply gets too excited to execute these commands properly (as is often the case, especially with puppies) try diverting their attention elsewhere. Ask them to go find their ball, or a favorite toy, as a way to distract them and expend some energy. And, as always, reward the good behavior with praise.