Hot Business News Today

Network Marketing On The Rise In South Korea

 
The number of multi-level marketing (MLM) firms operating in South Korea rose in the second quarter, the antitrust watchdog said Friday, as the government moves to better regulate such operators to prevent consumer damage.
According to the Fair Trade Commission (FTC), there were 132 MLMs in the country as of June 30, up seven from three months earlier. It said 11 new firms opened for business while four closed.
MLMs refer to companies where the sales personnel are not only compensated for selling products and services, but for the sales generated by the salespeople they recruit. Some companies have been discovered to exploit members and are viewed as illegal pyramid schemes.
The FTC said all new businesses signed consumer damage compensation contracts with official direct-selling mutual aid cooperatives. The agreements bind MLMs to conform to

Read more...

90 Year Old Dena Edwards Has Been Mary Kay Distributor For 46 Years

 
The OCRegister reports: 
A black-and-white newspaper clipping from a 1974 edition of the Fullerton Tribune shows a grinning woman stroking her cheeks in an upward motion, showing patients at a convalescent hospital how to properly apply facial cream.
Dena Edwards, the woman in the photo, was already well into her career selling cosmetics with Mary Kay Inc. when that photo was taken. She started her career 46 years ago and hasn’t stopped working since.
Even today, the bottom of her pink business card reads: “Call me for a complimentary facial.”
Edwards celebrated her 90th birthday on Saturday.
Crowned with a sparkly silver tiara, Edwards greeted old friends, colleagues and customers at the active senior residential community in Fullerton she calls home. Today, she maintains more than 150 Mary Kay customers as an executive senior sales director.

“It was

Read more...