By Diana Schneidman One of the obvious benefits of working at home is that it doesn’t matter where your employing company is located. You have a worldwide market for your services. Given that there are certain benefits to having international opportunities, why would you prefer to work for a local company? There are several pluses […]
Hot Business News Today
Hot Business News Today
Nature’s Sunshine Products To Close Vietnam Market
by Nicole Dunkley • • 0 Comments
Nature’s Sunshine Products, Inc., recently announced a plan to streamline its operations and refocus its activities on profitable growth opportunities in response to conditions in certain of its markets.
The planned streamlining is expected to reduce costs, improve efficiencies and renew focus on larger and more profitable Company markets.
As part of the streamlining, the Company expects to close its Vietnam market, eliminate approximately 100 to 130 positions worldwide through both severance and attrition, and incur one-time expenses during the current year of approximately $3.9 million, which includes approximately $3.1 million of employee severance costs, $0.7 million related to the closure of Vietnam and $0.1 million in other related costs.
The vast majority of these costs will be incurred in the second quarter and all but approximately $0.1 million will be cash
Hot Business News Today
CVSL 2014 Revenues Up at $108.8 Million
by Ramya Chandrasekaran • • 0 Comments
CVSL Inc. [NYSE MKT: CVSL] has been recognized on two recent direct selling industry rankings. Direct Selling News has named CVSL as #84 on the 2015 Global 100 list of the top revenue-generating direct selling companies in the world. It also has ranked CVSL as #45 on the 2015 North America 50, which lists the top direct selling companies in North America.
CVSL’s 2015 global ranking is 15 spots higher than last year, when CVSL ranked #99.
The 2015 ranking does not include CVSL’s most recent acquisition, Kleeneze, which joined CVSL after the rankings were calculated. Kleeneze made the Global 100 list on its own, coming in at #100.
“For a company like CVSL that is only two years old, ranking #84 on the Direct Selling News Global 100 is an impressive distinction,” said CVSL Vice Chairman John Rochon, Jr.
Hot Business News Today
FTC Commissioner Praises Direct Sellers
by Ramya Chandrasekaran • • 0 Comments
The direct-selling industry on Tuesday earned praise from a Federal Trade Commission (FTC) commissioner amid calls for greater regulation.
FTC Commissioner Maureen Ohlhausen praised the industry’s efforts to improve its self-regulation efforts during remarks at the National Press Club in Washington.
“I commend you for your partnership with [Council of Better Business Bureaus] that has increased awareness and understanding – and appreciation – of the importance that the direct selling industry places as an industry on ensuring it is an ethical and trustworthy marketplace,” she said.
The industry has come under fire from advocates who say more regulations are needed from FTC officials to protect consumers from pyramid schemes and faulty advertising.
But Ohlhausen said that sometimes self-regulation is “the only option for certain advertising practices where government intervention is limited by First Amendment concerns.”
Still, Ohlhausen
Hot Business News Today
Total Life Changes Recognizes Their Top Earners
by Nicole Dunkley • • 0 Comments
The first wave of financial freedom can be seen on the faces of TLC’s elite leaders that launched their business in Total Life Changes within the past 16 months.
The vision and the foundation was prepared by V.P. Kenny Lloyd and carried out by a team of dedicated IBO’s that had a history of success in the MLM industry. Now they are capitalizing on the benefits of their teamwork and dedication toward creating one consistent message to the field; each of these leaders is now earning $100,000 a month or more as a result.
“We’re so proud to be a part of this movement and the momentum that continues to improve every single day. My wife & I just purchased our dream home, in cash, because of our decision to join Total Life
Hot Business News Today
Mary Kay Goes Country as Official Beauty Sponsor of the ACM Awards
by mallen@directsellingnews.com • • 0 Comments
Mary Kay got back to its Southern roots on Sunday as the Official Beauty Sponsor of the 50th Academy of Country Music (ACM) Awards.
Hot Business News Today
Indian Govt Looks Abroad For Anti-Pyramiding Laws
by Ramya Chandrasekaran • • 0 Comments
From Saradha to Rose Valley and the Pearl scam, with a slew of ponzi-like financial frauds rocking the country in recent years, the government of India is also looking for solutions abroad.
Top government sources said that the finance ministry’s department of financial services (DFS) has obtained information about industry and regulatory practices from around the world in order to amend laws relating to ponzi-like, multi-level marketing pyramid schemes.
“A request had been sent to all the embassies and high commissions of India to gather all relevant information about legal and regulatory framework and industry practices for direct selling, multi-level marketing and pyramid marketing schemes in select countries,” an official document from a recent meeting said.
“Some of the inputs received from the Indian missions abroad are being incorporated in the proposed Prize Chits and
Hot Business News Today
Will Google 'Mobilegeddon' Wreak Havoc on Small Business?
by Successful IBO • • 0 Comments
A new Google search formula set to go in effect Tuesday could wreak havoc on small businesses.
Hot Business News Today
Pileup on I-80 in Wyoming kills 1, closes interstate again
by Successful IBO • • 0 Comments
Trucks and cars piled into one another Monday in dense fog on Interstate 80 in southeast Wyoming, resulting in a fiery chain-reaction crash that killed one person, injured 16 and sent up a column of thick black smoke.
Hot Business News Today
QNET Launches New Global Compensation Plan
by Ramya Chandrasekaran • • 0 Comments
QNET, Asia’s leading direct selling company, has embarked on an aggressive growth strategy by raising its income potential for distributors with a bold, new compensation plan that is set to bring positive sales growth in fiscal 2015.
QNET unveiled its super hybrid compensation plan called Q10 in Kuala Lumpur today that will give QNET business owners higher income potential and incentives for steady growth.
“With the power of 10, QNET will pay up to 50 percent of sales in commissions, and with 10 ways to earn, true residual income and lasting wealth are within reach of every QNET Independent Representative (IR).
“And, Q10 will be the ultimate game changer simply because the move is aimed at inspiring QNET IRs to build solid, long-term growth and residual income. It is a very bold move by the company