Hot Business News Today

Hot Business News Today

Network Marketing 15 out of 100 Top Beauty Companies

by  •  • 0 Comments

 
Women’s Wear Daily posted their top 100 in a recent article (shared below) and network marketing companies mark 15 of the top 100. 
The big keep getting bigger. One look at Beauty’s Top 100, our annual ranking of the world’s biggest beauty companies, and the strength of the key players is plain to see. In all, 2013 beauty revenues amounted to $204.61 billion, up 1.9 percent year-on-year.
French beauty giant L’Oréal alone generated nearly 15 percent of total sales made by all the cosmetics manufacturers, widening the gap with second-rankedUnilever by a massive $9.19 billion, versus the $8.18 billion in the prior year. Unilever also gained substantially on number three, Procter & Gamble, while fourth-placed Estée Lauder Cos. passed the $10 billion revenue mark for the first time. 
But the news isn’t just about the status quo getting stronger. This year’s ranking is peppered with new players, too, including Allergan, the pharmaceutical firm best known as the maker of Botox that strengthened its skin-care muscle with the December 2012 acquisition of SkinMedica. The move came in a year during which many beauty companies are more aggressively pursuing dermatological products; Unilever’s Dove and Elizabeth Arden were among firms recently introducing derm-inspired lines, for instance. Another newcomer to the ranking is Burberry, which in less

Read more...

Hot Business News Today

Forbes Believes MLM Is One Of The Most Significant Solutions For Retirement

by  •  • 0 Comments

 
Robert Laura, a contributor for Forbes.com, has recently written an article for the publication, stating that he believes MLM is one of the most significan solutions for retirement and shares why: 
At some point in your life you’ve been pitched a multi-level marketing (MLM), direct selling, or network marketing business opportunity.  While the pitch varies from company to company, it basically promises a chance to ditch your 9-5 work schedule, be your own boss, and make lots of money while making new friends in the process.
It all sounds good on paper, yet there is a seemingly endless debate over whether these companies and programs are legitimate business opportunities or not, so I dug in and got the real scoop.  As a result, I believe that the entire industry is poised for explosive growth and can be one of the most significant solutions to America’s currentretirement savings crisis.
Initially, that may sound like a bold statement, but it’s not if you understand retirement the way I do.  The reality is, making a successful transition into retirement has more to do with psychology than with money… and the same may hold true for multi-level and network marketing.
Don’t get me wrong, money has a role in

Read more...

Hot Business News Today

Amway Thailand Eyes BT17 Billion In Sales

by  •  • 0 Comments

 
Amway managing director Kittawat Ritteerawee said that the company had seen positive economic signs, including the return of consumer spending in the past few months.
He said another positive sign was the higher number of people applying to be Amway independent business owners during the past couple of months after a decline in the number early this year.
Early this year Amway’s main customers, those with high purchasing power and high brand loyalty, were not in a spending mood due to the economic and political situation.
But despite that, Kittawat said Amway took only a slight drop in terms of its main products including supplementary foods.
He added that if there were no major issues for the remainder of the year, such as major flooding, the company believed it could achieve this year’s revenue target while the political stability continued.
The company also planned to launch promising new products and promotional campaigns in an attempt to boost sales in the second half of the year.
Pakapan Leevutinan, the new president of the Thai Direct Selling Association, estimated that the direct-sales industry this year would grow between 5% and 7% to around Bt70 billion, thanks to the economic recovery and the improving political atmosphere.
She said that the industry could

Read more...

Hot Business News Today

WakeUpNow $26 Million Revenue In First Half Year

by  •  • 0 Comments

 
WakeUpNow has published its Q2 report, and reports a revenue of $16,4 million, Q1 revenue was $9,7 million, so revenue is 70% up.
A small profit of $32,000 in Q2 while Q1 had a loss of $1,5 million.
WakeUpNow management stated:
“Though the Company’s current financial condition may cast doubt on its ability to continue as a going concern, management believes that its plan of operation, if successfully implemented, will generate sufficient earnings to both restore a stable financial condition and provide adequate returns to its shareholders”.
Postive factors:
“Management believes that its efforts to develop a robust product offering with a compelling value proposition will continue to attract distributors both in the United States and abroad”.
As risk factors WakeUpNow mention:
“State governments could attempt to tax our distributors as employees which would be devastating or fatal to our business.”
 For instance, a staff member from the Utah State Tax Commission, has threatened to attempt to classify our distributors as employees and classify us as an employer of our distributors on the theory that our distributors are eligible for bonuses based on exceeding certain sales revenue goals.
“A substantial majority of our sales are via credit card and if we are unable to maintain relationships with

Read more...