Hot Business News Today

Hot Business News Today

Origami Owl Hosts 5,000 Attendees At Phoenix O2 Experience

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Origami Owl, a national jewelry company known for its customizable jewelry and signature Living Lockets hosted the O2 Grow Experience, their second annual conference, in Phoenix, Arizona this past weekend.
More than 5,000 attendees descended upon the Phoenix area from across the country to see the latest product launches and participate in presentations designed to support and empower the Independent Designer sales force that is at the heart of Origami Owl.
The brand mission to be a ‘force for good’ and ‘make a difference in the lives of others,’ was evident throughout the three-day program, which balanced practical as well as motivational information and speakers.
The big news out of the conference was the launch of a beautiful new collection of elegant crystal lockets, crystal leather wrap bracelet lockets, crystal lanyard lockets, crystal stud earrings and colorful individual crystals which includes an exclusive custom hexagon crystal design, all made by the world-renowned crystal brand, Swarovski. The leader in crystals, the name Swarovski has become a synonym for craftsmanship, quality, prestige and creativity all over the world. 

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Hot Business News Today

Amway Korea Flaunts Regulations, Receives Slap On The Wrist

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Ammway Korea (CEO Park Sae-joon), the largest multi-level marketing company, received correctional orders from the Fair Trade Commission (FTC) for flaunting the regulations set for multi-level marketing companies. However, the FTC has also been criticized for handing out a too-light punishment.
Unilateral Arrogance
According to the FTC on July 29, Amway forced its salespersons who resell Amway products to not sell products cheaper than a stated purchase price. If any salesperson violated this order, they were temporarily disqualified from conducting any sales activities. Disqualified salespersons are not eligible for support allowances, usually paid depending on each person’s sales performance and that of their subordinate salespersons. Disqualified salespersons can no longer recruit subordinates, either.
This is a clear violation of the Monopoly Regulation and Fair Trade Act (Section 21). Amway salespersons are not employees of the multi-level marketing company, but are considered to be independent retail distributors. Accordingly, salespersons can legally dispose of products they buy from the company via any method, including price discounts. This possibly helps consumers buy daily necessities at lower prices.

The FTC gave Amway corrective orders to stop the price fixing activities and delete the relevant clause from their sales guidelines. The FTC said, “Amway deprived consumers of the opportunity

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Ambit Energy Introduces Power Payback

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Ambit Energy, a leading national retail energy provider, is introducing its Power Payback program to reward Texas customers who reduce energy use during periods of extreme electricity demand. The program provides users with bill credit if they reduce their consumption during designated time periods.
“We’ve already rewarded our customers for making referrals with our Free Energy program,” said Ambit Energy Co-Founder and CEO Jere Thompson, Jr. “It seemed like a logical next step to also pay them back when they help reduce the strain on the power grid during periods of extreme electricity demand.”
Under the program, customers in Texas who have Smart Meters will receive advance notification of an impending period of extreme electricity demand. They then have the opportunity to cut back on their electricity use during the specified time. If their electricity usage during this time is lower than their average from the same time period over the previous five weekdays, they receive a bill credit of $1.00 for every kilowatt-hour saved.
“Power Payback is the easiest and most generous program of its kind in the Texas market,” Thompson says. “In fact, with automatic enrollment, our customers don’t even have to sign up. These simple savings come in the form of $1.00 per kilowatt-hour bill

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