Longtime direct sales executive Joey Carter is joining Ruby Ribbon’s advisory team, after participating in the shapewear company’s recent Series C funding round.
Carter is General Partner at Direct Selling Capital, the Dallas-based firm that co-led Ruby Ribbon’s $7.5 million round alongside San Francisco’s DBL Partners. Silicon Valley venture firms Trinity and Mohr Davidow also participated in the round.
Before founding Direct Selling Capital, Carter was Chairman and CEO of Home Interiors & Gifts Inc., a direct selling company founded in 1957 by his grandmother, Mary Crowley. During his tenure the business reached annual sales in excess of $600 million.
Carter also has served as Chairman of the Direct Selling Association and held a seat on the Direct Selling Education Foundation’s board. He currently is an advisor and consultant to Ambit Energy LLP.
“We are
Tag Archive for Guest Authors
Hot Business News Today
Laguna Blends Appoints Ray W. Grimm Jr. To The Advisory Board
by Nicole Dunkley • • 0 Comments
Laguna Blends Inc. announces that Ray W. Grimm, Jr. has been appointed as a consultant to Laguna Blends Inc. and added to its advisory board. Mr. Grimm is a direct selling / multi level marketing expert.
Mr. Grimm is a veteran entrepreneur with more than a quarter century of experience building some of the top nutritional and weight loss companies in direct sales history.
Mr. Grimm has what many consider to be the Midas touch in building multimillion dollar companies, three of which exceeded $50 million in sales within their first five years. In 2011, Mr. Grimm also created and co-founded one of the fastest growing weight loss brands ever developed producing $10 million in sales in its first year.
His vision, leadership and expertise in nutrition, weight loss and direct sales are unmatched
Hot Business News Today
Plexus To Host Ribbon Cutting At New Headquarters
by Nicole Dunkley • • 0 Comments
Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller, will host a ribbon cutting of its new 70,000-square-foot World Headquarters office building in the Pima Center at 5:30 p.m. on Jan. 21.
The new headquarters building is adjacent to the company’s 30,000-square-foot warehouse and fulfillment center for a combined campus of more than 100,000-square-feet.
The new campus brings together the company’s 200+ employees who previously worked at several facilities located in and around the Scottsdale Airpark, according to a press release.
The move was necessary as Plexus Worldwide outgrew its facilities thanks to its astronomical growth from less than $1 million in annual revenue in 2010 to more than $300 million in 2014.
“Building our new headquarters adjacent to our warehouse facility allowed us to create a functional campus where we can truly get the most
Hot Business News Today
WorldVentures Celebrates 10th Anniversary Among 22,000+ Reps
by Nicole Dunkley • • 0 Comments
WorldVentures annual UNITED conference, held inOrlando, Fla. Jan. 15-17, celebrated the company’s 10th anniversary of helping people achieve more fun, freedom and fulfillment and providing its Members with premium vacations at reduced prices.
Over 22,000 Independent Representatives came together to celebrate past successes, look ahead to the next decade with innovative new technologies and travel products, and give back to the Orlando community.
In the spirit of its core value: Care and Concern, WorldVentures Independent Representatives kicked off the weekend by coming together on the morning of Friday, Jan. 15 to volunteer at eight area Boys & Girls Clubs of Central Florida.
The group of 350 volunteers—the largest in WorldVentures’s history—were divided among eight clubs to do a variety of projects. Several of the projects were outdoors in the playground areas where volunteers worked tirelessly even during torrential rain storms. This
Hot Business News Today
Stella & Dot CEO To Release First Book
by Nicole Dunkley • • 0 Comments
Stella & Dot Chief executive Jessica Herrin is a mentor to thousands of entrepreneurs at Stella & Dot Family Brands, the company she founded in 2007, but her insights on life and business will find a wider audience in a forthcoming book.
Titled Find Your Extraordinary, the book marks Herrin’s literary debut and invites readers to “dream bigger, live happier, and achieve success on your own.” The 272-page book from Crown Business, a subsidiary of Random House, is set to hit shelves on May 3, 2016.
“Whether we work a corporate job, run a family, or run our own business, Herrin offers realistic, attainable steps each one of us can take to achieve extraordinary success on our own terms,” the publisher’s blurb states.
“Through candid and inspiring lessons from her life as a successful CEO and working mother
Hot Business News Today
4Life Celebrates New Gold International Diamonds Luis Mario And Guadalupe Nevárez
by Nicole Dunkley • • 0 Comments
4Life executives proudly announced the advancement of Luis Mario and Guadalupe Nevárez from Mexico to Gold International Diamond, the company’s second highest rank.
“Achieving this position has filled our hearts with joy and happiness. We are committed to teamwork, developing a strong presence in the field, and maintaining a strong vision,” said Luis.
Luis and Guadalupe became 4Life distributors in 2006 after learning about the business opportunity from Luis’s cousin.
They became connected to the International Networkers Team and embraced the chance to develop a better future and serve others.
Through sharing 4Life products, Luis and Guadalupe have developed their business through consistent discipline and daily focus.
Luis and Guadalupe enjoy spending time together as a family with their two daughters, Lilian and Marlen, and their granddaughter, Ana Luisa. One of their most meaningful experiences
Hot Business News Today
ForeverGreen Recaps 2015 Highlights and 2016 Growth Strategy
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, recently announced key accomplishments made in 2015 and provides an outlook for an aggressive approach to profitability in 2016.
“In 2015, ForeverGreen grew approximately 14%. We did experience several non-recurring costs to solidify our brand that we do not anticipate having in 2016. We will continue our growth in 2016 while focusing efforts to be more efficient and increase profitability,” commented CFO Jack Eldridge.
Business highlights from 2015:
Official pre-launch of new product, Ketopia, in North America, Mexico, Australia and Japan
Global launch of the Farmer’s Market products
Received coveted BSCG (Banned Substance Control Group) anti-doping certification for PowerStrips
Sold its 20 millionth PowerStrip
European growth – expanded and enhanced operations in Europe by fulfilling orders from the European warehouse, improving delivery times and lowering delivery costs as well as introducing new products Fixx and Pulse-8
Hot Business News Today
Natural Health Trend 2015 Q4 – Up 108% To $73.6 Million
by Nicole Dunkley • • 0 Comments
Natural Health Trends Corp. (NASDAQ:NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced its fourth quarter 2015 estimated revenue.
The Company estimates total revenue for the quarter ended December 31, 2015 to be $73.6 million, which represents an increase of 108% compared to $35.4 million in the fourth quarter of 2014.
The Company estimates that its deferred revenue at December 31, 2015 was $4.0 million, compared to $4.5 million at September 30, 2015. At December 31, 2014, deferred revenue was $2.7 million, compared to $2.9 million at September 30, 2014.
“In the first few days of the New Year, our stock was caught up in the selloff in the Chinese and other stock markets around the world.
Hot Business News Today
Youngevity International Adds Scott Salik As VP Of Global Content
by Nicole Dunkley • • 0 Comments
Youngevity International, Inc., a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, announced today that Scott Salik has been added to its executive team in the position of VP of Global Content.
Mr. Salik is an award-winning media executive with a track record for producing effective branded multi-language, multi-country content and live events from concept to completion.
Dave Briskie, President and CFO of Youngevity, said, “We are so fortunate to add Scott Salik to our executive team. His track record for integrating state-of-the art technical and creative innovations to maximize content value, enhance user engagement and grow brands is unmatched in our industry. He has already impacted our business with the launch of the Youngevity Virtual Meeting
Hot Business News Today
Elken To Open Into The Philippines Market
by Nicole Dunkley • • 0 Comments
Leading Malaysian direct selling company Elken is tapping into growth in the Asia Pacific region with its forthcoming entry into the Philippines.
The company coordinated a soft launch in the Philippines in December 2015, hosting public events to introduce its business model and extensive range of products.
The Elken product line, number more than 500 across the categories of cosmetics, personal care, wellness, food and beverage, and home care. An organic spirulina supplement and water purification system are among the company’s top-selling products.
The Philippines is one of the fastest-growing direct selling markets in the world, according to research by the World Federation of Direct Selling Associations. From 2011 to 2014, constant dollar revenue from direct sales increased at a compound annual growth rate (CAGR) of 17.6 percent, outpaced only by growth in China and