Tag Archive for MLM Country Report

Hot Business News Today

Herbalife Q1 Revenue 2024 Up 1% To $1.3 Billion

by Team Business For Home • May 2, 2024 • 0 Comments

“We achieved our second consecutive quarter of year-over-year net sales growth. We are laser focused on cost reductions, which drove outperformance of our Adjusted EBITDA guidance,”

said Michael Johnson, Chairman and CEO.
First Quarter 2024 Highlights

Achieved year-over-year net sales growth on both reported and constant currency basis.
Net sales of $1.3 billion, up 1.0% vs. 1Q ’23,
Net income of $24.3 million.
Adjusted EBITDA1 of $138.3 million exceeds guidance.
Diluted EPS of $0.24 and adjusted diluted EPS1 of $0.49.
Announced new restructuring plan to streamline organizational structure.
Annual cost savings of at least $80 million expected beginning in 2025, with approximately $40 million expected in 2024.
Recognized pre-tax expenses of approximately $17 million in SG&A.
Rolled out all-new distributor e-commerce platform, built on Herbalife One, to distributors in UK and Spain.

“Economic opportunities built around selling diversified nutrition and wellness offerings, including through approximately 67,000 fixed location nutrition clubs worldwide, differentiates us from others in our industry,”

said Michael Johnson.
About Herbalife Ltd.
Herbalife (NYSE: HLF) is a premier health and wellness company and community that has been changing people’s lives with great nutrition products and a business opportunity for its independent distributors since 1980.
The Company offers science-backed products to consumers in more than ninety markets through entrepreneurial Distributors who provide one-on-one coaching

Hot Business News Today

JIFU Welcomes Dr. William Cimikoski, M.D. As Scientific Advisor

by Team Business For Home • April 30, 2024 • 0 Comments

JIFU, a leading provider of exclusive travel savings, education, health & beauty products, and a compensation plan unmatched in the industry, is pleased to announce the appointment of Dr. William Cimikoski, M.D., as its new Scientific Advisor.
Dr. Cimikoski, the esteemed Medical Director of Utah Stem Cells, brings extensive expertise in regenerative medicine, hormone replacement therapy, aesthetics, and weight loss management to the JIFU team. With over seven years of specialized residency and fellowship training, Dr. Cimikoski is recognized as a leading authority in his field, having been featured on prominent platforms such as Healthline TV, ABC News, and Fox 13.

“At JIFU, we are dedicated to delivering cutting-edge solutions for our customers’ health and wellness needs,”

said Bradley Boyle, CEO of JIFU.

“Dr. Cimikoski’s commitment to innovation perfectly aligns with our mission, and we are excited to collaborate with him to enhance our product offerings and explore new avenues in anti-aging technology.”

Kyle Copeland, JIFU Global President, expressed his enthusiasm for Dr. Cimikoski’s appointment, stating,

“We are thrilled to have Dr. William Cimikoski supporting JIFU with his knowledge and experience in the rejuvenation field and stem cells. With his contribution, we are confident that we are building a science legacy for all our affiliates.”

About

Hot Business News Today

eXp Realty Appoints Wendy Forsythe As Chief Marketing Officer

by Team Business For Home • April 30, 2024 • 0 Comments

eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the appointment of Wendy Forsythe as Chief Marketing Officer.
She will be responsible for building eXp Realty’s marketing strategies and initiatives globally, enhancing the company’s brand visibility and further empowering its agents worldwide.

“Wendy’s extensive experience and passion for real estate marketing uniquely position her to lead our marketing strategies into a new era as we continue to expand globally. Her visionary approach will be crucial in elevating eXp Realty’s presence and impact on the world stage,”

said Leo Pareja, CEO of eXp Realty.

“Her industry background and understanding of modern real estate marketing will best position us to expand our reach and impact in the market.”

In her role as Chief Marketing Officer, Forsythe will oversee all aspects of eXp Realty’s marketing strategy, from brand management and advertising to digital marketing and public relations. Her strategic vision will focus on strengthening eXp Realty’s position as a leader in the real estate industry while enhancing the innovative tools and services that empower eXp Realty agents.

“I’m absolutely thrilled to join eXp Realty. This company is a real trailblazer in the real estate

Hot Business News Today

Medifast Q1 2024 Revenue Down 49.9% To $175 Million

by Team Business For Home • April 30, 2024 • 0 Comments

First quarter 2024 revenue decreased 49.9% to $174.7 million from $349.0 million for the first quarter of 2023, primarily driven by a decrease in the number of active earning OPTAVIA Coaches, lower Coach productivity, and a $9.1 million impact from a timing difference related to changes in the company’s sales order terms and conditions with its customers realized in the first quarter of 2023.
The total number of active earning OPTAVIA Coaches decreased 35.6% to 37,800 compared to 58,700 for the first quarter of 2023.
The average revenue per active earning OPTAVIA Coach was $4,623, compared to $5,945 for the first quarter last year, primarily driven by continued pressure on customer acquisition.
Dan Chard, Chairman & Chief Executive Officer said:

“Fast paced medical innovation is providing greater access to medical weight loss solutions than ever before. We are transforming our OPTAVIA offer to include comprehensive support for consumers who wish to use GLP-1 medical weight loss solutions on their individual journeys to sustainable healthy lifestyles.
It’s a market that is estimated by a recent BCG market study to have the potential to grow to $50B or more by 2030, and it’s one that we are uniquely positioned to capitalize on.”

About Medifast®:
Medifast (NYSE: MED) is

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Top Leader Brandon Stevens Resigned And Joins Life Activated Brands

by Team Business For Home • April 29, 2024 • 0 Comments

After a transformative six-year tenure at Q Sciences, Brandon Stevens has resigned, leaving behind a legacy of significant growth and international expansion in key markets including the United States, Canada, Japan, Australia, and Europe. Under his leadership, Q Sciences developed its largest and most rapidly growing team.
Brandon, who has been in the industry for 14 years, has generated nearly a billion dollars in sales revenue, establishing himself as a legendary figure. His approach to leadership is deeply hands-on and engaging, fostering an environment in which his teams have consistently thrived.
Brandon has recently partnered with Life Activated Brands, with an official launch set for May 1. He was drawn to Life Activated Brands for his final industry venture, seeking a company where he could ensure that his teams, friends, and business associates would not only succeed but also feel valued and protected. He was attracted by the prospect of a partnership that offered him a significant role in shaping the company’s culture.
Brandon is passionate about correcting what he sees as the industry’s shortcomings. He is determined to pioneer a new standard in network marketing, creating an environment where individuals can genuinely achieve transformative success.
With his new role as Vice President of Sales

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Joey Michals And Kortnei Lynn Achieve Highest Rank In LifeWave

by Team Business For Home • April 26, 2024 • 0 Comments

Joey Michals, and Kortnei Lynn, achieve the highest rank, Senior Presidential Directors in LifeWave. This amazing couple is not only taking LifeWave by storm, they have a touching love story behind their remarkable success.
Joey, a seasoned networker but has never seen the success he and Kortnei are experiencing in LifeWave with the X39 Device. Joey chose LifeWave because he was interested in a company that was not another me too (same old products, weight loss, skin care, supplements, powders, energy drinks) company. He and Kortnei are convinced that X39 device is the best product/technology ever introduced in the Network Marketing Industry.
Joey and Kortnei are so grateful to be teamed up with their sponsors Keston and Broke Robinson.They lead by example and have stood beside Joey and Kortnei since day one. The real miracle happened once Joey realized they would be teaming up with, Network Marketing Legends, Steve and Gina Merritt. They understood, when the Merritt’s get serious about something, this LifeWave opportunity was going to be Big. Huge, and Oh My Gosh they were right.

“We are also so appreciative of Steve and Gina Merritt who are always On Fire and have been incredibly helpful. Their belief in us is a

Hot Business News Today

Mannatech Expanding With Thailand Office

by Team Business For Home • April 26, 2024 • 0 Comments

Mannatech, Incorporated (NASDAQ: MTEX), a leading global health and wellness company committed to transforming lives through Glycan technology, is thrilled to announce a significant milestone in its expansion efforts. With a steadfast commitment to empowering individuals and communities through innovative health solutions, Mannatech is excited to announce its continued expansion into the ASEAN region, with the official launch into the Thailand market.
This opening will bring Mannatech’s global presence to 26 markets.
Landen Fredrick, President and CEO, said:

“Existing and future Mannatech Associates eagerly anticipate the official launch in Thailand on June 17, 2024. During the soft opening, individuals will be able to register as Mannatech Associates.
Additionally, we will launch Luminovation™ skin care, our premier K-Beauty line. This marks the initial step towards establishing a robust presence in the region, laying the groundwork for the future. This new market launch signifies a momentous occasion for Mannatech and its dedicated Associates.
Mannatech’s expansion into Thailand is our first new market in several years and provides an exciting opportunity to introduce our products to a new country and culture. The opening team, led by Roh Jae-hong, Mannatech Korea’s general manager, has conducted extensive market research, and worked tirelessly to prepare for this launch. We are

Hot Business News Today

MONAT Global Announces The Growth Alliance With Eric Worre

by Team Business For Home • April 25, 2024 • 0 Comments

Healthy-aging haircare, skincare, and wellness innovator MONAT Global Corp (MONAT) announced a new strategic agreement with network marketing thought leader Eric Worre. Throughout 2024 Eric will provide MONAT Market Partners with expert coaching to support them in continually growing their businesses.
During his career in direct sales, Worre built multimillion-dollar sales organizations totaling more than half a million distributors across 60 countries. Today, he is world-recognized as a network marketing thought leader who has trained millions of top earners around the globe. Worre is the author of the bestselling book Go Pro: 7 Steps to Becoming a Network Marketing Professional.

“We’re locking arms with Eric to help fulfill MONAT’s five-year plan to become a billion-dollar brand,”

said Ray Urdaneta, CEO and Co-Founder of MONAT.

“As we launch the Growth Alliance to support this plan, Eric is teaming with us to provide world-renowned coaching for our Market Partners, focusing on mindset, knowledge, and actions.”

Worre first partnered with MONAT as the keynote speaker during MONATions United in 2017.

“We are committed to building MONAT leaders who never stop growing,”

said Worre, founder, Go Pro Academy.

“I’ve had a firsthand view of MONAT’s phenomenal ten-year expansion to become a global industry leader. I look forward to supporting the company’s

Hot Business News Today

30,000+ Votes For The Most Trusted Direct Sales Company Poll 2024

by Team Business For Home • April 19, 2024 • 0 Comments

Trust refers to the perceived level of trustworthiness and reliability that a Direct Sales / Network Marketing company has in the eyes of its customers, distributors, and the general public.

It is based on a variety of factors, including the business’s reputation, track record, financial stability, customer reviews and feedback, industry certifications, awards and recognition, and the quality of its products or services.

Having strong business credibility is important for attracting and retaining customers and distributors, building long-term relationships, and gaining a competitive advantage in the marketplace. It helps businesses to establish themselves as trustworthy and dependable, which can boost customer and distributor loyalty and encourage repeat business.
To enhance their business credibility, network marketing / direct sales companies should be:

Transparent and honest in their dealings with customers and distributors
Adhere to high ethical standards
Provide excellent customer service
Continuously work to improve the quality of their products or services.

They should also be active in their industry and community, participating in relevant events and initiatives, and demonstrating a commitment to social responsibility and sustainability.
Which Direct Sales company is the most trusted in 2024?
If we have missed your company, please fill in this form or log a support ticket

To keep our polls honest, you can vote 1

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