Tag Archive for MLM Facts

Tupperware CEO Rick Goings Steps Down

Tupperware Brands Corporation (NYSE: TUP), executing on its planned succession process, announced today that its Board of Directors elected Patricia (Tricia) A. Stitzel to the position of President & Chief Executive Officer and nominated her for election to the Company’s Board of Directors, effective May 9, 2018. E.V.
(Rick) Goings will serve as Executive Chairman and focus on the successful transition and leadership of the Company’s purpose-centered initiatives.
Stitzel has served as the Company’s President & Chief Operating Officer since October 2016. Prior to this role, she served as Group President, Americas, and in leadership positions of increasing responsibility in Europe and the United Statessince joining the Company in 1997.
Goings has led the Company since 1992 and has served as its Chairman and Chief Executive Officer since 1997.
Commenting on her new role, Stitzel said, “I am grateful to the Board of Directors for its trust and confidence, and I am excited to lead this great Company into the future, supporting our important global purpose and executing on our strategic growth initiatives.
With our high-quality and innovative products, dedicated sales force of over 3 million people and experienced global leadership team, we are poised to build upon our strong foundation in capitalizing on new

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LifeVantage Introduces Products, Programs And Technology

LifeVantage Corporation (Nasdaq:LFVN) highlighted a host of significant events at its Elite Academy distributor convention in Indianapolis over the weekend.
LifeVantage recently launched Vitality StackTM Packets, a portable version of its successful Vitality StackTM product. The initial cyberlaunch was followed up at Elite Academy with a formal introduction to over 4,500 distributors with training to support the launch.
LifeVantage Chief Marketing Officer Ryan Goodwin commented,
“This new product further swings the pendulum toward a family of biohacking products that build on and complement each other, rather than toward any single product. The strong distributor response gives us confidence that our product strategy is on trend.”
The Company introduced a new customer acquisition program that will provide a better experience for customers and a potential additional source of revenue for distributors. Currently, LifeVantage sells products exclusively through its network of independent distributors.
Beginning in March, new customers in the U.S. will be able to purchase products at LifeVantage’s corporate website and will be auto-assigned to distributors who are new to the company and active in their business following the initial purchase, opening up a new pool of potential customers.
In connection with this new customer program, the Company has created a new mobile app that is scheduled

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Youngevity Completes Acquisition Of Nature Direct

Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today announced the acquisition of Nature Direct, a manufacturer and distributor of essential-oil based nontoxic cleaning and care products for personal, home and professional use.
Nature Direct was formed in Australia in 2007 to create eco-friendly, effective and affordable home cleaning products using essential-oils. Since then the company has grown its product lines to include personal care and professional use nontoxic disinfectant products.
Until now, Nature Direct’s sales force has been located in and focused on the Australian market. As part of Youngevity International their products will now be made available throughout Youngevity’s social selling program that operates in seven (7) countries including New Zealand, Mexico, Columbia and the United States.

“Youngevity has been searching for a green alternative line of cleaning products that would be synergistic with our philosophy of offering products that are supportive of a healthy lifestyle for some time.
Nature Direct’s products embody those attributes we were seeking and are a welcome addition to our Youngevity family of products,”

stated Dave Briskie, President and CFO of Youngevity International.
“We are excited to join the Youngevity team and become a part of their innovative omni-direct platform as we bring with our clean

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Top Leader Ben Sturtevant Named VP Marketing Of Bliss Business

Ben Sturtevant, Top Leader and Network Marketing Ambassador  explains as follows:
“Before I spill the beans, let me provide a little context…
I started my network marketing journey in 1997 at the age of 19. When I began I never expected to have the success I’ve had. It has been an amazing journey.
I built a team of 40,000 distributors over the last 11 years (really from 2006 to 2014) online.
I used technology, not to replace me but to make me more efficient. I didn’t have a big warm market. I wasn’t the life of the party type of personality. But I was an entrepreneur. So by accident, I taught myself how to market online.
Over the last 11 years I’ve been with one company. I’ve been fortunate to have been very successful with them.
Unfortunately, our company was sold in 2014 and our new parent company just didn’t have a passion for MLM.
Changes were made and the short story of it is that my passion for building was lost.
Being the loyal person I am, I stuck it out and tried the make the best of it. But obviously, once your passion is gone it’s very hard to get it back.
After a couple of years

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Ryan Higgins – TruVision Health – Achieves $160,000 Per Month In Commission

On the tails of TruVision Health‘s record breaking month, Ryan Higgins (a top-earner for TruVision Health) achieves a new rank of 8 Star Director and collects the largest commission check in TruVision Health’s history.
Ryan Higgins, a father of 4 from Slidell LA, has been an Associate of TruVision Health since July of 2014. In the past 3.5 years, Ryan has exceeded the expectations of TruVision Health and continues to push the limits of the compensation plan.
January, 2018 — Ryan is the first to achieved the rank of 8 STAR Director (the highest rank of TVH) and earned over $160,000 in monthly commissions.
“I am successful but I get more joy out of my team’s success and their phone calls to me, all excited about achieving new ranks, feeling better, or just having more freedom.”
– Ryan Higgins
Coming from a background in screen printing & apparel, Ryan has created a comfortable living in the Network Marketing industry by building a team with a strong foundation and showing exceptional leadership skills. He has an organization of over 10,000 Associates, majority of which know him on a personal level. He is an instant friend to anyone that he meets and a dedicated leader to

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FTC Hits Digital Altitude – Aspire With A Temporary Restraining Order

According to their website:
“Digital Altitude teach digital entrepreneurs how to start and grow a profitable online business with our unique coaching products and world class live events.”
“You want to start an online business… But you don’t know where to start. Want to learn to turn your Passion into Profits? Or maybe you have already started one and don’t know what to do next.
 
In Aspire, you will gain access to resources that will set you on the right track.”
The FTC:
At the Federal Trade Commission’s request, a federal court has temporarily halted an operation that took more than $14 million from consumers seeking to start their own online business.
The operation misrepresented that its purported business coaching program would enable consumers to earn substantial income, such as “six figures in 90 days or less.”
According to the FTC, the defendants induced consumers to pay for a series of tiered memberships with increasing fees, falsely claiming that consumers would learn how to make substantial income with an online business.
They promised consumers they would receive individualized coaching from successful marketers that would provide what they needed to build a successful business, but, in reality, these were merely salespeople selling higher membership levels in the defendants’

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Empower Network – David Wood Joins WorldVentures

According to an email send to Empower Network members:
“We’re WorldVentures and we’ve got a special invitation for our Empower Network friends.
David Wood is helping to share the WorldVentures opportunity with hundreds of thousands of people from Empower, so we’ve created an exclusive offer for you and your team to join our company.
And best of all, if your team chooses to sign up with you, they will still be intact with your WorldVentures downline. Take advantage of this special offer!
You’ve spent years enhancing talent, coaching newcomers and giving your heart and soul to a team that thrives under your guidance. You’ve spent time and money perfecting your skills and abilities, so now what do you do?
If you’re like David Wood, the answer is simple: Join us.
David Wood said:
“You know what I can do when I’m working with the right team, with the right company, with the right products, at the right time.
And you know what Vick Strizheus can do. I want you to imagine what’s possible for you and your family now that we’ve decided to align ourselves with what I believe is the BEST network marketing company in the world, WorldVentures.”
About WorldVentures Holdings
Headquartered in Plano, Texas, WorldVentures Holdings LLC is

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LifeVantage Q2 Year 2018 Revenue Up 1.1% To $49.5 Million

LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its second quarter ended December 31, 2017.
Second Quarter Fiscal 2018 Summary:

Revenue increased 1.1% to $49.5 million year over year and 0.7% sequentially;

Revenue in the Americas decreased 1.9% while revenue in Asia/Pacific & Europe increased 11.0% including a 9.3% increase in Japan, both on a year over year basis. On a sequential basis, revenue in the Americas increased 2.0% while revenue in Asia/Pacific & Europe decreased 3.0%, including a 4.4% decrease in Japan;

Active independent distributors and active preferred customers decreased 1.6% and 2.7%, respectively, year over year and decreased on a sequential basis 1.6% and 0.9%, respectively;

Adjusted EBITDA decreased 5.0% year over year to $3.7 million while increasing 37.6% sequentially;

Earnings per diluted share were $0.02 and adjusted earnings per diluted share were $0.11; and

Completed first share repurchases under the Company’s $5.0 million shares repurchase program.

“We continue to execute on our key initiatives for fiscal 2018 and generated both year over year and sequential revenue growth during the second quarter,”

stated LifeVantage President and Chief Executive Officer Darren Jensen.

“The recent launch of our highly anticipated Vitality Stack Packets is a key aspect of our product strategy initiatives.
We are also pleased to have successfully completed

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USANA Year 2017 Sales Up 4% To $1.047 Billion

USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal fourth quarter and full-year ended December 30, 2017.
Financial Performance
For the fourth quarter of 2017, net sales were $273.1 million compared with $252.9 million in the prior-year period, or an 8.0% increase year-over-year. The weakening of the U.S. dollar positively impacted net sales by $7.4 million for the quarter.
The Company’s total number of active Customers2 increased modestly year-over-year to 565,000.
The Company reported a net loss for the fourth quarter of $5.9 million, or $0.24 loss per share, compared with net earnings of $21.9 million, or $0.87 per diluted share during the prior-year period. The net loss is attributable to a one-time, non-cash charge of $30.1 million, or $1.24 per diluted share, related to the U.S. tax reform3 (the “Tax Reform”) enacted on December 22, 2017.
The charge is largely due to foreign tax credits and other deferred tax assets that the Company will not be able to realize under the new tax laws. Costs related to China and the Company’s internal investigation into its China operations, which was first disclosed in February 2017, negatively impacted fourth quarter net earnings by approximately $2.7 million after tax and earnings per diluted

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Tupperware Q4 Sales Down 2% To $588 Million

Rick Goings, Chairman and CEO, commented, “Our local currency sales came in 1-point under our October guidance range. Overall, our top-line did accelerate on a sequential basis after adjusting for calendar shifts, in connection with having an additional week in the fourth quarter of 2016, and the closure of Beauticontrol.
China’s significant growth trajectory continued, while Brazil and Tupperware Mexico grew nicely, demonstrating resilience in the face of tough externals coming out of the third quarter of 2017. Adjusted earnings per share was 6-cents above the high-end of our range in local currency after a 1-cent drag from foreign exchange rates versus October guidance.”
Goings continued, “Our re-engineering program to revitalize operations and improve the cost structure, primarily in Europe, continues to progress. Globally, we continue efforts to evolve our relationship-selling business model to include greater access to our powerful brands and innovative products through the use of digital tools, branded contact points and a relevant earning opportunity for our growing sales force of 3.2 million.”
Fourth Quarter Executive Summary – (Comparisons with Fourth Quarter 2016)

Net sales were $588.6 million, down 2% (4% local currency). On a Comparable Basis, adjusting for the impacts of the 53rd week in 2016 and the closure of Beauticontrol, local currency sales were estimated to be up

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