Tell us a little bit about Moxie Gear and how it got started. I wanted to start my own direct sales company and wanted a business that could really help women in a way that no other company was. Personal protection has always been important to me and I have given safety and personal security […]
Monthly Archives: November 2014
Hot Business News Today
Amway Opens New Experience Center In China
by Tina Williams • • 0 Comments
Amway Corp, the world’s largest direct selling company, on Friday opened its first experiencecenter in Shanghai as part of its efforts to further expand its presence in China.
The company said the new center will play a big role in upgrading its image, branding andprovide more transparency and understanding in connecting with customers.
The center, located in the central business district of Shanghai and covering 7,500 squaremeters, was designed by architects from South Korea. It features high-tech and green-styleimmersion experiences of various business units of Amway.
The retailer plans to set up a similar center in Shenzhen in South China’s Guangdongprovince later this year and another one in Beijing next year. More centers could be opened inother big cities to upgrade the company’s traditional shops that mostly offer transactions withdistributors.
The next generation of Amway shops will be upgraded to serve as the branding, culture andcommunication unit of the company, it said.
Doug DeVos, president of Amway, who is slated to take over as the new president of theWorld Federation of Direct Selling Association next month, said his main agenda will be tomake the direct selling business more transparent and widespread.
About 50 direct selling companies have got licenses to conduct businesses in China andthere are growing expectations that they would soon be connected through an industryassociation.
He said the global direct selling industry has been growing steadily. “Our efforts would be topromote the industry, build transparency and make everybody understand the direct sellingbusiness,” said Devos.
Though direct selling is in essence a simple business, there are still lots ofmisunderstandings, said Devos, adding that companies must simplify their messaging andenhance innovation and creativity to further improve the quality of their products andcustomer experiences, especially in markets where direct selling is relatively new.
The Michigan, US-based company posted sales of about $11.8 billion last year.
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3 Seasonal Business Secrets to Year-Round Profitability
by Successful IBO • • 0 Comments
Businesses whose sales peak during a certain time of year may have a tough time making ends meet during the off-season. Here’s how seasonal businesses can stay profitable all year long.
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DubLi Celebrates More Vice President Promotions, Including Industry Legend; Sheri Sharman
by Tina Williams • • 0 Comments
Jason Cardamone, USA, Aron and Cathy Parker, USA, Donald Haley, USA, ,Kameron George, Canada, and Sheri Sharman, USA who has been in the industry for over 25 years and recently came out of retirement to work with DubLi, all qualified at the VP level in the month of October.
This adds to the growing list of new Vice Presidents for DubLi, which has seen a recent surge in distributor growth in the U.S., as opposed to their extreme customer growth, which has been their primary focus over the last few years.
The Vice President level is a difficult level to reach, let alone accomplish it in one-two months. DubLi awards their VP’s with a property in the Cayman Islands (Grand Cayman) and at the next level, Senior Vice President, the award is a custom built, paid-for, home on that property.
The Vice President level qualification is to have 5 separate legs that each have at least a Sales Director.
DubLi is a cashback shopping network that offers three membership options; a free membership, monthly paid, or the yearly ‘VIP’ option. Depending on the level will reflect the cashback percentage. To become an independent sales distributor with DubLi the options start with a $500+ package.
Only in recent years has DubLi moved to
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Blyth Reports 3rd Quarter Results, Decreased Profits Of 6%
by Tina Williams • • 0 Comments
Blyth, Inc. (NYSE: BTH), a direct to consumer company and leading designer and marketer of candles and accessories for the home and health, wellness and beauty products, household convenience items and personalized gifts sold through the direct selling and direct marketing channels, today reported sales and earnings for the third quarter of 2014.
Net sales for the three months ended September 30, 2014 decreased approximately 6% to $90.8 million from $97.0 million for the comparable prior year period.
Blyth’s operating loss for the third quarter was $11.4 million this year versus a loss of $11.5 million last year. Net Earnings Attributable to Blyth, Inc. were $106.2 million for the three months ended September 30, 2014 compared to a loss of $8.5 million in the prior year period. Diluted Net Earnings per Share Attributable to Blyth, Inc. were $6.57 per share for the three months ended September 30, 2014 compared to a loss of $0.53 per share in the prior year period.
During the third quarter, the Company recorded after-tax expenses of $0.04 per share related to the refinancing of its 6% Senior Notes and an after-tax profit from discontinued operations for ViSalus of $7.16 per share this year and $0.04 last year. Normalized earnings from continuing operations were a loss of $9.0 million, or $0.55 per share, in this year’s third quarter versus a loss of $9.1 million, or $0.57 per share, in
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Avon Beats Q3 Expectations, Still Shows Signs of Struggle
by mallen@directsellingnews.com • • 0 Comments
The release of Avon Products Inc. third quarter results Thursday before markets opened surpassed earnings expectations while missing revenue forecasts.
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Politics, Like Direct Selling, Is All about Relationships
by mallen@directsellingnews.com • • 0 Comments
“Just because you do not take an interest in politics does not mean politics won’t take an interest in you.” Pericles made that statement in 430 B.C., but the Direct Selling Association is sending the same message today.
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Maine voters to weigh $50 million in bonds
by Successful IBO • • 0 Comments
A quick flip through a newspaper or TV channels and Maine voters may think that the only thing on the ballot next week is the combative three-way race for governor.
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Phone company halts health benefits for strikers
by Successful IBO • • 0 Comments
A FairPoint Communications spokeswoman is confirming that the company has stopped providing health coverage for its striking workers.
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Herbalife To Settle Class Action Lawsuit, Denies Any Liability
by Ted Nuyten • • 0 Comments
On October 31, 2014, global nutrition company, Herbalife Ltd. (NYSE:HLF) entered into a settlement agreement that, if approved by the court, will resolve a class action lawsuit against the company.
The company has been aggressively defending itself against the plaintiffs’ allegations set forth in Bostick v. Herbalife ever since the lawsuit was filed in 2013. Yet, the potential cost, as well as the distraction, disruption and burden of prolonged litigation on the company and its management team, led the company to decide that the terms set forth in the settlement agreement provided the best path for moving forward.
The company notes that the settlement does not contain an admission of liability or wrongdoing and still asserts that the suit has no merit. Additionally, the company notes that the plaintiffs’ counsel acknowledge that a finder of fact could reasonably conclude there is substantial demand for Herbalife product and Herbalife is not in violation of the law.
Mark Friedman, general counsel of Herbalife, stated:
“We are fully confident that we would have prevailed. Settling this matter, however, is in the company’s best interest as it allows us to put it behind us and focus on the future growth of the company.”
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF)