Monthly Archives: November 2024

Top Direct Selling CEO 2024 – Poll

Business For Home is compiling the Top Direct Selling CEO In The World Poll for 2024.
A Chief Executive Officer (CEO) is the highest-ranking corporate officer (executive) or in charge of total management of an organization.  The Chief Executive Officer (CEO) is the highest-ranking executive in a company or organization, responsible for the overall strategic direction, decision-making, and performance of the business.

In short, the CEO plays a central role in shaping the company’s vision, ensuring its financial success, managing relationships with key stakeholders, and setting the tone for the company culture and its overall direction.

We have nominated the Top CEO’s or Co-CEO’s in cooperation with numerous Direct Selling Professionals. If we have missed your awesome CEO or for questions, please email our Support Desk.
According to industry experts:
“The CEO and/or owner is the most important factor in any business. If you have a good one with a good mind and good heart, that will solve almost any problem.
A good leader will always find a way to create a great opportunity for you. If you have a bad leader, it doesn’t matter how good the product or compensation plan is, they will find a way to mess it up“

If we have missed your company, please

Read more...

NU Skin Q3 Revenue Down 13.8% To $430 Million

Nu Skin Enterprises Inc. (NYSE: NUS) announced third quarter results.
Business For Home comment:

Nu Skin lost almost $1 Billion in revenue from 2018 ($2,680 Million) to 2024  ($1,730 Million forecast).
Nu Skin lost 400,000+ customers from 2018 (1,244,000) to 2024 (831,768)
Nu Skin lost almost 50% of it sales leaders from 2018 (73,400) to 2024 (38,284)

Nu Skin press release:
Executive Summary Q3 2024 vs. Prior-year Quarter

Revenue $430.1 million; (13.8)%
Earnings Per Share (EPS) $0.17 compared to $(0.74) or $0.56 excluding an inventory write-off.
Customers 831,768; (15)%
Paid Affiliates; 149,264; (20)% or (11)% excluding an adjustment to eligibility requirements
Sales Leaders; 38,284; (19)%

“During the third quarter, we achieved results within our previous guidance range with challenges in the core business partially offset by continued strong growth in our Rhyz segment,”

said Ryan Napierski, Nu Skin president and CEO.

“While we continue to face macroeconomic pressures and challenges within the direct selling industry, our immediate focus is to strengthen the Nu Skin core with a revised business model intended to improve channel activation and customer growth beginning with North America and South Korea this quarter.
In addition, we are introducing a streamlined operating framework to improve profitability with an adjusted pricing model to improve customer penetration in developing markets starting with

Read more...