Analysts from D.A. Davidson an Equity Research Company published a long in depth report and we are publishing the highlights:
We (the analysts) attended the North American convention of Herbalife on July 20th. MLM training guru Eric Worre gave two talks — it was the best and most practical information we have seen at an MLM convention.
Worre has a consultancy agreement with Herbalife (HLF), his first-ever at the corporate level, and his compensation is based partly on getting HLF to double-digit growth. HLF announced Success Builder, a comp system tweak to drive reps to the 42% payout level.
The Eric Worre factor seems like a game-changer for the company. Training guru for the
MLM industry, Eric Worre, spent nearly 2 hours total giving 2 separate talks: “Why Herbalife?” and “7 Skill Sets.”
Several individual senior level distributor leaders had hired him personally as a training coach, so the corporate leadership decided to engage him to give access to the HLF distributors worldwide. He said he had never agreed to a corporate-wide relationship, but what convinced him with HLF was the high degree of alignment among the corporate senior management, shareholders, and distributors in the field.
Worre sincerely believes being a W-2 employee is the