Author Archive for Successful IBO

Nu Skin Revenue 2024 Down 12% To $1,730 Million

Nu Skin Enterprises Inc. (NYSE: NUS) today announced fourth quarter and full-year 2024 results above its latest revenue guidance.
Executive Summary Q4 2024 vs. Prior-year Quarter

Revenue $445.6 million; (8.8)% (4.1)% FX impact or $(20.1) million
Rhyz revenue $83.1 million; 27.7%
Earnings Per Share (EPS) $(0.73) or $0.38 excluding restructuring and other charges, compared to $0.15 or $0.37 excluding restructuring and other charges
Customers 831,972; (15)%
Paid Affiliates 144,874; (13)% or (12)% excluding an adjustment to eligibility requirements
Sales Leaders 36,912; (16)%

Executive Summary 2024 vs. 2023

Revenue: $1.73 billion; (12.0)% (3.8)% FX impact or $(76.1) million
Rhyz revenue $286.6 million; 32.3%
Earnings Per Share (EPS): $(2.95) or $0.84 excluding restructuring and other charges, compared to $0.17 or $1.85 excluding inventory write-off and other charges

Ryan Napierski, Nu Skin president and CEO said:

“We were pleased to beat our fourth quarter revenue guidance, generate sequential revenue growth and exceed our adjusted earnings as we materially completed our restructuring plan. As we look ahead to 2025, we anticipate improving business trends and a return to year-over-year growth in several of our markets but also anticipate continued economic challenges and poor consumer sentiment, particularly in Greater China and South Korea.

Napierski continued:

“This year we will focus on strengthening our core Nu Skin business with the continued

Read more...

Anthony Napolitano Celebrates 10 Year Anniversary with iGenius

Anthony Napolitano, from Port Saint Lucie, Florida, recently celebrated his ten-year anniversary with iGenius. He’s reached an incredible benchmark on his network marketing journey and has been with iGenius longer than any other member. 
Anthony Napolitano said,
“The reason why I love iGenius is because of the value we’re bringing to the market when it comes to financial education and financial literacy. It is something that a very small percentage of the world is truly educated on.
A lot of people think hard work is the key to success. It’s important to have ambition, but the ambition has to be in the right vehicle. iGenius is the right vehicle, and that’s why I love this company.”
When Anthony first got involved with the company, it was a very early-stage business. Because of that, he’s felt like he’s had a voice and an impact in building the business to where it is today. 
He said, 
“When I joined iGenius I knew it was going to be a long-term play. I don’t just join things; I help create things. With iGenius I saw an opportunity to help create a business that can help impact the lives of people from all around the world and create success stories for

Read more...

Wichada Ruaykrit, General Manager of QuiAri Thailand, Brings Years Of Global Executive-Level Experience to the Table

QuiAri is just one week away from the Grand Opening of their highly anticipated office in Bangkok, Thailand. Excitement can be felt throughout the MLM industry as top Industry Leaders, Prospects, and Customers expect explosive growth and skyrocketing momentum throughout Thailand. QuiAri Founder & CEO, Bob Reina has pulled out all of the stops and is ready to shatter records.
He made his intentions for Thailand crystal clear with the announcement of Wichada Ruaykrit as General Manager for the QuiAri Thailand Office. Wichada is a talented, well-respected and experienced local Leader with the exact MLM pedigree Bob Reina was looking for to help launch and manage the new office.
She has held Executive-Level positions at 6 global Network Marketing companies (4 from the United States, 2 from Germany) before joining QuiAri and has also served as a Consultant, Personal Assistant, and even as a Promoter in the Field for several other companies, acquiring a deep understanding of the MLM industry and learning how to quickly achieve success.
Her decision to join QuiAri was easy, as she was well aware of QuiAri’s breakthrough anti-aging Products featuring MaquiX®, and the world’s first and only 5-Minute Pay Compensation Plan. With big dreams and

Read more...

How To Obtain A Direct Sales License For China

Obtaining a direct sales license in China involves navigating a comprehensive regulatory framework established to oversee direct selling activities.
It’s important to note that while direct selling is permitted, multi-level marketing (MLM) structures are prohibited in China. The regulations strictly forbid compensation based on the recruitment of new sales people.

Given the complexity of the application process and the stringent regulatory environment, it is advisable to consult with legal experts or professional consultants who specialise in Chinese commercial law to ensure full compliance and to facilitate a successful application.

The key regulations governing this process are the “Regulation on Direct Selling Administration” and the “Regulation on Prohibition of Chuanxiao (Pyramid Selling),” both enacted in 2005. These regulations permit direct selling under stringent conditions to prevent pyramid schemes and ensure market stability.
Eligibility Criteria:
To qualify for a direct sales license, an applicant must meet the following conditions:
Corporate Status: The applicant must be a legally established corporate entity. The applicant for the Direct Sales License has to set-up a FIE (i.e. Foreign Invested Enterprise) in the form of a WFOE, thus it is necessary to get the approval of the MOFCOM for this proposed investment. The investment is going to be approved only if the investor

Read more...