In recent years, the $32 billion domestic direct selling industry has been under fire by the media and regulatory agencies over what constitutes a legitimate business enterprise.
Established companies are now scrambling to remain compliant, as new guidelines are being created on the fly and passed-down by the government. Meanwhile, the new start-up Bode Pro, founded by Top CEO BK Boreyko has just released a commission plan that silences the media and satisfies regulators, while attracting four major marketing channels.
A 2.0 update to its recent March launch, the Bode Pro Commission Program adopts a modern day design and is the ‘first of its kind’ to effectively address the four major marketing channels: retail, Internet, network and influencer marketing.
This ‘plan for the future’ incorporates the latest regulatory guidelines, while creating an environment in which independent influencers can thrive in marketing some of the finest and creative wellness products available anywhere in the world.
“The first 6 to 12 months of any start-up is really its prelaunch—the period when marketing strategies are refined and any tweaks to the business plan can be made to produce faster results,”
says Bode Pro CEO, BK Boreyko.
“We’ve already assembled a well-seasoned and extremely talented group of international field
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Avon CEO Sheri McCoy Is Expected To Step Down
by Ted Nuyten • • 0 Comments
According to an article in Wall Street Journal:
Sheri McCoy, the CEO of cosmetics company Avon, is reportedly expected to step down.
The Wall Street Journal, citing people familiar with the matter, reports that the 58-year-old chief executive may be retiring. The terms of her potential departure, as well as details about a replacement, are not yet known.
McCoy’s possible departure gave some investors hope, sending shares of the struggling makeup company up roughly 4.6% by the market’s close Wednesday.
The company has struggled with declining sales and a sharp downtick in its stock price in recent years. In May, Avon’s stock price dropped 22% in a single day, falling to $3.62.
That prompted two shareholders — Barington Capital Group LP and NuOrion Partners AG, which together own 3% of the company’s stock — to urge the 131-year-old cosmetics brand to look for a new CEO.
Earlier this week, Avon announced that Miguel Fernandez, a former Herbalife executive, would take over as global president in August — replacing John Higson, who is set to retire in the fall, the Wall Street Journal reported.
About Avon Products, Inc.
Avon is the company that for more than 125 years has stood for beauty, innovation, optimism and, above all, for
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Network Marketing The Second-Biggest Industry In Utah With $8.5+ Billion In Revenue
by Ted Nuyten • • 0 Comments
Utah in the USA and its capital Salt Lake City is famous for its world-class ski resorts, nature and the Church of Jesus Christ of Latter-day Saints (LDS Church).
Beyond that, however, Utah has a lesser-known claim to fame: It is the unofficial world capital of multi-level marketing and direct sales companies.
There are at least 100 Network Marketing companies in Utah alone, generating est $8.5 + Billion in annual revenue and making direct sales the second-biggest industry in Utah behind tourism, according to Loren Israelsen, executive director of the Utah-based United Natural Products Alliance.
Under corporate executives there is a strong “Old Boys network culture” many executives have worked with each other in different companies, helping each other to success.
Top earners such as Ken and Carol Porter with life time earnings of $28 million, Steve and Melyn Campbell $26 Million, Nathan Ricks $50 million and Mark Comer $17 Million are Utah based residents.
Per capita, Utah has more MLMs than any other state.“It must have something to do with the way LDS culture works in the valley,” said Ann Dalton, CEO of the beauty product direct-seller Perfectly Posh, from her Salt Lake City office.
Connections fostered in LDS communities, said Dalton, create a hotbed
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100 Year Old Woman Refuses to Retire After 76 Years in Network Marketing
by Ted Nuyten • • 0 Comments
Step Into Success – Harriet Lonergan turns 100 and has no intentions of slowing down.
The 76-year Direct Sales Consultant shares how the party plan sales model helped her earn extra income, have a social life and work her business around her personal schedule over the last several decades.
Direct Sales Trainer and author of Direct Selling for Dummies, Belinda Ellsworth, sat down with Harriet to learn more about her 76 year journey in direct sales.
When Ellsworth asked the Minneapolis resident about her start in the industry, Harriet replied, “My dear, it was lucky. You’re going to hear me use that word a lot because I feel like I’ve been so lucky.”
Lonergan started her direct sales journey as an Avon Representative where she went door to door in her neighborhood with her baby collecting orders.
After representing a few companies, Harriet landed at home and entertaining product company, Princess House. This year, she is celebrating her 50th anniversary with the company.
“I remember that my father didn’t want me doing it because women weren’t working at the time. They stayed home. But I needed extra money and I wanted to do something with my life. And it was the beginning of how women saw
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QNET Convention A Massive Success With Record 15,000 Attendance
by Ted Nuyten • • 0 Comments
Prominent Asian direct selling company QNET held its annual convention, V-Con 2017, in May in Penang, Malaysia.
The five-day extravaganza of inspiring presentations and new product launches was attended by a whopping 15,000 distributors who came from all corners of the world.
The five-day event presented prime opportunities for QNET’s distributors, to learn from QNET’s top leaders on how to go after their dreams and be in tune with the call to be limitless.
Another major attraction at this year’s convention was the attendance of Bollywood star Vivek Oberoi who inspired the crowd with his personal stories of failure, success, and finding his purpose. As the ambassador for the Cancer Patients Aid Association (CPAA), Vivek presented the brave warriors (Divyuansha, 6, Lahu, 7, Aakhansha, 16, and Anita, 40) on stage to thank QNET for supporting their fight against the big C.
V-Malaysia 2017 also witnessed the launching of QNET’s new products in the Home Care, Personal Care, and Luxury ranges as well as holiday packages with tripsavr 2.0. With more than 30 QNET product brands on display at the ‘QNET Carnival’ exhibition area, SPICE transformed into a massive showcase of QNET’s global business.
“In line with QNET’s philosophy of RYTHM (Raise Yourself to Help Mankind),
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ForeverGreen – FGXpress CEO Ron Williams Resigns
by Ted Nuyten • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today the appointment of Rick Redford, as the company’s new CEO.
Ron Williams has resigned as the company’s President and CEO, and will remain as a member of the Board of Directors, as well as continue in a consulting role working directly with the leadership in the field.
Ron Williams commented,
“Finding the right person has been a timely and thorough process for the company. Mr. Redford has the right experience and knowledge to do an outstanding job as the Company’s new CEO.
I am looking forward to continue supporting and growing the company by taking a role that really embodies my talents and passion, which is working with our distributors and leaders of the company and to always keep our
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German Regulator Freezes IMS – An OneCoin Company For Unauthorized Payment Services
by Ted Nuyten • • 0 Comments
The BAFIN in Germany regulates financial transactions and according to a German press release, Bafin ordered InternationaI Marketing Services – a OneCoin company – to freeze and cease its operations in Germany as the company did not and does not have the required authorization for finincial transactions.
The order may still be subject to judicial review.
BaFin is one of the largest financial supervisory authorities in Europe. With its more than 2,600 employees, BaFin takes an industry-appropriate and risk-oriented approach to supervision on the basis of recognised European supervisory standards.
As an integrated financial supervisor for the banking, securities and insurance sectors, BaFin ensures the stability of the largest financial market in continental Europe.
BAFIN did not judge the Direct Sales compensation plan:
BaFin does not have the right to decide as to
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Paycation Names Larry Cantrell As President
by Ted Nuyten • • 0 Comments
Paycation officially announced at the 2017 National Leadership Conference in Las Vegas their global expansion strategy and the much-anticipated person that will be leading the charge.
TraVerus Global, Inc., was introduced as the new parent company of Paycation Travel, Xstream Travel and Xstream Holidays. These entities will continue to operate under the TraVerus Global brand as the travel and leisure division.
Bachar Nutrition will be added as a health-and-wellness division, along with Success Training Institute (STI) operating in conjunction with the other businesses in a personal development division. These three areas combine to give customers and representatives more options to improve their lives in a more complete way.
Larry Cantrell was announced to spearhead the expansion strategy and is welcomed as the new President of TraVerus Global. Cantrell is a 30-year veteran of the
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OneCoin – OneLife Sales Are $500 Million+ Per Month
by Ted Nuyten • • 0 Comments
According to our information, despite the bad press OneCoin and their marketing Arm OneLife gets, sales are topping $500+ Million per Month.
At this growth rate the company will be the largest direct selling opportunity in 2017 in the world, passing well known giants as Amway and Avon.
Earlier OneCoin – OneLife annouced their intention to go public:
The company press release:
“It is with great pride that we announce the first steps OneCoin is taking toward being publicly traded.
The procedure every company has to go through in order to become listed on the stock exchange is long and complicated, so we are sharing the information 15 months in advance, so we can all prepare accordingly. It is official – OneCoin is going public in the second quarter of 2018, and we want the coin
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Lyoness Plans To Appeal Against Swiss Pyramid Decision
by Ted Nuyten • • 0 Comments
According to an article in TT.com an magazine in Austria, Lyoness has stated it plans to appeal the decision from the Swiss Court that the company compensation plan is a Pyramid – Snowballl system.
The google translation, partly edited:
Against Lyoness, main sponsor of the Austrian football club Rapid Wien, is an other civil law judgment. This time, the Swiss Obergericht Zug has described Lyoness as a snowball system. Members would only receive money when they recruited other members. Moreover, the business model is intransparent. The judgment is not final.
Lyoness had resisted a corresponding judgment of the lower court and has now cut off with the complaint. A judgment of the Supreme Court of the Canton of Zug (APA), dated February 28, is entitled to appeal “if a legal question is of fundamental importance”.
Lyoness