According to Amway’s Business Brochure:
“More freedom. More flexibility. An Amway independent business offers you a path filled with possibilities, all on your terms. It’s a low-cost, low-risk way to start your own business regardless of your professional background, life experience, or education. You supply the passion and hard work, we’ll provide the training, support, inspiration, and rewards be in business for yourself but not by yourself.”
Fact is that if any business, as in Direct Sales, declines, is not very attractive for a business builder.
Growth is what you need, momentum and a great compensation plan. Amway’s official statement about the decline is: “Market conditions in China”.
However, if you listen to former Amway diamonds and corporate executives, there is an other important issue: the outdated Amway’s compensation plan. In some countries Amway’s presence
Tag Archive for Direct Selling Secrets
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Herbalife Paid a $200 Million Fine – Then the FTC Screwed it Up
by Ted Nuyten • • 0 Comments
According to an article in Forbes, Herbalife Paid a $200 Million Fine and then the FTC screwed it up:
Three weeks ago, on Jan. 10, the Federal Trade Commission announced what sounded like great news for people who had lost money with Herbalife, the multi-level marketer of weight-loss shakes and nutritional supplements: Their checks were in the mail.
It was the final outcome in the FTC’s lengthy battle with Herbalife (hlf, +0.32%), which in July agreed to pay $200 million in a controversial settlement.
And it was supposed to be a great victory for the hedge fund manager Bill Ackman, who had poured $1 billion into a bet against Herbalife stock and long argued that Herbalife was scamming immigrants into loading up on weight-loss shakes they’d never be able to sell at a profit.
But
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Thermomix Australia – A Vorwerk company – Is Being Sued By A Former Distributor
by Ted Nuyten • • 0 Comments
According to News.com.au an Australian based magazine, Thermomix a Vorwerk company is sued by a former distributor.
News.com.au:
THE $2089 Thermomix calls itself “the most advanced appliance on the market” and has thousands of zealous fans, but the cult kitchen brand is at the centre of a bitter, emotional legal battle with a “traumatised” former contractor.
The high tech food processor is supposed to make life easier, yet in the past two years the company has been accused of causing third degree burns, encouraging a toxic bullying culture and failing to be honest with its customers.
Now former contractor Elisabeth Higgins, 56, from Perth, is suing Thermomix Australia in the District Court of WA. She claims Thermomix took away her business and failed to compensate her, and wants them to pay her lost earnings of
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Stemtech International Files For Bankruptcy – Thousands Of Distributors in Shock
by Ted Nuyten • • 0 Comments
Stemtech International, is an USA based network marketing company and offers “innovation, wellness and prosperity” in the global marketplace with a patented and patent-protected line of all-natural nutritional products that can be purchased only from Independent Business Partners.
In 2015 the company had a revenue of $52 million in 2016 $43 million.
This month Stemtech’s CEO and founder Ray Carter has filed for Chapter 11 bankruptcy, leaving thousands of distributors in the dust.
According to Stemtech reasons for the bankruptcy is a long lasting and lost lawsuit against Andrew Paul Leonard a photographer of stem cells, as a lawsuit against a supplier of raw materials Cerule. Total amount creditors is approx. $5 million.
In August 2015 Inc. Magazine has included Stemtech International Inc. on its List of the Fastest-Growing Private Companies in America for the third consecutive year. Stemtech
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Legal Shield CEO Jeff Bell Open Letter To The FTC On Pyramid Schemes
by Ted Nuyten • • 0 Comments
Jeff Bell is CEO of LegalShield, an USA based leading provider of affordable legal plans and identity theft solutions for individuals, families and small businesses, serving more than 4.2 million people across North America.
He has send the next open letter to the FTC:
When Federal Trade Commission Chairwoman Edith Ramirez steps down in a few days, we will remember her speech at the Direct Selling Association’s Business and Policy Conference in Washington last October, where she clearly laid out what it means to be operating a pyramid scheme.
Her remarks were important, and they were necessary. Because the Direct Selling Association (DSA) can’t seem to enforce the ethical codes and standards it created, the FTC had to step in to clean house. While some companies, such as LegalShield, embrace network marketing as a powerful
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Coty Completes Acquisition of 60% Stake To Enter Into A Partnership With Younique
by Ted Nuyten • • 0 Comments
Coty Inc. (NYSE: COTY) announced today that it has completed the acquisition of a 60% stake in Younique, a leading online peer-to-peer social selling platform in beauty. In this new partnership, Younique’s Founders continue to own the remaining 40%.
Younique will operate as a separate business within Coty’s Consumer Beauty division. It will continue to be led by its current CEO, Derek Maxfield, Chief Visionary Officer, Melanie Huscroft, and Younique’s management team, in partnership with Coty.
Camillo Pane, Coty’s Chief Executive Officer, said,
“We are pleased to complete this transaction and partner with Younique to build a leading global e-commerce beauty company. We welcome Younique’s employees, presenters and customers to the Coty family.”
The transaction is expected to be immediately accretive to Coty’s top-line growth, EBITDA margin and FY17 earnings.
About Coty Inc.
Coty is one of
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5 Reasons To Start Paying Attention To Network Marketing
by Ted Nuyten • • 0 Comments
Top Leader Nathan Ricks is a world-renown network marketer, public speaker, and businessman. He has been a leader in network marketing for three decades. His explosive career began in 1989 when he created an independent distributor force of 100,000 people in just 24 short months.
Nathan has since become a member of the $20 Million Dollar Circle. He is the founder of One Team Global (OTG), a worldwide sales organization with over 500,000 distributors in 54 countries.
Nathan Ricks:
I read an article the other day about starting a business for retirement income and how this practice may be one of the most significant trends impacting retirement in the 21st century.
After reading, I was inspired to write a follow-up tied into network marketing. I predict this industry’s growth is about to explode over next
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doTERRA Classified As Triple A Opportunity
by Ted Nuyten • • 0 Comments
doTERRA is classified as Triple A (AAA+) opportunity based on key figures such as revenue, momentum, poll results, alexa ratings, input from direct selling professionals, top earners and Head Office visits.
Business For Home recommends doTERRA. There is high certainty that the net benefit is substantial for a (new) representative. doTERRA enjoys a 68 percent retention rate, compared to a direct selling industry average near 10 percent. After joining doTERRA, 68 percent of all customers reorder, continue to share doTERRA products, or build a doTERRA business.
doTERRA International, LLC produces and distributes exceptionally high quality CPTG Certified Pure Therapeutic Grade® essential oils through more than 3 million independent distributors, also known as Wellness Advocates, around the world.
In addition to a premium line of essential oils used by individuals and health-care professionals alike,
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PM International Sales up 30% to $460 Million in 2016
by Ted Nuyten • • 0 Comments
Germany based netwok marketing company PM International reports $460 million in sales for 2016, up 30% from $350 million in 2015.
“Chapeau! You have done a great job in 2016, “said PM founder and CEO Rolf Sorg at the KICK OFF enthusiastically about the positive development of PM-International AG.
“Great praise to the sales department and its leaders, but also to all who are doing their best day after day – a real team performance”. 460 million US dollar sales within the PM group, Italy and Hong Kong with growth figures above 100 percent, Norway with 83 percent, the new D drink sold out in all countries shortly after the launch, the CC-Cel set with 723 percent more Sale as in 2015 – PM-International is currently not stop.
The attendance figures for the
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Germany’s Top Direct Selling Company LR Health And Beauty In Decline
by Ted Nuyten • • 0 Comments
According to an article in Netcoo News, Germany’s leading Direct Selling Magazine, LR Health and Beauty (LR) is in trouble.
It is, or was, one of Germany’s largest Direct Selling companies with an annual revenue of $250 million.
As Business For Home has pointed out in this article: Direct Selling Field CEO or Ivory Tower CEO – If a CEO has NO Field experience, changes he/she will bring the company and distributors much growth is not big….
To be at the helmet of a Network Marketing company can not be learned in Business School.
Field experience…. been in the trenches… did the tough job….
Who make or break a Network Marketing company?
Distributors and customers, not accountants. Focus on share holder value and forget your distributors? Fast lane to decline.
Netcoo magazine:
“But what is missing what obviously