Tag Archive for MLM Facts

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USANA 2023 Revenue 8% Down To $921 Million

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USANA Health Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal fourth quarter and fiscal year ended December 30, 2023.
Key Financial Results & Guidance:

Fourth quarter net sales were $221 million versus $228 million during Q4 2022 and $213 million during Q3 2023.
Fourth quarter diluted EPS was $0.87 as compared with $0.66 during Q4 2022.
Fiscal year 2023 net sales were $921 million as compared with $999 million during fiscal year 2022.
Fiscal year 2023 diluted EPS totaled $3.30 versus $3.59 during fiscal year 2022.
Company provides initial fiscal year 2024 net sales and diluted EPS guidance of $850 million to $920 million and $2.40 to $3.00, respectively.

Jim Brown, President and Chief Executive Officer said:

“USANA delivered solid fourth quarter operating results, which exceeded our expectations. Our sales strengthened, in part, in response to a global incentive offering that was particularly effective in our Greater China region where it helped generate double-digit sequential growth in Active Customer counts.
This boost helped to offset the seasonal slowdown we typically experience during the final month of the quarter and helped us finish the year strong.”

Mr. Brown continued,
“Both net sales and diluted EPS for fiscal 2023 exceeded our guidance ranges. Although 2023 was a challenging

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Zinzino January 2024 Revenue Up 15% To $14 Million

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According to a Zinzino press release:
Zinzino group revenue increased with a total of 15%, compared with the previous year.
The revenue in January for Zinzino’s sales markets increased by 17% and amounted to SEK 140.2 (120.3) million.
Faun Pharma’s external sales decreased by 11% and amounted to SEK 8.1 (9.1) million.

Overall, the Group increased revenues by 15% to SEK 148.3 (129.4) million compared with the previous year.

About Zinzino
Zinzino AB (publ.) is a global Direct Sales company that markets and sells test-based nutrition, skincare and life-style products. Zinzino owns the research unit BioActive Foods AS and production unit Faun Pharma AS.
Zinzino is based in Gothenburg, with additional offices in Finland, Latvia, Norway, USA, Australia, Hong Kong and Malaysia. Zinzino is a public company and its shares are listed on Nasdaq First North Premier Growth Market. For more informaton please visit www.zinzino.com
 
The post Zinzino January 2024 Revenue Up 15% To $14 Million appeared first on Direct Selling Facts, Figures and News.

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Samantha and Nathan Gaines: Journey to Financial Freedom with MKX Network

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Samantha and Nathan Gaines, a vibrant couple from MKX Network, embody partnership, perseverance, and determination in their entrepreneurial journey.
Their story began with love in elementary school, leading to marriage, closely followed by Nathan’s departure to Army boot camp. The challenges of deployment led to Nathan leaving the military and sparked their entry into entrepreneurship and network marketing.
“While in training, we were apart for nine months. The weekend before my first deployment, we were introduced to network marketing. We caught the vision of what we wanted to do with the rest of our lives.”
The couple spent the next four years building their initial network marketing business, facing financial challenges but gaining invaluable skills and a strong foundation.
Realizing the limitations of their venture, they transitioned to the insurance industry, only to find that the demands on their time did not align with their vision for a more balanced and family-oriented life.
“Working constantly, we desired something more residual that allowed more time with our family.
In 2021, we pivoted, started our own Residential & Commercial Cleaning Company, and bought into a Payment Processing Franchise.
We experienced freedom in ways we never had before.”
Yet, their dream for network marketing persisted, and with

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Earn.World 2023 Revenue Up 100% To $200 Million

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Earn.World has achieved a stunning milestone by surpassing the $200 million mark, establishing itself as a formidable player in the global Network Marketing industry.
Earn.World, under the leadership of CEO Suki Chen, keeps breaking all milestones and building wealth around its affiliates.
With a reported revenue of $100 million in 2022 and over $200 million in 2023, Earn.World has shattered expectations in just a year and a half since its inception. This achievement solidifies its position as the highest-payout network marketing company in 2023.
Earn.World’s journey to this historic milestone has been nothing short of extraordinary. From its humble beginnings, the company has steadily climbed the ranks, showcasing resilience and innovation. The unique strategies employed by Earn.World have not only positioned it as a dynamic force in the industry but have also captured the attention of industry experts and investors alike.
To celebrate this extraordinary journey to the top, Earn.World hosted a dazzling 4-day Ignite Turkey event in Istanbul from February 1st to February 4th.
The event was a major success, with top leaders from around the world actively participating and sharing their commitment and excitement. The massive event showcased exciting activities such as gala dinner, mega launch, city tour, boat trip, and entertainment.

During those

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Gold Legacy Leader Tonya Williams Discovers The Path to Being Debt-Free with BeyondSlim

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Before joining Beyond Slim®, Tonya Williams found herself in dire circumstances. She was flat-broke, relying on just food stamps to survive.
Unable to pay for utilities, her home lacked running water, forcing her husband to make treks to a nearby creek just to fetch water for their basic needs.
It was in the midst of this desperate situation that Tonya made a life-changing decision – she was determined to create a better future for her four beautiful daughters.
“I was just a small-town girl who was told in high school that I would never succeed. But God put it in my heart to go after something so crazy that I never stopped.
I wanted my children to know that hard work pays off and no matter what anyone tells you, YOU CAN WIN!”
When Tonya discovered Beyond Slim®, a profound feeling of hope and possibility stirred within her. This opportunity felt like the one she had been waiting for, the chance to turn her life around.
Deepening her belief in this venture were conversations with Beyond Slim CEO Ray Faltinsky and Vice President of Sales Rachel Kellogg, who left no doubt in Tonya’s mind that there was no turning back.
“I had been

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QuiAri Welcomes New General Manager For South Korea, Richard Park

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The anti-aging market is growing quickly. Economists have predicted the global market to reach US $121.4 billion by 2032. Nobody knows these statistics better than Richard Park, QuiAri’s new General Manager for South Korea.
He has over 28 years of combined experience at multiple, multi-billion-dollar health, beauty, and nutrition companies with products designed to help people look and feel younger.
He recently joined QuiAri after learning about QuiAri’s breakthrough products. Scientists have discovered proof that the ingredients in QuiAri products can help people turn back the clock, and Richard wants to help get them into the hands of as many people as possible. 
“I was impressed to see QuiAri launch in South Korea with products featuring Maqui, the world’s new #1 anti-aging superfruit. I’ve been in the MLM Industry for decades at large global companies focused on anti-aging through lotions, creams, juices, pills, and more.
QuiAri’s products are cutting-edge – I’ve never seen any product with the robust benefits of QuiAri Shake, Energy, and Prime. I was eager to join QuiAri because I’ve spent my entire career trying to help people live happier lives by looking and feeling their best.
When there is scientific data that supports the extraordinary benefits of

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JIFU Appoints Kamal Thota As CTO

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Experienced IT executive and Network Marketing Leader, Kamal Thota, joins JIFU to drive digital transformations and business growth
JIFU, a leader in the network marketing industry, proudly announces the appointment of Kamal Thota as its Chief Technology Officer. Kamal is an accomplished IT executive with a remarkable background in network marketing and extensive experience driving digital transformations for companies such as:

LifeVantage
World Ventures
Nature’s Sunshine
Stampin’ Up
Monat

With a focus on empowering affiliates, Kamal has successfully implemented user-friendly tools that facilitate seamless business growth.
His passion for steering organizational development through a digital lens is evident in his over 23 years of experience leading teams in delivering secure and compliant digital products. Kamal possesses a versatile skill set, specializing in modernizing IT systems across various platforms, including web, app, artificial intelligence, cloud technologies, and infrastructure.
JIFU CEO Brad Boyle, said

“We are excited for Kamal and his decision to join JIFU. JIFU is focused on becoming the leading technology company in the network marketing space, and Kamal’s experience will accelerate that vision.”

Holder of both a bachelor’s and master’s degree in Computer Science, Kamal’s dedication and expertise have garnered him numerous awards, earning him national recognition as one of the Top 50 Tech Leaders in the United States. In

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APLGO Kicks Off the Year with Exclusive Event

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APLGO kicked off the year with its main event, GOLDEN PEOPLE, a private party celebrating the birthday of APLGO’s President and Founder, Sergey Kulikov.
Attendance was by personal invitation only. The selected leaders invited to the event were automatically inducted into the Presidential Club and received a gold pin with the ‘SK’ logo and a diamond as a sign of the President’s personal recognition and respect.
Traditionally, the President invites only 30 guests to the event which features exclusive trips to amazing destinations with top-quality hotels and exquisite dinners. These are incredible tours that most people can only dream of. It is an opportunity to connect with the best in the MLM world and, most importantly, it offers the unique chance to get motivation from the President of the Company in an informal setting.
This year, the GOLDEN PEOPLE event was held in Vietnam, a country known for its stunning natural beauty, bustling cities, well-maintained infrastructure, modern architecture, and design.
The company leaders were treated to a dinner at a Michelin-starred restaurant, which was as exhilarating as a glass of champagne. The evening was filled with a variety of delectable dishes, live music, and warm interactions, leaving a lasting impression on the guests.
The

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Stemtech Expands Global Reach With New License Agreement In Africa

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Stemtech Corporation (OTCQB:STEK), a leading innovator in patented stem cell nutrition health products, announces a significant milestone in its global expansion strategy with the signing of a license Agreement with an established direct sales company, based in Kenya.
The Agreement, effective January 29th, 2024, grants the license to purchase, use, market, and distribute Stemtech’s cutting-edge health related products within the designated Territory(s), including Kenya, Uganda, Tanzania, Ghana, Democratic Republic of Congo and Nigeria.
This strategic move represents Stemtech’s commitment to reaching new markets and introducing its patented stem cell nutrition, skin care and oral care products to new markets. The licensing agreement includes the distribution of StemRelease3™, StemFlo Advanced®, MigraStem™, OraStem™, and Cellect One™ Rapid Renew Stem Cell Peptide Night Cream.
John W. Meyer, President & COO of Stemtech Corporation, expressed excitement about the expansion, stating,

“We believe that this partnership marks a significant opportunity for Stemtech to establish brand recognition in key African markets and contribute to the overall health and wellness of the region.
We are confident that our stem cell nutrition products will make a positive impact and contribute to the growth of the wellness industry in Africa. Distributors will benefit from additional income for the current network marketers already engaged through

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LifeVantage Q2 Revenue 2023 Down 3.8% To $51.6 Million

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LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its second fiscal quarter ended December 31, 2023.
Second Quarter Fiscal 2024 Summary*:

Revenue of $51.6 million, a decrease of 3.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, second quarter revenue was down approximately 3.4%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 10.0%. Excluding the negative impact of foreign currency fluctuations, second quarter revenue in Asia/Pacific & Europe decreased approximately 8.0%;
Net loss per diluted share was $0.05, versus net loss of $0.08 per diluted share a year ago;
Adjusted earnings per diluted share was $0.10, compared to adjusted loss per share of $0.07 a year ago; and
Adjusted EBITDA increased 289.0% to $3.1 million.
* All comparisons are on a year over year basis and compare the second quarter of fiscal 2024 to the second quarter of fiscal 2023, unless otherwise noted.

“We delivered significant year-over-year improvement in profitability during the second quarter as our LV360 initiatives continued to gain traction,”

said Steve Fife, President and Chief Executive Officer of Life Vantage.
“Adjusted EBITDA increased 289% to $3.1 million

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