Tag Archive for MLM Facts

Hot Business News Today

Medifast (Optavia) Revenue 2023 Down 32.9% To $1.1 Billion

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Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA, today reported results for the fourth quarter and full year ended December 31, 2023.
Fourth Quarter 2023

Revenue of $191.0 million, with revenue per active earning Coach of $4,648
Independent active earning OPTAVIA Coaches of 41,100
Net income of $6.0 million (non-GAAP adjusted net income of $11.9 million)
Earnings per diluted share (“EPS”) of $0.55 (non-GAAP adjusted EPS of $1.09)

Full Year 2023

Revenue of $1.1 billion
Net income of $99.4 million (non-GAAP adjusted net income of $105.2 million)
EPS of $9.10 (non-GAAP adjusted EPS of $9.64)
Cash, Cash Equivalents, and Investments of $150.0 million and no interest-bearing debt

“We are realigning our business to respond to the evolving dynamics of the weight loss industry and to aggressively execute on bold initiatives to transform our business model,”

said Dan Chard, Chairman & CEO of Medifast.

“We are broadening our customer acquisition activities significantly, launching a broad-based national marketing effort and leaning into the medically-supported weight loss market through our collaboration with LifeMD.” Chard continued,
“This remains a challenging market, and it will take time to navigate the transformational path that we are on. However, I believe that the investments we’re making in our business will broaden

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Neora Encourages People to Seize the (SELF) Love During February

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While February is usually the month dedicated to expressing love for others,Neora believes it’s also the perfect time to turn that love inward. This is why Neora is advocating the importance of self-care during the month of February.
Self-care is defined as the practice or actions that help preserve and improve your mental and physical well-being. According to research, people who practice self-care on a regular basis generally have reduced stress, anxiety and depression.  
And when it comes to self-care, doing what you love, with flexibility and choices, are number one when it comes to creating a well-balanced life.
When people choose to become a Brand Partner, the opportunities to create the life you want are just beginning. Here are three reasons why becoming a Neora Brand Partner can be a perfect confidence booster for anyone looking to create empowered entrepreneurship in their lives.   
More Personal Freedom 
Any Brand Partner will tell you that one of the main reasons for starting a Neora business is the freedom to work when and how they want. The autonomy that comes with being a Neora Brand Partner allows people to focus on improving their own lives how they see fit as well as the lives of

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CEO Michael Johnson Purchased Nearly $500,000 Worth of Herbalife Shares

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Herbalife shares lost in 5 years 85% and YTD 45%. 
Herbalife Ltd. (NYSE: HLF) a premier health and wellness company, announced today that its Chairman and CEO, Michael Johnson, purchased 61,725 Herbalife shares in transactions that closed on Friday, February 16, 2024. The shares were acquired at an average price of $8.07 per share totaling nearly $500,000.

“This personal investment in the company reflects my absolute confidence in Herbalife’s executive team, distributors, and the strength of our business model,”

said Johnson.

“For 43 years, Herbalife’s business has been undeniable. Now, bringing Stephan Gratziani, a top distributor for 32 years, in as president to work with our high impact leaders will get us even closer to the markets and to execute on aggressive topline and margin expansion initiatives – positioning us for sustainable future growth.”

The acquisition follows the company’s reporting of its fourth quarter and full-year 2023 financial results on February 14, 2024, in which the company announced it achieved year-over-year net sales growth in the fourth quarter and four consecutive quarters of improved year-over-year reported net sales trends.
About Herbalife Ltd.
Herbalife (NYSE: HLF) is a premier health and wellness company and community that has been changing people’s lives with great nutrition products and a

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QNET and Bernhard H. Mayer’s Insignia Collection Sets the Trend for 2024

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Fashion in 2024 is not just about style; it’s a movement towards sustainability, and leading the charge are global direct selling powerhouse QNET, alongside luxury Swiss watch and jewelry brand, Bernhard H. Mayer. Their latest masterpiece, the Insignia Collection, is not just fashion; it’s a statement!
The global fashion arena is buzzing with excitement as sustainability takes center stage. In a world where environmental consciousness is paramount, QNET and Bernhard H. Mayer are at the forefront of change. The Insignia Collection epitomizes luxury with a conscience, blending exquisite craftsmanship with eco-friendly materials.
Drawing inspiration from the iconic Bernhard H. Mayer crest, the Insignia Collection is a celebration of self-expression. Each piece is meticulously crafted to not only adorn but to empower. With a mix-and-match versatility that knows no bounds, wearers can showcase their individuality while championing sustainable fashion.
Trevor Kuna, Chief Transformation & Reputation Officer of QNET, affirms,
“For 26 years, QNET has championed sustainability. Our partnership with Bernhard H. Mayer is a testament to our commitment.
The Insignia Collection not only meets consumer demands but exceeds them, offering unparalleled quality and design.
The majority of our fine jewellery products primarily use recycled gold, sourced responsibly from members of the Responsible Jewellery Council

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Earn.World’s Leader Maikel Andres’ Remarkable Shift from Tragedy to Triumph

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Maikel Andres’ success story is one that exemplifies an incredible transition from tragedy to victory. 
The Earn.World’s leader is a seasoned veteran network marketer with 39 years of experience in the industry and a stellar track record in the field.
The top leader chose the network marketing industry because he loved to sell, and he knew that it was the way out of his mind at that time. This way, he was able to keep himself preoccupied with networking, helping to provide solutions to people’s problems, and improving their lifestyle. 

“I started in 1985 in Germany for a multi-insurance company. But I didn’t do it very long because that business wasn’t honest enough for me.
However, the incident that led to my disability changed my network marketing journey because I learned how to succeed in network marketing and help others succeed,”

said Maikel Andres.
Andres was involved in a conventional business which came with some problems. Living in Tenerife he was a manager in the Time Sharing Industry in the early 90s. With his business partner, they had a strong team of 150 street workers on the road.
However, the competition didn’t like that they were performing exceptionally well and decided that he needed

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iGenius Launches New XPLOREpro Product

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On February 9th, 2024 iGenius, a Triple A ranked opportunity for 2024, launched a brand new service called XPLOREpro.
The XPLOREpro travel portal offers incredible rates on hotels, resorts, rental cars, cruises, condos, weekly stays, activities, and more! With over 1 Million properties to choose from, and thousands of destinations, there is something for everyone to explore.
President of iGenius, Chad Garner, said:

“We are thrilled to be launching this game changing platform. We’ve been working on XPLOREpro for a very long time, and I know people are going to get a lot of value out of it.
Something unique about XPLOREpro is that you don’t have to be an iGenius member to purchase or sell XPLOREpro memberships, so we really believe XPLOREpro will help take our company to the next level.
We’ve already seen great excitement and growth with XPLOREpro in one week, so we’re looking forward to seeing all its success in the future.” 

XPLOREpro members get free, complimentary vacation vouchers that can be used at over 50 incredible destinations around the world.

XPLOREpro also offers free premium cruises! With over 3,000 itineraries, more than 100 ports to choose from, and no blackout dates, it’s easy to find a perfect fit and cruise

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GOVVI Celebrates Success With Inaugural Incentive Cruise To Western Caribbean

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GOVVI, the innovative e-commerce company, recently celebrated a monumental milestone with its first-ever incentive cruise to the Western Caribbean.
This remarkable journey saw 110 promoters and their families embark on an unforgettable adventure, setting sail to exotic destinations including the Bahamas, Haiti, and Jamaica.
The cruise was not just about relaxation, scenic views and five star dining on one of the largest passenger ships of the sea; it was an opportunity for GOVVI promoters to connect, learn, and celebrate their achievements.

Two exciting cruise qualifier training meetings were held onboard, empowering participants with valuable insights and strategies to further excel in their businesses as well as new and exciting announcements, including the GOVVI Convention in Salt Lake City, Utah in October 2024 and the announcement of another GOVVI Incentive Trip to Puerto, Vallarta, Mexico this coming May.

Moreover, during this memorable voyage, GOVVI launched its official philanthropic arm, GOVVI Gives, reflecting the company’s commitment to making a positive impact beyond business success. This initiative demonstrates GOVVI’s culture of giving back through meaningful experiences while changing people’s lives.
One of the most notable highlights of the cruise was the elevation of six promoters who achieved GOVVI’s highest prestigious rank of Super Star:

Sabia Elma from the Netherlands
Kenny

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Josia & Sari Tobias From Indonesia Achieve Diamond at QuiAri

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As new QuiAri Diamond Promoters, Josia and Sari Tobias from Jakarta, Indonesia, are enjoying the time and financial freedom that comes with reaching the upper ranks, but they said that it wasn’t the driving force behind their success.
Even before joining the MLM industry, they decided to commit their time and resources to bringing happiness to others. They joined QuiAri because they have seen the joy its breakthrough, anti-aging Products and industry-first 5-Minute Pay Opportunity brings to people around the world.
“Before Network Marketing and discovering QuiAri, we led a pretty simple life. We were professional photographers specializing in wedding, lifestyle, and commercial photo shoots.
We could make our own schedule, had the opportunity to travel to different locations, and the work was very rewarding, especially with weddings.
It was our job to capture a moment when people were at their most confident and looked and felt their best; however, the pay was inconsistent. If we were busy, we would get paid weekly.
When things slowed down it was monthly, or sometimes not at all. Even when we did get paid, some of our clients wanted to haggle over the price after the shoot finished and that was annoying. We joined

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Nu Skin 2023 Revenue Down 12% To $1.97 Billion

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Nu Skin Enterprises Inc. (NYSE: NUS) announced fourth quarter and full-year 2023 results slightly above its latest guidance.

“While we continue to work toward our long-term vision of becoming the world’s leading integrated beauty and wellness platform, our progress was impacted by persistent macro-economic pressures and disruptions associated with transforming our business,”

said Ryan Napierski, Nu Skin president and CEO.

“This was particularly evident with our fourth quarter results, which were down in our Americas, South Korea and Europe & Africa segments. This was offset by seasonal promotions in Mainland China, stabilization in Japan and modest growth in our Hong Kong/Taiwan segment. In addition, we achieved strong growth in our Rhyz businesses, which accounted for 13 percent of our revenue in the fourth quarter.
“We are committed to generating long-term enterprise value by repositioning our company to win in the rapidly evolving beauty and wellness industries by further transforming our core Nu Skin business and accelerating investment in our rapidly growing Rhyz ecosystem,”

continued Napierski.

“To enhance this transformation, we are reassessing our approach to capital allocation to invest in long-term growth and business evolution. This initiative aims to grant us increased financial flexibility, enabling us to effectively seize forthcoming growth opportunities.
This includes rebalancing our dividend payout ratio to be in line with or better than our industry peers.

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Top Networker Stefan Edefors Joins Zinzino

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Stefan Edefors, a top earner with more than 15 years of experience in the industry, most of them in only one company where he achieved one of the highest ranks and has built a network in Asia, Europe, USA and Latin America, has recently decided to join Zinzino.
Even though Zinzino Headquarters is just a few kilometers away from his home in Sweden, Stefan has recently discovered the new trend of Test-based Nutrition.

“It is always about timing and this is the right moment to be aligned with Zinzino’s vision on inspiring change through personalized nutrition based on not just guessing, but testing. This is my forever home and all I can say is VAMOS CON TODO!”

Stated Stefan Edefors.

“We are proud to have Stefan with us in Zinzino. His values are aligned with ours and we’ll do our outmost to provide a forever home for him and his team here. We are doing our best to attract and maintain good leaders who share our empowering, customer-centric strategy and ambition to create a holistic product experience in our global direct sales community”

Said Dag Bergheim Pettersen, CEO of Zinzino.
About Zinzino
Zinzino AB (publ.) is a global Direct Sales company that markets and sells test-based

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