Tag Archive for network marketing

Hot Business News Today

What All MLM’s Need To Take Away From The Vemma VS FTC Case

by  •  • 0 Comments

 
The results came in from Judge Tuchi regarding the Vemma hearing this week and it was met, not surprisingly, with an array of comments — mostly people misreading the information. While the ruling was far from victorious in this case, it can certainly be victorious for the network marketing industry if taken seriously. The largest component in MLM in the past has been the recruiting tactics involve in building a team, mostly met with animosity from the outside world. This was prevalent in the hearing on Tuesday when incentives, the 70/30 rule, autoship, and income claims were mentioned time and time again. 
Will companies take this seriously and overhaul their approach? If so, who will be first? Some changes the FTC would most like to see, based on their testimony is the following; 

Remove

Read more...

Hot Business News Today

A New Service Company Available To The Network Marketing Industry

by  •  • 0 Comments

 
StatesideBPO, a leader in cloud contact center and customer service solutions staffed with disabled Americans and U.S. Veterans, announced the establishment of a special business unit to service Network Marketing companies and Direct Sales organizations.

“StatesideBPO is entering the next phase of growth by targeting specific vertical markets and honing our training and processes to those industries,” says Garrett Mullins, Chief Sales and Client Officer. “The Network Marketing industry is a very demanding industry where success is often defined not just by the quality of the product, but also by the quality of the distributor and customer service.
The Network Marketing industry can be characterized by rapid growth, almost overnight in some cases, requiring the ability to handle call spikes on a rapid basis. Our virtual employee base and large number of pre-qualified

Read more...

Hot Business News Today

CenDyt IT services – Launches In The USA

by  •  • 0 Comments

 
CenDyt, based in Tenessee, USA is a new company that will utilize the real strength of direct sales, the multi level compensation system that strongly rewards for great performance, but will stay away from the known problems with the standard direct sales model.
CenDyt bridges the gap between businesses and the one thing people have on them all day long, their mobile phone.
The President and Co-Founder, Chad Manning, has 18 years of Network Marketing experience and 8 years of experience with the technology. James F McCain is CEO, Steve Howard, COO, and Paul Wells is Marketing Director.
The product/service is a Text Marketing Support System for businesses of all kinds. The company is an IT services business providing a means for businesses, small and large, to reach their customers with low cost and

Read more...

Hot Business News Today

Organo Gold Opens in Romania – Eastern Europe

by  •  • 0 Comments

 
Organo Gold, the gourmet coffee company that caters to consumer‘s active lifestyles, today announced that it will open operations in Romania effective September 7, 2015. Monica Nagy, Regional Manager for Eastern Europe, will manage the Company’s activities in the country.
“ORGANO continues to strengthen its European presence with the opening of Romania,” stated Bernardo Chua, Founder and Chief Executive Officer of Organo Gold. “Continuing our Global Footprint Initiative, Romania unifies the Company’s European and CIS operations, allowing us to better serve our Distributors and customers in this strategic region.”
“Romania has tremendous business potential for ORGANO,” added Co-Founder and Global Master Distributor Shane Morand.”Romania, one of the largest countries in the European Union, has a distinct culture and rich history that distinguishes it from its geographic neighbors. The Country’s educated workforce is demanding more

Read more...

Hot Business News Today

Mannatech Promotes Corporate Executives

by  •  • 0 Comments

 
Mannatech, Incorporated, the pioneer of nutritional glycobiology and the global innovator of naturally sourced supplements based on Real Food Technology® solutions, today announced a series of executive promotions designed to fuel the company’s continued global expansion and commitment to providing world-class support to its independent sales Associates and customers.
Under the leadership of new CEO and President, Al Bala, Joel Bikman has been promoted to the position of Senior Vice President of Sales and Marketing and Landen Fredrick has been promoted to the position of Senior Vice President of Supply Chain and IT. Additionally, Chris Simons, Regional President, will add North America to his areas of responsibility.
These promotions are a result of the company strengthening major elements of its external and internal business functions by leveraging the skills and talents of its senior

Read more...

Hot Business News Today

Donald Trump Made Millions In Network Marketing

by  •  • 0 Comments

 
The Wall Street Journal wrote an article called Donald Trump made Millions in Network Marketing: Over the past decade, Donald Trump has earned millions of dollars for extolling ACN Inc., a multilevel marketing firm that has weathered regulatory investigations in three countries. 
Mr. Trump not only endorsed ACN, he twice featured the company on his former reality TV show, “The Celebrity Apprentice.” Both episodes featured teams of entertainment figures competing to promote versions of a video phone sold by the North Carolina firm.

“I think the ACN video phone is amazing,” Mr. Trump said in an ACN news release just before a two-hour, prime time Sunday night Celebrity Apprentice episode on the product in 2011. “I simply can’t imagine anybody using this phone and not loving it.”

Even before the show aired, the ACN video phone was in

Read more...

Hot Business News Today

Adam Green And Derrick Winkel Hit $5 Million In Lifetime Earnings

by  •  • 0 Comments

 
The nearly decade long, steady-journey of two notable networkers demonstrates three things about the Direct Selling / MLM Industry: If you (1) Stay where you planted yourself (i.e. being committed to company, products and team),
(2) Be consistent with the little things and you (3) Work hard it will pay dividends.  The dynamic-duo of Derrick Winkel and Adam Paul Green (Winners Circle International) achieved three lofty goals in 2015:  Surpassing $100,000,000 in sales, pushing past the 125,000 team member point and hitting the notable $5,000,000 income mark.
About Derrick Winkel:
Some may find it hard to believe that Derrick Winkel’s successful career in Network Marking began as a bellman in a 5 star hotel in downtown Salt Lake City, Utah (1985).  As a bellman, he was able to meet many successful, international business people. 

Read more...

Hot Business News Today

Forbes: The MLM Industry Is Poised For Explosive Growth

by  •  • 0 Comments

 
Forbes.com Inc., (www.forbes.com) a leading Internet media company, is among the most trusted resources for the world’s business and investment leaders
In an recent article with the heading: “Would You Join A Multi-Level Marketing Company For Retirement Income?” Forbes author Robert Laura is very positibe about the Network Marketing Industry:
Forbes:
At some point in your life you’ve been pitched a multi-level marketing (MLM), direct selling, or network marketing business opportunity.  While the pitch varies from company to company, it basically promises a chance to ditch your 9-5 work schedule, be your own boss, and make lots of money while making new friends in the process.
It all sounds good on paper, yet there is a seemingly endless debate over whether these companies and programs are legitimate business opportunities or not, so I dug in and

Read more...

Hot Business News Today

Network Marketing On The Rise In South Korea

by  •  • 0 Comments

 
The number of multi-level marketing (MLM) firms operating in South Korea rose in the second quarter, the antitrust watchdog said Friday, as the government moves to better regulate such operators to prevent consumer damage.
According to the Fair Trade Commission (FTC), there were 132 MLMs in the country as of June 30, up seven from three months earlier. It said 11 new firms opened for business while four closed.
MLMs refer to companies where the sales personnel are not only compensated for selling products and services, but for the sales generated by the salespeople they recruit. Some companies have been discovered to exploit members and are viewed as illegal pyramid schemes.
The FTC said all new businesses signed consumer damage compensation contracts with official direct-selling mutual aid cooperatives. The agreements bind MLMs to conform to

Read more...

Hot Business News Today

Where The FTC Went Right — And Where It Went Wrong

by  •  • 0 Comments

 
If Amway could make it out of the problems they had and come out the strongest network marketing company in the world, there’s a strong chance that Vemma can make it out of this as well — and probably better for it. 
Whether you agree with the FTC or not about their reasons, it’s still an organization Americans need to understand and respect if they want to stay off the FTC radar. 
The recent allegations against Vemma by the FTC are strong, to say the least. But what isn’t strong, is network marketing’s response to it. True to fashion, the response has been a retalliation against the allegations, disregarding the accusations. It is doubtful that most network marketers have read the details of the report. 
In a nutshell, Vemma is in trouble because some time

Read more...