Is downtown-based Herbalife Nutrition Ltd. losing some of its mojo?
Maybe. Herbalife stock started sliding in February after its year-end earnings report and has lost nearly half of its value since then, substantially outpacing the overall drop in the markets.
Not helping was a first-quarter earnings report that was weak compared to 2021, with revenue down 11% to $1.33 billion and net income down about 33% to $98 million.
Herbalife sells a range of nutrition products using a network of more than 6 million distributors – which it calls members – in 95 countries. The products are for a variety of uses, including weight management, fitness, nutritional supplements and skin/body care.
In its earnings report issued on May 3, Herbalife attributed some of the sales slowdown to its newest group of distributors.
Herbalife Chief Executive John Agwunobi provided some additional insight in the teleconference call following the earnings release.
“Most of the distributors that joined Herbalife during the pandemic have never been to an in-person event, and there is no substitute for gathering in person for learning, collaborating and motivating,” he said.
Toward the end of the first quarter, Herbalife began reinstituting in-person distributor events.
“The interactive discussions, the face-to-face team building and the social elements that are
Tag Archive for Newsletter
Hot Business News Today
Top Leader Seth Remis Joins DreamTrips International
by Team Business For Home • • 0 Comments
For more than two decades, Seth Remis helped direct selling entrepreneurs and the companies they represent achieve their goals by selling products.
His first foray into networking was selling legal plans. He built a reputation as a well-known educator/trainer in the Los Angeles market, where his weekly sessions consistently attracted 400-700 company representatives.
Throughout his career, Seth Remis has been a top earner and started five teams that have done millions of dollars in business, and even served as CEO of his own Beverly Hills company where he employed 50 people.
But Remis’s forte is helping companies and entrepreneurs learn how to build with strategy on social media. For companies with tangible products, habitual scrolling can be a detriment. But Remis thinks he has the answer to recapturing consumer attention with a product like travel.
“It’s very difficult nowadays to compete with Amazon and with DreamTrips, you don’t have to. Right now, posting on social media about travel works ten times better than products.
I’ve already seen so many people on our team sign up dozens of people because they utilize social media in a smart efficient way,”
Remis says.
More than ever, people want to travel the world, create memories and have more fun
Hot Business News Today
ByDzyne’s María Alejandra From Colombia Achieves 1-Star President
by Nicole Dunkley • • 0 Comments
Producing breakout stars is becoming synonymous with the Latin American region, as ByDzyne is welcoming yet another 1-Star President to its leadership hub in Colombian entrepreneur María Alejandra.
* A President generates over $200,000 in sales revenue during a half-a-month span.
María, a 31-year-old businesswoman with extensive experience as a lawyer in commercial law, once competed amongst thousands for an invaluable position with the Colombian government and ultimately secured a job.
While her career was theoretically set from that point on, the idea of being a slave to the clock and having limited vacation time simply terrified her.
She knew she needed a new game plan. She knew there was something better out there. She knew her life could be different. And then, one fortunate day, it just was.
“My life has been completely transformed since I started in ByDzyne. It’s been a new level of learning, a change of mentality, real guidance from mentors, and I have met wonderful people every day.
I feel very honored and grateful for everything this company has contributed to my personal, family, and financial growth,”
expressed a thankful María.
While she came aboard without any network marketing experience, the new 1-Star President has seen firsthand the potential of that
Hot Business News Today
La Colombiana María Alejandra, De ByDzyne, Alcanza Presidente 1-estrella
by Nicole Dunkley • • 0 Comments
La producción de estrellas de primera línea se está convirtiendo en un sinónimo de la región latinoamericana, ya que ByDzyne da la bienvenida a su centro de liderazgo a otro presidente 1-estrella, la empresaria colombiana María Alejandra.
* Un Presidente genera más de 200.000 dólares en facturación durante un periodo de medio mes.
María, una empresaria de 31 años con amplia experiencia como abogada en derecho mercantil, compitió entre miles de personas por un valioso puesto en el gobierno colombiano y finalmente consiguió un puesto.
Aunque su carrera estaba teóricamente hecha a partir de ese momento, la idea de ser una esclava del reloj y tener un tiempo de vacaciones limitado simplemente la aterrorizaba.
Sabía que necesitaba un nuevo plan de juego. Sabía que había algo mejor ahí fuera. Sabía que su vida podía ser diferente. Y entonces, un afortunado día, lo fue.
“Mi vida se ha transformado completamente desde que empecé en ByDzyne. Ha sido un nuevo nivel de aprendizaje, un cambio de mentalidad, una verdadera orientación por parte de los mentores, y he conocido a gente maravillosa cada día.
Me siento muy honrada y agradecida por todo lo que esta empresa ha aportado a mi crecimiento personal, familiar y financiero”,
expresó una agradecida
Hot Business News Today
Top Leader, Anderson Chester From Trinidad & Tobago, Joins QuiAri
by Nicole Dunkley • • 0 Comments
People usually discover the Direct Sales Industry through a family member or friend that has joined and is looking to build a Team.
For QuiAri Promoter, Anderson Chester from Trinidad and Tobago, things played out a little differently. He happened to knock on the right door and his entire future changed.
“It’s been 17 years, but I still remember it like it was yesterday. I had a car detailing business that was failing. I needed money, so I got a job as a Door-To-Door Salesperson.
I was supposed to be the one doing the selling. Instead, a Customer sold me on Network Marketing.
Once I learned about the massive earning potential, I quit my job the very next day, That Customer was Dr. Wayne Dellamore, and we’re still good friends. In fact, he works with me at QuiAri,”
stated Shooting Star Promoter, Anderson Chester.
Joining the Direct Sales industry was a defining moment for Anderson. His success has been frequently recognized throughout his Direct Sales career in the industry’s most respected publications, including Business For Home.
He first discovered QuiAri through a Business For Home article and was excited by their innovative thinking and revolutionary approach to global expansion.
“I thought to myself,
Hot Business News Today
Top Leader Edwin Haynes Launches Axxces
by Team Business For Home • • 0 Comments
Axxces, a membership-powered company with focus on a robust “earn as you learn” model for modern trading of forex and crypto currency. Uniquely positioned for member participation in the world of NFT’s, WEB3, the Metaverse and Play to Earn Gaming.
The CEO of the company, Edwin Haynes, said:
“Our community will be on the cutting edge of technology and provide you with unique opportunities to achieve your desired levels of success. What we offer is:
FOREX and CRYPTO Education
Trade Ideas
Blockchain
Artificial Intelligence
Topics to gain hands-on experience
Our ecosystem will consist of a powerful learning opportunity, comprehensive trading system, and access to the Metaverse and NFTs.”
Axxces is looking to provide an exclusive learning platform to individuals for their personal and financial growth. The company wants to enhance modern technology skillset to educate its members. This newly launching company is aiming for a robust system with various trading tools.
Axxces aims to provide a modern platform for its members to learn in-demand trading tools. The company is scheduled for full launch the first week of August 2022.
The company is positioning itself to create an environment that will empower people around the world to earn and create the flexibility of lifestyle. This will help them excel through the
Hot Business News Today
Crypto Scammer Bruce Brise Sentenced To 50 Months
by Team Business For Home • • 0 Comments
Founders of Crypto ICO Sentenced to Combined 8 Years in Prison for Tax Evasion After Raising $24 Million from Investors.
The owners of a cryptocurrency company have been sentenced to a combined 8 years in federal prison for tax evasion, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham.
Bitqyck founders Bruce Bise, 61, and Samuel Mendez, 65, were charged with tax evasion in August 2021.
Mr. Bise pleaded guilty on Sept. 9, 2021 and was sentenced on March 7, 2022 to 50 months in federal prison;
Mr. Mendez pleaded guilty on October 12, 2021 and was sentenced this afternoon to 50 months in prison. U.S. District Judge Jane J. Boyle ordered the men jointly and severally liable for $1.6 million apiece.
According to plea papers, Mr. Bise and Mr. Mendez admitted that Bitqyck raised approximately $24 million from more than 13,000 investors.
Instead of fulfilling their promises to these investors, the defendants used Bitqyck funds on personal expenses, including casino trips, cars, luxury home furnishings, art, and rent.
“Crypto actors are required to pay their fair share of taxes, just like everyone else,” said U.S. Attorney Chad Meacham.
“Not only did these defendants shirk their tax obligations, they lied to investors and made
Hot Business News Today
Daniela Botero From Colombia Achieves Black Diamond Rank At OmegaPro
by Team Business For Home • • 0 Comments
Daniela Botero is a young Colombian entrepreneur with a groundbreaking vision: she is very focused on creating tools for women who want to think “outside the box” and position themselves in business.
In fact, Daniela likes to define herself as a “woman who empowers women.”
Daniela has been known for breaking the paradigms of the traditional Colombian family:
“The key is to put the goals of your partners above yours, to work to help them fulfill their dreams, and, as a result, obviously your goals will also be fulfilled.“
When I wanted to get out of the normal standards, many people did not believe in me, they told me that I was crazy and that I was not going to make it. But I was always clear that with hard work I was going to fulfill my goal of becoming the millionaire sheep of the family and I am doing it, I am on a very good path”.
At only 24 years old, she is the founder of one of the most important female entrepreneurship movements in the country, called FEMME BOSS, which grows stronger every day.
“My passion has always been female empowerment, that’s why FEMME BOSS believes: a women’s movement where, day by day,
Hot Business News Today
Top Industry Leader, Milagros Herrera, Joins QuiAri
by Nicole Dunkley • • 0 Comments
QuiAri Promoter, Milagros Herrera who is originally from Peru, believes wholeheartedly that personal success in Network Marketing comes from following the actions of successful people.
She has been living in Spain for the past 25 years and has recently joined QuiAri.
“I jumped into Network Marketing a long time ago and had no clue how to grow my business. I looked to see what some of the biggest industry leaders were doing to grow their businesses.
I was most impressed with Bob Reina, who is QuiAri’s Founder & CEO. Like most of us, he had a typical 9-to-5 job and wanted to earn extra income so he joined an MLM company.
Now he’s one of the most successful owners in the industry. That’s my ultimate dream as a QuiAri Promoter – to learn from Bob and follow in his footsteps,”
stated QuiAri Promoter, Milagros Herrera.
Milagros recently joined QuiAri after attending a meeting hosted by Champion Promoter, Walter Suarez in Spain. After getting to know Walter and learning about the Products and Opportunity, she was excited to get started.
“QuiAri was everything Walter promised and more. The Products include breakthrough ingredients, the Opportunity has one of the highest payouts I’ve ever seen, and
Hot Business News Today
ByDzyne Launches ByDzyne Cares, Highly-Anticipated Charitable Initiative
by Nicole Dunkley • • 0 Comments
For an organization whose DNA is saturated in innovation, impact, and ingenuity, ByDzyne added arguably its most impactful project at the company’s first-ever convention in Ecuador last week, with the unveiling of ByDzyne Cares, a charitable program with the simple aim to give back and make a difference.
That difference, for ByDzyne’s executive team, is in the simple hope and power of changing a life.
“When ByDzyne was first launched in 2019, our heartbeat has always been about giving back.
We believe that no individual should be held back by a lack of means and with the launch of ByDzyne Cares, we hope that people all around the world will have a chance to change their story,”
expressed Nattarin and Chanida Puranaputra, ByDzyne’s Chairman and Chairwoman.
While the program intends to continually collaborate with new initiatives and causes from around the world, ByDzyne Cares has initially partnered with the Reina de Quito foundation in Ecuador, a non-profit organization started by former Queens of Quito (pageant winners) that has served the underprivileged in the Metropolitan District of Quito.
The foundation currently runs numerous social assistance programs for people with disabilities, children, youth, women, and unprotected older adults, including the management of their Therapeutic Center, a