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
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DubLi To File Law Suit Against Matt Trainer
by Ted Nuyten • • 0 Comments
Business For Home has received the following statement from Dubli Corporate:
Official DubLi Statement Regarding Matt Trainer Video:
As a company, DubLi will respond in the best interest of its shareholders, Business Associates, customers and employees to protect and preserve its reputation against unmitigated attacks. Fictitious stories concerning DubLi’s business model or its management team will be challenged.
As such, DubLi will be filing suit against Matt Trainer in response to his fabrications put forward in a video last week.
In keeping with its status as a public company under U.S. Securities and Exchange Commission guidelines, DubLi has a strict corporate policy against commenting on or forecasting conversion rates or any other financial benchmark.
The company has never, not to Mr. Trainer or anyone else, made any statements as to expected conversion rates. Nor has the company mentioned how DubLi may or may not convert in Mr. Trainer’s personal marketing system that he has attempted to sell
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Trévo Continues To Growth Worldwide
by Ted Nuyten • • 0 Comments
It’s been a busy summer for Trévo, as the company is just weeks removed from grand opening events in several new countries as well as the launch of a completely new system, including a brand new corporate website, new personal sites, and a new back office system.
TRÉVO’S Founders are Mark and Holli Stevens who have a proven track record of over 16 years as owners of a successful network marketing company. Mark and Holli have also been on the “other side of the table” as independent representatives, building organizations with tens of thousands of members.
This dynamic duo also possess nearly four decades of combined business ownership expertise.
The company also rolled out new features for Trévo Builder, a personal online system designed to help their Life and Health Coaches grow and operate
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Top Member Of Herbalife’s Legal Team Leaves Company
by Tina Williams • • 0 Comments
The NY Post reports: A top member of Herbalife’s legal team has left the building.
Jim Berklas, who was the associate general counsel and chief compliance officer of the Los Angeles company, on Monday joined the Barnes Group, a Connecticut aviation company.
Berklas spent seven years with the diet shake seller that activist Bill Ackman has bet $1 billion is a pyramid scheme.
Herbalife has vehemently denied the accusation.
The exit of Berklas comes less then three months after Herbalife disclosed a criminal probe into its business practices and said a number of top executives and distributors have been subpoenaed by the Department of Justice.
At least one of those distributors, a veteran member of its 60-person “Chairman’s Club,” has become a whistleblower with law enforcement, The Post has learned.
Berklas is the first senior exec to leave Herbalife
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Amway Makes Major Social-Media Push
by Tina Williams • • 0 Comments
Amway Corp., a U.S.-based direct-selling company, has announced plans to expand into China’s online retail sector, as the world’s largest direct selling company in terms of sales seeks better options to increase its revenues and lure younger customers in the country, the China Daily reported.
The $10.8-billion direct-selling company made the announcement about digital strategy on Aug. 2 in Guangzhou, Guangdong Province. The company also expressed willingness to launch an online social networking platform and mobile applications, as a move to go beyond its existing offline direct-selling market.
According to the report, the company’s sales representatives can purchase products through the social networking platforms and the company will be responsible for delivering the goods to their consumers.
Frances Yu, the company’s chief marketing officer, said that the online method has been tested by the company
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Avon Looks To IT To Help Continue Improvement
by Tina Williams • • 0 Comments
The Wall Street Journal reports: Cosmetics giant Avon Products Inc. continues to attempt a turnaround amid falling sales and difficulty retaining its signature door-to-door representatives. Behind the scenes, Avon’s IT department is working to modernize the company’s IT architecture to usher the business into the digital age, says CIO Sue Liddie.
Today, Avon is embracing smaller regional implementations over global rollouts.
“We need to architect solutions fit for purpose, sensitive to and agile enough to respond to each of those groups,” Ms. Liddie said during an interview in June. Avon’s IT infrastructure should be built so individual markets can tweak technology when needed without disrupting the entire stack, she added.
Ms. Liddie says she hopes a more loosely coupled architecture will give Avon the agility to adapt quickly to individual market demands and expand online and
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Herbalife Q2 Revenue Down 11% To $1.2 Billion
by Ted Nuyten • • 0 Comments
Herbalife Ltd. (NYSE: HLF) reported second quarter net sales of $1.2 billion. Local currency net sales grew by 1%, while reported net sales declined 11% primarily due to the continuing unfavorable impact of currency exchange rates.
Adjusted1 earnings for the quarter were $1.24 per diluted share compared to $1.55 per diluted share for the same period in 2014.
On a reported basis, second quarter net income was $82.8 million, or $0.97 per diluted share, compared to $119.5 million, or $1.31 per diluted share for the same period in 2014. Second quarter 2015 diluted EPS was negatively impacted by a $0.412 currency fluctuation.
For the quarter ended June 30, 2015, the company generated $197.6 million in net operating cash flow, and invested $16.2 million in capital expenditures.
The company is raising its adjusted diluted EPS
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Beautycounter Reaches 9500 Distributors In US
by Ramya Chandrasekaran • • 0 Comments
Serial entrepreneur and founder of cosmetics direct selling company Beautycounter, Gregg Renfrew speaks about being a serial entrepreneur and her passion for developing safe and natural beauty products for women and families.
At 19, Renfrew went out to Nantucket and set up a cleaning service to make money, and left the island with thousands. She developed another company and ended up selling it to Martha Stewart. Her current company Beautycounter recently surpassed 1 million units in sales.
Renfrew, is a kind of guru for women. They are listening to what she has to say and are following her in her latest venture centered around cosmetics.
After graduating from college, she went to work for Xerox Corporation.
“I knew they had the best sales training program and I really wanted to learn how to sell. That was the
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Medifast Q2 Revenues Down 3% to 72.2 Million
by Ramya Chandrasekaran • • 0 Comments
Medifast, Inc. a leading United States manufacturer and provider of clinically proven weight-loss and healthy living products and programs, today reported financial results for the second quarter ended June 30, 2015.
“We are pleased with our solid results in the second quarter which were in-line with our revenue and earnings expectations,” said Michael C. MacDonald, Medifast Chairman and Chief Executive Officer. “We continued to make progress on our strategic initiatives within each of our key areas of focus, while also maintaining a strong financial discipline across our business. We believe that these efforts will help grow and improve Take Shape for Life, optimize Medifast Direct, and further our product and program innovation to position Medifast for success in 2015 and beyond.”
For the second quarter, Medifast net revenue from continuing operations decreased 3% to
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Women Form 58.3% Of Indian Direct Selling Industry
by Ramya Chandrasekaran • • 0 Comments
While door-to-door selling is a common phenomenon is many localities, the numbers have increased indicating a rise in its potential, especially for women in India. Direct Selling provides accessible business opportunities to people looking for alternative sources of income, and whose entry is generally not restricted by gender, age, education, or previous experience.
According to the Annual Survey Report of the Indian Direct Selling industry, women contribute almost 58.3 per cent in 2013-14.
“Women form a significant chunk of direct sellers, and from a current 2,551,189 women, their numbers is expected to grow at eight per cent making a whopping 55,07,820 self-employed women by 2025,” informs Chavi Hemanth, secretary general, Indian Direct Selling Association (IDSA).
The IDSA which is an autonomous, self-regulatory body recognises the marketing approach as micro-entrepreneurship that can inspire many small