Asian Direct Selling Company, QNET has received the CaseTrust Accreditation certificate under a scheme of joint accreditation between the Consumers Association of Singapore (CASE) and Direct Selling Association of Singapore (DSAS).
This milestone accreditation marks QNET’s strict compliance with good business practices.
The accreditation scheme for direct selling businesses was launched in Singapore last Thursday where 13 other direct selling companies also received their accreditation certificates from Mr Lim Biow Chuan, President, Consumers Association of Singapore and Member of Parliament for Mountbatten SMC.
QNET’s Director of Corporate Affairs, Mr. Zaheer Merchant said consumers now have been given greater assurance especially with the oversight and independence in the processes and review which led up to the issuance of all certificates.
“Our commitment to Case and the DSAS sends a strong signal to consumers. QNET supported the establishment of this accreditation scheme with absolute commitment towards its stand for good and proper business practices within the industry,” added Zaheer.
Companies under the scheme have to give consumers a cooling-off period of seven working days, during which they can seek full refund of any payment without being penalized, produce an order form at the time of sale that clearly states the direct seller’s contact details, and put in place
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ViSalus Offers Shares – Equity To Distributors
by Ted Nuyten • • 0 Comments
The ViSalus Co-Founders, Ryan Blair, Blake Mallen and Nick Sarnicola, have often maintained that “equity” is the most valuable asset one can have in business. Starting in 2015 they made 6% of the shares available for distributors.
According to the ViSalus website:
“Beginning in 2015, the year we celebrate our 10th year, leading Promoters will have an opportunity to earn from a special Founders’ Equity Incentive Plan and share in the company’s future success together.
The Founders Equity Incentive Plan provides Promoters with an ownership opportunity equivalent to 6% of the company, awarded over 2 years (3% allocated in 2015, and 3% allocated in 2016).
The Plan is shared among 4 Equity Groups, based on your Paid Rank each month.
This is a once in a lifetime chance to own your legacy and create something truly great – not only for today, but for your future. By personally reaching and maintaining leadership ranks of National Director and above, then helping your personally enrolled team do the same, you’ll earn equity in the plan and be able to proudly call yourself a Vi Equity Holder”.
Nick Sarnicola Explains The Future of Vi for 2015
//www.youtube.com/watch?v=IaotbajeARI
The Founders Equity Incentive Plan provides Promoters with an ownership opportunity equivalent to
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MLS Names Advocare As New Official Sports Nutrition Partner
by Tina Williams • • 0 Comments
AdvoCare International, LP (AdvoCare), a premier health and wellness company, today announced a multiyear partnership with Major League Soccer (MLS) to be the league’s Official Sports Nutrition Partner.
This new relationship is the largest sports partnership and the first League partnership for AdvoCare, as the company further establishes itself as a leader in the Sports Nutrition space.
The sponsorship is effective beginning the 2015 MLS season and extends through the 2019 season. As part of the agreement, AdvoCare Rehydrate will be the Official Sports Drink of Major League Soccer and will be featured on the sidelines of MLS games. Part of the AdvoCare Active Line, Rehydrate provides the necessary nutrients to maintain proper metabolism, delay the onset of fatigue, and hydrate the body by re-establishing electrolyte balance.
“We are proud to be the official sports nutrition partner of Major League Soccer,” said Richard Wright, President and Chief Executive Officer of AdvoCare. “This is an incredible opportunity to share the AdvoCare vision of physical wellness with dedicated soccer fans across the nation. Soccer is a rapidly growing sport in North America and our partnership with MLS makes perfect sense as we continue to grow together.”
In the coming weeks, AdvoCare will be announcing individual MLS club partnerships that will integrate
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Singapore Launches An Accreditation Organization For Direct-Selling Companies
by Tina Williams • • 0 Comments
The Consumers Association of Singapore (CASE) and the Direct Selling Association of Singapore (DSAS) on Thursday (Jan 8) announced the launch of their joint accreditation scheme, and more than 10 direct selling businesses have already been accredited.
Direct selling is a practice in which products are sold from no fixed location.
With the launch of the CaseTrust-DSAS Joint Accreditation Scheme, consumers can expect the following:
A cooling off period of seven working days (excluding Saturdays, Sundays and Public Holidays), during which consumers may seek full refund of payment made
An order form at the time of sale, with clear and accurate contact details of the direct seller
A well-defined complaint mechanism put in place by the business to address disputes
Besides these, accredited businesses are governed by DSAS’ Code of Ethics, which ensures all direct sellers within their distribution system practice responsible and ethical selling, the press release stated.
Companies must also comply with regulations that regular businesses are bound by, such as the Lemon Law, and detail the terms and conditions of any warranties and/or guarantees clearly.
These terms are on top of DSAS membership criteria, which require companies to at least be registered for a year with the Accounting and Corporate Regulatory Authority, undergo a six-month
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Synergy WorldWide Announces New CEO
by Tina Williams • • 0 Comments
In a letter to their distributors online, Synergy WorldWide announced the appointment of their new CEO:
On December 15th, Nature’s Sunshine Products announced an internal reorganization of the company with the objective of intensifying the focus of key resources on the major growth opportunities that exist in the years ahead.
As part of this reorganization, Wynne Roberts has been appointed Chief Executive Officer of Synergy Worldwide, with responsibility for the Synergy Worldwide business as well as NSP’s business in Russia, Central, and Eastern Europe. For Synergy, Dan Norman will continue his good work as President of Synergy Worldwide.
Why make this change?
It’s all about accelerating growth and realizing our full potential.
Over the last several years, Synergy WorldWide has doubled its revenues, expanded profits across the world, and brought together talented people who have created an enviable culture of teamwork and support among the corporate team and Team Members alike. And the amazing fact is that everyone involved with Synergy believes it has only “scratched the surface” of the potential that is possible.
Looking forward, Synergy will continue operating in 29 markets across Asia, Europe, and North America, with scope to drive substantial growth through penetration in these markets and expand into new countries. This
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ARIIX Surpasses $3 Million Per Week
by Tina Williams • • 0 Comments
ARIIX is setting the pace. In only three years since its founding, ARIIX is making waves in the network marketing industry by establishing an explosive rate of growth, reaching $1 million per week in year one and $2 million per week in its second year. In its first week of 2015, ARIIX surpassed the $3 million per week landmark.
And there are no signs of slowing. According to the coveted Direct Selling Association 2013 Top 100 performing global company list, based on current sales, ARIIX is now in the top 100 and set to break into the top 50 within the next two years, making ARIIX one of the fastest-growing companies in history.
Just in the last year alone, ARIIX posted a staggering year-over-year growth rate that nearly doubled sales (93.9%). This was led by Japan, which grew at 150%, followed by Taiwan at 125%. The US, Canada and the Netherlands all posted significant growth rates at more than 45% each.
ARIIX President Mark Wilson credited ARIIX Representatives globally, saying, “We are proud to create premier stand-alone brands that provide products that our customers love. We compensate our Representatives better than anyone, and back them up with the most secure working contract in
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Big Plans For Herbalife: Opening $100 Million Plant And Planned Counter Attack Against Ackman
by Tina Williams • • 0 Comments
ValueWalk reported:
Fox Business Network’s (FBN) Charles Gasparino reports Herbalife Ltd. (NYSE:HLF) is planning a counter attack on Pershing Square Capital CEO Bill Ackman, following the cancellation of a meeting with Herbalife by Ackman. Gasparino reports, “people inside Herbalife are telling me that it could be legal,” possibly “a lawsuit about stock manipulation.”
On Herbalife planning a counter attack against Bill Ackman:
“They are planning some sort of counter attack. People inside Herbalife are telling me that it could be legal, clearly like a lawsuit about stock manipulation or something else. What they are saying is they are clearly going to do an attack.”
In other news:
Herbalife Ltd. will officially unveil its $100 million manufacturing facility in Winston-Salem on Jan. 16, showing off the plant to the media and local elected officials.
The nutrition products company (NYSE: HLF) will hold an invitation-only grand opening of its 800,000-square-foot “Winston-Salem Manufacturing and Innovation Facility.” Herbalife COO Rich Goudis, will attend, and Winston-Salem Mayor Allen Joines and Forsyth County Board of Commissioners Chairman David Plyler are expected to be there, too.
Herbalife officials said the facility currently employs about 350 and is expected to employ more than 500 by the end of the year.
The plant at 3200 Temple School Road is located at the former site of Dell Inc. Local
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Dubli Has Paid $1 Million Sign Up Bonus For A Top Leader
by Ted Nuyten • • 0 Comments
According to well informed sources, Dubli has paid $1 million sign up bonus in cash or shares for a top leader.
It brings up the insider discussion whether or not this is ethical, as team members of that paid leader will most likely not get the same deal.
Kevin Thompson, the MLM attorney stated on his Facebook page:
“I have been dancing around this issue for 4 months. I felt like openly talking about it would somehow get me into trouble for ruining a fun party.
But enough is enough, and here’s the truth: the practice of providing people with extra incentives ON TOP OF THE PAY PLAN without disclosure…it’s fraud.
And it needs to stop. It’s created a recruiting frenzy devoid of honor.
As it turns out, the majority of network marketing companies refuse to cut these sorts of deals”.
Kevin Thompson
//www.youtube.com/watch?v=D1vAwqTewAs
Robert Blackman a MLM professional stated:
I guess when the NFL, MLB, NBA and NHL pays a signing bonus to a player it ruins the integrity of the game? SMH. I guess when Merrill Lynch and Citibank and Chase give a signing bonus or pay on extra performance it ruins it for everyone? My local car dealer pays the guy who sells the most cars
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PartyLite Candles Expands Into Turkey
by Tina Williams • • 0 Comments
PartyLite is excited that its products will now be available in Turkey. PartyLite is the world’s number one party plan company selling candles, candle holders, flameless fragrance and wax warmers, as well as holiday and home décor, predominately through independent business entrepreneurs.
PartyLite reached an agreement in October with Istanbul-based which will have exclusive distribution rights to sell a variety of PartyLite products in Turkey. The opening of the Turkish market means that PartyLite products are now available in 18 countries across the European continent.
Martin Köhler, President of PartyLite Europe, and Luca Pozzoli, PartyLite group general manager for Switzerland and Emerging Markets, greeted more than 150 independent entrepreneurs at a festive opening event held by the distributor in December. Approximately 500 starter kits have already been ordered for 2015 by the distributor.
The distribution company was founded by two enterprising women, Elçin Birben and Hürcan Haydar, who both have several years of experience in direct selling. “We are a young company with a goal to play a vital role in the Turkish direct selling industry,” explained Elçin Birben.
Luca Pozzoli, who also serves as PartyLite Vice President of Market Development, said, “Elçin and Hürcan are very ambitious individuals, and we have no doubt that they are capable of growing
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Avon’s Downtrend Continues And Hits 52 Week Low
by Tina Williams • • 0 Comments
Share price of Avon Products Inc. has been witnessing a downtrend for about over a year as the company has lost its luster due to continuous loss of active representatives, declining volume, unfavorable foreign currency translations and reduced margins in mature markets like North America. Consequently, shares of this New York-based global beauty company hit a new 52-week low of $8.54 yesterday, before closing trade at $8.61. Moreover, the stock has tumbled about 49.6% year over year.
The aforementioned factors have led Avon to produce distressed operating results over the past few quarters. Further, weakness in the emerging markets as well as regulatory and cash flow issues risking dividend are the other negatives.
Additionally, over the last four years, Avon has witnessed a declining revenue trend in North America, especially in the U.S., mainly due to a decrease in active representatives, partly offset by large average order. Total revenue from this region has declined considerably from about $2,293.4 million in 2009 to nearly $1,458.2 million in 2013. Further, revenues from this region have also declined so far in fiscal 2014, reporting an 8% fall in the third quarter. The company’s management is concerned about the decline in revenues and has been constantly striving to