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LR Group 2021 Sales Up 4% To $310 Million

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Group sales in 2021 increased by 4.0% to EUR 296.2 million (USA $ 310 Million)
EBITDA reported at the upper end of the earnings forecast at EUR 36.8 million
LR Global Holding GmbH, Europe’s leading digital social selling company in the area of high-quality health and care products, published its final, audited figures for financial year 2021 today, confirming the positive, preliminary figures for the past reporting year.
According to these figures, the LR Group was able to increase its sales (merchandise revenues) by 4.0% to EUR 296.2 million in financial year 2021 (previous year: EUR 284.9 million) and continue its growth course after an extraordinarily strong previous year. All regions contributed positively to the development of sales in 2021.
Furthermore, based on final figures, the LR Group achieved normalised EBITDA of EUR 41.6 million in financial year 2021, compared to EUR 42.5 million in the same period of the previous year.
In addition, the company improved its EBITDA reported slightly to EUR 36.8 million (previous year: EUR 36.7 million). This was at the upper end of the forecast for EBITDA reported of EUR 33 million to EUR 37 million for 2021.
“The LR Group developed successfully and further strengthened its market position in 2021.
This

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Prüvit Sales Topped $598 Million In 2021

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Prüvit, one of the fastest growing health technology brands, was honored at the DSN 2022 Global 100 ceremony in Frisco, Texas for reaching $598 million in yearly revenue.
In addition to the Global 100 list, awards are given out in a variety of categories including leadership, lifetime achievement, meaningful global responsibility, customer centricity, and 2022 best places to work in direct selling, among others. The festivities are complimented by a special-edition print issue, and a networking dinner.
With a top-tier guest list made up of leading executives, the 2022 event was a tremendous success with a virtual broadcast making it possible for people all around the world to join in the experience.
The event is DSN’s celebration of the outstanding achievements of organizations and the executive leaders within the industry who have made big moves and experienced major growth over the past year. They are essentially the Oscars of direct selling with over 1,300 attendees, and more than 35 presenters with a total value of participating companies topping $20 billion.
It was a shining tribute to the unlimited potential of the whole community to grow and evolve into an even brighter future. With the wealth of knowledge of the thought leaders and executive innovators on the

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Sales commission structure for UK small business

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By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs

You’re a small firm that has a proven B2B product to sell and the direct website sales to prove it. You’ve even had investment from investors excited about your revenue growth projections. But how can you take your small business up to the next level, finding those buyers without having to rely on word of mouth?

The obvious answer is to take on a salesperson.

But how do you know what to pay them? Obviously, salespeople work on commission – the more they sell, the more money they make – but won’t they need a basic salary to tide them over? And what should that split be?

This is when you need to decide on a sales commission structure for your small business.

First, you need to ask yourself some questions.

What is the hunter vs farmer concept?

A simple distinction between types of salespeople is the hunter vs farmer concept. The kind of salesperson you may need depends on the type of business you are in.

Martin Knowles, co-founder of sales coaching firm Sales Untangled, co-author of the Amazon bestseller of the same name, defines hunters versus farmers as follows:

Hunters are

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