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In The Second Quarter Of 2021, Natural Health Trends Had A Revenue Of $16.2 Million

Natural Health Trends reported positive cash flow from operations for the third consecutive quarter and positive operating income and net income for the fifth consecutive quarter in its second-quarter financial performance. The company’s revenue for the quarter was $16.2 million, up 20% from the previous quarter but down 2% from the same time in 2020.

Operating income climbed to $385,000 from $220,000 the previous quarter and $183,000 the following quarter in 2020. The number of active members (those who have placed at least one product order in the past 12 months) fell by 5% to 46,860. This represents a 14% drop from the same quarter in 2020.

“Despite persisting socioeconomic concerns, we were delighted with our second-quarter financial performance, which reflected sequential growth,” stated Chris Sharing, President of Natural Health Trends Corp. “Multiple in-person events and roadshows helped to renew momentum in our main regions, resulting in revenue of $16.2 million, up 20% from the first quarter of 2021. Sporadic outbreaks hampered meeting turnout, and worldwide supply chain restrictions lengthened lead times, contributing to a $1.5 million raised in our deferred revenue balance from March to June.”

Revenue during the first six months of 2021 totaled $29.6 million, down 6% from $31.4 million in the first half of 2020. The diluted share price is $0.03.

At the end of the quarter, total cash and cash equivalents were $88.1 million, down from $90.2 million in the previous quarter.

“We’re still managing the difficulties of the COVID-19 epidemic around the world, as well as the periodic pockets of breakouts in Asia,” Sharing added. “Despite these obstacles, we generated positive operating and net income for the fifth consecutive quarter, as well as positive cash flow for the third consecutive quarter. Looking ahead, we remain cautiously optimistic that continued loosening of pandemic-related limitations will be beneficial to our industry.”

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Herbalife’s Net Sales In The Second Quarter Totaled $1.6 Billion

In the second quarter of 2021, Herbalife Nutrition recorded year-over-year net sales growth in five of its six global regions, with four of them exceeding 20% growth. India gained great traction in the second quarter, expanding by 93 percent compared to the same quarter in 2020 and contributing to the Asia Pacific region’s substantial 38 percent rise.

The company’s net income for the quarter was $144.2 million, up 25% from the second quarter of 2020, while net sales were $1.6 billion, up 15% from the same period last year. This is the company’s largest quarterly net sales performance ever.

At $262.1 million, adjusted EBITDA for the second quarter of 2021 shattered company records and was the highest quarterly adjusted EBITDA in company history.

“Our adjusted EBITDA of $262 million in the second quarter was a record for the second quarter in a row, resulting in over $500 million in adjusted EBITDA created in the first half of the year,” said Alex Amezquita, Herbalife Nutrition’s Chief Financial Officer.

Nutrition product demand fueled double-digit growth in more than 50 of the company’s markets. The Energy, Sports, and Fitness category increased by 45 percent, while focused nutrition increased by 19 percent and core weight management products increased by 12 percent.

“For the fourth quarter in a row, we produced double-digit net sales growth,” stated John Agwunobi, Chairman and CEO of Herbalife Nutrition. “All three of our major product categories climbed by double digits, with the Energy, Sports, and Fitness category growing by 45 percent year over year.”

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A South Dallas Couple Has Launched A Direct Selling Company To Help Others Launch Their Own Businesses

By simply leading with truth and integrity, the Dallas couple hopes to transform the direct selling industry. Tamara La Salle Allen and Kea Lawson-Johnson, two Dallas businesswomen, came up with the concept for “Live Simple.” “Leading with ethics and creative wellness products, this duo set out to develop a unicorn company and give people the chance to make a few hundred dollars each month simply by sharing things that work.

The formal founder’s launch event will be held on 9/19/2021 from 7 pm to 9 pm at the Urban Creative Center, located at 201 Executive Way #100, Desoto, TX 75115. This is your chance to get in on the ground floor of a direct selling business opportunity. With innovative and practical wellness products, this all-inclusive brand is changing lives. Their SIMPLE CLEANSE and COQ10 energy spray are both effective.

What other products are you launching?

We’re thrilled to introduce our food-grade vitamin inhalers, hunger suppressant caffeine-free tea, COQ10 energy spray, and other products. Our COQ10 is made with nanotechnology liposomes, which allow nutrients to pass through the intestinal lining without being digested.

Personally, only 8 sprays per day are required. With only 8 ingredients, our 15-day cleanse “Simple Cleanse” is a simple but powerful cleanse that is taken before bedtime.

What distinguishes Live Simple from traditional MLMs or direct selling firms?

For starters, we begin with honesty and sell the truth.

Approximately 78 percent of MLM participants do not make any money,
“You can lose all of your money,”

“You can lose some of your money,”

“You can make a little money,”

“You can make a lot of money,”

People will trust you once they know you aren’t selling them dreams. We intended to offer a genuine chance for anyone to participate, regardless of their financial situation. We provide start-up business packages starting at $119 to help you get started.

We concentrate on real-life examples. We can transfer those funds to our bosses and preferred clients in the form of commissions and other incentives since we cut away the influencers. People don’t want “get rich quick” scams; instead, they want to share items that produce results and provide them with additional revenue. Simple living is a direct means for them to transform their own lives and the lives of those they come into contact with.

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How Direct Selling Promotes Female Entrepreneurship By Providing Them With A Platform From Which To Lead From The Front

Just take a look around to observe how women are leading from the front in practically every field today! Women have proven that civilizations cannot advance and the world cannot become a better place to live without them, from actress Priyanka Chopra who put Bollywood on the global scene to badminton players Sania Mirza and PV Sindhu who made India a face in international sports.

According to a paper titled ‘Powering the Economy with Her’ by Bain & Company and Google. The good news is that this number is only anticipated to rise in the future. According to a survey conducted by the EdelGive Foundation, women-owned businesses in India are expected to rise by up to 90% in the next five years.

It’s because economies can’t thrive without increased female participation. According to the IMF, equal gender participation in the workforce could boost India’s GDP by 27% by 2025. This has the potential to create 150–170 million jobs in India, which is more than a quarter of the new jobs necessary for the whole working-age population between now and 2030!

Encouraging women entrepreneurship

Using an integrated policy framework, according to the same Bain and Company analysis described earlier, can expedite women’s entrepreneurship and bring them into the mainstream. Equal access to finance, as well as broad-based gender responsiveness across the financing sector, can help people leap into self-employment and entrepreneurship by alleviating financial concerns. Other approaches, according to the research, including expanding access to capability development and mentorship, guaranteeing women’s closer integration into formal and informal networks, and not only establishing but also celebrating role models.

Direct selling industry revolutionizing women entrepreneurs

Direct selling is an industry that has made a significant contribution to the creation of self-employment opportunities in the country, particularly for women. It is a business strategy in which a vendor sells things directly to the end consumer, either in person or online, and is also known as person-to-person retail. The number of direct sellers in India was 5.7 million in FY 2018-19. By 2025, these numbers are expected to have risen to 18.1 million.

Amway, one of the most well-known FMCG direct selling organizations, is a company that values women as decision-makers. They no longer want to work from 9 a.m. to 5 p.m. They are driven, financially self-sufficient, capable of changing the world, and always on the lookout for the best possibilities for their immediate and long-term goals. And Amway has been the wind under their wings, striving to develop capacities for poor women so that they may join the workforce, earn a living for their families, and contribute to the economy as a whole.

Amway’s Nari Shakti

Project Nari Shakti was launched last year as part of Amway’s 10-year growth strategy, with a specific focus on empowering women to unleash their entrepreneurial energy. Its goal is to elevate Amway’s female Direct Sellers to the forefront by boosting their existing talents and empowering them to run their Amway businesses on their own. To do this, Amway has organized several training sessions and workshops led by senior female entrepreneurs in recent months. This project also emphasizes the relevance of social selling in today’s environment, as well as the rapid adoption of the digital medium to sustain enterprises and move beyond traditional direct selling methods.