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Growth trends continue in June

A continued growth trend was shown in reports of June 2020 Transformation capital in the direct selling channel.

50 leading direct selling companies have continued to indicate strong sequential sales growth across most of the channel, according to the Dallas-based investment banking and business development firm.

Stuart Johnson, CEO of Transformation Capital said that it is the fourth month in a row with similar growth rates results in which they believe past is a point of pleasant anomaly and they are an indication of trend and potential inflection point within the industry.

Since a traditional fact that attributes to June being a historically slow month for direct selling industry is kids being out of school and summer vacations. But this year, 12 respondent companies reported a record monthly revenue during the period whereas 70% of respondents report a sequential increase in revenue as compared to May 2020.

In June, 12 companies reported record revenue for June, 70% companies reported more growth in June over May, 28% remained flat or declined, 30% sbowed single-digit growth and 42% grew by double digits or more. These results follow the strong results of respondent’s growth over 72% in May over April, April 80% and March 80%.

Key Takeaways:

In history, June’s growth figures would be the inverse of today’s scenario i.e, 30% growth over 70% decline. The majority of the companies that would grow would be because of a specific catalyst, such as product launch, event or continuation of an explosive growth curve.

Johnson said, “While the number of companies reporting high percentages of growth (10% or more) month-over-month declined, the same number grew during the same time period. This growth was achieved on a higher prior month revenue base and during the historically slow month of June, leading us to find the results all the more impressive.”

Company acquisition and recruiting statistics are trending higher and surpassing comparable periods from one year ago. According to the report of respondents, Q2 2020 revenue exceeded that of Q1 and many have exceeded first half of 2019 revenue in first half of 2020.

Looking Forward:

With a shift in traditional working to work from home in every social and professional mainstream, resulting in a prolonged period of relatively high unemployment which cannot be ignored as significant tailwind for the channel.
A record revenue is projected to be reached by 8-12 legacy companies as a witness of the situation.

“We believe it to be a reasonable and safe prediction that the current environment is not changing anytime soon,” as said by Johnson. “We have no reason to expect anything other than a continuation of the general trends we are currently experiencing in the near term and, potentially, the mid-to-longer term.”

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News

Recent Public Company Data Confirms Previously Reported Trends in the Direct Selling

Direct selling is the old but new stand out ideal model in the times of COVID-19 pandemic. The four largest direct selling stocks have increased in the value from 11% to 19% when compared to the 4.1% increase in Dow Jones Industrial Average. When measured collectively, the sticks have risen 14.5% month to date with a remarkable 64% in the beginning of the month of March.

Obeying the markets close on July 1, 2020 Nu Skin (NYSE: NUS) reports preliminary second quarter revenue results in range of $603 to $608 million, it was well ahead of internal guidance ranging between $520 and $550 million for the period. The following day the stock surged 25% on more than 4X average trading volume.

Herbalife (NYSE:HLF)+3.9%, USANA (NYSE:USNA)+11%, Medifast (NYSE: MED)+5.8% are the remaining three large public direct selling companies who traded higher on the day as well despite a relatively flat to slightly up performance from the major indices.

Nu Skin is likely to increase its previously provided annual revenue guidance of a range between $2.17 to $2.26 billion therefore it is expected to report its full Q2 results after the markets close on August 5.

Before the opening of the market on Monday, July 13, Herbalife announced a modified Dutch Auction Tender Offer to repurchase up to $750 million of company’s share at the price of not more than $50 and not less than $44.75 per share. Also largest volume points were quarter were announced in company’s history. Subsequently the Herbalife’s stock were moved highly aggressive on more than 6X average trading volume, closed at 13 percent higher day.

USANA is scheduled to report its second quarter financial results after the market closes on Monday, July 21.
Volume points are a key internal metric utilized by Herbalife management, which are a weighted-average measure of product sales volume. Volume Points are unaffected by exchange rates or price changes and are used by management as a proxy for sales trends.

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News

Ananta Swathi Das from India is rising fast at QuiAri

QuiAri is a new health and wellness company that is doing marvels in the industry by providing life-changing opportunities to people so they can empower themselves by living their best. The health and wellness products manufactured by QuiAri are made from an exclusive extract of maqui berry, the new superfruit in the world.

Note: Products offered by QuiAri doesn’t cure any disease.

QuiAri is the only company that provides pays commissions within 5 minutes after every sale. In other companies you have to wait for your check but not in QuiAri. You can receive the same day pay just by sharing their products with others. Everything is loaded on the QuiAri branded visa debit card which is accepted anywhere.

Miss Swathi urf Ananta Swathi Das is one of the determined leaders determined to take QuiAri at #1 position. Originally, Miss Swathi is a health and wellness coach from Vijayawada, India.
QuiAri was introduced to her by QuiAri Promoter Balu Tiruveedhula. Earlier, Balu and Swathi had worked together in a multi-billion-dollar health and wellness company. Balu had lost 19 pounds by taking the 90-days kickstart challenge.

Swathi recalls, “Balu loves to dance and is one of the most energetic people I know. When he told me all about QuiAri products and the opportunity, I started dancing too! The shakes were so good – rich and smooth with no chalky aftertaste, but the QuiAri Energy is my favorite! It just made me want to get up and move my feet. Three months later, I have lost 26 pounds. I couldn’t believe it. I started sharing QuiAri with all of my friends and earning commissions when they joined me on the Challenge,”

Bob Reina, Founder, and CEO started QuiAri in October 2019, aiming it to grow and become the #1 home-based global business opportunity in the world. He says it all began with having higher quality products. QuiAri is consistently ranked at top for momentum ranks, flavor, compensation plan benefits, payouts, global expansion. Miss Swathi, is picking up steam in India.

Bob also stated, The best is yet to come. Our plans include all of Europe, Asia, India, Africa, and the U.S. Anybody that knows me in this industry, knows that I’m a man of my word and I’ll do whatever it takes to support the global marketplace,”

Promoters certainly have not complained about QuiAri’s jaw-dropping list of “industry-first” benefits that have helped them build their business faster. QuiAri is the first health and wellness company in the world to offer Same Day Pay, commissions paid just 5 minutes after every sale. They also have the fastest cycling binary and one of the highest paying compensation plans in the industry.

Miss Swathi’s QuiAri business has been stronger than ever. People have fully embraced the 90-Day Kickstart Challenge, an easy-to-follow 2 step process that involves drinking a chocolate or vanilla shake and taking 1-2 QuiAri Energy tablets.

Income Disclosure Statement

Please note the QuiAri business opportunity offers unlimited income potential. However, QuiAri makes no guarantee of financial success. Success with QuiAri results only from successful sales efforts, which require hard work, diligence, skill, persistence, competence, and leadership. Your income will depend upon how well you exercise these qualities.

As QuiAri is in its first year of business operations, we do not have sufficient statistical data to prepare complete, first-year income disclosures. A more detailed survey will be conducted after our first year of business. If income projections were presented to you prior to your enrollment, such projections are not representative of the income, if any, that you can or will earn through your participation in the QuiAri Compensation Plan.

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News

Medifast survey says people experiencing stress during Pandemic

According to a recent survey conducted by Medifast, 88% of adults i.e, 9 out of 10 of them have encountered stress during the pandemic.

Moreover, the results of the survey conducted showed 82% are concerned about the minimum of one aspect of their physical or mental health whereas one-fifth are struggling to get on track with their pre-pandemic health goals.

Over 1,000 U.S. adults were surveyed by the Medifast, company behind the OPTAVIA, to understand the impact of the pandemic. How the subsequent shelter in place orders had on their ability to maintain and develop healthy habits as well as how people are coping during these difficult times.

The survey was concluded with the following notable findings:

• Many have diet and exercise on their mind, with more than half of the respondents i.e, 57% of them are concerned about weight, overeating, and workout since the start of the shelter in place orders.

• Approximately 46% of the respondents had issues with healthy food habits. About 34% of the surveyed were struggling with snacking too much, 26% were trying to stick to a healthy diet, and rest 19% were struggling with portion control when eating.

• Around 52% of women were more likely to have difficulty with at least one aspect related to food than men 41%.
75% of respondents who experienced stress during the pandemic outbreak are looking for active ways to manage their increased anxiety.

These ways include social networks for support, calling your friends and family for help.

Medifast Chief Executive Officer Dan Chard quoted that the pandemic brought significant changes in the lives of every American, these are also preventing them from achieving physical and mental health goals. People facing trouble in maintaining healthy habits are turning to their communities for support.

Some other important highlights are:

• Women are affected more during the pandemic than men.

50% of women are more concerned about their stress levels whereas 34% of men are concerned about it on the other hand.

• Women are more tensed about their weight, overeating, or healthy food habits as compared to male counterparts.

Note: Half of the respondents reported that they are managing their pandemic related stress through exercising, eating healthy, or cooking. 90% believe that eating healthy was quite effective in managing stress.
Methodology:

1,327 nationally representative US adults, ages 18+ through YouGov’s omnibus. The survey was fielded from April 23-24, 2020, with a margin of error of +/- 3% at 95% confidence.

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News

A Modified Dutch Auction self-tender offer announced by Herbalife Nutrition Ltd.

A modified Dutch auction self-tendered offer was commenced after an announcement made by Herbalife Nutrition Limited.

According to the offer, purchase for cash up to, $750 million of its common share at a per-share price neither greater than $50 nor less than $44.75.

The tender offer will expire by August 11, 2020, at 5:00 PM, EDT, unless the offer is extended. Whereas the closing price of the company’s shares on the New York Stock Exchange on the 10th of July’20 was $54.64 per share.

Preliminary volume point results for the second quarter ending June 30, 2020, had also been released by the company. Based on preliminary and unaudited information, the company expects second-quarter 2020 volume points of approximately 1.7 billion, an increase of 12.4 percent when compared to the second quarter 2019, representing the largest volume point quarter in company history.

Chairman and CEO of the company, Mr. John Agwunobi says the tender offer reflects the company’s continued confidence in business and it is their long term strategy as this is their coming largest volume point quarter in company’s history. He also believes that with Herbalife’s strong cash flows and favorable debt maturity schedule, they will be able to drive future growth along with investing in their business while continuing to pay back the return value to their shareholders.

The tender offer will be made under the company’s $1.5 billion share repurchase program announced on October 30, 2018, substantially all of which remains available prior to this tender offer.

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News

New Avon Donates Generously

New Avon is doing wonders in the world of humanity by donating products worth $16 Million. These donations are made to fulfill the commitment of making a change in the world by giving back. AMAR in Puerto Rico and Avon’s longtime partner, Feed the Children are among the various charitable organization to whom donations are made.

These organizations are helping the needy by providing supplies.

$1.3 million dollars are donated to AMAR which is dedicated to taking medicines and essential communities in need. It is doing this for 25 years for the most vulnerable communities. The donations include personal care products, cosmetics, and home products. Over $13 million dollars products have been donated to feed the children which works closely with schools, civic organizations, and food banks to serve the most vulnerable people suffering due to some uncertainty. In the last 16 years, Avon has donated over 15,000,000 pounds of products including personal care, beauty, clothing, shoes, and home essential to support millions of families.

Apart from these two organizations, The Marine Toys for tots had also received toy donations worth $2.4 million to help them out on their mission. Their mission is to collect and distribute new toys for less fortunate children during the holidays. About 60,000 toys were sent to toys for tots from Avon for the upcoming holidays.

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News

HP increasing its footprint on Direct Selling map of India

A positive impact on the Direct selling industry was recorded in the government enforced lockdown.

Telecom infrastructure witnessed it in Himachal Pradesh. Himachal Pradesh has also achieved a hundred percent electricity coverage. Oriflame India Corporate Affairs-Asia Director, Mr Vivek Katoch says increased prospects of working proactively in remote places in Lahaul Spiti, Kinnaur and Chamba districts for high speed connectivity of the Internet resulting in an boost in the market of Direct Selling industry in India.

Mr Katoch is also the treasurer of IDSA (India Direct Selling Association), he says IDSA has a view of increasing adoption of digital means of conducting business activities supported by the other industry initiatives of state government.

However, people associated with Direct Selling industry are worried about the growth of their business due to a strong telecom infrastructure.

Himachal Pradesh is one of the 13 states in India to have notified the Direct Selling Guidelines based on the model set notified by the Department of Consumer Affairs of the central government thereby paving way for the development of the industry in the state as well in the country.

According to the Annual Survey 2018-19 for Direct Selling industry in India, a total direct selling sale of Rs 23 crore was generated by Himachal Pradesh. It is a figure which is anticipated to grow robustly since the notification of Direct Selling guidelines in the state in July, 2019.

Himachal Pradesh is a major supplier of medicinal herbs and plants. As a significant number of Direct Selling companies are engaged in manufacture and distribution of Ayurvedic products, the state has become an attractive manufacturing hub for the Direct Selling industry,” Mr Katoch says. Direct selling is providing an opportunity to generate sustainable self-income, Direct Selling industry is also promoting the growth of MSME sector in the state.

The Union Government is all set to bring Direct Selling rules under the purview of Consumer Protection Act 2019 that will further strengthen the Direct Selling industry in the country as India is one of the fastest growing markets around the world for the business of Direct Selling. The future of Direct Selling in India is promising and states like Himachal Pradesh are poised to play a significant role in it.

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Scam Alerts

Forsage fraud warning issued by Philippines SEC

A fraud warning alert has been issued against the Dosage Gifting Scheme by the Philippines SEC.
They’ve also outed Lado Okhotnikov as the owner of this scam. The warning consisted of three pages and was issued on June 30th.

The regulator writes, The entity operating under the name FORSAGE, is headed by LADO OKHOTNIKOV, is engaged in investment-taking activities in the Philippines which is not authorized by the commission.

This is a securities fraud warning, owing to Forsage being identified as a Crowdfunding International Platform or a Smart Contract Crypto Earning Program based on the Ethereum blockchain technology.
As asserted by the SEC;

FORSAGE is NOT REGISTERED with the Commission and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC).

Scheme used by FORSAGE clearly shows possibly a Ponzi Scheme. A scheme where money from new investors is used to pay fake profits to prior investors. It is designed to benefit the top recruiters, risk takers.

Therefore, it is advised that you should not invest or stop investing in any schemes offered by FORSAGE or other beings engaged in smart contracts, cryptocurrency and digital asset that are not registered with the Commission and BSP.

Locally the SEC singles out the Facebook groups Fosage Philippines Forsage Smart Contracts, as being run by “unscrupulous individuals”. On YouTube the SEC calls out Christopher Doroliat, Forsage PH and Think Wise Channel.

The SEC warns promotion of Ponzi schemes in the Philippines carries potential criminal prosecution, with the a maximum fine of Five Million pesos (P5,000,000.00) or a penalty of Twenty-one (21) years of imprisonment.

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News

An open letter by Amway CEO, Milind Pant

Amway is a family-owned direct selling company headquartered in Ada, Michigan, USA. The company manufactures $8.4 billion consumer goods committing to help people live better and healthier lives. Top-selling brands for Amway are Nutrilite™ vitamin, mineral and dietary supplements, Artistry™ skincare and color cosmetics, eSpring™ water treatment systems, and XS™ energy drinks – all sold exclusively by independent Amway Business Owners.

Amway was featured as No.1 direct selling business by Global sales in 2018. According to the 2019 Direct Selling News Global 100, the company’s annual sales figure includes revenue from direct selling operations and other business holdings.

Formerly, In an open letter, Amway CEO Milind Pant stated that black lives matter. Back in date, Amway was founded as a business open yo all irrespective of their heritage, education qualification, religion or background. He recognized their purpose of bringing people together across the globe for helping each other live better and healthier lives. Events in recent weeks have brought to light deep scars within society, and for many, our society isn’t working. We must seek to understand and act to do our part to correct this in order to truly live that purpose.

He assured that Amway stands with the black people and their call for equal justice. Amway has recently started making donations who work in the field of social equality and correcting a long history of injustice – The NAACP and the National Urban League. It has also launched unity circles to encourage its employees for sharing their stories and supporting each other. In these groups, they will be provided resources to help them listen, learn and act against racism. Pant told they are strengthening our resolve, in partnership with our Amway Business Owners, on our stance that hate and racism have never had a place in Amway; and that everyone is welcome and included here. Earlier this year, they had launched new culture principles at Amway that have their foundation in their long-standing Founders’ Fundamentals of freedom, family, hope and reward. Yet for too many, for too long, freedom and hope for the future have been in question. It should never be that way.

There is great power in all of us working together to end racism. Amway vows to be part of the solution. It will hold itself accountable to these words. It assures to help change the future.

Milind Pant’s open letter makes it clear on where Amway stands. Black Lives Matter.

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News

Want to join network marketing , now is the best time to get on. Discover How?

Numerous individuals are keen on network marketing now like never before, particularly on the off chance that they or a relative has been affected financially by COVID-19. Why? Network marketing offers individuals a chance to procure cash by working for themselves. They can make a business – regardless of whether full time or as an afterthought – that encourages them accomplish their budgetary objectives. In the event that you’ve been delaying to get into the business, right now is an ideal opportunity to investigate your conceivable outcomes.

Ordinarily extraordinary things about network marketing :

For what reason do individuals love network marketing?

For some, network marketing gives them opportunity – the opportunity to gain additional cash to assist them with accomplishing their monetary dreams. The opportunity from having a supervisor on your back for eight hours per day. Or then again, the opportunity to make your own hours as opposed to checking in and check out.

Building an effective network marketing business requires some investment, persistence, and preparing. It takes a guarantee to keep in contact with your network and assemble a relationship, regardless of whether the touch doesn’t prompt a deal without fail. Rather than zeroing in exclusively on making a deal, you center around helping the other individual and building trust.

Basic misinterpretations network advertisers have when beginning.

The vast majority of us came into this industry with assumptions of what network marketing resembles. Here are a couple of the most widely recognized.

“I just know a limited measure of individuals.”

One of the most well-known mix-ups individuals make when beginning in network marketing is believing that their network is restricted. The vast majority believe that they just know a limited measure of individuals and once they’ve connected with every one of them, that is it. The uplifting news is, your network is really boundless. The individuals in your network know other incredible individuals who couldn’t want anything more than to become familiar with your item or administration and the open doors you can offer. As you support your associations with the individuals in your network, request that they acquaint you with the individuals they realize who might be keen on what you have to bring to the table. Without a doubt, it might feel peculiar the first occasion when you ask, yet your greatest promoters would be regarded to impart your items and administrations to their preferred individuals. Many are likely previously praising you excitedly to their networks at any rate. You should simply inquire.

“I don’t need to put aside an ideal opportunity to take a shot at my business.”

As a business proprietor, your business is consistently at the forefront of your thoughts, explicitly, considering approaches to expand your network. Lead age is fundamental to developing any kind of business. In network marketing, lead age happens during a Power Hour. A Power Hour is an hour you put aside every day to registration and catch up with your network. It’s tied in with filling somebody’s heart with joy – not making a deal or promoting new items or administrations. It’s connecting, checking in, and wishing them a great day. That is it. There’s no hard deals push or desire for a deal – simply neighborly well wishes. On the off chance that you happen to make a deal, that is incredible! In any case, recollect that this time is saved for building trust, interfacing with clients, possibilities, and wholesalers, and perceiving how you can support them.

Imagine a scenario where you don’t have an entire hour to submit. That is alright. Simply split it up into littler portions of 15 minutes, 30 minutes, or whatever you possess energy for the duration of the day. The fact of the matter is removing some time from your day to focus on your business.

“Quality doesn’t originate from what you can do. Quality originates from conquering the things you figured you proved unable.”

Not focusing on proficient development. As your brain develops, so does your business. In the event that you need to accomplish the entirety of the objectives you’ve made for your business, it’s basic to focus on proficient development. Peruse books about fruitful individuals (or tune in to the book recording) to learn and adjust their propensities for progress. Tune in to inspirational digital broadcasts and music that urge you to succeed. Focus on preparing and courses that keep you on the forefront of your industry and business. At the point when you focus on development, you’ll gain the significant aptitudes and devices you have to plan to develop your business. At the point when you apply these abilities, you’ll be stunned by the amount you’re ready to develop your business.

Incline toward your connections.

On the off chance that you need your network marketing business to develop, you need to manufacture your network. That implies building trust and extending your associations with the individuals right now in your network and adding more individuals to it.

As expressed over, your network is boundless. You can add individuals to your network by meeting new individuals, either at chapel, your youngsters’ school, at the exercise center, and so on. Another path is to request presentations by the individuals in your network who are your greatest supporters. Its an obvious fact that these are the individuals who are probably going to become advocates also. To start with, if their companion definitely knows and trusts you, they’re bound to do so themselves. Second, they are now acquainted with you and your business and may have been interested about checking out in any case. In spite of the fact that they may not be top supporters currently, they’re certain to become advocates after some time, particularly on the off chance that you keep on staying in contact with them.

Predictable Communication.

So as to fabricate trust (and, inevitably, faithful promoters) you need to keep up steady correspondence with the individuals in your network. That doesn’t mean you need to call, text, or email them constantly. It just methods you interface with them consistently at a level suitable to your relationship. For instance, you wouldn’t text or message somebody you just met each week (except if, obviously, they’re too intrigued).

The issue is that we regularly get so bustling that we neglect to reach them by any means. We may give careful consideration to contact somebody in a month or two and afterward totally forget about it. Life gets insane and regularly it’s these little correspondence “contacts” that are the primary things to go. Nonetheless, it’s these little interfaces that are so significant.