AURORA Gaston, USANA Vice President for the Philippines and Indonesia, receives the Innovative Company 2017 Award at the Asian Networkers Convention and Expo 2017 held recently at the Ynares Sports Arena. USANA, a world leading manufacturer and distributor of health supplements in the multilevel marketing industry, bagged three other awards including Vision Excellence Award for USANA Founder and President Dr. Myron Wentz, Outstanding Couple Networker Award – Duard and Rosanne Ricalde, and People’s Choice Rising Star Best Male Award – Billy Dela Fuente.
These awards cap USANA’s eighth year celebration in the Philippines as it broke through the PhP4 billion sales in 2016. In her speech, Ms. Gaston, together with the company’s Field Development and Marketing team, Ethics and Education, Top Income Earners and active associates, took pride in the company’s science-based products, exceptional compensation plan and world-class multi-level company during the awarding ceremonies.
Article Source: www.sunstar.com.ph
In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
“Through a series of poor management decisions and introduction of a costly compensation plan, the company has seen revenues and profits decline sharply in the past year. Top managers suggest the collapse in sales was all planned, in reality the business is on the brink of bankruptcy due to factors the company is not disclosing to investors in a forthright manner.
The increase in revenues is directly related to the increased number of members and their business.
SG&A among MLM companies is less fixed than traditional retailers and rapidly fluctuates as the distributor bases changes since the largest expenses for any MLM are distributor commissions. In 2016, the company spent $17.1 million, or 42% of revenue on these expenses.
Previously, however, the company spent a much greater amount on commissions to members. That was because, starting in 2014, the company had adopted a new commission structure that highly incentivized recruitment over the sale of actual products to real consumers. In the 2014 10-k the company stated:
During 2014, Company management made a conscious effort to invite and attract significant direct marketing leaders to our Company. This strategy has been hugely successful as evidenced by the convincing increase in revenues.
That conscious effort came in the form of a new marketing plan called FGX. In it, the company authorized massive payouts to individuals with recruiting schemes capable of signing up large swaths of people around the world. In the first year of implementation revenues increased 240% and selling expenses (commissions) increased 280%. The problem was that it squeezed margins are caused the company to post increasingly large losses for 2015 and 2016.
In 2016, with the operating deficit ballooning and financing all but cut off, the company decided to phase out the FGX compensation plan. With less incentive to recruit, many members left the company.
Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history. Unsurprisingly, revenues also cratered, declining 40% that year. Management has not been forthright about why their business is imploding. The massive loss of members is hardly mentioned by management. Instead they explain it as a shift in focus from growth and to profitability.
Full article can be found here: https://seekingalpha.com/article/4065393-forevergreen-appears-shutting
Pamela Davis is originally from Kingston, NC and moved to Raleigh, NC many years ago. Pamela joined Total Life Changes (TLC) three years ago.
She was introduced to TLC by current Executive Ambassador, Lenika Scott. Pamela was very hesitant to join another network marketing company, but she trusted Lenika because they met in 2009 in a previous company.
Pamela explains her decision to finally say, ‘Yes’ to TLC:
“After building a high five-figure income within my previous company for two years, the compensation plan just crashed. It wasn’t built to support distributors that I would characterize as, “little people”. It was built to fund only those distributors at the very top. I was not ready to give this industry another chance. Mentally and physically I didn’t have the strength to help build another direct sales business. However, my financial situation was getting worse.”
“My health was failing and honestly, I was in a state of depression. Yes!!! A woman of faith and a believer in Jesus Christ. Like many, my faith was tested. I lost my home, real estate properties, cars. There were days with no food in my home and many days of nothing more than seasoned noodles. And mind you, that type of food wasn’t good for someone like me that was diagnosed with a rare kidney disease.”
Pamela Davis is a mother and a grandmother that has always focused on building generational wealth for her children. Pamela quickly realized that Total Life Changes offers a unique, hybrid-binary compensation plan that pays distributors five different ways on a weekly basis.
This was not only very attractive to her, but she was able to build interest and belief in the business because her business partners were earning money right away in one or more ways.
Pamela was recognized in 2014 with the TLC Spirit Award at her first National Event. In 2016, she was recognized as a six-figure earner. “God graced me to walk across the stage to receive my check and 6-Figure Earner ring in New Orleans with earnings of $100,000 in one year while working from home.
Who does that? TLC Baby! And recently in February, at our Unified International Conference Tour in Houston, Texas I was honored with The Team CEO’s Global Award. My team is everything. There’s no me without them. I’m so blessed,” adds Pamela Davis.
Many Independent Business Owners (IBOs) in TLC credit the products first for driving their initial success. Others find desperation as the driving force to be successful. Pamela Davis admits that it wasn’t the products that initially helped her to find success.
Pamela further explains her situation prior to joining Total Life Changes:
“It wasn’t the products in the beginning that drove and pushed me to move my TLC business. I needed money! I was drowning in debt. I was homeless inside of my home. I often say that, you can be homeless in your home. No lights, no water, and silently losing all hope and faith. I was being tested. I give God all the glory for Lenika Scott. She was the vessel and TLC was the vehicle. I am forever thankful to TLC’s Founder and CEO, Jack Fallon for his vision and to our V.P. of North America Sales, Kenny E. Lloyd for his leadership and connection with the distributors (now called CEO’s) in the field.
“God set me up with that little pack of Iaso tea. I often say, we can’t make medical claims. But testimonies tell it all. I’m blessed because of my results on the Iaso brand of supplements. TLC is blessed by so many testimonies of our customers and team members. They have inspired me and I’m determined to share TLC products with everyone. Whoever thought that one little pack of tea would change so many lives, with so many other awesome products. TLC Pays! The opportunity is Real! We are winning over here! TGBTG! I went from $1579 a month to recently $15,000 in one month. Who does this?, TLC Baby!”
Pamela Davis shares her vision with her team members that have a strong desire to go to the top. “The bible clearly states, what you make happen for others, God will make happen for you. I will be a multimillionaire with Total Life Changes. I will reach The Rank of Executive Ambassador. It’s already done…..” adds Pamela Davis.
About Total Life Changes
Total Life Changes ® offers a diverse product portfolio of health, wellness and beauty products. Founder and Tea Executive Officer, Jack Fallon created TLC over 16 years ago with a single product: NutraBurst ®. Since that time, TLC has continued to develop the Iaso® brand of products to include a diverse and attractive product portfolio matched with a hybrid binary system that allows IBOs of TLC to be compensated quickly for introducing new customers to our products and business opportunity. Find out why so many are saying, “It really is different over here.”
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