If I get this right, and it’s tricky as I said reading through the article, and we are just now pulling the lawsuits and filing, here is what I see on the surface.
1. In 2010 two transactions took place (not sure of which came first at this point); major stockholders sold their stock valued at that time at $186 million to the EMPLOYEE ESOP secured by a high-yield (article called it an “exorbitant interest rate), and during this same year, MonaVie executives sought out financing for $182 million from TSG-MV Financing LLC, securing “virtually all the assets” of MonaVie.
I got word on this potential acquisition last week and agreed to a NDA so I could learn more. Although at the time I had my conversations with parties involved including Wendy Lewis, it was not sure if the sale would go through.
I was excited when I got word the sale was final and the reps at MonaVie and MYNT would once again have all the funding they need to continue their growth in the field as well as product development.
I have been very vocal on issues I have seen at Jeunesse lately, (see our other editorials), but without a doubt this is a positive for the reps in the field.
My close friends Travis and Summer Flaherty have been building a very successful team at MYNT over the last six to nine months and helped the company break the $1 million in monthly sales just a couple of months ago.
With MonaVia international footprint, Jeunesses deep financial commitment, and MYNT’s fresh young sales force, I think this is a win for everyone!
Below is the official Press Release from Jeunesse Global!
MonaVie Rest and MonaVie Balance provide natural, non-habit forming solutions for those dealing with everyday stress and sleep issues.
MonaVie Rest and MonaVie Balance
We’re confident that people will love this product because it’s non habit forming, and it’s not something that knocks you out; rather, it allows you to relax so you get a good night’s rest.
Salt Lake City, UT (PRWEB) September 05, 2013
MonaVie, a global leader in premium nutrition products made from the rarest ingredients in the world, today announces the launch of two new products designed to help people manage their stress and rest better.
MonaVie Rest is a blend of 16 fruits, fennel, lemon balm, chamomile, and inositol, which helps promote a naturally calm, relaxed state. MonaVie Balance helps the body adapt to stress while creating a sense of well-being. Preview new MonaVie Rest. Learn more about MonaVie Balance.
As a company that has focused on promoting active and healthy lifestyles through proper nutrition and energy, MonaVie is taking a natural step by expanding its product line into the stress and sleep categories. “The decision to create products that help with sleep and stress was an easy decision to make. It answered the question, ‘Will these products help people live A More Meaningful Life?’ with a resounding ‘Yes!’ and that is what MonaVie is all about,” says MonaVie President and CEO Mauricio Bellora.
One Nation Under Stress
A 2010 national stress survey by the American Psychological Association (APA), Stress in America, revealed that “stress is not only taking a toll on our personal and physical health, but it is also affecting the emotional and physical well-being of children and our families.”
The APA survey also indicated that people with more stress tended to have only “fair” or “poor” overall health, while those with lower stress tended to have “very good” or “excellent” health.
MonaVie Balance (consisting of both an AM and PM pack) helps the body adapt to stress while creating a sense of well-being. “The daytime formula helps promote feelings of energy and happiness to help people deal with everyday stresses, while the calming night formula promotes a relaxing evening,” says Chief Science Officer Dr. Shawn Talbott.
Americans Growing Tired of Sleeplessness
Forty million people in the U.S. have a chronic sleep disorder, and insomnia is the most common sleep problem for America’s adults, according to the National Sleep Foundation. More than one-half (54%) of adults in America said they experienced at least one symptom of insomnia a few nights a week, and one-third (33%) reported having a symptom every night or almost every night in the past year.
MonaVie Rest helps promote a naturally calm, relaxed state with a blend of fennel, lemon balm, chamomile, inositol, and 16 fruits. “We’re very excited to introduce this product to the United States because it’s based on a natural remedy used for generations by the people of Brazil,” says Talbott. “We’re confident that people will love this product because it’s non habit forming, and it’s not something that knocks you out; rather, it allows you to relax so you get a good night’s rest.”
MonaVie Rest and MonaVie Balance are now available to consumers in the United States through MonaVie’s network of independent distributors or by calling MonaVie Support at 1-866-217-8455.
Since 2005, MonaVie has developed premium products dedicated to promoting health and wellness worldwide. With distribution in more than 20 markets, MonaVie addresses four key areas necessary for optimal health—Nutrition, Weight, Energy, and Stress—with products made from the best and rarest ingredients on Earth. The products, in conjunction with MonaVie VIEW Antioxidant Scanner, empower people to live healthier, more meaningful lives. That greater meaning is revealed through our heartfelt commitment to doing good in the world and by helping children and families in need through the MORE Project. Start living A More Meaningful Life today and discover the true, life-changing power of MonaVie. Learn more at http://www.monavie.com, or connect with us on social media.
With rumors flying over the last few weeks as to what has been going on in the C-Suites over at MonaVie, I reached out to Dallin Larsen for some insight. Dallin got right back with me and said… Nothing! He is always fast to respond, but always cautious in saying too much until he has talked with his leaders. Well drop down below and see the news Dallin shared. This may be some of the best news coming out of MonaVie in the last couple of years!
Now that our event has been completed this past weekend in Florida, I will let you know that after months of interviewing various candidates, we’ve hired a new CEO/President for MonaVie. He was well received by our leadership this past weekend.
My new role will be Founder and Chairman. This is designed to free me up from the day-to-day of the business and allow me to build relationships globally, attend the major functions, host top leaders and continue casting the vision and mission of MonaVie globally. I have a good feeling about this and have peace inside that this is the right move at the right time for MonaVie.
For the record, this was MY decision to pass the baton. I wasn’t forced to do so nor coerced to do so. I’ve always attempted to make my decisions based on what’s in the best interest of our distributors and I believe this decision is just that.
I’m doing a North America conference call tonight to recap what took place in Orlando with the introduction of our new scanner technology, the new tools, and also introduce Mauricio to the larger MonaVie audience.
Hope all is well with you Troy and that you have an amazing 2013.
Thank you for all you do,
Without a doubt, MonaVie is a company that has weathered many storms, rumors, and even the loss of some great leaders who felt it was time to move on. But through it all, Dallin, Randy and Henry have stayed true to their original goals. I will continue to watch to see what 2013 brings for the MonaVie crew.
This week I share about a new format I will be using in reporting the news in 2013, and some of fantastic news on the financial health of the direct selling industry and the network marketing community that makes it what it is.
Direct Selling Companies You May Not Have Heard Of!
Awbrey Smith started this company out of her home in 2011. With little to go on besides a crazy idea and “dream” of what she wanted to accomplish for women all over the country, 2CP has grown by leaps and bounds since it’s opening. According to Awbrey, the success of 2CP lies within her amazing team (listed below) and the consultants and customers who make each day an exciting one! Work is no longer what she has to do to help pay the family bills, it is now a growing change that Awbrey is helping make in women’s lives all over.
We have been helping women build businesses for over 20 years.
Cookie Lee jewelry is delivered directly to customers through shows, fundraisers and personal shopping. Our ever-growing base of independent Consultants operates throughout the United States.
A HISTORY OF SWEET SUCCESS!
DOVE CHOCOLATE DISCOVERIES™ launched in February 2007 as one of the latest ventures from Mars, Incorporated. Now, a global leader in chocolate, Mars roots goes back to the kitchen. In the 1880’S, when Frank Mars was a young boy, his mother taught him to hand-dip chocolate. With his wife, Ethel, Frank started a home candy-making business in Tacoma, Washington, that eventually grew into Mars, Inc., a world-wide industry leader in chocolate confections. Going back to its direct-selling heritage, Mars created DOVE CHOCOLATE DISCOVERIES™. Since then, the Chocolatier sales force has taken off. There are now Chocolatiers in 48 states.
With over 100 years of candy-making experience behind us, DOVE CHOCOLATE DISCOVERIES™ is dedicated to creating the ultimate chocolate experience – in the comfort of your own home, providing an opportunity to share some sweet moments with family and friends. Plus, as a Chocolatier, you’re walking in the door with respect and recognition. What could be sweeter than that!
The lia sophia Story
Jewelry has been a passion in the Kiam family for decades. In fact, lia sophiaisn’t the only jewelry company that family patriarch and entrepreneur Victor Kiam and his wife, Ellen, were a part of. They learned a great deal about the business from the Friendship Collection, which they started as a mom-and-pop enterprise in their apartment decades earlier. By the 1970s, it had grown into the United States’ largest importer of jewelry, antiques and artifacts from China. Even early on, their instincts were good. (Read On)
We had a question in early 2010- what would happen if women were able to earn some extra money selling designer jeans at a discount? Well, based on the success we have had so far, the answer is pretty clear. Vault Denim is a direct sales company that is a little different than others. Our consultants don’t have to spend money to purchase their own inventory- we provide it. Customers don’t place orders at home parties and then wait for products to be shipped- they wear their new jeans home. And because we sell the same jeans found in department stores for up to 50% less, people are lining up to host parties and become a part of this fast-growing, exciting company.
Leslie Montie never dreamed she would become the founder of a company that helps families enjoy great tasting, nutritious meals in minutes.
When Leslie discovered that her two young children had medical conditions requiring special dietary restrictions, she began her search for healthy alternatives. “It was amazing how this impacted our entire family.” recalls Leslie. â€œI needed to come up with meals that my children would not react to, yet still enjoy. And since I was a full-time working mom, they had to be easy to make.” (Read On)
At Willow House, our mantra is Simply Good Design — and it permeates everything we do.
Our in-house designers strive to create high-quality products with impeccable design and effortless style, from the sparkling luxury of our designer Jewelry by Sara Blaine to our line of exclusive home décor and American artisan pieces.
More than simply “on trend,” our exclusive home décor and jewelry collections are thoughtfully designed to be timeless. They’re pieces that you’ll enjoy wearing and decorating with season after season.
But Simply Good Design runs deeper than our look — it’s in the very soul of our company. You see, Willow House offers our family of Consultants two strong divisions to grow their own small business — Jewelry by Sara Blaine and Style for Home. We empower our Consultants with the tools needed to succeed in this ever-growing industry.
Willow House is the most compelling home-based business opportunity in America. Through e-commerce, savvy social media marketing and our on-trend blog, Plate & Pattern, we help our Consultants connect with their customers in new, exciting, and profitable ways.
Network Marketing Company News
AdvoCare will continue its partnership and primary sponsorship of Austin Dillon’s No. 3 AdvoCare Chevrolet for the 2013 NASCAR Nationwide Series season. This follows the company’s sponsorship of Dillon and the No. 3 car for 20 races in the 2012 NASCAR Nationwide Series season.
Berkshire Hathaway, parent company of Kirby,The Pampered Chef and World Book, announced its financial results for the third quarter of 2012. The conglomerate reported that its third-quarter profit rose as strength in the railroad and utility businesses, as well as investment gains, offset weaker results in its insurance units. Berkshire said its cash holdings grew to $47.78 billion, up $10 billion from the start of the year. View the full press release online.
Blyth, parent company of PartyLite and ViSalus, reported earnings for the third quarter of 2012. Net sales for the three months ended Sept. 30, 2012, increased 40 percent to $268.8 million versus $191.5 million for the comparable prior-year period, primarily due to the 132 percent year-over-year sales growth at ViSalus. International sales for Blyth represented 25 percent of third-quarter sales this year, compared to 34 percent last year, driven by ViSalus’ strong domestic sales growth. View the full press release online.
Mannatech has reported net income of $2.2 million for the third quarter ending Sept. 30, 2012, compared to a net loss of $3.7 million for the third quarter of 2011. In achieving net income of $2.2 million for the third quarter of 2012, non-cash items impacting profitability included a reduction in a previously recognized deferred tax asset valuation allowance of approximately $1 million, a release of reserves related to transaction taxes of $800,000 due to the expiration of statutes of limitations, and income from foreign currency exchange rate fluctuations of $500,000. Third-quarter operating profitability and net income adjusted for the non-cash items listed above was near even as the company moves closer to its goal of profitability.
Net sales for the third quarter of 2012 were $43 million, a decrease of 14.8 percent, compared to $50.5 million in the third quarter of 2011. Net sales for the U.S. and Canada declined 16.3 percent to $20.5 million, compared to $24.5 million in the third quarter of 2011. International net sales of $22.5 million decreased 13.5 percent, compared to $26 million in the third quarter of 2011. View the full press release online.
Medifast, parent company of Take Shape for Life, announced its financial earnings for the third quarter of 2012. Net revenue increased 20 percent to $91 million from net revenue of $76.1 million in the third quarter of the prior year. Each of the company’s three primary distribution channels, Take Shape for Life, Direct Response Marketing and Medifast Weight Control Centers and Wholesale Physicians, contributed to this year-over-year revenue increase. Revenue in the direct sales channel, Take Shape for Life, increased 20 percent to $55.6 million in the third quarter of 2012 compared to $46.4 million in the same period last year. Growth in revenue for Take Shape for Life was driven by increased customer product sales as a result of an increase in the number of active health coaches and an increase in the monthly revenue per health coach. The company ended the third quarter with approximately 10,800 active health coaches and the average revenue per health coach per month for the quarter increased 3 percent to $1,634 compared to $1,585 in the third quarter of 2011. View the full press release online.
Nature’s Sunshine Products recently reported its third-quarter financial results. Net sales were $91.2 million, compared with $91.1 million in the same quarter a year ago, an increase of 0.1 percent; however, net sales increased 2.1 percent in local currencies. As of Sept. 30, 2012, active managers worldwide were 28,700, an increase of 1.8 percent from Sept. 30, 2011, while active distributors and customers worldwide were 656,800, a decrease of 3.7 percent from the end of the quarter a year ago. Operating income was $8.7 million, compared with an operating loss of $5.1 million and pro forma operating income from continuing operations of $9.6 million (excluding contract termination costs) in the same quarter a year ago, a decrease of 9.7 percent year-over-year. For the first nine months of the year, net sales were $277.1 million, compared with $275.8 million in the same period a year ago, an increase of 0.5 percent; however, net sales increased 2 percent in local currencies.
Net income was $20.9 million, compared with net income of $10 million and pro forma net income of $19 million (excluding contract termination costs) in the same period a year ago, an increase of 9.9 percent year-over-year. In the U.S., net sales were $33.7 million, compared with $33.5 million in the same quarter a year ago, an increase of 0.5 percent. Net sales for core products increased by 1 percent, but were partially offset by the discontinuance of non-core products. Active managers within NSP U.S. totaled approximately 5,300 and 5,600 at Sept. 30, 2012 and 2011, respectively. Active distributors and customers within NSP U.S. totaled approximately 191,500 and 210,300 at Sept. 30, 2012 and 2011, respectively.
Synergy WorldWide, a wholly owned subsidiary of Nature’s Sunshine Products, Inc., reported net sales of $26.3 million, compared with $24.5 million in the same quarter a year ago, an increase of 7.1 percent. In local currencies, net sales increased 13.1 percent compared to the same quarter a year ago. Active managers within Synergy Worldwide totaled approximately 3,200 and 2,600 at Sept. 30, 2012 and 2011, respectively. Active distributors and customers within Synergy Worldwide totaled approximately 89,100 and 85,000 at Sept. 30, 2012 and 2011, respectively. View the full press release online.
Primerica announced its financial results for the third quarter of 2012. Total revenues were $299.1 million in the third quarter of 2012 and net income was $45.6 million. Operating revenues increased by 7 percent to $295.2 million in the third quarter of 2012, compared with $276 million in the third quarter of 2011. Net operating income grew by 21 percent to $45.1 million in the third quarter of 2012, compared with $37.3 million in the third quarter of 2011. The size of the company’s life-licensed insurance salesforce was 91,506 at Sept. 30, 2012, up modestly from 90,868 at June 30, 2012.
There was downward pressure on recruiting in the second and third quarters as the company placed more focus on licensing initiatives, which improved the percentage of new recruits obtaining a license in those quarters. Lower sequential recruiting levels in the second quarter and a 3 percent decline in recruiting in the third quarter from the second quarter translated into 12 percent fewer new life licenses in the third quarter than in the second quarter of 2012. On a year-over-year basis, the life-licensed salesforce was down slightly from 91,970 at Sept. 30, 2011. Coming off the unusually high post-convention recruiting surge in 2011, recruiting declined 43 percent to 47,639, and new life licenses declined 17 percent to 8,613 compared with the third quarter of 2011. View the full press release online.
Stella & Dot won the Retail Innovation award for the 16th annual Accessories Council Excellence Awards. The company was also listed as No. 11 on the “100 Fastest Growing Private Companies in the Bay Area” list, published in the San Francisco Business Times.
Stream Energy is working to assist low-income families this winter with a donation to the Fuel Fund of Maryland. The donation will help families in distress with their heating and energy needs. The company has provided electricity services to customers in Maryland since 2011.
Direct Selling on Wall Street: Despite Challenges, Companies Post Record Q3 2012 Results
As the United States continues to emerge from the effects of the global recession, direct selling companies are seeking—and, in many instances, capitalizing on—opportunities for growth and expansion in the U.S. and abroad.
Of those companies to post strong results for third quarter 2012, Herbalife, Nu Skin andUSANA were among those publicly traded direct selling companies to report record-breaking figures.
Herbalife reported record third-quarter net sales of $1 billion, a 14 percent increase year over year; and Nu Skin announced record third-quarter results with revenue of $526.2 million, a 23 percent improvement over the prior-year period. Additionally, USANA’s net sales for the third-quarter 2012 increased by 15.1 percent to $165.2 million.
Although such results are not representative of the entire industry, they are indicative of the steady growth various companies across the channel have experienced in recent months.
“We truly believe, as direct sellers, we’re at the right place at the right time,” said DSA President Joe Mariano. “We’re an industry that clearly thrives on better service, consumer education and opportunities that aren’t necessarily available to the rest of the market. We’re centered on the fact that people trust what we do and share a passion for what we do and that’s something unique.”
In many ways, this uniqueness that defines the direct sales channel proffers an advantage as companies look to enter the public market.
“As more and more direct selling companies continue to do well in the public market, that will be great for the overall industry and attract more investors,” said Rodney Clark, Managing Director and Co-Head of U.S. Consumer Investment Banking with supplier member Canaccord Genuity Inc. “The model has worked extremely well and growth is strong. As direct selling companies mature, they have to find ways to continue their growth, whether it’s through new products or distribution or expansion to new markets.”
While financial gain is most commonly viewed as the distinct advantage to going public, for many companies—particularly direct selling companies—another key benefit is an increased public awareness of the company as well as the business model itself.
“There is somewhat of an education element present in that people who don’t know much about the direct selling model might have picked up on the bad case studies that are out there and based their opinions on those instances,” Rodney said. “The direct selling industry is going to have to distance itself from those cases over time. It’s very similar to what’s happened in the nutrition industry. There was once a lot of turmoil but, in that industry, we’ve seen a lot of strategic big deals. Just like the nutrition industry, as direct selling gains traction, investors will become more astute to the fact that this is a highly productive channel.”
Even when negative coverage of the direct sales channel is not making front-page news, broad-sweeping generalizations, however inaccurate they might be, pose challenges to direct selling companies looking to break into the public market.
“The industry has had some challenges in the public’s eyes so valuations aren’t very rich right now,” Rodney said. “It’s been a little challenging for direct sellers to attract new investors because there’s been a spotlight on the industry and there hasn’t always been a positive tone in some of the coverage that’s out there. But, what companies are showing coming out of the recession is that many are getting the right products and services into distributors’ hands and are seeing strong growth. These business models are fantastic and if you’ve got the right products in the right hands and distributors who are excited and engaged, you can post positive results.”
As direct selling companies new to the public sector face a number of challenges including legal and accounting fees, Securities and Exchange Commission reporting requirements and pressure to increase earnings, it is important to recognize that the greatest challenges are often those that companies face internally.
“Abstracting from the direct selling industry and looking at the broader market, any company can face challenges in the spotlight, but that doesn’t necessarily mean that the rest of the industry isn’t doing well or shouldn’t be viewed favorably,” Rodney said. “The challenges could be company-specific, such as management issues. Overall, the industry is a strong industry and for the companies that are well-managed and on trend, they’re firing on all cylinders in the public market and even experiencing a great deal of international growth.”
This week we have Network Marketing news coming from all over the world, DubLi Network, ACN, AdvoCare, Viridian Energy, The Traveling Vineyard, Ava Anderson Non-Toxic, Essential Bodywear, Stream Energy, Stella & Dot, Mary Kay, MonaVie, Nu Skin, and Shaklee.
DubLi Network #1 eCommerce Network Marketing Company Worldwide
DubLi Dream Days Dubai – Exclusive Event Package
DubLi Dream Days Dubai was billed as the greatest business event in DubLi history. It not only lived up to this expectation, but far surpassed it! Over 1,000 top leaders from more than 25 countries around the world converged on Atlantis, The Palm in Dubai for this life-changing event. DubLi Founder, President and CEO Michael Hansen opened the meeting by saying, “Whatever your greatest expectations were for this event, they will be far exceeded! You will see systems and technology that you didn’t even know had been invented.”
The meeting featured world-class training, motivation, and information, including a myriad of announcements unparalleled by any other company in business today. Most companies would have built complete events around just one of the announcements that were made; DubLi made more than 20 such declarations! Some of these landmark announcements included… (Read the full story here)
ACN will be hosting its International Training Event in Charlotte, N.C., at the end of September. The company is expecting nearly 20,000 independent business owners to attend. Attendees will receive training and hear from motivational speaker John C. Maxwell. The last two ACN events that have been hosted in Charlotte have been estimated to generate $13.8 million for the local economy.
AdvoCare recently announced it is the new title sponsor for the November NASCAR race at Phoenix International Raceway. The race will be called the AdvoCare 500 and take place on Nov. 11, 2012.
Ava Anderson Non-Toxic has been chosen as the next Spanx Leg Up winner. The direct selling company will be featured on the Spanx website and in the Holiday Spanx consumer catalog.
Essential Bodywear is supporting National Breast Cancer Awareness Month by donating $2 to the Pink Daisy Project for every “Jacqueline” wire-free bra sold in October. The donation will be doubled if the goal of 2,000 bras sold is reached. The Pink Daisy Project is a nonprofit organization dedicated to helping women facing the hardship of breast cancer treatment by providing housecleaning help, gift cards for necessities such as groceries and gas, assistance with prescription drug costs and more.
The Mary Kay Foundation awarded $3 million in grants to 150 domestic violence shelters in recognition of Domestic Violence Awareness Month, taking place in October. Each shelter received a $20,000 grant to maintain critical services and programs for women and children who are survivors of domestic violence. Through its annual shelter grant program, the foundation has now provided a total of $31 million to domestic violence organizations since 2000.
MonaVie will begin its “Get a VIEW” city tour in October, featuring the new MonaVie VIEW Antioxidant Scanner. There will be more than 30 stops throughout the U.S. and five in Canada.
Nu Skin recently announced plans to triple its number of stores and sales support centers in China by 2017 and expand its direct selling coverage and distribution model to generate higher levels of market penetration.
In additional company news, Nu Skin has been able to expand its charitable work in 2012:
The Nu Skin Force For Good Foundation was able to start work on a new educational center being built in Vanua Leva Island, Fiji, with the help of a new partner, Seacology; open the Nu Hope Library, which was donated to the children of Chungbuk Province in South Korea; and donate a vehicle to The Center for Children’s Mental Healthcare in Japan, which was established to help the children who were affected by the Tohoku earthquake last year.
The Nu Skin Foundation has donated more than $900,000 in grants to charitable projects; has been able to open 10 children’s libraries; helped 77 children receive life-saving heart surgeries; given more than $16,000 for the “Lunch Box Delivery” program, which brought needed meals to children and senior citizens in Korea; and issued 56 scholarships through the ETC scholarship program.
Nu Skin’s “Nourish the Children” initiative was also able to deliver almost 10 million donated meals of “VitaMeal” to some of the countries that need it most, including Russia, South Africa, Malawi, China, the Philippines, Thailand, Guatemala, Haiti, El Salvador and Fiji, as well as to impoverished areas within the United States and Canada.
These charitable works are all made possible through the donations of Nu Skin customers and distributors.
Shaklee recently held its annual convention in Las Vegas with more than 6,000 attendees. Inspired by information provided during a keynote by Dr. Jamie McManus, conference attendees committed to losing a combined total of 72,855 pounds in the 90 days following the convention.
Stella & Dot recently launched a capsule collection of signature jewelry and accessories to celebrate National Breast Cancer Awareness Month. For each piece purchased during the month of October, all net proceeds will benefit the Noreen Fraser Foundation, a nonprofit organization with a mission to raise funds for women’s cancer research and awareness of the importance of early detection.
Stream Energy has been named a finalist for a Platts Global Energy Award. The company is contending for the Corporate Social Responsibility Award in the Stewardship Award category. This is the second year in a row in which Stream Energy is being recognized for its charitable work on behalf of Captain Hope’s Kids, a not-for-profit advocacy organization for homeless children in the North Texas region. Winners of the 2012 Global Energy Awards will be announced at a celebration on Nov. 29, 2012, in New York City.
The Traveling Vineyard recently announced the creation of a new federal bonded and licensed winery facility in Buellton, Calif., in the Santa Barbara County wine region. This will be the second winery location for the company.
Viridian Energy recently held its third-annual PowerUP! convention in Atlantic City, N.J. Key announcements at this year’s convention included foundational growth plans for Viridian, product expansion, a new business management platform and new training programs.
Dallin Larsen, has been one of those leaders who throughout the last few years has played a role in my life as a distant mentor. He has also been one of those CEO and Founders who when I had questions or concerns has always taken time to listen and respond. I think his words below are something all distributors in network marketing can gain some wisdom.
When I was a young boy, probably 13 or 14, I became convinced, through a friend, that if I invested $100 in some US Bonds as part of a “get rich quick” program spreading through my hometown, that I would make $10,000 over the next 30 days by placing my name on the bottom of a list. Daily, as others got involved, my name would be moved up the list and, within four short weeks, I would begin receiving checks in the Larsen family mailbox in Rexburg, Idaho. I was so excited!
So, I took the $100 out of my savings account, which represented most of my savings from mowing lawns and delivering papers, and jumped in. I was going to get rich! I still remember to this day my dad saying something along the lines of, “Oh boy, looks like you’re going to have to learn at a young age what a Ponzi scheme is. My advice is not to do it, but sometimes you have to learn life lessons from your mistakes.” Thirty days later, I was dejected when, with each passing day, I would go out to my mailbox and no checks were there. I felt foolish, stupid, and upset that I didn’t heed my father’s advice. And I was equally upset at the person I trusted who led me down the wrong path. As part of this teaching moment, my mom said, “Dallin, if it sounds too good to be true, it usually is.” I decided then and there that I’d never again fall for another get rich quick scheme. $100 was a lot of money back then to a young teenager.
Recently, another exciting venture may have crossed your path, promising riches within weeks. Some may have been lured into what will undoubtedly not be the last “get rich quick” scheme coming to your city or state. People are desperate and need money; I understand that completely. However, my strongest advice is to stay away from such promises; for, in the end, they undoubtedly all get shut down, leaving scores of families with broken dreams, shattered relationships, and diminished savings or credit card debt. We each have a certain amount of credibility. When we steer people into questionable opportunities, however well intended, that credibility is diminished, rarely to be fully regained. Be wise, my friends. Your credibility depends on it. With that being said, I’ve certainly made my share of mistakes in life and am grateful for those who gave me the room to grow from those mistakes. I encourage all of us to offer that same room to others.
In contrast, MonaVie is a solid company with a legitimate product that is consumed and reordered. We have an A+ rating (the highest rating possible) with the Better Business Bureau. For almost eight years now, we’ve paid commissions each and every week without fail. I’ve never said that MonaVie offers a get rich quick program. I’ve stated over and over again that it takes time, effort, commitment, and hard work to become financially independent in MonaVie, but it’s proven to be possible for those willing to create the character traits and skills necessary for extraordinary results. MonaVie is a company you can plant yourself in and grow. I left the office one day this past week, called my wife Karree, and told her I felt better than I’ve felt in years about the next chapter for MonaVie. My friends, our future is bright.
I want you to know how proud I am of those who have been in the trenches; those who were on the recent Cruise for Gold trip, being rewarded for their efforts in advancing to the rank of Gold Executive. I’m proud of the moms and dads who are putting on Home Business Reviews. I’m proud of the folks who shared their life changing product stories with me recently in Cleveland, St. Augustine, and New Jersey, as well as on Cruise for Gold. I’m proud of those who are trying to live their lives with God, Family, and MonaVie, in that order. Karree and I are looking forward to being with you in Anaheim! Once you are introduced to VIEW and how we will be proving the value of the MonaVie products, along with our other initiatives, I believe you’ll agree with me when I say that our future is bright!