( NYSE:NUS ) is in fact operating an illegal MLM in China. This is not an MLM debate like Herbalife Ltd. ( NYSE:HLF ) this is a matter of fact. IfNu Skin Enterprises, Inc. ( NYSE:NUS ) were to have just the same multiple asHerbalife Ltd. ( NYSE:HLF ) the stock is worth $67, if you eliminate China the stock would be under $30. Read the report for the dirty details. Nu Skins corporate actions Its been a year since Citron explored the corporate actions of Nu Skin ( NYSE:NUS ), the Utah-based MLM Company most dependent on revenues and growth from Mainland China, while operating an illegal pyramid scheme. In the intervening year, Bill Ackman focused attention on the legal jeopardies of the MLM model with regard to FTC regulation within the United States with his critique on Herbalife and introduced a debate on the legality of MLM. As tweeted in the past, Citron was long Herbalife Ltd. ( NYSE:HLF ) and most importantly readers must understand that not all MLM are created equal Ackman just bet on the wrong horse. A year ago, while on a CNBC debate, Deutsche Bank analyst Bill Schmitz defended Nu Skin, claiming that even if China might have some issues that made all of China disappear from Nu Skin Enterprises, Inc.
MLM Business : Can an MLM Business Really Pay Out?!
You can follow her @Jody_ChicCEO and Chic CEO on twitter at @ChicCEO We recently sponsored an event at a local university on the topic of women and mentorship. There was a panel discussion that looked into the way that 3 different large organizations have implemented mentorship programs. We discussed the difference between having a sponsor, meaning someone that literally helps move your career along and a mentor who has the roll of helping you through advising and coaching. It was nice to hear that so many organizations have programs and a top-down approach that helps with employee retention and well-being as well as personal and professional growth. After the event, I met a friend for dinner and tried to describe the purpose of the event and something she said struck a chord. She said something along the lines of, So mentorship within an organization is kind of like an MLM, right? At first I was confused but when I thought more about what she said, I realized that mentorship is one of the reasons that the multi level marketing (MLM) business model is so successful. Mentorship and coaching are important in all aspects of life and if you look around at the most successful people, I bet 9 out of 10 of them have or have had a mentor. Multi level marketing businesses have built it right into the business model. Brilliant! (When used.) A multi level marketing business model starts with a product or service that one person sells, then they bring on a team below them that also sell the same product or service, and receive a commission on all of their teams sales. The cycle continues until there are multi levels of people all benefiting from a single sale. This not only helps entice the top-tier level sales people to coach and mentor the lower-tier levels but it proves the importance of having someone to learn from, ask questions to and someone that is personally invested in their success. Ask anyone who has every been successful in an MLM based business and they will most likely tell you that topline mentoring was a major factor in their success on the other hand, ask someone who hasnt been successful and theyll probably tell you they had zero support.
Martin Marietta Materials Upgraded to “Neutral” at Zacks (MLM)
Zacks currently has $99.10 price objective on the stock. Martin Marietta Materials ( NYSE:MLM ) traded up 1.18% during mid-day trading on Tuesday, hitting $97.55. The stock had a trading volume of 113,595 shares. Martin Marietta Materials has a 52-week low of $80.42 and a 52-week high of $113.65. The stocks 50-day moving average is $97.19 and its 200-day moving average is $101.2. The company has a market cap of $4.511 billion and a price-to-earnings ratio of 45.61. Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.14 by $0.25. The company had revenue of $562.70 million for the quarter, compared to the consensus estimate of $596.80 million. During the same quarter last year, the company posted $0.92 earnings per share. Martin Marietta Materialss revenue was up 3.1% compared to the same quarter last year.
Fitch Affirms Martin Marietta Materials’ IDR at ‘BBB-‘; Outlook Stable
The link between illegitimate MLM schemes and Ponzi schemes is what I hope to explain through this article. DON’T MISS! — Why EPF, PPF are Ponzi schemes! In a legitimate MLM scheme, a company appoints independent distributors, who are not employees of the company. The products of the company are sold to the distributors, who not only sell these products to make a profit, but also appoint more distributors and so the cycle goes on. In a legitimate MLM scheme, like Amway and Avon, the returns are from the commissions of one’s own sales, commissions on the joining fees of the new distributors that one recruits, the commissions of sales of those one recruits and their recruit dependants. An illegitimate MLM scheme is effectively a Ponzi scheme. Much like the chain letter schemes that most of us must have encountered during some point in our lives. In an illegitimate MLM scheme, the company goes about appointing distributors, but the catch being that the products the distributors buy rarely get sold.
Multi-Level Marketing (MLM) “The naked truth revealed”
M.L.M is a business model that has been around for decades, and lots of the companies we see every day are actually MLM firms, only you just don’t realize it. Companies like Amway and Mary Kay do not have a bad reputation , they generate billions of dollars for their representatives every year and have no debt, unlike plenty of other major companies. That’s not to say there aren’t some bad MLM corporations around, but they do not last long. Look at MLM from a practical standpoint. Once you have selected an MLM opportunity that is of interest to you, you pay an one off buy-in fee, and then quickly find suitable mlm coaching. It is a great way to work at home. But I Know Nothing about Managing a Company If you don’t know a lot about managing a business, sign up for some mlm coaching that can help you get started quickly and show you the ropes. As a business venture, M.L.M potentially is the least complex to get into. All you really need is a personal computer, hard work, dedication and time to work hard at your business. Any business start up requires an enormous amount of work to start, you can run your MLM business from the comfort of your own home, in your pajamas if you like, and do it when you want to. If you’re an early riser or a night owl, while you are working on the world wide web at least half the world is awake. That’s not to say that you won’t have to learn plenty of things when starting out, but that is why you have your mlm coaching. OK I’m Sold, Now What Do I Do?
MLM law must be made imposable
Add to Sign in to YouTube Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to add Angela Hardy’s video to your playlist. http://angelamarketing.com/?t=MLMbiz You are online to investigate further MLM business. Can an MLM business really earn you a decent enough income to make your effort worthwhile? Does running a network marketing business really make sense? As I explain in this video, whether you can earn an income from an MLM business opportunity really depends on several factors. First of all you need to ensure you are with a reputable, stable MLM company. Your mlm business plan should certainly start with choosing the right company! There are so many MLM home based business opportunities it is important that you choose one which is a good ‘fit’ for you. http://angelamarketing.com/?t=MLMbiz It is also really important to your chance of success in your MLM business to ensure you are working within a supportive team who will provide you with support and training when you are just getting started. Any successful MLM business person started out somewhere, everyone needed support and an MLM business plan at the beginning.
MLM Opportunities Guide
In fact, any law is worthless if not followed up with strict enforcement The government has passed the Multi-Level Marketing Activities (Regulation) Bill-2013 to put an end to MLM companies using the pyramid scheme to fleece people out of their money. Numerous people have already become victims of such schemes, and lost vast sums. The companies guilty of swindling these people must be held accountable and the victims should have their money returned to them. While we are happy to see this piece of regulation being passed, we must reiterate that merely having such regulations is not enough. In fact, any law is worthless if not followed up with strict enforcement. Up until now, there had been no regulation in place to put a check on such fraudulent activities. Thus, a number of companies had been able to take advantage of the situation, allegedly procuring licences through secondary parties, marketing substandard products, violating packaging rules and charging exorbitant prices for their products. These companies need to be charged with these crimes and punished accordingly. Likewise, more should be done to prevent such scams in the future. The only way to ensure this happens is for the MLM law to be fully implemented, allowing no room for corruption, and for all guilty companies to be held accountable.
One reason people are confused about MLM businesses is that they aren’t sure what they are. Multi Level Marketing companies are those that give a percentage of the money each person earns to the person that recruits that person into the company and a portion to the person who recruited the person in the second tier and so on. MLM opportunities are actual businesses that sell products, usually through house parties or catalog sales. They have gotten a bad rep because some people have lumped them in with pyramid schemes, which are elaborate scams that are in no way related to legitimate MLM opportunities. A pyramid scheme makes money by having each new group of people joining the scheme pay into a pool, which is divided up into different percentage amounts for each tier of the scheme that joined before the newcomers. Eventually, the people who started the pyramid will leave, taking most of the money with them or people will stop joining the bottom tier, causing the scheme to collapse. Reputable MLM businesses include well known brands like Avon, Creative Memories and Southern Living at Home. Tips for MLM Success Some people are highly successful with MLM businesses and others make little or no income. There are a few things anyone who wants to start one of these businesses should consider before making his or her final decision. Before choosing an MLM company to sell for, the prospective new business owner should do a bit of research on the competition. Are there already nine other people selling the same products locally? Does the company sell the products directly to consumers through a website as well as having people sell them locally?
My Fun Life MLM Official Launch is Now Less than One Week Away
ET My Fun Life MLM Official Launch is Now Less than One Week Away Text Thousands of People are Already Pre-Registered for the Program, which Will Train People on How to Build a Smart Phone App Business MELBOURNE, Australia, June 4, 2013 /PRNewswire-iReach/ — http://www.nexopia.com/users/mlmfoolish/blog/5-multilevel-marketing-how-to-avoid-building-the-pyramid My Fun Life MLM, a new multi-level marketing system that can help people earn a significant passive income from home, is about a week away from its official launch. A young man named Jacob is a founding member of My Fun Life MLM; he wants to help others create a successful smart phone app business within the MLM business model. Through his BIZZAMBO distributorship and an online teambuilding system called The Instant Downline, people will get access to an automated and free team recruitment system that was designed exclusively for My Fun Life MLM. (Photo: http://photos.prnewswire.com/prnh/20130604/CG25774) During the My Fun Life MLM pre-launch time period, thousands of people have pre-registered for the system. Those who are interested in securing a founding position are still welcome to register before My Fun Life MLM officially takes off. In recent years, multi-level marketing systems have grown rapidly in popularity. As the economy continues to struggle in many parts of the world, many people are becoming interested in learning more about MLM systems and how they can help them earn residual income by working from home. As an article about the My Fun Life MLM compensation plan explains, participants need just 12 people in their company in order to get back their monthly investment of $21; in essence, this will allow them to be part of the program for free. By using the power of something called the 3×10 Forced Matrix, people can build a successful system that can pay out an often impressive amount of income. “A problem that other matrix compensation plans have is that if a member in the matrix drops out… that position’s money making ability is lost… Not with the My Fun Life MLM,” Jacob wrote in the article, adding that in the event that someone discontinues their membership, the positions below their position will “compress”.
The Correlation Between MLM Success and Mentorship
Common characteristic of MLM products is the significantly long period before visible signs of effectiveness appear. By the time MLMers realize this product scam, they would have already pitched it to at least 20 other people, a little too late for regrets. In the first place, MLMers pitch always starts and ends with money, hardly any mention and/or knowledge about the products. These products serve primarily as a trade-tool for monetary transactions and ultimately, it is just a game of passing the bag around. No doubt successful companies like TupperWare and Amway made their mark through MLM, the only difference is that these companies had really good products. How can one be successful in selling something which he/she doesnat believe in? Since MLMers only believe in money, forget about the products, Im just going to set up my own MLM selling money a aPay me $500 now, and I will give you the rights to pitch this to 5 other people, and you get 5% commission per level downa. Taking the average statistics of typical MLM companies, the bag will have to be passed on to people at least 7 layers down in order to break even. Driven by greed and the false hope of quick bucks, MLMers force themselves into the mindset that they wont end up holding the bag. Joining MLM is a very stupid thing one can get himself in, and the only way to exit is to find somebody more stupid than you, to pass on the bag to. Each time the bag is passed on to the next, the risk of losing significantly increases. Ironically, MLMers instinctive prey usually comprises of friends, relatives and family a the people they really care and love for.
Beware of Ponzi, MLM schemes!
The company was slightly FCF negative during 2012 ($2.1 million), which included about $35.1 million in business development expenses related to its hostile bid for Vulcan. For the LTM ending June 30, 2013, MLM generated $34.3 million of FCF. Fitch expects the company will generate between $40 million-$75 million of FCF during 2013. MLM has taken a more cautious stance on share repurchases during the past few years. Fitch expects the company will refrain from making meaningful share repurchases until it is within its leverage target. The company has not repurchased any stock since 2007. MLM currently has 5.04 million shares remaining under its repurchase authorization. CREDIT METRICS MLM has been operating above its normalized target leverage of 2x-2.5x debt-to-EBITDA since 2008 and ended the 2013 second quarter with Fitch-calculated debt-to-LTM EBITDA of 3.1x. This compares to 2.8x during 2012 and 3.0x during 2011. Fitch expects this leverage ratio will remain above 2.5x through 2013 and will be within MLM’s target range during 2014. Funds from operations (FFO)-adjusted leverage also remains elevated at 3.8x for the LTM period ending June 30, 2013. Fitch expects this leverage ratio will improve slightly to 3.7x by year-end 2013.