Posted in Affiliate Marketing, Direct Sales, Herbalife, Home Business, MLM News

Breaking Network Marketing News for October 17th, 2014

Breaking MLM News for the week:

herbalife ftcLos Angeles based MLM company Herbalife will ban All USA Reps Personal designed marketing Websites and redirect them to a corporate website.

Mynt (MonaVie) launches a new energy drink called Jabu, based off of the superfruit jabuticaba.

Amway donated $10 Million Dollars to Stanford University for a study on how exercising to eating fresh produce can lengthen a human lifespan.

Join World VenturesWorldVentures DreamTrips Vacation Club Wins WorldTravel Awards. WV was named “Africa’s Leading Travel Club” for 2014. DreamTrips went up against other nominees, including Four Seasons Hotels, Hilton, Kenya Airways and Royal Air Maroc. WorldVentures recently celebrated the grand opening of a training center in Hong Kong.

Empower Network is moving from its own self-made blogging platform back to WordPress. (About time…)

Banner’s Brokers accounts frozen. Police in Canada say they were operating a pyramid scheme which “evolved into a straight ponzi scheme”.

Hope you guys enjoyed these MLM news updates… maybe I will start posting them every day or week depending how it goes. I just posted this over on my personal Facebook account and got a pretty good response.

Love ya’ll,

joe stewart, joey stewart, authorJoe Stewart

Call/text: 772-626-4271

Author of Create Your Own Economy

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Posted in Company Reviews, Direct Sales, Health and Wellness, Herbalife, Home Business, MLM Law, MLM News

Bill Ackman Believes That Herbalife Will Fail In A Years Time… Where Is The MLM Industry Headed?

Bill Ackman has made yet another claim about Herbalife Ltd. He recently spoke at Saiid Business School at the University of Oxford, talking on the subjects of investing in Herbalife, J.C. Penney Company, Inc. and Canadian Pacific Railway Limited.).

He has said that in all of his investment career, he’s had 24 wins, two losses and only one tie. At this point it’s unclear which category Herbalife falls into.

Here’s What Bill Ackman Had To Say About Herbalife

He once again predicted that Herbalife Ltd (NYSE:HLF) would go bust. This time, he put a time frame on it, although it’s a pretty big time frame.

“I’ll make a prediction,” he told the interviewer. “…This business will be shut down, this business will collapse, I can’t give you the precise date, but we will have made progress in that direction within 12 months.”

Ackman has been attempting to chip away at the company for almost a year now by calling it a pyramid scheme. In the interview at Oxford, he said that the company targets “unsophisticated, unemployed, low income” people, particularly those in immigrant communities. A number of lawmakers and leaders of organizations have come forward along with Ackman to urge regulators to investigate Herbalife, although they haven’t moved on it yet.

Ackman claims 99% of people lose money distributing Herbalife Ltd (NYSE:HLF). He believes there are about 50 people who make $5 million or $10 million a year and just a thousand who make a few hundred thousand a year from Herbalife. He also claims 3.6 million people lose between $300 and $30,000 or more by distributing the company’s products.

So why does Ackman remain convinced that Herbalife Ltd (NYSE:HLF) will collapse? He says it’s simple. He believes pyramid schemes eventually run out of “victims” and then collapse. He notes that the company increased its sales in the U.K. in the last quarter by 92% and said that it has found “a new immigrant population to go after” there.

According to Ackman, people think they have to buy $3,000 in inventory before they start earning royalties. He called it an “inventory loading scheme.” He suggests that it’s only a matter of time before the company runs out of people to target.

Bill Ackman vs Carl Icah: The Feud Continues?

Ackman also called out fellow activist investor Carl Icahn, who he’s been feuding with for a long time. The two hedge fund managers have been facing off over Herbalife Ltd (NYSE:HLF), with Ackman taking a major short position and Icahn going long. After Ackman announced his major short position last December, shares of the company’s shares started falling, but then Icahn got involved.

“So far so good, until Carl Icahn came along and bought 16% of the company,” Ackman told the interviewer. “Said I was totally wrong, and it seems like every day he goes on CNBC and says what a great company it is, and every time he says it, the stock goes up another couple of dollars.”

Carl Icahn blasted Ackman’s methods earlier this year, saying that there’s something wrong with him but that the activist investing model itself is why his fund performs so well.

You can read the original post here.

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