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10 Random Facts About Me

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To kick of the re-launch of this blog, here are some random facts about me and my life:

  1. My first trip abroad was to Sweden. It was just a few hours drive, and quite similar to Norway where I grew up, but I still loved it.
  2. My first trip abroad alone was to England when I was about 12 years old. I went to a tennis camp and had one of the best summers ever.
  3. In 1992 I served in the Norwegian army and it was wet, cold and dark most of the time. That created a desire to go to University in place that was warm and nice. And the following year I on a plane to Hawaii where I got a degree in business (yes, really)
  4. My wife is from Brazil and hates cold weather. She must love me a lot since we are currently living in Norway
  5. My son’s name is Leonel Alexander Da Silva Fernandes Vatne. Try filling that out in the small landing cards they give you on the plane.
  6. I once had a business partnership with the legendary soccer player Pele. I wish I could say it was a successful one – it wasn’t – but I would probably do it again if I got the chance.
  7. In 2010 I met a guy online who showed me how he was able to travel the world and make money at the same time. I thought it sounded to good to be true, but flew 10 hours to see him anyway. That changed my life.
  8. Ever since I was quit young people have wanted to me to speak and present and told me I am great at it, but I still get nervous every time. It doesn’t really matter if it’s 4 people or 4000 people in the audience.
  9. My resting heart-rate is about 40 beats per minute.
  10. I love being a dad more than anything in the world.
Hey, don’t interrupt us.. we ‘re working!

New Direction For This Blog

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When I registered globalnetworker.com many years ago, the idea was to build it into a leading news site for the network marketing industry.

That clearly did not happen and today there are numerous other web sites that do a good job of servicing that need in the market place.

So, instead of having this site be about the industry as a whole, I have decided to use the domain to document my personal experiences as I travel the world while building my network marketing business. Along the way, I will share the tactics, strategies and and specific skills that have been useful to me –  and will surely be of value to you as well.

I’ll open the door to my biggest failures as well as to the success. I’ll share what is working right now and also what I believe will be the best practices of tomorrow.

Thanks for stopping by. I look forward to sharing this journey with you!

Cerberus to invest $600 million in Avon

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According to the Wall Street Journal, Cerberus Capital Management LP is nearing a deal to buy 80% of Avon Products Inc.’s North American business, and nearly 17% of the parent company.

Cerberus will pay $170 million for the North American business, and an additional $435 million for the stake in the parent, which had a market value of $1.8 billion.

As part of the agreement, Cerberus will take three seats on Avon’s board of director and designate a new chairman.

 

Avon has been struggling globally and the North American business has seen sales falling steadily over the past seven years.

World-wide, Avon’s revenue declined 19% in the first nine months of 2015 to $5.3 billion.

Source: Wall Street Journal

Direct Sales grew over 16% in Italy this year

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According to Italian direct selling association AVEDISCO,  its member companies grew 16.17 percent in the first nine months of 2015. The total sales were more than 418 million Euros.

This is great news for our industry and a country that is struggling financially. ASAVEDISCO believes that its members have provided 151,265 individuals an opportunities to become self-employed in 2015 by becoming sales representatives.

The ‘Clothing and Textiles’ category had the biggest growth with an increase of almost 30%, followed by “Nutritionals” which  increased  nearly 20% from the previous year. ‘Services’ and ‘Home and Durable Goods’ improved by more than 16% and 11% respectively.

 

Next companies to hit $1 billion in annual sales

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According to Direct Selling News there are now several companies on track to break the $1 Billion barrier by year end. These companies include:

• ACN
• Team Beachbody
• doTERRA
• Isagenix
• It Works!
• Jeunesse
• Stream
• Shaklee
• USANA
• WorldVentures
• Young Living

 

They are set to join a very elite club. The only network marketing companies to hit this milestone already are:

  1. Amway
  2. Avon
  3. Herbalife
  4. Mary Kay
  5. Vowerk
  6. Natura
  7. Infinitus
  8. Tupperware
  9. Nu Skin
  10. JoyMain
  11. Ambit Energy
  12. Belcorp
  13. Primerica
  14. Tiens
  15. Telecom Plus

Most of these companies have been around for decades and as you can see it’s just 15 of them. Now we’re set to almost double the number of Billion dollar giants so clearly the network marketing INDUSTRY as a whole is gaining momentum!

Juha Parhiala Top Earner in OneCoin Scam

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The top news site for network marketing – Businessforhome – just reported that Juha Parhiala earns $1.5 million right now with OneCoin, making him the Top Earner in that “deal”.

While Juha is being celebrated and promoted by Businessforhome, let it be stated for the record that we believe OneCoin is a scam that should be shut down asap.

It does not have any resemblance to a legitimate network marketing company and we predict it will crash and burn. Hopefully sooner, rather than later.

For now that’s all from us about OneCoin. We’ll write a more in depth article later, if the “company” is still around.

Remember that while Ted Nuyten, Troy Dooly and other MLM “experts” wrote positive news reports about Zeekrewards, we warned about it on globalnetworker.com

We were right then and we are right now.

Stay away is our clear recommendation. And if you’re already in, sell while you can and never join these stupid deals again.

 

Randy Gage Leaves Agel

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Generic MLM trainer and Network Marketing Superstar Randy has resigned as a distributor for Agel, apparently because of payout issues.

This is the last leader of many to leave. Back in the day, Agel was force to be reckoned with and had Randy Gage, Randy Schroeder and Eric Worre leading the distributor network. Now they have all left along with names such as Ann and David Fenstein, Bruno Griles and Chanida Puranaputra.

The future looks very bleak for Agel. Be surprised if the company is still in business in 24 months.

Alex Morton Leaves Vemma

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This is probably the biggest “buzz” in the network marketing world right now: Alex Morton leaves Vemma and goes to Jeunesse. It comes as a BIG surprise because Alex is the guy that has spearheaded the growth of Vemma in the last few years in North America.

Clearly this is a “messy divorce” and the accusations are flying back and forth. One of them is that Alex got a big deal and a huge sign-up bonus, which is probably true. He is not the first one to get this and will not be the last.

The more interesting question is, “will Jeunesse’s momentum last?”

Probably not. Look at what happened with Monavie, a company that grew like crazy, fueled by leaders from other companies who got sweetheart deals. They are gone now.

It is also interesting that Alex – who has a team of mostly people under 30 – move to a company where the main product is anti-ageing.  That does not seem like the best match. Time will tell, but our prediction is that in 5 years from now Alex will still do great in Network Marketing, however it will not be in Jeunesse.

 

Lyoness under investigation in Norway

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On December 9th, The Norwegian Gaming Board put out a press release that they have launched an investigation into Lyoness.

The investigation comes after a lot of concerned people have contacted  the Gaming Board and asked about the legitimacy of the company.

The Gaming Board has received information that it costs 20,000 Norwegian kroner (more than $3000) to join Lyoness. They are also concerned that members’ commissions mainly come from recruiting of  members and not from the sale of goods and services.

In a letter addressed to Managing Director of Lyoness Norway, Mr. Terje Duesund, the company is asked to provide a lot of information including:

– The difference between being paid membership and free membership

– The number of members in total, paying and free members

– Bonus and commission system , including the turnover of the company split the revenue types

– Information about the products being sold

– Evidence of how that the turnover of the company in Norway in particular is due to the sale of products and not referral (of new members)

Lyoness have been given three weeks to respond to the Board’s request for information.

Herbalife wins court case in Belgium

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In a Belgian appeals court ruling yesterday, Herbalife was cleared of allegations that the  company operates an unlawful pyramid scheme.

This judgment overturns a previous ruling by the lower court, in response to claims brought by Belgian consumer organization Test-Aankoop, that Herbalife was operating a pyramid scheme.

The court ruling, says that Herbalife’s sales model is in “full compliance with the law.”

The news is of course great news for investors as shares went up $4.80, or 6.7%, to $76.65. So far this year Herbalife stock is up more than 130%.

 

http://www.latimes.com/business/la-fi-herbalife-ruling-20131204,0,7021595.story#ixzz2mXBymvS1