Saturday, May 31, 2014

After Flat 4th Quarter, USANA Director Unloads $722,884 In Stock

Dave Wentz, USANA, CEO
USANA Health Sciences (NASDAQ:USNA) Insider Kevin Guest sold 10,160 shares of USANA Health Sciences stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $71.15, for a total value  of $722,884.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares  of USANA Health Sciences (NASDAQ:USNA) traded up 0.06% on Thursday, hitting $72.31. 3,980 shares of the company’s stock traded hands. USANA Health Sciences has a 52-week low of $55.01 and a 52-week high of $92.00. The stock’s 50-day moving average is $73.1 and its 200-day moving average is $71.87. The company has a market cap of $1.007 billion and a P/E ratio of 13.32.
USANA Health Sciences (NASDAQ:USNA) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by $0.15. The company had revenue  of $182.40 million for the quarter, compared to the consensus estimate of $185.85 million. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that USANA Health Sciences will post $5.65 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of USANA Health Sciences from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $79.50 price  target on the stock. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $79.38.
USANA Health Sciences, Inc develops and manufactures science-based nutritional and personal care products.


Friday, May 30, 2014

Brazil economy in slowdown ahead of World Cup



Man holding Brazilian flag
Brazil hopes the expected 600,000 foreign tourists travelling for the World Cup will spur growth
Brazil's economy grew 0.2% in the first three months of 2014, official statistics show.

The Brazilian Institute of Geography and Statistics also revised down economic growth in the last three months of 2013, to 0.4%.
The sluggish growth figures come just before the start of the World Cup and presidential elections in October.
President Dilma Rousseff, who is seeking re-election, has said the football event will spur growth.
But high inflation and low business investment have put a damper on the expected lift from government investment in projects leading up to the sporting event.
This has spurred protests from Brazilians angry over the expense of the World Cup and the lack of trickle-down growth.
Business investment fell 2.1% in the first three months of 2014, the biggest decline in two years.
"I couldn't find anything positive at all in the [data]," said Bruno Rovai at Barclays.
Brazil, which is Latin America's biggest economy and the world's seventh largest, has suffered from stubbornly high inflation, which remains at 6%, above the central bank's target.
On Wednesday, the central bank kept its key interest rate at 11% in an effort to combat rising prices.


Eric Worre Interview



Wednesday, January 2nd at 6pm Pacific/9pm Eastern, I will be interviewingEric Worre.
Dial: 805-399-1000
Login Code: 336399
Eric Worre has earned over $15 million in Network Marketing and has a Facebook fan base of over 90,000 fans.
Eric is not only a top Network Marketer, but he can also be found at the top of affiliate marketing leaderboards these days.
We will dig deep into the reasons why he has had such great success online and offline.
If you miss the call, you can catch the replay at the Prosperity Factory Live Broadcast page.



VideoMakerFX Re-opens Today


The best selling product of all time on affiliate marketing site JVZoo is reopening today.
A few weeks ago I bought a software app that allows even the most “tech challenged” to create great videos.
Now, I use the app for my business about once a day. (Probably one of my best buys ever.) In fact, I estimate that this one app will save me over $2,000 a year in video production costs.
And I wasn’t alone in loving this, because this app became the best selling product of all time on JVZoo.
After the insane launch, they shut down to get a handle on all of the support and make some updates.
After over 1,000 requests, today they REOPEN with an updated version of the software. I’ve used the new version and it’s great…kind of hard to believe how fast the software creates a video and saves it to your desktop.
If you missed it the first time, you can grab VideoMakerFX right now.
Once you grab it be sure to send me a sample of your videos…I’d love to see what you put together!
Talk soon -
Ty Tribble
Here is a video I created with VideoMakerFX:



Amway India’s CEO William S Pinckney arrested by Hyderabad police



Amway India’s CEO William S Pinckney arrested by Hyderabad police
Amway India chairman and CEO, William S Pinckney was detained on Monday, when a consumer filed a complaint against the company. This is the second time the police took him into custody. William S Pinckney was arrested from Amway’s headquarters in Gurgaon by the Hyderabad – Kurnool police. Last year, during the same month, he was arrested by the Kerala police.
As per officials, Monday’s arrest is based on a consumer complaint alleging unethical circulation of money through Amway’s operations filed in the state in December 2013. The same was also confirmed by  Amway India.
In the official statement, Amway India said “This is a very unfortunate incident that our senior official is being taken into custody by the Kurnool Police. Amway, as a law-abiding corporate, has always followed law of the land, fully cooperated in all ongoing investigations and has been responsive to queries and documentation,” the company said.
Amway India officials also said that all the required information and documents were submitted to the investigating police officials. Amway also added that Amway had no prior information on this case and nor have we been approached by any investigating agency.


Pinckney and two company directors were released on bail the next day on alleged charges of cheating. All three officials are booked under the Prize Chits and Money Circulation Schemes (Banning) Act.


If A MLM Attorney Is Hired – Retained It Does Not Mean The Company Is Legal

Kevin Thompson, MLM Attorney
In this video, the MLM Attorney Kevin Thompson explains what it means when his firm, or an other MLM attorney is retained (hired) by a network marketing client.
Kevin Thompson is an MLM attorney, proud husband, father of three and a founding member of Thompson Burton PLLC. Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing.
Recently featured on CNBC with Herb Greenberg, Thompson is a thought-leader in the direct sales industry.
Kevin Thompson: "The fact that a MLM attorney is retained should never be viewed as an endorsement of the program".
There is a lot that goes one when a MLM Attorney working with a client and he makes it very clear that his name is never to be used in a promotional sense i.e. “We hired Kevin Thompson and he says we are a great company.”
He wants you to have a better understanding of what it means when a MLM attorney is retained by a client.
Watch this video to understand more.



John Haremza – Javita $14+ Million In MLM Career Earnings

John Haremza, Javita, MLM Top Earner
John Haremza lives in Fargo, North Dakota, USA is married 25 years to his wife Jana and has 2 beautiful daughters. John is the master distributor for Javita.
After he graduated high school, John got a job as a machine operator at the potato chip plant. When he was promoted to maintenance manager he thought that this $22,000 a year job was the best job he could ever hope for. Then he was introduced to Network Marketing and his life changed forever. 
John’s story is one of those American rags to riches, from adversity and obscurity to a life of dreams. Now after spending 25 years in network marketing John has earned over $14+ million in his MLM career. Over the past 25 years John helped his teams earn over $200 million in commissions.
Ted Nuyten had the honor to interview John Haremza:
John, walk me through your career in network marketing. How did you discover network marketing?
"As you know I have severe dyslexia which means I can’t read. I’m getting better now but all through grade school and high school this was a huge problem for me. I dreaded being asked to stand and read in class.
I still remember being asked to stand and read out loud in class and I would have to stammer and stutter my way through the passage. To this day I can feel the taunting of my classmates and the frustration of my teachers. I had no self-esteem, no self-confidence, and I just wanted to be invisible."
This is incredible particularly in view of the success you’ve had in this industry.  Your rags to riches story is an inspiration and a testimony to the life changing power of network marketing.
Yes, I truly believe that one of the contributing factors of my success is my story.  I believe that if I can do it, anyone can do it. Of course they must be with a company with all five elements in place. Anyone can do it if they are willing to stay focused, stay committed and consistent.
They must have faith that they will wake up one day and look back with amazement at how their life has changed.
How did you hear about network marketing? 
I was a blue collar worker in the Barrel of Fun Potato Chip plant in Perham, Minnesota.I had been promoted to maintenance manager. I loved my job. In fact, I believed I had the best job I would ever have. My family thought so too. Ironically, this was the first and last job I ever had.
A good friend invited me to come to his place one evening to look at a water filter business he was thinking about joining. I assumed he wanted me to check out the product or build a display. It did not even enter my mind that it would be about selling something.
I was amazed at what I saw that night. The suits from Minneapolis demonstrated a filter that turned the lake water from a murky grey to pristine drinkable water. I wrote a postdated check for $480 and bought four of them right there and then. When I got back to my trailer home my fiancé was not excited!
John Haremza Diamond Bonus winners
Did you know anything about network marketing back then?
I knew absolutely nothing, except that network marketing was one of those businesses where you make no money and lose your friends. This is how much I knew …..  there I was in the middle of winter selling water filters, in my spare time, door to door. I used the puppy dog close, “Try one for a week and decide if you want to keep it”. My brother saw what I was doing and wanted to join me.
I can remember it as clear as yesterday. I told him, “Ok, I’ll let you in but we need to make a pact between us that no one else is to know about it”. Back then, I thought why would I want to create competition? Imagine that Ted, here I am trying to build a business and I did not want tell anyone else about it. In fact, I wanted to keep it as my secret.
Well, obviously you figured it out. What happened?
What happened is very simple. I went to an event in Fargo ND. The speaker was Mike Nelson. I made it a point to meet him and told him that I would be knocking on doors in Fargo selling filters right after the seminar. He was incredulous. “I earned over $200,000 last year and I never knocked on a door” he said. 
Mike explained the process of recruiting; of selling a dream and not just a filter. I had a total paradigm shift. Suddenly, I understood the concept and the power of leverage. My life has never been the same since that day.
Originally, I thought that if I could earn $3,000 a month and be in my own business I would not know what to do with all that money. Within about 6 months I left my job and went full time in network marketing. I became one of the youngest ever National Marketing Directors with NSA. Over the next four years I earned $400,000 and learned the basics of what works and what doesn’t work in network marketing.
It sounds as if you were earning really good money and loving what you were doing. Why did you leave?
One of the top leaders left and I looked around and realized that there were no recent success stories. The problem was timing and the lack of consumable products. I knew that I loved network marketing and I knew I had to move on.
What company did you select? 
After studying the industry, I moved to Rexall Showcase International. Back then, Rexall was doing around $2,000,000 a month with health care products. I spent 12 years with RSI and earned $4 million. I was one of their top 15 earners and I was on their Distributor Board of Directors.  Unfortunately, the company was sold, then merged, then re-sold, then constant changes were made to the product line and compensation plan.
John Haremza on Stage
Those must have been frustrating days.
They were. I was frustrated. I felt as if I was trying to sell the dream and living a nightmare. Then I got a call from the former President of RSI who had resigned when the company was sold. He was starting a company, Waiora, with similar health care products to RSI. 
I took a huge leap of faith. I resigned and walked away from a substantial residual income. I just wanted to be excited; to believe in something again.
Waiora has been an incredible ride. It just passed its 10 year anniversary and has a base of dedicated distributors. I earned $9 million with Waiora and I still enjoy a good passive income even though I am not as involved as I once was.
Although the Waiora products are life changing, the market segment they address is small and limited to North America. Stan wanted a global company that widened the funnel to include everyone. He selected coffee initially and then weight loss coffee and now weight loss tea.  
Javita has seen 22 consecutive months of month over month growth. Just one year ago in May it passed $1 million a month, then $2 million in November 2013 and now we are approaching $3 million a month
With so much competition why do you believe that Javita has been so successful?
After 25 years in this business and earnings of over $14 million, I believe that a company must have 5 elements locked in place to be successful. These 5 critical elements magnify and multiply our results. ‘No matter how good you are or how hard you work if all 5 critical elements are not in place you will not see the results you want’. 
That makes a lot of sense, John. With 25 years in our business and the success you’ve enjoyed what keeps you going?  What excites you every day?
I am excited about Javita. I know that it will be one of the most lucrative things I’ve ever done, but the thing that excites most me every day is taking one of those people who are struggling and coaching them to the success they dreamt about.
I often think about so many who struggle in network marketing. They come into network marketing with high hopes to change their life. They are working hard and not seeing the success they expected. Like most of us they were introduced to the industry by a friend, a family member or a product.  They have no idea what the elements for success are. 
I’m not sure if it was luck, wisdom or just good fortune but I have always been successful even with start-up companies. As I look back, I believe that my understanding of those 5 critical elements played a huge role in my career.
We can’t go into the 5 critical elements in this announcement but I have learned so much in my career in network marketing and I share these ideas and more of my story at www.johnharemza.com.  I believe anyone with any company will benefit from these generic lessons and training videos. You asked what motivated me.  Being a mentor and sharing the fundamentals is a huge motivation.
Ted:  Thanks very much John. I’ve been to your site and I agree that those short training videos are invaluable to anyone who wants to be successful in network marketing :)