Herbalife Nutrition and Multi-level marketing

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Herbalife Nutrition and Multi-level marketing

Herbalife Nutrition vs. Multi-level marketing

Herbalife Nutrition is a global multi-level marketing corporation that develops, markets, and sells nutrition supplements, weight management, sports nutrition, and personal-care products. The company was founded by Mark Hughes in 1980, and it employs an estimated 8,000 people worldwide. Herbalife reported net sales of US$4.488 billion in 2016, flat with 2015, and net income of $260.0 million, down 23% from the year prior. The business is incorporated in the Cayman Islands, with its corporate headquarters located Los Angeles, California. The company operates in 95 countries (as of July 2015) through a network of approximately 3.2 million independent distributors. The company agreed to "fundamentally restructure" its business and pay a $200 million fine as part of a 2016 settlement with the U.S. Federal Trade Commission (FTC) following accusations of it being a pyramid scheme. As part of the settlement, the FTC dropped its claim that Herbalife was a pyramid scheme without a specific finding of fact on the matter. The FTC said in a press release about the settlement "it’s virtually impossible to make money selling Herbalife products.". Multi-level marketing (MLM) also called pyramid selling, network marketing, and referral marketing, is a marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products/services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.

Similarities between Herbalife Nutrition and Multi-level marketing

Herbalife Nutrition and Multi-level marketing have 5 things in common (in Unionpedia): Direct selling, Direct Selling Association, Federal Trade Commission, Newsweek, Pyramid scheme.

Direct selling

Modern direct selling includes sales made through the party plan, one-on-one demonstrations, and other personal contact arrangements as well as internet sales.

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Direct Selling Association

The Direct Selling Association (DSA) is the name of several similar trade associations in the United States, United Kingdom, Australia, Malaysia, Singapore, and New Zealand that represent direct selling companies, primarily those that use multi-level marketing compensation plans.

Direct Selling Association and Herbalife Nutrition · Direct Selling Association and Multi-level marketing · See more »

Federal Trade Commission

The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act.

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Newsweek

Newsweek is an American weekly magazine founded in 1933.

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Pyramid scheme

A pyramid scheme (commonly known as pyramid scams) is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.

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The list above answers the following questions

What Herbalife Nutrition and Multi-level marketing have in common
What are the similarities between Herbalife Nutrition and Multi-level marketing

Herbalife Nutrition and Multi-level marketing Comparison

Herbalife Nutrition has 82 relations, while Multi-level marketing has 51. As they have in common 5, the Jaccard index is 3.76% = 5 / (82 + 51).

References

This article shows the relationship between Herbalife Nutrition and Multi-level marketing. To access each article from which the information was extracted, please visit:

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