Search results in category Background
Published: 21 June 2013 in Background
One of the biggest growth markets in recent years is online trade. Industry giants, such as Amazon and eBay, are impressively showing what immense potential lies in online shopping. More and more direct sales companies are also offering their products and services on the Internet according to the result of a current study. On behalf of the German Association of Direct Sales e.V. (BDD), the University of Mannheim recently carried out a representative study and came to the following conclusion (among others): German direct sales companies are increasingly turning to multi-channel strategies to sell their products and services.
Published: 20 June 2013 in Background
The US Direct Selling Association (DSA) has just passed a revised definition of direct selling. In a meeting held last June 8, during the DSA's 2013 Annual Meeting, the Board of Directors unanimously approved the updated definition. It was in March of this year that the DSA Strategic Planning Committee presented a draft definition to the Board after which they collected feedback and responses regarding the proposal.
Published: 13 June 2013 in Background
Between all of the headlines about stagnating or declining economic growth, job losses and falling sales, the message of the Federal Direct Sales Association of Germany e.V. (BDD) is a welcome change. Since 2007, the industry was able to namely record a nice sales growth of 11%. A representative study by the University of Mannheim, which had been commissioned by the BDD, came to the conclusion that the direct sales industry in Germany achieved a total turnover of 17 billion euros in 2012. Based on the figures from the year 2007, this corresponds to an impressive sales growth of 11%.
Published: 04 June 2013 in Background
The Direct Selling Association of the United States recently accepted Nerium International's application for membership which is currently in “pending” status. Pending members are usually put on probation for 12 months. During this time, the marketing and business plans of applicants are reviewed, the association contacts the Better Business Bureau and the relevant Attorney General's office to ensure they comply with all of the DSA's laid down Code of Ethics and to obtain any information these organizations may have about the company.
Published: 24 May 2013 in Background
When they first arise on the horizon, they appear to be helping people. However when they set and collapse, they leave nothing but disruption of daily lives and misery in their wake. We are talking about illegal ponzi schemes, of course. The people of India have suffered financial loss time and time again and this time the government means action after people lost their lives in West Bengal following the collapse of numerous money circulation schemes. According to unconfirmed reports this may also mean the closing down of legitimate multi-level marketing (MLM) companies and bogus chit funds alike.
Published: 20 May 2013 in Background
Rolf Sorg, founder and CEO of PM International AG, was able to prevail in the lawsuit against the Internet search engine Google. The German Federal Supreme Court in Karlsruhe ruled that auto-complete search suggestions must be removed by request if they violate personal rights. The auto-completion of search terms on Google is based on keyword connections that are frequently entered by users and is therefore susceptible to manipulation. In the case of Rolf Sorg and PM International AG, however, the terms "fraud" and "Scientology" automatically emerged in association with the company name and founder of PMI.
Published: 16 May 2013 in Background
Amazon.com has been the online shopper's haven since it started in 1994, having grown from a bookseller to a company that sells almost everything under the sun. It has become the go to e-commerce company catering to every age bracket amassing an astounding amount of customers over the years. According to the Internet Retailer 2013 Top 500 Guide, Amazon doesn't own the best growth rate among online retailers over the past 10 years.
Published: 03 May 2013 in Background
The International Chamber of Commerce (ICC) released a revised “International Code of Direct Selling” in Paris, France on April 30, 2013. The purpose of the document is to act as an instrument for self-regulation and self-discipline. It may also be used in court as a reference document within the framework of applicable legislation. According to the ICC Code, Direct Selling is defined as “the selling of products directly to consumers, generally in their homes or the homes of others, at their workplace and other places away from a permanent retail location, where the direct seller may explain or demonstrate the product.”
Published: 29 April 2013 in Background
The Economics Committee of the Legislative Yuan in the Republic of China, Taiwan on Monday, April 8, 2013 made a draft regulation on disputes involving direct-selling companies. It was, however, criticized by The Taiwan Direct Selling Association as it failed to resolve disputes involving illegal firms. Violators, under the new proposed regulation, could be fined up to a maximum of NT$100 million (US$3.33 million) and also serve a jail term of between three and seven years. They would additionally have to cover the costs of any lawsuits that arise from disputes between them and their distributors.
Indian Chamber of Commerce Holds Conference With Key Players to Speed Up Legislation Process of Direct Selling in India
Published: 26 April 2013 in Background
The direct selling industry is relatively young in India and has grown tremendously in a very short time. As with all new things, the players have not always had an easy time of running their businesses, whether they were a company or the distributors. For the first time, key industry players from within India and outside met to further stimulate the policy framework. The FICCI, the IDSA and WFDSA organized the “Mark “E” Dir – Bringing Market to Consumer” Conference that was held on April 17, 2013 at the FICCI Federation House in New Delhi.