Nu Skin MLM Opportunity
September 1, 2007 | By Monika Mundell |
(No Ratings Yet)Company name: Nu Skin
Website: www.NuSkin.com
Nu Skin History:
Nu Skin was founded back in 1984 with the mission to provide quality skin care that used only wholesome ingredients. Nu Skin is a global direct selling company that markets and develops products such as personal care and nutrition. These products are sold worldwide under the Nu Skin and Pharmanex brands. The company operates throughout the world in 45 markets such as in Asia, the Americas and Europe. Further to this, Nu Skin markets technology related products under the Big Planet brand. Except in mainland China Nu Skin operates throughout the world in a direct selling model.
The company itself markets its products under 3 product categories:
1 – Nu Skin Enterprises Inc. markets personal care products under the Nu Skin brand
2 – Science based nutritional supplements are marketed under the Pharmanex brand
3 – Technology related products are marketed under the Big Planet and Photomax brands.
Nu Skin is dedicated to bring the best of ingredients into their products and they consistently strive to release new products.
As science moves ahead with the progress of keeping us looking younger for longer the company is working closely with the University of Stanford’s School of Medicine through a partnership.
Nu Skins professional advisory board contains a range of innovators in the fields of dermatology, ethno-botany and nutritional and cosmetic science.
The company’s revenue for the year 2006 was $ 1.115 billion dollars.
Their Global Convention is only days away being hosted in
Salt Lake City from September 5 – 9, 2007 go to the Convention Registration Page
Nu Skin Products
Their list of products covers many beauty related categories such as
- Nutricentials TM
- Men’s Care
- Body care
- Oral care
- Baby
- Environmental Defense
- Masks and Scrubs
- Tri-Phasic White
- Nu Skin Clear Action
- Hydrate and Replenish
- Epoc
- Nu Color
- Aroma Sign R
It pretty much covers over 100 personal care products from make up to hair wash to beauty to baby and more.
Nu Skin’s Nutricentials TM product line incorporates topical applied key nutrients from the best daily diet foods around the world, to help giving us a younger looking skin that glows from the outside in.
Nu Skin Compensation Plan
Nu Skin pays out approximately 42 % on sales comission back to their distributors.
A Nu Skin distributor can earn money in two ways
- Through Retail Markups which means that the distributor buys products for wholesale prices with the possibility for resale to customers or for personal use. On some of the Big Planet products is no markup such as Internet services.
In general the company suggests a 30% markup for the products, but distributors can set their own selling price.
- Through Commissions also sometimes called bonuses. Depending on the amount of people a distributor sponsors into his business the ability to earn commission will increase.
In 2006 the Company paid approximately $480,136,000 in commissions and sales compensation globally to their distributors. In the same period, the Company paid approximately $83,712,937 in commissions to distributors residing in the United States.
The following is a table that outlines the commissions paid in 2006 by Nu Skin
|
Title |
Monthly average commission Income at each level in 2006 |
Annualized commissions |
|
Active distributor Earning a check (non exec.) |
$ 44 |
$528 |
|
Qualifying Executive |
$ 160 |
$ 1,920 |
|
Executive |
$ 362 |
$ 4,344 |
|
Gold Executive |
$ 628 |
$ 7,536 |
|
Lapis Executive |
$ 1,307 |
$ 15,684 |
|
Ruby Executive |
$ 2,925 |
$ 35,100 |
|
Emerald Executive |
$ 6,040 |
$ 72,480 |
|
Diamond Executive |
$ 10,423 |
$ 125,076 |
|
Blue Diamond Executive |
$ 43,752 |
$ 525,024 |
The average commission paid to U.S. Active Distributors each month was $132.21, or $1,586.51 on an annualized basis. In 2006, the average monthly commission paid to U.S. Active Distributors who earned a commission check was $807.00, or $9,683.00 on an annualized basis. Note that these figures do not represent a distributor’s profit, as they do not consider expenses incurred by a distributor in promotion of his/her business and do not include retail markup income. On a monthly basis, an average of 16.38% of
U.S. Active Distributors earned a commission check. Active Distributors represented an average of 35.54% of Total Distributors.
The company has made plenty of headlines in the past including court cases and claims regarding illegal ponzi schemes.
The Nu Skin compensation plan is very intricate and has many added goodies such as bonus pools and the like.
The ladder to success with Nu Skin starts at the beginning.
Step 1: enroll customers and find new distributors. Earn up to 43% in retail profit and qualify for an L1 bonus of 6%
Step 2: qualify to become an executive leader. Earn up to 43% in retail profits and qualify for an L1 bonus that doubles to 12 % called a doubler during the qualification process.
Step 3: build your organization as an Executive Leader. Earn up to 43% in retail profits. Qualify for the L1 bonus of 6% and qualify to earn 9% - 15% on circle group volume
Step 4: build leaders and qualify for the breakaway bonus. Qualify for the same commissions as in step 3 but also get a chance to qualify for a 5% commission on every break away Executive in your team.
Step 5: earn leadership advancement bonus (LAB) Starts at $500 up to $5,000.
Step 6: participate in the mega advancement bonus pool. Get a share of 1.75% of the commissionable sales of Europe, Americas and South pacific.
For more information please visit the documented websites.
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[...] Hunt, president and CEO of NuSkin said ” His formidable management skills and experience will help us as we seek to refine our [...]