Sunday, June 8, 2008

STEP 4: THE DISCOVERY








A company coming to a 30 year impeccable track record, publically listed on New York Stock Exchange (NYSE: NUS), operating in over 54 countries globally and growing and has an annual revenue of USD2.6Billion (2014). (With almost 70% of its revenue coming from Asia alone).


With so many network marketing companies out there, it is reassuring that Nu Skin Enterprises provides financial transparency and solid cash flow strength and reliability through quarterly reviews by the Securities Exchange Commission (SEC); ultimately giving consumers and business builders the trust, stability and long term growth potential.


Rated 5A1 by Dunn & Bradstreet, the world’s leading credit rating company just shows how financially sound and secure this company is. Not even some well known global financial giants and banks have this rating!
Another recent development was a recognition by Forbes magazine in Jan 12th, 2009, where they ranked the TOP 10 shares to "BUY". And in that list, was Nu Skin Enterprises.

What is truly amazing, is the company’s vision; which is to become the world’s leading direct selling company by generating more income for distributors than any other company.

At the time of preparing this blog, 1184 distributors have earned over USD1 Million from Nu Skin Enterprises brilliant business plan of 5% 6 Generations. That is 1 Millionaire every 3 days! Proven results from a rock solid company.
Nu Skin Enterprises is a also proud member of the World Federation of Direct Selling Association. And we are also very honoured to have Truman Hunt, CEO of Nu Skin Enterprises as its Chairman in 2008, promoting the professionalism and integrity of the entire industry.


The Giving Culture





Nu Skin Enterprise’s mission statement:

Our mission is to be a force for good throughout the world by empowering people to improve lives with rewarding business opportunities, innovative products, and an enriching, uplifting culture.

NSE Values

It is with this culture of giving that Nu Skin Enterprises has a non-profit organization called the Nu Skin Force for Good Foundation whose mission is to create a better world for children by improving human life, continuing indigenous cultures, and protecting fragile environments. It is amazing to note that they are actively involved in hundreds of projects all over the world and can be viewed at this website. (http://www.forceforgood.org/).



Another touching area that Nu Skin has is through the Nourish the Children Initiative. This initiative unites Nu Skin Enterprises with their extensive worldwide distributor force in nourishing the world's hungry children. We are deeply troubled that every day more than 15,000 children around the world are dying from malnutrition. Every six seconds, a child dies of malnutrition and we believe, together, we will be able to save them.

Recently Nu Skin Enterprises was awarded a 2007 American Business Award (July) — better known as The Stevies — at the annual American Business Awards ceremony in New York City. Nu Skin Enterprises won the award in the Best Corporate Social Responsibility Program category for their Nourish the Children humanitarian initiative (2nd runners up was Shell Oil).


In addition, Nu Skin Malaysia was awarded the top 3 prize under Small Company Corporate Social Responsibility (CSR) category during the inaugural
Prime Minister's CSR Award on 14 November 2007. The honour was given to Nu Skin Malaysia in connection to its help to Harvest Centre, to provide a healthy and happy learning environment for the children there. Nu Skin is one of the 21 winners out of 316 entries and the only network marketing company being awarded.

In 2009 January, Nu Skin Enterprises Singapore was awarded the certificate of merit for its Corporate Social Responsibility activities. It is the 1st network marketing company in Singapore to receive this award, putting them on the same league as other multi national companies, such as IBM, Fedex, Nokia, NEC.

Another interesting fact is the participation of professionals in Nu Skin Enterprises. Overall, in the network marketing industry, 35% who participate have tertiary education. However, in Nu Skin Enterprises, it is 65%! What do these professionals see in this fast growing industry?



A Global Business Trend
Since we are talking about leverage, the best way to generate wealth is to leverage on the largest economic trend in the world. This trend explains why, Gerber foods and Mattel Toys made fortunes in the 50’s and why is there a housing and motor vehicle boom in the 80’s. You see, after World War II ended, one third of the world's population was born within an 18-year period (1946-1964). These individuals are now known as the "Baby Boomers".



Now more than ever, the baby boomers of the 1950's are starting to see the signs of aging (now between 35 to 55 years of age). They're looking for the right solution to achieve young, healthy looking skin and body. And they have the resources to do it — Baby Boomers control more than 70% of all the wealth and account for more than 50% of consumer spending. (Ken Dychtwald, Ph.D., The Power Years, 2005).




Skin care industry-a huge expanding market.

Every year in the US, consumers spend over $12 Billion on skin care products to make them look and feel younger. In recent years, skin care has become the most talked about and fastest growing segment of the personal care industry. The facial skin care market in the United Sates boasted sales of over $6.7 billion and prestige skin care products generated sales of $5.3 billion in 2004 with both segments showing continued growth in the industry.




Exploding demand for wellness products.

"The Wellness Industry will grow to $1 trillion over the next ten years." (Paul Zane Pilzer, The Wellness Revolution, 2006) People are looking for better health and anti-aging products to make them look and feel younger. Paul Zane Pilzer, a world renowned economist, projects that the existing wellness-based services will grow from current sales of $300 billion to over $1 trillion in the next ten years!




Understanding these 2 powerful trends and putting them together into a complete business opportunity is what Nu Skin Enterprises does best. “We Promise to Create More Opportunities Than You can Handle!”- Blake Roney, Founder of Nu Skin Enterprises.





The Divisions
Nu Skin Enterprises is composed of 2 distinct divisions, providing a synergistic approach of a total wellness business opportunity. They are Nu Skin and Pharmanex.

Nu Skin Personal Care


Nu Skin is a leader in the skin care industry with scientifically advanced ingredient technologies and skin beneficial formulas comprised of only the best ingredients

Pharmanex Nutraceuticals


By applying pharmaceutical science techniques to nature's remedies, Pharmanex has become a leader in the health care industry


The Science
For over two decades, Nu Skin has passionately pursued the creation of products and resources to help millions of people around the world find their paths to a beautiful future. Founded in 1984 with a commitment to providing quality skin care that features only premium, wholesome ingredients, Nu Skin remains true to this "all of the good, none of the bad" heritage today, developing innovative products that support the health and longevity of skin and hair.Through partnerships with the Stanford University School of Medicine and the Nu Skin Professional Advisory Board — innovators in the fields of dermatology, ethnobotany, and nutritional and cosmetic sciences — we develop products that benefit from some of the most advanced ingredient technologies available today.

Furthermore the difference is clear: Pharmanex sets the industry standard for scientific integrity. Pharmanex scientists examine the natural, healthy processes that take place in the body and determine how nutritional supplementation can enhance these functions. After weighing these factors, only substances known to be safe and effective in promoting health are taken to the next stage of development.
Once selected, all Pharmanex ingredients are subjected to a stringent, scientific analysis known as the 6S® Quality Guarantee. This patented manufacturing process - based on selection, sourcing, structure, standardization, safety, and substantiation - enables Pharmanex to lead the pack in quality and efficacy. The company consistently meets or exceeds the Good Manufacturing Practices (GMP) standards set by the FDA for this product category.

Twice a year Nu Skin Enterprises Scientific Advisory Board meet to discuss the science, ingredient and formulation and product development direction. They consists of the world’s renowned distinguished scientists; such as Dr. Carl Djerassi – Father of the Contraceptive Pill, Dr. Lester Packer – Father of the Antioxidant Theory and Dr. Koji Nakanishi – Father of Gingko Biloba.

Today, more than 150 on staff scientists lead the Pharmanex research and development team. These scientists review published clinical and scientific studies to identify botanicals that may have health-promoting properties. Original research is also coordinated with more than 200 noted scientists from around the world, representing such institutions as Harvard, Stanford, UCLA, Columbia, Purdue, Peking University Health Science Center, Shanghai Medical University, and Peking University. Through these affiliations and extensive research, the Pharmanex difference becomes clear.

The Success Tools
As you can see how effectively Nu Skin Enterprises leverages off the Baby Boomer trends and beyond. They also have powerful tools that help business builders demonstrate the measurable difference. We can no longer rely on just talk; people are demanding for quality proven products and this is where Nu Skin Enterprises really shines.



Measuring your health!
Pharmanex BioPhotonic Scanner has transformed the way 10 million people globally look at their health, and has created a business opportunity like no other in the world. It's a revolutionary tool to measure the carotenoid antioxidant levels in your skin-and prove the effectiveness of your supplements in improving your overall antioxidant health. The Scanner provides a more accurate and reliable biomarker of your overall antioxidant health status than any other method of measuring antioxidants.


Pharmanex is the only company to licence the BioPhotonic Scanner technology from University of Utah’s Cancer Research facility. Over USD100Million was invested in the development of this revolutionary health testing device. It has 6 global patents and uses Sir CV Raman’s Nobel Prize winning technology. In fact, Pharmanex guarantees that your Skin Carotenoid Score will increase as you take LifePak® or g3™ regularly as directed!


Not surprisingly, Nu Skin Enterprises was awarded a 2005 American Business Award in June 6, 2005. Nu Skin Enterprises won the award in the Most Innovative Company category for the Pharmanex® BioPhotonic Scanner against other finalists like Oracle Corporation and PACCAR Inc. Last year's winner in the same category was United Parcel Service (UPS). Nu Skin Enterprises was recognized among other top companies that included AT&T, Procter & Gamble, Sprint, and Intuit and was the only direct selling company to receive a 2005 American Business Award.

BioPhotonic Scanner


Can you imagine what you can do with an exclusive technology only you have access to? It’s basically a Monopoly!


Bring Luxury Spa Results Home!
With the stress of modern life, spa treatments have become more than just occasional pampering, they are a requisite for looking and feeling great. The Nu Skin ® Galvanic Spa ™ System II brings the day spa home to you. Using cutting –edge, patent-pending technology with the Galvanic Spa, no appointment is necessary to smooth lines and wrinkles, rejuvenate your complexion, revitalize your scalp and renovate your body.





The Galvanic Spa uses self-adjusting, low level galvanic (electric) current that helps focus cellular energy and enhance circulation to facilitate the transport of key ingredients into the skin for improved cleansing, hydration, circulation and radiance. The gentle massaging action of each of the four attachments (face, treatment, body, scalp), combined with galvanic current, enhances circulation and draws vital nutrients to the outer layers of the skin. Studies have shown that a Nu Skin Galvanic Spa II Treatment may enhance active ingredient delivery 70% or more for up to 24 hours post-galvanic treatment. The below example was done in just 10 minutes. Notice the lines and wrinkles below the eyes on the picture on the left (before) and on the right (after). Amazing!

ageLOC Media Highlights




TR90 - The Right Approach to Weight Management!
In Malaysia (and other countries), we have a serious health concern. Just look at the recent statistics from Sin Chew Jit Poh on the 29th July 2007.


There are:
  • 8.7 million who have unhealthy diets (35%)
  • 7.2 million who don’t exercise (29%)
  • 6.4 million who have high cholesterol (26%)
  • 4 million are overweight (16%)
  • 2 million are obese (8%)!
And being overweight and obese are actually the leading health symptoms and causes of 5 major illnesses; diabetes, cardiovascular disease, high blood pressure, high uric acid and rheumatoid arthritis.

With so many weight management programs in the market, Pharmanex approach is called TR90. It is a 90 day coaching program that consists of the right nutrition, the right exercise and the right supplementation to effectively transform the body and re-educate a good food diet habit. Typically, The Right Approach will help a person reduce 6-12kg of weight by focussing on fat reduction and healthy muscle increase to improve a healthy metabolic rate in 90 days.
It is the only program in the market that is uniquely positioned like no other!These are just some of the powerful business tools that are exclusive to Nu Skin Enterprises. There are certainly many more that just can’t be covered in this article. However, you will want to find out more on how you can leverage them in this global wellness opportunity of a lifetime.
Are you ready for the income projections? How can you leverage this company, culture, products and science to create global residual/passive income?

The Compensation Plan

This is where it gets interesting. Business is about making people’s lives better. And as a profitable business, we need to make sure that the compensation plan makes sense. Consider opening a shop (franchise) and you have 30-40 regular customers who consume supplements and personal care products every month. You now earn a percentage of the sales of that shop.

When your friend (John) see that it is a potential business, you teach them to open one for themselves. They in turn get to earn a certain percentage of their sales too. However, since you have developed a business builder, Nu Skin Enterprises will compensate you 5% of John’s shops’ sales. And as John teaches Jane to do the same, you will now be compensated 5% of Jane’s shops sales as well. This will continue up to 6 generations!
This is a simple hypothetical example for you to understand:




Notice the Nu Skin Enterprises (Blue columns) pays 5% up to 6 generations of breakaway executives. Typical plans (E.g. Red Column) however, pay on a decreasing percentage. So for these companies, as your network gets larger exponentially, the residual or passive part of your income reduces (only $20,000). Nu Skin’s 5% 6 Generation pay plan fundamentally addresses the fact that every new person who joins Nu Skin Enterprises has exactly the same opportunity as the 1st person who joined before. Making it the fairest and most generous compensation work plan in the world. This unheard of 5% 6 Generation pay scheme has, over a period of 30 years generated USD10 Billion in commissions and produced more than 1184 USD millionaires! (Nov´15)

The Support System
In this society, we cannot function independently. In his book, The 7 Habits of Highly Effective People, Steven Covey states that as we progress from winning our private victory and become trustworthy, we must move towards working interdependently (or winning the public victory) with others by creating mutual trust and a synergistic teamwork. And this is absolutely true in network marketing.

The support team that will assist you in creating a global business is Nu Skin Enterprises, the regional and local support teams, the 6 levels of uplines and an alliance of sidelines who are committed to Making a Difference Everyday! Other than that, we have a complete, systematic and structured business and product education system; which provides certification and trainers training to facilitate duplication and education to customers.

In addition, Nu Skin Enterprises has an expert system that will be able to answer questions on business, products, ingredients and recommendations within 48 hours. So, that means that one may not necessarily be an expert in nutrition and wellness to build a wellness based business.

All you need is a heart to care and help others create choices in life.
"Business is about solving problems." - T Harv. Eker.
"The best way to predict the future, is to create it." Abraham Lincoln.