CEO Of MLM Company Arbonne Wins Entrepreneur Award

MLM company Arbonne International's Chairman & CEO Bob Henry was named the 2006 Ernst & Young Entrepreneur of the Year in Orange County, the company said Thursday.

Henry was chosen from among 23 finalists. The award is designed to recognize outstanding entrepreneuers who are leading growing businesses.

Asian MLM Company Launches In Philippines

KEEPING up good health and a freedom of wealth is the prime movers of MLM company K-Link Phils upon launching their products here in Cagayan de Oro Tuesday at Pearlmont Hotel along Limketkai Drive.

MLM Company Herbalife Looking At New Financing Facility

MLM and nutritional supplement company Herbalife Ltd. said on Tuesday it is considering refinancing with a new senior secured credit facility.

If the refinancing is consummated, some of the proceeds may be used to repay or redeem substantially all of Herbalife's existing debt, including its outstanding 9.5 percent notes due 2011 and fund closing costs, the company said.

MLMIA Reaction To FTC's Proposed Business Opportunity Rule

The US Federal Trade Commission ("FTC") is proposing to introduce a "New Business Opportunity Rule" that could potentially have a damaging impact on the Network Marketing, MLM and Direct Selling industry.

The Multi-Level Marketing International Association ("MLMIA") has established a legal fund to campaign against this threat to the industry and you can get more information at the MLMIA website (www.mlmia.com).

MLM And Forex Trading

Editor's Comment:

Here's an article (albeit a bit of a "puff piece") about a newish MLM company, "FreedomRocks". The underlying product is a Foreign Exchange trading system. These "investment" MLM schemes seem to come around in cycles and Foreign Exchange ("FX") seems to be the latest fad.

IMHO, these things should come with an even bigger health warning than usual. I worked in financial markets for over 20 years and the FX market is probably the most dangerous for the small investor. It's volatile and it's controlled by the big banks. There's no central, public, marketplace for spot FX. The market is "made" by the big banks. In effect, the banks are the "casino" and the participants are the "punters". And the small player probably has even less chance of winning than in Vegas (probably less fun as well!).

Years ago I saw a survey in "Stocks and Commodities" that reckoned over 80% of individual punters who tried their hand in the futures markets lost everything they put in and usually some more. The same figures would apply to day trading stocks, FX and pretty much any other highly speculative market.

Yes, you can make money as a speculator but it's a tough business. As the basis for an MLM company, I can think of many safer options.