Verb Technology Company Inc (NASDAQ: VERB) Due Diligence
About Verb - Verb Direct - Enterprise Clients - VERB Live - Testimonials - Markets - Progress Reports
Verb currently has well over 100 clients and adding more each week
|
Partial list of current clients
|
|
Here's just a few clients that recently adopted Verb's new platform.
|
revitalU bills itself as "The Sample First Company"
( sending out 29.4 million samples in the last two years alone ) |
PrimeMyBody
|
Global Health and Personal Care Products Innovator SISEL International Chooses VERB’s Mobile CRM Platform for Its Distributors
|
|
With global headquarters in Springville, Utah, and a $100 million, 400,000 sq. ft, state-of-the-art R&D and manufacturing facility, and a recognized international health-conscious innovator, Sisel provides premium health products ‘made from nature’s most powerful ingredients,’ as well as personal care products and dietary supplements, free from harmful chemicals or unnatural ingredients.
The VERB marketing app has been customized to SISEL’s unique network marketing growth model and will be available to SISEL distributors in the USA and Japan on a subscription basis following this week’s launch. Jason Gough, Director of Global Marketing for SISEL, commented “The Sisel Mobile App by Verb is exactly what our field has been waiting for to sustain our continued growth. This powerful business building tool coupled with the Sisel opportunity has everyone fired up about our future.” https://1.sisel.net/en/products/shop/?go=1&country=234&profileID=2 |
Verb Deepens ties with Direct Sales Industry by Partnering with the DSWA!
|
“We founded the DSWA nearly two decades ago with the goal of empowering direct sellers with the training and tools to run their own independent businesses,” said DSWA.org CEO and Co-founder Nicki Keohohou. “With the comprehensive professional development programs we offer, as well as a variety of other valuable resources and coaching, we are dedicated to helping direct sales professionals achieve personal and financial success. Through this partnership with VERB, we’ll be looking to improve on that mission by fostering better communication between the DSWA and its collective members. Having been involved in the direct sales industry for many years, we recognize the tremendous value VERB’s technology and tools can provide.”
McKinley Oswald, VERB’s President of Global Sales added, "This relationship goes much further than just another client for our platform. It represents a strategic partnership wherein we can get our technology and tools into the hands of some of the top distributors globally. Being embraced by the DSWA and Nicki, who is such a highly respected member of the direct sales community, is strong validation of the effectiveness of our application, as well as our market leading position in the industry. |
|
How Big Is The Direct Sales Market Today? $200 Billion
The Direct Sales industry is a massive, under-served global market with huge potential for Verb's new applications.
Worldwide, more than 116 million independent direct selling representatives earned income by direct selling, accounting for more than $189 billion in retail sales globally in 2017
Worldwide, more than 116 million independent direct selling representatives earned income by direct selling, accounting for more than $189 billion in retail sales globally in 2017
Top 100 MLM Companies of 2019 - Global 100 list of top direct selling companies - 50 best opportunities for network marketing companies of 2019
Many of Verb's Clients are listed in the Top 100 MLMs & Global Direct Sellers for 2019
www.foreverliving.com - www.nuskin.com - www.youngliving.com - www.isagenix.com - www.worldventures.com - www.teambeachbody.com
www.mystream.com - www.naturessunshine.com - www.sisel.net www.4life.com - www.mannatech.com - www.morinda.com - www.ariix.com
www.foreverliving.com - www.nuskin.com - www.youngliving.com - www.isagenix.com - www.worldventures.com - www.teambeachbody.com
www.mystream.com - www.naturessunshine.com - www.sisel.net www.4life.com - www.mannatech.com - www.morinda.com - www.ariix.com
Is Verb Going To China?
|
Something is in the works for China, but whether or not it works out remains to be seen. Rory seems to be taking the matter very seriously and is working with a big client that's hoping to enter the market with Verb's application by the end of 2019.
Isagenix had this position available, Mandarin Bilingual Customer Care Representative III – VIP/ Policy Advisor This is not a done deal, but would certainly be a huge win for Verb! |
Isagenix was one of the first clients to adopt Verb's new platform. See their Testimonial
About Isagenix International Established in 2002, Isagenix provides systems for weight loss, performance, vitality and well-being, personal care and beauty, and financial wellness. With half a million customers worldwide and more than 100 products, packs, and systems globally, the company is committed to supporting healthy change in its customers’ and independent distributors’ lives. Isagenix shares its products and solutions through a network of independent distributors in 14 markets: the United States, Canada, Puerto Rico, Hong Kong, Australia, New Zealand, Taiwan, Mexico, the United Kingdom, Ireland, the Netherlands, Belgium, Spain, and South Korea. Isagenix is a privately owned company with headquarters in Gilbert, Arizona. For more information, visit Isagenix.com.
AdoptionRight now, the single largest opportunity for Verb is in the Direct Sales and Affiliate/Network marketing industry where millions of independent distributors sell products for companies like Amway. Verb is currently focusing the bulk of it's efforts and resources to meet new demand with a large team of motivated sales professionals with a long history of providing clients needed tools for their users.
Due to the high demand from both current and new clients, Chad Thomas has been re-assigned to oversee specialized client builds while the software development team has been increased to 49 developers! What Progress is Verb Making?During Q3 of 2019 we signed 14 new Enterprise Clients, up 250% from Q2. These clients will add 195k in quarterly revenue for an increase of 396% over Q2.
Verb's new platform is approaching one million users!
|
Enterprise Pricing
|
From the last conference call, Rory stated this about Sampling fees...
"we’re implementing a transaction fee of $0.35 or more when a user orders a sample or other non-digital service"
Okay. I want to make sure that any analyst looking at our business and determining a price target values our business by applying a recurring subscription revenue SaaS business multiple which, as you’ve heard me say repeatedly, is among the highest of any other industry. In order to ensure that we’re viewed that way and we’re valued that way, we need to transition out of the printing (inaudible) and fulfillment business, or, as our CFO here, Jeff, calls it, the pick, pack and ship business. Right?
Today, that business, which is how Sound Concepts got started and how they developed the relationships within the direct sales industry that have given the company its enormous competitive edge in the industry, that business accounts for more than half our revenue. I won’t want to transition out too quickly, because I believe a precipitous drop in our top line revenue would spook investors, as we just saw with only a small drop in top line revenue. While we continue to grow the SaaS business, we’re doing our best to manage that transition; that’s why I keep saying, don’t focus on top line, smart money is not looking at top line, we know what we’re doing, we are focused on the SaaS business. . . . As we’re transitioning out, we’re implementing a transaction fee of $0.35 or more when a user orders a sample or other non-digital service through the app; and yes, even when we contract all that fulfillment business out, we will maintain and even grow that fee for the convenience of ordering it through the app, and yes, that’s all margin for us. http://verb.freeforums.net/thread/38/july-2019-progress-report-technology
Today, that business, which is how Sound Concepts got started and how they developed the relationships within the direct sales industry that have given the company its enormous competitive edge in the industry, that business accounts for more than half our revenue. I won’t want to transition out too quickly, because I believe a precipitous drop in our top line revenue would spook investors, as we just saw with only a small drop in top line revenue. While we continue to grow the SaaS business, we’re doing our best to manage that transition; that’s why I keep saying, don’t focus on top line, smart money is not looking at top line, we know what we’re doing, we are focused on the SaaS business. . . . As we’re transitioning out, we’re implementing a transaction fee of $0.35 or more when a user orders a sample or other non-digital service through the app; and yes, even when we contract all that fulfillment business out, we will maintain and even grow that fee for the convenience of ordering it through the app, and yes, that’s all margin for us. http://verb.freeforums.net/thread/38/july-2019-progress-report-technology
Verb Direct is Located in Utah County, the Direct Selling Mecca of Silicon Slopes! If you happen to be passing through,
be sure to look for our ever-changing billboards welcoming clients to the new sales platform!
|
Victory Nutrition International, viiva, Morinda, Upshoot, AMPsmart, Sisel, Isagenix, ZYIA, Elepreneurs, Navan Global, Self Made Woman, Evolv, DSWA, MojiLife, CTFO, RxHacker, NCOMPASS, Touchstone Essentials, Jem Adorn, DirectScale
The billboards are located throughout Utah County on the following highways: UC 20, UC 18, UC 13, UC 14, UC 01, SL 56, and SL 60.
Press releases for "New Clients" should be released once they officially launch their application.
|
Press Releases for Enterprise Clients
|
About Verb - Verb Direct - Enterprise Clients - VERB Live - Testimonials - Markets - Progress Reports