Verb Technology Company Inc (NASDAQ: VERB) Due Diligence
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nFusz Acquires Sound Concepts & Merge
When nFusz Inc was first introduced to Sound Concepts, they were beginning to see major acceptance of a newly developed application specifically designed for direct selling. Similarly, nFusz had it's interactive video marketing apps just beginning to make waves. Both companies saw the potential in combining the technologies onto one platform along with their respective business skills. Thanks to the acquisition of Sound Concepts and some name changes, Verb now has over 30 years of experience helping to grow businesses in the Direct Sales industry. The new platform includes all the applications for direct sales, verb GO, taggEDU, taggMED, MYtagg and other verticals. It's also my understanding that new features will be added and possibly another vertical not yet announced.
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Meet Sound Concepts' Management Team
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Verb Direct is a wholly-owned subsidiary of Verb Technology Company.
Following the successful acquisition of Utah-based Sound Concepts, the leading provider of digital tech-based marketing and customer relationship management applications for the direct sales, network marketing and affiliate marketing industries, the newly combined company now provides next-generation customer relationship management ("CRM"), lead generation, and video marketing software applications under the brand name TAGG. The new mobile sales app on VERB’s digital platform provides large clients, distributors and sales representatives with the ability to grow their business quickly and effectively. The custom-branded mobile app allows distributors to share product samples and personalized interactive tagg videos, and create and manage custom drip email campaigns with clients and prospects. The platform also facilitates tracking and measurement of customer engagement through simple, yet detailed analytics, among other business-building features. |
Verb CRM has a Brand New Application for Enterprise Clients, now with a Full Suite
of Industry Solutions, Universally Integrated into 17 Direct Sales Back-Office Providers
Direct sales back-office systems provide many of the support functions required for direct sales operations, including payroll, customer genealogy management, statistics, rankings, and earnings, among other direct sales financial tracking capabilities. Integration into these back-end platforms accelerates the adoption of VERB’s CRM application by large direct sales enterprises that rely on these systems and as such is a major competitive advantage for VERB. VERB’s advanced APIs now integrate with virtually all back-end systems, without additional account configuration or sign-in required.
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We are friends with your friends!
Our Verb platform and tools work great with your back office provider. 
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Verb's White Labeled Direct Sales Application For Large Enterprise Clients
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Key Benefits, Tools, Features and More!
Verb gives It's Clients the Tools that Independent Distributors need to
Grow their business and make More Sales while actually Improving Retention Rates!
Grow their business and make More Sales while actually Improving Retention Rates!
The app incorporates recruiting tools, sales representative training and education tools, and includes instant notification capabilities to notify sales reps on their mobile devices when a prospect has engaged in shared content. It also allows sales reps to share sales and product video content with their prospects via email and text, post content directly to social media, access corporate sales and product training materials, and receive analytics data and other engagement information regarding their prospects’ interactions with the digital sales content distributed through the app. It also tracks customer purchases and allows corporate to monitor field activity to track the effectiveness of campaigns, as well as compliance. In addition, sales reps can order physical product samples and more for direct delivery to customers and prospects all through the application. The synergies of the digital and physical tools provide sales reps with unique solutions to engage their prospects, acquire customers, close sales, and grow their business.
Two Powerful Tools To Increase Sales & Educate Potential Independent Distributors
Welcome Kits |
Education for Growth |
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You only get one chance at a first impression. If you want to make sure your welcome kit stands out, let Verb help! Check out our welcome box for Q Sciences.
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Educating Customers = Loyalty & Informed Future Distributors |
Verb Introduces it's New Learning Management System
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Built as a tool for both on-boarding distributors and educating customers, the new LEARN feature is designed to improve retention, brand loyalty, and product knowledge and is flexible enough to address virtually any topic. Businesses that use the VERB app now have access to professionally developed courses and lessons that allow for scalable distributor training and increased user adoption.
“Product education is critical for success, especially within the direct sales industry,” said VERB President of Global Sales, McKinley Oswald. “With LEARN, our clients now have a great solution to educate their distributors as well as their customers, which will help to increase retention, revenue and brand loyalty. We’re already seeing excellent initial traction with this new feature and believe it will have an immediate impact for many of our clients and customers.” To find out more about the new LEARN feature, please reference VERB’s product offering pdf here. |
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The Power of Sampling and other Sales Tools that Increases Retention Rates and More...
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The client below achieved a 12% conversion during their first 6 months of sampling. After applying best practices, they doubled their conversions to 25% over the following 3 months. This accounted for an estimated $350k increase in annual revenue!
Clients who add sampling within their app are seeing impressive conversion rates! While the overall conversion of 17% is very impressive, if corporate can implement best practices to help users increase prospect-paid samples, the conversion rate increases to over 30% conversion!
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Branding Gets Recognition
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Isagenix
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Verb's white label applications allow clients to provide a corporate logo, slogans etc that are incorporated into the app, effectively branding it as their own, for a professional appearance.
The Application Grows
As Your Company Grows Independent distributors can be added as your company grows and optional features are available to enhance the apps performance and increase sales at minimal cost
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Verb Increases Sales So Well That Retention Rates Soar!
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The Stats are in and
they are Staggering! A direct sales client of Verb ran an independent study over a six month period to find out just how effective the Verb app performs at supporting business builder retention.
The results speak for themselves! Business Builders who download and use the app within their first 30 days were 33% more likely to be retained. Business Builders who did not download and use the app with the first 30 days demonstrated a 1% retention rate. That is over a 3000% + increase! Investor Relations Contact:
Matt Glover and Tom Colton Gateway Investor Relations 949.574.3860 VERB@gatewayir.com |