Verb Technology Company Inc (NASDAQ: VERB) Due Diligence
Verb CRM is a New Platform with a Full Suite of Industry Solutions
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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 and their respective business skills. Thanks to the acquisition of Sound Concepts and some name changes, Verb now has over 25 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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This discussion is about the platform as it relates to the white labeled application for direct sales clients and independent distributors.
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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's White Label App For Large Direct Sales Enterprises
The Coming Sales Apocalypse
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Many of the independent "distributors" currently work part time for extra income while others are full time and very successful.
It is expected that the coming displacement of workers will benefit from this industry as more and more people look to direct sales for extra income and Verb's ability to close sales with little to no sales skills should make the transition much less painful! Technology is steadily eliminating jobs and the Direct Sales industry is always in need of salespeople. Verb's new platform takes most of the sales skills out of the equation and makes selling easier and more profitable for independent distributors, and Verb's large client base. |
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Sales isn't for everyone, but Verb gives you tools like "Sampling" to make more sales and more money.
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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!
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Rory and McKinley discuss the sampling feature and how the app is improving the high attrition rates found in direct sales.
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More Features
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.
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Branding Gets Recognition
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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Isagenix
Isagenix launches interactive video from the main stage by Isagenix top distributor
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Here are two clients that recently adopted the new platform.
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revitalU bills itself as the "Sample First Company"
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PrimeMyBody
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The Power Of Sampling
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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Verb CRM Increases Sales So Well That Retention Rates Soar!
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Verb CRM Improves Attrition Rates
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!
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I use this website to embed Verb's videos without the Twitter box. You found this page thru a link from a tweet or from my Due Diligence site. When you leave this page there may be no link in the header to return back to this page from this website. VERB DD
VERB: www.myverb.com
Catch me on Twitter if you run into a bad link. tia Mike @InteractiveVid2
VERB: www.myverb.com
Catch me on Twitter if you run into a bad link. tia Mike @InteractiveVid2