Greg Probert, CEO of Nature’s Sunshine, spoke at the National Managers meeting on TAC trip. He summed it up in these words: “When I came on board as your CEO, I promised I would listen to you; I promised that you might not always like the answer I would give you but I will always listen!” “Last year we had the highest revenue year in the history of NSP. NSP has $70 million sitting in the bank – no debts, and excellent cash flow.” “Since I have been here, we have brought 17 new products on board. The USA is the largest supplement user nation in the world at $32 billion; China is the second largest with $30 billion.” (Yes! NSP is doing good!)
New Informational NSP Tool
Don’t you just love this new informational tool NSP has given us!!!
View what is going on in your Successline with access to these 4 reports (Managers, Members, Retail, & Global):
Member Report:
- Sort by Name, Account Number, Signup date, Expiration date, GQV or QV by clicking on the appropriate column header
- Filter by first level and/or by those who have group volume or are active by using the drop-down box in the Customization Toolbar
- See which members in your group are breaking out as manager
Manager Report:
- Sort by Name, Account Number, Rank, GQV or QV by clicking on the appropriate column header
- Filter by first level and/or by those who have group volume or are active by using the drop-down box in the Customization Toolbar
Note: Click on the icon to the left of the Member’s name for additional contact information.
NSP Enters China
On June 25, 2014, Nature’s Sunshine’s CEO, Greg Probert, signed a contract with Fusun Pharma, a $1.5 billion leading healthcare company in the People’s Republic of China, to form a joint venture to market and distribute Nature’s Sunshine and Synergy products in China. Mr. Probert will be CEO of this joint venture. This joint venture is the first of its kind between a U.S. company and a Chinese company for direct selling products in China. NSP products will now be available in 49 countries.
One unique feature of the market in China with regard to direct selling is that it is a “closed” market and does not allow up-line commissions to be paid outside of China. NSP products will be sold at Retail; Synergy products will sell at Distributor/Wholesale cost, according to a marketing plan to be developed.
Now is the prime time to invest in NSP stock. Its cost per share has already grown and should continue to escalate. It is anticipated that the closing on this venture will occur in the third quarter of 2014, after all the customary closing conditions and regulatory approvals are met and received.
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