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Posted On: 10/12/2019 6:52:11 PM
Post# of 32976
I saw a brochure on one of VERB's customers websites a while ago that really got me thinking lately and looking at things differently for a few reasons
The brochure was called Your Global Opportunity
If you search on that, plus the customer name, it will be the top link or one of them. It's public, but out of respect to VERB customers, I'll try not to post their documents and videos directly.
What is talked about is their market penetration
How many associates per the country's population and listed the ratio of the 12 markets they are in.
Australia had the smallest ratio of 1:326
Vietnam the largest at 1:199,048
Imagine Australia, 1 out of 326 people uses/sells the product?
Wow!
The global opportunity was just shy of 1 billion people for them
Now we talk a lot about how many users of the VERB platform there are and how many associates are at each company
Flip that around a bit
How many people can those associates sell to?
If the company is only in one market, you have your answer
Of course you'd have to filter the population as not everyone is your target in those markets
You'd have to filter out existing customers too unless you steal them from your fellow distributors.
Rather obvious why many of these companies want to move into additional markets as that is one way to quickly grow
How many more associates can they add to Australia?
At some point, the market is saturated
Now think about it from VERB perspective
Hey, pay this and add all the users you want
While more distributors is great as they can subscribe to additional add ons, the sampling and other purchases is a big winner as well
I can have a direct sales company with 10,000 associates each doing 50 purchases a month or 100,000 each doing 5.
VERB can make a lot of money even with companies that have fewer associates
What's the key?
Great products that sell
And of course a great tool that helps distributors sell them easily
Keep in mind it's likely the best distributors adopt the VERB tools first
If they are dishing out a ton of samples. More than most, why wouldn't they jump on it first.
I recall one of VERB customers actually bakes in a lot of samples into your starter kit.
Guess who benefits from that?
Two thirds of the top 100 companies are based in the US
That's convenient
We know from Revital U, they are killing it in the US and already expanded to the UK. Maybe Canada next year?
BTW, they have a ton of growth opportunity even just in the US
VERB helping those US companies expand is good for both parties and the opportunity for new distributors in those markets is a crazy high ratio that presents a lot of opportunity for them when you compare just staying in Australia as an example.
I read there are 91 direct sales companies in China. Really hard as they are strict.
This list shows 3 of the top 10 are in China
VERB cracking the China market is huge whether with US based or even China based.
https://www.ippei.com/best-mlm/
https://www.epixelmlmsoftware.com/blog/top-so...es-in-2018
http://worldpopulationreview.com/countries/
The brochure was called Your Global Opportunity
If you search on that, plus the customer name, it will be the top link or one of them. It's public, but out of respect to VERB customers, I'll try not to post their documents and videos directly.
What is talked about is their market penetration
How many associates per the country's population and listed the ratio of the 12 markets they are in.
Australia had the smallest ratio of 1:326
Vietnam the largest at 1:199,048
Imagine Australia, 1 out of 326 people uses/sells the product?
Wow!
The global opportunity was just shy of 1 billion people for them
Now we talk a lot about how many users of the VERB platform there are and how many associates are at each company
Flip that around a bit
How many people can those associates sell to?
If the company is only in one market, you have your answer
Of course you'd have to filter the population as not everyone is your target in those markets
You'd have to filter out existing customers too unless you steal them from your fellow distributors.
Rather obvious why many of these companies want to move into additional markets as that is one way to quickly grow
How many more associates can they add to Australia?
At some point, the market is saturated
Now think about it from VERB perspective
Hey, pay this and add all the users you want
While more distributors is great as they can subscribe to additional add ons, the sampling and other purchases is a big winner as well
I can have a direct sales company with 10,000 associates each doing 50 purchases a month or 100,000 each doing 5.
VERB can make a lot of money even with companies that have fewer associates
What's the key?
Great products that sell
And of course a great tool that helps distributors sell them easily
Keep in mind it's likely the best distributors adopt the VERB tools first
If they are dishing out a ton of samples. More than most, why wouldn't they jump on it first.
I recall one of VERB customers actually bakes in a lot of samples into your starter kit.
Guess who benefits from that?
Two thirds of the top 100 companies are based in the US
That's convenient
We know from Revital U, they are killing it in the US and already expanded to the UK. Maybe Canada next year?
BTW, they have a ton of growth opportunity even just in the US
VERB helping those US companies expand is good for both parties and the opportunity for new distributors in those markets is a crazy high ratio that presents a lot of opportunity for them when you compare just staying in Australia as an example.
I read there are 91 direct sales companies in China. Really hard as they are strict.
This list shows 3 of the top 10 are in China
VERB cracking the China market is huge whether with US based or even China based.
https://www.ippei.com/best-mlm/
https://www.epixelmlmsoftware.com/blog/top-so...es-in-2018
http://worldpopulationreview.com/countries/
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