Long Post for Investors (redflix S3E09)
I scraped the board info section above and redid it. FAQ style may benefit new investors that are seeing VERB for the first time. Focused on direct sales, but will add more as time permits.
Welcome to the VERB Technology Company, Inc - NASDAQ Board
| myVERB.com | Twitter | Facebook | Instagram | LinkedIn | SEC Filings |
Latest CEO Report: https://www.myverb.com/ceo-report/
Road to Nasdaq - Ring the Bell
Founder, President, CEO & Chairman of VERB Technology, Rory J Cutaia, talks about recent IPO and VERB's path to profitability on The Watch List with Nicole Petallides on TDAmeritade Network
Q: How many people are n the Direct Selling space
A:
People:
Europe: 15M
US: 18.6M
Asia/Pacific: 65M
Worldwide: 116.7M
Q: What currently is VERB's market share of the Direct Sales space
A: VERB already has ~0.5% of the market and just getting started
Q: How many users does that translate to
A: As reported in the prospectus filed 04/08/2019 VERB direct sales division currently has 555,000 users
Q: What size is the direct sales market? Is it enought to warrant direct sales companies to spend hundreds of thousands or million on a selling tool?
A: The below numbers were from 2017 as reported in 2018. 2019 numbers should be coming but the total sales are substaintial and there are a number of billion dollar, well known companies in this space
Direct Sales:
U.S. $34.9B
China was $34.3B
Worldwide:$189.6B
Q: What do direct sales companies sell?
A: Clothing & Accessories, Cosmetics & Personal Care, Home Care Household Goods &
Durables, Wellness, Books, Toys, Stationery, Foodstuff & Beverages, Home Improvement, Utilities, Financial Services, etc
Top Categories:
Wellness 34%
Cosmetics & Personal Care 32%
Household Goods & Durables 11%
Clothing & Accessories 7%
Q: What is the cost of the solution? Is it afforable for the average direct seller?
A: Based on client videos, we know the app is sold buy VERB customers to their direct sales force $10-$25/mo range. Could be higher or lower, but these are numbers that we know of.
The average direct sales associate makes ~$2,000/yr in the US. Some make a lot more, enough to get a Mercedes and other perks. Spending a hundred or two on a tool to increase sales in this field may not be much different than having a car & app available to be a uber/lyft driver. Tools of the trade.
Q: Are these one-time, monthly or yearly cost?
A: VERB direct sales app is a subscription model and not a one-time purchase so revenue is ongoing
Q: What is the retention rate or dropout rate?
A: Not reported, but likely equal to the markets they serve. From the user base first reported in August 2019 until now, the growth has been substantial.
Q: What does the mobile app look like? Can I download it?
A: If you are a direct sales associate and signed up, you can download and logon. The app has a lot of feature for a direct sales associate including sharing personalized videos and messages, qualifying potential customers, drip campaigns, sampling, analytics and more.
Q: Couldn't I do some of this with email, microsoft paint and the camera on my phone?
A: You could do some of it and spend 10 times longer for likely worse results. Many people in the direct sales do it part-time which cuts into their free time. Less time spend with greater results in the goal of anyone in sales
Q: Are there competitors in this space?
A: The annual DSA conference is coming up in the US. If you go here and look up all the vendors there are no real compititors that I found but please look yourself
Q: Does VERB have any other products?
A: This is just one of their product and just one division of the company. The same technology and model can be used in a number of industries/areas like real estate, education, insurance, recruiting, etc.
Q: Does VERB have any partners yet?
A: Yes. VERB has partnered with a number of companies including Oracle, Adobe, Microsoft, Oodo, Shopify, Instapage, Waymark, DR2 Interactive, Getty Images.
Q: Do you have any links on direct sales I can look up info myself?
A:
https://www.dsa.org/
https://wfdsa.org
http://annualmeeting.dsa.org
Q: I read the PR that Stream Energy launched an app using VERB technology. Any links on that?
A:
https://player.vimeo.com/video/330789035?colo...portrait=0
https://www.youtube.com/watch?v=cLkxTJ4NUM8
Q: Can I try out the VERB interactivity for free without download the app?
A: Yes, takes a minute or two to TAGG a video: https://www.myverb.com/
Q: I'm not in direct sales, but I would like to use the app for my business. Is there a version I can download and use?
A: Yes and the first month is only a dollar: https://taggcrm.app
I scraped the board info section above and redid it. FAQ style may benefit new investors that are seeing VERB for the first time. Focused on direct sales, but will add more as time permits.
Welcome to the VERB Technology Company, Inc - NASDAQ Board
| myVERB.com | Twitter | Facebook | Instagram | LinkedIn | SEC Filings |
Latest CEO Report: https://www.myverb.com/ceo-report/
Road to Nasdaq - Ring the Bell
Founder, President, CEO & Chairman of VERB Technology, Rory J Cutaia, talks about recent IPO and VERB's path to profitability on The Watch List with Nicole Petallides on TDAmeritade Network
Q: How many people are n the Direct Selling space
A:
People:
Europe: 15M
US: 18.6M
Asia/Pacific: 65M
Worldwide: 116.7M
Q: What currently is VERB's market share of the Direct Sales space
A: VERB already has ~0.5% of the market and just getting started
Q: How many users does that translate to
A: As reported in the prospectus filed 04/08/2019 VERB direct sales division currently has 555,000 users
Q: What size is the direct sales market? Is it enought to warrant direct sales companies to spend hundreds of thousands or million on a selling tool?
A: The below numbers were from 2017 as reported in 2018. 2019 numbers should be coming but the total sales are substaintial and there are a number of billion dollar, well known companies in this space
Direct Sales:
U.S. $34.9B
China was $34.3B
Worldwide:$189.6B
Q: What do direct sales companies sell?
A: Clothing & Accessories, Cosmetics & Personal Care, Home Care Household Goods &
Durables, Wellness, Books, Toys, Stationery, Foodstuff & Beverages, Home Improvement, Utilities, Financial Services, etc
Top Categories:
Wellness 34%
Cosmetics & Personal Care 32%
Household Goods & Durables 11%
Clothing & Accessories 7%
Q: What is the cost of the solution? Is it afforable for the average direct seller?
A: Based on client videos, we know the app is sold buy VERB customers to their direct sales force $10-$25/mo range. Could be higher or lower, but these are numbers that we know of.
The average direct sales associate makes ~$2,000/yr in the US. Some make a lot more, enough to get a Mercedes and other perks. Spending a hundred or two on a tool to increase sales in this field may not be much different than having a car & app available to be a uber/lyft driver. Tools of the trade.
Q: Are these one-time, monthly or yearly cost?
A: VERB direct sales app is a subscription model and not a one-time purchase so revenue is ongoing
Q: What is the retention rate or dropout rate?
A: Not reported, but likely equal to the markets they serve. From the user base first reported in August 2019 until now, the growth has been substantial.
Q: What does the mobile app look like? Can I download it?
A: If you are a direct sales associate and signed up, you can download and logon. The app has a lot of feature for a direct sales associate including sharing personalized videos and messages, qualifying potential customers, drip campaigns, sampling, analytics and more.
Q: Couldn't I do some of this with email, microsoft paint and the camera on my phone?
A: You could do some of it and spend 10 times longer for likely worse results. Many people in the direct sales do it part-time which cuts into their free time. Less time spend with greater results in the goal of anyone in sales
Q: Are there competitors in this space?
A: The annual DSA conference is coming up in the US. If you go here and look up all the vendors there are no real compititors that I found but please look yourself
Q: Does VERB have any other products?
A: This is just one of their product and just one division of the company. The same technology and model can be used in a number of industries/areas like real estate, education, insurance, recruiting, etc.
Q: Does VERB have any partners yet?
A: Yes. VERB has partnered with a number of companies including Oracle, Adobe, Microsoft, Oodo, Shopify, Instapage, Waymark, DR2 Interactive, Getty Images.
Q: Do you have any links on direct sales I can look up info myself?
A:
https://www.dsa.org/
https://wfdsa.org
http://annualmeeting.dsa.org
Q: I read the PR that Stream Energy launched an app using VERB technology. Any links on that?
A:
https://player.vimeo.com/video/330789035?colo...portrait=0
https://www.youtube.com/watch?v=cLkxTJ4NUM8
Q: Can I try out the VERB interactivity for free without download the app?
A: Yes, takes a minute or two to TAGG a video: https://www.myverb.com/
Q: I'm not in direct sales, but I would like to use the app for my business. Is there a version I can download and use?
A: Yes and the first month is only a dollar: https://taggcrm.app
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