Welcome to the VERB Technology Company, Inc - NASD
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Posted On: 06/03/2019 1:34:52 PM
Welcome to the VERB Technology Company, Inc - NASDAQ Board
| myVERB.com | Twitter | Facebook | Instagram | LinkedIn | SEC Filings |
VERB Back to Basics
May 31, 2019 - VERB Utah
May 24, 2019 - VERB Newport Beach
Recent Company Updates
May 29, 2019 - Transcript for the VERB Stockholder Update Call
May 24, 2019 - VERB Stockholder Update Call
May 15, 2019 - VERB First Quarter 2019 Financial Results Webcast
May 15, 2019 - VERB Reports Consolidated, Unaudited and Pro Forma First Quarter Revenue of $4 Million, an Increase of 44.5% Year-Over-Year and a 40% Increase In Digital Revenue Over Prior Quarter
Latest CEO Report
Verb - The Ultimate Direct Sales Tool - DSA
Sound Concepts & VERB Leadership Roundtable
Investor Roadshow Presentation
taggCRM Demo
Road to Nasdaq - Ring the Bell
Corporate Law Center BLPS: Rory J. Cutaia ‘85
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
Recent Customer Announcements
May 31, 2019 - VERB Adds Leading Health Care Provider OnDoc to Its Client Roster
“We have worked with the VERB team in the past and it’s no secret why their technology leads the industry,” Mr. Wilson commented. “We want to give our leaders the tools they need to not only share the OnDoc message with others, but to help them be as successful as they can be. This application provides numerous benefits, particularly during a time during when healthcare continues to become more complex and costly. “We have worked with the VERB team in the past and it’s no secret why their technology leads the industry,” Mr. Wilson commented. “We want to give our leaders the tools they need to not only share the OnDoc message with others, but to help them be as successful as they can be. This application provides numerous benefits, particularly during a time during when healthcare continues to become more complex and costly. "
May 24, 2019 - PrimeMyBody To Adopt VERB’s Interactive Video CRM Sales App For Global Expansion
“After having spent three decades in the direct sales space, I have yet to find anything that rivals the innovation, experience, and opportunity created by VERB Technology for network marketers,” stated Paul Rogers, CEO of Prime My Body. “I look forward to watching PrimeMyBody affiliates grow their business from the palm of their hands,” continued Mr. Rogers.
May 17, 2019 - revital U International Unveils New Sales App with VERB’s Interactive Video Features
“We have been looking forward to launching our application in our second market, the United Kingdom,” said Andy McWilliams, CEO of revital U. “We have leaders and teams here who are doing some pretty remarkable things. And key to that is the revital U app, which offers a powerful interactive video functionality to couple with our sampling platform as we enter Europe and other markets.”
May 09, 2019 - SeneGence International Unveils New Sales App With Verb’s Interactive Video Features
"The new interactive video feature allows our Independent Distributors to connect and engage in new ways like never before in relationship marketing,” stated Kirsten Aguilar, SeneGence’s Executive Vice President of Global Marketing. “We are excited to see this technology push SeneGence’s world class beauty products to new heights.”
May 03, 2019 - VERB Launches Interactive Learning Platform With New York’s Sachem Central School District
“We’ve already been piloting use of VERB’s technology with a group of educators and administrators and the response we’ve received has been overwhelming,” stated Erin Hynes, Asst. Superintendent for Curriculum and Instruction at Sachem CSD. “As a result, we’ll be rolling out the VERB platform to students and faculty alike for the upcoming school year across our secondary education buildings.”
April 25, 2019 - Verb Adds Market Leader Stream Energy to Growing Client Roster
“The highlight of the event was the launch of the Stream Share app which provides our Independent Associates with powerful and entirely unique tools to build their business with greater efficiency and enjoy success in ways never before seen,” commented George Pinon, Stream’s Vice President of Information Technology. “Particularly exciting was the release of the system’s interactive video functionality. This feature allows our Independent Associates to create their own custom video content while embedding custom links to their personal website right in the video. This is a highly professional and developed product that will continue to distinguish Stream as a forward-thinking leader within the direct sales industry.”
April 09, 2019 - VERB Announces Customer Agreement With the National Association of Health Underwriters
“We are thrilled to be using the Verb platform to enhance our outreach and member engagement,” says Janet Trautwein, CEO of NAHU. “We strongly believe in the power of video, and Verb’s technology takes it a step further. There are endless applications for this technology.”
Recent Technology Partnerships
April 29, 2019 - VERB Announces Strategic Partnership With Waymark Video Creation Platform
“VERB’s technology will give our users the ability to make their Waymark videos more engaging by adding clickable taggs, in addition to providing access to detailed video analytics and actionable insights,” said Nathan Labenz, CEO at Waymark. “The combination of VERB and Waymark’s technologies will offer users an outlet to produce and distribute content that can truly drive substantial conversion while adding value broadscale.”
March 28, 2019 - Verb Tech Co Announces Business Partnership with Adobe
“By integrating our proprietary, next-generation interactive Tagg video technology into the unique solutions provided by Adobe, we will offer the market unparalleled levels of engagement and higher conversion rates through our clickable in-video “taggs” as well as real-time viewer analytics.”
Feb. 27, 2019 - Verb Announces LOI with Getty Images for Upcoming Video Store Ecosystem
“Getty Images is the industry leader and we’re proud to welcome them into the exciting future of interactive tagg video sales and marketing tools that are creating meaningful value for our clients and customers,” states Rory J. Cutaia, CEO of Verb. Getty Images will provide enormous value for users hesitant to get in front of the camera, or those who don’t have the budget to engage a video production house. Getty Images videos combined with Verb’s innovative technology will yield content that takes video as we know it to an entirely new level.”
Feb. 21, 2019 - VERB Announces The Addition of Shopify For In-Video Product Purchasing
“Providing our users an outlet to build their online presence through Shopify, and then market and sell their products using Verb’s tagg video technology, reduces friction from the sales process and gives our users the power to grow their businesses rapidly. Because of the strong and abundant interest our users have expressed in bundling an e?commerce solution with our taggCRM app, we expect the revenue derived through our Shopify affiliation to be an additional profit center for us, as we can continue to build stockholder value.”
Feb. 01, 2019 - nFusz Joins the Microsoft Partner Network
“We will now be able to accelerate the integration of our next-generation interactive video technology into the full suite of Microsoft products in partnership with Microsoft to ensure our products are marketed to the largest target audience possible. This agreement is another demonstration of the value creation that is possible through our partnership integration strategy with well-respected, global technology leaders.”
Jan. 11, 2019 - Fusz and Instapage Announce Strategic Partnership
“The ability for marketing professionals and agencies to create custom, engaging post-click experiences at scale has yielded average conversion rates above 22%,” stated Yon Xiao, Director of Product at Instapage. “We’ve previously been limited in regard to the video analytics we’ve been able to offer our clients. However, customers will have complete transparency in calculating their video marketing ROI with the full suite of video analytics offered by nFusz,” continued Mr. Xiao.
VERB's Direct Sales Platform
Q: How many people are in 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 enough 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. 2018 numbers should be coming but the total sales are substantial 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 affordable 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 2018 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 competitors 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?
A: Yes. VERB has partnered with a number of companies including Facebook, Salesforce,Oracle, Adobe, Microsoft, Oodo, Shopify, Instapage, Waymark, DR2 Interactive, Getty Images.
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: How many companies in the direct selling space?
A: There are over 10,000+ Direct Selling companies worldwide
Q: How much do they make?
A: About 30 make more than $1B in revenue. Over 100 make over $100M. The top 200 total over $100B.
Q: How many direct sales companies are customers of VERB?
A: VERB currently has approximately 93 clients in the network marketing and affiliate marketing sector, which include Young Living Essential Oils, Isagenix International, Vasayo, Nu Skin, Nerium, Forever Living, Seacret Spa among many others.
Q: You listed less than a dozen, who are the 80+ others?
A: That list was from the April prospectus where the company can't list all of them. There are 30 listed on the VERB's Sound Concept site as well. Keep in mind some of the largest companies in the world will not allow a supplier to publish their name.
Q: Are any of these companies larger ones that I would know?
A: Nu Skin, as an example, is a company from Provo Utah with $2.68 billion in 2018 revenue up 18% last year. Nu Skin is also traded on the New York Stock Exchange under the symbol "NUS." More information is available at nuskin.com.
Q: How many customers does a company like Nu Skin have?
A: In Asia/Pacific alone they had 1,244,000 customers. Other markets were not published.
Q: How many employees and sales associates does Nu Skin have?
A: As of December 31, 2018, Nu Skin had approximately 4,900 full- and part-time employees worldwide. According to wikipedia, 1.2 million independent distributors
Q: Could many of those independent distributors from Nu Skin be VERB subscribers one day? That would be a lot of users just from one company.
A: Potentially. The Direct Sales space is huge, dominated by some very large companies like Nu Skin
Q: What about the smaller companies? You mentioned 10,000+
A: VERB's customer Valentus is a good example of a small company starting out in 2014 selling coffee. Today they have sales of $50M which is no longer small. BTW, Valentus is Latin for Pevail
Q: Do all those small companies become big companies?
A: No, like many industries, the larger companies acquire good small companies with great products and a strong customer base
Q: I am interesting some extra coin. How much can you make?
A: The average Top Earner in Direct Selling is earning approximately $20,000 per month / $240,000 per year based on 8,000+ ranks and 500+ distributors are making $1+ million a year. You'll will also see spouses teaming up to successfully make significant money.
Q: Wow, I had no idea. I realize that might be years off and a lot of hard work, but how does someone get started?
A: For Example, to be a distributor at one company, you purchase one of the five (5) product packages. Product packages along with a $20 distributor sign-up fee:
Basic Pack – $59.95 | Starter Pack – $129.95 | Advanced Pack – $199.95 | Lifestyle Pack – $499.95 | Business Builder Pack – $499.95
With 25% of the company’s overall profits paid out weekly to its distributors. Start-up bonuses can go as much as $100 and their legacy coded bonuses cap out at $100, too, in higher rankings. Team commissions can go as high as $100,000 *per week* with matching bonuses of 20% starting at the 7th rank. 1% of the company’s total global volume is shared among the enrollment pool and they also offer vehicle bonuses of $400 to $3000 per month based on performance. There are 7 levels of commission based on ranking: Silver, Gold, Platinum, Ruby, Emerald, Diamond, Double Diamond, Triple Diamond, Blue Diamond, Royal Diamond, Black Diamond, Crown Diamond, and lastly, Crown Ambassador.
With each level you achieve, so too does your income.
Q: Why doesn't the company just give me the product for free and I'll sell it. I don't have $20 to sign up or $59 to buy a basic package?
A: So you have skin in the game and incentive. If they gave you the product for free, how would they ever ensure you wouldn't just keep it and do nothing? Many of these companies also give you the ability to give away free samples with a small shipping charge. That is one of the best features of the VERB app.
Q: All interesting stuff, but back to VERB. How do they sell their products and make money?
A: Thought you'd never ask. This is where it's gets really, really interesting. VERB sells the solution to Direct Sales organizations. There is likely a one-time fee for setup and then ongoing cost. Some companies will set a base ongoing charge plus $X per user, where others might just bake it into a minimum number of user charge plus $X for over that number. There could be other companies that mandate, everyone needs to have app to cut a volume subscription deal.
Q: Got it, but those sound like 3 common models. What's so interesting about VERB's sales methodology?
A: Think about how a direct sales company sells. It's on a number of different levels and everyone benefits. Everybody who is selling at a direct sales company will make money.
VERB sells the app to a direct sales company who in some cases (i.e. Stream Energy), is selling the value proposition to their first line, who then are selling it to their downline. The direct sales company is possibly making money from selling the app AND they are VERB's extended sales team. Who better to sell an app then insiders of a company and there is a lot of incentive.
Q: Brilliant! Would this work for other markets?
A: In the industry, it's typically called a re-seller, but in the case of direct sales, they have a double incentive with the second one being increased product sales through the use of cutting edge technology. This is a very different than the deals with Oracle, Adobe, etc.
Q: If VERB sells the app for say $10/mo to a direct sales organization to pick a number, if they in turn are reselling it internally, doesn't that cut into VERB's margins?
A: Not if VERB's customer is selling for $24.95 or $49.95
Q: I think I am catching on. It's almost like VERB is using the direct sales model to sell their app. But there are 10,000+ direct sales companies. Wouldn't VERB have to, at the very least, sell to all of them to be successful?
A: No. Half the Direct Sales market is owned by 200 companies. Many of the independent distributor work for those 200 companies. Of the almost 100 clients VERB has, for the ones you can see, take a look how many are in the top 200.
Q: Got it. Dominate the top 100 or 200 Direct Sales companies. So if one of those customers has 5000 users today and a total of 50,000 associates, even within that company, you could have 1000% growth?
A: Good math and guess who is likely doing the selling within the company for you. Hint: It's not VERB
Q: Can I try out the VERB interactivity for free without downloading the app?
A: Yes, very quick and simple to TAGG a video here: 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
Q: Do you have any links on direct sales I can look up info myself?
A:
https://www.dsa.org/
https://wfdsa.org
https://www.businessforhome.org/
http://annualmeeting.dsa.org
VERB's taggEDU Learning Platform
Q: Does VERB have any other platforms besides Direct Sales?
A: Yes, a number of other platforms including taggEDU Learning Platform that was launched on May 3, 2019
VERB Launches Interactive Learning Platform With New York’s Sachem Central School District
Q: How is it sold? Does a school buy one license and everyone shares it?
A: In the case with New York’s Sachem Central School District, which is the largest suburban school district in New York, they are licensed for administrators, educators and students
Q: Do schools get a license for every student too?
A: Sachem School District has nearly 15,000 students enrolled and their taggEDU licenses covers 7,950 users which include middle school and high school students (all but K-5).
Q: Why would a school use interactive video and do you have an example?
A: It's a great way for the administration and teachers to communicate with students and parents. Feedback from parents in many districts is schools could do a much better job and VERB's taggEDU us a great platform to communicate and provide interactive links to sites, newsletters, events, homework, etc. Students can also take advantage of the platform when creating presentations and other assignments. Analytics also give you insights to when someone watched the video, what they clicked on, etc. taggEDU is the perfect platform even on snow days for students remote
https://media.nfusz.com/player/7D50ycGs
https://media.nfusz.com/player/rARmO7eg
https://nfusz.com/super/ajax/ajax2.php?mediaid=iWd7dg
https://nfusz.com/super/ajax/ajax2.php?mediaid=iWd6eQ
Q: How much revenue does VERB make on taggEDU
A: The program has recently launched and pricing has not been publicly shared. Companies like Apple, Google and others have given way their technology to schools or at a significant discount for a number of reasons including, it's a good thing to do. It's also a smart thing to do as it gets the technology into the hands of the next generation and accelerates adoption.
Q: Would parents need to buy a license to view or interact with the video?
A: It's free to view and interact.
Q: Awesome, I like free. If my Son or Daughter made a video, where would I go to see it?
A: That is the beauty of the VERB technology. Unlike products from other companies and social sites like Facebook, Instagram, Twitter, Youtube, etc. you don't need to go to one place to see it. It can be placed where the audience is.
Q: Wow, I heard about this multi-channel something or other technology but never used it. What does that really mean?
A: VERB technology platform is device, browser and site agnostic. Meaning you can distribute and share almost every which way. The term multi-channel means you can take the same content (i.e. interactive video) and distributed it to any and all media distribution channels like email, text, Linkedin, Facebook, Instagram, Twitter to name a few.
Q: This sounds like something I could use for my business. Is it just for schools?
A: For businesses from sole proprietorship's to billion dollar companies, VERB has a platform called taggCRM for sales and marketing. Many companies already use videos to communicate, sell products, support, etc. but are learning how simple it is to make them interactive and get much more value out of the videos for their company and for their customers.
Disclaimer: The information above was put together by shareholders based on news and information from the internet and not by the company. You are encouraged to go to the company website linked at the top do you own research before making any investment decisions.
| myVERB.com | Twitter | Facebook | Instagram | LinkedIn | SEC Filings |
VERB Back to Basics
May 31, 2019 - VERB Utah
May 24, 2019 - VERB Newport Beach
Recent Company Updates
May 29, 2019 - Transcript for the VERB Stockholder Update Call
May 24, 2019 - VERB Stockholder Update Call
May 15, 2019 - VERB First Quarter 2019 Financial Results Webcast
May 15, 2019 - VERB Reports Consolidated, Unaudited and Pro Forma First Quarter Revenue of $4 Million, an Increase of 44.5% Year-Over-Year and a 40% Increase In Digital Revenue Over Prior Quarter
Latest CEO Report
Verb - The Ultimate Direct Sales Tool - DSA
Sound Concepts & VERB Leadership Roundtable
Investor Roadshow Presentation
taggCRM Demo
Road to Nasdaq - Ring the Bell
Corporate Law Center BLPS: Rory J. Cutaia ‘85
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
Recent Customer Announcements
May 31, 2019 - VERB Adds Leading Health Care Provider OnDoc to Its Client Roster
“We have worked with the VERB team in the past and it’s no secret why their technology leads the industry,” Mr. Wilson commented. “We want to give our leaders the tools they need to not only share the OnDoc message with others, but to help them be as successful as they can be. This application provides numerous benefits, particularly during a time during when healthcare continues to become more complex and costly. “We have worked with the VERB team in the past and it’s no secret why their technology leads the industry,” Mr. Wilson commented. “We want to give our leaders the tools they need to not only share the OnDoc message with others, but to help them be as successful as they can be. This application provides numerous benefits, particularly during a time during when healthcare continues to become more complex and costly. "
May 24, 2019 - PrimeMyBody To Adopt VERB’s Interactive Video CRM Sales App For Global Expansion
“After having spent three decades in the direct sales space, I have yet to find anything that rivals the innovation, experience, and opportunity created by VERB Technology for network marketers,” stated Paul Rogers, CEO of Prime My Body. “I look forward to watching PrimeMyBody affiliates grow their business from the palm of their hands,” continued Mr. Rogers.
May 17, 2019 - revital U International Unveils New Sales App with VERB’s Interactive Video Features
“We have been looking forward to launching our application in our second market, the United Kingdom,” said Andy McWilliams, CEO of revital U. “We have leaders and teams here who are doing some pretty remarkable things. And key to that is the revital U app, which offers a powerful interactive video functionality to couple with our sampling platform as we enter Europe and other markets.”
May 09, 2019 - SeneGence International Unveils New Sales App With Verb’s Interactive Video Features
"The new interactive video feature allows our Independent Distributors to connect and engage in new ways like never before in relationship marketing,” stated Kirsten Aguilar, SeneGence’s Executive Vice President of Global Marketing. “We are excited to see this technology push SeneGence’s world class beauty products to new heights.”
May 03, 2019 - VERB Launches Interactive Learning Platform With New York’s Sachem Central School District
“We’ve already been piloting use of VERB’s technology with a group of educators and administrators and the response we’ve received has been overwhelming,” stated Erin Hynes, Asst. Superintendent for Curriculum and Instruction at Sachem CSD. “As a result, we’ll be rolling out the VERB platform to students and faculty alike for the upcoming school year across our secondary education buildings.”
April 25, 2019 - Verb Adds Market Leader Stream Energy to Growing Client Roster
“The highlight of the event was the launch of the Stream Share app which provides our Independent Associates with powerful and entirely unique tools to build their business with greater efficiency and enjoy success in ways never before seen,” commented George Pinon, Stream’s Vice President of Information Technology. “Particularly exciting was the release of the system’s interactive video functionality. This feature allows our Independent Associates to create their own custom video content while embedding custom links to their personal website right in the video. This is a highly professional and developed product that will continue to distinguish Stream as a forward-thinking leader within the direct sales industry.”
April 09, 2019 - VERB Announces Customer Agreement With the National Association of Health Underwriters
“We are thrilled to be using the Verb platform to enhance our outreach and member engagement,” says Janet Trautwein, CEO of NAHU. “We strongly believe in the power of video, and Verb’s technology takes it a step further. There are endless applications for this technology.”
Recent Technology Partnerships
April 29, 2019 - VERB Announces Strategic Partnership With Waymark Video Creation Platform
“VERB’s technology will give our users the ability to make their Waymark videos more engaging by adding clickable taggs, in addition to providing access to detailed video analytics and actionable insights,” said Nathan Labenz, CEO at Waymark. “The combination of VERB and Waymark’s technologies will offer users an outlet to produce and distribute content that can truly drive substantial conversion while adding value broadscale.”
March 28, 2019 - Verb Tech Co Announces Business Partnership with Adobe
“By integrating our proprietary, next-generation interactive Tagg video technology into the unique solutions provided by Adobe, we will offer the market unparalleled levels of engagement and higher conversion rates through our clickable in-video “taggs” as well as real-time viewer analytics.”
Feb. 27, 2019 - Verb Announces LOI with Getty Images for Upcoming Video Store Ecosystem
“Getty Images is the industry leader and we’re proud to welcome them into the exciting future of interactive tagg video sales and marketing tools that are creating meaningful value for our clients and customers,” states Rory J. Cutaia, CEO of Verb. Getty Images will provide enormous value for users hesitant to get in front of the camera, or those who don’t have the budget to engage a video production house. Getty Images videos combined with Verb’s innovative technology will yield content that takes video as we know it to an entirely new level.”
Feb. 21, 2019 - VERB Announces The Addition of Shopify For In-Video Product Purchasing
“Providing our users an outlet to build their online presence through Shopify, and then market and sell their products using Verb’s tagg video technology, reduces friction from the sales process and gives our users the power to grow their businesses rapidly. Because of the strong and abundant interest our users have expressed in bundling an e?commerce solution with our taggCRM app, we expect the revenue derived through our Shopify affiliation to be an additional profit center for us, as we can continue to build stockholder value.”
Feb. 01, 2019 - nFusz Joins the Microsoft Partner Network
“We will now be able to accelerate the integration of our next-generation interactive video technology into the full suite of Microsoft products in partnership with Microsoft to ensure our products are marketed to the largest target audience possible. This agreement is another demonstration of the value creation that is possible through our partnership integration strategy with well-respected, global technology leaders.”
Jan. 11, 2019 - Fusz and Instapage Announce Strategic Partnership
“The ability for marketing professionals and agencies to create custom, engaging post-click experiences at scale has yielded average conversion rates above 22%,” stated Yon Xiao, Director of Product at Instapage. “We’ve previously been limited in regard to the video analytics we’ve been able to offer our clients. However, customers will have complete transparency in calculating their video marketing ROI with the full suite of video analytics offered by nFusz,” continued Mr. Xiao.
VERB's Direct Sales Platform
Q: How many people are in 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 enough 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. 2018 numbers should be coming but the total sales are substantial 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 affordable 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 2018 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 competitors 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?
A: Yes. VERB has partnered with a number of companies including Facebook, Salesforce,Oracle, Adobe, Microsoft, Oodo, Shopify, Instapage, Waymark, DR2 Interactive, Getty Images.
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: How many companies in the direct selling space?
A: There are over 10,000+ Direct Selling companies worldwide
Q: How much do they make?
A: About 30 make more than $1B in revenue. Over 100 make over $100M. The top 200 total over $100B.
Q: How many direct sales companies are customers of VERB?
A: VERB currently has approximately 93 clients in the network marketing and affiliate marketing sector, which include Young Living Essential Oils, Isagenix International, Vasayo, Nu Skin, Nerium, Forever Living, Seacret Spa among many others.
Q: You listed less than a dozen, who are the 80+ others?
A: That list was from the April prospectus where the company can't list all of them. There are 30 listed on the VERB's Sound Concept site as well. Keep in mind some of the largest companies in the world will not allow a supplier to publish their name.
Q: Are any of these companies larger ones that I would know?
A: Nu Skin, as an example, is a company from Provo Utah with $2.68 billion in 2018 revenue up 18% last year. Nu Skin is also traded on the New York Stock Exchange under the symbol "NUS." More information is available at nuskin.com.
Q: How many customers does a company like Nu Skin have?
A: In Asia/Pacific alone they had 1,244,000 customers. Other markets were not published.
Q: How many employees and sales associates does Nu Skin have?
A: As of December 31, 2018, Nu Skin had approximately 4,900 full- and part-time employees worldwide. According to wikipedia, 1.2 million independent distributors
Q: Could many of those independent distributors from Nu Skin be VERB subscribers one day? That would be a lot of users just from one company.
A: Potentially. The Direct Sales space is huge, dominated by some very large companies like Nu Skin
Q: What about the smaller companies? You mentioned 10,000+
A: VERB's customer Valentus is a good example of a small company starting out in 2014 selling coffee. Today they have sales of $50M which is no longer small. BTW, Valentus is Latin for Pevail
Q: Do all those small companies become big companies?
A: No, like many industries, the larger companies acquire good small companies with great products and a strong customer base
Q: I am interesting some extra coin. How much can you make?
A: The average Top Earner in Direct Selling is earning approximately $20,000 per month / $240,000 per year based on 8,000+ ranks and 500+ distributors are making $1+ million a year. You'll will also see spouses teaming up to successfully make significant money.
Q: Wow, I had no idea. I realize that might be years off and a lot of hard work, but how does someone get started?
A: For Example, to be a distributor at one company, you purchase one of the five (5) product packages. Product packages along with a $20 distributor sign-up fee:
Basic Pack – $59.95 | Starter Pack – $129.95 | Advanced Pack – $199.95 | Lifestyle Pack – $499.95 | Business Builder Pack – $499.95
With 25% of the company’s overall profits paid out weekly to its distributors. Start-up bonuses can go as much as $100 and their legacy coded bonuses cap out at $100, too, in higher rankings. Team commissions can go as high as $100,000 *per week* with matching bonuses of 20% starting at the 7th rank. 1% of the company’s total global volume is shared among the enrollment pool and they also offer vehicle bonuses of $400 to $3000 per month based on performance. There are 7 levels of commission based on ranking: Silver, Gold, Platinum, Ruby, Emerald, Diamond, Double Diamond, Triple Diamond, Blue Diamond, Royal Diamond, Black Diamond, Crown Diamond, and lastly, Crown Ambassador.
With each level you achieve, so too does your income.
Q: Why doesn't the company just give me the product for free and I'll sell it. I don't have $20 to sign up or $59 to buy a basic package?
A: So you have skin in the game and incentive. If they gave you the product for free, how would they ever ensure you wouldn't just keep it and do nothing? Many of these companies also give you the ability to give away free samples with a small shipping charge. That is one of the best features of the VERB app.
Q: All interesting stuff, but back to VERB. How do they sell their products and make money?
A: Thought you'd never ask. This is where it's gets really, really interesting. VERB sells the solution to Direct Sales organizations. There is likely a one-time fee for setup and then ongoing cost. Some companies will set a base ongoing charge plus $X per user, where others might just bake it into a minimum number of user charge plus $X for over that number. There could be other companies that mandate, everyone needs to have app to cut a volume subscription deal.
Q: Got it, but those sound like 3 common models. What's so interesting about VERB's sales methodology?
A: Think about how a direct sales company sells. It's on a number of different levels and everyone benefits. Everybody who is selling at a direct sales company will make money.
VERB sells the app to a direct sales company who in some cases (i.e. Stream Energy), is selling the value proposition to their first line, who then are selling it to their downline. The direct sales company is possibly making money from selling the app AND they are VERB's extended sales team. Who better to sell an app then insiders of a company and there is a lot of incentive.
Q: Brilliant! Would this work for other markets?
A: In the industry, it's typically called a re-seller, but in the case of direct sales, they have a double incentive with the second one being increased product sales through the use of cutting edge technology. This is a very different than the deals with Oracle, Adobe, etc.
Q: If VERB sells the app for say $10/mo to a direct sales organization to pick a number, if they in turn are reselling it internally, doesn't that cut into VERB's margins?
A: Not if VERB's customer is selling for $24.95 or $49.95
Q: I think I am catching on. It's almost like VERB is using the direct sales model to sell their app. But there are 10,000+ direct sales companies. Wouldn't VERB have to, at the very least, sell to all of them to be successful?
A: No. Half the Direct Sales market is owned by 200 companies. Many of the independent distributor work for those 200 companies. Of the almost 100 clients VERB has, for the ones you can see, take a look how many are in the top 200.
Q: Got it. Dominate the top 100 or 200 Direct Sales companies. So if one of those customers has 5000 users today and a total of 50,000 associates, even within that company, you could have 1000% growth?
A: Good math and guess who is likely doing the selling within the company for you. Hint: It's not VERB
Q: Can I try out the VERB interactivity for free without downloading the app?
A: Yes, very quick and simple to TAGG a video here: 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
Q: Do you have any links on direct sales I can look up info myself?
A:
https://www.dsa.org/
https://wfdsa.org
https://www.businessforhome.org/
http://annualmeeting.dsa.org
VERB's taggEDU Learning Platform
Q: Does VERB have any other platforms besides Direct Sales?
A: Yes, a number of other platforms including taggEDU Learning Platform that was launched on May 3, 2019
VERB Launches Interactive Learning Platform With New York’s Sachem Central School District
Q: How is it sold? Does a school buy one license and everyone shares it?
A: In the case with New York’s Sachem Central School District, which is the largest suburban school district in New York, they are licensed for administrators, educators and students
Q: Do schools get a license for every student too?
A: Sachem School District has nearly 15,000 students enrolled and their taggEDU licenses covers 7,950 users which include middle school and high school students (all but K-5).
Q: Why would a school use interactive video and do you have an example?
A: It's a great way for the administration and teachers to communicate with students and parents. Feedback from parents in many districts is schools could do a much better job and VERB's taggEDU us a great platform to communicate and provide interactive links to sites, newsletters, events, homework, etc. Students can also take advantage of the platform when creating presentations and other assignments. Analytics also give you insights to when someone watched the video, what they clicked on, etc. taggEDU is the perfect platform even on snow days for students remote
https://media.nfusz.com/player/7D50ycGs
https://media.nfusz.com/player/rARmO7eg
https://nfusz.com/super/ajax/ajax2.php?mediaid=iWd7dg
https://nfusz.com/super/ajax/ajax2.php?mediaid=iWd6eQ
Q: How much revenue does VERB make on taggEDU
A: The program has recently launched and pricing has not been publicly shared. Companies like Apple, Google and others have given way their technology to schools or at a significant discount for a number of reasons including, it's a good thing to do. It's also a smart thing to do as it gets the technology into the hands of the next generation and accelerates adoption.
Q: Would parents need to buy a license to view or interact with the video?
A: It's free to view and interact.
Q: Awesome, I like free. If my Son or Daughter made a video, where would I go to see it?
A: That is the beauty of the VERB technology. Unlike products from other companies and social sites like Facebook, Instagram, Twitter, Youtube, etc. you don't need to go to one place to see it. It can be placed where the audience is.
Q: Wow, I heard about this multi-channel something or other technology but never used it. What does that really mean?
A: VERB technology platform is device, browser and site agnostic. Meaning you can distribute and share almost every which way. The term multi-channel means you can take the same content (i.e. interactive video) and distributed it to any and all media distribution channels like email, text, Linkedin, Facebook, Instagram, Twitter to name a few.
Q: This sounds like something I could use for my business. Is it just for schools?
A: For businesses from sole proprietorship's to billion dollar companies, VERB has a platform called taggCRM for sales and marketing. Many companies already use videos to communicate, sell products, support, etc. but are learning how simple it is to make them interactive and get much more value out of the videos for their company and for their customers.
Disclaimer: The information above was put together by shareholders based on news and information from the internet and not by the company. You are encouraged to go to the company website linked at the top do you own research before making any investment decisions.
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