What Is Vemma And How Is It Changing Network Marketing As We Know It?
What is Vemma, and why have they made big news lately? If you are in the network marketing industry, you may be involved with selling Vemma, which is a company that makes nutritional products, especially vitamin and energy drinks.
In November of 2013, Vemma CEO BK Boreyko announced Vemma 2.0 coming in January 2014. Vemma wants to rebrand itself in a new way and go back in the marketplace with a fresh way of doing business for itself.
What is Vemma going to become?
It will be converting itself from a network marketing company to an affiliate marketing company.
Or at least it will be calling itself an affiliate marketing company.
“In April, 2014, the company announced that it was modifying its compensation plan by removing sign-up fees and the $150 minimum monthly product purchase to qualify for commission, among other things. Boryeko stated that the changes were intended to avoid the fallout from the Federal Trade Commission that has happened to other multi-level marketing companies, such as Herbalife.” – Wikipedia