Posts Tagged ‘Uber’
Always Keeping A Startup Mentality
Jeff Bezos has written a letter to his shareholders each year since the company’s inception. These letters outline Amazon’s long-term mission, culture and values. His 2017 letter, however, stood out more than the others for me. Bezos defined what he calls a Day 1 company vs a Day 2 company. Day 1 companies are: Agile…
Read MoreAnnual Meeting and the Way Forward
It feels like opening day! Or a Broadway premiere. Or the first day of a new job. The excitement is there, palpable. It’s the future— the potential, excitement, fear, danger, and thrill of something new and unknown. That is what I am hearing from direct selling executives across the country as we take the next…
Read MorePaying Daily Could Become Your Best Retention Strategy
Career Builder conducted a survey back in 2017 that confirmed that 78 percent of U.S. workers live paycheck to paycheck to make ends meet. In that same survey, it stated that Nearly 3 in 4 workers say they are in debt today, and more than half think they will always be. This shows why alternative…
Read MoreIs Your Arbitration Clause Enforceable?
With the start of a new year, direct selling companies might benefit from taking a new look at the arbitration clauses designed to protect them from class-action lawsuits. Why? Last week, the Ontario Court of Appeal deemed Uber’s arbitration policy to take advantage of drivers. A panel of three judges ruled on Wednesday that Uber was…
Read MoreWelcome To 2019!
Just as the arrival of a new year allows us start a new chapter and usher in new ideas, we too at Direct Selling News are excited to present to you a few new items for show and tell. As you can see we have added a new coat of paint to our look and…
Read MoreComment or No Comment? – The Art And Science Of Interacting With The Press
Whether or not there’s such a thing as bad publicity has been a matter of various opinions for decades. There’s less disagreement, however, about whether a company facing negative press should respond to the media’s challenges. Media relations professionals to whom Direct Selling News posed the question “When do you meet criticism head on, and…
Read MoreDirect Selling vs. The Gig Economy
What used to be friendly territory is now a battleground. The gig economy is no longer an outlier. According to a recent McKinsey Global report titled Independent Work: Choice, Necessity and the Gig Economy found that 162 million people in Europe and the United States—or 20 to 30 percent of the working-age population—engage in some…
Read MoreA New Age for Direct Selling – In the age of Amazon, how will the industry continue to compete?
They may not be losing the war, but traditional American retailers sure are taking a beating in battle. Forbes has reported that malls and shopping centers lost more than 10,000 stores in 2017, “perhaps the worst year on record,” wrote Ben Gamse, Market Research Manager for the U.S. Direct Selling Association (DSA), in our July issue.…
Read MoreFragile or Agile?
Disruption is coming. How nimble is your company to weather the inevitable storm? Ten years ago, when we needed a ride, we called a cab by default. Then came Uber and Lyft, to the dismay of taxi drivers. Twenty years ago, when we wanted to buy new clothes, we drove to the mall. Then came…
Read MorePayPal to Buy Hyperwallet for $400 Million
Earlier this week, PayPal Holdings Inc. agreed to acquire financial–technology company Hyperwallet Systems Inc. for about $400 million, a deal that augments its offerings to businesses for managing and processing their online and mobile payments. Founded in 2000, Hyperwallet helps individuals and small firms receive payments for goods and services that they sell on online…
Read More