It looks like the excitement behind Mannatech’s move to a Social Entrepreneur model (Mission 5 Million) is starting to pay dividends in worldwide sales.
“Mannatech, Incorporated (NASDAQ: MTEX), a leading developer and provider of nutritional supplements and skin care products based on Real Food Technology(R) solutions, today reported a net income of $0.8 million, or $0.30 per diluted share, for the second quarter ending June 30, 2013, as compared to a net loss of $2.5 million, or $0.93 per diluted share, for the second quarter of 2012. Net sales for the second quarter of 2013 were $44.8 million, an increase of 2.7% as compared to $43.6 million in the second quarter of 2012.”
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Mannatech always had great products, but the company was product focused in an unsustainable way.
The new model shifts out of the traditional MLM/Network Marketing space and into one of the fastest growing business models in the world, Social Entrepreneurism.
Through a new leveraged compensation plan, Mannatech is paying would-be Social Entrepreneurs to spread the word about it’s M5M campaign to connect 5 million Real Food Technology consumers with 5 million malnourished children.
I believe that if the message remains about the kids, this company will move even higher up the ranks. I am not familiar with the comp plan but if the vision remains on the mission, everything else takes care of itself.