Pretty much as I expected. Quixtar sales were probably down in the traditional fiscal year ending in September and then the sales were up in the new reporting year (Jan – Dec).
The average percentage pay out for the top 30 Network Marketing companies is 37.4%. Quixtar paid out a little over 33%, up from 30.4% in 2005 (that’s a good sign, but still lower than average and well lower than many good companies).
If you are looking to find a growing company in the Network Marketing industry, I’m not sure that Quixtar would qualify. The total sales numbers are huge and if I worked at Quixtar, I would be proud of them but the growth is stagnant:
Quixtar Fiscal Year Sales:
2003 – $1.035 Billion
2004 – $1.100 Billion
2005 – $1.058 Billion
2006 – ????
Calander year sales for Quixtar in 2005 were $1.094 billion and $1.118 billion in 2006.
That is the equivalant of going from 1094PV top 1118PV.
The sales numbers are huge, but let’s think about these numbers in terms of your own business, (at the 1000PV level for example). A 1000PV pin would have run the following numbers based on Quixtar’s overall growth:
2003: 1035PV – Approximate Monthly Bonus Check $140 to $180
2004: 1100PV – Approximate Monthly Bonus Check $150 to $190
2005: 1094PV – Approximate Monthly Bonus Check $150 to $190
If you want to make money in the Network Marketing industry, you must find a growing company.
Quixtar Inc. today
announced fiscal 2006 sales of $1.118 billion and IBO earnings of
$370.1 million in bonuses and other incentives.
GRAND RAPIDS, Mich. (PRWEB) February 2, 2007 — Quixtar Inc.
today announced fiscal 2006 sales of $1.118 billion, the fourth
consecutive year in which the company surpassed the billion-dollar
mark. This is the first year Quixtar has announced sales since
switching to a fiscal year ending Dec. 31. Previously, Quixtar and
other Alticor subsidiaries operated on a fiscal year ending Aug. 31.No matter how it’s sliced, 2006 represented a growth year for Quixtar,
Alticor’s business opportunity company in the U.S. and Canada. The
company’s highest annual sales total ever represented a 2.2 percent
increase over 2005 calendar year sales of $1.094 billion. Quixtar
reported sales of $1.058 billion for the fiscal year that ended Aug.
31, 2005, and sales for the four-month period between that fiscal year
and the beginning of 2006 were $376 million.In 2006, Quixtar Independent Business Owners (IBOs) also generated
$84.6 million in revenues for Quixtar’s online Partner Stores, an
increase of 9.1 percent from $75.5 million in calendar 2005. Partner
Store sales reported for fiscal 2005 were $76 million, and IBOs
generated another $28.1 million in Partner Store sales for the last
four months of 2005.
WHAT!? Are you out of your mind?
What do you think this means?
"The company's highest annual sales total ever represented a 2.2 percent increase over 2005 calendar year sales of $1.094 billion. Quixtar reported sales of $1.058 billion for the fiscal year that ended Aug. 31, 2005"
I suspect that they meant to say "$1.058 Billion for the fiscal year that ended Aug. 31st, 2006" because they just stated 2005 sales as $1.094 Billion.
They might have weird math in Europe, but even in U.S. public school, $1.058 is less than $1.094 and none of these number are good for a person that wants to build a business with a growing company.
Quixtar says: $1.118 sales for calendar year 2006 and $1.094 for calendar year 2005. The difference is $240 million. Divide that by their 370,000 IBOs and you will see that each IBO increased his sales by $64.86 for the year. That means that the average IBO has increased his sales $5.40 per month in 2006 verses 2005. WOW. Five dollars and forty cents a month. That is surely staggering growth. Consider increased cost of products and inflation & you cannot deny that the average IBO is worse off in 2006 than in 2005.
I see what they are trying to say now. So they did not announce what the fiscal year 2006 sales were. I will adjust my post.
Good one Ty, assume 2006 sales are the same as 2005 fiscal year sales, with no evidence at all, and then claim sales were down! well done! lol!