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XanGoXanGo LLC is multi-level (MLM) company from Utah (city Lehi). Trivia: Lehi city, in Utah, in which XanGo LLc is based, took name after Lehi who was a prophet in the Book of Mormon. Lehi city population is about 35 thousand people.The product of this company is famous multi-fruit drink, a beverage called XanGo Juice , that is believed to be very healthy and kind of health drug, promoted as a dietary supplement. It is also quite expensive, as its price is up to about 36-37$ for one bottle! The xango mangosteen juice has proprietary formula and contains several friut juices, plus mangosteen juice, plus xanthones from mangosteen. It was patented, but then United States Patent and Trademark Office revoked patent. Growth of sales In 2003 sales of XanGo were $40 million, year later $150 million In 2006 sales were more than $300 million. In 2009 comapny expects (or, have a goal of) $1 billion in sales. Company has more than 600 employees and half million (!) independent distributors. XanGo sponsors: Real Salt Lake, soccer team and arts council of Orem for operating the "XanGo Grand Theater". Company claims that it givs 5 to 7 percent of net profit to charity. It cannot be chcked, as it is a private company, and does not publish financial statements. Gary Hollister, Chairman, and Aaron Garrity, CEO of XanGo, LLC were named finalists in the Ernst and Young Entrepreneur of the Year Award 2006 in the Emerging Category. "e;XanGo is honored to be a part of Ernst&Young's Entrepreneur of the Year awards. (...)" said Hollister. "As the emerging leader in the worldwide natural products industry, we are proud to see our perseverance and determination lead the way in creating and sustaining a distinguished entrepreneurial spirit."e; Quted from presx release, made by XanGo LLC. How to become xango distributorTo join xango jou have to find another xango distibutor, who will tell you about bussiness opportunity of xango home bussines, perhaps using a powerpoint presentation.XanGo compensation planIt is an MLM, nine layers deep.Network Marketing Business Journal and xangoNetwork marketing business journal, the international trade publication for network & Multi-level marketing in March, 2005 called XanGo "Company of the month" and The coice of MLM Leaders. The reprints can be bought if you want to impress your downline :) In March, 2006 Network Marketing Business Journal in its Main Feature Article, Page 1, wrote:"XanGo Hits Critical Mass in 2006" "Last year XanGo predicted it would be one of the fastest companies in the history of network marketing to become a billion dollar company. Looking at growth in 2005 and projections for 2006, now we're predicting than XanGo could beat eBay, becoming the fastest company of all time to reach one billion dollars in annual sales..." The Article is on page 1, and through pages 7, 8, 9, 10, and even 11. It is complimentary of XanGo, and informative. Some people think Xango is scam No comments. Be the first to add your comment / two cents / valuable insight! Add your comment |
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