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BigPlanet Companies' information:
"Big Planet has developed an innovative business strategy linking the massive growth principles of network marketing with the unlimited possibilities of the technology revolution to create one of the most exciting opportunities of all time. A wholly owned subsidiary of Nu Skin Enterprises (NYSE: NUS), Big Planet supplies online business solutions for all NSE distributors in addition to providing a unique, technology-focussed business opportunity."
"From the latest technology trends to cutting-edge business tools, Big Planet offers innovative products and services that enhance the quality of life. By combining these high-tech products with the high-touch power of person-to-person marketing, Big Planet's unique opportunity is helping people Live Better."
Big Planet was founded in 1998 as a result of the internet service provider (ISP) boom. It was acquired by Nu Skin Enterprises in 1999 for $37M and today functions as a wholly owned subsidiary. NSE also owns Nu Skin and Pharmanex. The company supplies online business building tools to its distributors in the form of a technoly-based business opportunity. It does this through relationships with a number of companies, including Cisco Systems, EMC, SkyTel, Sun Microsystems, and Oracle. Big Planet products and services are primarily marketed in an online mall format. Distributors are paid commissions on products sold from their website, as well the products sold by other downline distributor sites.
Multi-level marketing was the biggest growth industry in the 1980's. It is the industry that has made corporate giants of Amway, Shaklee, Mary Kay and Herbalife. It has been termed as the last true rags-to-riches opportunity left in North America, and its ability to bring enormous incomes to almost anyone is legend. But there are problems.
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