WorldVentures confirms Seacret Direct acquisition
After months of not paying affiliates and keeping them in the dark, WorldVentures has finally confirmed it is merging with Seacret Direct.
WorldVentures held a corporate webinar on November 12th. On the call was Director of Training, Marc Accetta, who for some reason was in his car wearing a golf cap.
Accetta painted a pretty bleak picture of WorldVentures, dating back long before COVID-19 ramped up earlier this year.
[25:40] Over the last three years we had some growing challenges … and while it was certainly not terrible, it just wasn’t the same amazing growth we’d had for a while.
[27:14] Wayne and Eddie and the executive team started looking for alternative after alternative.
What could we do? What could we do to make this better? What could we do to get out of it? What could we do?
There were just so many different options that they looked through and when all was said and done, about maybe two months ago, everyone looked at each other and said, “man there’s just really nothing”.
WorldVentures’ President Eddie Head was up next, revealing that Seacret Direct first approached WorldVentures four years ago.
According to Head WorldVentures turned down Seacret Direct at the time, although it’s unclear how far negotiations between the two companies went.
Given WorldVentures current predicament, they reengaged Seacret Direct and that led to the acquisition.
WorldVentures co-founder and CEO Wayne Nugent was also on the call, as was Seacret Direct owner and CEO Izhak Ben Shabat.
Thankfully most of the new information was presented early on in the webinar. Nugent and Shabat appeared as ancillary cheerleaders.
What we know of WorldVentures’ acquisition thus far is that WorldVentures will be absorbed into Seacret Direct. WorldVentures will cease to exist, however DreamTrips and travel booking engine will be offered through Seacret Direct.
WorldVentures affiliates who stay on will effectively become Seacret Direct affiliates, working under Seacret Direct’s compensation plan.
Eddie Head stated that more details will be released over the coming weeks.
BehindMLM has published three Seacret Direct reviews over the years. In our latest review in August, we welcomed an apparent focus shift towards retail sales.
Whether that’s translated into an increase in retail sales volume for Seacret Direct however is unclear.
Certainly what with WorldVentures operating as a pyramid scheme, some affiliates will find it hard to transition.
Pending details on how WorldVentures is integrated into Seacret Direct from a compensation perspective, I’m not sure if we’ll be publishing a fourth Seacret Direct review just yet.
This is going to be a “meatball sundae”, to quote Seth Godin. The two companies don’t mesh at all other than they are both supposedly MLMs.
WorldVentures had been suppressing criticism for years. Who can forget them threatening a critic back in 2014?
And Seacret with its supposedly Dead Sea sourced products is hardly without its own controversy, though many are years old. Still, new stuff keep happening.
There’s an article on cosmo.ph where it described pushy salespeople in Phillipines selling “Dead Sea Cosmetics” using the SAME pushy tactics that got them in trouble in the US back in 2014. Just how many companies are hawking Dead Sea products any way?
But the main problem again, is the meatball sundae. The two markets just don’t overlap other than both being luxuries and MLMs.
I don’t see WV people fitting into Seacret genealogy at all. Who would they fit under? What sort of rank carries over? Everyone will be (bleep)ing and complaining about being treated unfairly.
Nope, this won’t end well.
I think the mindset is “here’s something to sell till travel returns.”
I agree that there’s zero overlap between travel, and skincare, bath & body and nutrition.
It seems those with no success in the industry are the largest critics I don’t see anything wrong with direct selling.
Pyramid schemes are illegal but direct selling, where consumers buy direct from affiliates or the company is never an issue.
Nobody said direct selling was illegal. I said WorldVentures was a pyramid scheme.
WorldVentures ran out of countries to jump to, recruitment was in decline for years. COVID-19 just hastened WorldVentures’ recruitment collapse.
The Norway investigation laid the non-existent retail figures out for everyone to see.
Unfortunately it seems direct selling is full of individuals with little to no understanding of the law.
Who said there is something wrong with it? Are you just barking at shadows? Are you taking anything for your paranoia?
I heard there’s an MLM remedy good for that. One of those “calming “essential oils, maybe?
“Or the company”, exactly.
Why buy from an affiliate when you can buy direct from the company without issue? Why try to make a profit re-selling to a smart consumer who can just buy direct from the company and pay less?
Instead, one can leverage themself, recruit, and let downline try to re-sell to consumers who can just…..buy from the company.
It’s also excellent that there are no limits as to how many you can sign up. And, you’re not restricted to territories controlling saturation. Everyone can join in on the opportunity and profit!
Just to be clear: Char is being sarcastic, pointing out the absurdity of the notion that everyone can profit in a system that encourages unlimited recruiting in a limited market.
(Inb4 “but new customers are born every day!” That only works if birth rates are as unlimited as recruiting. Spoiler alert: they’re not.)
The end is nigh…. The biggest losers here will be the Seacret distributors.. The WV wagon is not one you would wish your horse or reputation to be hitched too.
Izhak Ben Shabat your due dilligence that positioned this merger as a ‘good idea’ is flawed. Like 1000’s of people before you, you will regret the day you ever met Wayne Nugent or his incompetent exec team…..
Ha ha ha.
I cannot say that I feel bad about the news. Kick Dave Wood out, and the company collapses. What a fantastic article—I would say “oh poor World Ventures, they didn’t deserve that!”
Except… they actually do—and worse, in my opinion.
Good riddance to the stupidest company in MLM history – World Ventures! You don’t know the half of that story with me that happened there, Oz!
One FANTASTIC thing about karma is that everything that happens is always evened out, perfectly – as if it was planned 🙂
David Wood says:
If that is the case, this low class scammer David Wood has TERRIBLE things coming to him from his scumbag EMPOWER Network “program”.
Surprised he would gloat. Then again David Wood is a singular infamous crackpot/imbecile and a punchline.
Now I’m hearing rumblings of Jeunesse and Seacret. Nothing confirmed.
Ok so now I understand all the falseness behind the hype and the desperate attempt to create excitement in their facebook groups.
They have been trying to raise that hypocrite enthusiasm from the members regarding those crappy mineral products from seacret. Also top “leaders” have been spamming the biggest announcement ever in the history of the company.
I guess they are trying to soothe the impact of what in reality is the end of worldventures. Also their main social media pages and groups are losing members on a daily basis.
I know people who have jumped out already and ALL of them joined a real estate company and are now selling houses.
It’s funny how the real sheep are usually those who call others that very same derogatory word.
I’ve received intel that the Seacret Direct WorldVentures acquisition has fallen through.
Can’t confirm it and don’t have anything official to report on yet. Both WorldVentures and Seacret haven’t made any public statements.
Lookout Everyone!! With Worldventures and Seacret Merger in the Making…….The Greatest of Network Marketing on the Globe is about to Take Place!!! Put on your Seatbelts!!
“Stark Out”
I wouldn’t say that travel and skin care are totally irrelevant. Take bliss spa for an example, in January 2004, Starwood acquired Bliss spa from LVMH for $25 million and launched Bliss Spas in several of its W Hotels in an effort to move its W hotel brand into the resort business.
In April 2006, JetBlue Airways partnered with Bliss spa, in an effort to fill seats in competitive transcontinental markets.Bliss amenity kits were distributed to passengers on overnight flights bro passengers for a year.
Then in January 2010, Steiner Leisure Limited completed its $100 million acquisition of Bliss from Starwood.
I guess it makes business sense to combine spa products with traveling but i do agree it may be hard for individual distributors to sell two concepts in one.
Um, unless Seacret Direct affiliates are able to sell to hotels and airlines directly you’re grasping at straws.