156 Distributors Affiliate with iPROMOTEu in 2009
iPROMOTEu, Wayland, Mass., announced it enjoyed another successful year in 2009, generating order volume of nearly $48,000,000. In the past six years, iPROMOTEu’s order volume has increased from $13,600,000 to almost $50,000,000 for an impressive average annual growth rate of nearly 25 percent.
iPROMOTEu also announced that 156 experienced promotional products distributors affiliated with iPROMOTEu in 2009–a pace of roughly one new affiliate every 1.6 business days. In addition, the productivity of iPROMOTEu’s new affiliates has also been increasing. In 2009, compared to 2008, the average estimated annual sales volume among new affiliates increased by approximately 20 percent. A similar 20 percent increase occurred between 2008 and 2007.
At the end of 2009, iPROMOTEu had a nationwide network of 475 affiliates from 46 states throughout the country (plus Puerto Rico and the District of Columbia). In addition to the 475 distributors affiliated with iPROMOTEu, these distributors, themselves, had a total of 176 salespeople working for them. As a result, iPROMOTEu’s selling network, at the end of 2009, consisted of more than 650 distributors and salespeople.
Ross Silverstein, founder, president and CEO of iPROMOTEu, remarked, “2009 was a very trying year for many in the promotional products industry. Many distributors suffered sales declines and were forced to assess their business practices and make some difficult decisions. Distributors who affiliated with iPROMOTEu have been able to weather the storm, and even thrive, as their competitors struggled.” He continued, “Distributors who are affiliated with iPROMOTEu are positioned to quickly take advantage of an improving economy. Experienced distributors who need financing, better supplier pricing and more time to sell continue to choose iPROMOTEu. I am confident that 2010 will be another strong year for both iPROMOTEu and our affiliates.”
For more information about iPROMOTEu, visit www.ipromoteu.com.