Nu Skins Global Reach and Mavelys Social Selling Technology to Power Global Social Commerce
Martech Outlook | Friday, November 26, 2021
Summary: Mavely's Social Selling Technology, combined with Nu Skin's Global Reach, will ensure the global scale of social commerce.
FREMONT, CA: "Nu Skin is well-positioned to take advantage of the rapid growth in social commerce, and we look forward to partnering with the team to help drive their business and tap into their global reach as we continue to scale," says Evan Wray, CEO and co-founder of Mavely. "By bridging the gap between brands and social commerce companies, Mavely is unearthing a massive new acquisition channel and reshaping the future of social selling in the process." Mavely, a pioneering social commerce platform that helps direct-to-consumer (DTC) and retail companies engage new customers, has been purchased by Rhyz, Inc., Nu Skin Enterprises' strategic investment arm. Mavely's revolutionary approach of leveraging social shopping and proprietary technology to transform regular people into a social salesforce for brands is validated by this purchase.
“We’re confident this technology will help simplify and supercharge social selling for millions of Nu Skin brand affiliates,” says Ryan Napierski, president and CEO of Nu Skin. “The Mavely team shares our vision of empowering people to be passionate advocates for brands they love. Mavelys advanced social commerce platform will help accelerate our progress toward this vision, further support our areas of growth, and allow our brand affiliates to quickly and easily share our innovative beauty and wellness solutions.”
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Mavelys' technology platform will provide Nu Skin brand affiliates with additional cross-channel, social-selling features and capabilities, enabling them to assist consumers in more successfully discovering and purchasing items. This will include a new Nu Skin-branded social sharing app that will enable affiliates to increase their reach across social platforms by sharing and selling Nu Skin items via a personally curated, socially enabled marketplace that improves the buying experience for consumers.
Mavely Creator App is a platform that connects users to a network of 40,000 daily creators who earn commission by sharing some of the world's most popular direct-to-consumer and retail brands. Social Sales Teams is a business-to-business (B2B) product that enables brands such as M.Gemi, Thryve, and Sunbasket to convert their most devoted customers into dedicated sales teams. Mavely will leverage Nu Skins' community of global influencers to continue growing its network and will be able to offer a scalable alternative customer acquisition channel that is currently unexplored by DTC brands. Mavely will continue to operate independently as a member of the Rhyz, Inc family of companies but will now have access to a publicly traded firm's resources and worldwide infrastructure worth billions of dollars.
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