In just two weeks, Dan Pallotta went from living the entrepreneur’s dream to shutting the doors on a business that employed 400 people and that had, in no uncertain terms, revolutionized the retail fundraising market. His company, Pallotta TeamWorks, organized charitable walks and rides to benefit AIDS, breast cancer and suicide prevention efforts, in partnership with the Avon Products Foundation. Their relationship with the company ended abruptly in early 2002, when Avon announced they were taking some time to re-evaluate their fundraising efforts. Just a few months later, the storm broke in the worst possible way. Avon appropriated the Pallotta concept and rolled out a competitive program, backed by millions of marketing dollars. Two weeks after full-page Avon ads appeared in the country’s major newspapers, Dan Pallotta announced his company was closing. Here, he recounts the darkest period of his professional and personal life — and shares what it means for the rest of us.
This could be a year when too many of your clients will face devastation due to natural disasters.
Here are four strategies for using digital tools to help consumers buy, manage and use the products you sell.
The Sunshine State nets $17.2 billion from inbound moves vs. outbound.
Sponsored by FTJ | FundChoice
A full-service solution that helps you improve your process and client relationships sounds great, but you must be able to determine what will best help your firm grow.
Sponsored by Smarsh
New communication tools can open up your firm to risk and prohibition is not prevention. Learn five key practices you should implement now.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.