There are some who want to know What Is LifeVantage MLM?
LifeVantage is an MLM company that promotes dietary supplements, as well as other health-related products via direct selling.
Is it possible to earn decent amounts through this platform?
You will find all the answers in this LifeVantage review.
If you have plans to join, you may change your mind once you read this post.
What Is LifeVantage MLM – About The Company
LifeVantage was formed in 2003, and the headquarter is located in Utah.
Darren Jensen is the current CEO of this platform.
In the past, Darren has worked for Jeunesse Global and some other MLM platforms.
Products offered by LifeVantage include dietary supplements, anti-aging products, and other products that promote health and wellness.
LifeVantage products are available in Asia, Europe, and the United States.
The company recorded about $3.2 million in revenue in 2008.
They also decided to change its business model to a direct selling MLM in 2008.
This change has increased its revenue drastically. In 2019, the company made about $226 million in revenue.
LifeVantage Products – Are They Worth It?
As a distributor, the products you can sell include digestive health, nutrition, supplements, and beauty products.
One of the main products offered by this MLM company is Protandim; this dietary supplement contains turmeric, green tea, Bacopa, milk thistle, Ashwagandha, and other herbal ingredients.
According to LifeVantage, this product is all-natural and features antioxidant properties.
Protandim contains Protandim NRF1 and NRF2 synergizers, alleged to reduce oxidative stress and decrease aging effects.
This highly promoted product accounts for 60% of product sales.
However, there are some problems with this product.
First, Protandim may not be completely organic, even though the company claims it is all-natural. Even though the product has natural ingredients, it does not mean they haven’t been treated with pesticides previously.
The company also made claims that using this product can decrease oxidative stress within 30 days by 40% and that the product produces enzymes that can neutralize over 1,000,000 free radicals.
However, there have been numerous complaints on the BBB by some individuals who suffered adverse side effects from using this all-natural product.
The point is this: The claims regarding the actual effectiveness of Protandim is questionable at best.
How Much Does It Cost To Join?
You will pay $50 to be a distributor on LifeVantage.
It is not compulsory to buy a starter pack; however, you will have to buy products worth $100 USD or more.
Enrolling in the platform’s auto ship program is also a requirement.
To qualify for commissions, you will have to order at least 100 PV (personal volume) every month.
Can I Make Money With Lifevantage
After paying $50 to be a distributor, you will enroll in the monthly auto shipment program to remain active on this platform.
To qualify for commissions, you will need to pay 100 PV each month.
Bringing people in to join LifeVantage is another method to earn.
The more people you bring to join, the higher your rank.
When you start as a distributor, you can grow your rank from Pro 1 to Pro 10.
The key is to make sure that the people you recruit are also recruiting members on their team.
Purchasing the starter kit is not compulsory – I like that you don’t have to purchase a starter kit to be a distributor.
However, you will have to buy products worth at least $100 USD to begin.
Attractive commissions and bonuses – The commissions you get are based on the Personal Volume generated each month.
You can make 30 to 40 percent commission from products bought by new customers/recruits. Also, you will receive a bonus when your recruit pays for a starter kit.
Royalty commissions – you qualify for royalty commissions as you grow in ranks; commissions are derived from your PV every month, and the range is from 2 to 9 percent.
Expensive starter kits – their starter kits are expensive; the cheapest kit will cost you about $300.
Although buying a starter kit is not compulsory, you may be pressured to buy one since purchasing it will earn your sponsor a commission.
Adverse side effects – The products are not FDA approved. They have been reports of negative side effects by customers who used Protandim NFR2.
Terrible customer service – Reports on the BBB for a long period before they are granted an audience with a company representative.
Some customers have also reported these call representatives to be irritating, rude, and are less interested in providing solutions to complaints.
Issues with cancellations – Customers cannot cancel their orders online, meaning they will have to contact customer service.
Sadly, they can only contact support during working hours from Monday to Fridays; they are not operational during weekends
LifeVantage is similar to other multi-level marketing companies I’ve reviewed on this blog such as:
erdict – Is LifeVantage Legit?
Selling products to earn commissions is not an easy task; it requires a lot of effort and hard work, and people can be discouraged when the products you want to sell can be purchased on the internet for the same price or less.
LifeVantage may be legit, but making money on this platform is difficult.
Even though your customers may enjoy buying directly from you, they may be less interested in a long-term relationship.
Most people only want to test these products for a short period to gave their effectiveness and are not interested in the monthly shipment/supply.
Building a new business demands hard work, and you need to have confidence in what you do if you want to be successful.
To be successful with any MLM, you will have to sell lots of products and recruit many people.
Contrary to what you are told by your sponsor or the company hype machine, you don’t own or have full control over this business, and at the end of the day, you are only helping the company make money.
You can check my recommended resource if you need total control over your own business.
You will be taught how to run your business from the comfort of your home or anywhere you desire.
You will also be provided with all the tools you need to succeed.
However, there are facts about mulit-level marketing you need to understand so you can make a decision based on facts, not emotion.
Multi-Level Marketing Is A Bad Business Model
After an exhaustive study of over 300 MLMs, the Federal Trade Commission found that 99% of people who join multi-level marketing companies lose money.
That applies to ALL MLM’s, the best and the worst companies.
Do you understand what that means? If you join an MLM organization you only have a 1% chance of not losing money.
I don’t find those statistics very encouraging when it comes to joining an MLM.
Here Are Some Additional Hard Facts You Need To Consider Before Joining ANY Multi-Level Marketing B
- 99%: According to the Federal Trade Commission this is the number of all MLM participants who lose money
- You are 38%: more likely of making money with your own small, home-based business than by joining an MLM
- There is a 10% – 20% higher rate of making a profit with an online business than it joining an MLM
- You would have a 300 times higher chance of winning a game of roulette in Las Vegas from 1 single spin of the wheel than you would
makinga profit with an MLM
- 47%: The number of participants who flat-out lose money according to the AARP Foundation
- 27%: the percentage of people who make no money whatsoever in
a MLM– AARP Foundation
- 26%: The meager amount of people who actually earn a profit participating in MLM’s
- 53%: This is the percentage of MLM participants who earn less than $5000 a year
- 39%: the number of people who QUIT MLM’s because of trying to sell services and products to family and friends damaged their relationships
- 50%: Percentage of MLM reps who quit within 1 year after joining
- 95%: The respective number of reps who quit within 10 years
- 75%: The number of people who have participated and left an MLM and state that they would never join another MLM in their life
- 1,049: The number of MLM reps who make less than 70 cents an hour according to a 2018 poll of MLM reps representing various companies
- 20%: of people involved with MLM’s never made a sale
- 60%: percentage of people involved with MLM’s earned less than $500 within the last 5 years of joining
- 32% of people involved with MLM’s financed their MLM “business” by getting in credit card debt
References for the above facts are from the following sources:
- The Case (for and) against Multi-level Marketing By Jon M. Taylor, MBA, Ph.D., Consumer Awareness Institute
- 3 Mind-Blowing Statistics About MLM’s: Due.com
- Multi-level marketing: Wikipedia
- Multilevel Marketing: “The Research, Risks and Rewards”: AARP
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