Odds are, you've probably heard about the LifeVantage company. It is a network marketing MLM business that offers anti-aging supplements, nutritional products, and health supplements.
With some negative and positive LifeVantage reviews on the web, we're here to put everything into one – the shocking facts you have to know about LifeVantage.
LifeVantage MLM Review: Overview
LifeVantage Corporation is really a multi-level marketing (MLM) company located in Sandy, Utah, that sells wellness products.
Their flagship product is called Protandim and has been marketed being an antioxidant dietary supplement.
The company was founded by Dr. Paul N. Howard as a study and development company in 2001, however it became a publicly traded company in 2006 after it made an Initial Public Offering (IPO).
Till date the organization has prevailed in covering $225.96 million in revenue with all the profits. In addition to this, the organization earns $7.43 million in net income and $0.59 per share of earnings.
Moreover, LifeVantage Corporation claims to have more than 220 employees working under them globally.
Is Lifevantage legit or a scam?
There have been questions about whether LifeVantage is a scam, but it's definitely not.
The company operates on the international stage, and it has been around for more than 15 years. Being an MLM company, it uses the network marketing model to offer products right to customers.
LifeVantage arises in search results with regards to scams due to its similarities to other programs which are involved in fraud.
A number of them use the same name as well as slightly altered names as LifeVantage , hoping to confuse potential customers into thinking they're working with a legitimate enterprise.
The thing with LifeVantage is so it has received lots of negative press when they certainly were sued by the FTC to be a pyramid scheme.
They were also accused of creating false claims about their products and misleading customers about their compensation plan.
The FTC eventually dropped the charges against LifeVantage , but this has given them a negative reputation among potential customers who are concerned in regards to the legitimacy of these business.
(More on that later.)
So, is LifeVantage a scam or legit? The answer is yes – they're definitely not a scam, but they're not 100% legitimate either.
They do involve some shady practices which make them appear to be a scam with a people, but there's no evidence showing they are actually running an illegal operation or doing anything illegal at all!
Is LifeVantage a pyramid scheme?
Just like any MLM company, LifeVantage has been accused to be a pyramid scheme in the past.
Now, what's a pyramid scheme?
In the event you don't know, a pyramid scheme is a small business model where a member is encouraged to recruit others into the business with the promise of earning money from their efforts.
The important thing feature of a pyramid scheme is that all of the those who join it lose money, but only those at the very top make money. By definition, every pyramid scheme collapses eventually when you can find you can forget people ready to join it.
So the key difference between a pyramid scheme and an MLM (multi-level marketing) business is that in an MLM you never need certainly to recruit anyone in order to make money.
In reality, most successful MLM businesses encourage you to focus on selling their products as opposed to recruiting others into your team.
So, is LifeVantage a pyramid?
It surely has been accused to be a pyramid scheme repeatedly throughout its history, but all of these accusations have now been proved false.
However, if you're thinking about becoming an independent distributor for LifeVantage and earning profits by selling their products and recruiting others into their organization then you need to be aware that there are risks a part of starting any MLM business venture.
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