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 place everything into one – the shocking facts you should know about LifeVantage.
LifeVantage MLM Review: Overview
LifeVantage Corporation is a multi-level marketing (MLM) company situated in Sandy, Utah, that sells wellness products.
Their flagship product is known as Protandim and has been marketed as an antioxidant dietary supplement.
The company was founded by Dr. Paul N. Howard as an investigation and development company in 2001, but it became a publicly traded company in 2006 after it made an Initial Public Offering (IPO).
Till date the business has been successful in covering $225.96 million in revenue with all other profits. Along with this, the business earns $7.43 million in net income and $0.59 per share of earnings.
Moreover, LifeVantage Corporation claims to own a lot more than 220 employees working under them globally.
Is Lifevantage legit or a scam?
There were questions about whether LifeVantage is a scam, but it's definitely not.
The company operates on the international stage, and it 's been around for a lot more than 15 years. As an MLM company, it uses the network marketing model to offer products directly to customers.
LifeVantage pops up searching results with regards to scams due to its similarities to others that are involved with fraud.
A number of them utilize the same name or even slightly altered names as LifeVantage , hoping to confuse potential customers into thinking they're coping with the best enterprise.
The one thing with LifeVantage is that it has received lots of negative press when they were sued by the FTC if you are a pyramid scheme.
These were also accused of earning false claims about their products and misleading customers about their compensation plan.
The FTC eventually dropped the charges against LifeVantage , but it has given them a poor reputation among potential customers who are involved about the legitimacy of their business.
(More on that later.)
So, is LifeVantage a scam or legit? The solution is yes – they're definitely not a scam, but they're not 100% legitimate either.
They do possess some shady practices which make them look like a scam to some people, but there's no evidence showing that they are actually running an illegal operation or doing anything illegal at all!
Is LifeVantage a pyramid scheme?
Much like any MLM company, LifeVantage has been accused of being a pyramid scheme in the past.
Now, what's a pyramid scheme?
In case you don't know, a pyramid scheme is a business model in which a member is encouraged to recruit others into the company with the promise of earning money from their efforts.
The main element feature of a pyramid scheme is that a lot of the individuals who join it lose money, but only those towards the top make money. By definition, every pyramid scheme collapses eventually when you will find you can forget people ready to join it.
So the main difference between a pyramid scheme and an MLM (multi-level marketing) business is that in a MLM that you don't have to recruit anyone in order to make money.
Actually, 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 certainly has been accused of being a pyramid scheme several times throughout its history, but many of these accusations have been proved false.
However, if you should be interested in becoming an unbiased distributor for LifeVantage and making money by selling their products and recruiting others into their organization then you need to be aware there are risks involved with starting any MLM business venture.
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