Chances are, you've probably heard about the LifeVantage company. It is a network marketing MLM business that provides anti-aging supplements, nutritional products, and health supplements.
With some negative and positive LifeVantage reviews on the net, we're here to put everything into one – the shocking facts you should know about LifeVantage.
LifeVantage MLM Review: Overview
LifeVantage Corporation is just a multi-level marketing (MLM) company situated in Sandy, Utah, that sells wellness products.
The company's flagship product is named Protandim and has been marketed being an antioxidant dietary supplement.
The company was founded by Dr. Paul N. Howard as a research and development company in 2001, nonetheless it became a publicly traded company in 2006 after it made an Initial Public Offering (IPO).
Till date the organization has been successful in covering $225.96 million in revenue with all the profits. Along with this, the organization earns $7.43 million in net income and $0.59 per share of earnings.
Moreover, LifeVantage Corporation claims to have significantly more than 220 employees working under them globally.
Is Lifevantage legit or a scam?
There were questions about whether LifeVantage is a fraud, but it's definitely not.
The company operates on the international stage, and it has been around for significantly more than 15 years. As an MLM company, it uses the network marketing model to offer products directly to customers.
LifeVantage arises browsing results with regards to scams because of its similarities to other individuals which are involved in fraud.
Many of them utilize the same name or even slightly altered names as LifeVantage , hoping to confuse potential customers into thinking they're working with the best enterprise.
Finished with LifeVantage is so it has received lots of negative press when they were sued by the FTC to be a pyramid scheme.
These 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 bad reputation among potential customers who are concerned about the legitimacy of their business.
(More on that later.)
So, is LifeVantage a fraud or legit? The clear answer is yes – they are definitely not a fraud, but they are not 100% legitimate either.
They do possess some shady practices which make them appear to be a fraud with a people, but there's no evidence showing that they're 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 of being a pyramid scheme in the past.
Now, what is a pyramid scheme?
In the event you don't know, a pyramid scheme is a business model the place where a member is encouraged to recruit others into the business enterprise with the promise of earning money from their efforts.
The important thing feature of a pyramid scheme is that all the those who join it lose money, but only those towards the top make money. By definition, every pyramid scheme collapses eventually when you will find no further people willing to join it.
So the key difference between a pyramid scheme and an MLM (multi-level marketing) business is that within an MLM that you don't have to recruit anyone in order to make money.
In reality, most successful MLM businesses encourage you to target on selling their products in place of recruiting others into your team Source Link.
So, is LifeVantage a pyramid?
It really has been accused of being a pyramid scheme many times throughout its history, but all of these accusations have been proved false.
However, if you should be thinking about becoming an independent distributor for LifeVantage and earning money by selling their products and recruiting others within their organization then you ought to be aware that there are risks associated with starting any MLM business venture.
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