Odds are, you've probably been aware of 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 located in Sandy, Utah, that sells wellness products.
The business's flagship product is named Protandim and has been marketed as an antioxidant dietary supplement.
The company was founded by Dr. Paul N. Howard as a research 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 been successful in covering $225.96 million in revenue with all other profits. As well as this, the organization earns $7.43 million in net income and $0.59 per share of earnings.
Moreover, LifeVantage Corporation claims to possess 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 more than 15 years. Being an MLM company, it uses the network marketing model to market products straight to customers.
LifeVantage arises in search results with regards to scams due to the similarities to other companies which can be involved in fraud.
Many of them utilize the same name as well as 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 so it has received a lot of negative press when these 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 this has given them a poor reputation among potential customers who are worried about the legitimacy of these business.
(More on that later.)
So, is LifeVantage a fraud or legit? The clear answer is yes – they're certainly not a fraud, but they're not 100% legitimate either.
They do involve some shady practices which make them look like a fraud 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?
As with any MLM company, LifeVantage has been accused of being a pyramid scheme in the past.
Now, what's a pyramid scheme?
Just in case you don't know, a pyramid scheme is a small business model in which a member is encouraged to recruit others into the company with the promise of earning money from their efforts.
The key feature of a pyramid scheme is that all the individuals who join it lose money, but only those at the very top make money. By definition, every pyramid scheme collapses eventually when there are no further people ready to join it https://centerforworklife.com/opp/mlm/lifevantage/.
So the key difference between a pyramid scheme and an MLM (multi-level marketing) business is that within an MLM that you do not have to recruit anyone to be able to make money.
Actually, most successful MLM businesses encourage you to target 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 most of these accusations have already been proved false.
However, if you are enthusiastic about becoming an unbiased distributor for LifeVantage and earning profits by selling their products and recruiting others within their organization then you ought to be aware there are risks a part of starting any MLM business venture.
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