Chances are, you've probably been aware of the LifeVantage company. It's a network marketing MLM business that provides anti-aging supplements, nutritional products, and health supplements.
With some negative and positive LifeVantage reviews on the internet, 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 based in Sandy, Utah, that sells wellness products.
The company's flagship product is known as Protandim and has been marketed being an antioxidant dietary supplement.
The business was founded by Dr. Paul N. Howard as a study 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 organization has prevailed in covering $225.96 million in revenue with all the 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 have been questions about whether LifeVantage is a fraud, but it's definitely not.
The business operates on the international stage, and it has existed for more than 15 years. Being an MLM company, it uses the network marketing model to sell products directly to customers.
LifeVantage pops up in search results in relation to scams because of its similarities to other individuals which are associated with fraud.
Some of them utilize 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 that it has received plenty of negative press when they were sued by the FTC to be a pyramid scheme.
These were also accused of making 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 concerned in regards to the legitimacy of their business.
(More on that later.)
So, is LifeVantage a fraud or legit? The answer is yes – they're certainly not a fraud, but they're not 100% legitimate either.
They do possess some shady practices which make them look like a fraud for some people, but there is no evidence showing 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 to be a pyramid scheme in the past.
Now, what is a pyramid scheme?
In case you don't know, a pyramid scheme is a business model the place where a member is encouraged to recruit others into the business with the promise of earning money from their efforts.
The main element feature of a pyramid scheme is that all the individuals who join it lose money, but only those towards the top make money. By definition, every pyramid scheme collapses eventually when you can find no more people prepared to join it.
So the key difference between a pyramid scheme and an MLM (multi-level marketing) business is that in an MLM that you do not need certainly to recruit anyone in order to make money.
In reality, most successful MLM businesses encourage you to concentrate on selling their products in place of recruiting others into your team Visit Now.
So, is LifeVantage a pyramid?
It certainly has been accused to be a pyramid scheme many times throughout its history, but most of these accusations have been proved false.
However, if you should be enthusiastic about becoming an unbiased distributor for LifeVantage and making money by selling their products and recruiting others to their organization then you ought to be aware there are risks a part of starting any MLM business venture.
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