Are you looking for a LifeVantage MLM Review? If yes, let’s dive into this company as we give you our honest unbiased review and then you come up with your own decision about this company.
LifeVantage Full Overview
- Name: LifeVantage Corp
- Product: Health and Wellness plus Multi-Level-Marketing (MLM)
- Owners: Daren Jensen
- Price: $50.00 ( Starter Kit)
- Ratings: 3
- Best For… MLM Entrepreneurs
- Recommended? No
Please keep in mind as you read my LifeVantage MLM Review, that I am not a member or an affiliate of LifeVantage. This review is based on research and information available online in the public domain. Any opinions and conclusions may not apply to all persons or situations. So read this review in its entirety and you make your own decision. It might even be helpful to read other LifeVantage MLM Reviews.
What is LifeVantage MLM?
LifeVantage is a direct sales company that sells its products through independent distributors. Unlike traditional MLMs, which require their representatives to purchase inventory from the company, LiveVantage allows them to sell directly to consumers. As long as they meet certain requirements, they can become independent contractors and sell their own products.
How Does LifeVantage Work?
In order to qualify for the program, you must pay a membership fee of $499. Once you’re accepted into the program, you will then be required to invest another $299 in your personal business. These two payments go towards buying starter kits that include various products such as protein powder, vitamins, dietary supplements, and much more…
Once you have purchased your starter kit, you’ll receive a welcome package full of information about the company, including a DVD that teaches you how to create product sales. This video also shows you how to create your own website and social media accounts.
The next step is to start building your downline by signing up friends and family who fit into your target demographic. If you want to build a large organization quickly, you may consider purchasing leads instead of recruiting your friends.
The last step is to promote your business and attract customers. To do so, you can either use paid advertising methods or host events where you offer free samples of the product.
The LifeVantage Income Opportunity (LIO) is a direct selling business model that uses an MLM Compensation Model, also known as Network Marketer or Multi Level Marketing. like most MLM Companies, in this type of model, independent contractors are compensated based on the commission earned from the sale of LifeVantage products to consumers. Independent contractors may choose to recruit others into their sales team, thereby increasing their potential earnings.
LifeVantage does not compensate independent contractors primarily for recruiting new participants. Rather, it compensates independent contractors primarily for selling products to customers, and other independent contractors, who in turn either purchase the product themselves or sell it to other end users. As such, LIO is NOT a Pyramid Scheme.
What Does It Cost to Join LifeVantage?
At the time of sign-ups, all new enrolling distributors must purchase a non-commissionable start kit. This includes a starter kit, a starter kit manual, four bottles of the product, and a starter kit training video.
The cost of the products varies depending on how many people you want to sell to. You can choose to sell just to yourself, or you can offer it to friends and family members for free. After signing up, you will receive a starter kit. Included in the kit are a bottle of the product, a starter kit manual, and a training video.
You can earn commissions by recruiting others into the program. As long as those recruits buy the product, you will earn a commission. If they do not make a purchase within 30 days, however, you lose the commission.
There are three levels of distributorship offered by LifeVantage. Each level offers different incentives. For example, Level 3 offers bonuses such as $100 cash per referral, while Level 2 offers bonuses such as $50 cash per referral.
If you decide to join LifeVantage, you will have access to a variety of tools including a customer portal where customers can log in to view their account information. You can also use the portal to track your sales and see what is selling well.
START KIT – $50.00 (0PV)1- LifeVantage offers a complete solution for small businesses looking to start managing their finances online. With 1-LifeVantage you can manage your money, track expenses, pay bills, file taxes, and even make deposits into your bank account. All you need is a computer and an Internet connection.
This package includes everything you need to get up and running quickly. You’ll receive a welcome letter, personal referral code, access to our mobile app, product guide, quick start guide, and a personalized back office reporting site.
GOLD PACK + START KIT – $650.00 (500PV)1-LifeVantage offers a complete set of tools for building a successful financial wellness practice. This kit includes everything you need to start earning revenue immediately. You’ll receive everything listed above plus:
- * A welcome letter explaining how to use the product
- * An access code to download the mobile app
- * A personalized referral site where you can refer clients to sign up for the program
- * Personalized reporting dashboard where you can view client activity
- * A personalized back office portal where you can manage billing, payments, and reports
- * Training videos showing you how to build your practice
This package costs just $50 per month or $600 annually. However, if you want to try it out for free, we’ve got a special offer for you. Just head over to our website and follow the instructions there to claim your FREE Starter Kit.
SILVER PACK + START KIT – $350.00 (250PV)The Platinum Pack + Start Kit includes everything you need to start training. You’ll receive a total of 10 Protandim products including 2-3 multi-synergizes, 3 pre/probiotic stacks, 2-4 individual supplements, and 1 fat burner. This kit provides a great starting place for anyone looking to maximize performance.
For those interested in purchasing the Platinum Pack + Start Kit, it retails for $1,250.
Is LifeVantage Real or a Scam?
I’m going to be completely honest here. When I first started researching this product, I was skeptical about whether or not it would actually work. After all, what’s the point of spending hundreds of dollars on something that doesn’t really do anything?
LifeVantage is one of those companies that people love to hate. You know what I mean; it seems like everyone has had an experience with this company. They say things like “I lost my life savings,” or “They stole everything out of my bank account.”
Well, let me tell you something: I’ve been there too. And guess what? I’m here to help you avoid making the same mistakes that I did. Here are the reasons why you shouldn’t join LifeVantage:
- 1. There are products to build an income
- 2. There are no ongoing training programs.
- 3. There are no mentors.
- 4. The compensation plan is based on recruiting others rather than selling products.
- 5. Memberships are sold at a high price.
- 6. There is a lot of hype, like other businesses, around Life Vantage.
The Pros and Cons of LifeVantage?
- It’s easy to get started.
- You don’t have to spend money upfront.
- You can earn commissions without having to recruit new members.
- There are no ongoing training courses.
- The compensation plan is based solely on recruiting other people.
- There are no mentorship opportunities.
- The compensation plans are expensive.
My Final Thoughts
If you’re thinking about joining LifeVantage, please think again. If you’re looking for a legitimate business opportunity, then look elsewhere.
However, if you’re willing to put some time into learning how to market yourself online, then you may find success with this company.
So, should you join LifeVantage? That depends entirely upon your circumstances. If you’re ready to quit your job and become an entrepreneur, then yes. Otherwise, probably not.
So, if you’re considering joining LifeVantage or any MLM companies, I’d recommend doing your research before you make any commitments.
If you need help on how to get started, check out my #1 recommendation on building a successful business online. You can get access to hundreds of training videos, 24/7 support, professional consultations, private access to training guides, tools, personal private assistance, my personal help, and much more.
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