Price: $299 to $1,200
Owners: Publicly Listed on NASDAQ
Bare Naked Scam rating: 3 Thumbs Down
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Well, I am sure you probably have read a lot of reviews of LifeVantage on the Internet, but the problem is, which review provides the most accurate information on LifeVantage?
What are your views after reading those reviews?
Please share your thoughts by leaving a comment at the bottom of this page, I’d love to hear it from you.
Personally, after doing an extensive research on LifeVantage, I believe that LifeVantage is an amazing company that provides great products (though they are a little expensive).
LifeVantage is the only company that focuses on reducing Oxidative stress on a human body.
Every Human being has Oxidative stress and it is inevitable, you may check out this video below that explains what Oxidative stress is:
LifeVantage uses the Protandim, a scientifically proven formula, to help reduce Oxidative stress in a human body.
To me, it is an amazing product and if everyone understands the benefits of Protandim, it will be an easy sell.
So, to answer the question as to whether LifeVantage is a scam, my straight answer is NO.
I am not sure why people are linking this company to a scam. I do believe that those people who claims this company is a scam are those who joined the LifeVantage as a distributor, but failed in the business.
LifeVantage is also the only Multi-Level Marketing (MLM) company that focus on your dog’s health.
Anyone who has a dog and wishes to improve its health will most likely be attracted to LifeVantage’s product “Canine Health”.
Just because LifeVantage is legitimate and the products are beneficial to anyone (including man’s best friend) doesn’t mean that you will become successful as a distributor.
In this review, I will be discussing mostly on the business opportunity because we already know that the LifeVantage products are beneficial.
I will also share with you why 95% of the people who join LifeVantage fails in the business, as well as all the things you need to know in order for you to make an informed decision.
Before we go into details, lets take a look at the Compensation plan.
The Compensation Plan
The video explained very clearly on how you will be compensated, and to be honest, it does look attractive.
However, that means that you would have to invest $1,200 in order to receive the highest commission (in order not to leave any money on the table).
Paying $1,200 for the products and marketing materials doesn’t guarantee your success, you have to work your butts off for a chance to make a sustainable income with LifeVantage.
Why 94.51% of the LifeVantage Distributors fail?
Let us first look at the Earnings statement of LifeVantage:
Now let us analyze.
The most important column that we should look at is the “Monthly Avg” and the “Avg % Paid Distributors as a % of Total Distributors” – in short – “% Paid Distributors”.
Let us classify “Sustainable monthly income” to be $501 or more. If you add up the % Paid Distributors column starting from Pro 3 onwards, you will notice that only 5.49% of all the distributors earn a sustainable income from LifeVantage.
The remaining 94.51% of the distributor is barely making enough money to cover their initial investment. Why is that the case? LifeVantage products are supposed to be an easy sell, but why aren’t its distributors making any sales?
Reason #1: Too expensive…
Let’s be clear, in order to earn a sustainable income from LifeVantage, one cannot rely only on the commissions from product sales.
It is the bonuses from the compensation plan that allow a distributor to make good income.
As you have seen from the video above that the minimum you need to invest into the business is $300 to purchase the Freedom pack, may not seem a lot to you, but it may not be for others.
Normally, people who are seeking for opportunities do not have that kind of money to start with.
However, if you happen to meet a prospect who have the capability to join the opportunity, I guess you would push for your prospect to join the Platinum Pack ($1,200) right?
To be honest, even if it is for a person from the middle class, $1,200 would be a little steep. $1,200 would most likely be 40% of the person’s monthly income.
Just ask yourself, if I approach you today, and present this amazing LifeVantage business opportunity and ask for $1,200, would you say yes immediately?
Selling the LifeVantage product is easy, but selling a dream is a whole different story.
Reason #2: Not everyone is suited to be a Salesperson…
If you can’t sell for good, I would suggest that you do not join this opportunity. I guess you know that if you want to be a part of this business, you have to sell, sell and sell.
What’s more is that you need to know how to recruit, basically selling a dream. The fact that you are selling a dream would mean that you will face tonnes of rejection.
If you can’t handle rejection and can’t afford to lose any close friends or family members, you can’t be in this business.
If you think you are up to that challenge, then good for you, but if you are not, then I will suggest that you only be a customer of LifeVantage and take advantage of the benefits of its products.
Reason #3: Joining the wrong team…
Most likely when you first join the company, you have no clue on how to sell the products.
You need a great team leader who has the time and patience to groom you into a great salesperson, and you need a good team to be there for you and support you. Without that, you will most likely fail.
I have seen many people joining the wrong team and fail in their business within the first year.
In order to prevent that from happening, you need to assess your sponsor and get to know the team a little bit more before jumping into the business opportunity. It is hard to switch teams after joining so you have to make the right decision.
Reason #4: Lack of Prospects…
This is a common problem for most distributors in the MLM industry as a whole, but lets focus on LifeVantage.
When you first join the company, depending on the team that you join, most likely you will be asked to list down a list of people whom you think will benefit from LifeVantage’s products and people who will be interested to join you as a distributor.
Thereafter, you will need to call everyone on that list to fix an appointment. Of course you can’t let your prospect know that you are going to sell a product or promote a dream to them, otherwise they will not even entertain your call. You have to be subtle and ask for a friendly meet up.
As you go through the list you have created, you will soon realize that not everyone in the list will want to meet up with you.
I would say that out of 100 people you call, maybe only 20 would be willing to meet up with you.
Out of that 20 people, based on LifeVantage’s products, I would say that 10 people (50%) would purchase the product. 3 of them will most likely be interested in the business opportunity, and only 1 will join you as a distributor.
After you have expanded your business, where else will you find new prospects? How will you be able to grow your business if your prospects are limited?
When this situation occurs, no one else can help you, and you have to depend on yourself.
Which is why almost 95% of the people who join LifeVantage fail.
My Sincere Advice to You
Although LifeVantage is a legit company, and its products are beneficial, we can conclude that the business opportunity is not suitable for everyone.
To be successful with LifeVantage, one has to have the tenacity, and perseverance to leap through hurdles over hurdles in order to find success.
If you are ready to be a part of LifeVantage, great for you, however, if feel that LifeVantage is not for you, but you are still trying to find a suitable home based business opportunity, I would highly suggest that you check out this program.
I am in the MLM industry as well as the online business opportunity industry for a long time, and I can identify a good opportunities right off the bat.
This program that I suggest to check out, in my opinion, is the best way to learn how to make money online.
I have personally benefited from the program as well as a , and I hope it will work for you too.
As always, I invite you to share your views on LifeVantage with me by leaving a comment below. If you find my article helpful, please feel free to share it with your friends and family by clicking on the social media buttons (Facebook, Twitter, Google Plus) below.