Founded in 2003, LifeVantage Organization is a openly traded ( stopwatch LFVN ) network marketing multinational specializing in specialized anti - aging products using its clinically studied Protandim supplement.
LifeVantage has a very pleasing history€ฆ
LifeVantage ' s stock skyrocketed way back on 2005 after the announcements of clinical studies and television specials by ABC, the Today Fair and PBS about their Protandim product in 2005, LifeVantage ' s stock skyrocketed. This early publicity sent their stock up to more than $20 per share but it could not sustain it with no sales to backup the media hype. At this point Protantim was only available through retail channels and nutritional store sales were very dismal.
On May, 2009, after more than six months of planning and research they rotten to multilevel marketing for progression | After more than six months of planning and preparation, in May of 2009. Those who take meaning the power of Multi - Level Marketing were not disconcerted, LifeVantage sales have dramatically increased and with that their stock price has more than tripled from its lowest point of less than 10 cents in Nov. 2008. Still a bit too early to say, but it looks like network marketing is proving to be a great system.
As with every evaluation, let ' s start off with the easiest area to locate a scam€ฆ THE PRODUCT!
Protandim Review - I cannot speak for the product since I have not conclusively tested it speak for the product. What I do know is I am more willing to try it than any other nutritional goods I ' ve empirical recently due to the widespread clinical research and gaze reviewed research that have used into it. Over 20 universities have initiated a symbol of self - funded medical studies on the product in relationship to its connection on anti - aging and disease. Some have been over and are informed on www. pubmed. gov under Protandim to examine.
In discongruity to the majority of nutritional lines, Protandim is not an antioxidant by way of supplementation instead it is a wares that triggers the body ' s production of its own natural enzymes in which the body uses to break free radicals. Clinical studies seems to confirm that it is a lot more effective than taking outmost antioxidants for this aspiration. The corporate website of LifeVantage ( http: / / www. lifevantage. com ) gives access to all the studies, reports and information video releases on their product that explains how it works and what it does.
Protandim ' s " uniqueness " in terms of marketing...
In constrast to a lot of MLM companies which partly always use the mature " try it out ( for 30, 60 or 90 days ) and mind how you feel " shtick, LifeVantage distributors canhonestly exclaim that Protandim is clinically proven to lessen oxidative stress by slowing down the rate of cell aging to the level of a 20 tour decrepit.
This alone is not enough to build a business on, but it ' s a good ice breaker for distributors. Getting folks to check out the product is much the hardest part in shaping a nutritional network marketing business, but LifeVantage seems to have a bit of an advantage in this field.
I was pleasantly surprised at the price of the product. In a trade location product autoships are routinely a little over 100 dollars per month, a one month autoship supply of Protandim for a retail " exceptional customer " is only $39! This pricing is much less than the industry benchmark, whence making it doable to get unswerving retail consumers.
In addition to the core Protandim product, it also has a skin care product called TrueScience which is a skin cream designed with the anti - aging properties of Protandim. What I like about the overall product line is its simplicity; just two fundamental products, with one fundamental selling attribute, and a price that is really totally good.
In conclusion it is going to take more than research and advertising for a product to make it. Protandim will have to make a noticeable contact on the overall health of people taking it, whether it be fresh energy, choice sleep, not getting sick as frequently, etc. There ' s not a lot of people who will spend money on a product calendar based on research alone. If you are reading this article and have without reservation tried the product, please do give us feedback on the product.
LifeVantage ' s MLM comp plan
The MLM compensation plan is so lucrative that i ' m not even going to go there.
There is quite a lot of money available in every compensation plan as long as it ' s 18-carat. If you learn from someone about how their compensation plan pays the most money in the business, high chance something is not right.
Technically speaking LifeVantage uses a unilevel MLM compensation plan palmy down 9 dynamically set levels with the potential for a matching remittance on the first four levels and a coded offertory for LifeVantage pack qualifiers that allows for bonuses to be earned through infinite depth. You don ' t have to wory about it if none of this makes sense.
The most important part about the MLM comp plan is unimpeachable, since it only pays commissions on product sales. LifeVantage has taken an augmented step to promote the movement of product that I especially like and which does a lot to protect right. Like every establishment, distributors must stay able to carry off commissions, in LifeVantage this component two hundred PV per month in personal void. The cordial part is that the locus generated from personal " higher quality customers " reduces personal neighborhood requirements for distributors. This factor that as a distributor, I can reduce my note personal reservation weakness down to the minimum of 30 PV if I have enough personal customers violent product.
Behavior rewarded will be duplicated so when you discern a charge reward the enrollment of true retail " more suitable customers " ( consumers buying the product, but not partaking in the business room ), you will most unborn have a high customer to distributor ratio. One of the most crucial thing that the spokesman colloquial and FTC looks at when of moment if a charge is a pyramid conception or not is this ratio right here..
LifeVantage - Transaction & Control
Beyond the short parable I have even now mentioned chief, there are a conjugate beautiful details speculation the affair. LifeVantage is a helping of the Direct Selling Gang ( http: / / www. dsa. org / forms / CompanyFormPublicMembers / view? id=44F6200000362 ) and the BBB ( http: / / www. bbb. org / denver / business - reviews / health - and - diet - products - retail / lifevantage - occupation - in - littleton - co - 90014185 ). They were interested in and constant a suit with Zrii. In this trial, they were alleged to have conspired with obsolete Zrii management / distributors to break contracts and switch to companies. It was bent for $400, 000 even if the case sought damages of 250 million dollars. This type of lawsuit is common in the multilevel marketing business and in my guess oblivion to be worried about.
As for the management behind the company, formerly with Metabolife, David Brown, is the CEO and Dr. Joe McCord, the man who spearheaded Protandim, is the Director of Science. It is noteworthy that Dr. McCord was the co - discoverer of antioxidant enzymes and their relationship to free radicals in 1968 at Duke University. It is also good to know that LifeVantage has skilled in - house legal counsel with Eric Marchant, who has counseled multi - governmental 100 million dollar networkings in the bygone.
Let ' s take a quick look at the industry and competition
We all know that nutrition is the buttress of multilevel marketing business and there is no question that the health and wellness industry is increasing and will keep on growing. On the flipside I think today you have an overload of companies inward into the industry and it is easy to get lost among the muddle and muddle unless you have something exceptional€ฆ I think LifeVantage has just that. With a low product price point and the benign of research and publicity behind Protandim, In my feeling, they will do good in the MLM business.
The final word€ฆ
LifeVantage sells a legitimate product at a price point that real consumers can present and markets through a comp inhabitants that is in my supposition more legally reliable than your average MLM. Even though the company has put a lot of research and publicity you still have to make unmitigated your vie is 100 % behind it before diving into it. In networking, you will be able to sell a product if you all believe in it and you cannot exchange any amount of research for that. If you ' re not eager to give it a life, then better if you don ' t give it any other day at all. LifeVantage will work if you work it.
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