Today we will be reviewing a company called Life’s Abundance. Is Life’s Abundance a scam? Find out in this Life’s Abundance MLM review.
I’m pleased you opted to read this Life’s Abundance MLM review before jumping straight into the company’s arms.
After all, I know how convincing the hunbot you met was. I’m also pleased you didn’t just take someone’s word for it and decided to investigate your suspicions.
I’m sure whatever that hunbot offered you was extremely appealing, which is why you couldn’t resist. Who wouldn’t want to be their own employer, work their own hours, and take vacations whenever they choose?
The issue is that it’s all a complete fabrication. Yes, multilevel marketing companies have a history of deceiving their customers, and Life’s Abundance is no exception. They are not exempt, because they use hunbots.
I’m going to share a lot of Life’s Abundance information today. I recommend reading all the way through to the finish line to understand everything there is to know about MLMs and other ways to earn money.
Before we go further in this Life’s Abundance MLM review, I will define two terms first: MLM and pyramid scheme.
MLM members make money by selling products and recruiting new members. In pyramid schemes, members could only make money by recruiting people. Pyramid schemes are illegal and banned by the FTC.
As a disclaimer, I am not affiliated with Life’s Abundance in any way.
Hopefully this Life’s Abundance MLM review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Life’s Abundance MLM review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Life’s Abundance?
Life’s Abundance is a multi-level marketing company that sells products both for human and animal consumption. Basically, they are a pet-friendly company.
The company was founded by Dennis and Carol Berardi in 1999. Before its rebranding, the company was known as Trilogy Online.
This video will help you learn more about what the company is all about.
According to my research, these two used to own two companies which no longer exist as of today. I am also surprised that this company has not had any trouble with the law before.
Life’s Abundance Products
The company’s products are divided into the following categories:
- People
- Clean Beauty
- Clean Body
- Supplements
- Eco-Friendly Cleaners
- Dogs
- Dog Food
- Dog Treats
- Pet Supplements
- Pet Care Products
- Cats
- Cat Food
- Cat Treats
- Pet Supplements
- Pet Care Products
How Do MLMs Work?
Welcome to the segment where we take a break from talking about the current MLM we’re looking at, Life’s Abundance in this case, to speak about MLM concerns in general.
Because this may be your first time reading about an MLM, I recommend reading this section from beginning to end to absorb all of the information I will provide.
MLMs are the worst, in my view. Once you understand the “work opportunity” you’re being given is truly an MLM, I recommend staying away from them.
If you’re wondering why I’m so passionate about the issue, it’s because I’ve previously reviewed hundreds of MLMs. You would assume there are a lot based on the number, but I just scratched the surface.
If you want to find out how many MLMs are active, try searching for a phrase that includes the word “MLM.” I’m optimistic that something will come of it.
That’s right, you read that correctly. There is an MLM for everything, including the most ludicrous products.
If you’re asking why, it’s because the MLM business model is very profitable. It is profitable for the owners rather than the members. So, no, you are not your own boss. Your boss is the CEO of the company you are signing up for.
Another thing to keep in mind is that when it comes to MLMs, you have nothing to gain and everything to lose.
To keep selling the items, you must adhere to absurd sales quotas and a set of regulations. Essentially, you hand over all control of your life to them.
They also urge you to recruit your friends and family into the business. If you ask me, it is very unacceptable cult-like behavior.
Is Life’s Abundance a Pyramid Scheme?
Since Life’s Abundance members earn money both by selling services and recruiting new members, then it is safe to say that Life’s Abundance is not a pyramid scheme.
However, since Life’s Abundance is still an MLM, do not expect to make money if you have no plans on recruiting people. Recruiting will earn you significantly more money than actual product selling, and is more encouraged.
This just makes Life’s Abundance look like a pyramid scheme in disguise, doesn’t it?
Like OneHope Wine, Pure, and Synergy Worldwide, Life’s Abundance is not a pyramid scheme.
Is Life’s Abundance a Scam?
No, Life’s Abundance is not a scam.
However, if you think this is enough for you to jump in Life’s Abundance’s so-called opportunity straight away, then I suggest that you hold your horses. This is just the most basic thing, so don’t go signing up for this company right away.
Before making your decision, I suggest that you do a thorough research on the MLM first.
If you want to make money online, check out this logical business model that helped 6000+ people.
How to Make Money from Life’s Abundance
Since Life’s Abundance is an MLM, there are two basic ways to make money with the company. and these are:
- Selling products
- Recruiting members
If you’re wondering if there are any more ways to generate money other the ones I mentioned above, the answer is yes.
In fact, most MLMs include a range of perks that allow members to increase their revenue with no work.
The issue is that the majority of these bonuses are contingent on the formation of a downline. Let me be the first to advise you that you will not be able to succeed in an MLM if you do not intend to recruit anybody.
You might be wondering what a downline is. Let me clarify what it is now, because this phrase will be mentioned several times during the study.
A downline is a group of people who have joined your business immediately under you. These are the individuals you personally recruited to the company.
Remember that the MLM business model is not sustainable, so as time goes by, you will run out of people to recruit.
MLMs do not really care about how many products you sell. What they care about is how many you buy and how many people you can bring in.
How to Join Life’s Abundance
This video will tell you more about Life’s Abundance affiliate program.
How Much Can You Make?
Surprisingly, I found an income disclosure statement published by Life’s Abundance. The latest one I found is from 2019.
It seems like the average annual income of all reps for that year is $2,352. By average, this meant that a lot of people made less than this amount, and that only a handful actually earned this amount.
Well, I guess this is enough to tell you just how bad of an investment Life’s Abundance is.
I mean, sure, $2,352 is still a lot of money. But that is barely enough to sustain someone for an entire year.
It’s actually quite ridiculous how these MLMs advertise themselves as something better than an actual job. Imagine doing only this full-time.
You will be earning a lot less than minimum wage, and you will likely be homeless.
Things I Like in Life’s Abundance
Established Company
Since 1999, Life’s Abundance has been in the business. This indicates that the corporation has been giving it its all in terms of business management, and it is definitely paying off.
Because MLMs, as I previously stated, are rather esoteric, not all companies are capable to doing this successfully.
Wide Product Selection
Life’s Abundance appears to have everything you’re searching for in an company focused on pets and their owners.
This makes it much easier to advertise the company to families who have pets, as not only do the pets get the products they need, but also the owners.
With that in mind, I suppose Life’s Abundance may be considered a one-stop shop for pet owners.
Good Company Reputation
I seldom come across businesses that aren’t in some sort of legal wrangling. Life’s Abundance appears to be doing a good job at providing quality items.
Given how negatively many see MLMs, I suppose this is also a strong selling point.
Things I Dislike in Life’s Abundance
Recruit, Recruit, Recruit
Even while Life’s Abundance does not need its members to recruit as much as other MLMs, it appears that their pay scheme is more centered on recruiting than sales.
This, I suppose, defeats the point of advertising as a great financial opportunity better than a full-time job.
Expensive Products
Life’s Abundance looks to be another multi-level marketing company that feels it can charge whatever price it wants for its products.
I realize that you have to believe in your products as a business owner, but do you have to overprice them?
There isn’t any reason for you to do that. It just deters customers from trying out your products.
Furthermore, the company is already quite unknown, and the fact that it is a multilevel marketing organization does not inspire confidence on its target market.
It is an MLM
This is an MLM, so it means that a lot of people definitely failed in this venture. In fact, 99% of people who join MLMs fail to make money, and they do not even earn back their initial investment.
If you want to make money online, check out this logical business model that helped 6000+ people.
Life’s Abundance Compensation Plan
You can view the document containing Life’s Abundance’s compensation plan here.
Here are the ways to make money in the company:
- Quick Start Bonus. You can get 5% to 10% bonus commission from your first product sales.
- Retail Sales. You are eligible for 10% up to 20% commissions from every product you sell.
- Retail Bonus. For your sales in an entire month, you can get 5% up to 20% in bonus commissions.
- Bonus Pools. Once you reach the higher ranks, you get a 0.5% to 1.5% bonus from the total sales made by the company.
The company’s compensation plan is explained better in this video.
10 Shocking MLM Statistics That You Need to Know!
- Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
- There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
- Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
- The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
- According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
- In the remaining 26% that actually make money, 53% of them make less than $5000/year.
- 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
- Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
- 75% people that joined MLMs say that they will never again join any kind of MLM.
- A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.
SOURCES:
Final Verdict – Life’s Abundance
Before I end this Life’s Abundance MLM review, I would like to share a few more insights that could help you.
Thank you for reading this Life’s Abundance MLM review all the way to the end. Not only did you learn a lot about this company, but you also learned a lot about multilevel marketing.
Now that you have that information, I believe you should go ahead and share it with those who could benefit from it.
I’m sure you’re disappointed, especially since you were hoping for an opportunity to finally select your own hours. Not only that, but I’m sure you’re feeling like your chance to leave your corporate career has just passed you by.
So don’t worry; I’ve got a better way for you to earn money. It also does not necessitate any recruitment on your part. You may learn more about it in the following section.
That’s it for my Life’s Abundance MLM review. Hopefully this Life’s Abundance MLM review helps with your decision.
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