Today we will be reviewing a company called LifeVantage. Is LifeVantage a scam? Find out in this LifeVantage Review.
I am sure that before you even found this LifeVantage review today, you are not even aware that this company exists. You only heard about it from someone who just messaged you out of the blue, and you got curious about what the company is about, which lands you here.
Well, I am glad that you found this LifeVantage review and decided not to trust that hunbot straight away. That is a smart move, because after all, that hunbot was a complete stranger. Why would you trust them easily?
In my opinion, it is not a good idea to trust someone just because they told you something. This often leads to being conned or scammed. You should always watch out for warning signs regarding things that involve you investing money.
In this review, I will be discussing quite a lot of things regarding LifeVantage. Not only that, but I will also be sharing information about MLMs as well. Maybe you can find the answers to your questions here too. I can assure you that you will be learning a lot, so let us begin.
Before we go further in this LifeVantage 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 LifeVantage in any way.
Hopefully this LifeVantage review can help you decide whether you want to sign up for the company or not.
Before we proceed with the LifeVantage review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is LifeVantage?
LifeVantage is a multi-level marketing company in the health and wellness niche. They claim to be a leader in Nrf2 science, meaning that their products can help you improve your health and longevity, by reducing free radicals in one’s body.
I am not really that confident with a company who makes use of complicated scientific terms and language to prove a point. Most of the time they are not telling the truth about their products. I am sure that most people who have heard the term Nrf2 have no idea what it even is.
LifeVantage was founded in 1988. They went through a lot of name changes, including Lifeline Nutraceuticals, LifeLine Therapeutics, and Yaak River Resources, Inc. They used to be a regular retail company, but decided to adopt the MLM business model sometime later.
LifeVantage is currently a publicly traded company on Nasdaq. Their symbol is LFVN.
LifeVantage Products
LifeVantage’s product line is composed of the following:
- Protandim (Nutritionals) – This is the company’s flagship product. These are dietary supplements.
- TrueScience (Beauty) – These are skincare products available in different forms; from lotions, creams, and facial cleansers.
- PhysIQ (Fitness) – These are supplements and products that help in losing weight and staying fit.
- AXIO (Energy) – This is an energy drink that not only helps you get through your day, but also has good mental health effects.
This video can help you learn more about the company’s products.
How Do MLMs Work?
Now that we got LifeVantage’s origins and products out of the way, I figured that we should take a break from talking about this company. After all, the reason why you are here today is to learn about MLMs, so I figured that having a section like this will help you out a lot.
If this is your first time ever reading an MLM review, then I suggest reading this section entirely. I have reviewed a lot of MLMs, and yes, I think I made hundreds of MLM reviews already. I think I have the necessarily credibility that is needed in order to teach others about these companies.
Today, we will be talking about the cult-like mentality that seems to be prevalent in most MLMs. In fact, these tactics are what makes MLMs notorious. The mention of the word “MLM” immediately garners a lot of negative attention, since these days, more and more people are being aware of what these companies are like.
For one, MLM companies are practiced liars. Actually, the hunbot you encountered is most likely lying to you from the get-go. They promise that by signing up, you are already on the way to succeeding in life. Well, if that is the truth, then wouldn’t the entire population of the world be members already?
Another thing these companies love doing is manipulating members into quitting their full-time jobs. It would have been fine if they will pay more than the jobs the people left to devote their time to the MLM, but the problem is, MLMs do not really pay wages. Earnings are on a commission basis.
Their goal is to keep this people as dependent as possible to the company. If that isn’t a cult, then I don’t know what is.
Is LifeVantage a Pyramid Scheme?
Since LifeVantage members earn money both by selling services and recruiting new members, then it is safe to say that LifeVantage is not a pyramid scheme.
However, since LifeVantage 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 LifeVantage look like a pyramid scheme in disguise, doesn’t it?
Like LifeWave, VoxxLife, and Elevacity, LifeVantage is not a pyramid scheme.
Is LifeVantage a Scam?
No, LifeVantage is not a scam.
However, if you think this is enough for you to jump in LifeVantage’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. You can consult some of the sources I listed below. Take note that you can definitely consult any source you want to, but the sources I listed below are the best kinds to consult, for various reasons listed.
What Sources Should You Look For?
There are three kinds of sources that you can consult when it comes to researching MLMs. There are other kinds of sources, but I believe that these two sources will be of the most help to you.
For one, you already found the best source available in the internet for MLMs. Yes, you heard that right. This LifeVantage review is what you call a third-party review, meaning that reviews like these were published with no connections to any MLM whatsoever.
This makes the websites and entities not pressured to publish reviews that are only favorable towards MLM companies. Because of this, they are inclined to research companies thoroughly and write reviews that only contain the truth backed by credible sources.
Another good source worth looking at are online forums. Yes, there are active forums online where there are discussions centered around MLMs. These forums are made with only one thing in mind: to educate as many people as possible regarding the ugly truth about MLMs.
Forum members are also more than willing to entertain any questions or concerns you may have regarding MLMs. In fact, forums are considered as good information databases, because forum members keep the information in them as updated as possible.
How to Make Money from LifeVantage
Since LifeVantage is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
I am sure that this matter was not properly explained by the hunbot who approached you. No need to panic though, as I think I will be able to explain this as I have knowledge regarding MLMs anyway.
Selling products is pretty self-explanatory, because it involves a pretty straightforward process. You order products, and as a member, you get them for discounted prices. That is how you profit, basically. This process is probably the one explained to you.
The recruiting aspect of the MLM is its bread and butter. It is what makes the business model unique. Basically, by recruiting people, you get a commission from their sales as well. The more people you recruit, the more money you can make, especially if they are all pretty active. They would be ordering products from you.
I guess once you got the hang of recruiting, you need not sell the products by yourself anymore. You only need to wait for orders from the people on your team.
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 Much Can You Make?
I managed to find an income disclosure published by this company, and frankly, I am not surprised by the data.
It seems like only the ones at the top of the ranks were actually making a lot of money. Like I said before, this company has lied to you on the get go about the success rates in the company. You cannot make money here, especially when you just started.
Let us just discuss how pathetically low the average earnings are. The average monthly commissions of those who belong in the Distributor rank (lowest rank in LifeVantage) is $4. Yes, your eyes are not deceiving you. $4, really? Who in their right mind would even agree to that payout?
The next three ranks are no better. For Pro1, the average monthly commissions are $55; Pro 2 got $228; while Pro 3 got $581. That does not seem worth it, considering everything you have to do for the company.
For one, you need to be actively marketing their products through any means you can get your hands in. At the same time, you also have to find people who want to actually buy the products. Let us not even forget that you also need to recruit people in order to receive more commissions.
All those efforts are not worth that measly cash. Please do not leave your full-time job to do this.
Things I Like in LifeVantage
Publicly Traded
Like I mentioned at the beginning of this LifeVantage review, this company is publicly traded. This means that they are pretty stable enough, as investors can actually buy stocks from them. At least this adds to their credibility and reliability as a company. Other than this, I cannot really find anything positive to say about LifeVantage.
Things I Dislike in LifeVantage
False Claims
Well, LifeVantage is not the only MLM who lies about their products. That is not a comforting thought though.
Their most popular product, Protandim, has put them in hot water for claims that this can cure cancer. Well, I am sure that you already know that claiming to cure cancer is pretty illegal.
There are a lot of studies that disprove claims about this particular product, and this does not put the company in a good place.
Saturated Market
I have lost count of how many health and wellness companies I reviewed, because there are just way too many. To be honest, I think most of the reviews I made in the past are companies in this niche. This just proves how competitive the market for health and wellness products is.
Well, I guess I can understand why. There is demand for these products because people want to stay fit and healthy. However, with a lot of companies competing for the top spot, they do not seem to be helping each other out.
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.
LifeVantage Compensation Plan
This company has a pretty complicated compensation plan. I am afraid that I might not deliver the accurate information, so I suggest that you see it for yourself. You can access it by clicking this link, but if you think you can learn better with a video, then you can watch the one I linked below.
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 – LifeVantage
Before I end this LifeVantage review, I would like to share a few more insights that could help you.
I am sure that finding a way to make money online has made you disappointed so far. After all, LifeVantage was not the guaranteed way to success like you thought it would be. I am sorry that you have to learn it this way, but this is a lot better than you joining the MLM and getting even more disappointed.
Now that you have new knowledge regarding MLMs, I hope that you will be able to avoid them in the future. They are really not worth it, regardless of big and established some of them are.
I know of a better opportunity that does not involve having to pester your friends and family. The details are all on the next section.
That’s it for my LifeVantage review. Hopefully this LifeVantage review helps with your decision.
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