Today we will be reviewing a company called LifeWave. Is LifeWave a scam? Find out in this LifeWave Review.
You wake up one day, finding message notifications on your phone. It is from someone on your friend list in social media, but you do not even talk to them. This person could be someone you know from before, like a high school classmate, an acquaintance you never talked to again, or maybe an ex-lover.
Either way, they just decided to slide into your DMs one day, spouting some weird nonsense about products that have “changed their life”. Because you are “special”, they decided to share them to you, so that your life can change as well. There is also a part where they talk about how you can earn thousands by selling these stuff.
Curious and confused at the same time, here you are, because you decided to research what that was all about. Honestly, I am glad that you did not trust them right away. After all, why would they even contact someone they do not even talk to?
I suggest you brace yourself because you are in for a ride today. This LifeWave review will be spilling a lot of tea about the company.
Before we go further in this LifeWave 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 LifeWave in any way.
Hopefully this LifeWave review can help you decide whether you want to sign up for the company or not.
Before we proceed with the LifeWave review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is LifeWave?
LifeWave is a multi-level marketing company in the health and wellness niche. The company was founded in 2004 by David Schmidt, and is currently based in California, United States.
For over three decades, Schmidt has worked as an entrepreneur and product developer, and he even worked for the military as a researcher. I guess these skills and experiences make him credible enough to run a company like this.
LifeWave Products
The flagship product of LifeWave is their “healing patches”. It is also their most popular yet controversial product because they made some pretty bold claims regarding them.
These so-called healing patches were allegedly created using nanotechnology. They say that no chemicals or drugs were involved in the manufacturing process of these patches, and that it only contains oxygen, water, and amino acids. Even I got confused about what they were trying to say here.
Apparently, just sticking these patches to parts of your body will improve your health dramatically. That sounds made up, and I am not sure if they are aware that people are not really that dumb to believe such claims.
They state that these patches stimulate pressure points in your body, which explains why using them will benefit your health. I guess this video will help explain that better.
The effectiveness of LifeWave’s patches are subject to scrutiny, because people who feel better may just be experiencing a placebo effect. Regardless, these patches seem to be products they sell the most of.
LifeWave’s product line also includes nutritional supplements, skincare products, and fitness products.
How Do MLMs Work?
Let us talk about MLMs in-depth. This section is dedicated to exposing the truth behind the operations of MLM companies. I suggest that you read this entirely, and do not skip especially if this is your first time on this website. The truths I will be talking about are all backed by credible sources.
I am certain that this section will influence your decision. After reviewing hundreds of MLMs and spending hours of my life researching them, I have come to notice some patterns and similarities between each of them. Today, I will be discussing why MLMs continue to exist, despite the world having no more need for them.
You can buy anything online nowadays. All you have to do is to browse e-commerce stores. I am an avid online shopper myself, and sometimes I use retail therapy in order to de-stress. From my observations, the biggest e-commerce sites in the worlds have simple, straightforward UIs, which helps customers browse easier.
This has been the norm for a while, so what I do not understand is why MLMs still exist. There is no more need for them anymore, because people only need to search for the product they want. They no longer need to go through a middleman for transactions.
Well, I guess the reason why MLMs are still around is because there are still people who believe them. They are good with lying, and they usually target desperate people who just want to make money.
Other than that, these MLMs are also very manipulative. They ask their members to quit their jobs in order to fully devote their time to them, even though they will not be paid wages for their work. MLMs really are the worst.
Is LifeWave a Pyramid Scheme?
Since LifeWave members earn money both by selling services and recruiting new members, then it is safe to say that LifeWave is not a pyramid scheme.
However, since LifeWave 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 LifeWave look like a pyramid scheme in disguise, doesn’t it?
Like VoxxLife, Elevacity, and Enagic, LifeWave is not a pyramid scheme.
Is LifeWave a Scam?
No, LifeWave is not a scam.
However, if you think this is enough for you to jump in LifeWave’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.
Luckily for you, the best source is the one you are reading at the moment. Yes, this LifeWave review is just an example of the best source you can consult online, called third-party reviews. Like their namesake, these reviews were published by entities who have no connections whatsoever with any MLMs.
This means that they can publish facts without thinking about it hurting an MLM’s reputation. Nothing holds them back from exposing the truth, especially if the truth is backed by credible sources.
If you have concerns that were not answered by third-party reviews, you can always consult online forums. Forums are good databases of information, because forum users are always updating them. This gives you assurance that every time you visit a forum, you only get the latest information available.
Forum members are quite friendly too. They dedicate their time to updating the forum threads and to answering questions from other members. Some forum members used to work for MLMs too, which just adds credibility to them. Their goal is to get people educated to the truth behind these companies.
How to Make Money from LifeWave
Since LifeWave 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 part was not really discussed thoroughly by the hunbot who tried to sell you the opportunity. Regardless, now that you are reading this LifeWave review, I guess I will be giving you a crash course on how to make money in this MLM.
Selling products is pretty self-explanatory, and is probably the only method discussed by the hunbot. Basically, once you sign up for LifeWave, you are eligible to buy products for discounted, wholesale prices. You can then sell them for retail prices, and that is how you earn a profit. There is a fixed percentage you can get.
The recruiting aspect is really where it’s at. You get the most money by utilizing this method, because if you were able to recruit enough people, you do not even need to sell products by yourself anymore. All you have to do is take your downline’s product orders.
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?
Seems like this company has just made itself look even more shady. Let us forget about the ridiculous claims they made regarding their products at the moment and focus on the financial aspect. I mean, this is the main reason why you are contemplating about whether you should join this company, right?
Releasing an income disclosure statement is not really a requirement for MLMs. However, they should be aware that their business runs because of the trust given to them by members. They surely deserve better, right?
Members should be made aware of how much money they can earn in the company. Not only that, but they should not be lied to in terms of earnings and how much money they need to put in for the opportunity to work.
The problem is these MLMs are well-aware that people who join MLMs do not make money. Of course they would not want to tell them that, so they find ways to avoid the question. This behavior does not do them any favors, as it just makes them look worse than they already are.
Things I Like in LifeWave
Established Company
This company has been in the business since 2004, which means that they are nearing they have been in the market for more than a decade. That is impressive, especially because LifeWave is in a competitive niche.
I guess this means that LifeWave continues to be profitable, despite of all the new competition they face through the years. The company continues to be stable, meaning that whatever they are doing seems to be working.
Trusted by Athletes
LifeWave’s Energy-Enhancing Patches is being used by the US Olympic swim team to improve their athletic performance. This resulted in a controversy surrounding illegal drug use. Samples of said patches were sent for testing to the United States Anti-Doping Agency (USADA), but turned up nothing.
This means that the products really are drug-free, like the company claims.
Things I Dislike in LifeWave
Expensive Products
Regardless of how interesting their products are, they did not seem to think that people will be turned off by how overpriced they are. For one, their Energy-Enhancing Patches cost $89.95 for 30 patches. That is just ridiculous.
Other than that, their skincare products also seem to be a lot more expensive than prices set by other MLMs. Yes, other MLMs. I think you know by now that MLMs have overpriced products, but LifeWave seems to have topped them all.
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.
LifeWave Compensation Plan
Feel free to view and access LifeWave’s compensation plan by clicking this link.
Here are the ways with which you can make money in LifeWave.
- Retail Profits. You can get LifeWave’s products for discounted prices, then sell them to your customers for a profit. Your customers can also place their orders straight from LifeWave’s website and you receive the commissions to your bank account.
- Product Introduction Bonuses. You get commissions from every purchase of a starter kit. This will encourage you to recruit more people.
- Binary Commissions. You need to build two teams in order to receive residual commissions.
- Commission Matching Bonuses. You get a matching bonus based on the sales made by your downline.
This video can help explain LifeWave’s compensation plan better.
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 – LifeWave
Before I end this LifeWave review, I would like to share a few more insights that could help you.
I think you are feeling let down because you thought that LifeWave is your way out of your corporate job. Well, even if that is the case, I am glad that you read this LifeWave review up until the end, so now you know why it is not worth joining at all.
I hope that with this new knowledge, you will be able to share to people that joining an MLM is not a guaranteed way to succeed. After all, MLMs are pretty good at lying and manipulation, and I am sure that you do not need that in your life.
I can suggest a better opportunity for you that is stress-free and would not require you to pester your friends and family. The details are in the section below.
That’s it for my LifeWave review. Hopefully this LifeWave review helps with your decision.
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