Whether you came from the wellness victory Instagram Ad or from a friend that you haven’t spoken to for years telling you how they lost 40lbs and also increased their income and quit their 9-5 job, I am assuming that you are on my page because you recognize that the LifeVantage sounds like a fantastic opportunity. However, something is still puzzling you, perhaps the gut instinct individuals typically have to scream at them to run as far away in the other direction, after all, this is an MLM. These types of business models tend to have that effect on people.
But does the opportunity outweigh the subconscious fear, or are you right to listen to your gut, and completely avoid Life Vantage?
I’m David Nelly from Safe Money Makers, and today we are going to in fact discover the answer to the question, Is LifeVantage legit, or is LifeVantage another one of those weird cult-like pyramid scheme scams?
Now, when it comes to MLM opportunities, this is the criteria that I tend to look for, and the questions I think you should be asking.
🤔What is the income potential for this opportunity?
🤔How much Product, or usually in MLM terms, Personal Volume will I need to maintain my membership within its compensation plan?
🤔Is an income disclosure statement released by this company to properly follow FTC guidelines? This is important because you need to be able to trust the company you work with. If this is not provided, it is highly likely that the company is manipulating the narrative to make you believe you can make way more money than possible through this company.
🤔If an income disclosure is provided, what are the average earnings for people in the MLM? Does it look like there is a decent moving-around rate with evenly dispersed percentages in the company’s structure? Or, does it look like 80% to 99% of all MLM distributors are never ever able to move above the beginner ranks and only make around $10-$1000 per year?
🤔How much time and energy will you be spending in the MLM? Will you be able to tackle this MLM structure in a relaxed pace? Will you be provided with an opportunity to use online marketing to promote the company’s products? Or will you be hustling all over doing door-to-door sales, hosting parties to introduce the product, and relying on selling to friends and family?
🤔Is the company’s product actually good, or improved over the competition? Or does the MLM rely more on recruiting others and attempting to finesse how much money you can make with the company to get people in versus selling the company’s product?
Now, my job here at Safe Money Makers is to help you avoid bad programs, scams, and pyramid schemes, as well as help you find that online business opportunity that does guarantee you legitimate job replacement income! (If you are willing to put in the work)
If you have studied MLMs and pyramid schemes like I have, as well as done all the research that I have, you would already understand that only 0.4% of people turn a profit in the Multi-Level Marketing/Direct Selling Industry.
In fact, you can see direct proof of this from a research case study done by the Federal Trade Commission. You can download a PDF file here that displays the truth in this.
The Premise of the product:
-Owner: Darren Jenson
-Summary: Health and Wellness based MLM
-Opportunity Cost: Required product package cost of $50 to $999. Required payment of $50 per month to maintain compensation plan membership, and dependent on rank, a requirement to meet sales criteria, and some people pay out of pocket to maintain the membership because their business is not generating sales.
Recommended? Keep reading to find out!
What is LifeVantage?
Life Vantage is all about activating wellness and activating life..or something. They are a Multi-Level Marketing company that operates in the health and wellness, supplements, skincare, and beauty space. Some examples of their products would be heart health supplements, fat burners, skincare, and hair cair products, basically the whole beauty product library.
The company started up in 2003, created by a man named Darren Jenson.
He was the CEO and President of LifeVantage until September 2020. He was also once the President of Jenusse Global, and I think he’s been involved in some other MLMs. To draw this picture fast and simple, he has been in direct selling for a very long time, found both Jenusse Global and LifeVantage, and you know the whole deal, the guy’s a superstar with a very impressive resume.
He resigned from LifeVantage in September 2020, and a man named Steven R. Fife took over.
Steve R. Fife spent around 4 years as the Chief Financial Officer for LifeVantage. Before LifeVantage, Steve had tons of experience in other Chef Financial Officer positions, and Vice President Positions for a multitude of various other companies, to chalk it all down, another superstar with a very impressive resume. Steve R, Fife is the current CEO and President of LifeVantage.
They have a very slick and colorfully designed website, and for an MLM, their penetration into marketing is very impressive compared to most. They even have an entire soccer team in the Major League Soccer division representing the LifeVantage Company on their jerseys. The team is known as Real Salt Lake.
People from Reddit’s AntiMLM forum won’t like this, and if I am being honest, I have concerns about this as well I have been studying the make-money-online industry for a very long time, and MLMs, well, they are quite toxic and destructive.
But in the forum of a double-edged sword, I also have respect for the fact that a business model known for getting sued constantly managed to market and penetrate a major league soccer team. That’s an impressive reach!
LifeVantage Product Review
If an MLM has junk products, then the greatest compensation plan in the world with 95% commissions and payments of $3,000 per recruited member would still land you less than $0 in your bank account if the MLM has crap products, and that’s what this section of the review is here to discover. Do LifeVantage products work or are they all garbage?
Now before we get into all of this, I want to tell you that some of these products may be impressive, and they probably even work, but you should keep in mind that none of these products are FDA regulated.
Now I would give you a list of all of their products, but.. there are a lot of products, so if you are interested, you can take a look at the Life Vantage shop here!
As you can imagine, they have a large selection of products for every category that I listed above. I will say that I am impressed by just how many diverse products that they have.
I’m honestly not about to buy a bunch of these and test them out, but let’s see what other people have to say about LifeVantage products.
I generally looked around Reddit, and outside of that website, it’s hard to decipher if people actually mean what they say, or if they are just trying to make the company look good because they are inside the compensation plan, you know how those MLMs do business. Most people seem to believe that the products are okay, not great, just okay.
This is going to be a thumbs down for me???? considering how expensive they are, and also the fact that you can get these products much cheaper when sold through a normal business, and not an MLM format.
Watch out for wild untrue claims:
MLM companies are known to attract very poor people. With the desire to create wealth beyond their wildest dreams, they may make very untrue claims about their product, claims such as the following below.
Like let’s be honest, there is no way some nonregulated MLM product is going to extend your life.
In any case, I will give the LifeVantage products a 2/5. They get two points for doing a moderately okay job with the whole skincare regime, I wouldn’t recommend trying any of their “biohacking” products, because who knows what nightmare awaits at the end of a supposed brain drug created by an MLM. I take away 3 points for their horrible pricing structure.
Overall, I would not recommend spending $140 per month on washing your hair.
Tragic stories of distributors from LifeVantage.
Anyways, yes, really wild crazy stuff. Some of the distributors are lower than vermin as well, I was reading a forum about how one person was diagnosed with schizoaffective disorder, PTSD, and a myriad of other disorders. They were seeing their psychiatrist, and this psychiatrist happened to be peddling LifeVantage on the side, so what she did was, she diagnosed the person with oxidative stress, claimed that the oxidative stress would get worse over time, and then convinced the patient to purchase LifeVantage supplements to contain the oxidative stress.
Compensation Plan Review:
As already mentioned at the beginning of this review, you’ll already realize that 99.6% of all participants in MLM are destined to lose money, but is LifeVantage any different? Could this be the one MLM company that will have a higher probability of yielding better results?
If you really want to make money through this company, it’s not going to be the dream 4-hour work week that you think it is going to be!
Before we get into the nitty gritty about how much it costs to join LifeVantage, and all of the ranks, the bonuses, and the hibi jibi, I’d like to show you the income disclaimer provided by LifeVantage so you can have an idea of what most people make working for this company.
The first thing I’d like to point out is that the average annual earnings for a distributor in 2021 was $704. Take $704 annually and transfer it to the expected earnings per month, that’s $59 per month.
Now, as seen on the chart, 79% of people don’t even rank up from the 1st rank available, the distributor rank, and even if they did manage to reach that 2nd rank of Pro 1, very few move past that.
So to put this in perspective, more than likely, you wont make it past Distributor, if you are making $5 per month, that probably means your making more than most distributors.
Even if you outwork everyone or just have way better luck, your average earnings as Pro 1 is going to be $58 per month.
How much does it cost to join LifeVantage?
To join, you are going to have to purchase a product package, typical fashion of most MLMs.
As you can see, these enrollment packs can cost from around $50 all the way up to $999.
A welcome note? Money well spent!
Now, if you’re like me and you just want to make money, you might think that the Start Kit aka the cheapest stuff is the best option, unfortunately, there is the infamous PV requirement, and as you can see from the screenshot above, there is no PV that comes with the starter kit.
There are two caveats that are hard to notice, but here’s the first.
To remain active, you must sell about $130 worth of products per month and purchase about $50 worth of products just to remain active.
And yes, you can meet the sales quota by spending your own money to buy more products for yourself.(A factor many people overlook while studying income disclaimers for MLMs).
100PV from what I understand is close to $130, so you gotta maintain that, either through selling, or buying the product yourself, then in addition to that, you much personally purchase 40PV which equates to $50 per month.
Remember this income disclaimer I showed you guys earlier?
Well, there are two things that this chart does not take into account. First and foremost, the fact that you have to purchase $50 worth of PV, so those average earnings of distributors making $5, well they are actually losing $45 per month, and those Pro 1 ranked distributors are only making $3 per month on average.
The second factor that this chart does not take into account is the number of people purchasing PV with their own money outside of the Personal Purchase requirement to maintain their rank, therefore losing even more money in the process.
Alright, now that I’ve told you what you need to hear, its time to tell you what you want to hear.
How to earn with LifeVantage:
Retail Sales Profit: Commission-based selling way to earn.
Retail Sales encompasses the Smart Start Bonus, which allows you to earn between 30-40% commissions for anything you sell to new customers within their first month. In addition, you also will activate the Launch Bonus if you are a Pro 3 rank, and personally enroll a new distributor that purchases a qualifying enrollment pack. The Launch Bonus enables you to receive a 5% commission on their enrollment pack purchase. Hopefully, they buy the most expensive pack which costs $999.
Unilevel Commissions: This section is designed for those who have managed to recruit others to become distributors. Earn commissions off of others in your downline. Up to 43% of the entire team’s PV, and up to 9 levels deep. These commissions will generally come from either required enrollment purchases, or the required PV they need to pay to maintain their membership.
Generational Matching Bonus (a possibility upon achieving rank Pro 3): With the generational matching bonus, you can achieve a 10% commission off of your first-generation personal enrollee’s unilevel commissions. Then, a 5% commission off of your 2nd-5th generation unilevel commissions.
Global Elite Bonus Pool: This is essentially one of their highest ranks, the global elite. If you manage to achieve this rank, you will earn a small amount of LifeVantage’s global sales as a whole. What they do is take 4% of all the global sales, and then disperse that 4% to people within the global elite ranks. Ranks Pro 7-Pro 10 share the global elite rank, here is how the 4% of global sales are divided.
One-Time Rank Achievement Bonus: If you manage to achieve the rank of Master Pro 10, Executive Master Pro 10, or Presidental Master Pro 10, you can achieve a major bonus payout, so long as you keep your PV in check and say yes sir and no sir.
Despite these being one-time payouts, the company takes around 12 to 24 months depending on the amount to pay this out in full. They make it this way so that you’ll continue to peddle the LifeVantage products and meet the company requirements, if you fail throughout your testing time, they will withhold the money.
Sounds like a crappy way to earn a bonus check.
Multiple Business Centers: Once a distributor reaches the requirements to achieve the rank of Premier Pro 4, they are eligible to apply for another distributor position called a business center. Essentially, this allows them to start over and build an entirely new downline. This can apply to a few other ranks as well to build a 3rd brand new downline upon reaching Elite Pro 9.
Overall, those who are in the top 5% of network marketing and possess an elite skillset of selling and convincing or have an abnormally large network of people in their lives who happen to love MLM-related structures and products, I can see this being a lucrative compensation plan for them.
However, if you are a person who got a random message from a friend you haven’t spoken to in like 2 years and have no experience in MLM, I’d definitely tell you to turn away immediately!
And I’m not saying this to you to demean you or try to convince you that you don’t have what it takes or try to convince you that it’s not possible to work from home, believe me, it is possible to work from home, but MLMs, that simply is not the way to go, I really hate MLMs if I am being frank, I hate their business model, and the predatory tactics that they use, especially considering that they purposefully target people who happen to be in a rough spot in their life, and then manipulate them to spend all their time, energy, and also money to promote the MLM, and end up in the worst financial position in their lives.
✅Decent Compensation Plan for those at the top of the food chain
✅Huge list of products
❌Most products are regarded as mediocre when feedback is provided by people who aren’t trying to sell the products.
❌Most of the products cost more than other products on the market that match or exceed LifeVantage quality.
❌According to the Income Disclaimer, about 90% of distributors make less than $50 per month, and its unknown if the $50 is actually a net profit.
❌It is statistically proven that 99.6% of all participants lose money in MLM, and this one will be no different.
Life Vantage gets a…
This MLM is not David Nelly Approved!
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