Founded in 2003, LifeVantage Jungle is a openly traded ( pocket watch LFVN ) network marketing house specializing in specialized anti - aging products using its clinically studied Protandim supplement.
LifeVantage has a very stirring history€ฆ
LifeVantage ' s stock skyrocketed way back on 2005 after the announcements of clinical studies and television specials by ABC, the Today Grandstand play 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 sour to multilevel marketing for organization | After more than six months of planning and preparation, in May of 2009. Those who infer the power of Multi - Level Marketing were not muddled, 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 deal.
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 sometime tested it speak for the product. What I do know is I am more avid to try it than any other nutritional commodities I ' ve empirical recently due to the widespread clinical research and note reviewed research that have used into it. Over 20 universities have initiated a digit of self - funded medical studies on the product in relationship to its connection on anti - aging and disease. Some have been wrapped up and are au fait on www. pubmed. gov under Protandim to watch.
In discongruity to the majority of nutritional products, 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 outer antioxidants for this proposal. The corporate website of LifeVantage ( http: / / www. lifevantage. com ) gives access to all the studies, reports and data 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 nearly always use the aged " try it out ( for 30, 60 or 90 days ) and descry how you feel " shtick, LifeVantage distributors canhonestly exclaim that Protandim is clinically proven to lessen oxidative stress by slowing down the proportion of cell aging to the level of a 20 continuance elderly.
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 ofttimes 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 situation product autoships are routinely a little over 100 dollars per month, a one month autoship supply of Protandim for a retail " larger customer " is only $39! This pricing is much less than the industry benchmark, and so making it doable to get patriotic 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 feature, and a price that is really completely good.
Fundamentally it is going to take more than research and advertising for a product to make it. Protandim will have to make a noticeable effect on the overall health of people taking it, whether it be supplementary energy, more fitting sleep, not getting sick as frequently, etc. There ' s not a lot of people who will spend money on a product statement based on research alone. If you are reading this article and have truly 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 fairly a lot of money available in every compensation plan as long as it ' s unvarnished. If you learn from someone about how their compensation plan pays the most money in the business, high chance something is spurious.
Technically speaking LifeVantage uses a unilevel MLM compensation plan auspicious down 9 dynamically strong levels with the potential for a matching gift on the first four levels and a coded benefaction 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 likewise step to promote the movement of product that I especially like and which does a lot to secure truth. Like every corporation, distributors must stay war-horse to perform commissions, in LifeVantage this fixin's two hundred PV per month in personal berth. The delightful part is that the city generated from personal " larger customers " reduces personal room requirements for distributors. This plug in that as a distributor, I can reduce my periodical personal neighborhood requisite down to the minimum of 30 PV if I have enough personal customers vivid product.
Behavior rewarded will be duplicated so when you see a organization reward the enrollment of true retail " greater customers " ( consumers buying the product, but not partaking in the business fling ), you will most looked toward have a high customer to distributor ratio. One of the most crucial thing that the defender usual and FTC looks at when of substance if a occupation is a pyramid makeup or not is this ratio right here..
LifeVantage - Transaction & Direction
Beyond the short conte I have topical mentioned higher, there are a fuse elegant details cast the outfit. LifeVantage is a articulation of the Dispense Selling Battery ( 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 - involvement - in - littleton - co - 90014185 ). They were taken in and decided a suit with Zrii. In this trial, they were alleged to have conspired with terminated Zrii management / distributors to break contracts and switch to companies. It was settled for $400, 000 even if the indictment sought damages of 250 million dollars. This type of trial is standard in the multilevel marketing business and in my viewpoint nothing to be worried about.
As for the guidance 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 - national 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 prop of multilevel marketing business and there is no suspect 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 infiltrating 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 old softie of research and publicity behind Protandim, In my inference, 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 ready and markets through a comp community that is in my conjecture more legally reliable than your average MLM. Even though the company has put a lot of research and publicity you still have to make incontrovertible your faith is 100 % behind it before diving into it. In networking, you will be able to sell a product if you absolutely hold in it and you cannot exchange any amount of research for that. If you ' re not avid to give it a extent, then better if you don ' t give it any other day at all. LifeVantage will work if you work it.
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