I have been hearing about LifeVantage Network Marketing for a while but never took a closer look until lately. Apparently, they just expanded operation to Thailand with a big office in Bangkok for support. This is in addition to LifeVantage being traded on Nasdaq under the ticker LFVN.
I always enjoy expansion news for the Network Marketing profession and clearly, LifeVantage is one of the companies in the forefront of that. LifeVantage’s Executive Vice Chairman is Dave Manovich.
When you browse on YouTube for LifeVantage reviews, you are probably not going to see a great deal of sincerity. Google is simply another bathroom wall where individuals with all kind of motives can slap whatever agenda that they desire. LifeVantage as a company will certainly be the best to offer you with legitimate company details and qualifications. With respect to making money in LifeVantage as a representative, it’s all in active and leveraged prospecting and marketing. There are no other methods around it. I recommend attraction marketing.
Most people that joins a network marketing opportunity such as LifeVantage were invited to a private business reception (PBR) by a friend. They are basically individuals who work at regular jobs without any business development obligation. It’s as simple as, do the job for 8 hours each day x 5 days a week and pick up a paycheck 2 Fridays after. You just pick up overtime hours if you require more cash.
In LifeVantage, you will have 2 types of independent representatives. There is the common representative which makes up about 95 – 97% of the rep population. But there is the leading 1-3 % that earn the majority of the cash. The beautiful thing about the whole model is that each and every single rep can choose which of the sectors they want to be in 6 months from the point of choice. Not only in LifeVantage, but in every multi-level marketing company. The difference in compensation plan is really not relevant.
LifeVantage is a company that uses the multilevel marketing model to distribute its products. This model involves a compensation plan that compensates regular individuals for presenting the brand name to their existing circle of influence. The Network Marketing business model gives as average human being a chance to obtain into the entrepreneurship world.
You probably need to run if there are no genuine products and services being sold that individuals would spend for even if they were not involved as a distributor. The last time I checked, LifeVantage does not fall into that classification.
Is LifeVantage a Scam?
This concern originates from fear. There is absolutely nothing off with a little bit of fear as cautionary thing. But that which I just shared with you is a magic bullet way to know if a business venture is a scam, ponsi scheme or something you ought to run from.
The investment minded representative is the driving force in LifeVantage and the other network marketing companies. In every 30 representatives sponsored into LifeVantage, the desire ought to be 3 or less investment minded representatives who become the super stars. The rest of them are opportunity minded people. They are in it for what they can obtain from the world and not exactly what they can provide the world. This behavior is in fact the standard and the very reason why you may see some declaring the 95% failure rate in business opportunities such as LifeVantage. It has nothing to do directly with success rate in the company itself; however the whole industry at large.
You can definitely use multilevel marketing opportunities as a business partner which is exactly what I advise if you do not wish to end up being another piece of the IBO failure stat in the multi-level marketing industry.Much like in thousands of of multilevel marketing companies, the majority of LifeVantage IBOs don’t take the time to read their independent employee contract. It simply says LifeVantage has the right to terminate your account if they dim you or your business practices detrimental to the company wide direction. However, it likewise says if you distribute, they will certainly reward you financially according to your team production.
Success in the business needs discovering some knowledge beyond what LifeVantage might have provided for you. This is the point where we know the difference in between those in business for what they can obtain from the world versus how they can impact the world. This is where you discover the difference in between the mediocre whining that their upline is not available on the phone to babysit them and the champs that takes full ownership in their fate with LifeVantage.
As a rep, when marketing your LifeVantage business, attraction marketing is what you need to adopt and use. I do believe you should launch a brand new network marketing career to your existing contacts. But after a launch, the next rational thing to do is to discover ways to market and prospect like a PRO.
People join people. People do not join companies anyway. If they desire to work with you if they feel like you are that leader in LifeVantage they ought to work with, people decide. The first thing your potential customers will do is to Youtube browse your company name if you lead with the company brand in this generation of MLM. If they do that without them being already sold on working with you as a leader, they will certainly either find unfavorable stuff on the internet about your company or discover another leader in LifeVantage to deal with.
One of the lots of reason numerous fail in LifeVantage that you need to avoid is pushing the company’s brand. Typically when I am speaking with an MLM representative with regards to marketing, they find themselves tippy toeing through the business since they are scared of breaking the company rules. The only method to break the company rules is by using the company brand. That’s bad marketing for an MLM rep anyway. There is not a guideline that ought to be relevant to your business practices.