The world of multilevel marketing is one that has attracted positive and negative criticism in equal measures. The unbelievers have branded LifeVantage scam due to their fast growth and profitability. LifeVantage grew their revenues by a whopping 65 percent in 2013 a figure many companies who die for. This impressive growth in revenue pushed their income for the year to record 208 million.
Some of the negative criticisms are valid based on some past issues the company has had. Right from the beginning back in 2005 they concealed the truth when Dr. Joe McCord took all the credit for discovering Protadium. Protadium is the main product manufactured by LifeVantage and many medical articles have been written on it. The articles have demonstrated the importance of Protadium in reducing the chances of diseases infections by reducing oxidative stress in people's body.
Paul MyHill in 2009 claimed that he was a part of the Protadium discoverers. He did not hide his disappointment with LifeVantage for giving all credit to Dr. McCord. The reason he gave for his 4 year silence was that they wanted to benefit from Dr. McCord's big name in the industry. To back his claims was a signed letter from McCough acknowledging MyHill to be one of the people behind Protadium discovery. This is one of the scams of the company.
In the year 2012 another rumors emerged from mlmwatchdog.com that LifeVantage had bought out Dr. McCord for $1.7 million after they had announced that he had retired. A company called Zrii filed a case against Life Vantage for trying to weaken the value of the company in order to buy it out. The court punished LifeVantage by a punitive $400,000 damage pay to Zrii. This is just one of the lawsuits the company has faced over the years
Their employees haven't been left out in the legal stifles with the mlm. Burke Hedges who had worked for the company as a distributor filed a case in Utah in 2011 seeking compensations worth $3 million for wrongful termination. Their latest employee to be shown the door is Jason Domingo in the year 2013 and they have filed a lawsuit against him on accusations of leaking out company secrets.
Is LifeVantage worth a try or should it be avoided? The past does not always determine the future and judging in on some past lies or lawsuits it has had is not fair. Payments to the distributors on their commissions accrued at each payment date are paid promptly without delays.
The company is a member of Direct Selling Association (DSA) an association that closely monitors multi level marketing companies' ethics. DSA has said Life Vantage is the best networking company with the best compensation plan in America. What can be more reassuring than a compliment from your regulator?
LifeVantage is a listed company in NASDAQ and as with all listed companies they have to release their financial reports regularly to shareholders and the public. The growth they have shown is real and not from creative accounting. Their reports will not lie since they must be audited before reporting.
It is by good relation with employees and distributors a growth like the one reported in 2013 can be achieved. Satisfied distributors who are the drivers for growth will put more effort in their marketing to earn more commissions. Protadium is on high demand to make pharmaceutical products which you will find in pharmacy near you.
The benefits are many when you signup to be Life Vantage's distributor. The products you are selling are really great and the commission is the best in the market today. Under the regulation of DSA and requirements of public companies know that you are protected. You can even buy shares of the company to be working for yourself and making double earnings from the company
A comparison between LifeVantage and other networking companies brings out a clear contrast. LifeVantage beats them all with good customer service and management. A search online will show you some companies such as Melaleuca have so many lawsuits and top distributor terminations. Money begets greed and that is what happens in most companies as the directors get greedy.
LiveVantage scam can't be true. It has the best mlm compensation plan in the country. Try them and you will never regret that choice.
Some of the negative criticisms are valid based on some past issues the company has had. Right from the beginning back in 2005 they concealed the truth when Dr. Joe McCord took all the credit for discovering Protadium. Protadium is the main product manufactured by LifeVantage and many medical articles have been written on it. The articles have demonstrated the importance of Protadium in reducing the chances of diseases infections by reducing oxidative stress in people's body.
Paul MyHill in 2009 claimed that he was a part of the Protadium discoverers. He did not hide his disappointment with LifeVantage for giving all credit to Dr. McCord. The reason he gave for his 4 year silence was that they wanted to benefit from Dr. McCord's big name in the industry. To back his claims was a signed letter from McCough acknowledging MyHill to be one of the people behind Protadium discovery. This is one of the scams of the company.
In the year 2012 another rumors emerged from mlmwatchdog.com that LifeVantage had bought out Dr. McCord for $1.7 million after they had announced that he had retired. A company called Zrii filed a case against Life Vantage for trying to weaken the value of the company in order to buy it out. The court punished LifeVantage by a punitive $400,000 damage pay to Zrii. This is just one of the lawsuits the company has faced over the years
Their employees haven't been left out in the legal stifles with the mlm. Burke Hedges who had worked for the company as a distributor filed a case in Utah in 2011 seeking compensations worth $3 million for wrongful termination. Their latest employee to be shown the door is Jason Domingo in the year 2013 and they have filed a lawsuit against him on accusations of leaking out company secrets.
Is LifeVantage worth a try or should it be avoided? The past does not always determine the future and judging in on some past lies or lawsuits it has had is not fair. Payments to the distributors on their commissions accrued at each payment date are paid promptly without delays.
The company is a member of Direct Selling Association (DSA) an association that closely monitors multi level marketing companies' ethics. DSA has said Life Vantage is the best networking company with the best compensation plan in America. What can be more reassuring than a compliment from your regulator?
LifeVantage is a listed company in NASDAQ and as with all listed companies they have to release their financial reports regularly to shareholders and the public. The growth they have shown is real and not from creative accounting. Their reports will not lie since they must be audited before reporting.
It is by good relation with employees and distributors a growth like the one reported in 2013 can be achieved. Satisfied distributors who are the drivers for growth will put more effort in their marketing to earn more commissions. Protadium is on high demand to make pharmaceutical products which you will find in pharmacy near you.
The benefits are many when you signup to be Life Vantage's distributor. The products you are selling are really great and the commission is the best in the market today. Under the regulation of DSA and requirements of public companies know that you are protected. You can even buy shares of the company to be working for yourself and making double earnings from the company
A comparison between LifeVantage and other networking companies brings out a clear contrast. LifeVantage beats them all with good customer service and management. A search online will show you some companies such as Melaleuca have so many lawsuits and top distributor terminations. Money begets greed and that is what happens in most companies as the directors get greedy.
LiveVantage scam can't be true. It has the best mlm compensation plan in the country. Try them and you will never regret that choice.
About the Author:
Learn more about the Lifevantage scam by visiting http://alderinordell.com/home/lifevantage-scam-avoid-lifevantage today. For additional info on the best MLM compensation plan, use the links at http://alderinordell.com/home/best-mlm-compensation-plan now.
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