Monday, September 29, 2014

Some Lifevantage Scam Facts You Should Know

By Hugh Hansen


There are many reviews on multilevel marketing companies with some reviews congratulating them for good work while others not happy with their services. Negative reviewers are not happy with LifeVantage scam mainly due to the huge returns it is making which they believe it is from scamming their clients. The returns were unbelievably good in 2013 with a 65% growth in revenues to 208 million dollars.

The company has had some issues in the past which is the base for the negative criticism. Back in the year 2005 some vital truth was not given to the public when all the credit for Protadium discovery was given to Dr. Joe McCord. Protadium happens to me LifeVantage's main product manufactured which medical articles have claimed in boosts people health by cutting down levels of oxidative stress which is the cause of increased disease infections.

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 2012, Dr. McCord was announced to have retired from the company while rumors from mlmwatchdog.com reported that he had actually been bought out for $1.7 million. The company has had legal issues with other companies since its incoportation. Notably is the case they had to settle by paying $400,000 to Zrii where Zrii filed a case accusing the company of trying to make their value to fall in order to buyout them cheaply.

It hasn't had it smooth with the employees too as they have had their fair share of lawsuits. A former distributor of the mlm, Burke Hedges in 2011 filed a case in seek of compensations at the tune of $3 million for being terminated wrongfully. Jason Domingo another employee in 2013 was not only fired by the company, but a case was filed against him for leaking company secrets.

You may wonder if it is worth avoiding LifeVantage due to its past mistakes or it is unfair to do that. Before making that decision it would be of importance to know that these issues have not directly involved clients. The clients and distributors get their paycheck on time and no delays have been reported.

The company is under the watchful eye and regulations of Direct Selling Association (DSA) which is the body that monitors multi level marketing companies. Only recently DSA was impressed by performance of Life Vantage and congratulated it for being America's best mlm compensation company. A regulated company will always be legit.

LifeVantage is a public company with its shares trading in NASDAQ. One of the requirements for a listed company is to release its reports regularly to the public. You don't expect audited reports from a public company to have been doctored using creative accounting so the impressive growth Life Vantage has shown is real.

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.

Signing up with Life Vantage will be of benefit to you since you get to sell great product and at the same time making really good commission. It is a well regulated company by DSA and a public company so you can make double earnings by buying their shares to be a part of the owners. The company can't be scam when it has been tested and proven to be paying commissions.

If you compare LifeVantage with other companies in multi level marketing you will be shocked how the others have had so many lawsuit and boardroom fights. Melaleuca for instance, has terminated many of its distributors plus has many cases in court. The devil of greed in money causes all this.

There is no question that LifeVantage gives you the best mlm compensation plan. Look at the bigger picture behold the few Life-Vantage scam reviews. This may be the chance to solve your financial problems.




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