Herbalife Review | Herbalife
ByHerbalife Review : Experts Rank Herbalife Compensation Plan One of the Best in the Industry But there’s a Catch…
Herbalife is one of the world’s top nutrition and weight-loss companies, with reported net sales exceeding $2.3 billion in 2009. Its products are currently distributed in 73 countries through its network of over 2.1 million independent distributors. The company also sponsors a variety of sports teams and clubs across the world, including the American Youth Soccer Organization, Mexico’s Club San Luis and the LA Galaxy soccer team. This Herbalife review will provide a brief overview of the company’s background, its product lines and its compensation plan.
History
Herbalife was founded in 1980 when founder and product creator Mark Hughes started selling the original weight loss product door-to-door from the trunk of his car. Hughes opted for the MLM model to sell the product and grow his company, bypassing retail outlets, with great success: by 1982 the company had already generated more than $2 million in sales from its network of thousands of direct distributors, and had expanded to Canada. The company slogan, “Lose Weight Now, Ask Me How” became nationally famous and helped move the company further into mainstream consciousness. It became a publicly-traded company on the NASDAQ in 1986 and had a successful IPO in 2004, offering 14.5 million common shares of stock at $14 per share.
Products
The Herbalife product line includes weight management, energy and fitness, targeted nutrition and personal care solutions. Herbalife review writers have praised this diverse product line as being one of the selling points of the MLM business opportunity.
Weight Management solutions include the Formula One nutritional shakes, Total Control metabolism booster and energy builder tablets and Snack Defense tablets that help decrease the absorption of glucose in the body, to help control between-meals hunger pangs.
Energy and Fitness products include the Liftoff Energy Drink to increase energy and improve mental acuity and Nature’s Raw Gurana tablets for mental alertness.
Targeted Nutrition solutions include products addressing digestive health, heart health, healthy aging, immune solutions, men, women and kid’s health and stress management.
Personal Care products include Herbal Aloe Moisturizing Shampoo, Radiant C Daily Facial Scrub Cleanser and Skin Activator Day Lotion SPF 15.
Compensation Plan
Herbalife review writers have ranked the Herbalife compensation package as being among the best in the industry. You begin as a Distributor by buying an International Business Kit from an existing distributor who becomes your sponsor. You can then begin earning money in a variety of different ways. By selling the product at the retail price directly to customers after buying it at a discount, you can earn an immediate profit of as much as 50%. You can also begin building your organization by sponsoring new Distributors, who will become part of your downline. Increasing volume purchases and recruitments will qualify you for higher levels in the MLM chain, which come with benefits such as higher retail profit and wholesale profit as well as qualifying for Royalty Overrides, Organizational Production Bonuses and other incentives such as invitations to special training and vacation events. However, you will have to requalify annually to continue to enjoy bonuses at the higher levels; if you fail, however, you will still retain your team status at its current level.
Closing Thoughts
Herbalife has been here for awhile and will be here for a long time. As you have read from my Herbalife review the company has a strong solid history. A key factor in researching companies in the mlm industry is to see whether the company can withstand the test of time. Most new mlm start-ups dissolve in under 5 years but Herbalife still remains strong for about 3 decades. Although Herbalife is a strong company with a good background there’s some things I must point out. It’s very important that I stress them so as to prevent you from making wrong decisions.
Here it is: Herbalife has passed the prelaunch(foundational) phase of an mlm company. It has sailed through the momentum phase as well and is now steadily cruising in the stability phase. Look at the graph below.
As you can see, wealth can still be made in this company but it has been drastically reduced from the previous 2 phases. Only 10% of wealth is generated comparatively.
The Herbalife products are quality products undoubtedly but can be compared to any other products in your national health product retailer and for a much cheaper price point at times.
The compensation plan is one of the best in the industry and has now been emulated by other companies making the plan a “dime-a-dozen”.
So how can an Herbalife distributor succeed in this company if the growth is in it’s stability phase, the products can easily be compared, and the compensation plan emulated by thousands of other companies?
A simple answer would be to learn how to market this opportunity to like-minded entrepreneurial people (and tons of them) and positioning yourself as a knowledgeable leader.
The internet can play a big role in marketing to tons of like-minded entrepreneurs for Herbalife or any business you choose. You can become a knowledgeable leader by investing in yourself.
If you’re an Herbalife distributor or looking to be one and are ready to lead your team to victory then you need to take a look at this.
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