Herbalife is truly an internationalized company with distributors in 65 countries. Don’t let this figure fool you into investigating the truths surrounding the Herbalife scam.
The Herbalife scam is real and what follows is a quick rundown of why you might want to avoid this company.
A) All scams have their beginnings
Founded in 1980 by Mark Hughes (who died at the young age of 44, was an avid consumer of his own products, and whose body was found with substantial levels of alcohol and sleeping pills), Herbalife is now over 25 years old and counting with 1.5 million distributors in 65 countries.
Well, that statistic is proof that the company’s promises of unlimited income potential and world-class nutritional and supplemental products certainly attract the attention of potential prospects. But what happens to most of these prospects once they become distributors?
B) sucking you dry
It would be wrong to ignore the positive attributes of the company while promoting a Herbalife scam, so here are some good things:
- Low start-up costs: about $ 108 for the standard opportunity pack, about $ 78 for the mini-pack
- Minimal risks
- No experience required (this attribute sells to many people on Herbalife)
Now, the above costs are not many. However, once you become an independent distributor, your sponsor will bombard you into buying thousands of dollars worth of products in your first month or two under the basic premise that you will be making a profit in just a couple of weeks due to the huge demand for the company’s products, no problem.
Wrong, there is a big problem.
According to Herbalife corporate, the median distributor earnings in 2006 were $ 5,100, and from what I heard recently, that number is expected to drop in 2007. I feel like this is a decent average to report, however, let’s take a look. To the next:
- About only 1% of Herbalife distributors are responsible for earning more than 85% of the company’s wealth, which means that about 99% of the company is fighting for the remaining 15% of the sales that make up the Herbalife’s billion dollar empire.
These are not the percentages you want to see when considering a multi-level marketing company. Further:
- Herbalife products, on average, sell for 30% more than the same product with the same ingredients, just under a different name, in most nutrition stores.
What does this mean? It means that supply and demand go out the window and so does the money invested. Nobody is going to pay the unequal prices that the company dictates unless they are not aware of the large number of competitive and cheaper products that exist. As a result, you won’t make a lot of sales.
C) The bigger picture
Although I and many others believe that the Herbalife scam is real, I will admit that the compensation plan is quite rewarding. It is rewarding for those who, along with the people they sign up to, can sell large volumes of product to make up for the small profits from each individual product.
For anyone not interested in the Herbalife scam, try to find a company that will reward your sales immediately, without having to give any to your sponsor.
Blazing fast financial success
The Herbalife scam is real, avoid it like the plague. Regardless of the products or programs you decide to promote, the number one key to phenomenal financial success online is mastering effective marketing strategies. A mentor can help you do this, so always keep an eye out for one.
Once you know how to market effectively and believe in the product you are marketing, you will be absolutely successful!