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Herbalife Review – A Look Inside the Company, Products and Compensation Plan
Herbalife was launched in Beverly Hills, California in 1980. Company founder Mark Hughes’ personal goal was to help people lose weight and improve their health safely and effectively. He started selling products from the trunk of his car. Today, Herbalife is a multi-billion dollar company that has endured for over 20 years. Herbalife currently operates in 70 countries and has more than 1.9 million distributors.
Products
Herbalife’s main products are their Formula 1 Nutritional Shake mix and multivitamin complex. They also offer a wide range of health, fitness, wellness and nutritional supplements, as well as personal care, skin care and weight management products. Herbalife tests its products and has established quality assurance procedures. Raw materials (including botanical ingredients) are sourced from reputable suppliers worldwide.
Business opportunity
When you become a Herbalife distributor, which includes an upfront payment, you get your personal product at a discounted price. You then have the right to sell the opportunity to others. As far as I know, the sales techniques used by most distributors are more in line with older style MLM companies. For example, product parties, flyers, word of mouth, writing lists of friends and family. There are also regular meetings that you may want to consider attending if you want to get the most out of your business.
Compensation plan
There are about 14 different levels in the Herbalife structure. Everyone starts at the bottom as a distributor. The goal is then to move up the ladder by selling more products, which gives you more volume points. Most Herbalife representatives are at the bottom of the structure. In addition, most of the money is made by a small number of people at the top. It is designed on an exit-type compensation plan, so when you reach a certain level of volume points, you leave the original sponsor.
Conclusion
Herbalife has been around for over 20 years, so if you’re looking for longevity, this could be a good choice for you. Some things you might want to consider when looking into Herbalife is that you need to have your own inventory, take orders, and collect money. You also need to get in people’s faces to get sales. If you are comfortable running your business this way, it may be worth considering.
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