LifeWave is a multi-level marketing company that specializes in health and wellness niche. The company sells products in categories of WinFit, skincare, nutritional supplements and patches.
WinFit is a line of product that helps in maintaining your fitness. It includes resistance bands that help in isometric training. The company also offers patches with various benefits like energy enhancement or pain relief. This company was founded by David Schmidt in the year 2004.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This is based on my honest research about it. I recommend that you read the entire review before thinking about joining this company.
Company Name: LifeWave
Price to Join: $25 & Up
My Rating: 6.9 out of 10.0
How Does LifeWave Work?
Let us take a look at the ways of earning money through the compensation plan of this LifeWave.
There are two ways to earn money through retail sales. You can sell the products at retail price after buying them at wholesale prices. Your customers can also order products from the company and they will send you your retail profits weekly.
PRODUCT INTRODUCTION BONUS
You need to be active to earn this bonus. The only requirement to be active is to have 55 personal volume per month.
You will earn this bonus when a new member buys an enrollment kit. Your bonus amount will depend on the rank at which a new member enrolls. You can also earn this bonus when a member purchases an upgrade kit. It is paid in the range of $15 to $500.
Binary organization means that your team will be divided into two parts. The first two people that you sponsor will be placed in two different legs and each person that you sponsor will be placed in one of the two legs. This will continue to infinite levels as there is no limit to the number of people that you can have in a leg.
You will get paid when a cycle occurs. A cycle will occur when you accumulate a total of 990 business volume points with 330 points on one leg and 660 points on the other.
Excess volume is transferred to the next cycle calculations. Each cycle will pay you $50, but you and your downline needs to maintain active status. As you can see, you need to have at least one strong leg to get the maximum benefit of this bonus.
COMMISSION MATCHING BONUS
This bonus is earned on the binary commissions earned by your downline up to 3 levels deep. The first level will include the people that you enroll. You can earn a 25% matching bonus on your first level and 20% matching bonus on your second and third level.
There is a limit for the amount that you can earn from binary commissions and matching bonus. Each week, the pay is capped at a dollar amount equal to 60 percent of the total BV for that commission week.
There is one more way of earning money and that is Diamond and Platinum product introduction bonuses. The compensation plan doesn’t have much ways of earning money so it is not that hard to understand. The qualifications are not high, but still the compensation plan is far from perfect.
You will have to build a team if you want to make the big bucks. I must say that I don’t like the fact that you have pay for higher membership levels to earn more money.
How Much Does It Cost to Join?
I could not find the cost of joining on their website because an enroller’s id is required to join. But after some research, I found out that you can join for as low as $25. You can also go all the way up to $1,499 for the Diamond membership. There are other membership levels in between as well.
The cost of joining is not high if you choose the lowest membership level, but the lowest level is not the best choice for people who are serious.
How Much Can I Earn?
I don’t think that you will have great results with this company because of many reasons. First of all, this is an MLM company and most people have a hard in this type of business. Secondly, the company doesn’t have a great product line and the products are expensive as well.
The company offers commissions for recruiting new affiliates but recruiting will be difficult for most people. You will be required to purchase a certain amount of product to remain active every month and this is not just your problem.
The new people that join under you will also be troubled by the monthly active requirements.
Without going into too much details, it is safe to assume that your chances of success are very low with this company. Only a selected few will be able to survive in the long run.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
You are required to buy the products monthly to stay active.
There are expensive membership levels with higher benefits.
In my opinion, LifeWave is not a scam. They still offer some helpful ways on how you can start your own business.
On the other hand, I must say that they still have some rooms for improvement. If you have the passion towards the products that they are selling then you can give this company a try. But if you are not fond of their method of earning then you can look for other alternative source of income.
Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Work at Home Business
- Teaches entrepreneurial skills
- Too Much Competition
- Climb the ranks to earn more
I know that you want to join in LifeWave because you are eager to find a new source of income. I also feel that you want to achieve financial freedom.
But let me tell you that this type of business not that easy. It requires perseverance and patience in order to earn your maximum earning potential. Plus you need to have great selling and recruiting skills in order to be successful.
On the other hand, if you are still looking for a new and alternative source of income, then you can also take a look into my personal favorite choice. My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. What I like about it is that it doesn’t require any selling or recruiting.
Right now, I am on my second year in this type of business and I am already enjoying the fruits and results of my labor. So, I want to share my success with you.
If you have more questions and concerns about the LifeWave, feel free to comment it below and I would be glad to interact with you.
Please let me hear your experiences and personal concerns on the comments below!