10 Important Considerations
Here are some important business points I consider before I go into a venture with any company:
- I look for a unique product. It needed to be something not available elsewhere in the marketplace. This product fits those criteria.
- I want the product to be distributed through the direct selling model only. This makes the full advantage of leverage available to me.
- I am interested in an opportunity that is available in other countries besides the US. LifeVantage is open to do business in the US, Australia, Japan, Hong Kong, Canada (for customers only at this time) and Mexico is pending a re-determination on one of the herbs in the product).
- A compensation plan that is fair and pays well. The Life Vantage comp plan pays out 56% of sales to the distributor base. link to Comp Plan video The compensation plan is a hybrid and focuses on specific behaviors. The plan distributes the payments throughout the leadership ranks.
It promotes team building and staying involved developing teams. There is an upper level bonus called the “Elite Bonus” that helps to eliminate cross line competition since all the upper level leaders are compensated on 4% of the companies monthly sales split into shares. I have
personally met and spent time with three of the upper level leaders that have developed upper 5 to lower 6 figure incomes per month in two to three years.
- A system with training that promotes duplication. The number of upper level leaders that have been produced in the three and a half years since they changed to the Direct Selling Model has shown me that the system works.
- Timing of an opportunity that isn’t too early and full of risk, yet not so far that the momentum phase is missed. Life Vantage is in the best window of opportunity right now.
I have not been disappointed in either the health benefits or the income achievement with the 3 to 5 year plan Marta and I established when we saw Life Vantage fulfill these 10 points. The keys to success after you see these points in a business opportunity are Passion, Work Ethic and