Welcome to my review of LifeWave!
The most important thing you can do is research an MLM before joining.
I know this sounds self explanatory but more often than not, people jump in head first and hope for best.
If they saw and analyzed an Income Disclosure Statement, they would run away from all MLMs.
This does not mean that all MLMs are scams but all evidence points to better ways of making money online.
If you are considering an MLM, here are a few things you better get used to.
1. Recruiting is the way to make substantial income
2. Good chances the MLM you join will go out of business within first few years
3. Spending a good chunk money to get started, including hidden fees
This is just the first few concepts that came to mind.
This does not mean that you can’t succeed with MLMs but he vast majority of people that join fail because they have no idea what they are getting themselves into.
The only suggestion I can make to you is to take this information and put it to good use.
I will never recommend an MLM but I will show you that it is possible to make money with them.
The problem with that is the fact that you have to wait a while to build a downline before you start earning anything substantial.
This is why I break down these MLMs entirely, starting out with an overview or background check.
Then I list the products to give people an idea of what you will be selling.
The compensation plan section will simply have the ways you can make money.
If there is a Better Business Bureau page on the company, I will provide it and also provide a few testimonies.
These testimonies are really important for painting a complete picture.
Since I am a 3rd party reviewer, I have ZERO affiliation with the companies.
This allows the facts to stand out and try to show readers what the companies will not.
You can also check out the step-by-step training that helps me earn over $10,000+ per month working from home.
LifeWave Overview – What is the Company?
There is nothing more important than great leadership when it comes to a business.
MLMs are no different so let’s take a look at LifeWave.
The company was founded back in 2004 and is headquartered in California, US.
The founder and CEO is a man named David Schmidt who has 25 years of experience under his belt.
Before we go any further, it is important to tell you that having 25 years of experience in the MLM field is not necessarily a guarantee or a good thing.
LifeWave is a Health & Wellness niche MLM and is an international success being offered in over 100 countries.
This all sounds great but there has been some bumps in the road for this company.
Here are a few links you should get familiar with so you get the full spectrum of what you are dealing with.
Here is a quote and a brief look into one of the articles: “Plaintiffs move for a preliminary injunction against Defendant, LifeWave, Inc., alleging that LifeWave is disseminating false statements that injure Plaintiffs.”
I highly recommend everyone that is considering this company to read both of these articles for the full story.
I don’t think you will regret it.
Besides leadership, products are the most important part of a company.
If you can’t market what a company offers, there is no way you can convince people to join your cause.
Let’s take a look at the product line that LiveWave offers.
WinFit Body Shaping System -$299.95
Resistance Bands(Small) – $21.95
Resistance Bands(Large) – $44.95
WinFit Monthly maintenance Kit – $149.95
Alavida Regenerating Trio – $199.95
Maveric – $79.95
Theta One – $99.95
Brain Boost System – $189.95
Corsentials – $129.95
Theta Activate – $69.95
Theta Mind – $89.95
PATCHES – All $69.95
The patches are a bit of a concern considering the original makes of the Detox Foot Pad were sued by the FTC.
Kinoki was proven to be a scam and I see no difference in these pads.
They all rely on pseudoscience and the placebo effect to create hype.
Look at one person says about the products.
I’m not so sure this is what I want to have happen for using a product.
Leaving welts on your skin and ripping your skin sounds like it is more hazardous than beneficial.
Also, how are you going to sell products that cause harm to users.
The only way to do it is to compromise your moral standards which means it is not worth it.
Ok, let’s get started. You need to get familiar with this compensation plan if you are even considering the move to LifeWave.
I will simply outline all of the potential ways of making money and then try and figure out if they are worth it in the long run.
Remember, MLMs claim to make it easy on new recruits, let’s see if they put their money where their mouths are.
WAYS TO GET PAID
1. Retail Profits
2. Initial Product Bonuses
3. Binary Commissions
4. Commission Matching Bonuses
5. Wave Bonus
This may not seem like a lot of ways to make money but there are a lot of sub categories so the potential earnings can be high if you know how to recruit people on a daily basis or you already have a downline from other MLM ventures.
What it boils down to is the fact that you need to be an experienced MLMer in order to succeed.
This is the same ole song and dance.
I would show you the statistics that show roughly 90% of all members of LifeWave never make a dime, but they refuse to release an Income Disclosure Statement.
Think of it this way, legally, a company has to earn money from people outside of the company in order for it to be legitimate.
All MLMs take money from their own members so that they can keep an “active” status which means that most or in some cases all revenue is generated from within.
That business model is what is known as a pyramid scheme and is illegal.
Better Business Bureau (BBB)
There is very little information on this company from the BBB database.
As you can see from the image above, there is no grade for the company yet (at the time I wrote this review) and also no complaints or reviews.
I would imagine that this is a new page and more info will come down the pipe soon.
I was hoping to be able to show you how versatile this website is but you should always check a company out using the BBB website because it could save you from a horrible mistake that could cost you some serious cash.
It is usually my “go to” site but in this particular case, there is nothing of substance.
Let’s move on to the list of red flags that we need to evaluate further.
Things I Don’t Like About
I’ve already spoken about a few things that should worry you but there are still a few things that I haven’t really mentioned that will directly affect the way you make money.
The first aspect of the company is the fact that everything is so damn expensive.
Right now, the vast majority of people around the world cannot afford anything other than bills and gas.
Eating out at a restaurant would literally break them unless they used a credit card.
Why do you think those people would want to spend an extra $200 a month on these products.
I just don’t get why most MLMs target low income and low information people…oh wait, yes I do.
I’m sorry but I can’t get on board with a company that focuses on pushing products that no one NEEDS down the throats of people that can be manipulated with ease.
Take a look at all the affiliates that stand up for this nonsense.
This is pretty crazy.
This person is defending the product by pointing out athletes, celebs and doctors use them.
The person never mentioned the fact that these people are paid to make commercials or ad videos saying they use them for a paycheck.
First of all, athletes don’t use this crap.
They have some of the best doctors in the world that use real products.
If people believe that famous people and athletes are using this stuff everyday then I have some beach front property in the Sahara to sell you.
The Final Verdict
It is probably clear that the company is not legally a scam because there are government committees that are willing to keep MLM laws minimal and lax.
On the other side of the coin, this is just another pyramid scheme.
The definition of a legitimate business is that it generates revenue outside of affiliates and employees.
ALL MLMs generate the vast majority of revenue from affiliates via personal purchases that are mandatory for staying active in the compensation plan.
This is the definition of a pyramid scheme.
So you have a decision to make.
You can make money here but you better be one of the best recruiters in the world because if you are not, you will lose money.
There is something that you can do to strengthen your skill set and avoid MLMs all together.
There are thousands of training programs that show you how to start your own online business.
If you want to see an example of this, check out this review.
It is FREE so there is no risk involved and you can learn a lot in a short period of time.
I hope this review helped you on your journey to find an online business opportunity for you.
If you have experience with this company, would like to ask a question or leave a comment go ahead and fill out the form below.