LifeWave, based in La Jolla (California) was founded in November 2004 by David Schmidt. Besides the USA, the company is also operating in over 90 countries in Europe and Asia. The flagship product of the weight loss company is the SP6 Appetite Control Patch which claims to be able to control a persons appetite because of the placement of it on certain acupressure points on the body. Usage of this patch should result in a reduction of craving.
LifeWave also markets some other patches. All the patches are to be used externally and had to undergo detailed clinical research. Because of the popularity of the patches, there are a lot of professional athletes who are using them. Heres a short list of the patches, including their potential health benefits.
1. SP6 Complete Appetite Control: weight management and appetite control.
2. Energy Enhancer: minimizes muscle fatigue, drowsiness and exhaustion.
3. IceWave: fast temporary relief for joint pain, body aches and headaches due to stress.
4. Silent Nights: minimizes sleeplessness and insomnia.
5. Y-Age: promotes restful sleep, overall wellness and lean body mass.
Now that we have had a look at the products, we can explore the business opportunities offered by LifeWave. First of all I would recommend every future LifeWave business associate to study the patches before joining the company. Of course… without knowledge of the product you wont get really far while promoting them.
As a distributor you can make you own choice on how to join LifeWave. There are several starter kits, ranging from a $25 Bronze Level sign up fee to a $1,500 sign up fee (the Diamond Plus Package).
The LifeWave binary compensation plan provides 4 different income streams:
1. Retail Profits: buy the products at whole sale and sell them at retail prices.
2. Initial Product Bonuses (Fast Star Bonuses): for each new member you enrol at the Diamond Level, you will receive $500. When enrolling someone at the Gold Level, you will make $100. A Silver Level enrolee makes you earn $50 and Bronze level enrolments award you with $15. When your team members buy an upgrade kit, these bonuses will increase.
3. Binary Commissions: the payout of your commission is based on the volume on the lowest of the two legs.
4. Matching Binary Commissions (on 3 levels): bonus earned by the people you personally enrol (25%), by the people they personally enrol (20%) and the people they personally enrol (20%).
Conclusion:
LifeWave has been around for several years and managed to brand their products in an effective way. I dont really think that their nanotechnology patches actually stand out, but common sense makes me believe that this is a pretty good opportunity. What holds me back about this business is the compensation plan. Im not a fan of binary plans and dont think that some company will ever convert me. Even though LifeWave is offering a reasonable compensation plan, I dont really see a big opportunity on the business side and thats the most important aspect of a networking marketing business. If you are interested in the patches and already had good experiences with binary compensation plans, then I would advise you to do more research on LifeWave.
Jens Holvoet is a Internet and Network Marketing Consultant. For more information or contact details, please visithttp://jensholvoet.com/lifewave-the-review/
