LifeVantage Announces Launch of LV360 and Evolve Compensation Plan in Philippines, Taiwan, Hong Kong, and Singapore Markets
LifeVantage (LFVN) has announced the expansion of its LV360 initiative and Evolve Compensation Plan into the Philippines, Taiwan, Hong Kong, and Singapore markets, effective March 1, 2025. This marks Phase 3 of the global rollout, following successful launches in Canada, Mexico, and Europe in February 2024, and in the US, Australia, New Zealand, and Japan in March 2023.
The Evolve Compensation Plan is structured to provide multiple income streams for Consultants through business building and product sales initiatives. The plan features early income bonuses, performance rewards, and mentorship incentives, designed to support both product-focused entrepreneurs and team builders.
CEO Steve Fife emphasized that the LV360 transformation, initiated two years ago, has been important in adapting to current direct sales industry trends and empowering Consultants with essential tools for business growth.
LifeVantage (LFVN) ha annunciato l'espansione della sua iniziativa LV360 e del piano di compensazione Evolve nei mercati delle Filippine, Taiwan, Hong Kong e Singapore, a partire dal 1 marzo 2025. Questo segna la Fase 3 del lancio globale, dopo i successi ottenuti in Canada, Messico e Europa a febbraio 2024, e negli Stati Uniti, Australia, Nuova Zelanda e Giappone a marzo 2023.
Il piano di compensazione Evolve è strutturato per fornire molteplici flussi di reddito per i Consulenti attraverso iniziative di costruzione del business e vendite di prodotti. Il piano prevede bonus di reddito anticipato, premi per le performance e incentivi per il mentorship, progettati per supportare sia gli imprenditori focalizzati sui prodotti che i costruttori di team.
Il CEO Steve Fife ha sottolineato che la trasformazione LV360, avviata due anni fa, è stata fondamentale per adattarsi alle attuali tendenze del settore delle vendite dirette e per fornire ai Consulenti gli strumenti essenziali per la crescita del business.
LifeVantage (LFVN) ha anunciado la expansión de su iniciativa LV360 y del Plan de Compensación Evolve en los mercados de Filipinas, Taiwán, Hong Kong y Singapur, a partir del 1 de marzo de 2025. Esto marca la Fase 3 del lanzamiento global, tras los exitosos lanzamientos en Canadá, México y Europa en febrero de 2024, y en EE. UU., Australia, Nueva Zelanda y Japón en marzo de 2023.
El Plan de Compensación Evolve está estructurado para proporcionar múltiples flujos de ingresos para los Consultores a través de iniciativas de construcción de negocio y ventas de productos. El plan incluye bonificaciones de ingresos anticipados, recompensas por rendimiento e incentivos de mentoría, diseñados para apoyar tanto a los emprendedores enfocados en productos como a los constructores de equipos.
El CEO Steve Fife enfatizó que la transformación LV360, iniciada hace dos años, ha sido importante para adaptarse a las tendencias actuales de la industria de ventas directas y empoderar a los Consultores con herramientas esenciales para el crecimiento del negocio.
LifeVantage (LFVN)는 LV360 이니셔티브와 Evolve 보상 계획을 필리핀, 대만, 홍콩, 싱가포르 시장으로 확장한다고 발표했습니다. 이는 2025년 3월 1일부터 시행됩니다. 이는 2024년 2월 캐나다, 멕시코, 유럽에서의 성공적인 출시 이후 글로벌 롤아웃의 3단계를 의미하며, 2023년 3월 미국, 호주, 뉴질랜드 및 일본에서도 출시되었습니다.
Evolve 보상 계획은 비즈니스 구축 및 제품 판매 이니셔티브를 통해 컨설턴트에게 여러 수익원을 제공하도록 설계되었습니다. 이 계획은 조기 수익 보너스, 성과 보상 및 멘토십 인센티브를 특징으로 하며, 제품 중심의 기업가와 팀 빌더 모두를 지원하도록 설계되었습니다.
CEO 스티브 파이프는 2년 전 시작된 LV360 변혁이 현재의 직접 판매 산업 트렌드에 적응하고 컨설턴트에게 비즈니스 성장에 필요한 도구를 제공하는 데 중요하다고 강조했습니다.
LifeVantage (LFVN) a annoncé l'expansion de son initiative LV360 et du Plan de Compensation Evolve sur les marchés des Philippines, de Taïwan, de Hong Kong et de Singapour, à compter du 1er mars 2025. Cela marque la Phase 3 du déploiement mondial, après des lancements réussis au Canada, au Mexique et en Europe en février 2024, ainsi qu'aux États-Unis, en Australie, en Nouvelle-Zélande et au Japon en mars 2023.
Le Plan de Compensation Evolve est structuré pour fournir plusieurs sources de revenus aux Consultants grâce à des initiatives de création d'entreprise et de vente de produits. Le plan comprend des bonus de revenus anticipés, des récompenses de performance et des incitations au mentorat, conçues pour soutenir à la fois les entrepreneurs axés sur les produits et les bâtisseurs d'équipes.
Le PDG Steve Fife a souligné que la transformation LV360, lancée il y a deux ans, a été essentielle pour s'adapter aux tendances actuelles de l'industrie de la vente directe et pour donner aux Consultants les outils essentiels à la croissance de leur entreprise.
LifeVantage (LFVN) hat die Expansion seiner LV360-Initiative und des Evolve-Vergütungsplans in die Märkte der Philippinen, Taiwan, Hongkong und Singapur bekannt gegeben, die am 1. März 2025 in Kraft tritt. Dies markiert Phase 3 des globalen Rollouts, nach erfolgreichen Starts in Kanada, Mexiko und Europa im Februar 2024 sowie in den USA, Australien, Neuseeland und Japan im März 2023.
Der Evolve-Vergütungsplan ist so strukturiert, dass er den Beratern mehrere Einkommensströme durch Geschäftsentwicklung und Produktvertriebsinitiativen bietet. Der Plan umfasst Frühbonuszahlungen, Leistungsprämien und Mentoring-Anreize, die darauf ausgelegt sind, sowohl produktorientierte Unternehmer als auch Teamleiter zu unterstützen.
CEO Steve Fife betonte, dass die LV360-Transformation, die vor zwei Jahren eingeleitet wurde, wichtig war, um sich an die aktuellen Trends der Direktvertriebsbranche anzupassen und den Beratern die wesentlichen Werkzeuge für das Unternehmenswachstum zur Verfügung zu stellen.
- Global expansion of compensation plan to 4 new Asian markets
- Successful implementation across 11 markets over 2 years
- Multiple revenue streams for consultants
- None.
Phase 3 of the Evolve Compensation Plan launches on March 1, 2025, furthering opportunities for success
SALT LAKE CITY, March 03, 2025 (GLOBE NEWSWIRE) -- LifeVantage Corporation® (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today announced the successful launch of the Evolve Compensation Plan and other LV360 initiatives into the Philippines, Taiwan, Hong Kong, and Singapore.
The transition went into effect in these markets on March 1, 2025, after the successful launch of LV360 into Canada, Mexico, and Europe last February, and the launch in the US, Australia, New Zealand and Japan in March 2023.
“When we launched the LV360 and the Evolve Compensation Plan two years ago, we did so with a clear vision of where the direct sales industry was headed,” said Steve Fife, President and CEO of LifeVantage. “That transformation has proven invaluable for our independent Consultants, equipping them for the world we live in today. As we enter this next phase, we’re proud to bring this transformation to more international markets and empower Consultants with the tools to help their businesses thrive.”
The Evolve Compensation Plan is designed to reward Consultants generously, providing opportunities for multiple income streams tied to business building and product sales initiatives with a clear path to success. It supports both entrepreneurs focused on sharing and selling products within their networks and those looking to build strong, collaborative teams. With early income bonuses that encourage smart business strategies from day one along with performance and mentorship rewards that recognize leadership and achievement, Consultants are empowered to grow at every stage.
In today’s competitive direct selling landscape, staying ahead requires innovation. With LV360, LifeVantage is not only adapting to evolving consumer and gig economy trends but also creating new opportunities to attract and engage a growing customer base. Its forward-thinking approach ensures Consultants have the tools and incentives to thrive in an ever-changing market.
“For those seeking flexible income and opportunities, LifeVantage is the perfect place to start,” said Fife. “We’re committed to staying ahead with cutting-edge products and an unmatched experience for both our Consultants and Customers.”
About LifeVantage Corporation
LifeVantage Corporation (Nasdaq: LFVN), the Activation company, is a pioneer in nutrigenomics—the study of how nutrition and naturally occurring compounds can unlock your genes and the health coded within. Our products work with your unique biology and help your body make what it needs for health. The line of scientifically validated activators includes the flagship Protandim® family of products, TrueScience® Liquid Collagen, the newest MindBody GLP-1 System™, Activation-supporting nutrients such as Omega, D3+, and the Rise AM & Reset PM System®, as well as AXIO® nootropic energy drink mixes, the full TrueScience® line of skin and hair care products, and Petandim®, a pet supplement formulated to combat oxidative stress in dogs. Our independent Consultants sell our products to Customers and share the business opportunity with entrepreneurs seeking to begin their own business. LifeVantage was founded in 2003 and is headquartered in Lehi, Utah. For more information, visit www.lifevantage.com.*
Public Relations Contact:
Kristin Price, CerconeBrownCompany
(609) 672-7332
lifevantage@cerconebrown.com
Investor Relations Contact:
Reed Anderson, ICR
(646) 277-1260
reed.anderson@icrinc.com
FAQ
When will LifeVantage (LFVN) launch LV360 in Philippines, Taiwan, Hong Kong, and Singapore?
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