LifeVantage Announces Update to Evolve Compensation Plan with New Sharing Bonus
LifeVantage (Nasdaq: LFVN) has announced enhancements to its Evolve Compensation Plan, set to launch on November 1, 2024, in the U.S., Japan, Australia, New Zealand, Canada, Mexico, and European markets. The updated plan aims to simplify and increase earning potential for independent LifeVantage Consultants.
Key features include:
- A new Sharing Bonus offering 10% commission for sharing LifeVantage products
- Double Sharing Bonus (up to 20%) for new Consultants in their first four months
- A bonus for reaching the Senior Consultant 1 rank
These changes are designed to provide greater simplicity and early income success for Consultants. The company also teased an upcoming launch of an innovative weight management system that naturally activates GLP-1.
LifeVantage (Nasdaq: LFVN) ha annunciato miglioramenti al suo Piano di Compensazione Evolve, che sarà lanciato il 1 novembre 2024 negli Stati Uniti, in Giappone, Australia, Nuova Zelanda, Canada, Messico e nei mercati europei. Il piano aggiornato mira a semplificare e aumentare il potenziale di guadagno per i Consulenti LifeVantage indipendenti.
Le caratteristiche principali includono:
- Un nuovo Bonus di Condivisione che offre una commissione del 10% per la condivisione dei prodotti LifeVantage
- Bonus di Condivisione Doppio (fino al 20%) per i nuovi Consulenti nei loro primi quattro mesi
- Un bonus per il raggiungimento del rango di Consulente Senior 1
Questi cambiamenti sono progettati per fornire maggiore semplicità e successo nei guadagni iniziali per i Consulenti. L'azienda ha anche annunciato un imminente lancio di un innovativo sistema di gestione del peso che attiva naturalmente il GLP-1.
LifeVantage (Nasdaq: LFVN) ha anunciado mejoras en su Plan de Compensación Evolve, que se lanzará el 1 de noviembre de 2024 en EE. UU., Japón, Australia, Nueva Zelanda, Canadá, México y mercados europeos. El plan actualizado tiene como objetivo simplificar y aumentar el potencial de ganancias para los Consultores Independientes de LifeVantage.
Las características clave incluyen:
- Un nuevo Bonus de Compartición que ofrece una comisión del 10% por compartir productos de LifeVantage
- Bonus de Compartición Doble (hasta el 20%) para nuevos Consultores en sus primeros cuatro meses
- Un bonus por alcanzar el rango de Consultor Senior 1
Estos cambios están diseñados para proporcionar mayor sencillez y éxito en los ingresos iniciales para los Consultores. La empresa también ha insinuado un próximo lanzamiento de un innovador sistema de gestión de peso que activa naturalmente el GLP-1.
LifeVantage (Nasdaq: LFVN)는 2024년 11월 1일 미국, 일본, 호주, 뉴질랜드, 캐나다, 멕시코 및 유럽 시장에서 출시될 Evolve 보상 계획의 향상을 발표했습니다. 업데이트된 계획은 독립적인 LifeVantage 컨설턴트를 위한 수익 잠재력을 단순화하고 높이는 것을 목표로 합니다.
주요 특징은 다음과 같습니다:
- LifeVantage 제품을 공유할 때 10% 커미션을 제공하는 새로운 공유 보너스
- 신규 컨설턴트의 첫 4개월 동안 최대 20%의 두 배 공유 보너스
- 시니어 컨설턴트 1 등급에 도달할 때의 보너스
이러한 변화는 컨설턴트를 위한 더 큰 단순성과 초기 수익 성공을 제공하기 위해 설계되었습니다. 회사는 GLP-1을 자연스럽게 활성화하는 혁신적인 체중 관리 시스템의 출시에 대해서도 예고했습니다.
LifeVantage (Nasdaq: LFVN) a annoncé des améliorations de son Plan de Compensation Evolve, qui sera lancé le 1er novembre 2024 aux États-Unis, au Japon, en Australie, en Nouvelle-Zélande, au Canada, au Mexique et sur les marchés européens. Le plan mis à jour vise à simplifier et à augmenter le potentiel de gains pour les Consultants LifeVantage indépendants.
Les caractéristiques clés incluent :
- Un nouveau Bonus de Partage offrant 10 % de commission pour le partage des produits LifeVantage
- Bonus de Partage Double (jusqu'à 20 %) pour les nouveaux Consultants au cours de leurs quatre premiers mois
- Un bonus pour atteindre le rang de Consultant Senior 1
Ces changements sont conçus pour offrir plus de simplicité et un succès précoce en matière de revenus pour les Consultants. L'entreprise a également teasing un lancement imminent d'un système innovant de gestion du poids qui active naturellement le GLP-1.
LifeVantage (Nasdaq: LFVN) hat Verbesserungen seines Evolve-Vergütungsplans angekündigt, der am 1. November 2024 in den USA, Japan, Australien, Neuseeland, Kanada, Mexiko und den europäischen Märkten eingeführt wird. Der aktualisierte Plan zielt darauf ab, das Potenzial für Einkünfte der unabhängigen LifeVantage-Berater zu vereinfachen und zu erhöhen.
Wichtige Merkmale sind:
- Ein neuer Sharing-Bonus, der 10 % Provision für die Verbreitung von LifeVantage-Produkten bietet
- Doppelter Sharing-Bonus (bis zu 20 %) für neue Berater in den ersten vier Monaten
- Ein Bonus für das Erreichen des Rangs Senior Consultant 1
Diese Änderungen sind darauf ausgelegt, den Beratern mehr Einfachheit und frühen finanziellen Erfolg zu bieten. Das Unternehmen hat außerdem eine bevorstehende Einführung eines innovativen Gewichtsmanagementsystems angekündigt, das GLP-1 auf natürliche Weise aktiviert.
- Introduction of a new Sharing Bonus offering 10% commission for product sharing
- Double Sharing Bonus (up to 20%) for new Consultants in their first four months
- Bonus for reaching Senior Consultant 1 rank
- Upcoming launch of an innovative weight management system
- None.
Enhancements simplify the path to success for independent Consultants
SALT LAKE CITY, Oct. 01, 2024 (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 an enhancement to its Evolve Compensation Plan, offering greater simplicity and earning potential for independent LifeVantage Consultants. Plan enhancements are set to go live November 1, 2024, in the U.S., Japan, Australia, New Zealand, Canada, Mexico, and European markets.
“When we modernized our compensation plan and launched Evolve in March 2023, it came with the commitment to continuously simplify and enhance the way Consultants earn money at LifeVantage,” said Steve Fife, President and CEO. “The latest enhancements deliver on that promise while further cementing LifeVantage as a leader in Consultant compensation. Sharing LifeVantage and our unique approach to health and wellness is simple, exciting, and now, even more rewarding, especially as you are just getting started.”
At the core of the enhancements is a new bonus that pays Consultants a
Also reimagined were accelerators put in place for new Consultants to see early income success. Consultants in the first four months of their business are eligible to receive double the Sharing Bonus, or up to
“There has never been a better time to be a LifeVantage Consultant,” said Fife. “Our upcoming launch of an innovative weight management system that naturally activates GLP-1 combined with the enhancements to our Evolve Compensation Plan create compelling growth opportunities for entrepreneurs.”
For more information about LifeVantage, its innovative, activating products, and how the Evolve Compensation Plan can help you grow your business and reach your goals, visit the LifeVantage website: https://www.lifevantage.com/us-en.
About LifeVantage Corporation
LifeVantage Corporation (Nasdaq: LFVN), the activation company, is a pioneer in nutrigenomics, the study of how nutrition and naturally occurring compounds affect human genes to support good health. The Company engages in the identification, research, development, formulation and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and probiotics, weight management, and skin and hair care products. The Company’s line of scientifically-validated dietary supplements includes its flagship Protandim® family of products, LifeVantage® Omega+, ProBio, IC Bright®, Daily Wellness, Rise AM, Reset PM, and D3+ dietary supplements, the TrueScience® line of skin and hair care products and Liquid Collagen. The Company also markets and sells Petandim®, its companion pet supplement formulated to combat oxidative stress in dogs and Axio®, its nootropic energy drink mixes. LifeVantage was founded in 2003 and is headquartered in Lehi, Utah. For more information, visit www.lifevantage.com.*
Public Relations Contact:
Jennifer Rumble, CerconeBrownCompany
(704) 923-6378
jrumble@cerconebrown.com
Investor Relations Contact:
Reed Anderson, ICR
(646) 277-1260
reed.anderson@icrinc.com
* US market specific. Please refer to plan documentation for information for each LifeVantage market.
FAQ
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