If you are searching or considering Herbalife you have probably come across various reviews that tell completely different stories and provide very conflicting view points as to whether Herbalife is a viable MLM and Home Based Business opportunity or a complete fraud that has been red flagged as a potential pyramid scam. http://www.viddler.com/explore/Elliegant007/videos/313/ Why are there so many different reviews about Herbalife anyway? To grasp this we should learn the growth of MLM industry in the past. It rose along with some other companies like Amway, NSA, Shaklee and so on. These MLM had compensation schemes that were obsolete and those companies that did not update their business models had to undergo tough situations. Herbalife was one such industry. As MLM..?s progressed and more people began to see the value in using this module to create their own home based businesses many new and smart entrepreneurs developed new companies with new compensation planes and have stayed away from breakaway plans and have opted to use uni-levels and binaries. These new compensation structures are more easily adaptable to the changing needs of both consumers and distributors, and that flexibility allows them to stand the test of time. Although Herbalife has tried to ramp up their compensation plan with various additions in ways one can reach different levels within the compensation plan they have stuck with the old school plan, which brings more money to corporate and higher level executives than the newly or in reality, not so newly designed compensation plans. But I do not blame this as the main reason why Herbalife went under. In my opinion, Herbalife neglected to explore one of the most important aspects of a flexible, enduring company when they did not expand their funding for research and development. NuSkin, for example, made a bold and brilliant move when they created their sister company Pharmanex, and both have pushed to stay modern and cutting edge by improving product value, and expanding their product lines. Herbalife took a different approach to continue expanding profits and started heavy campaigns in countries with very little MLM activity. This was good in one aspect and bad in another. Because of their compensation structure, an attempt at maximizing profits while limiting the investment into research and development destroyed Herbalife's reputation in some of the marketplaces they initially developed. However, their aggressive ad campaigns brought the MLM model to markets that before then had never seen this type of industry before, and provided opportunities for new markets to develop. Personally, I think that Herbalife tried to take the easy way out by making as much money as possible as quickly as possible, instead of investing in and developing a long-term marketplace. As MLM industry started to grow and newer companies began to rise Herbalife started facing competition even in countries where they still remained to be one of the few available options. This added to the decline of Herbalife's capability to capture these untapped markets and thus lowered their gain and number of customers. Finally, Herbalife is getting back on track. They are expanding their product lines, and right now they are overhauling their website, herbalife.com, to enhance customer experience. This could be just what the company needs to get going again and to prove that they are a reliable company with which to start your own home-based business. Can Herbalife do it, or is it too little, too late? Herbalife might just get back to their glory days again. Investing now could put you in an advantageous position if the company gets reinvigorated, as an established member of a company with good financial backing. However, I do not think that their product quality is quite up to par just yet even though they have significantly expanded their product line. In my opinion Herbalife has to spend more resources in development of new products and in improving the quality of the products. Has a slow realization of this goal destroyed their fame to a point of no coming back? It cannot be ascertained. If you speak Spanish and have a talent for Internet marketing, Herbalife can provide you with inroads to markets in more countries than most other MLM's can even dream of. I think that the best bet for Herbalife is to focus their efforts on Spanish-English bilingual markets. However, even if you are not bilingual there is still an opportunity for you to create and develop your own home-based MLM business. Being said, that is my stance on Herbalife. It is best for those who are bi-lingual and not the best choice for those who are not. They still have potential but I would not put them at the top of my list. Related: Herbalife.Com - Dawn Of A New Day? Herbalife.Com - Last Chance Or Life Saver? Will Herbalife.Com Teach An Old Dog New Tricks? Ellie Gant is the editor for Online MLM Secrets, where you can objective, expert advice about Herbalife. While you're there, be sure to claim your FREE instant access to Jonathan Budd's 8 Day Mastermind Herbalife Bootcamp, 100% free.
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