History of Herbalife

The company was founded by the late Mark Hughes, who developed a successful business plan to sell health and nutrition products through the MLM business model. Mr. Hughes’s attorney, Conrad Klein, assumed control of the business, following Hughes’ death in 2000. Hughes’ legacy, however, continues to drive the business worldwide.

Founded in 1980, Herbalife is a network marketing company that deals in nutrition and weight management products. The company headquarters are located in Los Angeles, California, USA. It has a huge network of 1.9 million independent distributors in 72 countries worldwide. The company drives a majority of its business from the US, Australia, China and the European nations.

In the financial year 2009, net sales of the company exceeded $2.3 billion. Based on these figures, Herbalife is one of the largest network marketing companies in the world. Occasionally, the company has faced lawsuits challenging the safety of its products, including the $2.5 million lawsuit in 2009. However, all the lawsuits have been upheld through 2009.

Product Review

Herbalife’s product line offers the following solutions:

* Weight management * Digestive Health * Personal care * Energy and fitness * Immunity solutions * Heart health

The Formula 1 protein shake, a soy-based beverage, is the flagship product of the company. The companies products are not approved by the FDA. However, private lab reports provided by the company claim that they do not violate Proposition 65 limits.

Compensation Plan

The compensation plan offers huge commission to independent distributors. For every direct sale, the distributor can earn up to 50% of the sale. For product sales through immediate leads, the distributor earns up to 30%. This 3-level active down-line compensation program delivers best results on direct sales. One can also earn bonuses and royalties for registering leads under the network.

Final Thoughts

Herbalife boasts a proven network marketing model that has provided financial freedom to thousands of individuals worldwide. With an impressive range of nutritional products and a generous compensation plan, and the right marketing system, an individual can climb the ladder of success with marketing Herbalife.

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