Nu Skin Enterprises is a multi level marketing company that has peddled skin care products since 1984.
They sell products under the brand name of Pharmanex.
Despite several investigations by the Federal Trade Commissions during the 1990s for false advertisement and lying about income generated by its distributors, they were still listed as one of “100 Most Trusted U.S. Companies” by Forbes in 2010.
Sign-Up Cost:$89.00
Global Revenue: 2.25 billion
The Good: Nu Skin has been in operation for over 30 years and as of 2014 they had 5,000 employees. They also claim that they pay roughly 43% of their sales profits back into commissions for their distributors.
The Bad: Around 25 years ago, Nu Skin had charges filed against them by six different states. Allegations of misleading advertising, falsifying distributor income reports and running a pyramid scheme were just some of the charges.
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Products
All of their skin care products are under the Nu Skin Brand, these include:
- Moisturizers
- Essential Oils
- Anti-Aging Creams
- Facial Spas
All of their nutritional supplement products are branded under the name Pharmanex. They have the usual assortment of vitamins, weight loss powders, energy boosters and capsules designed to help the heart, brain, digestive system etc.
In addition to these products, they carry what they call a BioPhotonic Scanner. This measures the carotenoid levels in your tissues. This in turn gives you an indication of what your antioxidant levels are.
They also have a brand called AgeLOC Youth. This has a wide variety of pills and creams designed to reverse the signs of aging, and help you continue to live life in a youthful stage.
Opportunity
Nu Skin Enterprises offers its distributors the chance to make money selling the before mentioned products from the comforts of home at your own schedule.
Once you enroll with Nu Skin, you simply share your story and their products with others and receive a direct commission on all sales that you generate.
By getting others to become distributors, you can rise to the role of an Executive Leader. The more people you have working under your chain, the more money you make.
You can learn how to teach others to become Executives and win opportunities to go on special trips all around the world.
You can up to 25% on all retail sales and 5% on everyones sales within your level. This is generated on a monthly basis.
It really boils down to what your goals are and what you are prepared to do to reach them. The more people you can get to sign up, the more your potential earnings are increased.
The Good
The compensation plan is pretty good at up to a 25% commission. The company has been around a long time and generated a lot of revenue through the years.
Because of their extended history, many people have at least heard of them, even if they aren’t completely familiar with their products.
Nutritional supplements are extremely popular in today’s markets, the same holds true for anything claiming to be beneficial in anti-aging properties.
Because of this fact, it seems like these types of products are fairly easy to market and make a little extra money while working from home.
Nu Skin seems to have a strong and supportive training program and continues to aid and assist their distributors through all the facets of marketing their assorted products
The Bad
Even though Forbes feels they can be trusted, the fact that there were so many allegations over shady business practices in the past is still something to take into consideration if thinking of joining this company.
They have paid millions of dollars out of court to make these allegations go away and just two years ago, the Chinese government accused them of the illegal pyramid charges. Of course, the CEO M. Truman Hunt denied all wrong doings. (1)
After being tested by ConsumerLab.com Pharmenex’s Anti-Aging Pack failed, because it didn’t clearly give the actual amount of vitamin A levels within it.
Their BioPhotonic Scanner was pretty much designed to keep people buying their supplements, which by the way are ridiculously overpriced in comparison to other nutritional supplement companies that are out there.
Recap
In my opinion, anyone who is thinking of joining a MLM company in the attempts to generate money from home, would be well advised to stay away from Nu Skin Enterprises.
Yes, they have been around for over 30 years. Yes they have generated a considerable amount of revenue in this time frame. Yes, they have over 5,000 employees globally.
However, the repeated accusations of illegal business practices throughout the years should raise a red flag for anyone contemplating joining this team.
Their products prices are inflated considerably. $180 for some supplements that haven’t even been proven effective? I don’t think so.
That BioPhotonic Scanner is a definite scam as well. It’s based on different light frequencies that are supposed to measure your anti-oxidant levels.
You submit the report back to them and they tell you what nutrients you should be taking. Guess what? They will definitely have something to sell you.
When researching other reviews on Nu Skin, I was hard pressed to find any favorable reviews. In fact, most of them were extremely negative and I can see why.
Though they claim that up to 43% of their profits go back to the distributors, there are too many other unsubstantiated claims on record for me to fully believe this.
There are hundreds, if not thousand of MLM companies to choose from these days, most of them are bogus. Take the time and do some research for yourself.
Think about what it is you are trying to achieve and who you feel comfortable about representing.
I think after doing some research on Nu Skin, trying to get through the confusing explanations of their commission packages, reading about all of the allegations, and seeing all of the other negative reviews about this company from customers and employees alike; you too will agree that there are much better options for a person wishing to start up their own, home-based business.
via http://mlmcompanies.org/nu-skin/
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