This is a very important topic. So important that an entire section of the LifeVantage Policies and Procedures is dedicated to it. Section 8.3.3 states:
It is important that all Independent Distributors are fully informed and have realistic expectations concerning the income opportunity associated with being a LifeVantage Distributor. Therefore, it is important that Independent Distributors not make any claims, specific or implied, regarding the income opportunity that are false or misleading, including income guarantees of any kind. As to lifestyle claims (e.g., my LifeVantage business allowed me to buy a boat, quit my job, purchase a new home, etc.), Independent Distributors may only make such claims if the following conditions are met:
1) The information must be accurate and not misleading;
2) The information must be based on their experience and actual compensation level, or be consistent with information in Company Support Materials.
Hypothetical income examples that are used to explain the operation of the Compensation Plan and which are based solely on mathematical projections, may be made to prospective Independent Distributors, so long as the Independent Distributor who uses such hypothetical examples makes clear to the prospective IndependentDistributor(s) that such earnings are hypothetical.
When any compensation claim is made, Earnings, Lifestyle, Hypothetical, or otherwise, the Independent Distributor must simultaneously disclose in immediate proximity the most recent Average Income Statement prepared by the Company.
As to the Average Income Statement, the most recent version of “Earnings Claim Statement,” posted on August 1, 2017, can be found by at the following link:http://www.lifevantage.com/wp-content/uploads/2017/09/LV-Earnings-Income-Statement-V.04.pdf . Remember, to be safe, whenever you talk about the money that you make as a LifeVantage Independent Distributor, you must “simultaneously” show them this Earning Claims Statement!
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