Review Date: 1-18-01*
In Business Since: 1980
Financial Strength: Strong. Publicly traded on the Nasdaq. Revenue for 1999 was $1.8 Billion.
Management: Excellent management team.
Management Rating: 5 Stars
Online Training & Support: Herbalife has great online support, but what I
would like to see is the ability of ALL their distributors to order products online.
Currently, only qualified Supervisors in the U.S. can order products online.
Field Training & Support: Herbalife has one of the best field training and
support in the industry. This is usually available through company and leadership
sponsored events regionally, nationally, and internationally.
Motivational Support: Excellent
Overall Training & Support Rating: 4 Stars
Products/Services: Weight management, nutrition, personal care.
Product Quality/Effectiveness Rating: 5 Stars
Product Market Rating: 5 Stars
Business Opportunity Market Rating: 4 Stars
Compensation Plan: Stairstep breakaway
Compensation Plan Rating: 4 Stars
Overall Rating: 4.5 Stars
Advantages: Solid company. Operating in over 50 countries.
True international opportunity.
Disadvantages: Herbalife is a 20 year old billion dollar company.
Concequently, a large number of people have been exposed to the opportunity,
you may run into lots of people, particularly in
the U.S., who are no longer open to the Herbalife opportunity, unless they
can be convinced that Herbalife is not what it used to be. Herbalife's
compensation plan is also one of a relatively few comp plans, called
breakaways, that are utilized mainly by older companies, such as Amway,
Nuskin, NSA, Shaklee, and others. Most startups of recent years have
stayed away from breakaway plans and have opted to use unilevels and
binaries.
Comments: If you're looking for a weight management and/or nutritional
company that is truly international and one that has longevity, then Herbalife
may be the company for you. However, if you're looking for a company that
is new and exciting, especially if you're in the U.S., then you might want
to keep looking.
|