New Consultant Compensation Plan and Customer Loyalty Program Lead Out on Innovations Across the Entire Consultant and Customer Experience.
LifeVantage Corporation (Nasdaq:LFVN), a leading health and wellness company with products designed to activate optimal health processes, announced major transformation initiatives today including Evolve, an innovative approach to Consultant compensation.
“We call this strategic transformation ‘LV360’ because we looked at not just one aspect of our Consultant and Customer experience, but every touchpoint in our model.
We have been laying the groundwork for this shift over the past year with updates to things like our incentive program as well as product differentiation and positioning,”
said Steve Fife, President and Chief Executive Officer of LifeVantage.
“Each element of this groundbreaking transformation was designed in response to evolving consumer trends, while also supporting growth opportunities and multiple paths to earned success for our Consultants, previously known as our Distributors. It’s truly an undertaking that is the first of its kind in this industry.”
LV360 initiatives were announced to Consultants during the Rock the Rhythm event on January 18, 2023. The event was simultaneously broadcast in the U.S., Australia, New Zealand, and Japan markets, to an audience of over 10,000.
In addition to Evolve, LV360 initiatives include a new