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Are LifeWave patches a total scam?
LifeWave is a network marketing company founded in 2004 that sells healing patches, and they�ve gotten a lot of attention for it.
While the concept of healing patches might sound like a scam at first, when a product starts making the rounds with Olympic athletes, it gains a new level of credibility.
So have I been involved?
This video explains:
All good? Let�s continue�
LifeWave is headquartered in San Diego, California, and was founded by David Schmidt. Schmidt has been a product developer and entrepreneur for close to three decades. He�s even got a degree in both Biology and Management Information Systems.
He brought LifeWave onto the scene back in 2004, and it made a pretty big splash almost immediately when it was discovered that the U.S. Olympic swim team was wearing their patches to improve their performance. 
That wouldn�t be the last time LifeWave and the Olympics were mentioned in the same sentence. They also made an appearance at the 2010 and 2012 Olympics.
Considering Schmidt�s track record in product and technology development, it�s not all that surprising that his patch technology took off. This guy has done research and development for the U.S. military, which is about as legit as it gets. He even built a metal-combustion rocket engine that won him an honorary doctorate.
LifeWave shot up fast, hitting $38.8 million in revenue by 2010 and making the Inc. 5,000 Fastest Growing Companies list by 2011 at #721. It was well-earned, considering their growth rate from 2007-2010 was a whopping 436%.  
However, they�re no longer on that list. And, in 2015, they defaulted on their taxes in Europe and had to settle a six-figure lawsuit. But hey, a Ferrari with a dent in it is still a Ferrari. 
How much does LifeWave cost?
It costs $25 to join LifeWave with a basic starter kit. However, if you want to unlock more ways to earn, you need to buy more expensive starter kits.
Bronze Starter Kit: $99.95
Silver Starter Kit: $299
Gold Starter Kit: $499
Platinum Starter Kit: $999
Diamond Starter Kit: $1,499
To remain qualified, you need to purchase at least 55 PV per month.
Schmidt developed the LifeWave technology after his time working with the military. He became interested in how technology could be used to provide simple health and wellness solutions, and what�s easier than sticking a patch on your arm?
LifeWave patches use nanotechnology to provide health benefits. They contain no chemicals, no drugs, and nothing is leaked into your body through the patches.
Sounds a lot like a placebo, but what they do contain is �organic crystals� that stimulate pressure points in your body. These crystals can provide a whole host of benefits, including:
Their popular energy-enhancing patches cost $89.95 for a month�s supply of 30 patches. Pretty steep.
In addition to their signature product, the company also markets skincare, fitness, and nutritional supplement products (see: USANA, Organo Gold, or Yoli).
You�d think with all the star athletes that supposedly use this patch, they could find a better spokesperson than Suzanne Somers. I mean, nothing personal against her, but the woman has repped just about every shady As Seen on TV product out there. I mean, they literally made a South Park episode spoofing her products with the �Suzanne Somers Calf Exerciser�.
Benefits of the patch include improved energy and performance, weight loss, detoxification, pain relief, and overall health improvement. Of course, none of these have been certified by the FDA.
The patches contain no drugs or chemicals and are considered completely safe.
LifeWave�s compensation plan works on a hybrid structure with binary residual commissions and a uni-level matching bonus.
Distributors make commission on personal sales by buying product at a discounted wholesale price and selling it at a marked up retail price. Exact profit margins are not specified.
Distributors get a one-time bonus every time they sign-on a new distributor. The exact bonus amount depends on the level at which the new distributor buys in, and ranges from $15 for Bronze to $200 for Diamond.
This is where you can really earn, but you�ve got to build up a massive team. It�s paid out on a weekly basis, which is pretty sweet. It�s on a binary structure, so you have to have solid performance on both legs of your team. You make $50 each time your organization hits 330 GV on your weak leg and 660 GV on your strong leg. Once you hit certain ranks, there are no caps on residual commission.
Uni-level Matching Bonus
Uni-level matching bonuses are capped at 3 levels deep and offered to affiliates who can move up in rank and build up a team with good sales numbers. You have to hit at least 110 PV in 5 weeks to qualify.
Level 1 � 25%, must be Silver with at least 2 affiliates in each leg ranked Bronze
Level 2 � 20%, must be ranked Gold with at least 2 affiliates in each leg ranked Silver
Level 3 � 20%, must be ranked Gold with at least 6 affiliates ranked Silver
The comp plan doesn�t offer much for personal sales, and if you don�t build up a team, you�re not going anywhere.
However, if you can bug the crap out of all your friends on social media enough to get yourself a very large team with very good sales numbers, you can start bringing in some good earnings.
So, do you personally know hundreds, if not thousands of people who want to buy a $90/month sticker that supposedly makes them healthier? If not, don�t expect to earn much of anything with LifeWave.
Look, not a LifeWave hater. But if you like passive income streams, there are much better opportunities out there to work from home.
In other words, you might like our training because it teaches the �good life� without peddling products to your family and friends.
Welcome to the LifeWave video channel! Stay tuned to this page for all the latest videos about LifeWave health technologies and our unique LifeWave Business Opportunity.
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