LYF Pre Launch Business Opportunity Review - "Is This Just Another MLM?"

Billionaire Michael Han has just recently invested 300 million dollars into the multilevel marketing business opportunity industry with LYF. LYF is based in a large array of individual products from technologies to home care products. So is this just another MLM opportunity? And, will it last?LYF is at the moment in pre-launch and comes with the support of billionaire Michael Han. Mr. Han has been in the network marketing industry for over twenty years and brings with him a line of innovative products. Many of the products have yet to be included on the website itself at this time due to the fact that this is a very new offering to the public. Some of the products can be found there and most are based around the health and wellness aspect of our lives from a nutritional supplement chew tablet. On the home product front basic supplies such as laundry detergent, antiseptic wipes and cleaning solutions to name a few that will be the largest offering to the consumer. On the technology side of the coin with LYF will be offering what is called LYFNET which is a combination of simple phone service, toll free service using broadband, wireless services and an Internet service.The business opportunity is based in network and multilevel marketing plan. Upon the cost of enrollment, the new member will receive a replicated website as well as the products purchased to get started. A Replicated site by no means guarantees traffic to the site itself and this is something that the member will have to learn over time. Network marketing involves marketing to friends and family, then slowly creating a list with those new member's friends and family who might be interested in their own opportunity with LYF.The company does seem to have some quality products, but the compensation plan is typical of many MLM opportunities in this industry. The plan comes with of course a commission on the actual retail sales of personal volume (PV) example; 100pv sold = 25% commission. The other 6 levels of compensation are based upon a total of team (pv) sales with a smaller 5%-3% base commission payout. These bonuses are based upon a monthly and quarterly required amount of sales that will need to be retained at the end of each time period to qualify for the individual bonus level.LYF does have quality products, but it is always wise to complete all due diligence before entering any opportunity online or offline. The health and wellness, household product and technology multilevel marketing industry is highly saturated. Learning how to brand "yourself" as a leader quickly in this business opportunity will be a must.