Nu Skin Enterprises Review

A Detailed Review Of The Nu Skin Company and Home Business Opportunity

This review of the Nu Skin company will enable you to make a quality decision about the Nu Skin business opportunity. You will learn about the company, products, compensation plan and training. At the end, you will find a summary of what it takes for you to build a successful home business.

Nu Skin Enterprises Company

Founded in 1984, Nu Skin has become one of the largest network marketing companies, with a sales volume exceeding $1 billion. The company is publicly traded on the NYSE (NUS) and is marketing personal care and nutritional products through a sales force of over 750,000 independent distributors, including preferred customers.

Nu Skin is operating in 48 countries, and saw its sales volume increase by 8% in the third quarter of 2009, with two-digit growth in Asia, Europe and Latin America.

Nu Skin Products

The company is marketing the Nu Skin anti-aging and skin care products, and plus Pharmanex line of nutritional supplements.

The Nu Skin products include skin and face care products plus the Galvanic Spa treatment. The Galvanic Spa instruments are using self-adjusting galvanic currents with specially formulated products to enhance the delivery of key components to the skin of face, scalp and body. Prices are $300 for the system, and range from $33 to $63 for products.

The Pharmanex product line includes general and targeted nutritional supplements and weight management products. Prices range from $890 for the top of the line Lifepac Nano product to $21 for the Life Essentials multivitamin and mineral supplement.

It is clear that these products are targeting consumers with high quality standards, strong health preferences and corresponding purchasing power. Expect to deal with highly educated customers.

Nu Skin Marketing and Compensation Plan

Nu Skin is marketing its products through independent distributors. To become a distributor you need to purchase a business portfolio for $25. Product purchases are optional. 

You are earning

• Up to 30% on retail sales
• 5% commissions on sales made by directly sponsored distributors
• Fast Start payments on Fast Start product packages.

To qualify for commissions and bonuses, you need to be "active," meaning that you need to obtain 100 personal sales volume (PSV) points from retail and personal consumption and you need to make 5 retail sales per month.

Executive Commissions

With sufficient sales volume in your group (above 2000 in the third month), you qualify as an Executive, and earn an additional Executive Bonus on your total group sale volume (GSV). The bonus increases with volume and ranges form 9% to 15%. Your group volume is calculated from all customers and distributors in your group; new executives are breaking away. The following example is showing the effect of increasing bonus percentage

To maintain your Executive status, you need to maintain a minimum of 100 PSV, 2000 GSV and have a monthly auto ship order, with a recommended volume of $200 to $500. At 100 PSV for each group member, you need a group of at least 20 customers and distributors.

Breakaway Executive Commissions

With increasing number of Breakaway Executives in your organization, you rise to higher Executive ranks, and qualify for 5% commission on the GSV of your executives for increasing levels, from level 1 to 6.

The company automatically compares the total Breakaway Commission (depth) to an extra bonus of 5% and double bonus of 10% at level 1 (width), and pays you the higher amount of both. This optimizes payout for both deep and wide organizations.

There are no bonuses paid for recruiting. All bonuses are paid only for product sales. In 2008, 40.7% of all distributors were active, and of these, 14.1% earned a commission check. The average monthly check for non-executive distributors was $62, and ranged from $228 to $42,710 for executives at all levels.

Nu Skin Training

Nu Skin training is offered by leaders at training events and online through training web sites. Nu Skin University offers online eLearning courses in product and business knowledge and an online library of product information.

Training in marketing covers warm market methods, motivational strategies, business practices, scripts for prospecting and closing, leading with a blend of products and opportunity.

Nu Skin Review Summary

As you have seen in this review, the Nu Skin company is financially strong and well positioned in the expanding beauty, personal care and wellness market. The Nu Skin products are appealing to wellness conscious consumers with corresponding buying power.

The Nu Skin compensation plan is paying you for product sales only, with increasing commission rates for higher sales volume. Adding new distributors will help you increase your group volume more quickly, however, there is no bonus for recruiting.

Your main challenge in building a successful Nu Skin home business will be to add customers and distributors to your group quickly. You want to reach Executive rank, to take advantage of the additional Executive commissions on your group volume.

Only 1% to 5% at most of your leads will buy or join at first contact, so you need to go beyond your local circle of friends and acquaintances, and find a supply of targeted leads for the Nu Skin products.I have prepared a MLM marketing report and a series of video training lessons for you, all free of charge.

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