Looking for a ViSalus income disclosure statement? They’re a private company, so data was tough to find – however, we worked with what we had and came up with some neat numbers. If you’re not familiar with ViSalus, it is some dietary supplement. It’s your run-of-the-mill MLM. Don’t know much about them? Take a look:
This isn’t too unique.
Cheesy job titles? Check.
“Blue-collar” sob stories? Check.
Subtle religious undertones? Check.
Materialistic fixation? Double-check.
Back to why you’re here. You probably want information on their income disclosure statement. Well? That’s not so easy. According to Kestrel on the Quatloos forums, 43% of the company is/was owned by Blyth Inc, which is a public company.
Income Disclosure Statement
Alright, so we got that out of the way. Kestrel did a little digging so I didn’t have to. Here’s the income disclosure statement for Blyth, Inc. Apparently Blyth is a modestly successful company. They don’t appear to be in the red, but as the distributor for a lot of these diet supplement companies, I wouldn’t expect them to be. So apparently the gap between sales and distributors is growing… but at what pace? Well, with a 300+% increase in distributors and a 150% increase in total sales – let’s break it down.
Let’s say they have 30,000 distributors last year (I made this number up) who comprised the $13,000,000 in sales. That’s over $430 per person. Since then, they have grown by an additional 90,000 (30,000 + 30,000*300%). They should now have 120,000 members. Sales? Well that increased by over 150%! They’re up to $33,000,000. At the end of the day, they’re at $275 per person. Sounds like a lot, though, right? Heh, well… they don’t just sell shakes.
To even begin to sell, you have to fork over $50. That’s for the base kit.
But wait… there’s more! You ALSO have to pay the $49 entry fee to become a “Basic Distributor”. That’s not so bad, though…
Until you realize you can’t even make a profit until you’re an Active Distributor. That will cost you another $125 per month. Yikes!
So where did we net out? Hmm… $125 per month minimum with a $100 entry fee. That’s a cool $225 per person to even begin to make a profit – all of this factoring into ViSalus’ sales figures. In total, each person is theoretically spending an extra $50 total.
Oh, and also keep in mind this factors in the profit they make from conferences, merchandise, and other fees. Let’s just settle and say they’re pocketing some serious cash while the worker bees build a personal labyrinth of debt.
Anyways – if this post wasn’t satisfying enough, here’s a cute little article about ViSalus. Note the room full of “multi-millionaires”. Ha. Yeah, okay.