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About New Vision
New Vision was founded by Boreyko family fourteen years back in 1995. The company recently celebrated over $1.3 billion in total retail sales. New Vision is a member of the Direct Selling Association. Since inception, the company has paid out almost $500 million to its independent distributors.
New Vision: Business Model
There two basic ways of joining into the New Vision network. You can either join as a Team Member or as a Preferred Customer. Team Members are required to pay an annual $5.95 content management fee. They can avail of nearly 25% discount on the retail selling price. There are three types of bonuses that you can benefit from by building your down line: First Order Payout Bonus, Vertical Payout Bonus, and Director Residual Bonus. Depending on the volume of business your down line is able to make, you may also qualify for the Global Bonus Pools. If you sign up as a New Vision Customer, you will still receive the credits like a down line member order would.
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New Vision has recently got mired in legal controversy for misleading consumers with claims it couldn't readily prove. One of its products claimed to help patients suffering with Attention Deficit Disorder. But FTC has rules this to be an unsustainable claim and has changed the company a fine.
Conclusion
New Vision definitely offers a good money making opportunity for its distributors. It has a good proven track record in an industry where the failure rate is ridiculously high. But the recent damage to its reputation is likely to have long lasting repercussions. The company might find it tougher to survive in the highly competitive world, unless it resorts to immediate measures to repair its image.
Multi Level Marketing is growing industry. But it also has one of the highest failure rate. Nearly 90% of the companies do not make it beyond first five years. Yet, the market is abundant with proven and promising network marketing opportunities. One has to be prudent to choose a product and a company that will complement his/her personality and life style. Remember, at the end of the day, it is a business. And you have to give it your best shot.
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