Do You Have Questions About Prosperity Of Life?
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Do you have questions about Prosperity Of Life?
Get your answers direct from the source not from fake review sites who are just trying to sell you on their own opportunity through the publication of fake business reviews.
Why Prosperity Of Life?
About Prosperity Of Life
Prosperity Of Life is an award-winning creator of personal development and leadership development programs. We distribute our products to clients in over 120 countries around the world.
The Prosperity Of Life distributors work independently from home following our proven turnkey business system. The business system was designed to allow the motivated entrepreneur the opportunity to work part-time hours and potentially earn a full-time income.
We utilize cutting-edge technology and clever internal procedures to fulfill this mission of providing a viable opportunity for the average person to attain financial independence and time freedom.
Chances are you've landed on this page after recently being introduced to Prosperity Of Life. This page is designed to get all of your questions answered and to provide you with the company history so you have a better understanding of who we are and what we stand for.
I'm going give you the inside scoop on the class-action lawsuit (with Liberty League International in 2004) and answer the question, "Is Prosperity Of Life a pyramid scheme?" We'll also dive into rumors of the name change and a whole lot more!
What makes me qualified to share the real Prosperity Of Life story (warts and all) with you?
My name is Rachel Krider. I started my journey with Prosperity Of Life 15 years ago as a distributor and became a seven-figure earner (I earned $1.2 million USD in my first 18 months of business). I later bought into the company and today am one of the co-owners and an active member of the Prosperity Of Life leadership team.
So I know the story from two perspectives - that of a distributor and also that as an industry-leader and owner.
I'm going to do my very best to share the Prosperity Of Life history with you as accurately as possible. It's always good to get the history of a company from the source and not from the catfish marketers as I explain in this article.
So here goes!
Shane & Rachel Krider
Why did Prosperity Of Life change the name of the company?
Prosperity Of Life co-owners, Shane & Rachel Krider and Greg Strom.
The short answer is the company didn't change its name. Prosperity Of Life launched as a brand new company with new ownership and later went through a rebrand. Let me share all the details with you.
When I first started working with Shane Krider, the visionary of Prosperity Of Life, I got going in his previous company, Liberty League International. Back then, of course, we weren't husband and wife. That special union came a little later in the story and I will share that in more detail on a future post.
Shane started Liberty League with Brent Payne and, in 2009, the guys decided to part ways. They no longer held a united vision for growing the company and came to a mutual decision that it was best to part ways before things deteriorated further between them.
When this partnership dissolved so did Liberty League. The good news for the distributors of Liberty League is that even though the company dissolved, they were all able to seamlessly transfer their independent distributorships to Shane's new company without having to re-buy in. They also retained any previous business qualifications. So the distributors benefited from an uninterrupted opportunity.
When Shane and Brent went their separate ways, he partnered up with me and our other partner, Greg Strom, and together we formed Prosperity Of Life.
It's important to note that when we first launched Prosperity Of Life we traded under the name of Polaris Global Marketing. Polaris is an acronym for "Prosperity Of Life and Return of Individual Sovereignty" - or POLARIS for short.
Within a very short time of trading under the name Polaris we realized that our branding was easily confused with Polaris the ATV manufacturer, so very early on we switched to trading under Prosperity Of Life.
Prosperity Of Life branding was much more simple and descriptive of who we actually are as a company. Polaris Global Marketing is still an active company it is simply registered under "trading as" Prosperity Of Life.
What's with the class action lawsuit brought against Prosperity Of Life?
You may have seen info out there about a class action lawsuit bought against Prosperity Of Life. Let me set the record straight.
In the ten plus years that Prosperity Of Life has been trading we have never had any lawsuit filed against us. Not one.
Shane's previous company, Liberty League International, did have a class action bought against them by a law firm in the United States back in 2004 (before my time).
This suit was thrown out of court three times due to filing inaccuracies and incompentence on the part of the law firm doing the filing.
There was no out of court settlement. There was no judgement or fine against the company. The law firm simply dropped the class action.
There was a second legal matter that took place due to the actions of a rogue distributor in the state of Arizona and Shane Krider does a great job of outlining the full story on the company's annual Visionaries LiveStream. It's worth a listen to get all the accurate details (watch below).
Is Prosperity Of Life a pyramid scheme?
A pyramid scheme is when there is simply an exchange of money taking place in the form of promised returns for an investment.
In Prosperity Of Life no one makes any money for simply investing money. All distributors make money on the sale of products. No one makes any money for simply recruiting others into the program.
We never guarantee any sort of returns. Your success is determined by your own work ethic and your ability to follow our system.
Investopedia states that "pyramid schemes are based on tiers where new members are at the bottom and the members at the top make the majority of the money."
The Prosperity Of Life compensation plan is an even playing field. A person can get started today and have the ability to earn the exact same commission as the distributor who has been with the company since the beginning.
The only advantage that original Prosperity Of Life distributors may have over someone getting started today is that of knowledge, understanding and natural business momentum. But the longer-term distributors don't earn any extra commissions for this.
The pay structure is exactly the same for both the new and old distributors. This means that someone could get started today and in a year or two become the top earner in the company based on their direct sales ability.
This even playing field was one of the things that greatly influenced my decision to get started with the company.
Is Prosperity Of Life a scam?
For something to be classified as a "scam" it must go before a court and be deemed to be operating by unethical means by a judge.
Prosperity Of Life has distributed our programs to 123 countries around the world and have never been before a court for a judge to deem it to be a scam one way or another.
Over the years we have had various government agencies in different countries, primarily the United States and Australia, request information from our corporate office in regards to our business practises. These agencies have looked at our advertising methods, our scripts, compensation plan and our products and we have only ever had to make small changes to our business practises along the way to comply.
We are proactive in the area of compliance. We have a full-time compliance department at our corporate office and their job is to stay on top of any changes in legislation and to ensure that the Prosperity Of Life distributors are operating ethically and appropriately based on the rules of any given country.
Our compliance department retains legal council in various jurisdictions around the world to assist them with changing legislation.
So, no, Prosperity Of Life is not a scam. I'm very proud of what we have accomplished and the lives that we have affected positively through both our product line and income opportunity.
Lee Anne & Simon Haggard hold the top monthly income record, earning $257,000 USD in a single month. They achieved this milestone right in the heart of the covid pandemic!
Is Prosperity Of Life the same as Multi Level Marketing (MLM)?
Prosperity Of Life leadership, Lise Reitsma and Kristine Bene, on stage in Miami.
This depends on who you ask. If you ask me, someone who has had personal experience with MLM and Prosperity Of Life, I would tell you that there are some similarities between the two business models, but there are some significant differences and those differences make all the difference in the world.
Before I started my journey here I was with a Multi-Level Marketing company for five years. They were a great company and I learned alot, but I didn't create the financial success I was looking for.
In multi-level marketing you earn a small percentage from the production of your team (your downline). So in MLM if your team sold, say, $10,000 worth of product in a month you might make 5% or $500 from their activity. Every compensation plan is different and in some instances it can be complicated where you have to balance legs and have minimum levels of production in certain legs and sometimes you might make as little as 1-2% depending on the plan. Geez....I'm getting confused just writing about it 🥴
In my MLM days I would typically make about $2,500 per month from servicing about 20 clients per month. So not setting the world on fire by any stretch.
My best month as a distributor with Prosperity Of Life I made $181,000 USD servicing just 21 clients for the month. And I've seen distributors make even more than I ever made 🙌. (yeah that deserves a high five!)
So there are two main differences between the Prosperity Of Life compensation plan and that of an MLM plan.
with MLM the profits are divided and divvied up amongst the up-line. With Prosperity Of Life there is no dividing. The selling distributor earns 100% of the profits when a product is sold.
with MLM you typically make about $50-$100 on a sale. So you require a lot of customers and distributors in order to make a significant income. With Prosperity Of Life a distributor has the ability to earn large profits, anywhere from $1,000 - $8,000 USD per sale. So by servicing just one new client per week you have the ability to make more than $10,000 USD per month.
Of course there are no guarantees. We never guarantee income. You must do the work. You must follow the plan. But for those that commit with a high degree of desire and determination the outcomes can be truly life-changing.
What influenced my decision to start with Prosperity Of Life was the fact that I could earn a multiple six-figure income in my first year if I was successful in servicing just a couple of clients a week and I could do all this based on my own efforts. My success wouldn't be determined by the success of my sales team. I liked having this degree of control.
Please don't get me wrong. I was also attracted to the possibility of building a team with Prosperity Of Life and tapping into the leverage and residual income available, but I didn't want to rely on this source of income.
What are the benefits of building a team with Prosperity Of Life?
When I was first introduced to the network marketing / direct selling industry I saw the opportunity for the very first time that an average person like me could earn royalties or residual income & also tap into leveraged income.
And it excited me!
Earning royalties was something that A grade actors, rock stars and elite athletes had access too...but not me. I don't posses those talents.
Let's look at the entertainment industry. There are a number of different ways that royalties are paid out, but let's keep it simple and use the example of Bono from U2. Bono writes the hit song, "Sunday Bloody Sunday" and each time this song is purchased or played on the radio, TV or anywhere, Bono earns the agreed upon royalty or residual income. So the beauty of royalties or residual income is that you do the work once and get paid over and over for years and decades to come.
Investopedia explains royalty income in more detail here.
In Prosperity Of Life the royalty/residual income is paid out whenever one of your customers repeat attends one of our live events. We typically host two live events each year and depending on the event the profit that a director makes is $5,000 USD or $8,000 USD.
We have clients who repeat attend the conferences every year and have done so since the inception of the company.
If you have just a handful of your customers repeat attending you can see how quickly your residual income can add up.