Nu Skin Reviews
I chose to review Nu Skin because it has been one of the biggest and most popular network marketing companies. It is the #7 network marketing company in the top 100 Top Revenue Earning companies in the world. Does this mean it is a good company for you to join or not?
If you are thinking about joining Nu Skin, you should read as many company reviews as you can find. Be sure that the reviews you read are not written by current members of the Nu Skin opportunity. They are probably there to try to recruit you into the business and may not give you an unbiased review.
My review of Nu Skin will be an independent one. I am not, nor have I ever been a distributor of Nu Skin products or their business opportunity.
Whether you are thinking of joining Nu Skin or any other network marketing company, I would urge you to do your own due diligence. I strive to provide you with useful information that should give you a good start into examining this company. Remember, this is only a start!
People frequently lose money, while trying to build any network marketing business.
Nu Skin reviews – the company and its history
Nu Skin was founded in 1984, in Provo, Utah, by Blake Roney, Sandie Tillotson and Steve Lund.
Blake Roney is the Chairman of the Board of Nu Skin Enterprises
Steve Lund currently serves as Vice Chairman of the Board of Directors
Sandie Tillotson serves as Senior Vice President of Nu Skin Enterprises
M. Truman Hunt is the Chief Executive Officer and President of Nu Skin Enterprises
In 1996, Nu Skin acquired a company called, Pharmanex. Pharmanex is a dietary supplement company.
In 2011, Nu Skin acquired a company called, LifeGen. LifeGen is, apparently, a genetic database company. Nu Skin is using the database to help formulate some of their products.
In the late 1990s, Nu Skin invested in a company called, Big Planet. They are a network marketing company that sells internet services.
Nu Skin has been investigated many times for deceptive marketing and sales practices, by many US states and several countries. China accused them of running a pyramid scheme, in 2012. They’ve never admitted to any wrong doing, but they have paid fines and reached settlements, several times.
Nu Skin is in the skin care, wellness and anti-aging niches. They are currently operating in 53 countries, including the United States, Canada and China. They are reported to have over 950,000 distributors working with them.
Nu Skin reviews – their financials
Nu Skin is a publicly traded company and their stock is listed on the NYSE. The company reported that sales dropped in 2014 to $2.57 billion. They credited the legal troubles in China as being the main force behind the decline.
The company was looking to rebound in 2015, however sales continued to drop in the first quarter of 2015. They have reported a decline in sales of 19% in this quarter.
Nu Skin reviews – their Better Business Bureau rating
Nu Skin was accredited by the Better Business Bureau in January 1986.
The company is located at:
75 W. Center Street
Provo, Utah 84601
Their phone number is: 1-800-487-1000
As of this writing, July 23, 2015, Nu Skin has an A+ rating. I like to see that a company has a rating of at least an “A,” or higher, which they do. This meets my criteria and is a good sign.
There is an “alert” on the Nu Skin BBB listing. It is there to tell the public this information:
It’s information to the public that NuDerma Skin and LAP1A, LLC are in no way associated with Nu Skin Enterprises, Inc. and/or any of our affiliates.
Nu Skin reviews – their products
The company offers over 200 products for sale. They are broken down into 17 different categories. The categories range from Hair Care to ageLOC. They have a line of nutricentials, a line of men’s care products and moisturizers.
You can find a complete list of the products offered here:
The products seem expensive to me. The cheapest product I saw was a $10.50 bottle of NaPCA Moisture Mist. The most expensive that I saw was the ageLOC Transformation Package, which is listed at $401.50
I always recommend that you try out a company’s products before you sign up with them. This will give you a chance to see if you like the products. It helps if you actually like the products that you will be asked to sell.
You can find some of the products listed on Amazon.
At these prices, you might consider finding a product demonstration party to go to.
Nu Skin complaints
There are several complaints list on the Consumer Affairs website. You can find them here.
Nu Skin reviews – if you become a Nu Skin consultant
If you decide that Nu Skin is the right company for you, then you would need to pay a $25.00 sign up- fee. This fee can be waived if you sign up on a 50PV Automatic Delivery Program. The fee can also be waived if you place a 1 time order of 100PV.
Nu Skin reviews – what monthly fees can you expect?
1. Is there a required autoship program?
Distributors do not have to purchase products every month. They do have an auto delivery program that does have some discounts on the products. The program is called ADR. ADR stands for Automatic Delivery Rewards. This program does generate reward points that can be redeemed for free products.
To be qualified to receive commission checks, you must have 250 PGSV. PSGV is the sales volume generated by the distributor and their front line or first level recruits.
2. Are there any ongoing, monthly fees?
Yes and no. There is a $25.00 per month website fee, which is waived if you are on a 200 PV Automatic Delivery Program.
3. Are there any other fees?
There are no other fees.
Nu Skin charities
Nu Skin does have a charity that it runs. It is called Force for Good. Nu Skin Force for Good does have many partners that it does work with. You can read about the charity here.
Nu Skin reviews – business opportunity and the compensation plan
Nu Skin’s compensation plan has 10 levels in it. You start out as a Distributor and you can work your way up to being a Blue Diamond Executive.
There is a document that explains the compensation plan. It is 5 pages long.
I also found a video that might have a better explanation of the plan.
Nu Skin reviews – their income disclosure statement
They do publish an Income Disclosure Statements. It is for the year 2014. I’ve read their document, which contains numbers for the United States, only.
You must be an “active” distributor to qualify for a bonus check. They define “active” as anyone who placed an order for products, promotional materials or services in the most recent 3 months. The document says that they’re only 61,980 out of the 950,000 distributors. That’s a little over 15% of distributors who are active and eligible to receive a commission check.
Of that 15%,
6.5% of them earned $34.00 per month
0.4% of them earned $37.00 per month
1.5% of them earned $94.00 per month
4.2% of them earned $458.00 per month
2.9% of them earned $847.00 per month or more
It appears that 136 of the 950,000 distributors in the company have reached the top level of the company’s pay plan.
Believe it or not, that is higher than most network marketing companies!
Nu Skin reviews – the distributor agreement
The distributor agreement is part of the application. I copied it and pasted it in a Word document and it is 56 pages long.
You can read the distributor agreement here.
There is a policies and procedures manual available. It is 39 pages long. It does state that one cannot advertise the products, by name, anywhere. One cannot sell the products at flea markets or in stores. One may not sell the products online in any venue. These rules haven’t stopped people from selling the products on Amazon, yet.
You can read the policies and procedures manual here.
One cannot advertise the business opportunity, by name, either. One can advertise a generic business opportunity to generate leads for their business. As it is with most companies, they are very protective of their name, their logos and the rest of their intellectual property.
Nu Skin reviews – is this the right company for you?
There is no way for me to be able to tell whether this company is the right one for you to work with. I see many pros and cons associated with Nu Skin. They do have one of the highest percentages of people who have reached the top level of the pay plan. They also have been investigated for many irregularities and violations. They have paid fines for their actions.
I would suggest that you weigh these pros and cons and do more investigations of your own. You could also compare them to other companies in this niche to see if there is one that is better suited for you.
Is Nu Skin a scam?
Being that Nu Skin is in the skin care and anti-aging niche, there may be some that might think that they are a scam. They have been investigated many times and have always managed to beat the rap. Let me assure that Nu Skin is a good and strong company. They are in no way a scam!
As always, if you are thinking about joining this company, do your own due diligence.
The person who sponsors you is just as critical to your success as the information that is contained in this Nu Skin review.
In the end, you must be willing to sell the products and recruit people into the business. It helps, a lot, if you are enthusiastic about, both, the company and their products!
I am wishing you the best of luck in your network marketing journey!
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