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Post by sastb115 on Nov 21, 2008 18:13:23 GMT -5
Does anybody know anything about "passport to wealth"? The pricepoint is so expensive. Is it legitimate? Makes me wonder if you have to pour more money into it after you pay the $997. If you have any positives or negatives I'd like to hear it.
Thanks
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Post by glitch00 on Nov 21, 2008 20:03:02 GMT -5
Passport to wealth for all I know is legit because I see reports all over YouTube and it is marked as a top income stream for leverage programs. You have to ask yourself first if you think you can convince 3 people to join. Meaning can you convince 3 people to pay $997? If you think you can, this opportunity is for you. Notice I said 3 people, thats because you pass the first 2 people to your sponsor so you do not get paid for those 2 and the 3rd person you get the full sale so you break even. The only positive thing is, after you make the 4th person, the pressure is on them to bring 2 people to you and you get obviously tons of money. The only negative thing is, there is a monthly admin fee (not sure how much, but definately a high amount). This was according to one of the admins of the program I'm in. He actually tried joining that program and ended up leaving a bit later. I don't really believe in the "automatic marketing" it claims, but the system is real. It does use the 2-up model and it doesn't fall under Cash Gifting because products with Master Resale Rights are involved when you spend the $997. That's actually what you are selling. Hope this helps. My advice is to join programs that can slowly generate you $997 so you don't have to take the $997 out of your pocket. That's known as leverage and that's my long term goal. Though I don't think I'll join Passport to Wealth. Hate monthly fee programs hehe.
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Post by havingfunnow on Nov 21, 2008 23:27:58 GMT -5
I found the following to be of interest: www.articlestree.com/business/passport-to-wealth-a-scam-tx370021.htmlLots and lots of marketing out there on this by people trying to fill their quotas. I disagree with the definition of leverage for online. If you generate any amount of money online - then I consider spending it out-of-pocket, as you have generated the income. My definition of online leverage is different - actions that will result in a positive outcome, not necessarily incurring a cost. e.g. being a member of this board, and not having to recreate the wheel.
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Post by glitch00 on Nov 22, 2008 0:09:12 GMT -5
Nice article hehe. I guess you can call me a Passport 2 Wealth spy. I've been monitoring their progress hehe and they appear to be doing a so-called 2.0 version of their website. Despite claims of it being a complete rip off of the popular program EDC Gold, it seems that the fact they are in development of a new website just shows that they are still in business. Many would say how professional their website is, but I personally find it wayyyy too flashy with too many stock photos and far too much hype. Something that I see as a weakness, but then that's just my opinion. As for the whole leverage thing. The general definition of leverage is using small money to make large money. It is far separate from the whole out-pocket-cost notion. I'd like to see it as 2 types of leverage. One is the leverage where you take money out of your own pocket. Like the act of really opening your wallet or dishing out your credit card and say "Yes! I want to spend this money and expect some magic". Now that isn't really bad because a leverage is totally possible since it falls under the definition. Of course that method is risky because you have a loss (i'm not good with financial terms so maybe my terms are off hehe) and you need to make the money back and go into profit. Of course depending on who you are and what your situation is, this can be quite pressuring. Joining the Passport 2 Wealth system is basically an act of leverage under this definition. In the worst case scenario, you have the risk of wasting time and money. Now we goto the the 2nd type of leverage where you acquire a sum of money from an online program (usually affiliate marketing in the beginning). Now some systems actually allow you to let you just say, "You know what, just keep the money there because I will use that as leverage." So what happens is, you have no loss, no money is deducted, but then you did some work and "postponed your gain". Now the end result as compared to the first definition of leverage is, you should have much less pressure (again it depends on who you are), because again, you don't have to make the money back because you never lost anything. So in this definition, the worst case scenario is you wasted time. The worst case scenario is less likely to happen because of the signficant absense of the pressure telling you to make money back. If you know of a program that will result in a positive outcome and not necessarily incurring a cost and not recreating the wheel. I'd love to know and how they structured their model. I really do think that these models such as 1 ups, 2 ups, matrixes and leverage methods are here to stay for awhile unless top companies decide to share the blessings alot more with their advertising budget. sastb115 and Connie, sorry I went off topic.
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Post by havingfunnow on Nov 22, 2008 1:35:55 GMT -5
I agree that websites with a lot of hype - showing yachts, fancy cars, mansions, etc... really make me wonder about what is being promoted, and I also see it as a weakness. What I had meant about disagreeing with 'leverage' is that I consider online leverage to be more than just financial. For example: Being a member of this board gives access to the experience of others, saving time and possibly money; i.e. saving me time by not having "to recreate the wheel". I guess you could call it unrealized leverage. LOL I will send you a PM on this.
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Post by glitch00 on Nov 22, 2008 4:42:35 GMT -5
Ahh I get your point on that hehe well taken. Thanks for the PM too. Will get you back in that hehe.
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