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Review: Pro Wealth Solutions
A new reader emailed me the other day for my opinion on a new MLM scheme called Pro Wealth Solutions.
Now, the guys who run this particular scheme make these claims…
* Get a $25 bonus FAST START BONUS the very next week!
* Long Term Residual Income
* Power Pools…Easy To Qualify!
* 3 x 6 Forced Matrix…Top Spots Available!
* Up to $132,000 Per Month!
* 100% Automated Recruiting Systems!
* No Phone Calls!
* No Selling!
* No Meetings!
* Ground Floor Opportunity!
* Backed By Debt Free 20 Year Old Company!
* All Major Credit Cards Accepted!
* International Members Welcome!
Great. Smashing. Lovely. But where’s the product?
Where’s the actual THING or PRECIOUS IDEA you are going to sell?
There is none. It’s all about building a pyramid of money for the people at the top. (Yes, even if it isn’t technically a pyramid scheme).
See, in a legitimate MLM scheme, the main commissions are earned on sales of the company’s products. These are good.
Non-legitimate companies make their money mainly by attracting new participants or selling them “marketing services”, as opposed to actual products.
These are bad. Avoid them like a plague of rats.
No money should be earned just from recruiting alone (or “sign-up fees”). So beware of claims that you’ll make ever-larger sums of money by growing your “downline” (commissions on sales by people you recruit) rather than sales of products you make yourself.
When it becomes all about getting commissions for recruiting additional people, this kind of set-up may as well be a pyramid.
The only people getting rich are those perched at the top, feasting on your money.
My reader also mentioned that he’d been bombarded with emails warning that if he didn’t join up soon, he’d “lose his downline position”.
This is a classic marketing trick to get you to sign up fast without thinking it through. It adds a sense of urgency, but it’s false.
Ignore desperate gambits like this. In fact, this may be a legitimate business for someone on the chain, but I’d ignore it all together.
Posted by Sophie
on November 21, 2010. Filed under Home Business Opportunities,Reviews.
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