Passport To Wealth Review

The Passport To wealth program is an Internet based network-marketing program. You sell a collection of e-books and software programs that assist anyone in marketing products online.

When you sign up you will own all of these products, there are literally thousands of them. The company is adding more products as they get them. You will have the tools to compete in online marketing with these products.

The compensation plan is one of the 2 up type models. It is called the down under Australian 2up compensation plan. As you will see as it is explained, this plan is a very powerful one.

One of the amazing parts of the “down under” plan is that it has unlimited depth. This will become clear as things are explained. The magic number for everyone is three sales.

The first two sales you make go to your sponsor. At that point you are qualified, and can start a down-line. In fact you can start as many down lines as you wish.

Let’s follow the scenario from your first down line sale. As their sponsor, they are required to give you their first two sales, just as you did with your sponsor. Let’s build an example. You sign up Joe as your third sale.

You will make $997 for that sale, and when he gives you his first two sales, Mark and Frank, you will get $1,944 more. Now, you sponsor Mark and Frank. To qualify, they need to each give you their first two sales, Louis and Clark, and Biff and Buff. They will create $3,988 of income.

This scenario then just repeats itself, expanding exponentially. If Lois, Clark, Biff, and Buff all qualify themselves, you will make $7,969! There is an interesting dynamic created with this program.

With this plan, every time new sales are given to you, when people are qualifying to start their own down-lines, you have an incentive to work with them, to help them become qualified. You will make $1,944 every time you help a new salesperson become qualified.

On the other hand, at this point you have no incentive to continue working with this person, and cannot benefit from their future success. So, you will be constantly helping new people get started. Some network marketers would prefer to work with a few teammates for an extended period of time.

The upside to this system is when you are working with someone, you will be benefiting directly. In other networking systems your efforts with people might never pan out to serious profits. The downside is that you can’t benefit as much when you find a big seller.

EDC Gold or Dust?

EDC Gold Review

EDC gold is an online network marketing company. It is an offshoot of the company Easy Daily Cash. Let’s take a look at this fairly new and controversial company.

The basic premise of any network marketing company is you build a team of marketers that help you make money. In turn you show these new recruits the ropes of the business.

To join EDC Gold you will spend about $1,000 dollars. What you are buying with this money is two things. First you receive a lot of software tools and e-books that teach you how to market on the Internet. They specifically teach you how to succeed in this business.

Secondly, this gives you the right to sell this program to others. So this is what you spend your first $1,000 on. Then you are offered additional products that are designed to enhance your marketing.

The compensation plan that EDC Gold uses is called a 2 up program. It works like this. To make money selling the program, you must first “qualify” by signing up two new customers. The money from these two sign-ups goes to the person who signed you up (thus the name 2up). This qualifies you to start earning yourself.

The next person you sign up, you get that commission. Now you will also get the commission from the first two sign ups of the three that you have signed up. For every new person you bring in, you will receive the commission from them, and their first two “qualifying” sales.

These are the basics of how EDC gold works. It is a young company, about two years old. There is a lot of debate about this company. Let’s look at some pros and cons of this business.

First and foremost, although the marketing is entirely Internet based, you will eventually be trying to close clients over the phone. This is not a passive income. You need to have some salesmanship skills to make this work.

Secondly, and this can be viewed as a pro or a con, you are not building residual income. You must continually bring in new sign ups, and then help them qualify to be able to make money themselves.

The most obvious hurdle to overcome in this business is the qualifying stage. People have to be willing to give up their first two sales completely in this system. This is asking a lot even if the business has a lot of merits otherwise.

This is EDC Gold in a nutshell. Some people despise it, and think it’s a total scam. Others claim it’s a viable way to make big bucks online. They will say you just need to stick with the program.

It’s definitely not a scam, but be prepared to talk on the phone for hours a day if you ever want to make sales.

What’s Out There?

Occasionally, we will take the time to educate you on some of the existing opportunities that cover the United States and the Globe. Most internet opportunities are real and are not scams. The scams will usually fizzle, so if you have found a program that is a year or older, there’s a good chance it has some legitimacy to it.

The problem is choosing the right startup for you. Most internet businesses are NOT automated like the opportunity claims. A real simple test is to look at the price point. If it costs $400 or more, then this is NOT an automated business. The reason is simple. How many people would spend $400 or more buying something on a website without wanting to talk to someone on the phone first?

If you have to talk on the phone to sell your product, then your company is NOT autmoated. A truly automated internet business is one that drives visitors to it, and the visitor in turn buys something on the website without ever having to talk to someone on the phone first. The only way that happens is if your price point is low enough that they feel comfortable on their own to push the “BUY” button.