Quote:
Originally Posted by nogoodname007
i googled it and it's totally mixed........but there's a huge load of complaints.
pyramid scheme...scam....bad sales pitches.
i'll go to learn all the stuff about the markets right now and whats available.... and i'll talk about it to my current brokers.....i'll just use them for there knowledge...that's if they have some...ha
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they are pretty deceptive... its a complete pyramid scheme... my sister was caught into the whole thing and was convinced that she would be successful selling their stuff...
initially they make profit off you by selling you their "information" and "teaching materials"... after that point they would create you as an agent and they are banking on the fact that you are going to sell their stuff to your friends and family (from mortgages, insurances, and what not) with a promise that if you either recruit enough people (aka have enough agents working for you) or make enough sales then you get a certain percentage of the profits... aka a typical pyramid scheme and you would be just an agent...
the issues are first the services/loans they are selling are nothing special...they would just teach you how to highlight the good points and sell them in a way to hide the true value of what they are offering.. just like a car sales man...
the second issue is that you will destroy relationships ...the fact that you are in a motivation to create profits or recoup your initial costs, you would be pressuring anybody to either buy or join you... but if they are knowledgeable enough about finance, they will automatically see the truth behind your services, and not purchase the service... in return it would create a rift between you and that person...
lastly, they will rip you off with your payments and use your resources to keep the whole process going... as of today, they have not given my sister her full commission from the mortgages she was able to sell to her friends... they just used her to get in contact with her friends and my family to do sales pitch ...but most of my family are accountants... so nobody bought their sales pitches... as a result, my sister alienated her self from our family...
as such... i suggest for you to not even go to their meetings... if you do not believe me... then definitely get all their information and present them to somebody who has financial knowledge ...aka an accountant/lawyer/certified agent...