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urupanther
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Joined: 9 May 2009
Posts: 21
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# Posted: 18 Jun 2009 10:50
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Has anybody heard of this one before? They are based in Canada and buy and sell all kind of stuff, allowing "investors" from all over the world deposit some money (minimum $100, maximum $500) and get a share of the profits.
Their President is Chris Bell.
https://affordableaffiliates.com/
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getagrip
Joined: 20 Feb 2006
Posts: 1715
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# Posted: 18 Jun 2009 11:45
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Why pay someone to promote affiliate programs when you can find them for free online? Clickbank, Paydotcom, and CJ are a few good starting places.
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urupanther
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Joined: 9 May 2009
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# Posted: 18 Jun 2009 13:23
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Maybe I didn't explain myself clearly. They sell "stuff" like furniture, collectibles, and the such. No e-books or software.
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johnjimat
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Joined: 31 Mar 2009
Posts: 266
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# Posted: 18 Jun 2009 13:39
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it's like direct sale right? the money we invest is to start selling their product. is there any MLM system in that business?
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Newbie Shield
Joined: 22 Sep 2007
Posts: 1915
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# Posted: 18 Jun 2009 16:10
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Hi urupanther,
Would it be accurate to refer to it as an investment coop?
I guess it would be something like opening up an interest bearing bank account. You deposit your money. They invest it and profit. They turn around and give you a cut, which is based on their profit and how much you've invested.
Is that how it works? Just wondering why it would be a good idea to lend money to that particular group.
Thanx,
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urupanther
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Joined: 9 May 2009
Posts: 21
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# Posted: 18 Jun 2009 16:49
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I guess it could be called an investing coop.
When they buy something and use investors' money, they only take $10 from every person. This example is posted in their website:
We buy an Item for $10.00 and sell it for $100.00 .
Your initial $10.00 + 10% of the $90 profit is returned to your account for re-investment ($19).
10% or the profit is added to your monthly payout ($9).
5% of the profit is sent to your designated charity ($4.50).
5% of the profit goes to the person who referred you to AAN ($4.50).
What do you think?
Check the site, they have videos and pictures showing everything they deal with.
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mountainmom5
Joined: 30 Aug 2007
Posts: 1612
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# Posted: 19 Jun 2009 00:10
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My question would be, "Is their stuff selling??"
If they can buy it for $10, how could they SELL it for $100? What if nothing sells?
I am not being negative, just trying to make sense of it... as so often they only tell you part of the story... and I can see making money if the stuff sells, but if it doesn't then the owners will make a bunch of money for awhile and then disappear into the ocean like so many others have done... 
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bburt252
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Joined: 20 Sep 2007
Posts: 23
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# Posted: 19 Jun 2009 06:11
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it's an interesting concept...if the merchandise sells it should be a stable program.
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urupanther
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Joined: 9 May 2009
Posts: 21
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# Posted: 19 Jun 2009 14:12
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They are an eBay (canada) PowerSeller.
Their rating is 100%, out of 150 feedback comments, 81 items sold in the last 12 months.
They have been ther since June 2005 and right now they have 113 items for sale, mostly collectibles, lamps and jars.
The "about me" shows: "Vancouver, B.C. Canada's largest dealer in antiques, collectibles, liquidation inventories and just about everything else. Everyone is welcome to visit us at any of our (Greater Vancouver Area) stores and please let us know you heard about us on ebay."
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yahia
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Joined: 8 Oct 2006
Posts: 67
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# Posted: 20 Jun 2009 07:46
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I like the idea, but not in a "long distance" fashion. If I live close enough to them to pay them that visit, I would get my lawyer to write a contract that protects my investment and give it a shot.
I actually had this idea when I was a teenager. It wasn't really mine, I copied it from a couple of "interest-free" investing groups and was dreaming to run the third.
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urupanther
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Joined: 9 May 2009
Posts: 21
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# Posted: 20 Jun 2009 16:46
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We wouldn't have any members living in British Columbia to pay them that visit for all the rest of us, would we?
I live on the US East Coast.
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