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Has anyone heard of Warranties For Less?

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AppealMarketing
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# Posted: 4 Feb 2008 03:56
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Looks like a brand new program with an actual product - car warranties, adds 5 years or 100,000 miles to any car, age or miles doesn't matter. There is No Cost to join (no initial or monthly costs I was told) and you get paid commissions of $500 for each one sold, even if you buy it for yourself. I believe it is still in a pre-launch phase. A friend of mine told me about it a few days ago, so I joined under him and now have a downline of over 350 people. I personally sponsored 16 people myself, the rest were spillover! It might be worth a look as it is free to join, who knows if it is as good as it looks so far. Any others see this yet? If so, what is your opinion on it, thank you.

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TJamMoneyMan
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# Posted: 8 Feb 2008 06:29
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I've been trying to understand that one too.
Maybe someone will explain it.
I guess I have to attend the webinars and phone conferences - which are a problem given my schedule but, the automobile extended warranty looks to be about 2,000 (with a $500 profit for the seller).
Personally I NEVER buy extended warranties.

I've joined, but I can't quite figure out what's going on with that website.

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WARRANTIES4LESS
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# Posted: 21 Feb 2008 23:30
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Interesting,

Having researched every program over the years, I must say, this is a keeper, a real deal which is unique, exclusive product, true value, no purchase required, no sign up fees or website fees, nothing, totally FREE, and even better, you can sell to yourself and make $500. while only spending $99.00 per month with new no interest payment plan. Talk about unique, this is it.

When you understand the compensation plan, a true hybrid with the best attributes of binary, matrix, uni-level and direct sales, this has it all, and with no purchase required, other than one to hit matching bonuses. Solid company, backed by multi-billion dollar top rated 130 year old insurance company and it has to get your attention.

Best of all, it is FREE to register as distributor, oh, I said that already. lol

Good luck to all, Mike

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JulieP24
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# Posted: 3 Mar 2008 13:41
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So Mike, How successful have you been with this business?

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Julie P.

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AppealMarketing
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# Posted: 3 Mar 2008 13:53
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Hi Julie,

I know you asked this question to Mike, but I will give you my current stats:
Personally Sponsored = 124

3x10 Matrix = 160

Binary Downline = 1624

Downline Sales = 27

Commissions = $150

I have purchased a warranty for myself under option "D", only available to associates, $99 down + $59 admin fee = $158 total down, my $500 commission is applied to warranty, leaving me with 14 payments of $99. All earned commissions will go towards warranty until it is paid in full. Once it is paid in full, I will be earning matching bonuses too.

It's free to join, what have you got to lose?

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JulieP24
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# Posted: 3 Mar 2008 17:58
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$1,400 is a lot to lose with not really being sure if you would be able to get others to join. Also, have you even made any money yet, or are you still waiting because they are going towards the warranty?

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AppealMarketing
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# Posted: 3 Mar 2008 19:48
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Hi Julie,

I'm not losing anything, I have a 2004 Chevy Aveo with 80,000 miles and I have to keep it for 3 more years, so I bought the warranty because I could use it, along with getting qualified. All commissions will go towards the warranty until it is paid off, which is the way i would want to do it. What do you mean by:

not really being sure if you would be able to get others to join.

I have sponsored 124 and am confident in my ability to get local independent used car dealers to join and they will sell plenty of the warranties, of which i will earn a commission on.

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# Posted: 3 Mar 2008 20:09
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Good question,

Since I judge success by long term standards, I will wait until I see how many sales are made in my group. Given this is a totally free registration period, and no retail site is up yet, we just don't know what the numbers will pan out to be in dollars. I could say I have thousands in my team, but it doesn't mean anything at this point given pre-launch only started a couple days ago.

One thing I do know, I have not seen any other business with as much potential as this one for the little person, as in those without huge organizations or lists. If you do a search on Google for Warrantied For Less, you will see I am on top as this is my focus, exposure on internet to truly test response, and to date, I am impressed with interest level.

Granted, most are registering as free distributor first, but given the value of product in the market place, combined with the exclusive offering, I like what I see. With recession kicking in across the country, and unexpected auto repair bills out of control, this is a great way to protect yourself from catastrophic repair bill, so I think many will be looking at this for protection.

The best aspect is that you don't have to go to the car dealer or retail warranty companies, you can purchase from yourself, and when you learn all the insiders secrets to extended warranties industry, you will know you got the best deal, and I like that aspect most of all, no car salesperson pressuring you at point of sale which is so typical. This is an easier sale than it first appears when combined with the strategy of selling to yourself and earning commission for your own purchase. This is a first, and a very powerful marketing tool.

Free is great, but saving the $500. to $1000. or more is even more great for most, even if you are not interested in the opportunity. This is how I see it, and I have no doubt this will be the business for 2008.

Good luck to all, Mike

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JulieP24
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# Posted: 3 Mar 2008 20:14
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Hi Marv,
The only thing I meant by it was, that you are successful with it and that is great, but so many times I have seen and experienced where someone is doing great and tells others they can do the same but it just doesn't happen.
Now of course this can be because, I think, the biggest reason is they just don't apply themselves or do any real work to make it happen.
I apologize for my scepticism, but perhaps that is only because I have had this happen to me where I have applied myself as my mentor did and still nothing.
Again, I apologize. I didn't mean to create this into a negative thread, I am just trying to figure out how some are successful with their marketing endeavors verses those that aren't.
Thanks!
Julie

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# Posted: 3 Mar 2008 20:26
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Hi Julie,

The only thing I can figure out on why some succeed and others (to be perfectly honest, most others) don't, is basically how you write your ads/subject lines and how the ad is presented. I have only been marketing online since Aug 1st of last year, but I taught myself html and I recommend that every single online marketer learn the basics of html, enough to make their ads stand out from the pack. I have been using colorful html ads, trying many subject lines and have been successful in all my online ventures. I'm sorry to be off topic here, but this is something everyone can learn from. I could almost write a book on this subject, but will leave it at that, as I believe that is why I have been successful and others not as much so. If you would like to read a little more, you may want to go to my blog, PM me for the url.

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# Posted: 3 Mar 2008 20:26
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Quoting: JulieP24
Hi Marv,
The only thing I meant by it was, that you are successful with it and that is great, but so many times I have seen and experienced where someone is doing great and tells others they can do the same but it just doesn't happen.
Now of course this can be because, I think, the biggest reason is they just don't apply themselves or do any real work to make it happen.
I apologize for my scepticism, but perhaps that is only because I have had this happen to me where I have applied myself as my mentor did and still nothing.
Again, I apologize. I didn't mean to create this into a negative thread, I am just trying to figure out how some are successful with their marketing endeavors verses those that aren't.
Thanks!
Julie


Hi Julie,

Yes, I agree 100%, usually we are hyped into a decision we wouldn't have made if not for the lure of money. I always look at the value of a product or service first, for this will insure sales can be made to the non business opportunity person. Without retail sales, you have nothing but broken dreams, and this industry is full of people with broken dreams, so I know exactly what you are saying.

I have researched thousands of businesses over the years, and it never fails, those that are hyped never last. You have to have a product which stands on its own without the business opportunity, and if you start there in your search, then you have a good chance for long term success, not the usual flash in the pan hype deals we all are sick of.

Good luck to all, Mike

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WARRANTIES4LESS
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# Posted: 9 Mar 2008 12:02
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Update:

Nice, now Warranites-For-Less has added a $2,000.00 bonus cash card with every purchase of extended warranty. For a pre-launch to be adding more incentives before they even go mainstream is impressive, so this is a good sign of things to come. Stay tuned, and since it is free to register, how better to stay in tune than to register.

Good luck to all, Mike

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gamesofskill2
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# Posted: 9 Mar 2008 18:08
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I have actually heard of warranties for less. Only about 1 month ago. Today is my first day seeing and hearing someone else's opinion on the program. I thought the company was still in prelaunch. So how in the world can you make money on a product which has not been released yet.

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AF1
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# Posted: 9 Mar 2008 23:50
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I would suggest waiting until the actual retail side of this business becomes available. Signing up affiliates right now puts no cash in your pocket. In order to qualify for income you have to sell or purchase at least one policy. Right now you can't sell any. If your affilate purchases a policy, you get no cash for it. Even when they purchase their policy, that $500 commission will just be deducted from their payment. So right now, the company is making money from affilates buying a policy, in the mean time you sit and wait until they decide to make it available for you to sell to customers.
My question would be, why start marketing a program when you don't even have your website up and running 100 percent. Right now it's strictly, sell to affilates only. It's a wait and see. No harm in signing up, just can't make any money yet. I suggest you tell your signups the same thing. Don't purchase until the retail side of the business is active. Don't get me wrong the concept is good, just that all the fine details aren't complete. Once again the only people making money right now is Warranties For Less.[i][/i]

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AppealMarketing
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# Posted: 10 Mar 2008 13:25
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Hello gamesofskill2 & AF1,

You can sell warranties to non WFL associates right now. You just have to get their info and input it into your back office to generate the warranty. If you paid in full for your warranty, you can be making payable commissions on all that have paid in full for their warranties in your downline. On financed warranties, commissions are paid out at 40 days, 80 days & 120 days, which is very good considering NO Credit Checks are done. I chose option "D", so you are correct, my $500 commission goes towards the warranty and all commissions earned will go towards my warranty until it is paid off, then checks will be coming directly to me. One other reason to not wait for your warranty (if you need one, I did, car with 80K miles and have to keep it 3 more years) is that you will retain all your downline underneath you, for people just getting in, they would have too many yet, but I got in early (#131) and have over 1770 members in my binary downline. I have been on all the webinars, which give you alot of info. And remember, the company has to make money or no one will make money.

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# Posted: 10 Mar 2008 13:54
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Quoting: AF1
I would suggest waiting until the actual retail side of this business becomes available. Signing up affiliates right now puts no cash in your pocket. In order to qualify for income you have to sell or purchase at least one policy. Right now you can't sell any. If your affilate purchases a policy, you get no cash for it. Even when they purchase their policy, that $500 commission will just be deducted from their payment. So right now, the company is making money from affilates buying a policy, in the mean time you sit and wait until they decide to make it available for you to sell to customers.
My question would be, why start marketing a program when you don't even have your website up and running 100 percent. Right now it's strictly, sell to affilates only. It's a wait and see. No harm in signing up, just can't make any money yet. I suggest you tell your signups the same thing. Don't purchase until the retail side of the business is active. Don't get me wrong the concept is good, just that all the fine details aren't complete. Once again the only people making money right now is Warranties For Less.[i][/i]


Good question,

This is only pre-launch, so the sales being made are by our own distributors at this point, and given there is a 40 day delay since there is a 30 day money back guarantee, only a few have been paid to date, and most will be on their own purchases, as was the case with mine. The back office shows future earnings, so although we have to wait an initial 40 days, we are earning during pre-launch, but this is barely scratching the surface of what we will all be earning shortly.

Good luck to all, Mike

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# Posted: 10 Mar 2008 19:01
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Thanks for the reply. Like I said it seems like it can be a great program, but would have made more business sense to have had everything up and running from the get go. Not just half of the business. They also done away with the 75 percent refund deal they had. Guess someone told them it wasn't such a good idea. Being that even if you called for a tow, that would have counted as using the warranty, so the 75 percent refund would be null and void. The $2000 gift card is being used to replace it. What it could be used for, have no idea. Would like to see something on the website explaining that one.

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# Posted: 10 Mar 2008 19:46
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Good point,

No doubt the refund offer was no big deal given few would qualify for it to start given this is targeted to higher mileage cars which obviously need a tow or jump start more often, so it was designed to look more valuable than it was.

Personally, the way the $2,000. gift card is shaping up, if all is true, it is a real value in excess of the refund, so I will hold onto my comments until I see all the details on it. I think it is a better incentive than a potential refund in five years, and who would even care given everyone has to earn more than the cost of their own warranty ten times over in same time with no sales, so I think it was a good move.

Good luck to all, Mike

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# Posted: 10 Mar 2008 20:26
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Thanks Mike

Noticed on the website they posted a FAQ page. One point they brought up about being able to cancel the warranty. They mention having them read a sample copy of the contract before purchasing. Has anyone given you a sample copy of the contract to have available for viewing? They also show a picture of the gift card, but no explanation as to when it will be issued and what it can be used for. I guess it's a wait and see for now.

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# Posted: 10 Mar 2008 23:35
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Quoting: AF1

Noticed on the website they posted a FAQ page. One point they brought up about being able to cancel the warranty. They mention having them read a sample copy of the contract before purchasing. Has anyone given you a sample copy of the contract to have available for viewing? They also show a picture of the gift card, but no explanation as to when it will be issued and what it can be used for. I guess it's a wait and see for now.


Yes, there are ongoing enhancements to site with more and more of the information most are asking for. I purchased warranty, so I got the read it over before actual purchase as it popped up to review, but now they are adding it to site to pdf copy and send to people. They were discussing putting up for all to see, or have distributors control for retail sales, so I don't know which way, or if both will be added yet. We will know this week.

As to the gift card, it is suppose to be a real cash incentive card with significant savings over and above regular prices, so we are all waiting for the full details, also due this week. A few updates were added today, more tommorrow, so stay tuned, a lot of suggestions came in this past few weeks, and that is what pre-launch is all about. The new retail site is what I want to see up and running as I have several sales pending, but I don't want to get involved with taking credit card info given all the recent credit card fraud happening more and more, so I am waiting.

Good luck to all, Mike

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# Posted: 11 Mar 2008 22:22
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I can understand what you are saying about the credit card situation. But we are going to have people who do not have a computer at home and may have to rely on us to input their information for them. I am already preparing a form for them to complete. But it would be nice if they would provide a list of vehicles that will have the $150.00 sur-charge. So that the customer will know right up front when we present this to them. Unless you have a laptop computer with you, with an internet connection, at the time of the sale.

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# Posted: 11 Mar 2008 22:49
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Quoting: AF1
I can understand what you are saying about the credit card situation. But we are going to have people who do not have a computer at home and may have to rely on us to input their information for them. I am already preparing a form for them to complete. But it would be nice if they would provide a list of vehicles that will have the $150.00 sur-charge. So that the customer will know right up front when we present this to them. Unless you have a laptop computer with you, with an internet connection, at the time of the sale.


Good point,

I personally am not interested in door to door sales, so I won't have this issue, but I am sure others will. You could carry a laptop with wireless card if you were going to be a real door to door salesperson, but that's not my thing, direct sales is good money, but I look at the leverage angle for long term residuals.

As to surcharges, this is only $150. across the board now, so in my case, I had paid a $300. surcharge for BMW, but now getting a $150. refund, so that was nice surprise. Only highline foreign and 4X4 will have surcharge, so not a real issue once you get familiar with all details and retail brochure will list these fees.

Good luck to all, Mike

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# Posted: 11 Mar 2008 23:18
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Not really talking door to door sales. I have created a sign for my vehicle and also put together a nice flyer with my contact info. Very easy to see an older car, which you can assume no longer has a warranty, place a flier on the windshield. Also, if someone reads the sign on my vehicle and wants info, I will have paperwork in my van ready to hand out. Once again realizing not everyone has a pc at home. I think for now I would prefer to work this approach rather than building a team of affiliates. Get a steady stream of commissions in my pocket and see if this will be a long term project. You can get stuck with affiliates who just want to purchase for themselves to save money and never attempts to sell another warranty to anyone else or even bring on other affiliates. Test the waters and see if this company is here to stay.

But I have to admit I do have a problem with that $2000.00 gift card. How can they afford to give this out, plus $500.00 commissions on a $1995.00 policy. Even less if the person pays in full for $1795.00. Scratching head on this one......

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# Posted: 11 Mar 2008 23:33
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OK, I see, now we are on the same page, I use my Mobile LED Electronic Billboard in my car promoting WFL and so where ever I park and drive, I am getting in front of people, but I post my website and email with phone number. I have had people ask about it, but I just hand them my business card and if they don't have internet, which is rare, then I hand them a brochure and with ID, I suggest they can send check, but I won't take credit cards at this point until retail site is up, then if necessary, I will bring computer laptop and they can enter it in personally.

Good luck to all, Mike

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# Posted: 11 Mar 2008 23:38
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Quoting: AF1
But I have to admit I do have a problem with that $2000.00 gift card. How can they afford to give this out, plus $500.00 commissions on a $1995.00 policy. Even less if the person pays in full for $1795.00. Scratching head on this one......


Good question,

I was involved in industry years back, so I know there is a huge markup on warranties, and this is why car dealers push them so hard, they often earn more on the warranties than on the car they just sold. lol

That is why anyone considering a warranty should trust no one but themselves, and that is how I am promoting WFL. I know the card is worth about half the face value from a purchase standpoint as I have used these cards for other promotions, so combined with cutting out huge markup, I figure company has the numbers based on how many claims per plan is in force, so I trust they are making plenty after paying out commissions to us.

Good luck to all, Mike

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# Posted: 12 Mar 2008 01:11
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Thanks Mike for the responses. I asked my sponsor about having a copy of the warranty available for prospects to look over and he tells me that I shouldn't need one. I know if I'm buying a warranty, I'd like to see a copy of what I'm getting myself into. Especially if you are buying from an unknown company. I even told them that the updated FAQ sheet on the site, advises the prospect to ask to see a copy and that their Rep should have a sample copy available. Go figure....

I also made up my own business cards. Keep those handy in my van and on my person.

Have a great day, Steve

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# Posted: 12 Mar 2008 13:36
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Quoting: AF1
Thanks Mike for the responses. I asked my sponsor about having a copy of the warranty available for prospects to look over and he tells me that I shouldn't need one. I know if I'm buying a warranty, I'd like to see a copy of what I'm getting myself into. Especially if you are buying from an unknown company. I even told them that the updated FAQ sheet on the site, advises the prospect to ask to see a copy and that their Rep should have a sample copy available. Go figure....

I also made up my own business cards. Keep those handy in my van and on my person.

Have a great day, Steve


Agreed, we have suggested this, although the sales staff that sells direct never needs to show one, so I guess it is up to the person who is proficient at selling product can get around it. The brochure is pretty inclusive listing the coverage, so in my opinion, having a copy is better than not having one. The first time I saw one was when I purchased a warranty, and with 30 day refund period, it was not an issue with me.

Good luck, Mike

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# Posted: 14 Mar 2008 07:14
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It's great to hear all the positive feedback on WFL. Just a couple of quick notes to point out. I too have had great success so far with WFL. Here is what i've seen so far.

Give credit to the IT guys who have done a great job in just a matter of a few weeks to get the sites going. Keep in mine this wasn't even supposed to be up and running until later this year. When I got a call Jan 24th at 3:30pm est, only about 15 people knew there was a site up. It was supposed to be a test to see what people thought. But rumor spread so quick that in less than one hour later there were over 100 people who signed up. I was on the road when I got the call. By the time I got to my computer and signed up, thre were already 102 people signed up.

Since then I have sponsored 206 people.
My Binary has 2,305 people.
My 3 x 10 has 719 people
I have 42 sales in my group
I have earned $840 so far
I have a personal enrollee who just signed up 7 car dealers last week. I will earn residuals off every single warranty that they sell.

I recommend learning the true way to sign up car dealerships. That is what we will be teaching Sunday on our team call. If you learn this way and go out and do it, I believe you can make $1500 a month easily off one dealership. All you got to do is go by and give them doughnuts every now and then.

So keep in mine, there's three parts to this business.
1. Having dealerships sell it for you. ( They already know how)
2. Sell it yourself. (Put a car magnet on your car )
3. Build a organization to sell it for you. (Train them to sell to car dealerships)


If you sign up just 1 car dealership a month, in 90 days your income could be over $4500 a month! And your doing nothing but bringing them doughnuts every now and then to keep them selling.

You should never approach a car dealer with the warranty approach. You look like a salesmen. You approach them with the "your losing money" approach. If you do it right, YOU WILL SIGN THEM UP EVERYTIME!!! Be on the call SUNDAY. If your not part of our group, then send me an email and I'll let you listen in.

I'll post more on this subject later.

Helping Others to Achieve!
JV

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# Posted: 14 Mar 2008 07:33
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Good points,

Yes, I agree, this one has all the potential of being a huge winner given the recession and higher price of everything related to oil. This will play right into our hands as more poeple worry about their jobs, price of gas, car repairs as they decide to hang onto their vehicles longer, so I see this as recession proof business.

As to going to dealers, you really have to know the industry or someone in it to go that route. The salespeople may like it to send out a note to all their customers which are nearing the end of their factory 36/36K or 50/50K warranties, but dealer principals generally want most of the profits, and they already sell high profit extended warranties for the most part, many factory mandates.

What you want to do is get in front of as many average car owners as possible, so the mechanics are a better focus group which I have found more interested. The auto detail shops, car washes, and tire shops have been a huge success for me.

Used car dealers who specialize in higher mileage vehicles are also much better suited for our warranty given we accept higher mileage vehicles while our competition doesn't. Also, people selling cars, it is an ace in the hole for those who have no warranty left, just offering our deal to new potential owners may be enough to make sale. I know extended warranties sell cars, so don't ignore all the people selling cars too. I got the best reponse by posting a small ad in used car section of newspapers.

Good luck to all, Mike

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# Posted: 14 Mar 2008 11:50
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I agree.

Go after the "ma and pop" car dealers who do not have the backing that a big dealership would have. I'm not saying you can't get in the big dealerships, but it will be a harder sell. They have deals with the manufacturers warranty companies. The little guy does not have that privledge bacause they don't move enough vehicles.

Use the "added value" approach. They can offer a warranty with every car plus use the $2,000 gift card as an incentive to purchase NOW.. $500 a pop is a nice chunk of change to a small dealer. Just selling 2 warranties a week is an extra $52,000 A YEAR IN PROFIT.

It just makes sense to go after the car dealers because you don't have to teach them to sell it. ***example: if you own a company that fixes leaky roofs, who would you hire?? ROOFERS!
Same here. You don't want distributors, You want sellers! Who cares how many distributors you have. That means nothing! If no one sells then you don't get paid. Most networkers don't want to sell, they want to build. To me it just makes sense to get the money coming in first and then the building part will take care of its self.

More later.


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