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AF1
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# Posted: 14 Mar 2008 13:20 · Edited by: AF1
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reposted....
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AF1
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# Posted: 14 Mar 2008 13:29 · Edited by: AF1
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Quoting: jvco 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.
My feelings exactly. Earn that $500.00 commission by selling. That new distributor will be signing up to get their own warranty, save the $500.00 and get the gift card, then never hear from them again. How much have ya made? The used car lots, Mom & Pop repair shops and individuals willing to put forth the effort to sell this and earn the $$$$$$$ is who you want. JMHO !!!!!
Have a great day.......
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jvco
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# Posted: 15 Mar 2008 05:45
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Be on our special team call on Sunday and you will hear from one of my "sellers" (distributors). He is signing up car dealers left and right. His approach will more and likely make him over 10k in the next 60 days.
I hope everyone really gets this point. FIND "SELLERS"! Get the money coming in and then it will be easy to build your team. If you made a goal to just get one car dealership a month, you will have a huge income coming in.
Also, be a positive leader!! There are too many "whiners" out there. Usually the whiners aren't doing anything anyway. Go after confident people. Not cocky confidence but people who don't need their hand held to do something. Go after very busy successful people. They know how to get things done.
If anyone needs the number for sundays call (mar 16th), give me an email at [email protected]
Talk to you all later,
JV
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WARRANTIES4LESS
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Joined: 20 Feb 2008
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# Posted: 16 Mar 2008 13:01
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Interesting,
Nice to read how many are growing their business and the different stratiegies. No doubt in my mind, all the suggestions have merit, but like everything, different strokes for different folks. lol
Personally, from my decades in business, most people can't sell, and most hate to be sold, so when I look at networking, I take this into consideration. FREE is the most powerful word in sales industry, so I like the strategy of FREE distributorships with WFL. This is the first step to a sale, and even though some think it is not who you want to go after, I disagree.
Simply put, most will never make a single sale in their home businesses, and this has been true since MLM first started. Sad, but true, so whenever I even look at any programs and evaluate them, I look at a program which 99% who can't make a sale can succeed in without losing a dime. How many programs fit this catagory? Very, very few.
Signing up FREE distributors is setting you up for success, it is as simple as that. Sure, I could focus on sales at this point, and it will put money into my pocket now, but I don't look at now as much as I do, next year, the year after and next decade. Being short sited is not where the real money is in WFL.
Granted, sales is where the money is, but I look at things differently and I would prefer to have a tens of thousands of distributors sharing the concept rather than a couple super salespeople. This is the unique aspect of WFL, you can indeed easily have tens of thousands of distributors, and if each has no potential of losses, no obligation, no purchase required, the will not drop out, and attrition is the number one killer in all MLM's, so WFL is indeed different concept.
If you look at the facts, and as most who have been in MLM for years, you know how many fail to do anything, but with WFL, with thousands under you, how many will trip over a sale, if not their own purchase, a friend, relative, associate at work, even a stranger, and why, because they are not selling it, they are simply telling it, big difference. Sure, it may not happen instantly, but when these thousands of people wake up to the power of ths hybrid compensation plan, where anyone can succeed, lets all compare results a year from now on strategies. lol
Good luck to all, Mike
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AF1
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# Posted: 20 Mar 2008 23:54
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Different strokes for different folks:
No problem with signing up affiliates, build your team. But make sure they do not purchase their policy right away. Have them sell 3 or 4, to get the cash in their pocket. Then once you get your commissions in hand, go ahead and make your purchase. If your affiliate buys, most likely they will not pay for it up front. So therefore, any warranties they sell, commissions goes to paying for their policy. So if all your downlines do the same thing, it will be months before you see anything in your pocket. Especially if you bought one yourself.
Recruit them in, have them sell, get money in hand first, before you buy your own. Use your commissions to pay for it in full minus your $500.00 commission plus minus $200.00 for payment in full. Then collect your $2000.00 gift card to boot.
Car lots will love this. They won't be selling affiliates, but warranties, and they will sell it for complete payment at time of the sale. They will want their commission in full in 40 days. Therefore you will get your commission a lot sooner than later.
This will be the test of time. Commissions being paid out to affiliates for selling and not be credited to their account for buying and not receiving any commissions until their policy is paid for. Multiply this by a few thousand affiliates. Commissions having to be actually paid out and not credits.
JMHO
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WARRANTIES4LESS
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# Posted: 21 Mar 2008 09:01
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Interesting,
I don't know about the "make sure they do not purchase their policy right away"??? How would you do that??? The key to success in any business is people, and the more poeple, the more potential that they will need an extended warranty, so why would I want to make sure they don't purchase policy right away?
I am building a team first, as I always look for long term results, not the usual flash in the pan deals which are here today, gone tomorrow. This is a about numbers, the more you have spreading the word, the better your sales will be. Granted, some need money immediately, and maybe they do need to sell a few to pay for their own, but with no interest low down payment option, I can't see why anyone would not want to make a purchase as soon as they could, and then let the numbers work to make the payments.
If everyone did this, as example, they would certainly be earning more than the monthly payment to cover their own warranty, so I don't see why I would want to tell them not to purchase right away. The sooner a purchase is made, the better it will be for everyone, and at this point, following the above strategy, everyone will be earning an income sooner than they will not purchasing. I would not want to give up the managers matching bonus for even one sale in my group, and given the credit card payment is not due for up to 45 days, buying immediately is the smart decision in my opinion.
Good luck to all, Mike
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WARRANTIES4LESS
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# Posted: 4 Apr 2008 07:39
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Update:
Management is listening to our input, and this is rare in this business. With the only true hybrid plan in the industry combining the best attributes of the binary, forced matrix, uni-level, direct sales, and now the infamous 1-up is employed in system covering every known compensation plan in the industry, all rolled into one.
Simply put, those on the fence will have a decision to make until April 15th if they want to earn the $500. commission on their own personal sale. After that, it will roll up to the workers above, being paid to the first qualified distributor above you, your sponsor or above, so like the 1-up, this new feature rewards those who are working the business, and I like that for it will allow us all to earn even more given only one sale qualifies you for a full year.
Good luck to all, Mike
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WARRANTIES4LESS
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# Posted: 22 Apr 2008 09:50
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Update:
Just brought on a woman who was selling to AAA members, and she said most members did not qualify for her companies warranty, so she found WFL and can now accommodate all those people who were turned away, so for those who are advertising, target all the AAA members who could not get an extended warranty through their membership at any price. Gold mine out there for what we offer, just try it to see for yourself.
Good luck to all, Mike
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TJamMoneyMan
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# Posted: 22 Apr 2008 11:11
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WARRANTIES4LESS: Gold mine out there for what we offer, just try it to see for yourself.
well mine that gold u lucky guy!
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WARRANTIES4LESS
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# Posted: 28 Apr 2008 07:35 · Edited by: WARRANTIES4LESS
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Update:
Looking good, it appears AAA members are a goldmine. I was using PPC adwords and got top billing under AAA for .10, and then AAA saw my ad next to theirs and they were already on top, obviously, then they too put in adowrds ad and bumped anti to $10.00 per click. Makes you wonder what they are afraid of? LOL
I was promoting the $2,000.00 Cash Gift Card to all AAA members and I ended up with a few sales in first couple days, so evidently from my research and in signing up a former AAA warranty agent which handled AAA members only, Warranties-For-Less offers a better deal, in fact, better because we offer a program for older vehicles which seems to be a dominant factor with AAA members.
They have roadside assistance as their lead in to other products and services, one being extended warranties. We are reverse, we offer warranties and then include roadside assistance and towing. Since our warranties cost less, even without the $2,000.00 cash gift card, and we offer coverage to more vehicles, and since most members have older vehicles, this is why they were so defensive with adwords bid. Live and learn, thought I would share that little tidbit with everyone.
Good luck to all, Mike
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annadenise
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# Posted: 1 May 2008 16:36
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Mike, so if someone joins now and purchases an extended warranty, they will not get the $500 commission on their own policy - re: your post regarding 4/15/08 changes.
Who is the company underwriting this? I saw it was A rated but not the name.
When will this officially launch? Thanks!!!
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WARRANTIES4LESS
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# Posted: 1 May 2008 17:12
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Hi Denise,
Yes, the change was made to reward those who were in while pre-launch was ongoing, so now the personal sale is a technical 1-UP where first sale goes to sponsor as we prepare to launch on June 1st. Sales have been ongoing from start even in pre-launch, in fact, over a million dollars in sales were already generated, so it suprised everyone. Guess many of us needed extended warranties, I know I did. lol Since retail site only went up a couple weeks ago, all the initial sales were to distributors, so imagine the growth this month, pretty amazing.
As to insurance, we are using Great American, but are changing over to larger company due to new projections of initital sales, and Great American got a little nervous, so we are also using another Multi-Billion dollar, A Excellent rated company, General Fidelity Insurance Company, so check them out. With WFL projected to do potentially $50/$100 million this year, so management had to stay ahead of growth curve.
Regards, Mike
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WARRANTIES4LESS
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# Posted: 3 May 2008 12:34
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Update:
Just when you think it can't better, it does, stay tuned, new announcements are forthcoming after this past weeks brainstorming meetings of leaders. What I like most about Warranties-For-Less is they listen to suggestions from all of us.
A new free car program is being introduced, plus $100. fast start which is made immediately, not have to wait given our unheard of 30 day money back guarantee period, so this just keeps getting better and better.
Good luck to all, Mike
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Sundance
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# Posted: 6 Jul 2008 16:40
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What about the warranty it's self, is it any good? Does it actually pay for the repair cost or a flat rate of what someone says it will cost. And the car rental, I have had these before where they tell you the repair should take 2 days and that is all they pay for a rental car, when it might take 5 days for the repair to be completed.
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TJamMoneyMan
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# Posted: 7 Jul 2008 22:19
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Sundance: What about the warranty it's self, is it any good? Does it actually pay for the repair cost or a flat rate of what someone says it will cost. And the car rental, I have had these before where they tell you the repair should take 2 days and that is all they pay for a rental car, when it might take 5 days for the repair to be completed.
excellent points!
any answers?
are they REALLY gonna cover ALL the repair expenses on a clunker?
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WARRANTIES4LESS
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# Posted: 7 Jul 2008 23:16
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Sundance: What about the warranty it's self, is it any good? Does it actually pay for the repair cost or a flat rate of what someone says it will cost. And the car rental, I have had these before where they tell you the repair should take 2 days and that is all they pay for a rental car, when it might take 5 days for the repair to be completed.
Good question,
Fortunately, I have not had to use warranty to date, nor do I know anyone personally who has, but I do know this, bad news travels faster than good news on the internet, so with no complaints, I would suspect the odds are very good that all claims are being paid properly and in a timely manner.
As I understand it, the rates are the same as all warranty companies pay, so it is flat rate book, the same book all mechanics use these days. Personally, I don't care what rate the mechanic is using, as long as company pays, that is all I care about.
As to rental reimbursement, of course there are limits, again, just like all warranties which offer rental clause, the repair time is from the book, so don't think you will get reminbursed for more than couple days, unless breakdown happened on a Friday afternoon, and shop is not open weekends, so this would entail an extra day or so reimbursement.
This is not a new company, it is a new division under AWS, so again, when you do a search, you won't find any unpaid claims being tossed about from anyone. This is not always the case with all extended warranty companies, so I feel confident in management, and the reinsurer which insures long term commitment of owners. Research the owner, Google Scott Hirsch, he will impress most with his business credentials and success, so I feel confident this is the best warranty on the market.
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USA1950
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# Posted: 14 Aug 2008 04:53
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Took your advise there Mike and did a Google Search
What they don't tell you about Scott Hirsch in the company profile
He was the founder and CEO of the Internet Video Group and thegirlshouse.com. He is widely credited as the first proprieter of live, intercactive adult entertainment over the Internet in 1996
Why do spammers flood the Internet with ads nobody wants to read? Because some people do read them, and a tiny fraction actually respond � which in the world of direct marketing is like money in the e-bank. Take former spammer Scott Hirsch of Boca Raton, Fla., who sold his e-mail marketing business last year for $135 million and retired at the age of 37. Florida is home to more spammers than any other state, and Hirsch � who started his first bulk e-mail list way back in 1996--likes to take credit for helping make Boca Raton "the spam capital of the world." [i][/i]Hirsch filled his mailing lists with the e-mail addresses of people who had "opted in" by checking (or forgetting to deselect) one of those ubiquitous boxes on website order forms. "When people want to receive [e-mail]," he explains, "you get a much higher return."
Hirsch started the first ever internet-based opt-in data collection process during his early ventures in cybersex. He entered the commercial email marketing business aka the spam game in 1998 when he founded eDirect, which later merged with Naviant.
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WARRANTIES4LESS
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# Posted: 28 Aug 2008 07:58
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Good points,
Scott is a true entrepreneur, he is first, and he goes after market like no other I know. He is extremely successful, so one thing I have learned over the years is to do what the most successful people do, and it has never failed me.
He is also a professional boxing promoter, Shannon Briggs won title under Scott's management, so again, he sets his goals, then exceeds them, and I like that. It also helps to have a person with deep pockets to follow, he likes to succeed, so he is driven, so as a leader in this industry, going discount wholesale direct is a great strategy for warranties given this is a high profit industry.
As to email business, now referred to as spam, he was smart enough to capitalize on what was hot, just as I have over the years working online, but look at the bulk email industry now, it is toast, so Scott sold at top of industry, smart man to see the future in marketing and know when to get in and when to get out. lol
Prospecting for customers is what it is all about, and with bulk email, and to a large extent, permission based email in the toilet, you have to understand markets and be able to adjust, so this is what Scott understands better than most. Plus, he is involved in his businesses, and driven to succeed, so watch WFL become a billion dollar business in a couple years. Everyone is in good hands with Scott at the helm.
Good luck to all, Mike
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USA1950
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# Posted: 30 Aug 2008 15:55
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Mike
Good Points
Why then doesn't he get the people who are responsible for keeping one of the important parts of the business up to date. The website.
In previous post you have stated, and it's been awhile since the following changes had been made.
1) $100 advanced payment. (Not stated anywhere in the compensation plan or stated in presentation)
2) One Up Program. Sponsor gets your first sale commission. ( Not stated anywhere in the compensation plan or stated in presentation)
The company also promoted on the site and in previous presentations a big company outing, which was to happen this weekend. Baseball camp, golf outing, cruise and giving away a hummer. ( I guess people didn't much care for the hype, and didn't start buying warranties to qualify for the goodies) This was removed from the site and never mentioned again and from what I was informed never advised members that it was all canceled.
Same thing pretty much happen when they decided to change the purchase options. It started with 4 options available. Members had option to purchase a warranty for only $158.00 down. This apparently was very popular, but, it wasn't bringing in cash fast enough so that the commissions could be paid out on time. So a deadline was set for April 14th to have members convert their warranties to full pay at a cost of only $1795.00. After that if they wanted to convert over it would cost them $1995.00 plus $59.00 admin fee. What a great way to treat them. Once again the response must have not been that overwhelming because the company dropped 2 of the payment options to insure that there would be enough cash flow to cover commission payouts.
You may and probably will come back and say that the company has the right to make changes that benefit the company. Well that's true, but, it's also their legal obligation to insure that things such as compensation plan be presented and posted up to date with all the particulars. Above changes has been stated months ago and still not updated. If it's not in writing it's meaningless. You being one of the Master Distributors of the company, therefore a representative of such company, stated these updates. I would think that you would want these changes made on the site, otherwise you could be very well implicated in making false and misleading statements regarding the compensation plan.
Your quotes:
5/3/200/
A new free car program is being introduced, plus $100. fast start which is made immediately.
4/4/2008
Simply put, those on the fence will have a decision to make until April 15th if they want to earn the $500. commission on their own personal sale. After that, it will roll up to the workers above, being paid to the first qualified distributor above you, your sponsor or above, so like the 1-up, this new feature rewards those who are working the business, and I like that for it will allow us all to earn even more given only one sale qualifies you for a full year.
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WARRANTIES4LESS
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# Posted: 31 Aug 2008 10:54
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Good points,
If you were involved from the start, you would know this was pre-pre-launch, so like all new companies, or in this case, a new division, there are incentives to get the ball rolling, so this is exactly what we had offered to us. The $500. rebate on our own purchase was just that, and incentive for first distributors, and many took advantage of it as I did.
Now, to bring us up to date, Scott cleaned house for many of the points on web site and how it was not being taken care of was an issue I had, and many of us made it known to management. Again, Scott put people in place to handle this pre-launch period, and it was not going as smoothly as he wanted. Needless to say, having started and owned several businesses, I know all about what he was going through.
Changes were made and we have a new CEO, and many more enhancements forthcoming. As to hype, I agree, as many of us did, it is too early to talk about conventions and sports camp jamboree. lol Needless to say, not many voiced interest, and this was another reason why management was changed, hype can only go so far, and the majority of us who were with company from start voiced our opinions and displeasure with former managements launch strategy.
As I see it, with the best compensation plan, solid verifiable value of warranty, exploding market given most people cars are now being kept for 9.2 years, and out of warranty, and with recession, more people are concerned with control over unexpected repair expenses, so I see a solid long term business opportunity, and there is no need for hype and conventions at this point. There will be more enhancements made shortly, but the only thing that has changed is the first to join incentive which went away as it was announced months ago. Since that one change, no other compensation adjustments have been mentioned.
Good luck to all, Mike
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TJamMoneyMan
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# Posted: 31 Aug 2008 12:30
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WARRANTIES4LESS: As I see it, with the best compensation plan, solid verifiable value of warranty, exploding market given most people cars are now being kept for 9.2 years, and out of warranty, and with recession, more people are concerned with control over unexpected repair expenses,
That's what MY question was about.
I wonder how many folx with 10 ++ year old cars are buying into this, and what kind of insurance they/we can expect.
And nowadays, people are keeping even those 1980's on the road!
Are they really gonna pay out the grand or so it would cost to rebuild an engine on these 'vintage' automobiles? Or the high price of drive train repairs?
I don't know, because no one here has presented an answer to that one so far...
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USA1950
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# Posted: 31 Aug 2008 15:38
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TJamMoneyMan
Good points.
Not sure there is any way in which we can get that answer, unless we had access to the insurance company who is underwriting this policy, or being able to view the actual policy itself. When you purchase this type of warranty from a dealership you have an opportunity to view the actual policy before deciding to make the purchase. With this plan they refuse to let you view a copy, stating it is standard practice not to.
As far as finding out if they are actually paying the cost as stated, unless someone files a complaint with the BBB, we can only assume that they are actually meeting their obligation.
Mike
Thanks for taking the time to answer the concerns that people have. I know for fact that you have folks in your organization, who would not give this type of feedback, but would only respond to us by saying "This business isn't for you then" or "you got no skin" if you didn't purchase your own warranty. If you don't need one, why purchase it for the sake of just getting qualified.
This is not an easy sell and no guarantee when and if you will be making that first sale.
We have to realize that the people right now who are looking for an opportunity to make more money to get out of a rut are the vary ones who cannot afford to put another payment onto a credit card, or drop a $350.00 down payment. This is offered as a no cost business opportunity and when people get into this, they have to realize that the people they need to pursue to sell this service to are the ones who are not in dire straights. The folks who can afford to add to their credit card debt. Folks who can put $350.00 down and not hurt their family budget.
So for anyone looking at this opportunity and seeing the nice numbers being offered, commissions, bonuses, must also keep in mind that it's not going to be easy and it's for sure not an internet only type business. You will need to go out and do face to face selling. "Network Marketing", people to people skills will be needed and put to the test.
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TJamMoneyMan
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# Posted: 31 Aug 2008 17:25 · Edited by: TJamMoneyMan
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USA1950: We have to realize that the people right now who are looking for an opportunity to make more money to get out of a rut are the vary ones who cannot afford to put another payment onto a credit card, or drop a $350.00 down payment. This is offered as a no cost business opportunity and when people get into this, they have to realize that the people they need to pursue to sell this service to are the ones who are not in dire straights. The folks who can afford to add to their credit card debt. Folks who can put $350.00 down and not hurt their family budget.
AMEN!
USA1950: So for anyone looking at this opportunity and seeing the nice numbers being offered, commissions, bonuses, must also keep in mind that it's not going to be easy and it's for sure not an internet only type business. You will need to go out and do face to face selling. "Network Marketing", people to people skills will be needed and put to the test.
AMEN AGAIN!!
USA1950: When you purchase this type of warranty from a dealership you have an opportunity to view the actual policy before deciding to make the purchase. With this plan they refuse to let you view a copy, stating it is standard practice not to.
Is that true?
If so, my mind is made up!
(what's left of it anyway... )
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USA1950
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# Posted: 31 Aug 2008 20:32 · Edited by: USA1950
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TJamMoneyMan
For the last item, regarding the actual viewing of the warranty itself, they give you 30 days to decide if you want to keep it or not. So then it's a matter of getting your funds returned if you decide not to keep it. Not sure how they are rated as far as giving refunds.
This again would be another BBB search item.
It has been requested in the past, to have a copy forwarded to sales affiliates and that request was denied. It was at one time also mentioned in their FAQ page, that the customer should ask their sales affiliate to show them a copy of it before purchasing and that has since been removed.
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WARRANTIES4LESS
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# Posted: 31 Aug 2008 23:04
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Correction,
Anyone who asks me for a copy of contract before they put down deposit, I will send it to them, it is rather basic, and again, with 30 day refund guarantee, some feel it is not necassary, but I asked to see it before hand, and got it, so I don't see this as an issue, if your represenative is serious about business. I carry one with me, so it is all about being prepared and operating your business as a professional.
I personally don't sell it, I just tell it, and then suggest everyone register as a free distributor and get comfortable, then purchase from yourself, this is the easiest way to present it in my opinion. It may not be the quick income, but then again, I am a long term business builder, so I could care less about the fast money, it is building just as I expected it would, so I am happy.
The same is true about insurance company, the name is easy enough to find if you are a free distributor, but it is not out there for thousands to call who are curious only, so again, I have copy of insurance company who backs it, and they are AAA rated, so I am not concerned. As to your standard due diligence, it is easier to do as a free distributor, so no rush, no hard sell, that works perfect for me.
Good luck to all, Mike
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USA1950
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# Posted: 1 Sep 2008 05:26 · Edited by: USA1950
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WARRANTIES4LESS: but I asked to see it before hand, and got it, so I don't see this as an issue, if your represenative is serious about business. I carry one with me, so it is all about being prepared and operating your business as a professional.
That's my point. I guess you where one of the lucky ones. A request had been made to have a copy available in PDF format, but Bill Holderby turned down the request stating it's not industry standard. Soon after this was stated, it was removed from the company FAQ sheet. It clearly suggested that a customer request to see a copy from their sales affiliate before making a purchase. So apparently the new CEO/President does not share your same view point as regards to being prepared and operating as a professional.
WARRANTIES4LESS: The same is true about insurance company, the name is easy enough to find if you are a free distributor,[i][/i] but it is not out there for thousands to call who are curious only, so again, I have copy of insurance company who backs it, and they are AAA rated, so I am not concerned.
WARRANTIES4LESS: so we are also using another Multi-Billion dollar, A Excellent rated company, General Fidelity Insurance Company, so check them out.
As you can see here, you already provided that information freely. You even suggest checking them out.
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WARRANTIES4LESS
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# Posted: 1 Sep 2008 09:24
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Agreed,
When Bill was just a distributor, he felt it was not needed, but from his perspective, as a successful MLM recruiter, this attitude was to be expected, after all, he follows the set pattern of most who have seen success, follow the leaders blindly. lol
Personally, I am not of that mindset, but we all know many are who have large downlines they shift over to the next greatest deal, so rest assure, many have complained about many of the start up issues, this included, so we shall see just how much things will improve over the coming months as all the feedback is digested from the distributor base.
I can relate to the issues of defining what is best for all, and having a copy of contract was more an issue of buy it before you try it, which in MLMland is typical. The reality is, MLMland has never entered the extended auto warranty before, so as with all new strategies, there is a learning curve for everyone. They were using the model of direct sales which deals with prospecting leads of those who are requesting more information on warranties, and that division was not using the contract presentation, just the telephone, and was extremely successful, so you can see why the statement was made that no one needed to see contract before they paid, since the same 30 day right to cancel was offered to everyone.
I know for a fact people in my downline who cancelled for whatever reason did get fully refunded as I saw the deduction in commissions in my back office, and I know one who wrecked his car asked and received a full refund, so it does not appear to be an issue. In fact, when you scan for any negative news, I have not found any, and this includes the direct sales division. We all know bad news travels faster than good news on the internet, so if anyone was not getting refunded or paid, we would all know about it.
One forum owner, which I won't post, he had it out for one of the first lead distributors in WFL, and perhaps it was justified in his opinion, but he tried to smear the whole company over one distributor, and if you happen upon that thread, it died once it was posted who owned WFL and there was no dirt that could be verified, so thread died. Like I said, bad news travels faster than good news, and some forums like this support attacking companies as it increases posts, hence, site revenues. Talk about biased forum administrators, makes you wonder. lol
Bottom line, I say it like I see it, and as I look for companies who are first with new concept, product or service first and foremost. Yes, there is more risk, but being in my own businesses for years, I look for long term opportunities, not the usual hype and flash in the pan types we are all very familiar with in this industry. I probably do more research than most, but that is just that I am more conditioned to traditional business protocol than I am to MLM industry.
Given WFL division was a new division of a traditional business model, it was easy to check out the history and relationship in my due diligence. Most MLMers never do what a traditional business opportunity prospect will do. Again, heard mentality is typical with MLMers. I share whatever I find with anyone who asks. When you have nothing to hide, as was the case here, I felt good about the long term future of business, and I expected a few hiccups, so as long as they are addressed, as they have been, I feel good about WFL as a long term business opportunity. As I always say, if it grows to fast, it will never last, and WFL is on a solid growth track which is what I like to see.
Good luck to all, Mike
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USA1950
Member
Joined: 14 Aug 2008
Posts: 37
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# Posted: 1 Sep 2008 14:28
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Once again, thanks Mike for the timely feedback. I can see that you have the passion to make this work and that yes there are mountains to climb. But I guess one can still say that with all the experience that was there to help get this business started up why didn't Scott get involved in the process sooner than later. I guess no one will ever know why. But hopefully he has a handle on this and will keep a more careful eye on the individuals that he has appointed to guide this venture in the right direction.
But honestly, having an individual with a MLMer mindset,is not the way to go. This business is not like the typical MLM business, such as selling power drinks or vitamins. At least in those businesses, if your customer is satisfied with the product they will return on a monthly basis and therefore you have your monthly residual income. In this particular business you don't have that sort of customer loyalty. Once they purchase a warranty that's it. You collect your commission and whatever bonus you qualify for and basically that's it. Now you have to rely on your down line to continue making sales every month to keep the stream of income coming in. You yourself will also have to continue to sell this product to have any sort of income coming in if your down line is not producing. So there really isn't any residual income coming in as to the traditional meaning of residual income as set forth by MLMers. Just as in the Insurance industry, as long as a person keeps their insurance enforce and they keep making their payments, the insurance agent will keep getting his monthly residual payments along with his new business generated. But if this insurance agent has generated a large customer base, he or she can actually retire from the business and still earn a monthly income. Not many folks cancel their life insurance. But as with this business model, once the selling stops so does the income. Hope you can see where I am coming from.
As far as "I don't sell it" but " I tell it". If you knew that you where not going to benefit financially by "telling it" you wouldn't be telling it in the first place. So you in fact are selling it knowing you have something to gain by doing so. Example of just telling would be, you have a favorite TV program and you ask your neighbor if they have ever watched it. You have nothing to gain financially by promoting that TV program. You may have given your neighbor another reason to sit in front of their TV set. LOL But when you have a product or service you are involved in and you speak to them about it, you are actually in the selling process, otherwise you have no reason to bring the subject up to them.
Thanks for the friendly banter. Have a great Labor Day
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 218
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# Posted: 1 Sep 2008 15:39
Reply
Good point,
Yes, I can see why you would question why Scott would not have gotten more involved sooner, so I will tell you having owned several companies over the years. You have people in place who have the responsibility to do what the CEO does not have time to do. Sadly, those who were responsible were not up to the task, and I was one who voiced my opinion on this from start.
A good CEO listens to distributors and customers and will react to correct issues, and this is exactly what was done. I wish he would have stepped into operations sooner than he did, but like any good CEO, there is a procedure of collecting all the data first, analyzing it, and then acting on information, and again, this was done. If it were not done, I wouldn't be here posting on WFL.
As to your point on residual income, you really need to know and understand the compensation plan to see it does have a very strong residual income attached to it. Yes, it looks like it is a one sale deal, but it has a residual derived from all sales in your group, and this is not easily understood unless you really dive into comp. plan. Trust me, there is a long term residual along with a strong direct sales income.
In addition, this is only the first of many products and services that will be offered, but I cannot go into them here, but again, trust me, we have not even scratched the surface of increasing the potential residual income when other products are added, as well as lower cost offerings, and consumable just to mention a couple points.
When I say I don't sell it, I tell it, I was referring to my strategy of telling people I contact to register as a free distributor only, not purchase the warranty, so there is no selling, I am just telling everyone to register for free distributor option. I call it cultivating a future purchase, not selling, so I just wanted to clarify this for you.
I learned long ago in my first business that your customer base is your most valued asset. I cultivated my clients by offering free advice and guidance without ever trying to sell them up front. Most people I knew thought I was crazy, but I proved them wrong, you have to give to receive, that is the lesson. As example, I started as a forum moderator on AOL when they rolled out end of '87. I started answering questions on finance and leasing industry, and it turned into one of my most successful businesses, so give and you shall receive is a lesson I apply to this very day in all my businesses.
Simply put, I don't like to sell, I cultivate relationships, and when a person sees I am not trying to sell them, when I part, they are scratching their heads wondering why I was helping them with a solution to a problem, yet didn't ask for the sale. lol I could tell you stories on how this strategy worked in dozens of huge sales I have ended up making, but you get the point, it is not always about the product or service, it is about you, or in this case, me. lol
Different strokes for different folks, what works for me may not for others, but I knew how I liked to be delt with, and like most, I don't like to be hard sold or pressured. I contact people to simply join for free, then I am there answering their questions with no mention of selling them on product or service. I am cultivating trust, the most powerful sales tool ever used. (g) If you notice, WFL is free, so it fits my strategic business plan perfectly. Its-Your-Net, it too is free, Get-Paid-To-Stop-Smoking, also free to register as distributor, so I am not selling anyone, yet I have thousands who I got to know, and they got to know me, it is all about trust, not hype or wild claims of income like almost all others do in the home business industry, including MLM.
I hope I didn't bore anyone with details, but it is an important lesson most sales professionals are never taught, and never learn, so I thought it might help a few others looking for answers on how to make it in their own businesses. Hope you had a nice day as well, best of luck to you, and thanks for asking all the hard questions most never bother to. (g)
Good luck to all, Mike
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USA1950
Member
Joined: 14 Aug 2008
Posts: 37
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# Posted: 1 Sep 2008 18:59 · Edited by: USA1950
Reply
Thanks again Mike. If a person doesn't dig into things he/she will never get to fully understand what is in front them. I once again appreciate you being open to questions.
I firmly believe that these types of businesses are people to people businesses. There has to be a trust built before anything else can happen. It just so happens that WFL started off, due to poor management, on the wrong path. Doubts starting forming quickly when rapid changes where being made, which never really eliminated any of the problems and the hype started. I'd kind of figure that folks like yourself who ran and operated traditional businesses weren't to happy with what was happening. I know that ideas where being pushed up to the top, but apparently where falling onto to deaf ears.
I have been pretty much of a conventional worker. The 9-5 person, going to work and collecting a pay check. Except for my years in the military, the 9-5 didn't exist in my world. It was 12 hr shifts, 2 days on and 2 days off. So it has only been recently that I have decided to make a change. See if I can become my own person and not have to work to help someone get rich.
In the mean time I started reading up on what this part of the business world is like. Attitude and understanding people are two things I come up with that are important. Being honest and open are also top on the list. Desires also gets an honorable mention. Knowing what motivates people also plays a big part.
So I start looking at opportunities and see how management for one handles people. Are they responsive to questions and how do they respond to them. If they are giving very brief responses and tell you in so many words don't bother joining, you can then just turn around and leave or seek ways to get information from other sources such as this. But this doesn't mean that all those involved will respond the same way. It could be this one particular person just doesn't have a grasp on how to handle situations that require a more delicate touch.
I then look at what is being marketed. Is the product or service something that people actually need or a luxury. Vitamins and energy drinks are a dime a dozen. Something you can go into a store to purchase and in most cases find it cheaper and you avoid shipping cost. Others promote nothing but programs that are suppose you help you succeed in business, these once again are a dime a dozen. Everyone is a guru of some sort. So I want something that is necessary. Something that will help families out. The other thing to look at is will this product or service stand the test of time. Is it a novelty item or something that will be required to have. In this case, it's a required item, but not by everyone. There are some that if their vehicle has a major break down they will just scrap it, while others have no choice but to get it repaired.
I don't really see WFL as a MLM program. You mentioned there are things to come but as of right now I see it just as another sales arm for the parent company. Instead of having actual employees for the company selling their service, you have independent sales people ( now called affiliates MLM'ers ) selling it for them. No extra overhead cost to worry about, workmen comp, health insurance. So they can then offer a better compensation package.
How do you perceive handling this opportunity, is up to the person looking at it. Do you see it as a opportunity to grow it as a business or sell the product / service as if it where a job. Being an independent rep. Some may refer this route, not that it's wrong, they will surely bring in some nice income.
Now to make this work as a business you need to form your own organization of partners, not affiliates. This is where the people skills come into play. Find the folks who are in the same mind set that you are in. Just show them what you have to offer and let them decide. People who think alike can grow a business successfully. As a team you work to gain the trust in each other. As you are building you will see who has what strong points and help each other out. Each person contributing to obtain one goal. A successful business.
Enough from me. Hopefully others reading this will gain some sort of insight as to what to look for when getting involved in any business venture, either via internet or person to person contacts. Mike has had some good points brought up and hope this helps folks make an informed decision.
WFL parent company has grown and been successful so far. WFL just needs to get over a few road bumps to see it's way into the future as a industry leader in Network Marketing. Time will tell
Stay tuned
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