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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 248
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# Posted: 2 Sep 2008 08:06
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Excellent overview,
Yes, if more people were like you there would be less failures, you have to do your own due diligence as there are just too many of the same old same old deals out there to choose from.
I agree, there a tons of nutritional products, and I am not one who will not agree, we need suppliments, but selling them is not one of the easier products to promote with so much competition, never mind so many variations of juices and vitamins to take, not an easy sale. I try many, but I cannot say one is better than the other. I liked the concept of liquid nutrition with everything in one, but the taste of most is disgusting, so this makes it even more difficult to sell. lol
As you have also defined, if you don't offer a product with true value in the market, you will find most will fail as most are not professional sales people. If you look at any home business, most will involve sales, for if not product is moved, not income will be earned. At least in any legitimate business, so I wanted to make that clear. There are tons of businesses selling the dream, no product, and some are making a ton of money, but hopefully readers of our thread will not fall for these deals of hype of income, and no real viable product or service.
The more people learn, the more they can earn, it is that simple. Your points are well taken on issues WFL has had to address, growing pains are typical when starting a new company, as well as in this case, expanding to an MLM structure like WFL did. In reality, this was brought to the table of Scott, and he said, not knowing a thing about industry, go for it. He assigned management team, and they didn't have it all together when launched in beta mode, so I expected some hiccups, so I guess I was less concerned knowing business as I do.
Bottom line, there is a growing market for extended warranties at a wholesale discount direct price point, so the savings are absolute over the competition, so value is there, the first thing I look for. The next is management, and given Scott's long list of multi-million dollar successful traditional businesses, I knew there was little to worry about, even with hiccups, so I was satisfied with who was at the top. The next aspect I look at is compensation plan, and this one has it all, retail income, mid range and long term residual income, so all the bases are covered, even without the new products soon to be released.
As you know, unless all these aspects are covered, an opportunity is not going to succeed long term. Your point below is especially important one, so I will answer how I am doing it.
USA quote
"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."
Like all businesses, you look at what will work best in your individual situation. This varies, so I don't say you have to do it like I am, but a little of each is best for most. I don't have time to direct sell warranties, so others may have time to door to door sell, or have an existing car related business where they have a client base already in place. Repair shops, tire shops, transmission shops, as example are great outlets to sell an extended warranty to. Needless to say, I target my efforts to getting in front of those who have customers they service, so one to one sales is not my strategy. I have a tow truck driver who is selling more than anyone on a one to one basis, so again, there are so many ways to promote this, it is up to each to decide, this is just an example of what I see happening for those who do direct sell warranties.
As I mentioned, I look for as many free distributors as possible, building a huge team, and then cultivating and educating them and then rely on overrides. As it has been said many times about leverage marketing, I would rather have 1% from each of thousands in my team, rather than 100% from my own efforts. I started my first company doing it all myself, and you quickly realize your potential is limited, so expanding and utilizing leverage is only smart way to be in your own business, and this is why I always liked the concept of MLM, but not most MLM's due to weak products. lol
Earning average 25% commission selling warranties is not bad for a sales person, that is $500.00 on $1795.00 or $1995.00 sale, so yes, you can make some good money up front, plus a residual on the back end, something many sales jobs don't offer, so being in your own business is the way to go in my experience, hands down. I started out with Fortune 5 company, and quicky learned the politics of corporate America, and I did't like it, you are limited to how much you can earn, and I knew I could earn more in my own business, and did from very first year I started, so I am not a fan of 9 to 5 jobs, especially in a recession where unemploment is rising and job security is sinking.
In closing, yes, it is a bumpy road to success, many ups and downs, but that is the fun of being in your own business, solving problems, and this is what WFL is doing, day by day it is improving, and so is my income, and with the new release of more products to offer, it will jump even higher, so this is what I look for in a business, good solid company, good management, great product with verifiable value, and then, a long term income where residuals don't drop, but increase every month. And best of all, I can handle sitting at my computer, no employees, not overhead, no hassles, just helping others succeed which is what it is all about in my case.
Good luck to all, Mike
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TJamMoneyMan
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# Posted: 2 Sep 2008 18:09 · Edited by: TJamMoneyMan
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USA1950: 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.
I am so sick of this kind of thing.
Why can't they wait 30 days before they charge you?
And with this company, in the beginning stages, it may not matter so much, but companies that hold on to money, should be forced to give up some INTEREST!
I mean, when they are holding on to untold numbers of people's money, at 3 or 4 figures per person, well that's a nice little tidy sum to have collecting interest somewhere...
Why should I have to go through a refund process, wondering if I'll actually get my money back?
Just to see what it is I am signing?
That's ridiculous!!
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WARRANTIES4LESS
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Posts: 248
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# Posted: 2 Sep 2008 21:21
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Interesting,
Given most people use credit cards, or inhouse no cost financing, what would you be getting paid interest on? If you sent a money order, then maybe, but lets be real, who pays you interest on a purchase if refunded, that is not even close to being reasonable.
Name one thing you purchase which gives you a 30 day 100% refund period? Do any of your deals offer any refunds at all. How about GDI? I would like to know one company that offers a 30 day refund policy? There is only one thing that is riduculous, and that is complaining about a 30 day refund period.
Sure, you can get refund on an ebook through ClickBank, but I am talking about a warranty, so see if the competition offers the same refund period. Most offer three days, not thirty, besides, when you make your purchase, if your distributor does not show copy of contract if not in person, it can be send by pdf file, so you didn't read my previous post on this subject where I said I have copy for anyone to review. In fact, before you confirm payment online, you get short contract to review if you are so worried about refund being made. If anyone didn't get a refund, it would be smeared all over the internet, so I feel thirty days is exceptional offer, but I guess that is ridiculous too. lol
Good luck to all, Mike
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TJamMoneyMan
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# Posted: 3 Sep 2008 10:22 · Edited by: TJamMoneyMan
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WARRANTIES4LESS: Name one thing you purchase which gives you a 30 day 100% refund period? Do any of your deals offer any refunds at all. How about GDI? I would like to know one company that offers a 30 day refund policy? There is only one thing that is riduculous, and that is complaining about a 30 day refund period.
Are you kidding?
How about the entire inventory at WALMART, TARGET, BEST BUY, etc. etc. etc............!
GDI offers you a 7 day free trial, with a simple set of terms that could be read while eating a bowl of cereal.
30 day refunds are so common that most retailers, and MANY online business proposals, offer up to 90 day refund policies.
Some offer ONE YEAR refund terms!
I can't believe you don't know this!
WARRANTIES4LESS: I am talking about a warranty, so see if the competition offers the same refund period. Most offer three days, not thirty, besides, when you make your purchase, if your distributor does not show copy of contract if not in person, it can be send by pdf file, so you didn't read my previous post on this subject where I said I have copy for anyone to review. In fact, before you confirm payment online, you get short contract to review
Regardless of whether or not there is a refund policy, or what other companies may do. I DO think it's ridiculous to not be able to view the contract BEFORE you pay into it.
I'm sorry to have to use such strong wording but I don't know any other way to put it, if this is true. If this is not the case, please let us know that.
It's good that you personally offer a contract copy to review but this should not be necessary, and I need to look at the very same contract I will be signing. However much your copy may be the same, this should be done as a matter of course, by the company selling the policy.
And if you are going to compare sales terms, please mention the company and product you are comparing WFL with. And ALL of the terms, if you are going to do a fair comparison, should be compared with ALL of the terms of WFL.
Personally, I don't know of any other companies offering the same type of warranty, on ANY car, regardless of age, or condition(?).
I haven't been searching either.
But TERMS is what is important, along with price!
WLF seems like a great idea.
I'd just like to have some questions answered is all.
Is THAT so ridiculous?
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TJamMoneyMan
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# Posted: 3 Sep 2008 10:40 · Edited by: TJamMoneyMan
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WARRANTIES4LESS: lets be real, who pays you interest on a purchase if refunded, that is not even close to being reasonable.
I lost track as to how much money WFL costs, but I was thinking of the near $1500 price tag that was first mentioned.
Anyway, it may not be a common practice, but if you want to hold my money, I don't think it's unreasonable to pay interest.
Landlords used to get away with that until the law put a stop to it.
Through Christmas clubs, when they first came out, banks were pulling that fast one as well.
Like I said, maybe it doesn't apply in the case of WFL - I don't think they have a very large customer base at the moment, but when companies can hold on to lots of people's money, at 4 figures per person, THAT generates a lot of interest. After all, these companies aren't putting that money under their pillow!
Just show the contract to prospective buyers, or tell me why this is not feasible.
At least don't make giving up money a requirement to view a product!
WARRANTIES4LESS: Name one thing you purchase which gives you a 30 day 100% refund period? Do any of your deals offer any refunds at all. How about GDI? I would like to know one company that offers a 30 day refund policy? There is only one thing that is riduculous, and that is complaining about a 30 day refund period.
Are you kidding?
How about the entire inventory at WALMART, TARGET, BEST BUY, ACME, etc. etc. etc............!
GDI offers you a 7 day free trial, with a simple set of terms that could be read while eating a bowl of cereal.
And it costs no more than $10!
In any event, 30 day refunds are so common that most retailers, and MANY online business proposals, offer up to 90 day refund policies.
Some offer ONE YEAR refund terms!
I can't believe you don't know this!
WARRANTIES4LESS: I am talking about a warranty, so see if the competition offers the same refund period. Most offer three days, not thirty, besides, when you make your purchase, if your distributor does not show copy of contract if not in person, it can be send by pdf file, so you didn't read my previous post on this subject where I said I have copy for anyone to review. In fact, before you confirm payment online, you get short contract to review
Regardless of whether or not there is a refund policy, or what other companies may do. I DO think it's ridiculous to not be able to view the contract BEFORE you pay into it.
I'm sorry to have to use such strong wording but I don't know any other way to put it, if this is true. If this is not the case, please let us know that.
It's good that you personally offer a contract copy to review but this should not be necessary, and I need to look at the very same contract I will be signing. However much your copy may be the same, this should be done as a matter of course, by the company selling the policy.
And if you are going to compare sales terms, please mention the company and product you are comparing WFL with. And ALL of the terms, if you are going to do a fair comparison, should be compared with ALL of the terms of WFL.
Personally, I don't know of any other companies offering the same type of warranty - on ANY car, regardless of age, or condition(?).
I haven't been searching either.
But TERMS is what is important, along with price!
WLF seems like a great idea.
I'd just like to have some questions answered is all.
Is THAT so ridiculous?
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WARRANTIES4LESS
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# Posted: 3 Sep 2008 10:49
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Interesting,
With all due respect, I am not talking about retail stores, we are talking about internet based sales, as in home based businesses, MLM, direct sales, not brick and mortar stores which you can touch and feel. We all know refunds or exchanges are available in WalMart, but having been online since start, this is not the case with online businesses. And as you know, three days is legal requirement with phone or internet sales, and few companies online will offer longer refund periods. In my personal business, I too offer 30 days, why, because it makes sales easier to make.
Again, we are all independent business people, so if I choose to have copy of contract, I cannot say another distributor would also have one to show a customer. In fact, I have secured several sales because others could not even answer basic questions. To each there own, but the bottom line is there are no issues either way in my experience. Most don't ask, why, I don't know, I did, but then again, I use to sell extended warranties years ago when I owned an independent leasing company, so I know what to research before I made my decision.
In my experience, thirty days is tops in the industry, and probably in most industries when dealing with online companies. It is up to the buyer to compare, I know what the market is, and I am more than satisfied with current terms of agreement. If a person wants to see contract first, then they will ask to see one, from me, or whoever is serious enough in business to have one available. I take my businesses seriously, so I will have all the tools available to insure I don't waste any time by not having all the bases covered to make the sale, online or off. Again, to each their own, I don't tell others how to run their businesses, it is up to individual to decide what is important and what is not regarding sales tools.
Good luck to all, Mike
It always amazes me how many people will make a purchase without even asking the most important questions, but then again, this is the reason for the free distributor option, it allows everyone to easily become a well informed consumer, learn all they need to know about WFL, insurance company, competition,
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TJamMoneyMan
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# Posted: 3 Sep 2008 11:17
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WARRANTIES4LESS: In my experience, thirty days is tops in the industry, and probably in most industries when dealing with online companies. It is up to the buyer to compare, I know what the market is, and I am more than satisfied with current terms of agreement
Well there are plenty of examples of online businesses offering up to 90 day return policies, and longer. 30 days is definitely no 'tops in the industry' when dealing with online businesses. The longest refund policy I have seen has been one year.
And, it's the CUSTOMER who needs to be satisfied with the terms!
(and price)
If this is the case, WFL should be doing quite well and profiting greatly.
Is it?
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WARRANTIES4LESS
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# Posted: 3 Sep 2008 12:40
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TJamMoneyMan: Well there are plenty of examples of online businesses offering up to 90 day return policies, and longer. 30 days is definitely no 'tops in the industry' when dealing with online businesses. The longest refund policy I have seen has been one year. And, it's the CUSTOMER who needs to be satisfied with the terms! (and price) If this is the case, WFL should be doing quite well and profiting greatly.
When this division was first launched, it offered a five year refund, as long as you didn't make a claim. Given most people will make a claim, or towing, roadside assistance, etc. in five years, this was replaced by the $2,000. Cash Discount Card, so changes are based on field input, and most felt the five year refund was not of value to the majority, so like all businesses, you want to offer what people most respond to, so Cash Discount Card won out over the five year refund offer.
As to what companies offer 90 days refund, or one year, as you mentioned, I sure haven't found any, so can anyone here point out a few of these exceptional and unusual refund terms? Not ebooks or worthless products or services, but real products inline with WFL. Obviously, with a warranty, you cannot offer a 90 day or 12 month refund period unless a no claim was ever made, so I am curious who offers longer warranties on similar priced product.
As to how WFL is doing, it is a private company, and given owner has made millions in all his businesses, and he said he feels WFL will be bigger than his other companies, makes me believe he sees this as a billion dollar company as he often stated. Judging from what I know, WFL division is doing more than a few million a month, so is that good? I don't know what other companies in industry are doing, so I guess that will remain a private issue.
Good luck to all, Mike
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USA1950
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# Posted: 3 Sep 2008 17:55 · Edited by: USA1950
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See Repost
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WARRANTIES4LESS
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# Posted: 3 Sep 2008 18:23
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It was suppose to have been updated a couple weeks ago, but with management change, it has been delayed as they square away new management, so I talked to Bill and mentioned this has to be updated with new plan as soon as possible, so I will post when it is completed. I was told many changes to site were pending, so perhaps all will be done at once.
Good luck to all, Mike
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USA1950
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# Posted: 3 Sep 2008 18:42
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Post updated
Mike
Just need a clarification on this.
WARRANTIES4LESS: 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.
Taken from WFL site
#1 RETAIL:
When an WFL Independent Referral Agent (IRA) personally sells a WFL Pro-Guard Warranty to a Non-IRA "WFL" Pays such IRA a $500 Sales Commission.
If the IRA sells a WFL Pro-Guard to itself (meaning personally purchases such) WFL will still pay the IRA $500. ( This is what you refer to as the incentive that was offered, since now removed)
With regards to the 1 Up part of the compensation plan. Does the $500.00 commission only go to the upline for the IRA purchase only or is it also for the first sale they make to a Non-IRA ?
I am hoping that this only relates to the IRA purchasing a warranty. Because I can see when the new IRA signs up he is now a potential customer for his upline/sponsor. But if the new IRA does not have a need to purchase a warranty, and goes out and sells one to a friend or neighbor, he/she should be getting that commission. , not the upline. I only bring this up because the new IRA may not have received any assistance or training by their sponsor. But instead studied the website and went to a webinar to get a better understanding of the program. Therefore the sponsor really has no reason to gain anything from the sale. Now if further down the road, if the IRA decides to purchase their own, then the sponsor or next up should be able to get that commission.
Just because a new IRA does not make a purchase for themselves does not mean they are not working the business.
Have a Great Day
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WARRANTIES4LESS
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# Posted: 3 Sep 2008 23:42
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Clarification,
There is only one sale that is a qualifier for everyone. This now goes up to direct sponsor regardless if they helped or trained person. It makes no difference if it is a personal purchase or a non distributor sale, which ever comes first, it rolls up to sponsor. It was changed to encourage more people to help others, sort of an incentive to get new people up to speed given this is a foreign product for most and there is a learning curve. Seems to have worked as planned, but I know some were disappointed to some degree when it was announced. Hope that helps clarifiy change.
Good luck to all, Mike
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USA1950
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# Posted: 4 Sep 2008 11:11 · Edited by: USA1950
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I can see where it would get people upset.
It may be something common in the MLM world, but for folks who are new to the MLM world, it just doesn't seem fair. Could you imagine the stir it would cause if new employees for car dealerships, insurance companies, folks on commission in retail stores and other sales related jobs, where to give up their first sale. Just as it's the employers responsibility to train new employees,in the 9-5 world,the same should follow suit in this business. The sponsor is responsible for training his down line. His reward for doing such is the bonuses he receives for the work his down line does. That should be enough of a reward. You may say, it's only one sale, but it's $500.00 of hard earned money.
This is one thing I have to say I truly don't believe in. It's wrong. There is no way that one should work hard for a sale, just to have to give it up for the sake of motivating a sponsor. Just as quick as they put this into the compensation plan, I think it should be removed.
As I had stated in one of my previous postings, that this industry is not one of your typical MLM run of the mill businesses. As we know by now it's the first to come about. But, at the same time, some of your typical MLM run of the mill business practices should be kept out of it. There has to be a mix of both worlds. Just so happen that this particular plan is a MLM one for the benefit of sponsors. Mr Hirsch should step in on this one and have it removed.
As part of my checking things, I have been in touch with several other members of this organization who have been around since the pre-launch and they where not happy when this was added to the plan. They voiced their opinion as such and it fell on deaf ears.
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WARRANTIES4LESS
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# Posted: 4 Sep 2008 13:31
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Agreed,
I was not impacted by change as I purchased my warranty immediately, so did many others, but in reality, I don't know too many companies which allow you to earn commission on your own purchase in MLM, so I suspect it is not as big an issue as it would be for someone not in MLM.
I can tell you this, most direct sales companies have a similar split training commission, so it is not entirely unheard of. In home sales like windows, siding or home improvement companies mostly use this type of commission only compensation. As example, most will require an experienced sales person to come on your sales call with you, and they will split commission with new sales person as a training incentive, so it is employed in regular commission sales. It is also used in insurance, but I agree, not car sales.
There are overrides you qualify for by making a purchase at retail, so the income potential of residual income and having a qualified sale is still there, in fact, with that one qualifying sale, many will earn hundreds or even thousands just by being in the binary and matrix and then matching bonuses are on top of that, so it is not as if they are giving up all commissions. Again, I agree, it was an issue for some, then again, I had rebated commission back to a few who got in and missed this incentive.
Everyone is in their own business in WFL, so just as I have copies of contracts with me, I too will offer rebate if I see a strong potential prospect. As difficult as it may appear that the $500. seems to be a big commission, and you would hate to give it up, if you look long term as I do, it means little in the overall compensation plan. There is far more to be earned in matching bonus money, so if someone needs that $500., and they have a good work ethic, I will condider rebating them. I have done it for a few with good results, so it is up to me how I run my business.
I have rebated many people over the years on front end simply because I look at the long term as being more important aspect of business. Personally, I would prefer it to be a modified 1-Up where the commission is split like iBussPro does it with their 2-Up system. If I was WFL, that is what I would do, and I have sent in suggestion, but given each distributor can do it personally, I doubt it will be changed. Spliting commission is done in many sales companies on training sales, insurance does it this way, mortgage companies, estate planning, I have seen many in my years in sales.
Good luck to all, Mike
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USA1950
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# Posted: 4 Sep 2008 15:14
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Thanks, the picture is getting clearer. Nothing like being a newbee in a new environment. It seems I have a lot to learn. New way of earning. I'll never know if I don't probe.
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WARRANTIES4LESS
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# Posted: 5 Sep 2008 00:30
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We all have a lot to learn, that is why I like to frequent forums like this, you always learn something new.
Good luck to all, Mike
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USA1950
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# Posted: 6 Sep 2008 01:41
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11 March 2008
WARRANTIES4LESS: 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.
Was curious about this Mike
Did a search for a Ford F350, V10 PU w4WR,
$300.00 surcharge.
Also checked out a Dodge 3500 Pickup 4WD Diesel
$300.00 surcharge.
Coming up on 6 months and still no change made to the website, the most important retail tool that affiliates have. I know you mentioned already that changes are suppose to coming shortly and I hope this is one of them. Unless this was something else they did a reverse on.
I'm still in my followup mode
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WARRANTIES4LESS
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# Posted: 8 Sep 2008 22:55
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Yes, price reduction was announced, but the changes to web site have been delayed as there are several changes coming soon. I have conference call with management tomorrow, so these issues should be updated soon. Will report back when I learn what is coming and when it will be added.
Nothing was reversed, only change since first day was incentive ended with commision on your own purchase. They added $2,000. gift card, and reduced surcharge, so overall, good news, and with more coming, not one negative change to date for those who are already involved. I also like the fact management is listening to us, so will keep thread updated for those interested.
Thanks, Mike
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WARRANTIES4LESS
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# Posted: 12 Sep 2008 09:38
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Update:
Well, we are finally seeing results from all the behind the scenes discussions that have been going on for past couple months. Yes, changes were pending final decisions, and the changes all look good as I see it.
More products and services are being added, lower price points, and one option which really sounds interesting will be updated on site shortly, so this explains why we have been waiting for more than a month for these details to be worked out, they are very powerful enhancements, so stay tuned.
Good luck to all, Mike
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USA1950
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# Posted: 22 Sep 2008 20:27
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To those who have been reading this and looking for answers regarding WFL and wanting to know what it's all about, you can stop checking. I have been asking plenty of questions and got decent answers from Mike. But he really couldn't provide accurate details as to what was going on because he really didn't know for sure. There where plenty of things going on in the background alright.
Just recently they announced having a new President for the company. One of their former Master Distributors. Well, he is no longer in that position and has left.
In one of the other forums there was mentioned a name of a certain individual who has a reputation for running shady programs. The new President for WFL is one of his followers from a previous business venture.
Needless to say, WFL started out with what seems to be good intentions, but let the wrong folks take charge.
I was told by the former President that I had no skin, because I myself didn't buy into the program right away. I was a fence sitter. Guess it does payoff to wait and see.
WARRANTIES4LESS: Excellent overview, Yes, if more people were like you there would be less failures, you have to do your own due diligence as there are just too many of the same old same old deals out there to choose from.
Good luck to all and just remember, it really sounds to good to be true, it probably isn't.
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WARRANTIES4LESS
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# Posted: 23 Sep 2008 08:07
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Agreed,
There were mistakes made, and I can understand how it could happen, this person who was the first visible leader has done this before with a dozen other companies, and I had to agree, this was a concern, but like all such situations, the truth comes to the surface sooner or later.
He was removed early on, and since it was free to register, nothing ventured, nothing gained, and knowing there were many changes going on behind scenes, it was worth hanging in there. And besides, I got my warranty as promoted, and everyone had been paid commissions, and I had even verified a claim of one of my sales was paid satisfactorily, so I was certain it was a keeper.
With latest announcement, I am glad I went with my gut and stuck it out having talked with Scott several times on issues of concern. Remember, he is the mega million dollar owner, and he makes all decisions in the end, and the ones just announced are worthy of attention. New president, George Madiou, is well known and respected leader in network industry and publisher of The Network Marketer Magazine, so I am very pleased with all the new announcements and look for WFL to explode when all his readers come onboard. If you register for free, you can see what I mean, it is all coming together as I expected it would having gone through beta testing bumps with a few wrong people who snuck into positions in WFL, well, they are all now gone. Clean sweep, thank you Scott.
This is a keeper for my portfolio of businesses, so check it out, this is an industry killer for all those in travel deals, many which have been under attack for years. You know the ones, I don't have to mention any here, but the $500. plus ones where few ever earned more than the burned trying. Well, WFL is introducing new travel program which is same as all the others at $500, but with one BIG difference, WFL will only be $99.00 plus is comes with subscription to The Network Marketing Magazine which is $97.00, so can you imagine a full feature travel program for $2.00 net cost compared to all the other $500.00 plus cost deals?
In conclusion, there is another explosive announcement coming which will make another major dent in tel com industry, so those looking at new cell phone deals, look for real value, and check out WFL by registering free to see. Everyo once in a while you get lucky, and when combined with commitment and hard work, really pays off big, WFL members have just hit the mother lode, join us, it is still no cost, no purchase required, free web site, free back office, and this may end soon, so get grandfathered in now.
Good luck to all, Mike
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USA1950
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Joined: 14 Aug 2008
Posts: 54
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# Posted: 23 Sep 2008 10:29
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Mike, does this look familiar to you
You are correct and XXX is probably dumping old product. Bill has resigned weeks ago because there is nobody running the company. Scott Hirsh stopped talking to anyone. We are doing a new MLM if you have interest let me know. MIKE
Like I stated in a previous post that I am new at this and will keep asking questions and probing. But this is beginning to paint a whole new picture for me. It seems your last posting doesn't quite match up to what I have you quoted here. WARRANTIES4LESS: stuck it out having talked with Scott several times on issues of concern
If Scott is not talking with anyone, how is anyone going to believe that all is going well. The only reason I can see right now for anyone to sign up for free is so that their e-mail addy will be taken and people will have new prospects for future ventures. Here is the catch phrase WARRANTIES4LESS: and this may end soon, so get grandfathered in now.
Similar to saying the sale will end soon, when there really isn't a sale in the first place. So hurry up and sign up for free, it's no cost to you, for now and thanks for your email addy we will advise you of new opportunity coming soon......
Folks, I am not a program basher. I joined WFL and have been sitting and waiting to see how this program progresses. I am not an MLM expert. But when people come out saying so and so are experts and have made millions in past ventures, but will let people run their company in a rather poor way, has to make you wonder who is fooling who.
I have purchased a splash page to use for this WFL business and have a tracking program keep tabs of how many page views I have had. This is up to date:
Ad-Alyzer URL http://www.ad-alyzer.com/727/317310226520
Sale Track URL http://www.ad-alyzer.com/track/?ad=56442
Total Hits 2290[i][/i]
I have had only 4 sign ups and they didn't want to pursue the business. 2,286 others apparently didn't believe what they where reading. So it's not like I haven't tried.
Stay tuned for more lively conversation
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 248
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# Posted: 23 Sep 2008 10:48 · Edited by: WARRANTIES4LESS
Reply
Agreed,
Amazing what a day makes, so for those who question what is going on, Bill is out, and don't get me wrong, I was also listening to Bill being one of the first involved, and having voiced my opinion on many issues from first day to yesterday, so I know where things are going now, and thankfully, it is more clear.
As to statements of Scott, not talking, obviously, this was true, but as we can all now see, it was for good reason. As USA will learn, this is typical in MLM with all the power plays the so called heavy hitters will make. This is where it all started, and in my opinion, we don't need the so called heavy hitters, the current WFL product is of high quality and value, so those who see it will, and those who don't won't, nothing new here.
Simply put, you now know Scott was running company, but the current management was not involved as there was a clean sweep going on. Who is at fault, who knows, this is not for us to decide without the facts. All I know is it is now settled, we have new CEO and Scott is still owner of company, and ownership is all I care about, management comes second, and I do think management is now in place for the long haul, so I feel the facts will surface for all to see shortly as announced, next month, but remember, all commissions and products have been received to date, regardless of management, so that has impressed me more than the cleaning house issues we are discussing here.
Warranties-For-Less may be adding even more than what we now know to the portfolio, so I wonder if suggestions I made to adjust site and names of company under a divisional umbrella format to make it more clear we are not just an extended auto warranty company at this time. I know I would prefer to see it divisionalized since it will open up more interest than having just warranties. With travel, and cell phone tel com introductions, it will be interesting to see how this will all come together. Never say never, you never know in this crazy economy what is next. lol
Good luck to all, Mike
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 248
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# Posted: 23 Sep 2008 11:09
Reply
Cont.
An to be clear, joining a free business opportunity is where your education begins, especially if you are new to the industry. How many no cost business opportunities of substance are there in MLMland? In my research, very very few. So in conclusion, if you are not sure about any business opportunities you are looking at, don't pay to play has always been my best advice.
I have lost money on more than a few businesses I have either started or have gotten involved with, and for any true entrepreneur, this is par for the course, you win some, you lose some, but you never quit trying, so for those who are not conditioned to ride out the bumpy periods, which was the case with Warranties-For-Less, pay attention to this string, it is a great way to learn what you need to succeed.
One thing for sure, there will always be bashers, and as those of us involved with Warranties-For-Less from start know, the first visible person involved was trashed, and even though he was not involved as officer or management, he was never the less bashed as a distributor. Rightfully so, I won't go into it hear, but may at a later date. You see, I go way way back with this person, I knew him when he was making it with Amway, and for those who know how most Amwanians worked, then this is all I need to say here. lol
The wonderful think about a free business opportunity is you are not risking your money as with almost all other MLM programs out there. As mentioned, all the travel deals require you to pay $500.00 or more upfront, just to get into business, and for those who are not aware, this business formuation is under attack by regulators, so beware, you should not be asked to pay to play, as in pay to sell for any company. Would you pay to get a job? Then don't pay to get into any MLM company.
Since so many like USA are new to MLM, then by all means trust no one in the industry, I don't. But I would be crazy to believe bashers and all the invisible people on these types of forums. I have been on almost all the forums out there, and some of the administrators have an obvious bias, but this one is about the best on balance, and for this reason we see a educational thread on a business and its development, whether one is also involved or not, makes no difference, it is a lesson for all on the industry in general. Bottom line, do your due diligence and do not rely on any invisible person posting on these forums. No that is the lesson of the day from someone who has seen it all in MLM and in business as a whole.
Good luck to all, Mike
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USA1950
Member
Joined: 14 Aug 2008
Posts: 54
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# Posted: 23 Sep 2008 21:58
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WARRANTIES4LESS: you should not be asked to pay to play, as in pay to sell for any company. Would you pay to get a job? Then don't pay to get into any MLM company.
I agree with this statement 100 percent. But, then why make this statement
WARRANTIES4LESS: join us, it is still no cost, no purchase required, free web site, free back office, and this may end soon, so get grandfathered in now.
Are you indicating here that WFL expects to charge affiliates in the future?
They shouldn't be charging people for a website, which is the only means you have to sell their service.
Profits are to be made by selling the service/product and not for selling memberships or leasing websites.
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 248
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# Posted: 23 Sep 2008 23:05
Reply
Obviously, I can't say what the future holds, but just like when program was launched, I made commisison on my own purchase, and this ended, so if with new products being added you now have to make a purchase to qualify, who knows, but if I was looking at new management and had not registered yet, I would want to register now rather than later if there are other changes we don't know about.
I don't agree with any company which charges for web sites or training, never mind those that charge for back office access, but that is not what I was referring to, product purchase or sale to qualify may change, so I would rather be registered already if I was sitting on the fence prior to new products being added. I suspect the $99.00 may be a minimum purchase requirement since it includes $97.00 subscription bonus included, so it may end up being the minium purchase. Just speculation, not fact, so time will tell, but I do think free is a dual edge sword, sooner or later there has to be a purchase, and I would like to see it in three months, or you lose your position in system. Call it an incentive to act, but there should be a timeline for offering totally free distributorship, don't you agree?
Good luck to all, Mike
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USA1950
Member
Joined: 14 Aug 2008
Posts: 54
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# Posted: 24 Sep 2008 07:18
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WARRANTIES4LESS: sooner or later there has to be a purchase, and I would like to see it in three months, or you lose your position in system. Call it an incentive to act, but there should be a timeline for offering totally free distributorship, don't you agree?
I would agree that this should read " there needs to be a sale".
I don't agree on a timeline for free distributorship.
If you are hired by a brick and mortar company, in most cases they have a 90 day evaluation period. If you don't produce, they don't keep you. But if they do keep you, they don't turn around and now charge you a fee to keep your job. Goes back to previous quote
WARRANTIES4LESS: you should not be asked to pay to play, as in pay to sell for any company. Would you pay to get a job? Then don't pay to get into any MLM company.
But I view things this way. If a company shows it still unstable, meaning, constant changes to compensation plans, methods of payments to purchase a product or service or ownership decides not to communicate with the people that has been assigned to manage his/her company and making plans for events and then cancel without letting the membership know, you can't expect people to go out and sell a service if you are unsure as to how long this company will be around for.
So to put it this way, No you don't charge for being a member at any time. If they fail to produce after a 3 month period they can then have membership terminated. But as long as there is turmoil in the company, until such things as compensation plans or payment methods have been stabilized and the website is up to date and accurate, people should not be terminated because they are sitting back and waiting.
It's happen once to many times, MLMs come out, folks jump in at the beginning, go for the ride, make their money and then go out and find another venture. It's been shown that these folks usually run in packs. So you can't blame or punish people for holding back. They are not members of MLM pack rats.
Keeping in mind, with the economy going down hill, folks loosing jobs and trying to find ways to make ends meet, you are going to find folks like myself looking for new ways to earn a living. Not looking to jump from one venture to another. So people are going to be more cautious when joining any program related to the internet.
If anyone else is reading what is being said here, feel free to add your comments or views. Keeping in mind that we are not here bashing, but trying to get a better understanding of what is going on in the world of Network Marketing. There are enough gurus out there and many have their own view points. Keeping in mind that not all are truly experts but tend to take info from others and then put their own twist on the subject. You have to make your own decision based on what you feel is ethical.
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 248
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# Posted: 24 Sep 2008 07:43
Reply
Agreed,
We are both on the same page, and the only change was eliminating the original incentive to make a purchase at wholesale which first sale commission is now rolled up, so if there were more thna one change, yes, it would be critical, but overall, I don't expect anything other than a qualification period as we have all seen too many join and do nothing. People waiting on something to happen are not what is needed, sales are what all companies rely on, so compression is what is needed, and I expect that to happen with new CEO and management move.
No doubt changes are not good in all cases, but the one change I have seen from start was pro distributor, as in we ended up earning more, so I don't feel anyone would complain about improving compensation plan. Again, everyone was paid what they earned, debit card works perfect, so there is a lot more to see, but what I have verified is good. We may not learn what the reasons were for Bill to be removed, but I suspect what happened was the typical thing that happens in MLMland, he wasn't making enough money. lol
Your view of the industry is correct, I have seen it all, and much of it isn't pretty for the new MLMer to go through if they are not conditioned or experienced with what has gone on in past companies. I have no problem with people hanging back before the sell or tell others about business, but like all things we do in life, it is up to us, and waiting does little to help anyone.
I don't like to sell it, but I do like to tell it, so I select businesses based on what the value of their products or serviced are. Without value, exclusive product or verifiable quality above competition, I am not interested. 97% fall into the no value category, and most of these deals require a buy in as you know. I wonder how many companies offer a totally free distributorship at this point in time in the industry?
Good luck to all, Mike
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USA1950
Member
Joined: 14 Aug 2008
Posts: 54
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# Posted: 25 Sep 2008 10:25
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WARRANTIES4LESS: I wonder how many companies offer a totally free distributorship at this point in time in the industry?
I can think of one company who offers free distributorship and free website. The site is pretty basic but you and your customer can order product and you have a back office to tract your sales and your down line. ACT is the company. I am sure there are others you can find if you really search for them. So WFL is not unique when it comes to that.
As you have stated in regards to waiting, it's up to the individual as to when they decide to actively participate. If people go out and do their research they will find various opinions as to when to get involved with a new MLM.
The diehard MLMers (rat pack) will say jump in from the start. It's been well established that these folks are the ones who stand to gain the most. They are on top of the Matrix food chain. Money filters upwards. So if the company only last for let say a year to them it doesn't matter, because they just go out and look for another venture. They are also the first to leave if they aren't making money fast enough.
Then there is the opinion to wait and see how the company progresses. If it establishes itself as being viable and shows growth and management isn't constantly changing or they aren't making changes to payplans or payments methods on a regular basis, then you may want to consider going forward.
In regards to those not having any sales. Just because someone hasn't had any sales yet, doesn't mean they aren't trying. Take a look at the figures I posted in a previous posting. Over 2000 page views and no sales. Not saying how many fliers and business cards have been passed out. WFL may be the only ones using Network Marketing for this service but there are a large number of other companies selling warranties outside of the Network Marketing arena. Some folks have already left WFL due to poor income. Sure, they got thousands to sign up, but these folks are running into brick walls trying to sell or tell the service. Then again you have a group of people that doing quite well, because they have a team of experienced sales folks working together. So to go out and punish folks because they haven't made any sales yet is utter nonsense.
To add one more point, it should never come down to demeaning individuals because they haven't purchased a warranty for themselves. Nowhere in the company plan does it state that a affiliate needs to purchase such in order to qualify for commissions or bonuses. Nowhere in the plan does it ask individuals if they own their own vehicle or that there is a requirement to own one in order to join. I know about this first hand because it was tossed into my face. So when folks are looking into a program take note on how management treats and responds to you.
The non-mlm pack rats (newbies) are looking for something that will be stable and not a fly by night operation. We don't care about jumping from program to program. We don't want to hear that this is what MLM is all about, because there are numerous companies out there who have been in business for years and are still growing strong and people still making residual incomes from it. It's only the norm to the full-time MLM pack rats.
So once again, people need to do their research. You shouldn't have to pay any fees or sign up cost to sell someone elses' product or service. Unless that service is regulated that you have to have a license to sell it. Remember, you don't pay an employer to get hired.
So if further down the road your MLM decides to start charging fees it may be a good indication that sales aren't going well and you may want to start looking for another program.
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WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 248
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# Posted: 25 Sep 2008 13:39
Reply
Thanks,
I never heard of ACT, but as I clearly stated, I don't know of too many free distributorship offers in MLMland, so thanks for identifying another one. I never said WFL is unique in their free offer, I was just curious if anyone new of other totally free distribuotrships with all the tools and features of WFL.
You hit the nail on the head, most MLM's all have their so called heavy hitters who rotate from company to company and they always make money, especially when front loaded deals, and this is why there were not many in WFL, there was no front load, nor was a purchase required.
Yes, if you wanted to maximize your income with all the bonus residual incentives, then you needed to qualify with one sale or purchase, but there was never a requirement to purchase in order to earn from the primary sales commission side. Incentives are important in any business, so I agree with this feature.
As to those who try and fail, that is typical in most businesses, not just MLM. The point is, when you quit is critical as I have seen many quit just before someone they had referred into their business explode, so you never know, but I am curious, you have tracked you hits, good for you, but how many registered as free distributor?
I get calls almost every day selling extended warranties, plus I get mailings once a month, so yes, there are other warranty companies, but when you compare costs, it is obvious that WFL offers true value. Direct marketing is what it is all about if you want to earn the maximum income, but again, how many in MLM are salespeople? Each must determine their success level, and with what WFL has put together, many are, but it takes work and time to see it all come together.
Good luck to all, Mike
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