| Author |
Message |
BigMoneyJoe
Member
Joined: 26 Jul 2008
Posts: 10
|
# Posted: 10 Aug 2008 13:59
Reply
I curiously clicked on the "play" button on youtube recently about "make money cash gifting",.
This one guy, who shall remain nameless, was talking a really good game about how GREAT cash gifting is.
How it made him loads of dough and he's just rolling in it, and how you can to.
Cash gifting's a great example of a 1-up system. 1 - up systems are uni-levels generally.
Because 1-ups have multiple entry levels and qualification standards the "paylines" actually cause
the "downline" to take on a structure that's clearly pyramidal in structure.
The giving of money as a gift is fine - but that's NOT what this is...this is a glorified ponzi scheme
exploiting innocent people and a loophole soon to be closed.
The very nature of the name should raise suspicion - Cash Gifting.
If you have to PAY INTO these gifting clubs - it's a scam. A gift, by it's definition, is a thing
given willingly to someone without payment. If it's a GIFT, why the hell are you and I paying for it?
- - - - -
"The Gifting Club Gotcha" FTC :
A legitimate gift has no strings attached and is therefore, not an "investment". Avoid being
mislead into thinking a gifting club's legitimate because the ad's say that members consider
their payments as a gift and expect nothing in return. This is a sorry attempt to make an illegal
transaction look legal.
- - - - -
This should raise red flags immediately!
They are modeled very similarly to a pyramid scheme. They never last long and if your stuck at
the bottom, your screwed when people wise up to this "old concept with a new name" and start
demanding MASS REFUNDS. The system collapses...
Gifting schemes always leaves losers because they leave losers when people start to complain
and report when they aren't making any money. And they realize they won't be making anything
long after they've already joined because only the top 10-15% of those who started at the top will
benefit. The other 85-90% won't.
It's the basic law of averages.
To be frank, The pyramiding structure itself is not the REAL problem. Every large pyramid scheme known
to man (corporations, governments, businesses, etc) is a pyramid if you've ever seen a organizational chart.
The real problem is when there is no real product or service being sold.
The system is just a bunch of new people giving old people money while the new people are hoping
the newer people will come around and give them money. There is no "VALUE" being traded to contribute
to anyone's livesand eventually those who were tricked into this scheme will be at the end of the thin
line - prepare for a rude wake up call.
And those who "knowingly" promotes that which "takes away" from unsuspecting people without
giving more in return - Are old fashioned bank robbers - minus the black mask's. There will come
little joy from the attainment of the money made and majority of them will almost certainly lose it
as fast as they made it. A true definition a Ponzi scheme.
Hopefully, this article is of great value to you and will help prevent you from being suckered into
this "financial death trap". There is no such thing as "Easy Money". I don't care what business you
choose to get involved in, it will require quit a bit of work on your end. With that comes with it's true
rewards - happiness, freedom, and a sense of accomplishment.
After you do a little elbow grease, than the money becomes easy to make. You see people have
it COMPLETELY backwards.
Conversations will dull quick if a friend or family member asks you the sweat question : "So, what do
YOU do for a living".
I f you take the easy road out, you will eventually suffer the consequences.
Take the time to build a business and you will see the fruits of your labor in return. It's simple if you
take the time to learn and apply yourself. We all have something of value to offer, just don't be afraid
to share it with others.
The simple definition of the law of reciprocity states:
The world gives you, that which you give to the world.
Until later,
Josef Benjamin Rosenberg
__________________
|
annadenise
Member
Joined: 9 Mar 2008
Posts: 231
|
# Posted: 10 Aug 2008 14:06
Reply
What an exceptional post! I've been bombarded the last couple of month's with people asking me to join these. They are not legal no matter what anyone says.
Find a good solid business, work it, help others and be a good team player.
__________________
|
Bigrich
Member
Joined: 1 Jun 2007
Posts: 115
|
# Posted: 10 Aug 2008 22:17
Reply
I was contacted by phone with one of these so called "gifting" scams.. all I did was go to the site and didn't take me a few minutes to figue out that if I was to give,, I'd never recieve......
__________________
|
jltp18
Member
Joined: 3 Jul 2008
Posts: 9
|
# Posted: 11 Aug 2008 00:35 · Edited by: jltp18
Reply
Cash gifting is legal, you are allowed to gift anyone up to $12,000 per year. I'm sorry for you because you are all having a wrong idea of the concept. It's obviously not a business model or anything like that, is a private activity that is helping a lot of people around the world.
Maybe they weren't too popular back in 2007, but 2008 is being the year of cash gifting because it has been simplified a lot, making it a more autopilot system, also the 1up structure is great. It also depends on what system you are in and how you market it in order to get some results.
Please do yourself some research and realize that cash gifting is not a scam.
Thanks.
|
unselfishguy
Anonymous
Joined:
Posts:
|
# Posted: 12 Aug 2008 18:57
Reply
Cash gifting is totally legal if you choose to send cash as a gift yourself. HOWEVER, if you advertise to tell people to send cash to you in exchange of nothing... that is a whole different situation.
|
surfininfl
Member
Joined: 16 Aug 2008
Posts: 2
|
# Posted: 16 Aug 2008 19:35
Reply
Excellent post Josef,
Let's face it we all need money to survive in this world. However, the pass it on theory doesn't work in most of the cash gifting clubs unless all of the members share the same high moral standards. Much success to all!
__________________
|
mcarroll
Member
Joined: 1 Aug 2008
Posts: 13
|
# Posted: 23 Aug 2008 09:52
Reply
Structured Cash Gifting is illegal~bbb.org has exceptional information on that topic alone.
__________________
|
brentw
Member
Joined: 1 Aug 2008
Posts: 8
|
# Posted: 24 Aug 2008 18:44
Reply
jltp18: Cash gifting is legal, you are allowed to gift anyone up to $12,000 per year. I'm sorry for you because you are all having a wrong idea of the concept. It's obviously not a business model or anything like that, is a private activity that is helping a lot of people around the world. Maybe they weren't too popular back in 2007, but 2008 is being the year of cash gifting because it has been simplified a lot, making it a more autopilot system, also the 1up structure is great. It also depends on what system you are in and how you market it in order to get some results. Please do yourself some research and realize that cash gifting is not a scam. Thanks.
Yet someone else brainwashed by some very
incorrect information.
What you quoted was IRS regulations...and yes,
its is legal to give without being taxed.
But that is not the law that is being broken or
even in question...
I'd advise you to read up on a couple of very
simple concepts:
1. Ponzi
2. Pyramid Scheme
Realize that in both of these scenarios that
new people have to be continually found to
keep the giving/receiving going. Without a
product/service being exchanged without
attachment to the ability to make money,
it falls under one (or both) of these terms.
And you would not be prosecuted under
the tax code, you'd be prosecuted under
your state's consumer fraud laws and
possibly Federal wire fraud if you used
the Internet to receive the money.
Personally, I love freedom...more than
just time freedom that we have in
legitimate home based businesses, but
real freedom (i.e. not being in jail!).
I'd advise you to enjoy the same freedom
and find something different to participate
in.
Brent
P.S. If you don't believe me, you should
read up on a concept called forfeiture...
imagine the government seizing your
house, car, or any other asset that they
claim may have been obtained via the
illegal activity. The burden of proof then
falls on you to prove otherwise (and
good luck with that!).
__________________
|
Newbie Shield
Joined: 22 Sep 2007
Posts: 1455
|
# Posted: 25 Aug 2008 10:38
Reply
jltp18: Cash gifting is legal, you are allowed to gift anyone up to $12,000 per year. I'm sorry for you because you are all having a wrong idea of the concept. It's obviously not a business model or anything like that, is a private activity that is helping a lot of people around the world. Maybe they weren't too popular back in 2007, but 2008 is being the year of cash gifting because it has been simplified a lot, making it a more autopilot system, also the 1up structure is great. It also depends on what system you are in and how you market it in order to get some results. Please do yourself some research and realize that cash gifting is not a scam. Thanks.
Wrong.
~Newbie Shield~
|
susanwood
Member
Joined: 7 Aug 2008
Posts: 4
|
# Posted: 27 Aug 2008 18:09 · Edited by: susanwood
Reply
I've seen a lot of that cash gifting stuff... and it just doesn't feel right. I've seen the videos on youtube that show people opening packages with cash in them, inside of a magazine... Personally, I just don't like the idea. The fact is that in order to get others to give you gifts, you still have to maket, right? Without any customers, you won't have a business.
Marketing is the second biggest challenge we have when learning to operate a home business... and it can be expensive and time consuming experience. As long as I have to market, I prefer to market something... as opposed to nothing. I'd much prefer to work with a top tier direct sales model and a company that has great products, great commissions, great support, great systems, and great teamwork.
The first biggest challenge is what's between our ears! The gyrations our brains do to keep us small and limited are amazing! In order to be successful, we each need to address and conquer whatever little "demons" we have running through our heads, so make sure to select a business that is a harmonic match with your values.
I have no argument here, one way or the other--just the suggestion to follow your heart. (By the way, your brain doesn't like that-- doesn't want you to follow your heart... so it can be a challenge!)
All the best to those who are looking to grow in all areas of their lives (not just money).
__________________
Susan Wood DestinyHomeBusiness BlogMy vision: To act as a catalyst for positive change by helping others expand their dreams and achieve their goals. |
jltp18
Member
Joined: 3 Jul 2008
Posts: 9
|
# Posted: 27 Aug 2008 19:35
Reply
Properly Structured Cash Gifting Activities are NOT PYRAMIDAL in structure. its called 1up system. check it out. bye.
|
040107
Member
Joined: 14 Apr 2007
Posts: 296
|
# Posted: 28 Aug 2008 06:24 · Edited by: 040107
Reply
jltp18: Properly Structured Cash Gifting Activities are NOT PYRAMIDAL in structure. its called 1up system. check it out. bye.
The words "cash gifting", "1-up", and "system" don't mix well
together.
In the USA, you can give up to $12,000 to a single person without
incurring a tax liability. Financial professionals use this tax law to
help clients structure financial plans.
However, this law only pertain to (real) gifts which the giver gives
without expectation of anything in return.
The difference between legal cash gift and illegal gifting club
(program, system, scheme, etc.) is people join cash gifting clubs has
one thing on their mind. That is they hope to make money in
return. This changes everything and makes it illegal because it's no
longer gifting in the legal sense.
Dispite disclaimers on gifting websites stating that you understand
by joining and giving your gift, you're not expecting anything in
return, it still doesn't make it legal.
Why?
Having disclaimers doesn't make anything legal. Cash gifting sites
clearly want you to believe just the opposite. These sites flash the
cash in your face and make it clear that if you want to make that
kinda of money (overnight) you need to join the program. So it
clearly contradicts their disclaimers.
All this citing of the tax law is only a distraction and irrelevant. The
bottom-line is it's still illegal.
No matter what words you use to describe and label your cash
gifting activities, it still doesn't make it legal because the person
giving is expecting a return on their money (hopefully).
__________________
If you like what you're see from me, pay attention to this spot...(coming soon)
|
brentw
Member
Joined: 1 Aug 2008
Posts: 8
|
# Posted: 29 Aug 2008 08:43
Reply
jltp18: Properly Structured Cash Gifting Activities are NOT PYRAMIDAL in structure. its called 1up system. check it out. bye.
I hate to burst your bubble...but if you truly draw out
a 1-up plan, it ends up looking like a pyramid.
Of course, the "look" of the structure has less to do
with the legalities of it than how the scheme actually
works...and how it works is what makes it illegal.
Brent
__________________
|
Newbie Shield
Joined: 22 Sep 2007
Posts: 1455
|
# Posted: 29 Aug 2008 20:50 · Edited by: Newbie Shield
Reply
Susan's instincts serve her well.
040107 is dead on with 100% of his/her explanation and the opening sentence is a valuable sentiment. Nicely put and thanx.
Brent is also entirely correct.
The recent invasion of ASD upon this forum was a prime example. It was fishy, unbelievable, clearly unsustainable, and insubstantial. Lots of folks lost thousands of dollars in borrowed funds.
If you ever come across anything that has a similar feel, don't touch it or give it another thought. Do yourself a favor: listen to your gut and protect yourself.
Yes, you can currently contribute/donate up to $12,000 (not too long ago it was $10,000) a year to an entity of your choice.
This can be valuable for write-off purposes and/or to drop your income by one tax bracket. Obviously, you'd have to make enough money to be in the second lowest tax bracket or higher to make effective use of this tactic. I've done it legally every time it was appropriate. It's a wise business decision in the said situation. Do it if it will help you.
But know who or what you can donate to in order to get a qualified write off. Last I heard, you can not donate to your spouse to get a write off.
That may sound silly, but if you get audited and you fudged your target donation, you'll get taxed and penalized. Be sure to acquaint yourself with the current and local laws before you try this tactic or anything similar.
~Newbie Shield~
|
jltp18
Member
Joined: 3 Jul 2008
Posts: 9
|
# Posted: 2 Sep 2008 17:29
Reply
That's ok guys. I understand your position. I was like you in the past and I will not discuss more about this cash gifting thing. If you don't like it or thinks its illegal..thats good for you. I won't try to convince you because I know this stuff is certainly not for everyone. I will still be making money from this and you from other programs. there are different niches in the market for different kinds of people.. thats fine and I understand....
|
opendomain
Member
Joined: 19 Aug 2007
Posts: 528
|
# Posted: 2 Sep 2008 19:27 · Edited by: opendomain
Reply
I think you're missing the big point here. It's not that they "think" it's illegal.... It IS illegal
Regardless of what smoke and mirrors placed in front of you cash gifting as a program effectively negates any "gift" you were giving. Hence the crackdown on EVERY robust gifting program ever.
Remember:
Cash Gifting = Illegal
__________________
|
bazball99
Member
Joined: 19 Oct 2008
Posts: 3
|
# Posted: 19 Oct 2008 23:39
Reply
Frankly, I am just sick and tired of all these people on the internet saying "cah gifting is a scam" or "cash gifting is a ponzi" or "postcards and other marketing are forms of solicitation." First of all, these people CLEARLY do not understand the definition of a ponzi. If they did, this wouldn't even enter into their close-minded heads.
For those who think marketing is a solicitation. I will give them half credit. If the wording of the ads does not follow the guidelines, then yes, it's a solicitation. The point is to INVITE people to learn about the program...not to "sell" them and make money claims.
For the people who think this is "scam," have you ever even tried cash gifting? Do you understand how it works? Do realize that's it been around for more than 30 years???? If it's a scam, then why do SO MANY gifters give their full name, email address, phone number and sometimes a video or picture?? If it was a scam, do you think I would plasture my face and contact information all over the net? Only if I was crazy (which my wife will probably tell you I am).
I tell you what....You keep thinking that it's a scam, a ponzi or just plain illegal while myself and thousands of others keep receiving thousands of dollars every week while the rest of the world gets up everyday to go to a lowsy "9-5."
Feel free to contact me anytime....I don't hide anything.
__________________
Kyle Nichols
|
ateamfuntimer
Joined: 22 May 2007
Posts: 669
|
# Posted: 20 Oct 2008 00:08
Reply
Wow this is an interesting post. I was contacted a while back by a guy who said he was calling a bunch of successful members of a travel opt that I am involved with. I guess they figured we were making money so they could get us to join.
Needless to say I ran for my life. They idea seems so cool but when you think about it then you understand that it is a scheme. You give money to someone you dont know and hope to get others to give you money as well. Now what happens when they pick up and close down their websites and run for the hills with our money. What then?
You are giving money to someone you dont know for nothing in return. That just seems crazy to me. I say get a good home based business with a good product and pay plan and then work it. Thats the way to make the cash you want.
 Adam
__________________
|
getagrip
Joined: 20 Feb 2006
Posts: 1498
|
# Posted: 21 Oct 2008 02:13
Reply
Great Post Big Money Joe!
__________________
|
MyOwnBoss
Member
Joined: 16 Dec 2007
Posts: 108
|
# Posted: 21 Oct 2008 16:09
Reply
In my experience when someone gets into trying to split a legal hair this way, I'd avoid the whole thing.
It's like saying I didn't commit murder because I wasn't technically shooting at that guy, I was actually shooting at something that happened to be directly behind him.
bazball99: For those who think marketing is a solicitation. I will give them half credit. If the wording of the ads does not follow the guidelines, then yes, it's a solicitation. The point is to INVITE people to learn about the program...not to "sell" them and make money claims.
|
cupbucket
Member
Joined: 7 Jun 2008
Posts: 226
|
# Posted: 23 Oct 2008 18:11
Reply
I was actually thinking about joining one of these things at some point in the future to give it a go. I suppose I will find out for myself if it was worth it.
Namaste
__________________
|
drknlvly6781
Member
Joined: 19 Sep 2008
Posts: 30
|
# Posted: 23 Oct 2008 20:04
Reply
I've never liked the taste that cash gifting left in my mouth, legal or not.
I feel like it just isn't morally right to ask a person for money, in their hopes of people giving them money further down the line.
Its like a previous poster said, what happens when you don't get any new people? Then the people at the bottom don't get anything for their efforts or paying into the program.
Regardless of the legalities, I think I will continue to work my system. At least this way I am showing people how to make free cash, instead of taking cash out of their pockets. I'll sleep better at night.
__________________
|
bazball99
Member
Joined: 19 Oct 2008
Posts: 3
|
# Posted: 25 Oct 2008 19:35
Reply
MYOWNBOSS---
I don't mean to be rude, but that might be the dumbest analogy I've ever heard.
I'm not trying to "split hairs" on the legality, I'm simply saying for the cash you receive to remain tax free, the IRS tax law states that no solicitations must take place in a Gifting siutation. If you are are solicting with a Gifting program, then ALL of the cash is taxable.
I've been working onine for over 8 years and cash gifting converts better than ANYTHING I've ever tried (. It converts for two main reasons...it's easy to understand and simple to operate. The key (as with any program) is marketing. If you know how to market, or join someone that will teach you, then you can generate more money than any other program because it converts...plain and simple.
It you don't like the gifting set up, or you are feeling a little "uneasy" about it, then simply don't get involved. Keep pushing a juice or ebook package that nobody wants or even cares about.
I don't mean to sound harsh or like a jerk, I'm just telling you how I feel.
Take Care...
__________________
Kyle Nichols
|
MyOwnBoss
Member
Joined: 16 Dec 2007
Posts: 108
|
# Posted: 28 Oct 2008 01:03 · Edited by: MyOwnBoss
Reply
You're right. How about this? It's illegal to solicit sex for money, so the scantily clad young woman who 'invited' me to have sex with her in return for my money won't be convicted - sorry, that's splitting hairs...
bazball99: I don't mean to be rude, but that might be the dumbest analogy I've ever heard. I'm not trying to "split hairs" on the legality, I'm simply saying for the cash you receive to remain tax free, the IRS tax law states that no solicitations must take place in a Gifting siutation. If you are are solicting with a Gifting program, then ALL of the cash is taxable.
Look, I'm not in a position to advise someone on the legality of whether a ponzi is something they should get into, but this is a forum where people come to learn more about legitimate ways of making money from home. My point was simply that getting involved in something where the legality is in question is a bad idea in general.
bazball99: I've been working onine for over 8 years and cash gifting converts better than ANYTHING I've ever tried (. It converts for two main reasons...it's easy to understand and simple to operate.
I'm sure there is a tremendous conversion rate. There are a lot of people desperate to make money but don't have knowledge. When they go to a cash gifting website and hear how someone put in his $400 bucks and bought a Mercedes with his return 3 weeks later without doing any work (it may even be true), they think it's the answer to all their financial problems.
I'm not saying cash gifting schemes are illegal, I'm saying they aren't a business.
If you sell juice or ebooks and somebody buys them by accident (since nobody wants them), they are giving you money (and your profit) in return for something. In a cash gifting scheme, if someone signs up for you they are giving you money in the hopes that more somebodies will give them money who hope even more somebodies will give THEM money. The last leg never gets paid when the operators close the doors on the scheme...
|
residualcash
Member
Joined: 27 Oct 2008
Posts: 8
|
# Posted: 28 Oct 2008 02:59
Reply
Whether you like or choose to do cash gifting, or any other program, the first thing to understand is how to market the program to achieve success. Networker's are failing in their online biz pursuits not because of the program but because of lack of marketing know how.
So gift, if you want to gift, but whatever you do help those you sponsor learn how to market the program to have a chance at succeeding. That's the gift that keeps on giving.
__________________
|
bazball99
Member
Joined: 19 Oct 2008
Posts: 3
|
# Posted: 28 Oct 2008 11:04
Reply
I understand your points. I really don't want, or did not want, to get into a long dialogue in the legalities of a gifting program.
My original point was that I'm just a little tired of reading forums and articles all over the net from people just bashing the "legality" of cash gifting when they have never even tried it, or they don't know how a cash gifting system works. It just seems that some people have nothing better to do than just post..."it's a scam" or "it's illegal."
I understand that cash gifting isn't for everyone....just like EDC, Passport, Abunza, being an affiliate, etc. isn't for everyone. If it's not for you, that's fine...but before you go claiming "it's illegal" or "scam"....do your research and not just go off of what you've heard or read from others.
Bottom line....it works, just like any other program with the right marketing and the right sponsor.
That's all for now...
Kyle
__________________
Kyle Nichols
|
ItsMoneytime
Member
Joined: 28 Oct 2008
Posts: 13
|
# Posted: 28 Oct 2008 18:32
Reply
You know I feel the people who think that it is illegal. Because its not. Because its not a pyramid it is a 1up. In my link they provide you the proper law which states that it is legal. And instead of marketing a product you could care less about, why not advertise MONEY?!! Thats what people want. And thats the bottom line. Money isn't everything and if you want to stand by what you believe...thats fine. You are supposed to. But for people like me its an opportunity of a lifetime. You cant lose. No matter what your business is you have to market.
__________________
Discover How to Harness the Power of the Internet and Make a Fortune!
http://mymoneytime.org
|
WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 209
|
# Posted: 10 Nov 2008 15:27
Reply
Interesting,
Having researched this to death, the good, bad and ugly, and having avoided them in the past since we know ponzi and pyramid scams seem to go hand in hand, but like everything, it is in the eye of the beholder.
I go back to the airplane deals, small public gatherings where money was passed about creating the excitement to drop your money in the bucket. Yes, I attended a few, but never bothered putting money into them for I would know someone would lose out in the end, so I passed.
We have all seen the thinly disguised pyramids, a product of little value, an worthless ebook, and on and on it goes. I started to research these more closely as I have a good friend, doctor in fact, who use to hit me for nutritional products he was promoting. Well, he didn't bother after awhile, and then gave it up himself. I hadn't heard form him in a few months, so I dropped by and asked him what he was doing? Silence, said nothing much, no more MLM deals for me, and that shocked me, he was in several over 20 years I have known him, including Shaklee.
Needless to say, when he said no more MLM, and then said nothing, I was curious. Knowing him, I counted on a pitch on whatever he was doing, but none came, so I was even more curious. I called and asked him, OK, what are you doing that you don't want to tell me? Blew my mind, but he said gifting, and he knew how I felt about it, so he didn't say anything out of respect for my take on it having spoke about just about every deal ever introduced for years.
Anyway, I did take a closer look, and yes, it could easily be called illegal, just as with so many MLM deals out there, thinly disguised like a business like ASD for example, never mind all the HYIP's out there ripping people off. My take is simple, I like to gamble, I like to take risks, and I am curious about why so many are making money with this concept. Can you lose money, of course, just as you can in any business.
The way I saw it, as long as you are saying it like it is up front, and no promises, no BS, just follow the system and like everything, it is a numbers game, some will, some won't, who cares, as long as you don't have to chase your friends and family, it works. I cannot believe what he was bringing in, and he never said a word, and that is why I was curious. Is it moral? In my opinion, as long as you say it like it is, it is little different than all the other money making opportunities out there with worthless products or services for a $500. or more. We all know the ones, so I won't list them here, but come on, pay to play has been around since the beginning of MLM industry. It is now called front loading, but just as illegal in my opinion for promoters always lied or hyped people through inducement, and this I have a problem with.
Well, I tried it out of curiosity to prove it was a fluke and my doc friend was just lucky. Then I thought about that analogy and realized, if he was lucky, then why didn't he make a fortune in all those nutritional deals he had promoted for decades? I guess it comes down to one thing, money talks, even if you don't, and that is the secret formula, especially in a recession, the more people are worried about their jobs, the more willing they are to take a little more risk, hence, why lottery sales always go up in a recession.
It is all about human nature, greed is inherent in us all to some extent, so I guess when you combine greed and need, it works. This is not for everyone, but what is, I just had to prove to myself it wouldn't work. lol Well, I researched them all as suggested, and came to the same conclusion as doc did, the 1-UP deals were a rip off in comparison to his system. For those who don't know what a 1-UP is, it is when you have to give up your first gift to your sponsor. Sucks, for I know in all businesses, the sooner you can get a new person into profit, the better chance they won't give up and quit in three months like most do in MLM industry.
When your new people get paid, they stick with it, and like all businesses, it is all about sticking to it. You quit, you lose, simple as that. Same is true with gifting, you quit, you lose, simple. This system works, and this is why as I see it. No BS, you say it like it is, people are free to make their own decisions in life, you buy a lotto ticket, or visit casino, you know you are probably going to lose money, but you do it anyway because it is fun to think of the potential if you did win. lol
I look at gifting the same way, and I say it like it is and no one can blame anyone if they don't make a fortune, but if they stick with it for more than a month, they have a lot better odds than with lottery or gambling, unless you are real lucky. Again, this is not for everyone, in fact, it is not for most, but there are a lot of people who are working it, and I am glad I had a friend who way.
Warning, there are seven main variations that I researched, and most are 1-UP, or you have to pay monthly fees to access system, or you have to give up your fifth gift, not the first, so you have to do your due diligence to find the best system which will offer you the best odds of success. If you have to give up your first gift, and when you do, your sponsor vanishes since you are no longer going to make him or her money, you lose. Why, because you want someone who will not only be your sponsor and mentor, but also a friend forever. Why, because if you choose the right system, your mentor gets an override on each of your gifts, just like with all the two tier affiliate programs out there on market. This is a critical difference between all seven gifting variations I researched, so avoid 1-UP and you will have a long term mentor to insure your success beyond your first gift you receive.
I can't explain why it works, other than the recession and that people are more and more fed up with MLM deals which due to attrition, kill off all motivation to continue working it. Nothing is more frustrating than putting in years of work only to see it all go down the drain because of attrition as people quit over and over again. One gift and they never quit, and if you follow system and training, you will see results, and because of overrides, it will become sustained perpetual income as many many people are seeing. Doc's mentor has been at it for over four years, but don't make the mistake most make, don't go blabbing about how much you are making, this is called inducement, and this is illegal in all MLM's or similar businesses.
Oh well, just wanted to ad my two cents on issue of gifting. It takes a lot of research to determine if this is for you or not. As I mentioned, I never thought I would consider gifting, but wow, has it come a long way with internet. I accept international currencies which I would rather receive than U.S. dollars these days, so with six different countries currencies to date, I make it a game, see if I can collect notes from all over the world. lol Again, in closing, it can be considered illegal, just as most MLM's can, but because this is private transaction, no company who received all the money like ASD did, you will never be a target of over regulations as I see it. When U.S. Justice smelled a $100M with ASD, so why do you think they were target and seized all their funds and assets, because they can, and it is up to ASD to prove they were innocent, and we all know this won't happen in the end. In the case of HYIP's, we all know who ends up with all the money in those, so this is about as risk free as it gets in my experience, but I still call it a gamble, and not guaranteed, but it sure is fun. lol
Good luck to all,
__________________
|
cashgiftingnerd
Member
Joined: 1 Feb 2009
Posts: 4
|
# Posted: 2 Feb 2009 08:03
Reply
Cash Gifting by all means is not illegal. Not by itself, at least. If it would have been, the Authorities would have prosecuted ALL the people in the act of gifting. The reason why people say it is illegal, is simply from their own experience with gifting, where they got scammed. This is one very confusion many people like to make. SCAM does not mean ILLEGAL. In other words, it is not THE INDUSTRY OF GIFTING by itself that is giving Cash Gifting a bad name, but it is INDIVIDUAL/ self standing ENTITIES that SCAM people. Get that?
The reason why people go to jail, and the reason why Cash Gifting as the industry is so crippled with negativity, is because people are following in scam cash gifting programs . . . That is over 90% of them. Yes, that is right. Over 90% of all the cash gifting programs are going to risk you to go to jail. Why? Gifting money through mail/ via courier is in utter clash with the Law and USPS regulations.
1 If you send money like this you are acting against USPS regulations and if found out, you could get prosecuted. This is why these scam companies would ask you to HIDE the money in a magazine.
2 If you would send money via courier/ mail, the Law will see you as someone that is busy with an illegal act and committing crime;
3 You are ignoring the guidelines against Cash Gifting;
4 You could and will be prosecuted and charged for TAX OVATION;
As this is the only way Government will interpret it. You DO NOT want to pay taxes, just like these scam cash gifting programs would give false information about Cash Gifts that is tax-free.
Any money received above $500 per month, is obliged to record it for tax purposes. Believe me, even if you only receive/ earn any money, and it is even just $500, you must record your earnings.
This is the only reason why people go to jail for cash gifting, except for the people who's intention was to scam people in the first place. That is called organized crime.
cash Gifting is perfectly normal, and there are real cash gifting programs out there (even if they are only a hand full from the thousands). These are all internet based, or ones that let you receive your gifts through online processor accounts like Paypal and Alertpay. Although Paypal does not support network marketing or similar schemes, no longer.
<Snip>
[Post edited - Admin]
__________________
|
WARRANTIES4LESS
Member
Joined: 20 Feb 2008
Posts: 209
|
# Posted: 2 Feb 2009 21:48 · Edited by: WARRANTIES4LESS
Reply
Interesting,
Sorry, but you are absolutely wrong, there is no stated law against receiving or sending cash though the mail, as long as you report it to I.R.S. and it is legal transfer if you are in U.S. Where is the law that says receiving cash is illegal according to your information?
If anyone is saying not to report it as legal gifts, then yes, this would be illegal. I can pay anyone I want up to $10,000.00 without filing tax disclosure form, and USPS allows up to $25,000.00 insured , so you can send more, but you can only insure up to $25,000.00 in cash and it is totally legal.
Trying to indicate sending cash through USPS or FedEx is illegal is totally incorrect, so let us not state misinformation on gifting, do your own due diligence and don't believe the promoters of your gifting program as if all the others are illegal, this is wrong way to promote your program. Misinformation in any form hurts the industry, so don't spread lies you are told to try an make your program look more legal accepting Alerypay or whatever. It all comes down to reporting it to I.R.S., nothing else, end of story.
As to gifting being a scam, not even close, as to sending money to a stranger, yes, there is some risk, and in some programs, like the 1-UP, your sponsor/mentor is long gone after you pass up your first gift, and this could be called a scam if you only generated one gift from your efforts, so some have called this system a scam, but not really. I prefer the zero-UP plan, and one which shares all gifts with your sponsor/mentor, this insures a long term friendship develops which is a much more safe system for everyone. Who would be crazy enough to scam anyone, it would be stupid to do so, and impossible because everyone would know immediately. We use a check verifty system from two parties, sponsor/mentor and then their sponsor/mentor for absolute protection against scammers.
Simply put, you must be new to gifting and believe the lies you are being told by your sponsor, and this is sad situation, so my best advice to you is to do some more research. Check USPS site for starters, or check Snope to verify what I have said is true, but please don't spread more misinformation about gifting.
Success to all,
__________________
|
