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AppealMarketing
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Joined: 12 Sep 2007
Posts: 181
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#1 · Posted: 4 Feb 2008 03:56
Looks like a brand new program with an actual product - car warranties, adds 5 years or 100,000 miles to any car, age or miles doesn't matter. There is No Cost to join (no initial or monthly costs I was told) and you get paid commissions of $500 for each one sold, even if you buy it for yourself. I believe it is still in a pre-launch phase. A friend of mine told me about it a few days ago, so I joined under him and now have a downline of over 350 people. I personally sponsored 16 people myself, the rest were spillover! It might be worth a look as it is free to join, who knows if it is as good as it looks so far. Any others see this yet? If so, what is your opinion on it, thank you.
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TJamMoneyMan
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Joined: 11 Nov 2007
Posts: 1191
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#2 · Posted: 8 Feb 2008 06:29
I've been trying to understand that one too.
Maybe someone will explain it.
I guess I have to attend the webinars and phone conferences - which are a problem given my schedule but, the automobile extended warranty looks to be about 2,000 (with a $500 profit for the seller).
Personally I NEVER buy extended warranties.
I've joined, but I can't quite figure out what's going on with that website.
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 351
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#3 · Posted: 21 Feb 2008 23:30
Interesting,
Having researched every program over the years, I must say, this is a keeper, a real deal which is unique, exclusive product, true value, no purchase required, no sign up fees or website fees, nothing, totally FREE, and even better, you can sell to yourself and make $500. while only spending $99.00 per month with new no interest payment plan. Talk about unique, this is it.
When you understand the compensation plan, a true hybrid with the best attributes of binary, matrix, uni-level and direct sales, this has it all, and with no purchase required, other than one to hit matching bonuses. Solid company, backed by multi-billion dollar top rated 130 year old insurance company and it has to get your attention.
Best of all, it is FREE to register as distributor, oh, I said that already. lol
Good luck to all, Mike
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JulieP24
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Joined: 25 Feb 2008
Posts: 17
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#4 · Posted: 3 Mar 2008 13:41
So Mike, How successful have you been with this business?
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AppealMarketing
Forums Member
Joined: 12 Sep 2007
Posts: 181
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#5 · Posted: 3 Mar 2008 13:53
Hi Julie,
I know you asked this question to Mike, but I will give you my current stats:
Personally Sponsored = 124
3x10 Matrix = 160
Binary Downline = 1624
Downline Sales = 27
Commissions = $150
I have purchased a warranty for myself under option "D", only available to associates, $99 down + $59 admin fee = $158 total down, my $500 commission is applied to warranty, leaving me with 14 payments of $99. All earned commissions will go towards warranty until it is paid in full. Once it is paid in full, I will be earning matching bonuses too.
It's free to join, what have you got to lose?
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JulieP24
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Joined: 25 Feb 2008
Posts: 17
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#6 · Posted: 3 Mar 2008 17:58
$1,400 is a lot to lose with not really being sure if you would be able to get others to join. Also, have you even made any money yet, or are you still waiting because they are going towards the warranty?
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AppealMarketing
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Joined: 12 Sep 2007
Posts: 181
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#7 · Posted: 3 Mar 2008 19:48
Hi Julie,
I'm not losing anything, I have a 2004 Chevy Aveo with 80,000 miles and I have to keep it for 3 more years, so I bought the warranty because I could use it, along with getting qualified. All commissions will go towards the warranty until it is paid off, which is the way i would want to do it. What do you mean by:
not really being sure if you would be able to get others to join.
I have sponsored 124 and am confident in my ability to get local independent used car dealers to join and they will sell plenty of the warranties, of which i will earn a commission on.
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WARRANTIES4LESS
Forums Member
Joined: 20 Feb 2008
Posts: 351
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#8 · Posted: 3 Mar 2008 20:09
Good question,
Since I judge success by long term standards, I will wait until I see how many sales are made in my group. Given this is a totally free registration period, and no retail site is up yet, we just don't know what the numbers will pan out to be in dollars. I could say I have thousands in my team, but it doesn't mean anything at this point given pre-launch only started a couple days ago.
One thing I do know, I have not seen any other business with as much potential as this one for the little person, as in those without huge organizations or lists. If you do a search on Google for Warrantied For Less, you will see I am on top as this is my focus, exposure on internet to truly test response, and to date, I am impressed with interest level.
Granted, most are registering as free distributor first, but given the value of product in the market place, combined with the exclusive offering, I like what I see. With recession kicking in across the country, and unexpected auto repair bills out of control, this is a great way to protect yourself from catastrophic repair bill, so I think many will be looking at this for protection.
The best aspect is that you don't have to go to the car dealer or retail warranty companies, you can purchase from yourself, and when you learn all the insiders secrets to extended warranties industry, you will know you got the best deal, and I like that aspect most of all, no car salesperson pressuring you at point of sale which is so typical. This is an easier sale than it first appears when combined with the strategy of selling to yourself and earning commission for your own purchase. This is a first, and a very powerful marketing tool.
Free is great, but saving the $500. to $1000. or more is even more great for most, even if you are not interested in the opportunity. This is how I see it, and I have no doubt this will be the business for 2008.
Good luck to all, Mike
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JulieP24
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Joined: 25 Feb 2008
Posts: 17
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#9 · Posted: 3 Mar 2008 20:14
Hi Marv,
The only thing I meant by it was, that you are successful with it and that is great, but so many times I have seen and experienced where someone is doing great and tells others they can do the same but it just doesn't happen.
Now of course this can be because, I think, the biggest reason is they just don't apply themselves or do any real work to make it happen.
I apologize for my scepticism, but perhaps that is only because I have had this happen to me where I have applied myself as my mentor did and still nothing.
Again, I apologize. I didn't mean to create this into a negative thread, I am just trying to figure out how some are successful with their marketing endeavors verses those that aren't.
Thanks!
Julie 
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AppealMarketing
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Joined: 12 Sep 2007
Posts: 181
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#10 · Posted: 3 Mar 2008 20:26
Hi Julie,
The only thing I can figure out on why some succeed and others (to be perfectly honest, most others) don't, is basically how you write your ads/subject lines and how the ad is presented. I have only been marketing online since Aug 1st of last year, but I taught myself html and I recommend that every single online marketer learn the basics of html, enough to make their ads stand out from the pack. I have been using colorful html ads, trying many subject lines and have been successful in all my online ventures. I'm sorry to be off topic here, but this is something everyone can learn from. I could almost write a book on this subject, but will leave it at that, as I believe that is why I have been successful and others not as much so. If you would like to read a little more, you may want to go to my blog, PM me for the url.
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 351
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#11 · Posted: 3 Mar 2008 20:26
Quoting: JulieP24 Hi Marv, The only thing I meant by it was, that you are successful with it and that is great, but so many times I have seen and experienced where someone is doing great and tells others they can do the same but it just doesn't happen. Now of course this can be because, I think, the biggest reason is they just don't apply themselves or do any real work to make it happen. I apologize for my scepticism, but perhaps that is only because I have had this happen to me where I have applied myself as my mentor did and still nothing. Again, I apologize. I didn't mean to create this into a negative thread, I am just trying to figure out how some are successful with their marketing endeavors verses those that aren't. Thanks! Julie
Hi Julie,
Yes, I agree 100%, usually we are hyped into a decision we wouldn't have made if not for the lure of money. I always look at the value of a product or service first, for this will insure sales can be made to the non business opportunity person. Without retail sales, you have nothing but broken dreams, and this industry is full of people with broken dreams, so I know exactly what you are saying.
I have researched thousands of businesses over the years, and it never fails, those that are hyped never last. You have to have a product which stands on its own without the business opportunity, and if you start there in your search, then you have a good chance for long term success, not the usual flash in the pan hype deals we all are sick of.
Good luck to all, Mike
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 351
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#12 · Posted: 9 Mar 2008 12:02
Update:
Nice, now Warranites-For-Less has added a $2,000.00 bonus cash card with every purchase of extended warranty. For a pre-launch to be adding more incentives before they even go mainstream is impressive, so this is a good sign of things to come. Stay tuned, and since it is free to register, how better to stay in tune than to register.
Good luck to all, Mike
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gamesofskill2
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Joined: 9 Mar 2008
Posts: 14
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#13 · Posted: 9 Mar 2008 18:08
I have actually heard of warranties for less. Only about 1 month ago. Today is my first day seeing and hearing someone else's opinion on the program. I thought the company was still in prelaunch. So how in the world can you make money on a product which has not been released yet.
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AF1
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Joined: 9 Mar 2008
Posts: 9
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#14 · Posted: 9 Mar 2008 23:50
I would suggest waiting until the actual retail side of this business becomes available. Signing up affiliates right now puts no cash in your pocket. In order to qualify for income you have to sell or purchase at least one policy. Right now you can't sell any. If your affilate purchases a policy, you get no cash for it. Even when they purchase their policy, that $500 commission will just be deducted from their payment. So right now, the company is making money from affilates buying a policy, in the mean time you sit and wait until they decide to make it available for you to sell to customers.
My question would be, why start marketing a program when you don't even have your website up and running 100 percent. Right now it's strictly, sell to affilates only. It's a wait and see. No harm in signing up, just can't make any money yet. I suggest you tell your signups the same thing. Don't purchase until the retail side of the business is active. Don't get me wrong the concept is good, just that all the fine details aren't complete. Once again the only people making money right now is Warranties For Less.[i][/i]
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AppealMarketing
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Joined: 12 Sep 2007
Posts: 181
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#15 · Posted: 10 Mar 2008 13:25
Hello gamesofskill2 & AF1,
You can sell warranties to non WFL associates right now. You just have to get their info and input it into your back office to generate the warranty. If you paid in full for your warranty, you can be making payable commissions on all that have paid in full for their warranties in your downline. On financed warranties, commissions are paid out at 40 days, 80 days & 120 days, which is very good considering NO Credit Checks are done. I chose option "D", so you are correct, my $500 commission goes towards the warranty and all commissions earned will go towards my warranty until it is paid off, then checks will be coming directly to me. One other reason to not wait for your warranty (if you need one, I did, car with 80K miles and have to keep it 3 more years) is that you will retain all your downline underneath you, for people just getting in, they would have too many yet, but I got in early (#131) and have over 1770 members in my binary downline. I have been on all the webinars, which give you alot of info. And remember, the company has to make money or no one will make money.
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 351
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#16 · Posted: 10 Mar 2008 13:54
Quoting: AF1 I would suggest waiting until the actual retail side of this business becomes available. Signing up affiliates right now puts no cash in your pocket. In order to qualify for income you have to sell or purchase at least one policy. Right now you can't sell any. If your affilate purchases a policy, you get no cash for it. Even when they purchase their policy, that $500 commission will just be deducted from their payment. So right now, the company is making money from affilates buying a policy, in the mean time you sit and wait until they decide to make it available for you to sell to customers. My question would be, why start marketing a program when you don't even have your website up and running 100 percent. Right now it's strictly, sell to affilates only. It's a wait and see. No harm in signing up, just can't make any money yet. I suggest you tell your signups the same thing. Don't purchase until the retail side of the business is active. Don't get me wrong the concept is good, just that all the fine details aren't complete. Once again the only people making money right now is Warranties For Less.[i][/i]
Good question,
This is only pre-launch, so the sales being made are by our own distributors at this point, and given there is a 40 day delay since there is a 30 day money back guarantee, only a few have been paid to date, and most will be on their own purchases, as was the case with mine. The back office shows future earnings, so although we have to wait an initial 40 days, we are earning during pre-launch, but this is barely scratching the surface of what we will all be earning shortly.
Good luck to all, Mike
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AF1
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#17 · Posted: 10 Mar 2008 19:01
Thanks for the reply. Like I said it seems like it can be a great program, but would have made more business sense to have had everything up and running from the get go. Not just half of the business. They also done away with the 75 percent refund deal they had. Guess someone told them it wasn't such a good idea. Being that even if you called for a tow, that would have counted as using the warranty, so the 75 percent refund would be null and void. The $2000 gift card is being used to replace it. What it could be used for, have no idea. Would like to see something on the website explaining that one.
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 351
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#18 · Posted: 10 Mar 2008 19:46
Good point,
No doubt the refund offer was no big deal given few would qualify for it to start given this is targeted to higher mileage cars which obviously need a tow or jump start more often, so it was designed to look more valuable than it was.
Personally, the way the $2,000. gift card is shaping up, if all is true, it is a real value in excess of the refund, so I will hold onto my comments until I see all the details on it. I think it is a better incentive than a potential refund in five years, and who would even care given everyone has to earn more than the cost of their own warranty ten times over in same time with no sales, so I think it was a good move.
Good luck to all, Mike
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AF1
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Posts: 9
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#19 · Posted: 10 Mar 2008 20:26
Thanks Mike
Noticed on the website they posted a FAQ page. One point they brought up about being able to cancel the warranty. They mention having them read a sample copy of the contract before purchasing. Has anyone given you a sample copy of the contract to have available for viewing? They also show a picture of the gift card, but no explanation as to when it will be issued and what it can be used for. I guess it's a wait and see for now.
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WARRANTIES4LESS
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Joined: 20 Feb 2008
Posts: 351
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#20 · Posted: 10 Mar 2008 23:35
Quoting: AF1 Noticed on the website they posted a FAQ page. One point they brought up about being able to cancel the warranty. They mention having them read a sample copy of the contract before purchasing. Has anyone given you a sample copy of the contract to have available for viewing? They also show a picture of the gift card, but no explanation as to when it will be issued and what it can be used for. I guess it's a wait and see for now.
Yes, there are ongoing enhancements to site with more and more of the information most are asking for. I purchased warranty, so I got the read it over before actual purchase as it popped up to review, but now they are adding it to site to pdf copy and send to people. They were discussing putting up for all to see, or have distributors control for retail sales, so I don't know which way, or if both will be added yet. We will know this week.
As to the gift card, it is suppose to be a real cash incentive card with significant savings over and above regular prices, so we are all waiting for the full details, also due this week. A few updates were added today, more tommorrow, so stay tuned, a lot of suggestions came in this past few weeks, and that is what pre-launch is all about. The new retail site is what I want to see up and running as I have several sales pending, but I don't want to get involved with taking credit card info given all the recent credit card fraud happening more and more, so I am waiting.
Good luck to all, Mike
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