| Author |
Message |
aaramire
Forums Member
Joined: 17 Feb 2009
Posts: 28
|
#1 · Posted: 18 Feb 2009 00:12
From what I read some people here are not too fond of cash gifting. I came across the magnetic cash gifting system and was curious if anyone has heard of it.
Has anyone tried it?? I'm leaning towards trying it but there are not many reviews on it on the web (more pitches then reviews). any help is GREAT.
__________________
|
mountainmom5
Joined: 30 Aug 2007
Posts: 3083
|
#2 · Posted: 18 Feb 2009 10:04
We tend to be a bit leery of the term 'cash gifting' around here ... 
If you are wanting to make money - why not find something with an actual product? The fact of the matter is that even thought it is cash gifting, you will STILL have to market yourself or your program online and convince people that they want to 'sign up' under you....
Remember, everything is about marketing when it comes to making money online....
With things like cash gifting, mlm, home based business, and all those kinds of things you are marketing yourself - people are looking for others they can trust to help them make money online..
With internet marketing or affiliate marketing, you are marketing stuff - and the learning curve is in learning how to market stuff so that people will buy...
Both options work. And both take work to make them work!
Make sense??
__________________
|
Hexum88
Forums Member
Joined: 18 Feb 2009
Posts: 13
|
#3 · Posted: 18 Feb 2009 16:11
I agree mountainmom5. I have found that promoting something with an actual, tangible product, is easier to market. It can be an easir starting point for a newbie. After testing the waters a bit, you can learn how to brand yourself to be more successful with mlm's and cash gifting.
Still, there's something about the term "cash gifting" that makes me a little queazy. In my opinion, cash gifting is on the way out because of saturation from scammers.
__________________
Visit My Blog For tips, techniques, and strategies to help you make money online.
|
seeyalater72
Forums Member
Joined: 5 Mar 2008
Posts: 197
|
#4 · Posted: 18 Feb 2009 16:22
Cash gifting just has a stigma to it. It might have to do with the fact that a lot of gifting programs walk the fine line of legality. A lot of others including myself just can't get over the "I give you money for nothing and then expect to find others to do the same for me" factor.
__________________
|
aaramire
Forums Member
Joined: 17 Feb 2009
Posts: 28
|
#5 · Posted: 18 Feb 2009 20:36
what you say make sense. Thanks for the reply. the key is in the marketing and how succesful you are in doing so.
__________________
|
TJamMoneyMan
Forums Member
Joined: 11 Nov 2007
Posts: 1222
|
#6 · Posted: 25 Feb 2009 03:30
Hexum88: I agree mountainmom5. I have found that promoting something with an actual, tangible product, is easier to market.
mountainmom5: If you are wanting to make money - why not find something with an actual product?
I agree with you two, in principle.
But what kind of 'actual products' are you talking about?
__________________
|
WARRANTIES4LESS
Forums Member
Joined: 20 Feb 2008
Posts: 351
|
#7 · Posted: 31 Mar 2009 12:27 · Edited by: WARRANTIES4LESS
Interesting,
Having been around long enough to remember the old airplane deals, whereby a group would meet at hotels and watch people get paid out by simply throwing X amount into the plan and usually there were 16 spots to be filled with payments to push the person to top, called pilot. Of course there were many variations of this theme, and in all cases, they were illegal pyramids, hence, gifting is put into same catagory by some.
I use to feel the same way, but once you analyze gifting more closely as I have, there are no similarities between the old airplane deals and most gifting programs. First, there is no pyramid structure, nor should there be any inducement like in the hotel meetings, so there are many differences as I see it, and personally, I like current day gifting systems, but like all things, you need to do your own research first for there are good gifting plans, and not so good ones.
If you research all of them, you will discover what I have, and that is, don't look at the so called 1-UP plans or you may be disappointed. The reason is, for gifting to be successful, one needs to see results as quickly as possible, and with 1-UP, it may take a person two months to see first gift, and if they have to pass it up, then it may take another month to see second gift, and as we all have seen, most people quit in under two months in all home businesses, not just gifting activity.
Having seen it all regarding money making programs, the good, bad and ugly, I know there will always be naysayers, and for good reason, most fail, so bad news travels faster than good news, especially true on the internet. What people must understand is that there is no such thing as get rich quick in any home business, never mind in traditional businesses, yet most promote the opposite which sets most up for failure, hence, why most fail.
Gifting is no different, it takes time to see results, but if you stay consistent and stick to promoting it, I have found it to be far easier than trying to sell a product or service ties to a money making business. Why? Simple, most products and services have to be sold, and most people are not salespeople. In gifting, there is no product or service to speak of, other than the system, which some are better than others. Automation is what works best, something that explains fully how the system works by exposing prospects to all the details, and not sell or worse, hard sell anyone.
We have all been burned by a get rich quick deal in the past, and you want to avoid this at all costs, so choose a gifting program like you would anything you purchase, and find someone you want to work with and make friends first, for with the right gifting plan, you will be assisted by this sponsor forever, or as long as you stay in system. With 1-Up structure, once you pass up your first gift, your sponsor is long gone, in the magnetic system, your sponsor is your mentor forever. Why, because the do not take your first gift, they share a smaller percentage of all your gifts, so they will want to invest in your success, and I liked that aspect most of all.
Like everything, some will succeed and some will not, but in gifting, if you simply stick to the automated program, and keep promoting with post card system and automated web site autoresponder and training, it will work, and work very well if you keep working it. As you promote, more and more will join you, but you have to give it time. A perfect example, with postcard system we use, I track responses, and I am amazed as some people held onto the postcard for over four months before joining. If you send out postcards on a regular basis, every week or every month, depending on your financial commitment to success, you will see results, everyone does, so check out all the system first before you make a mistake and choose a 1-Up version.
Success to all,
__________________
|
SirThomas
Forums Member
Joined: 26 Jul 2007
Posts: 60
|
#8 · Posted: 31 Mar 2009 21:17
Are you sure you're talking about the same magnetic cash system?
Aren't they also 1-up? at least officially they were...
Thomas
__________________
Thomas
|
WARRANTIES4LESS
Forums Member
Joined: 20 Feb 2008
Posts: 351
|
#9 · Posted: 1 Apr 2009 19:32 · Edited by: WARRANTIES4LESS
SirThomas: Are you sure you're talking about the same magnetic cash system? Aren't they also 1-up? at least officially they were...
There are many who are using the term magnetic now, so it is hard to say whether we are talking about same one. The original was 1-UP originally, so since discovering that by eliminating 1-UP, there was a 10 times better success rate, it is no wonder most will dump 1-Up systems.
__________________
|
eugie17
Forums Member
Joined: 4 Apr 2009
Posts: 5
|
#10 · Posted: 7 Apr 2009 05:48
most product in this category are scams and nothing else I have tried some similar ones
__________________
|
kim_ward
Forums Member
Joined: 12 Mar 2007
Posts: 69
|
#11 · Posted: 27 Apr 2009 17:12 · Edited by: kim_ward
Here are a couple of sites that may be of help, that I found
on another forum in a thread where others were not too fond of cash gifting as well. With good reason too!
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt056.shtm
http://www.cashgiftingwatchdog.com/basics/cash-gifting-irs/
Hope that helps,
Kim
__________________
|
WARRANTIES4LESS
Forums Member
Joined: 20 Feb 2008
Posts: 351
|
#12 · Posted: 2 May 2009 14:20
Interesting,
Always like to read every article available on gifting, and sadly, so much of these are incorrect. Gifting clubs are indeed pyramids, so just using the word gifting makes all of them sound the same, so you do have to be careful not to join a gifting club which are always local public meeting events where people will pay into a position in a small pyramid, and induce others to do the same pushing them to the top, they get paid, and it starts all over again. In the old days, this was referred to as the airplane, and everyone that got in would move up to pilot to get paid. These are illegal, just as the FTC noted in link.
What is unique about gifting today is that they are not pyramids, there is no structure like the airplane deals, and as long as you don't try to avoid taxes that are due, nor induce others based on what they may receive, there is no law against it. The other issue which makes it sound illegal is the use of cash. Not all use cash, but most do, and as such, most will not use USPS for obvious reasons, if they don't declare they are sending cash, then this is also illegal. You can use USPS if you declare what you are sending, and there is nothing illegal about that, check it out for yourself, I did. It is an issue of declaring, not hiding the fact you are sending money. It will cost you money to insure, for once you declare, you must insure package, so some like to make it sound like people don't use USPS as if it was illegal. I use USPS for international cash exchange business, and I have had no issues, but I still prefer the reliability of FedEx over USPS even with insurance.
Having been researching this for a couple years now, I have learned what everyone should, and that is the facts on how gifting must be presented. Sure some are going to claim it as tax free, but it depends on limits you must be familiar with, so I agree, a tax expert should be retained if you take this activity seriously and are looking for long term results like in any venture. You must do your own due dilligence, and since most will confuse all gifting as being the same as the airplane pyramid, most won't take the time to understand the technical differences on why they are not even closerly related.
Success to all,
__________________
|
genius
Forums Member
Joined: 5 Oct 2008
Posts: 20
|
#13 · Posted: 5 May 2009 11:03
Havent tried it since i didn't have so much time to waste. because I already know that such programs are usually scams. In fact, any program which doesn't fulfill the basic definition of business should be a scam and business is "transfer of goods or services in exchange of goods or services or an alternative". Whenever you want to try a program, try to evaluate if it fits within business definition.
__________________
|
WARRANTIES4LESS
Forums Member
Joined: 20 Feb 2008
Posts: 351
|
#14 · Posted: 5 May 2009 20:52
Agreed,
Gifting is not a business, although you treat it the same, you still have to promote it, but you are correct, it is not a business, so no goods are exchanged for a tangible product. Time is never wasted when you promote the right things which solve a persons problem, and since most are hurting in this economy, gifting can easily be the answer for those who put effort into it.
Success to all,
__________________
|
kim_ward
Forums Member
Joined: 12 Mar 2007
Posts: 69
|
#15 · Posted: 6 May 2009 07:44 · Edited by: kim_ward
Gifting is illegal no matter how you try and paint the picture.
Giving a gift is not illegal, but your post just showed why
gifting clubs are:
Because people treat it as a business and expect to make
money with it.
If you truly want to help people in this economy, why not
teach them to promote something with real value to
the end user, and not something where the last people
in lose their shirts...For goodness sakes.
Kim
__________________
|
WARRANTIES4LESS
Forums Member
Joined: 20 Feb 2008
Posts: 351
|
#16 · Posted: 6 May 2009 10:49 · Edited by: WARRANTIES4LESS
kim_ward: Gifting is illegal no matter how you try and paint the picture. Giving a gift is not illegal, but your post just showed why gifting clubs are: Because people treat it as a business and expect to make money with it.
Interesting,
Like you, many assume gifting is related to gifting clubs? And yes, these are illegal, plain and simple, but gifting had nothing to do with gifting clubs. And it is not a business, and I make that clear, it does take effort like anything else but I do not refer to it as a business, nor does anyone I know involved in gifting activity.
Does working imply it is a business to you? Sorry, but I work out, and I don't consider it a business? Work is applied to many things we do, even hobbies, gardening, etc., but it does not mean they are a businesses in the traditional sense. Gifting is an activity, and this is the word most associated with regards to gifting. None I know of call it a club nor are they based on last one in loses like old gifting clubs were structured, and why they are illegal.
Personally, I give away thousands in true verifiable valueable products and services before anyone sends a gift, and for good reason, you have to give to receive, so there are all different types of gifting activities. I just wanted to point this out, I was not talking about a gifting club, not even close. I work traditional businesses and online businesses, but I never refer to gifting as a business.
Success to all,
__________________
|
dlac2
Forums Member
Joined: 9 May 2009
Posts: 1
|
#17 · Posted: 9 May 2009 09:17
Most of the gifting program I have come across require a minimum gift of $500 and up to be paid by cash using a next day delivery service. I'm trying the Ultimate Cash Revolution gifting program which requires a gift of $40 to be paid via AlertPay. I'll see how it goes.
__________________
http://www.ultimatecashrevolution.com/index.php?Ref=dlac2
|
TJamMoneyMan
Forums Member
Joined: 11 Nov 2007
Posts: 1222
|
#18 · Posted: 12 May 2009 15:31
dlac2: Most of the gifting program I have come across require a minimum gift of $500 and up to be paid by cash using a next day delivery service. I'm trying the Ultimate Cash Revolution gifting program which requires a gift of $40 to be paid via AlertPay.
There are gifting plans that are a LOT cheaper than BOTH the options you present here!
And the more sophisticated ones use online payment processors now, (EzyCashGifts offering a choice of NINE different pay processors to send/receive payments).
Gifting plans are also not necessarily Pyramid in structure.
Personally, I don't know of any that meet in public like the 'airplane deals' mentioned.
And EzyCashGifts for one, DOES have a tangible product to offer.
Products that increase in number/value as you climb the gifting levels.
And it starts with only $5.
The gift payments easily pay for your upgrade to the higher gifting levels since it only takes TWO gifts to completely pay for your upgrade, (2.5 gifts in some cases).
Cash gifting has come quite a ways since it first began.
From what I see, they have been structured/restructured to avoid some of the illegal practices mentioned in some of these threads.
NOW, does anyone know of anyone actually prosecuted for the 'crime' of cash gifting alone - and not some pyramid, tax evasion or other scam/scheme?
(proof please, of course!)
__________________
|
WARRANTIES4LESS
Forums Member
Joined: 20 Feb 2008
Posts: 351
|
#19 · Posted: 4 Sep 2009 22:31
Interesting,
It seems more and more programs are using the format gifting uses, paying person to person rather into a company or to send money to an administrator of a program. I personally like this trend, it is instant payments upon joining, not waiting a month or more, so I suspect this concept will grow.
Infinity100 uses this concept, as does iBuzzPro and Change America, so like in gifting deals, payments are made direct to people now, not cash, but still direct. Times, they are a changin. lol
Success to all,
__________________
|
kim_ward
Forums Member
Joined: 12 Mar 2007
Posts: 69
|
#20 · Posted: 4 Sep 2009 22:40
Nothing wrong with paying person to person, if it's a legal
program. Cash gifting is not though.
Best to all,
Kim Ward
__________________
|
Page 1 of 2: 1 2 »»
