Tuesday, September 16, 2008

Passport to Wealth, Scam or Opportunity?

By George L. Kenney


While searching for a home based business online I Googled "home business opportunity", and Passport to Wealth was one of the many which I was presented with. I went to one of the Passport to Wealth websites and filled our the contact information. I then waited to be contacted.

I received a call from Mike, who is a great guy. He was very informative, and answered all of my questions directly. He helped me understand Passport to Wealth and also answered some online marketing questions. From him I found out that the investment to get started with "Passport" was $997.00.

What are you Promoting?

As a member of Passport to Wealth you receive countless digital products which you can download. Most of these have to do with online marketing. They include ebooks and tutorials. With your $997.00 purchase, you also have a license to resell any of the products as well as recruit new members by selling the product package and business opportunity. Mike then told me about a business overview call that afternoon.

The overview call was much in line with others which I have been on. First the person in charge of the call gives a brief overview of the business and talks about their experience with it. Next you generally hear testimonials from others on the line, and then there is a brief Q&A session. It was mentioned that the products had been valued for at over $75,000. As this sounded really good I decided to do some more research.

How's the compensation plan set up?

This is where I started to balk. Passport to Wealth is structured as a "2-up". What this means to you as a new member is, you'll pass up your first two sales to your sponsor. These are referred to as training sales. The theory is that once you've done this, everyone you sponsor will be passing up two sales to you.

Having come from another "2-up" and having the lingering feeling that I'd been burned, I decided to pass on Passport. My biggest concern is that I'm putting a lot of time, effort and perhaps money into the opening of any business venture and then just as I begin to see the rewards . . . I'm giving them away . . . . $1,994.00 of rewards . . . WHY?

In Summary

Passport to Wealth is a real business opportunity with real products. The reason I chose to look elsewhere is the "2-up" comp plan. Why should you work so hard to get your business rolling and then literally give away money that you have earned? In this case $1,994.00

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