Steve was a founder of Excel Communications and helped take that company to a 1 and a half billion dollar business. While other company’s decide to hire a lot of sales people and pay for expensive advertising to get their revenues Steve decide that networking was the way to go. And was he ever right. Excel became the youngest company to join the New York Stock Exchange. Excel also was the fastest company to billion in sales in American business history. Steve Smith had 1.5 million associates in his downline. That is an amazing number. For instance in Corporate America the company that has the most sales people is Hartford Financial at 100,000 sales people. So, Mr. Smith had 15 times the sales force in the 1990’s that the biggest sales force of corporate America has today.
Network marketing is a real industry. Some examples of some of the real heavy weights are Avon and Amway which did 8.5 Billion last year in sales. The realtor firm Keller Williams is a networking real estate company that is spreading globally.
Ask yourself this,
What if you could network market Google. What if? Google did 5.8 Billion in the first Quarter of 2009. They paid out 2.2 Billion in Affiliate marketing dollars. They pay this so their link is on as many of the top rated sites on the web as possible.
Well, that is exactly what Steve Smith is bringing to the market. Also, ask yourself do you think you would like to make money when you or the people you know are using the internet.
I research them all, especially internet home based businesses like IJango, and sorry folks, I just don't see any value whatsoever for the $150. plus $19.95 a month. A portal, who cares, there are thousands of portals you can customize as was illustrated in their video, and the example was not what I call professional, most can do the same thing with Google, AOL, FireFox, MSN or a dozen other search portals for free.
What are we purchasing, a portal for $150. What does it offer, a few custom features which everyone else offers for free. What is reason to join as a customer, and to shop while it is nothing more than an affiliate site like millions of others are already doing for a small rebate which adds up to nothing for most affiliate marketers, so why would anyone expect any different results with an affiliate portfolio site, or as many refer to as an online mall, again, free or very low cost elsewhere.
I like startups, but let us look at who Steve Smith is, a dinosoar who finally folded Excell when the FTC was finally about to close them down for what, the same compensation plan used here, as in, coded bonuses for recruiting, so makes you wonder, what is he bringing to the table other than his association with a failed company. Yes, Excell had its hayday, but in the end, how do you rate a company, based on its rise, or fall? In the end, Excel was a failure as thousands of people well remember when the carpet was pulled out from under them.
Time will tell, but this is a pay to play business model and with FTC new regulations being formed as we post, you had better be able to demonstrate more retail customers and profits from retail than from recruiting new reps or you won't be in business long. I wish everyone well, but time will tell if this will last or not, in the mean time, the early ones in will make money, no doubt, but the mass majority won't, so same old same old, attrition will kill it in the end just like most MLM's die, through attrition when most don't earn what they burn trying.
this is a pay to play business model and with FTC new regulations being formed as we post, you had better be able to demonstrate more retail customers and profits from retail than from recruiting new reps or you won't be in business long.
That's for sure.
70% of your income now has to be from retail sales to non-distributors and state courts are enforcing it in the US. There've been 4 recent cases. In one of them it was even specified that a sale to someone who later joins the company doesn't count toward the 70% of retail sales, and the company had to agree to that and guarantee it in order to be allowed by the court to continue trading at all.
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