Cash Gifting Programs

[Yuliya Mironova]

Originally Posted by axelnobel

Cash gifting is just cash exchanging hands, without a product involved.

Actually it's a little more complicated than that, I'm afraid.

Some of the more recent prosecutions against promoters of cash gifting schemes have - paradoxically? - involved schemes that DO have a product involved. (In others words, they pretend not to be cash gifting).

The "products", though, have been either "instruction manuals on how to run the business" or digitally downloaded "products" of which the companies, when hauled up in court, have been unable to justify the value or demonstrate that the sales have been to genuine retail customers not joining the "business".

So it's murky, not as clearcut as one would like.

These things often have "pretend products". But when they're not products of real value which retail customers buy, and/or when people's joining fees are being used toward commission payments of earlier members of the scheme, something is wrong. And it seems courts and regulators are getting a little quicker and more efficient both at seeing through that, now, and at doing something about it. Which is good, anyway, even if it's still kind of "too little, too late".

[wealthworld]

Cash gifting has been around since before the Internet - and I've always warned my students to stay away from them at all costs. I've seen very smart people lured into them, because of the excitement of making massive amounts of money in "just days". However, no amount of money is worth going being sued or going to jail over.

However, I think it goes deeper than that. I agree with Linda, in that there's a tendency with these programs not to care who gets burned. For example, the people at the beginning may make some money. The market is fresh, the program is new, and there's an initial rush of sign-ups. But inevitably, these plans fall apart - leaving the "late-comers" holding the bag. It truly hurts people who had hopes that "this" might have been the one thing that worked for them.

I've stayed away from cash gifting for the 23 years I've been involved in marketing and network marketing - and I've been able to run a full-time business and consistently generate over 100K a month - without these programs. The key: Find a valuable product that solves the problem of a large group of people. Something you believe in and are passionate about. That'll help you create a sustainable residual income you can be proud of.

Best,
Jeff Gardner

P.S. Ever since I heard this quote from Zig Ziglar, it's been a guiding principle in my business:

"You can have everything you want in life if you'll just help enough other people get what they want."

If you'll join a real company that helps others, you'll ultimately reap the rewards.