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Hmm, what do you think of this "business venture"

S

Syringer

Lifer
Okay, for a few months now my friend has been in this business venture thing, and finally today he set up a meeting with his partner.

The first thing that struck me about his partner was that he was about 20, and drove a CARRERA 4. He actually took me for a ride later and redlined his engine a few times which is just about the sweetest thing I've ever experienced..but that's beside the point.

So he goes on telling me about this company Excel which apparently has a high reputation and actually grew by a good amount in the past year while everyone else slumped. Blah blah blah so he goes on telling me that I can all this money through one of those pyramid schemes you've all heard about and loved.

The only thing different about this get rich scheme is that you know, it wasn't sent to me through an e-mail, or like posted on an online message board, but it was real..and this guy and his Carrera was living proof of it. I really don't want to go into the whole business model or anything and further make myself look like a spammer, but this business has been publicized in all the great biz magazines, and all that.

What really got to me though, was that this guy signed a contract, that if I provide him with 15 other people who'd be intersted in making money, that I WILL receive $500 worth of checks, or he personally will give me $500. The same goes for 30 people who are interested, except he'd give me $2000 if I don't make it myself.

*spam-like post ended*

But seriously, he's shown me his checks, and he's just a student like me..the only difference is the fact that he drives a Carrera. I mean..there are money plans that WORK right?
 
Originally posted by: Syringer
Okay, for a few months now my friend has been in this business venture thing, and finally today he set up a meeting with his partner.

The first thing that struck me about his partner was that he was about 20, and drove a CARRERA 4. He actually took me for a ride later and redlined his engine a few times which is just about the sweetest thing I've ever experienced..but that's beside the point.

So he goes on telling me about this company Excel which apparently has a high reputation and actually grew by a good amount in the past year while everyone else slumped. Blah blah blah so he goes on telling me that I can all this money through one of those pyramid schemes you've all heard about and loved.

The only thing different about this get rich scheme is that you know, it wasn't sent to me through an e-mail, or like posted on an online message board, but it was real..and this guy and his Carrera was living proof of it. I really don't want to go into the whole business model or anything and further make myself look like a spammer, but this business has been publicized in all the great biz magazines, and all that.

What really got to me though, was that this guy signed a contract, that if I provide him with 15 other people who'd be intersted in making money, that I WILL receive $500 worth of checks, or he personally will give me $500. The same goes for 30 people who are interested, except he'd give me $2000 if I don't make it myself.

*spam-like post ended*

But seriously, he's shown me his checks, and he's just a student like me..the only difference is the fact that he drives a Carrera. I mean..there are money plans that WORK right?
Click to expand...

Join it and come back in six months and tell us if you're driving anything near that type of car. I doubt it.
 
Well syringer, why not tell us about this business venture. If it's a pyramid scheme, i think it's illegal.
 
Originally posted by: Syringer
Originally posted by: Hoober
Originally posted by: Phokus
Pyramid schemes never work or anyone except for those at the top.
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Phokus is right. He the top guy?
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Not even close. The company has supposedly been around since '87..and he just started 8 months ago.
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That sounds about right. Excel was big here in town, but it [the local group] collapsed. It spread through the local police department like wildfire. I don't know what happened, but everyone that I knew that was in it, isn't. YMMV.
 
More info about this company..

http://www.jonprywes.com/vartec.html

"In the November 25, 2002 edition of Forbes, VarTec is listed as #110 in the 2002 survey of America's largest private companies, leaping up 180 spots from last year's list. Even more telling, VarTec is among the top three listed companies in terms of positive growth (based on percentage of revenue change) from 2001 to 2002."

And really, unlike other "schemes", there's no money down I have to put or anything.
 
Originally posted by: Syringer
More info about this company..

http://www.jonprywes.com/vartec.html

"In the November 25, 2002 edition of Forbes, VarTec is listed as #110 in the 2002 survey of America's largest private companies, leaping up 180 spots from last year's list. Even more telling, VarTec is among the top three listed companies in terms of positive growth (based on percentage of revenue change) from 2001 to 2002."

And really, unlike other "schemes", there's no money down I have to put or anything.
Click to expand...

I tried looking through their website... doesn't explain anything about your little business scheme in the first post...
 
Originally posted by: Phokus
Originally posted by: Syringer
More info about this company..

http://www.jonprywes.com/vartec.html

"In the November 25, 2002 edition of Forbes, VarTec is listed as #110 in the 2002 survey of America's largest private companies, leaping up 180 spots from last year's list. Even more telling, VarTec is among the top three listed companies in terms of positive growth (based on percentage of revenue change) from 2001 to 2002."

And really, unlike other "schemes", there's no money down I have to put or anything.
Click to expand...

I tried looking through their website... doesn't explain anything about your little business scheme in the first post...
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Their "scheme" is separate from the business itself. They're like a communications company dealing with phone service and all that..and basically the way it works is, whoever you sign up for their service you keep money from. That's the basics of it.
 
It sounds really fishy, maybe you should see if the BBB (Better Business Bureau) has any information on them.

It sounds like you will be swindled to me, can you give us anymore specifics?
 
Originally posted by: astroview
It sounds really fishy, maybe you should see if the BBB (Better Business Bureau) has any information on them.

It sounds like you will be swindled to me, can you give us anymore specifics?
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Hmm, well the guy who presented this thing, 8 months ago before he got into this thing was just like anyone else. He then signed up, and the checks just started coming to him. He actually keeps a copy of all of them, and showed me..and the figures on the checks were incredible, especially considering he's just a college kid, the fact that he gets them weekly, and the fact that he does absolutely nothing.

I mean really, when he started explaining to me the whole schemes I was like, whatever, but there's something about a 20 year old paying for a Carrera that struck me. He told me about other people making lots of money and all too..and the fact that he guarentees me $2000 in checks (we signed a full contract) after a certain time frame really struck me as well.
 
I have been a member of a network marketing company, and still know several people that are active in one. Most of them are completely lawful and legitimate. Watch out for "too good to be true" claims. Usually there is a lot of hype, and you have to dig beneath the surface to see how it works. There *has to be* a product which you actively market, or else it's illegal. And there is the recruitment drive (you will spend the largest amount of your time doing this part of the business) where you try to build a team. Usually you earn a percent of what people 4-6 levels "downline" from you produce in sales. But, the business is usually structured that your downline can suprass you and make more money if they build a bigger team or sell more. Usually the higher level you get, the lesser percentage of your downline's sales you get (but you have a larger base so you actually make more $$).

Some people say only those at the "top" make money, but that's not really true. I will use my friend (name changed of course) Sally as an example. Her team consists of herself, her husband, daughter, son-in-law, and a couple of active recruited members. She makes $4-5k monthly and has since quit her job of 20 years. She works on average 20 hours a week. Another example I will call John. John makes $500k per year, and he is a small fry in his area. He has 20-25 active team members, some of which almost match his earnings, and he comes into work everyday at 10-11am. He put many hours into his business to begin with, and now he is reaping the benefits. He used to be a landscaper and made didly squat.

Network marketing companies can either become your career or be a way for you to make money on the side. Personally it was not for me because I am not that agressive and got tired of the constant rejection (from contacting and callbacks). But it is as legitimate a business as any type as long as it follows some rules the govt. has laid out for it, known as the Amway test (after the grandaddy network marketing company). Do your research on the company, such as contacting the BBB.

If you decide to do it, have fun and enjoy the process. If it doesn't work out for you, don't worry. There is high turnover in these type of aggressive business plans. And beware, there are some scams floating around.
 
Originally posted by: wyvrn
I have been a member of a network marketing company, and still know several people that are active in one. Most of them are completely lawful and legitimate. Watch out for "too good to be true" claims. Usually there is a lot of hype, and you have to dig beneath the surface to see how it works. There *has to be* a product which you actively market, or else it's illegal. And there is the recruitment drive (you will spend the largest amount of your time doing this part of the business) where you try to build a team. Usually you earn a percent of what people 4-6 levels "downline" from you produce in sales. But, the business is usually structured that your downline can suprass you and make more money if they build a bigger team or sell more. Usually the higher level you get, the lesser percentage of your downline's sales you get (but you have a larger base so you actually make more $$).

Some people say only those at the "top" make money, but that's not really true. I will use my friend (name changed of course) Sally as an example. Her team consists of herself, her husband, daughter, son-in-law, and a couple of active recruited members. She makes $4-5k monthly and has since quit her job of 20 years. She works on average 20 hours a week. Another example I will call John. John makes $500k per year, and he is a small fry in his area. He has 20-25 active team members, some of which almost match his earnings, and he comes into work everyday at 10-11am. He put many hours into his business to begin with, and now he is reaping the benefits. He used to be a landscaper and made didly squat.

Network marketing companies can either become your career or be a way for you to make money on the side. Personally it was not for me because I am not that agressive and got tired of the constant rejection (from contacting and callbacks). But it is as legitimate a business as any type as long as it follows some rules the govt. has laid out for it, known as the Amway test (after the grandaddy network marketing company). Do your research on the company, such as contacting the BBB.

If you decide to do it, have fun and enjoy the process. If it doesn't work out for you, don't worry. There is high turnover in these type of aggressive business plans. And beware, there are some scams floating around.
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Thanks for the post. Hopefully it might make a difference in some people's thoughts..
 
I don't care if you're 20 and driving a ferrari. Unless you're magical you don't know jack about business, because you've only been in the industry for a short amount of time. I'm basing what I'm saying on only the first post (so ignore if this post is totally irrelevant), but a 20 year old driving his own Carrera 4 in my opinion is a guy who got very lucky one time and doesn't know jack, although I'm sure he thinks he's most business savvy indeed.

Having read the rest of the first post now I have to say run away. This will be a monumental waste of time. He is driving that car by people like you doing all the legwork. Such schemes have been around for a very long time and other than a select few at the top everybody else ends up getting little for their time.
 
A quick google search for "Excel Communications" and pyramid shows that this seems to be legal but the company doesn't have the world's best reputation.

I say enter at your own risk.

 
places like amway and watkins have their fair share of rich ppl, but mostly ppl that make nothing. You will need to be very agressive to be one of those that make it, and probably fairly unethical as well.
 
and the fact that he guarentees me $2000 in checks (we signed a full contract) after a certain time frame really struck me as well.
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A certain time frame IF you get a bunch of other people to sign up. Most of us here never would. Can you really say you can convince a bunch of other people as to the legitimacy of this?
 
This is borderline illegal if it just involves recruiting. Laws state you cannot be compensated for recruiting only, there has to be product sales involved (in fact it should be a focal point of the business). Without product sales, it becomes an illegal pyramid scheme (like a chain letter) and you don't want to do it.

To give more info on my personal experience, I actually didn't have a hard time signing people up. I had a team of about 5-6 members fairly easily. But we all went our separate ways (most of us graduated college) and it kind of fell apart. But that does not mean it could not work long term, you just have to find several people willing to stick with it.

Originally posted by: Skoorb
and the fact that he guarentees me $2000 in checks (we signed a full contract) after a certain time frame really struck me as well.
Click to expand...
A certain time frame IF you get a bunch of other people to sign up. Most of us here never would. Can you really say you can convince a bunch of other people as to the legitimacy of this?
Click to expand...

 
Originally posted by: Skoorb
and the fact that he guarentees me $2000 in checks (we signed a full contract) after a certain time frame really struck me as well.
Click to expand...
A certain time frame IF you get a bunch of other people to sign up. Most of us here never would. Can you really say you can convince a bunch of other people as to the legitimacy of this?
Click to expand...

Okay, here's what the contract looks like:

CAMA GUARENTEE

I, (his name) do hereby guarentee (my name) the following:

1. If he/she attends training and talks to 20 people that he/she knows*, he/she will receive at last $299.00 worth of checks**

If not I will either:

A) Get customers for him/her until he/she has 10, thus releasing $299.00**
B) PUt reps under him/her until he/she has received $299.00 worth of checks**, or
C) Write him/her a personal check for $299.00

2. Once I show 15 business presentations*** for him/her, he/she will receive at last $500.00 worth of checks**

If not I will either:

A) PUt reps under him/her until he/she has received $500.00 worth of checks**, or
B) Write him/her a personal check $500.00

3. Once I show 15 business presentations*** for him/her, he/she will receive at last $2000.00 worth of checks**

If not I will either:

A) PUt reps under him/her until he/she has received $2000 worth of checks**, or
B) Write him/her a check for the difference
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Name _____
X _____
date ____

Name _____
X _____
date ____

*using a script in the Official CAMA training Packet or methods endorsed by CAMA. The rep must amke the 20 calls during a CAMA training session
**he/she will receive the money within one month of fulfuilling the condition
*** to people that watn to make money and have $299.00
****the difference = 1000.00 - (total checks received)[/quote]
 
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