How to find the truth beneath the Passport white-wash
Today's Adventure in the Biz Opp Jungle:
'In which Charlie finally gets word from the hinterlands of the biz opp universe, finds a glimmer of truth beneath the Passport to Wealth's white-wash, and gets feedback on The Ultimate Secret.'
Hi,
At long last, I've received the information I was looking for!
Okay, so I'll admit. It took a while....
An intergalactic princess had to upload this information into two gay robots and send them to a desert moon, where they were picked up by midget scavengers, sold to a Jedi Knight, and then brought to my Death Star...
But they're here now. And that's what's important.
First up, some feedback on Passport to Wealth ...
Let it snow, let it snow!
It's not hard to find information on this MLM. Just go to Google and type in "Passport to Wealth is a scam"...
Hey presto, you'll get loads of seemingly ANTI-passport to wealth posts....promising the lowdown on what's really going on...
Except when you click on them you'll discover they are PRO-Passport to wealth posts. Like ALL the others.
The web is so full of people involved in this opp that they've created a thick, snowy blanket of approval. It covers every black tree stump of negativity. Every green shoot of reality lies frozen beneath the icy whitewash.
According to the hype, Passport to Wealth is 'the most lucrative and dynamic home business available today achieving high levels of income and financial freedom with the most powerful turnkey system on the internet'.
And yes, Passport to Wealth is a legitimate business.
The idea is that you sell a bunch of American information products using websites they provide for you. You pay a monthly membership for downloads, marketing tools, and resale rights products.
The way you make money is by getting people to sign up. You pass up your first two to your sponsor and then for every sale after that you get the £500 from each newcomer.
The big problem is you need a lot of people on your list, and a good marketing set-up already to make a lot of money. And the real money is made by people who get in early with big lists.
As I say, it's hard to know for sure if Passport to Wealth is that good or not, because the web is filled with people who are cheerleaders for it.
However, to give you a rare glimmer of insight, here's a story as related to me by one of my Biz Opp Junglers...
"I joined over 12 months ago after paying this guy in Sale Cheshire over £560 up front with his promise that he would help me all the way in setting it all up and running smoothly.
What an absolute shambles, he advised me to join in a promotional service costing even more money, then another advertising team to help promote the programme all in all that was over $85 per month being deducted from my UK bank account.
To top it all he gave me a Tel No to contact my US sponsor to help me set it all up - she eventually lost her rag and said 'just read and follow the instructions'."
In the end I decided to finish with them and stop all the payments , by the way they state that there are NO REFUNDS for this programme, so I contacted my bank to stop payments but they said I had to contact the company involved to stop payments.
That's virtually an impossibility - no response in over 3 months and they were still deducting payments from my bank account, in the end I decided the only way was to have the bank issue me with a different credit card. "
This of course could be just one bad experience from someone with a really terrible sponsor.
But beware that if you don't get all the support you need - and are promised - you won't get a refund.
Some feedback on the Ultimate Secret
And what else have my space-travelling robots brought me today from the nether-regions of the galaxy?
Ah, yes, some feedback on The Ultimate Secret...
Now, when I first read through the promotional site and saw this:
"Small Stakes, Virtually Certain Odds and Big Payouts No Matter What Place Your 'Gee-Gee' Finishes in Just by Following Simple Instructions!"
I assumed it was a betting system related to horses, laying or something similar.
But it's not. The idea of this system is that you place two bets on the Forex market. One for the market to go up and the other for the market to go down, Or in other words you place both a buy and sell order at the same time.
Or as a forum user puts it:
"If the price goes up exit the sell trade @ -50 pips if it goes down exit the buy @ -50 pips then enter a trailing stop of 10 pips when the trade overall is 10 pips in profit and just hope the remaining trade continues trending."
In other words they're presuming that when the market moves it will do so in a straight line all the way up, or down.
This type of Forex betting is popular and worth a look if you're into home trading. To help protect your position, there's a target level and a stop loss.
A reader who has ordered this and read it through says:
"I won't go into full detail but I believe that it has the potential to generate good, regular returns. It does rely heavily on a 100% reliable internet connection - and I haven't got one! I paid £177 for the package and as usual, Streetwise refunded my money without question. I have traded with Streetwise for many years and always found them to be brilliant with refunds."
Or for an alternative view...
However one user thinks they've spotted a flaw:
"Markets invariably do not go straight up or straight down and what tends to happen is that the price goes up (for example) and the stop loss on the down bet gets triggered (so you lose 50 points). Then the price reverses before your target is hit and you lose another 50 points as the stop loss for the up bet is triggered on the way down, making a nice little 100 point loss."
However, my view is that people who find success with these trading systems often tweak and adapt them using experience.
It depends how willing you are to use the system a springboard for your own trading adventures.
For some real trading results from Big Deal go to: www.bizoppjungle.com/forum and search 'Ultimate Secret'. He starts off well then hits a run of bad results.
However, in terms of refunds this one is safe to try out, if you're interested. This is important if you're new to trading. Because it's often a "love it or hate it" thing.
As one readers told me in their feedback:
"I am one of those people who would love to trade the markets, but having looked at it several times before I had decided that sort of activity was not for me. Apparently, as I understand it, you are either suited or you are not, sadly I feel that I am not."
Always worth considering.
Later alligator
Charlie Wright
The Biz Opp Jungle