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If you are looking for the right network marketing opportunity, chances are you've come across the Passport To Wealth. This is one of the new breed of network marketing companies, where the marketing is done mostly online, and instead of selling twenty dollar health products, you are marketing high end information products.
The good thing about this is, it doesn't take a lot of sales to make some serious money. The bad thing is, it is much harder to make a sale in the first place.
I know it's challenging based on experience, but definitely not impossible. There are people in this industry making six figures and more a month, but it obviously takes a lot of effort to get to that level.
So having said that, what about Passport to Wealth? Should you get involved with this company? Here is some quick background about the firm to help you determine this. The company was started by Darren Gaudry, who is one of the top network marketing experts around, so at least it's in good hands.
The compensation plan is a two up system, like so many today, and this is nothing new. The company will try and tell you their comp plan is the greatest thing since sliced bread, but the reality is, many companies have used this and it's very difficult or beginners to make money with.
In fact, I would venture to say, based on personal experience, that this is one of the harder systems to get out of the starting gate with, since you don't make a dime until your third sale. This might sound like a big deal, but oftentimes it will cost you over a thousand dollars to make two sales, since you are going to be new and just learning the system.
Therefore this is why people who succeed with these businesses are those who are either already making a lot of money that they can reinvest in this business, or they have put aside a good amount of capital for a start up.
Of course, after you make your first two sales, it's pretty nice, because then everybody you bring in will be handing you their first two sales. One of the things about this is, you can actually then help the people you've brought in get qualified (make their two sales) by calling their leads for them on their expense, since they will be paying for the leads.
In effect, you are getting free leads, and once you have a good sized downline generating consistent leads, you will never have to pay a dime for leads again. True, some people will want to call their leads for practice, but a good percentage will not, so take advantage of those opportunities.
This is a secret many of the top network marketers is, is they make all their money through referrals once they get a solid team below them. Once they make those two sales, then those people are in your down line, and then the two people they both bring aboard (assuming they make at least two sales) get put in your down line.
Therefore, it doesn't take a whole lot of people below you to start making money, and if you do get involved with the Passport To Wealth, I'd definitely suggest you do this.
What kind of product does the Passport To Wealth have? It's mostly software and info on making money, which is certainly not unique. In fact, many other network marketing companies market similar products.
The truth is, they are high quality products, but they are not worth the one thousand dollars Passport To Wealth sells them for. However, this is nothing new among network marketing companies. Most of them sell average products for very high prices, although the product is still relatively high quality.