Have you heard about the program Lawn Chair Millionaire and
are curious if it's a scam or not? This article will give
you an unbiased look at the opportunity.
The question that most people have about the Lawn Chair
Millionaire program is whether or not they can truly earn a
passive income. We'll try to get to the bottom of this
question in this article.
The Ploy To Join
Lawn Chair Millionaire launched on Dec. 7, 2007. Upon
visiting the website, you are immediately enticed to join
the program right away through the fear of loss technique.
There is a ticker on the site that displays the moneyline
pool that is paid out daily. A lot of people will be drawn
into this ploy right away just because they don't want to
miss out. Therefore, making their marketing technique
successful. The site promises you a certain amount of money
and continuously urges you to lock in your position before
it's too late. If you happen to not join immediately, but
rather opt-in to receive more information, you will be
bombarded with obnoxious emails. The emails continue to
utilize this "fear of loss" technique by warning you that
until you join, you are losing out on commissions.
How It Pays
So how does this pool of money pay out anyway? The truth is
that the moneyline pool pays out only on the members that
join the same day that you join. This commission is then
paid out over the next 3 months. It costs $80 to join the
program and if your moneyline commission for joining that
day is $80, then you will be paid that over 3 months. The
program does pay a $20 fast start bonus and a $15 monthly
residual income. Remaining in the program will also cost
you a $25 monthly fee. So let's do some figuring. If you
remain in the program for 3 months, it will cost you $130
and you will make $80 in return. Does that seem like a wise
passive income investment?
The other problem is that you have to have the company's
debit card in order to be paid your commissions. This debit
card costs $39.99. So basically you are paying the company
to pay you.
Conclusion
While the Lawn Chair Millionaire program is not a scam, it
is not going to earn you a substantial online passive
income. A lot of people are looking for a "get rich quick"
opportunity. Unfortunately, to earn a great income online
you are going to have to put in some time and work. If you
are willing to work, recruit, and train others, then this
might be a program for you. However, if you are not
interested in sponsoring others, then it looks like you're
going to have to keep looking for that golden opportunity.
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If you are looking to earn a Substantial Online Income,
visit http://www.BigTicketWealth.org .
Brian McCoy is a six figure earner and one of the top
income earners in the home business industry. Brian works
with entrepreneurs around the world. He devotes the time,
energy, and effort into his team and works with them to
ensure their success.
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