EDC Gold is a company that has many fans and many
detractors. Those who laud it say that offers a real
product and gives opportunities for success. The people
who are against the program claim it is very close to being
a pyramid, sustained mostly by the fees of people who join
and pass their money up to the next level. The software
included in each package, some say, is of low quality and
may not operate correctly on your computer. The most
troubling fact is that when people stop joining, whether it
is because they believe it is not legitimate or because
these days they simply do not have the money, it would be
difficult for the program to stay operational. That sounds
dangerously close to a pyramid collapsing.
So because this program is heavily dependent on recruiting,
its chances of enduring a recession seem low. Now is not a
great time to join, even if you are not worried about the
ethical side of things. Critics point out that members of
this program are far more concern with how to get people to
signup for the program than they are in talking about the
products they could resell.
A quick outline of the program is below:
- There 3 levels and corresponding software bundles that
range from $69.95 to $997.
- It is a 2-up system for passing up sales.
- Website, training, and marketing tools are part of
membership.
- A new product, Promo Black Box, is being sold for $495.
This product is to help people develop websites.
Many businesses have the potential to fail during hard
economic times. High-ticket programs may have a higher
chance for failure, but any product that is not
competitively priced will be hard to sell also. However,
it can be argued that products that the same people buy
over and over again may be better to sell in the long run,
since you are not having to constantly hunt for as many new
leads and can instead be selling to people who already know
and like your product. EDG Gold has only come out with one
new product to generate more sales, and still a person is
only going to purchase it once.
What a company claims is possible in its marketing may not
be what is likely to happen. When a company claims you can
earn thousands of dollars in a week, it is probably wishful
thinking on your part to take these claims seriously. In
times of plenty, more people may be willing to take
financial risks, but in the current economic climate, your
sources of income are hopefully diverse enough for you to
weather the storms.
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Jayne Manziel is a successful Entrepreneur coach and has
helped hundred's of people build their business for over 20
years. She devotes the time, energy, and effort into her
team and mentors them to ensure their success. To learn
more visit Jayne's Making Money Online website at
http://www.freecashcoach.com . A proven leader, she offers
a Sales and Marketing Strategy for all of her team members
in achieving financial success.
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