One of the more recent opportunities for moneymaking
hopefuls is Lawn Chair Millionaire, which launched at the
end of 2007. Passive income is what the program promises.
If you join on the same day you submit your information you
are allowed a commission from the pool of money from those
who also paid to join on the same day.
Joining costs $80, and you have to sign up for a debit card
that costs another $64.99 to receive your money. Remaining
in the program requires you to pay another $30 per month.
So someone is getting some steady net income, but not you,
not yet anyway. If you begin to sponsor people, the price
of the debit card is reduced with each person you sponsor
and you can begin to earn some money. To avoid being
called a pyramid, the program offers a product called "The
Vault" which, by most accounts, is not that great--mostly a
list of other moneymaking offers that cost extra.
The relatively low cost and novel approach to payouts are
probably two big contributors to the buzz this new program
is generating. The more thoughtful persons in the crowd
probably realize that the scheme will not be able to last
forever, but that hardly seems to matter to most people.
It is almost as if a new casino has opened up and everyone
is curious to try their luck. Well, the odds may not be
quite such a longshot as gambling, but it is clear if you
add up the expenses and payouts that you can't have a net
gain of money without sponsoring people. So your chances
of making money without signing anyone else up are, in
fact, zero.
Like the couple pictured on the website, it seems that many
are responding to the opportunity and jumping at the chance
to grab some money. Whether all the people can manage to
pull in enough to cover their expenses hasn't seemed to
stop many from trying it out. They seem to be having fun
joining something new that doesn't cost hundreds or
thousands of dollars upfront. With such a recent
opportunity, it is not clear what the odds of success are.
So far everyone claims that they are being paid on the
first day they join, just as the site says. So it seems
that Lawn Chair Millionaire is not a scam, though it
remains to be seen how long they can keep the good times
rolling.
----------------------------------------------------
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.
No comments:
Post a Comment