there are all the (mlm) hallmark misleading statements. No mention of the $439 sign up fee, the $100 a yr renewal , $39 a month “license” fee, and lord knows what other hidden fees there are. And we are supposed to believe that after one “just recently becomes a member”, one is offered a $199 all inclusive cancun vacation. I won’t dignify the rest of the “residual income” and “recruitment”spiel…. (The stock is traded Over the Counter, currently at $0.42 – Could be a money making opp there -jk;).) So the “publicly traded” bit was misleading too! They are “listed” but not traded – except OTC.
When someone comes in and starts making claims about how good a company is but doesn’t care enough to be professional and use proper grammar, I wonder if they even know what a good deal is.
None of us will use perfect grammar all the time, but if we’re trying to sell people on a business opportunity, we’re representing that business. If we, as a representative of that business, cannot show that we can adeptly use language, the most important tool in any business, then we’re telling people from the start that it’s just not as good as we say it is.
what interested me was the travel perks. They are a MLM company but what was unique about it, was that they offer stock option and they are a public traded company. Thats what caught my attention, but regardless they are MLM.
My only reason for joining was that every quarter you get a super and I mean super deal on resorts stays. The last one was to a Resort in Cancun all inclusive 4days 5nights for $199.00 Now thats a deal. I love to travel and maybe on average take 2 to 3 Vacations a year. I over looked the the MLM part of it because of the perks. Along with all that you are a independent travel agent with their co. and have the ability to recruit people into the orginazation and thats where the residuals and bonuses start. So for those that love to travel its like having a Costco card of travel, is basically the way I approached it.
Well, actually, she did, but her response revealed her true intentions, as they so often do:
“I hope my reply gives some idea. If you like, please feel free to email me personally, then I can introduce you to a community, where you can learn lots about business, and you will never be ripped off; and in which the rule is not to mention of a specific company or a product.”
Yep, another one… (sheesh)
In the immortal words of Hall & Oates, She’s Gone.
“there’s gonna be LOTS of hoops to jump through, and it’ll be awhile in the process…….” First things first. It’s not enough for most farm loans, to merely be earning a profit at the moment. Every ag lending program I’ve ever seen, whether through USDA or through commercial lenders, requires that you show your business records for typically the last five years. They want to know that not only are you managing things well now, but you have a long track record of managing the farm profitably through all the regular ups and downs of whatever market you’re selling for. And when I say records, I’m talking about typical business accounting reports like Profit & Loss, Cash Flow, taxes, sales records, cost of doing business, etc. So if you don’t have those records, and/or if you don’t have rock solid performance, that right there may disqualify you.
Having said that, perhaps a more careful and prudent approach would be to find a local or regional ag lender, and go in and talk to them about what you would qualify for IF you decided to refinance. Most lenders are happy to sit down with someone (whether residential, commercial or in this case agricultural) and go over your actual numbers to see what you could do today. Ask them about that particular program too, and see if they have any experience with it or with other USDA lending programs. That would give you some really valuable information not only about whether you qualify, but also what are the hoops going to be. Also find out how long it takes between actually making the application, getting an answer, and then getting the money. Those loans are rarely fast. Think in terms of months. Particularly since the USDA offices are coming off the furloughs, they’re going to be seriously backed up with paperwork that needed to go out three weeks ago. I’d let this sit for at least two weeks and let them start to get caught up, before going in for that appt.
Most importantly: if you don’t qualify now (and don’t be surprised if that’s the situation) ask what you’d need to do now, to qualify down the road. This also applies not only to your situation, but to ANYONE wanting to refinance ANY type of loan. Lenders have had a hard time keeping up with all the new financing changes given how flaky the economy has been the last five years or so, and that’s their day in day out jobs. Very difficult for borrowers to keep up with those changes. So even if you would have qualified a few years ago, the rules are all different now. Given that, it’s very, very common for a borrower, or potential borrower, to want to find out what they qualify for. You’d make the lender’s day if you walked in without your heart set on X, but rather wanted to see where you stood and how you can strengthen your application. Or, if you already do qualify, then you’ll KNOW instead of wondering. We’re preparing to do exactly the same thing so that we can learn what to do now, to be able to qualify for buying the farm where we rent land. We don’t want that moment to come one year, two years or five years from now, and go in with fingers crossed, and find out we don’t qualify. Better to find out now, and kill those obstacles now, then present a really solid application later.