Re: EDCGold Accounts
Hello again!
Here are answers to your questions:
1. You are correct. There are 3 memberships, at $997, $297 and $69.95. The difference in pricing is because each suite of software and tools is different. They each contain different items and different amounts of items.
2. There is an administrative fee for each membership. This covers maintenance of the back office (which houses your downloadable tools and software, recorded training classes, other free marketing tools and other training. It also enables you to track your team members and your earnings), and the costs of the live, weekly training. There are now 7 training classes held per week via web conferencing. For the Gold membership, the admin fee is $49.95 per month or a one time fee of $350 if you don't want to pay monthly. For the EDC membership (mid level), the admin fee is $29.95 per month or a one time fee of $250, if you don't want a monthly bill. For the lowest membership, the fee stays at $69.95 a month.
Total initial costs for each program: Gold is $1,046.94 (membership fee and admin fee), EDC is $327.95, and YNF is just $69.95.
3. Replicated Website costs: For either the Dubbs or the EDC replicated site, $39.95 a month. I believe these came about because otherwise, an EDC or Gold member would have to promote 2 or 3 different links for each program, which is time consuming and inconvenient. However, I think it unfair to charge (and even if, charge so much) for that. Let it be known that I don't recommend these sites, nor do I use them. I have nothing against Dubbs or the company, but I don't feel that they do a good job of converting website visitors into customers (and that's the whole purpose of the website, right?), not to mention there are hundreds of other distributors using the same sites. They are also not the least bit personalized. For my team members (and myself), I create a customized marketing website (complete with registered domain of their choice) free of charge. And of course, they can promote all levels of EDC Gold and the PromoBlackBox product in one place.
I also provide the same customized marketing sites for other EDC members not sponsored by me. For this, I charge $29.99 a month. The only reason I charge is because I create these myself, which takes time from my training and business. However, it is a less expensive alternative to the replicated sites, and with a more personal touch (which is proving to convert visitors into customers better than replicated sites).
Let it also be known that no member is forced to purchase these. There are plenty of free providers out here that allow the creation of free websites, and a person doesn't have to know anything about creating websites to use them. They may not be as professional looking as other sites, but then, you get what you pay for....
4. There is a merchant account called LinkPoint that is recommended. However, it's expensive, something like $299 set up and activation, and $99 a month. The only advantage is that it can be linked directly to the company sites. They do recommend Safepay, which is free and allows you to accept Visa, Discover, eCheck, and Safepay balance, and can be linked to the replicated sites. And there are others you can use outside of the system, such as Alertpay and Google Checkout which are also free. EDC also recommends Freedom Charge, which is free and allows all major credit cards. The only problem with it is that it takes about 3 weeks to become completely activated, so you may have to use a free option like the ones above until that merchant account is activated. And then, you can always accept cash, check, money order or wire transfer if you want.
5. Having your own domain isn't required, but recommended. The prices vary, but here are some inexpensive options: Yahoo offers domains at $1.99 a year for the first domain to new customers. If you needed more then one domain, you could always create a new Yahoo account, for which you'd be considered a new customer and eligible for the $1.99 pricing again. Domainsarefree.com offers domains at $3.99 a year, and GoDaddy offers them at $9 a year.
6. There are no required costs other than the initial membership fee and the monthly admin fee. All of this other stuff is fluff. When I started, I had limited funds, and only dished out $327.95. That was enough to get me going. Folks have got to be savvy enough to realize that if it isn't required, then you don't have to purchase it. Simple concept.
7. Refund Policy: No refunds allowed. Before anyone jumps to conclusions, there is a very good reason for this. The products that a member purchases are available in a downloadable format. It is impossible for EDC to get those products back from a person, or to monitor or regulate who has downloaded what. Most companies that offer refunds sell tangible products, and give out those refunds once they receive the product back. Since EDC can't go into the home of every single member and wipe their hard drive clean of every piece of software (and that's assuming someone didn't have some of the products before they joined), no refunds are offered. It protects us as distributors as well, because that refund would be coming from us, not the company. If refunds were allowed, our money would have to sit in something much like an Escrow account and not be touched, because you never know when someone is going to want a refund. Not to mention, it leaves the door open for scammers to join, take their time and download any or all of the software and resale rights they want, and then request a refund. They walk away with software that they can take elsewhere and make a profit on, and we're left with nothing. People have argued that there is no refund policy because our products are worthless, but it doesn't have anything to do really with the quality of the products, but with protecting us.
I do know of a member who's experimenting with giving all of his new members a 30 day money back guarantee. I applaud his faith in his business and what he's providing, but he'll probably face some of the same things I described above. To me, that might just bring about extra and unnecessary issues to deal with, that he would otherwise have been protected from. The point is to earn money by working smarter, not harder (or at least, that's what I thought). I'll update you on how his promotion goes if I hear anything.
8. Yes, I've had to mentor folks with little experience in computers, internet skills or marketing. I don't mind it, either. This world can be a bit cruel to newbies. The way I think of it, we were all newbies at some point in time, and we wouldn't have liked anyone disregarding our needs just because we were inexperienced. I have actually created a marketing training course that was designed for newcomers to home business and internet marketing. It is 20 pages of advice, tips, tricks, techniques and free and low-cost advertising resources to help newcomers get started. And I provide 1-on-1 training, which is of course personalized for each member and their level of skill and experience. The nice thing is that our business is straight forward. It is simple to understand and simple to work, once you have a bit of guidance. It can be as simple as just talking to folks and letting them know the facts, like I'm doing with you. You don't have to learn phone scripts, you don't have to go out and do live prospecting, you don't have to purchase leads or use cold-calling techniques. All a newcomer has to do is take the skills they are taught, and apply them, and along the way ask questions is there is something they don't understand. And all I do as a mentor is guide them. I suggest the best (and least expensive) places to advertise based on my own experiences. I teach the techniques that have the best results, I provide them with tools to help them market their business. It's a simple, but beneficial relationship!
I've also heard someone argue that once a newcomer goes through training, they then become competition for their mentors. Everyone handles their mentor-to-member relationships differently. Personally, my team members aren't competition but partners. We all help each other. I've posted about this on another forum which goes into greater detail. I'll post a snippet from that in my next post.
9. It took me about 2 and a half weeks to get my first sale. But then again, I didn't have a helpful mentor. A lot of what I did was trial and error, which takes time. Had I known then all of the things that I've learned along the way (like which advertising is effective and which isn't), I'd have probably made my first sale sooner. Of course, it varies for each member. Most of my team members work full-time, so we don't get to training every day. Some folks are only available late night, which doesn't work out too well if folks are asking you to contact them back. There are lots of factors involved. Thankfully, my fiancee had enough faith in what I was trying to do, that he suggested I stay at home to see if I could make it work, and he'd pick up the slack. I think the fact that I can be available at any time has really helped my business. Had I also been had that opportunity when I first joined, I probably would have made my first sale more quickly.
I set realistic goals for folks who are interested. I let them know that this business can start off slowly, especially if they don't have a whole lot of time to devote to it in the beginning. I let them know that many members I know of have made their first sale by 1 month in. That may seem like a long time to some, but it's not a get rich quick scheme after all. It takes time to build your business, and more time to learn and perfect your methods. 1 month for a newcomer to make a sale isn't bad at all, and even better if I decide just to let them keep that sale!
Hope that answers your questions thoroughly. If you have any more, feel free to lay them on me!
-PA27
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