Go Back   The Finance Forums > Finance forums > Business Finance



Business Finance Discussions about business finance, such as accounts and accounting, business loans, taxes, and related business issues.

Reply
 
LinkBack Thread Tools
  #286 (permalink)  
Old 12-09-2007, 07:19 PM
Junior Member
 
Join Date: Nov 2007
Location: new york
Posts: 5
Default Re: EDCGold Accounts

Hi Power Advisor 27. I have been reading this forum and other articles, and other forums, to find out more about MLM's. It is so confusing, so many different opinions, and so well explained comments, like yours for example. Anyways I have some questions if I may:

EDC have different levels of enrollment. The one that you subscribed to, the one at $400, gives you the right to use and sell so many products. If I, as a total neofit or beginner in marketing, computers etc., purchase those E-softwares, how can I benefit from them?

and if I decide to become a distributor for EDC and want to sell them, I suppose I have to learn the programs myself. How am I going to do that, and how long will the learning process be before I can sell them effectively. I understand there are hundreds of different products!!!

Thanks
Reply With Quote

  #287 (permalink)  
Old 12-09-2007, 09:16 PM
Power_Advisor27's Avatar
Senior Member
 
Join Date: Apr 2007
Location: Durham, NC
Posts: 121
Default Re: EDCGold Accounts

Quote:
Originally Posted by red bear View Post
Hi Power Advisor 27. I have been reading this forum and other articles, and other forums, to find out more about MLM's. It is so confusing, so many different opinions, and so well explained comments, like yours for example. Anyways I have some questions if I may:

EDC have different levels of enrollment. The one that you subscribed to, the one at $400, gives you the right to use and sell so many products. If I, as a total neofit or beginner in marketing, computers etc., purchase those E-softwares, how can I benefit from them?

and if I decide to become a distributor for EDC and want to sell them, I suppose I have to learn the programs myself. How am I going to do that, and how long will the learning process be before I can sell them effectively. I understand there are hundreds of different products!!!

Thanks
Hi red bear. Let me answer your questions. First off, the software titles, tools and courses, as well as the training that is provided by EDC Gold, can help you as a beginner learn the most effective ways to market a product, service, website or blog online. Everything is well laid out, so that you can understand and follow the training regardless of your experience or skill level. You will learn what popular niches are generating income for online entrepreneurs, how to enter into and sell within those niches, how to drive quality, targeted traffic to a website or blog, how to use blogs to generate income. In addition you'll learn basic selling techniques to be used both online and offline, such as how to properly initiate contact with potential prospects, proper follow-up techniques and how to close sales. That is what I like about EDC Gold, you get a complete education in internet marketing, not just bits and pieces.

This program is best for those who have a desire to learn more about internet marketing and/or who are looking to become an entrepreneur or are already an entrepreneur with products and services to sell. The products, which cover everything from establishing joint ventures and creating niche opportunities to making a website more interactive and driving traffic to that site, are digital products that can be downloaded directly to your own computer for use in your everyday tasks. The training completes the process by teaching members how to convert more of their website traffic into sales.

If you purchase the products from EDC Gold and then decide to promote the business opportunity or sell the products individually, you will want to learn what you can about the products. Anytime you're selling something, you should know enough about it to educate customers and answer questions. The good thing is that having the right mentor in the program can help a great deal in this! A good mentor will be there to help you sort through the products, and as you learn about them (and download and use them), you'll be able to categorize them according to their intended use, which will help you in your marketing. Surprisingly, if you're dedicated in your training, learning about the products will not take as long as you might thing. I would say a few solid weeks (perhaps 3 or so) to learn the general functionality of our products, and a bit longer (a few months) to experience them yourself so that you can provide honest reviews and answer questions. I have created a 5-week plan for my team members to help them learn about the business, the products they've purchased and will be selling, and basic (but very effective) marketing techniques to help them get started with their business. By that time, a person should be able to fully understand what we sell, who will benefit most from it, and answer most general questions.

Hope that answers your questions!

-PA27
Reply With Quote

  #288 (permalink)  
Old 12-10-2007, 01:14 AM
Junior Member
 
Join Date: Nov 2007
Location: new york
Posts: 5
Default Re: EDCGold Accounts

PA27, I hope I don't bother too much with my questions but I would like to keep asking questions to clear some thoughts.

Thank you for your answers and let me keep asking?

while researching on the net I've been coming across a lot of different EDC sponsors selling the system with their CHEESY websites, which all look alike (a photo of themselfs next to a sports car, big blue letters announcing how much money you can make and full of important phrases highlighted in yellow, and don't forget all their videos sitting in their room with a beisbol cap on, or relaxing and telling how easy is to make money.
PA27, that TURNS ME OFF. And is this kind of websites that EDC teaches you to build for yourself? I know yours is much more professional but you have a degree in marketing! Shouldn't EDC have some control and help to the design of the websites and the content? Please could you explain me what is going on?

Another thing that calls my attention is that all these websites don't show at all the products or any demo of how the products work; they ONLY advertise the system, system that you will learn and get rich. Isn't that going only to attract people with a dream of glamor instead of reaching a much more serious-type people?
I remember that in one of your comments you said that you were in EDC not only for the business opportunity but also because the quality of their products, and that you sometimes were selling the products and not the business opportunity. And I don't doubt it but how can a serious company or customer that wants to buy a product that offers solutions to drive more traffic to the website and so on, will want to lose time reading these types of websites where instead of information of the product there is a business opportunity, they already have a business.
PA27, forgive me if I sound to inquisitorial, I am just dying to understand this business.

Thank you very much for your time.
Reply With Quote

  #289 (permalink)  
Old 12-10-2007, 09:46 AM
Power_Advisor27's Avatar
Senior Member
 
Join Date: Apr 2007
Location: Durham, NC
Posts: 121
Default Re: EDCGold Accounts

Quote:
Originally Posted by red bear View Post
PA27, I hope I don't bother too much with my questions but I would like to keep asking questions to clear some thoughts.

Thank you for your answers and let me keep asking?

while researching on the net I've been coming across a lot of different EDC sponsors selling the system with their CHEESY websites, which all look alike (a photo of themselfs next to a sports car, big blue letters announcing how much money you can make and full of important phrases highlighted in yellow, and don't forget all their videos sitting in their room with a beisbol cap on, or relaxing and telling how easy is to make money.
PA27, that TURNS ME OFF. And is this kind of websites that EDC teaches you to build for yourself? I know yours is much more professional but you have a degree in marketing! Shouldn't EDC have some control and help to the design of the websites and the content? Please could you explain me what is going on?

Another thing that calls my attention is that all these websites don't show at all the products or any demo of how the products work; they ONLY advertise the system, system that you will learn and get rich. Isn't that going only to attract people with a dream of glamor instead of reaching a much more serious-type people?
I remember that in one of your comments you said that you were in EDC not only for the business opportunity but also because the quality of their products, and that you sometimes were selling the products and not the business opportunity. And I don't doubt it but how can a serious company or customer that wants to buy a product that offers solutions to drive more traffic to the website and so on, will want to lose time reading these types of websites where instead of information of the product there is a business opportunity, they already have a business.
PA27, forgive me if I sound to inquisitorial, I am just dying to understand this business.

Thank you very much for your time.
Actually, EDC does not teach us to create websites in that way. I believe that style of web design started with Chris Campbell, and when folks started seeing that he was making lots of money, they sort of "adopted" that style. I feel that the replicated sites EDC provides are a bit more professional than that.

In our training, we're taught to provide information to our prospects. We're taught to be original and to stay away from the hype. The company actually has had some classes on creating websites using a few of the products from our back office.

Again, when it comes to the products, it is up to the individual distributor as to how they choose to market the program. Many distributors have followed in the footsteps of former members who were top earners, thinking that this type of marketing will bring them more success. While the company has been involved in steering members in the way they should go, and terminating members that have been reported as operating unethically, there are still some distributors who stick to they hyped-up approach. Interestingly enough, I think they'd find that if they shifted gears to focus more on the products, services and training being sold, as opposed to just the income opportunity, they'd find a bigger market waiting for them, and would see more success. At this point, those distributors who are focusing on the products have a much greater advantage. The members that have been joining my team as of late, have done so for the products which they'll be using to further their own brick & mortar businesses, or to gain a better understanding of internet marketing to boost their current careers. Those are the types of customers I prefer to have, and the kinds of entrepreneurs I prefer to work with.

Like I've said, most of the concerns that people have with EDC Gold are actually caused by the individual distributors. I can say that they company is making an effort to clean up the bad reputation and enforce the proper way to operate. They are also using many of our newer products and shifting our training focus slightly to help members work on building a business mindset, rather than that "get rich quick" or "hit it and quit it" mentality that so many distributors have. I believe we'll see some major change in the way this program is marketing in the coming year!

I've made another post here on TFF regarding these topics and my feelings on the directing EDC Gold/EDC Diamond is moving. Click here if you're interested in reading a bit in the other thread. Let me know if you have any other questions!

-PA27
Reply With Quote

  #290 (permalink)  
Old 12-11-2007, 12:40 AM
Junior Member
 
Join Date: Nov 2007
Location: new york
Posts: 5
Default Re: EDCGold Accounts

Ok PA27 i start learning a little bit more about the company and I start understanding how internet marketing works, but let me "bomb" you with some more questions. So correct me if I am wrong. You can sign up with EDC at 3 different levels. For each level you purchase a package of products, mainly software, and a monthly subscription that covers the cost of hosting your future website and update your back office. Is that right? After the initial step, you are entitle to training with the co. who is going to help you learn the programs you just purchased. Finishing the learning process you will be able to advertise the products through your own website using the strategies you learned to market it properly. Is that Right, please correct me if I'm wrong. here it goes a question: Everyone that joins learn to use the same tools and learn how to market the product the same way. If there are already 100.000 distributors in EDC, with similar websites that market the same product the same way and using the same tools; isn't that a huge competition among each other; is it exist any realistic opportunity for the ones that join later? thanks again for your time
Reply With Quote

  #291 (permalink)  
Old 12-11-2007, 10:46 AM
Power_Advisor27's Avatar
Senior Member
 
Join Date: Apr 2007
Location: Durham, NC
Posts: 121
Default Re: EDCGold Accounts

Your initial answers are correct. There are 3 levels for EDC. They now stand and EDC, EDC Gold and EDC Diamond. The reason for different levels is because there are varying amounts and types of software, learning courses, tools and web scripts at each, with EDC Diamond being the most extensive (currently over 3000 products). I had a chance to look through all of the new material just this morning, and again I'm quite impressed. If anyone recalls a few months back, I got involved with Roadmap to Riches because I liked the products they offered, which are personal development-based. While looking through the updates and additions this morning, I saw that we now have access to every single one of the programs that Roadmap to Riches offers, in addition to hundreds of other new products (with a few exclusive courses and guides). I'm really excited about that, because I feel that I now have 2 programs in one. Roadmap to Riches was something we would have been using more for a project we're trying to launch in our community, not specifically for promoting the home business. Fortunately, I never had the chance to get too involved back then, and now we can get back on schedule with our community project without investing much more money!

Just as a side note, our retail product line Promo Black Box, which is doing very well in sales right now, is included with each membership level.

The monthly admin fee covers the following: extended hosting of the products in the digital marketing suites, tech & billing support, replicated websites (each member has 4 and costs help to cover hosting, bandwidth and maintenance of those sites) and costs of the live, weekly training via webinar. Aside from the initial product purchase and this admin feel, there are no other required fees to become and/or remain a member of either level.

The company does provide training to assist in a variety of things: learning to use the products you have at your disposal, learning basic to advanced marketing techniques and strategies (not just to promote EDC or these products, but can be used to promote literally any product or service out there), learning to build & maintain successful business relationships (including initiating contact professionally, following up with prospects, closing sales and customer service after the sale has been closed) and refocusing your mindset (learning to think like a business owner, not just a person looking to make a few quick bucks). We have also had courses on minor web design for those interested in creating their own sites instead of using the replicated sites.

Here is where you're a bit off. Yes, the company does provide us with this general training, but they do not teach us all to promote the exact same things in the same way. If you're only focused on promoting the business opportunity, you'll find that your market shrivels quickly because you are limiting the kind of business you can receive. Our training focuses more on helping us develop as business owners, so that we can develop our own niches based on our interests, create our own websites and promote the products and/or program in the best way for us. Of course there is competition. But this isn't unlike the job market. In college, we're taught (again depending on our interests) basic strategies, business models, communication...essentially the same skills as every other person in our degree program. Then we go out and compete for jobs, having the exact same educational background and experience. That is a very competitive situation. What sets employment candidates apart (much like entrepreneurs) is how they present themselves, how they handle situations and how they conduct themselves while on the job. Whether business or the job market, marketing is as much about selling yourself as it is about selling your products or services. There are hundreds of thousands of lawyers out there, all with the same or similar educational background. So how do consumers choose who to hire? It comes down, not to the service that they are providing, but how they promote themselves.

With EDC, you have thousands of products to choose from, with resell rights. You can find a genre or industry that best suites you, and set up your own niche business (if you're into joint ventures, you can learn all about how to create them and make them successful, and then sell services training others, teach classes as the community college or sell those products alone. If you're into Web 2.0, you can learn all about its benefits and the various ways to take part, then sell products focused specifically on Web 2.0, such as our advanced blog training, video & audio software and so on). A person does not have to focus on selling the entire suite of products to be successful. Sometimes specializing a bit works better! Not only do you have a choice in what to sell, but you're given training in a variety of marketing techniques. Again, you can choose those that best fit you. Some folks aren't good at blogging, so they opt for press releases. Some are better at formal writing, so they opt for article distribution. So yes, you are taught the same techniques as the other 100,000+ members (much as you would be in a college setting), but you don't have to do exactly what they do! The key is to brand yourself, get creative with your marketing, experiment a bit, and get local!

Keep the questions coming!

-PA27
Reply With Quote

Old Sponsors
  #292 (permalink)  
Old 12-12-2007, 01:00 PM
Junior Member
 
Join Date: Nov 2007
Location: new york
Posts: 5
Default Re: EDCGold Accounts

Hello again PA27, I really appreciate the time you putting into the answers, i know is in your best interest but you also explain yourself very well. Let's talk about the compensation plan: It is based on the "Australian 2 up" ? which you, the sponsor get the first two sales from the first two people that join the company under you, and also a percentage of their monthly subscription. As your first two clients get to signed more people, and these people sign up more people and so on, so it builds up a pyramid like structure shape in levels; do you get paid residuals from all the down lines, or you just get only income from the first level that you personally build up? And if you only get residuals from them ,the first level, what is your motivation to give them such a personal and caring attention? let me know if is not clear and i will rephrase it. Is there somewhere that I could get a list of the software at the 399 level, so I can have a friend look at it? Thanks
Reply With Quote

  #293 (permalink)  
Old 12-12-2007, 02:04 PM
Senior Member
 
Join Date: May 2007
Location: Central Ohio, USA
Posts: 278
Default Re: EDCGold Accounts

Typically I don't peruse any of the EDCGold topics simply because they've never been worth my time.

But I was kinda bored during lunch and decided to see what was going on...
29 pages worth of discussion?

Just seems common sense to me... I haven't yet seen an EDCGold member page selling anything other than an "opportunity". The products, training, and marketing may all very well be there. But what people are buying are not those products and the training, but the "opportunity" to make money from getting others to also get involved in the opportunity. Sounds just like a pyramid scheme (although technically the compensation plan may be different).

You ultimately make more money from getting people into the program than you do from selling the products. And I can take a marketing class by a board-certified marketing professor at a local university for less than $1000, so if I'm looking for an education, I'll look elsewhere. Not to mention the many books that have been written that can be read for free by going to your local library.

A friend of mine got into the whole health supplement scheme that involved selling actual products, supplements, but you made more money simply from signing up people under you. Each person under you was required to pay a sign-up fee, that you got a cut of, AND purchase a sample kit of products, of which you got a % commission on. If you sold any products *other* than sample kits, you'd still get your % commission. He was given marketing training and shown examples on how to sell the "opportunity", NOT the products themselves. Even though actual products were involved, it was just a disguise, really. They still operate today because of the presence of actual products and commission "overrides", yet they've gotten in trouble with the State of Ohio Attorney General on a number of cases. The supplements are re-branded generics that can be purchased in bulk for a fraction of retail cost...

I applaud the creativity involved with some of these schemes/businesses/opportunities. However, legal issues would be a major concern to me, AND the fact that in a world of differentiation how can one of these "cookie cutter" approaches really work for any extended period of time?

*shrug*
Reply With Quote

  #294 (permalink)  
Old 12-12-2007, 02:27 PM
Power_Advisor27's Avatar
Senior Member
 
Join Date: Apr 2007
Location: Durham, NC
Posts: 121
Default Re: EDCGold Accounts

Hello again red bear,

This is how the compensation plan works. It is what they like to call a "modified" 2 up system. Before EDC Diamond launched, new members had to pass up their first 2 sales to their sponsor in turn for help generating the leads and closing those sales. Even then, most of us didn't require that those sales be passed up. Now that EDC Diamond has launched, each program works in a different way. At the top level, no sales have to be passed up. At the mid level (now $997), there is a 60/40 split on the commissions of the first 2 sales a new member makes. The new member will earn $600 on each of their first 2 sales, putting them into profit while qualifying them! The sponsor earns $397 of each of those first 2 sales their new member makes, giving more incentive for sponsors to take more interest in the success of their team members. At the lowest level (now $397), the compensation plan remains as it was, with 2 sales being passed up to the sponsor by the new member.

I understand that so many people have a problem with the 2 up system because they feel that the new member is loosing out. However, the system is designed so that those first 2 sales are training sales in which the sponsor assists the new member in generating leads, explaining the products and business and closing the sales. Unfortunately, many distributors have taken advantage of this system in the past, which has (I feel) given it a negative reputation. The modifications to the compensation plan are supposed to help eliminate a lot of that issue.

As far as residual income, there are different ways in which this is achieved. At the EDC Diamond level, members earn a certain amount from sales made by their team members. That doesn't take anything away from the member making the sale, however. There is a short video on my website which breaks this down. Feel free to view it at your leisure. But in a nutshell, EDC Diamond offers $1500 in commissions per sale to the member who makes the sale, and $500 in commissions to their sponsor for assisting and training them. There is also monthly residual income that can be earned per team member. This residual is paid to us by the company, not the members. Again, the short video on my site explains in much more detail.

The structure that EDC has adopted now is more like a cross between MLM and direct sales. Members have the benefit of earning 100% commissions at the lower levels while taking advantage of some of the team-building features of MLM (without members having to build huge downlines or reach certain levels before they can earn, and without having to wait on checks from the company to get paid). I am interested to see how the newer modifications will work for EDC Diamond. It has potential to be successful, though I expect it to attract even more negative attention from those who were not fond of the company to begin with. My opinion is this: at the end of the day, it is still a business opportunity and meant for the members to have various avenues to earn from. I think people get too caught up in that aspect sometimes. Though there are more ways to earn and residual income, the program is not at all about simply earning by recruiting. They are providing us with more and better products to sell on our own, they are helping us to learn skills that we can use to promote or provide as services to others, and we are learning how to become more well-rounded business owners. For someone who is a business owner outside of EDC, the program has the potential to save them lots of money down the road by teaching them skills and techniques to perform services for themselves that they would otherwise have had to pay someone to do. It also teaches them how to make the best use of methods like PPC advertising so that they don't waste money on campaigns simply because they were unaware of how things work and how to set up properly. And of course, it allows them to earn an income along the way so that they can run their business without having to take out loans or use credit (or gives a better way for them to pay off financed items to build their credit). To me, all of those things are essential to a business owner who wants to pull more income in from their business than they have to give out through spending (in other words keep more of their hard-earned income) and run a business effectively without going into debt.

You mentioned something about what would motivate a sponsor to help their members if they don't earn residual commissions beyond the first level. Well I've always felt that when you enter into this kind of program and you choose to promote the business opportunity, you understand that you will be responsible for assisting those who join your team. Therefore, a person shouldn't need motivation to help their members. They know that if the tides were reversed, they'd want someone to help them along the way, so they should be decent enough to provide the same courtesy to their members. However, we don't live in a perfect world, while a person shouldn't need motivation to help the members who've made it possible for them to earn an income in the first place, I guess such is necessary for some less-involved people. Residual commissions are offered on all personally sponsored members. So that motivation is there to encourage sponsors to help all of the members that join with them. The members on the second level should be being helped by there immediate sponsor. I have a program in place to help my indirect team members as well as my personally sponsored members. I'm of the belief that the more you give, the more that comes back to you. And if I'm helping some, why not others? No, I don't earn directly from those past my personally sponsored members, but if I don't help them, then my personally sponsored members won't see success and may drop out or become naysayers or whatever the case may be. Then it does directly affect me. The more we help each other, the more the company will grow and the better the reputation of the company and home business in general will become. The "greater good" benefits me personally just as much as it benefits everyone else in the long run.

Lastly, the lowest level of EDC has 15 pages of software, with some pages having as many as 50 to 100 titles. There is no set comprehensive list of software that I know of, though they have updated our back office so that new members can see distinctly what each program offers (separated into different sections). I still have not gone through every single thing myself, and I've been involved for almost a year. What I am currently working on is creating more extensive lists for each program to put on my website because I feel it's important for potential customers to know more about what they're getting. Again, these lists will not contain every single product available in the back office, but they will provide more insight than what is listed on the replicated sites (and they will be broken down into categories for easy viewing). I'll let you know when that's ready (probably within the next few days).

-PA27
Reply With Quote

  #295 (permalink)  
Old 12-12-2007, 03:23 PM
Power_Advisor27's Avatar
Senior Member
 
Join Date: Apr 2007
Location: Durham, NC
Posts: 121
Default Re: EDCGold Accounts

Mynion,

You are certainly entitled to your opinion. If you feel you can get the education elsewhere and the products are not worth purchasing to you, then so be it. I cannot speak for anyone else but myself or speak to anything other than what has involved me directly. I will say that many distributors only focus on selling the opportunity, not the products. However, there are many of us that do value and focus on the products. And despite what may be said, there are many members that join because of what they feel EDC can help them do with their own businesses (which would involve the products and the training).

I have taken marketing classes taught by board-certified professionals during college. And a few of the classes were less than $1000 (though not by much). I can only speak for myself, but those classes didn't teach a good majority of what I really needed to know. They were more like abridged versions of what I'm getting now. So while they weren't $1000, I consider them a waste of money all the same. Not to mention, a waste of time and additional costs for gas for going back and forth in the city every other day, books and materials, etc. When you add it all up, it came to about $1000 if not a bit more. And yes, a person could just opt for online versions of the courses taught be "accredited" online universities. But then, that's really no different from what I get with EDC. For myself, I have always found that I learn better from those who are actually out in the field dealing with specific issues or techniques every day, as opposed to those who just teach the theory of a concept or skill. Hands-on experience matters much more to me than being board-certified. At the end of the day, I want to know that the person who is educating me has experienced all of what they're teaching on their own, and have developed different ways of approaching different markets. I don't feel that I've ever gotten that from professors. Perhaps they've been out "in the trenches" before, but have probably been teaching for several years now and the experience they do have to share is a bit outdated. I prefer someone with their own company who is using and dealing with the same marketing approaches and issues each day. They have more relevant and up-to-date knowledge to share, in my opinion. Not to mention, if someone has a degree and has done their time in the industry, it is really all the same. Teaching in a school doesn't make the education any better or more worth the money. These are all just my opinions, though.

I am enjoying the members I have. All of them are working toward specific goals to boost and/or start up their own local businesses. I make a point of speaking directly with members before they join. I will say that out of the 6 newest members I have, about half of them have businesses they're looking to boost using the products and training from EDC, 1 is currently in a marketing position in the work force and looking to enhance his knowledge of online marketing and the others have set pretty realistic goals to earn a decent enough income to take care of debts. I don't see any greediness in those goals. I don't see people wanting to join just to make a bunch of money from others joining. I see people who are more interested in using the products themselves, or learning the skills. That is what matters to me. Again, I can only speak from personal experience, and I am only one member among thousands. I realize this. And so it is what it is.

The alternative, in my opinion, is to overpay for college education, degrees, certifications, collect and nice amount of debt in student loans while doing so, and find a job in whatever field I got a degree in to pay off those loans and make ends meet for the next 30 or 40 years. I don't personally prefer that kind of life. Everyone cannot up and start a brick & mortar business. Not only is the initial funding an issue, but so many other factors like credit scores, location and other financial responsibilities affect the success. We've all heard the statistics. We know that it takes a whole lot to get a business through its first few years. Home business, no matter whether its MLM, direct sales, or telecommuting for physical companies, has made it easier for folks to get more of a handle on their lives without taking up so much time that they have little left for family and personal interests. Everyone isn't born into a rich family, and everyone can't afford a college education. Some have to work to pay their way through college. Programs like EDC make it easier to do this. I don't see the harm in that. I have always said that if people do what's necessary to keep themselves in line with state and federal laws, file taxes properly for what they've earned and operate with more than just the income-earning aspect of the business in mind, they can eliminate the legal issues. As for whether the company itself is operating as it should be, I've seen nothing to the contrary, and at any rate its for the FTC to decide. As EDC has been around for about 2 years now, and we've not heard of any past or pending investigations into the company's operations, I can do nothing but assume that they are operating as they should for the time being. As long as I do what's necessary for myself, there shouldn't be any other concerns.

If you consider the products and/or training to be overpriced, then so be it. That is why there are so many different avenues for how and where to get what you need individually. However, lets all remember that most every product sold in this country and others are severely overprices. Most of what we buy doesn't cost the price we paid to make and/or distribute. I realize that 2 wrongs don't make a right, but home businesses and the products they provide are no different from products purchased at physical locations in that respect.

Every job opportunity or corporation in this country (and most everyone in the world) is set up as a pyramid. I'm not just saying that to justify what's considered a pyramid scheme. I have been in the work force for enough years to realize this. Unless you are among the top level executives of a company, your earnings are not the highest of what the company offers. With most corporations, those who do the majority of the work are underpaid, over-taxed, their salaries capped and provided just enough benefits to keep them quiet (if any), while the presidents, VPs, CEOs and other higher-ups reap most of the benefits (extended, paid vacations, shares in the company, larger salaries that are not capped at a certain amount, better daily working conditions...). Anyone who denies this is willfully blinding themselves. Perhaps EDC has, with its newer compensation features, become more like a pyramid. However, at least if it is there are opportunities for everyone to benefit and earn equally. I do not earn anymore or less than other EDC members because of the structure. My earning depends solely on me, my creativity, my efforts and advertising budget. Though I earn from assisting my members in terms of residual income, the fact that I earn doesn't take anything away from them and they're ability to earn. Not being at a certain level doesn't automatically mean you earn less than others. I'd rather be involved this way than working a good chunk of my life to make others rich. If I may be so bold as to say, this country no longer works to help the middle and lower class see success. It's no longer concerned with providing for the workers that make most of its economic development possible. It no longer cares to make the America Dream possible for everyone instead of a select few in the top few percentile. It's nice that there are still ways, like this program, where average, working class people can learn what it would cost them much more to learn through degree programs in colleges and also earn a living while reaping more of the benefits of their time and labor. That is what EDC Gold and programs like it provide, in my opinion.

-PA27
Reply With Quote

  #296 (permalink)  
Old 12-12-2007, 05:47 PM
Senior Member
 
Join Date: Jun 2006
Posts: 806
Default Re: EDCGold Accounts

Quote:
Originally Posted by blovd500 View Post
I've eyed this forum a couple of times over the past six months and have just have a few questions for our busy Brian. (You do come across very well educated and well spoken Brian. It would be a pleasure to do business with you in any circumstance IF we had a common goal.)

Brian, how much do you pay your top producer...out of all of your business ventures? I'm not asking about your personal income. Is it part of your business plan to create several six figure income earners other than yourself in any of your businesses?

Please tell me that in any of your business ventures that the gentlemen and women you hire have the ability to make as much or more money than you.

Please explain to me how you are not sitting on top of a 'pyramid' in any of the business ventures you create if you do indeed have employees and if you pay yourself more than those who work 'beneath' you.

Also, if you go into a business partnership, do you pay your partner's ways in to the business? Or do you expect them to put up some capital or skill or time invested in order to receive their proper percent of profits from your joint venture?

Am I right to assume that you're opinion is that your business structure is 'better' more 'legitimate' than EDC's because you market and make money through other methods rather than building a sales force utilizing multi-level leveraging incentives for those who provide the items or services you sell/market?
Heh, interesting questions.

The big difference between my own business ventures, and EDC and similar, is that I do not sell a service that solely involves paying me to join my company.

That's the difference - to make money with EDC, you have to pay to join, and then charge others to join the project.

I don't charge people to join my business - instead I pay them, and pay them for their specialist knowledge.

You make a good point about the sales force, though - EDC seems pretty focused on aggressive marketing, where the "product" marketed isn't the actual "products" paid for (ie, downloads), but instead a dream of easy money through charging others to join and charge etc.

That tends not to sound like a great business plan. You see, speaking proverbially, I want to still be able to pay my mortgage from my online business in 5, 10, 20 years time.

Can anyone seriously tell me that EDC in its current form has any real longevity?

PA_27 comes across as someone leveraging the scheme to bounce up to other more resilient income models, which is worthwhile.

But it's hard to be convinced that the majority of similar schemes, which are targeted directly at people who want to make money easily, are either resilient or respectable.

That's just my 2c, though.
Reply With Quote

  #297 (permalink)  
Old 12-20-2007, 04:19 AM
Junior Member
 
Join Date: Dec 2007
Location: FL
Posts: 1
Default Re: EDCGold Accounts

Edc Gold has crappy products with nothing in them. Believe me I used to be in this program but i got sick of my sponser David Dubbs not helping me and i also got sick of paying monthly fees to the company when I wasn't making any money. It's also hard to make sales when the owners of the company compete against you. They have like a $12,000 a month marketing budget. Plus They are making money off of all their old and new members even if that person gets qualified they still get monthly income from them because of the monthly fees you have to pay. EDC Diamond is a prime example of the monthly fee roll up that goes forever.

Listen, I came in EDC GOLD for $997.00 and then was tricked to have to give up another $2,000 which is two sales to qualify that goes to your sponser and plus pay a monthly $39.95 to keep the Dave Dubbs marketing site and training site. Then you also have to pay the Edc Adminstration fee which is a monthly $49.95 to get paid through their replicated site that's supposed to be yours. Oh i forgot that you also have to pay for you Linkpoint Merchant Account which is like $38 dollars a month and you might need a 1800 number $$$$. Plus Advertising and certain marketing things they tell you to buy google adwords can kill your pocket book
Also David Dubbs tells you to buy what he uses to market. What everybody doesn't know is that majority of the sites that he tells you to go to and purchase products, are just one of his affiliate sites that was given to him from that company for that certain marketing product. You'll see his hoplink (yipit) attached to most of the sites he gives you if you pay attention to the web address bar at the top. It seems like everything he tells you to buy puts money in his pocket. No wonder he make over $100k a month
Everytime I emailed Dave for help or called one of his 1-800 numbers and left him a messagefor support, He always had someone else send me a message back. Where's the real support Dave. Edc Gold Drained my bank account and for one whole year I stayed dedicated to make it work and I never made a single sale.
What's really scandalous is that when I first joined Christmas 2006 Edc Gold was a new program in Easy Daily Cash that had just launched with a bigger payout plan. At that time Dave Dubbs was telling people that for Christmas he'll give them a super special deal for the Holidays. He said that if they joined with him in Edc Gold for $997.00 that he would automatically qualify them in Edc Gold program and all the lower programs like EDC and YNF. This way all he gets is a one time $997 from you and that's all. I thought that was a no brainer deal as Dubbs would say. So I signed up thinking I was already qualified.
A Few Months passed with me plugging into the system and I still haven't recieved a sale. Then one day I got curious and went to my replicated site and made a fake registration name and Id just to see what'll happen. That's when I found out that I was lied to and that when it came down for people to join me, no matter what happened Dave was gonna get paid first twice.
I'm not gonna lie Dave gives you good training but in the end you still have to pay for it every single month. Bottom Line is that I left EDC Gold for another real program with no monthly fees,convincing,explaining, or selling out dated digital products......Hope this info helps you make the right decision for your future success in a Home Based Business.

Sincerely,


Your bank accounts Guardian Angel
Reply With Quote

  #298 (permalink)  
Old 01-05-2008, 01:39 PM
Junior Member
 
Join Date: Jan 2008
Location: harrisburg pa
Posts: 1
Default Re: EDCGold Accounts

I am an EDC member doing pretty well, thank you very much. My comment is for those who say the products are not sales worthy. I have made more money selling the products than the opportunity. How? Easy, I have several websites covering several topics selling the products for me almost automatic. Now the opportunity itself is also wonderful, I'm going back to basics here, it is a home business ,treat it as a business you will do well, treat it as a hobby and you will be on this forum and many like it complaning.

Lets Get This Money!!!
Reply With Quote

  #299 (permalink)  
Old 01-10-2008, 11:26 PM
Junior Member
 
Join Date: Jan 2008
Location: United States
Posts: 1
Default Re: EDCGold Accounts

Hey Guardian Angel,

Why not post what you did so I know what NOT to do?

John D. Ward
Reply With Quote

  #300 (permalink)  
Old 01-13-2008, 02:38 PM
Junior Member
 
Join Date: Jan 2008
Location: Texas/US
Posts: 1
Arrow Re: EDCGold Accounts! Why I Quit EDCGold?

Somebody Needs to Get Rid of These Potatoe Heads Out There that Are Saying That You can Get Rich With My 100% Automated System. They are Claiming to Say that You Don't Have to Call Anyone, You Don't Have To Present, I mean who is going to believe this mumbo jumbo and who are they trying to kid. When Someone Approaches You about Marketing and This is If You Are going to Continue to Be a Marketer, Then You Need to Ask Them This Question?

What Do You Know About Marketing and What can You Teach Me?

"Marketing is the Art and Science of Communicating, Empowering, and Developing Relationships With other Human Beings based on Their Needs Not Mine or Yours."

Last edited by jerrygonzalez; 01-13-2008 at 02:41 PM. Reason: added a few sentences
Reply With Quote

Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



» Boards




All times are GMT -4. The time now is 03:39 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.5.1 ©2010, Crawlability, Inc.