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  #231 (permalink)  
Old 09-06-2007, 08:26 PM
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Power_Advisor27 Power_Advisor27 is offline
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Default Re: EDCGold Accounts

Brian,

As I've stated, I don't doubt that you have a life or things to do. However, it seems a bit unjust and unprofessional of you to continue putting EDC Gold down when you have not made any attempts yet to learn more about the company. That is just my 2 cents.

Also, if you feel that everything I've said only reads as company marketing, then that is your opinion, but does not take away that I've answered all of your concerns directly, and on more than one occasion. I have provided valid information about this program which can be referenced. You have only provided your opinion. As well, if you feel I'm wearing "rose-tinted spectacles," then so be it. But I don't think I'm as blind to what's going on as you may think. As I've stated before, I'm no sucker or dummy. I know how to do research, and I know a lot more about law and business then you may think (having owned a small business myself). If I felt in the slightest that EDC didn't operate according to law, then I would not tarnish my own name by getting (or staying) involved.

I made a call to the FTC's Consumer Response Center today, just before 2pm EST. I asked stated exactly what company I'm with, told a bit about our operations, and asked some specific questions as to whether we're operating within the law. For the response I received, it does not seem (as I've always felt) that EDC is doing anything that would cause the company to fall under investigation. The representative I spoke with informed me of the way in which complaints are handled. stating that they do not handle individual disputes, but will investigate when they have received a large number of complaints. Also, she stated that the majority of complaints fall under 2 categories: deceptive advertisement or non-receipt of goods/services. EDC does not falsely represent what it provides. There are terms stating exactly what is offered, the return policy and so forth, that can be viewed before a potential or customer makes a purchase. The websites also list an Earnings Disclaimer, which is a requirement. EDC does not falsely represent itself just because it is called "Easy Daily Cash Gold." Because that phrase can be interpreted in several ways, that alone is not a proper basis for discrediting the program.

I have also requested a transcript of this conversation in email and audio formats, and will make this available on my website as soon as I receive it.

So far, it does not seem that EDC Gold is operating outside of the law, or that there are any pending or current investigations surrounding the program. The company seems to be adhering to the guidelines that have been set for home business by the FTC, which are mainly as follows (this is what I've gathered from my own research and today's conversation):
  • Distributors must provide all information about the company and products before receiving payment
  • Company must provide a disclaimer for earnings, stating that any and all figures used on marketing material and/or websites are examples only, and not indicative of the results that will be achieved by every member.
  • Company must provide products and/or services in exchange for payments.
  • At least 50% of commissions earned by distributors should be the result of sales to end-users
EDC as a company adheres to all of those guidelines. Those which focus more on individual distributors will have to be evaluated on an individual basis. My stance on this program still stands, and I'll continue to answer questions and address concerns regarding the EDC Gold program. However, I respect your opinions. If you do not feel this program is what it claims to be, that is entirely on you. And my offer to provide more info to you still stands whenever your life slows down.

-PA27
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  #232 (permalink)  
Old 09-07-2007, 07:41 PM
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Default Re: EDCGold Accounts

PA27, I may have my own personal concerns about EDC Gold - it's hard to negate those - but I do really like the fact that you've stuck around, and generally made a point of patiently putting forward your argument.

At present, I may have difficulty agreeing with it - but by not trying to censor you, and allow you to make a counter argument, I think that's the most constructive outcome for everyone.

I'm happy to allow the public reference of this discussion - so that individuals can make their own individual minds about the EDC Gold program.

In the meantime, I'm beat - my business bank messed up, freezing my company payments for 10 days by two sets of cock-ups by the bank, and when it all got back to normal today, and I should have spent the day catching up on the book keeping, I've instead had to spend the afternoon fighting off a lawsuit over another thread here.

Thank crunchie it's Friday.
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  #233 (permalink)  
Old 09-07-2007, 09:12 PM
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Default Re: EDCGold Accounts

Quote:
Originally Posted by brian View Post
PA27, I may have my own personal concerns about EDC Gold - it's hard to negate those - but I do really like the fact that you've stuck around, and generally made a point of patiently putting forward your argument.

At present, I may have difficulty agreeing with it - but by not trying to censor you, and allow you to make a counter argument, I think that's the most constructive outcome for everyone.

I'm happy to allow the public reference of this discussion - so that individuals can make their own individual minds about the EDC Gold program.

In the meantime, I'm beat - my business bank messed up, freezing my company payments for 10 days by two sets of cock-ups by the bank, and when it all got back to normal today, and I should have spent the day catching up on the book keeping, I've instead had to spend the afternoon fighting off a lawsuit over another thread here.

Thank crunchie it's Friday.
Well Brian,

I'm sorry about your situation with your business banking and issues with the forum. I hope it all works out for you. And I do thank you for allowing this EDC discussion to carry on. I have had experiences with another well-known forum that has elected just to lock down any thread about EDC Gold, and delete my posts. So much for free speech....

Anyway thanks for allowing such constitutional freedoms here, and I hope your personal situations work out.

-PA27
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  #234 (permalink)  
Old 09-11-2007, 01:14 PM
SuzieQ SuzieQ is offline
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Default Re: EDCGold Accounts

I had to take a minute to congratulate you as well Brian; pa27 struck a cord with me on this. :-)
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  #235 (permalink)  
Old 09-12-2007, 10:11 PM
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Default Re: EDCGold Accounts

Well from my experience I see nothing wrong with this business.

In the last couple of months I have had tons of training, support and someone to guide me through everything.

I have found with every business venture a person gets involved with there is a certain amount of risk, you do your due diligence and see if you think its a right fit for you or not. If not you walk away and onto the next thing. But nothing has raised any red flags with this company.

The information I have gained here is invaluable and I am way further ahead then I was just a couple of months ago.

Have a great day everyone
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  #236 (permalink)  
Old 09-24-2007, 04:11 PM
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Default Re: EDCGold Accounts

OK, let me take this opportunity to say that I have had a chance to exchange emails with PA 27, 3 or so weeks ago, before I even knew this post existed. She then came across as a very conscientious business woman who legitimately cares about the business she is affiliated with and the people she mentors and trains. I myself am NOT associated with EDC but would be if not for an ethical barrier(I represent another venture). After reading through some of these posts, it's clear to me that PA 27 has displayed a level of professionalism that is unheard of in the business realm today.

My point?
Be considerate of people like her who conduct business in a proper fashion while at the same time getting all the right information to make that informed decision.

sincerely, Frank Thomas

Last edited by FrankThomas; 09-24-2007 at 11:09 PM.
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  #237 (permalink)  
Old 09-24-2007, 04:18 PM
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Default Re: EDCGold Accounts

OK, let me take this opportunity to say that I have had a chance to exchange emails with PA 27, 3 or so weeks ago, before I even knew this post existed. She then came across as a very conscientious business woman who legitimately cares about the business she is affiliated with and the people she mentors and trains. I myself am NOT associated with EDC but would be if not for an ethical barrier(I represent another venture). After reading through some of these posts, it's clear to me that PA 27 has displayed a level of professionalism that is unheard of in the business realm today.

My point?
Be considerate of people like her who conduct business in a proper fashion while at the same time getting all the right information to make that informed decision.

sincerely, Frank Thomas

Last edited by FrankThomas; 09-24-2007 at 11:08 PM.
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  #238 (permalink)  
Old 09-24-2007, 09:29 PM
csendres csendres is offline
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Default Re: EDCGold Accounts

Hello everyone

I am sorry for what I am about to do, but brian is right. It may be difficult to understand any other way so look at an example.

If EDC had completed the market, and by that I mean dried up the well of interested new joining members, If there were NO ONE left to join EDC, where would the money come from? The Black Box? Do you think an entire organization dedicated to selling the one cool product that can make anyone any money might find itself losing members to market saturation?

Do you deluded people who justify a business venture just because it happens to be working during the time of your participation somehow fail to understand what fallout means? Once you reach the "END" so to speak, the time when there is no one left to join the club, the last levels to join disengage from the "business" because there is no promise of money.

Compare this to legitimate MLM. Legitimate MLM is "Product" driven. There are lists miles long with all the stupidity MLM has represented but it is not and never has been a pyramid. MLM pays people for selling products. 1 ups and 2 ups pay people for new memberships with the thin veil of value based on "association" with products.

The business model EDC Gold uses and other business models like it disguise themselves in the clothing of legitimate MLM in order to find acceptance in the business community. Looking like MLM keeps people from actually looking at the long term cap that is the only possible result of 1 and 2 ups. History repeats itself people. Look back in time and see the Pyramid for what it is.

Although this discussion has proved some excellent character from some people, it was started to discern the quality of the business model EDC Gold espouses and any others like it. EDC GOLD makes money, and it will continue to do so. That cannot change the fact that when the market ends so does the company and that makes it an unattractive long term business model.

U now have the pipe, I just stuffed it,... smoke!
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  #239 (permalink)  
Old 09-25-2007, 07:44 PM
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Default Re: EDCGold Accounts

I'd like to ask a question. While I don't deny that MLM can be a product-driven facet of the home business industry, there are many distributors (just as with EDC Gold and other direct sales models) who do not represent their MLM opportunity as a product-driven business. If this were not the case, you would not see so many distributors working so hard to get potential prospects to visit "business overview" calls. I have been in MLM myself, as has my fiancee and many of our friends. Not only were we encouraged to "recruit" (our sponsors talked about the product, but not nearly as much as getting people to overview and 3-way calls), but every person who's approached me with some type of MLM opportunity has done so in order to get me into their downline, in other words recruiting.

If legitimate MLM (and I'd be interested to hear your definition of this) is completely product-driven and does not encourage recruiting, then why does nearly every major MLM company in existence (and keep in mind that I've been involved in, and approached by nearly all of the major ones) reward their members with "fast start" bonuses for signing up new members? Why would there be a need for such if MLM's do not pay members to bring in new members? Why are things like brining new people to home parties, overview calls and 3-way calls so strongly stressed? Why would you need an overview call or a 3-way call just to sell product?

Not only this, but the main component of most MLM business models is to continually pay members on every member in their downline or through "spillover" (whether this is done in forced matrices or otherwise). MLM is known for paying a percentage of profits residually on each and every current member. Does that not create a pyramid-like structure? MLM is also known for paying members continually on the efforts (recruiting and sales) of their "downline." Can that not also be viewed as a pyramid-like structure?

Now, lets talk about the products and market, and make a comparison. If anything, direct sales and MLM are similar in that they tend to choose industries that are fast-growing. However, the difference I've noticed is that many (not all) MLM companies have gone the route of lotions, potions, pills, legal aid and insurance of some kind. Can you honestly say that Noni juice, Ultimate Skin-Smoothing lotion or Age-Defying cremes are not overplayed? How then, would the markets for MLM be any different from EDC Gold and what it provides? At least with EDC Gold, I have products and services I can market to anyone, regardless of what industry they work in or company they represent. With Mary Kay, Herbalife or Avon (considered legitimate MLM's by most who know of them), a member is limited to individuals who would need make-up, creams and lotions on a regular basis. Or with Noni, you're limited to the health-conscious who look for more organic remedies. Those products are not marketable to just anyone. That could be viewed as a problem for those opportunities, having a limited market that thousands of distributors are promoting to. However, they have been around for years which says something: as long as the population of the world keeps growing, and young people with spending power are coming into their own, there will always be a market for these products. I feel this is the same with EDC Gold and what we provide. Marketing training and services are something that will always be needed, by everyone from simply bloggers looking to learn how to drive traffic to their sites and blogs, to large corporations looking to corner the market in their given industries. I even have a few members who are a part of MLM companies, who have come to me because now that they realize they have to sell product in order to balance their overhead (most MLM's require members to be on some sort of case auto-ship, so they must pay for a certain amount of product each month), they need to learn how to market it. As long as there are businesses being developed, there will always be a need for marketing training and services. How then can you say that the market for what EDC Gold offers would dry up (I guarantee you the ratio of start-up businesses to individuals looking to purchase make-up is much higher in favor of the businesses).

And last, it seems that you as well as others feel that the products EDC Gold provides have no value. Yet you mention this of MLM:

Quote:
Originally Posted by csendres
There are lists miles long with all the stupidity MLM has represented but it is not and never has been a pyramid.
What do you mean by "all the stupidity that MLM has represented?" Do you mean as far as products, because if so then you are contradicting yourself. I don't think "stupidity" is something that a customer would want to buy, nor that any ethical entrepreneur would want to promote. So in my mind, that translates to "rubbish" or "garbage." If this is in fact what you meant, then how can you claim (on the basis of your own comments) that MLM is any different from EDC Gold? You are calling products from the MLM model "stupidity." I can't say that I've ever heard that stated about marketing training or products, especially not by the happy customers that are enjoying those products and services today.

Point blank, I feel that these opportunities and their chosen products should be viewed in the eyes of the beholders (I'm not talking about legally, just in reference to those doing research and deciding on a program to join). Who are you, or who am I, to say what is or isn't valuable to another person or business? We can only say what we consider valuable in our minds and to our everyday lives. I personally have no use for all of the lotions, potions, juices, pills and insurance policies being promoted by most MLM companies. That does not mean these products have no value, just none to me. I feel that every business, regardless of industry, product or service needs marketing. However, there are many who feel that EDC Gold's particular products are not what they need. That is their opinion, and that is fine, but there are plenty who feel differently.

I feel that the best we can do is agree to disagree. Though I had no success with it, I do not have anything personally against MLM. I just don't prefer the most common business models or the choices in products I've seen to promote. If you feel more strongly about MLM, then stand for what you believe in. I feel (and can see every day) that I'm helping others get their businesses off the ground. That is what is important to me. I feel that both business models, whether 1/2 up or MLM, can be legitimate and lucrative if treated like actual businesses and promoted with integrity.

-PA27
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Last edited by Power_Advisor27; 09-25-2007 at 08:57 PM.
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  #240 (permalink)  
Old 09-25-2007, 09:02 PM
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Default Re: EDCGold Accounts

And I have just one more question. I've never seen you on this or any other forum regarding EDC Gold or MLM. Why then, does it seem like you have taken this discussion so personally as to make a statement like:

Quote:
Originally Posted by csendres View Post
U now have the pipe, I just stuffed it,... smoke!
?

I believe brian and I already discussed how personal comments such as this can be viewed as unprofessional, immature and irrelevant. If you are trying to prove a point, you have not helped yourself with such behavior.

-PA27
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