Disclaimer: everything expressed here is my own opinion only and can be not correct or or not complete, any feedback will be appreciated ... When my friends told me about
Inetglobal I wasn't
interested - another pyramid, I thought, i have tried
MLM (which was a pyramid for me) before, but I am not a sales person, I can't sell the membership/product of the club that sells products (even good ones), and ask people to sell membership/product to somebody else, in order to build my "
downline". Therefore, I ignored their information first time, but when couple months later they said that they haven't sign up/enrolled anyone and earn money, I took a closer look....
Stage 1.
At the beginning I didn't care what the company does - all I knew was my friends earn money without need to sell anything or enroll anyone...
Stage 2.
After weighing my options to make/earn money I found that joining the company was a pretty good option; here is the train of my thoughts:
- the only source of the fund
available was my credit card, that I hadn't used for a year or more already,
although that wasn't a lot...
- option #1: stocks and options; currencies; commodities...
I have tried to trade stocks and options - lost some money; why? - don't have enough knowledge and experience, and money (for daily trading).
What do I need - education: a) self-study - long, time consuming, unknown dependability of 'free' sources - unknown risk of the knowledge, and I proved that by losing money; b) formal education - $5,000 minimum; up to $30,000+ to trade successfully
Need even more to invest with a broker....
Also I don't consider any mutual funds - i hate to say that, but that's a scam for me - their rules, fees, no guarantee (think about 2008), no transparency (think about 'window dressing') - no way
- option #2: bank account
that is just silly - as pretty much all rates are less then the inflation rate, plus fees, i will use them just to diversify my portfolio when I have more cash, i think they are good for their security and government insurance
- option #3: registered savings plan
I don't have any free money, and to invest into RRSP I need to borrow money at whatever rate + inflation - it's not profitable at all - again, I will use this option later - with a higher income and more cash
- option #4: tax free savings account
Same thoughts as for
RRSP- option #5: start a business
I don't have any idea, business skills, time and money. How i know about money? I can get quick general idea from the cost of any franchise (since they already priced in all the possible expenses)...
- option #6: buy a
franchise.
I need something safe and stable. Say I can do taxes. Since we know there are only two things are certain - death and taxes, but i will get to death when my time will come, so... taxes it is. To buy a franchise i need anything from $35K-$50K minimum ... i believe if i would start my own business it would be less, but less profitable and more time and other resources consuming....... I am not even talking about fast food or coffee shop type of business...
- option #8: real estate investing
I know there are plenty of ways to invest in real estate, but i don't know how and don't have any experience. Cost of knowledge and assistance with experience - anything from $5k to $70k !!!
- option #8: casino and lottery... :)
- option #9: any other mlm of network marketing - been there, done that... not for me
Stage 3.
This stage is still in progress; i think it's a derivative from the stage 2 and was triggered by this blog : I started asking myself - what is the risk, and started looking for all (that i can think of) kinds of information about the company, business, products, industry, competitors, etc... - sort of research people do when they write a business plan for a new business...
After some (quick) research I found several instances of companies that provide similar or same services as Inetglobal, such as SEO, pay per click, promotion, business mail and shopping applications (I just don't want to post links here, but anyone can search for them)
What about employee referral programs that are used by many companies for different reasons? When employees get some kind (including cash) reward for saving HR expenses by referring potential employees.
Inetglobal is no difference when they pay one sales agent for referral of another one. I think this is a concept adopted by many existing network marketing companies.
Inetglobal also pays sales commissions like any other company.
The company requires new people to buy a ad package, which include several services and training. I found that similar to some professions where individuals have to buy their own tools.
I think that's the difference between full-time employees and self-employed ones.
Conclusion.
I know some or the described above after attending several workshops and money shows, participating in two of the
mlm/network marketing companies, trying some typing/writing/photography online income - after all I spent about 2 years and about $3,000+.... have I lost it? was it a scam? I wouldn't say so - that was my cost of valuable lessons, that was a cost of my slow start to do something to improve my financial situation. I was slow, lazy, 'go with a flow' person, with only one way known - work hard to earn money, and work harder to get more - I was just another corporate slave ... and I am still the one, but I can see a light at the end of the tunnel. I believe now in emotional (or spiritual, some might say) side of earning money as well, I as any other part of life. Even after I fell several times, and lost money, and failed to obtain money earning skills (and I still get reminded about that by many people) I am grateful for the opportunities I've been given, and for what I have, and that i know how important to follow the dreams and set the goals. Therefore, I don't listen to people who tell me "...I told you so..., You failed again" - you know what - "never try, never fail" - that's the good approach for them, not for me... anymore...
Even though my research is still in progress I found that Inetglobal is definitely a good option (for me!) with a good reward and unknown risk. I said unknown since there are plenty of people who think there is a low or no risk, and some people think there is a high risk, and that is ok, and I am not convinced by any side yet ... but isn't that a general rule of thumb - low risk/low reward vs. high risk/high reward. That is the everyone's choice according to his/her risk tolerance.
