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Dec

Cash Gifting Programs Reviewed

Posted by randy  Published in How To Achieve Optimal Wealth
Cash Gifting Programs Reviewed

The purpose of this report is to give you a no nonsense approach to learning the truth and facts about Cash Gifting programs so you can make an educated decision should you decide to join any of these types of programs. Like me, you’ve probably seen some videos out there of people opening FedEx envelopes filled with cash and wondered, “Are these people really receiving this cash from strangers, is it staged, or just a cash gifting scam?”

We’ll cover that subject in a minute, but after doing a ton of research on the cash gifting industry to satisfy my own curiosity and skepticism, I knew this information would be helpful and valuable to you and others trying to wade through all the hype and misinformation around this activity.

As someone who’s generally skeptical by nature, I do my best to rely on facts and not just on assumptions, opinions or hearsay, which there seems to be a lot of out there.

Anyways, towards the end of my report, you’ll find a review of some of the top Cash Gifting programs I found in my online research. I’ll share the pros and cons of each one. But before I go into that, let me first cover the basics in case you’re new to this activity and doing your homework to see if it’s right for you.

Most people don’t take the time to educate themselves and do their homework before they get started in any of the cash gifting programs, and as a consequence, they end up losing THOUSANDS of dollars in the process, so I commend you for doing your due diligence and investing a little time in getting the facts about this worldwide activity.

Now, it’s certainly fair (at least at this point) that you might be a bit skeptical about everything you read on the Internet, I know I usually am. After all, Cash Gifting really fits into that ‘too good to be true’ category, doesn’t it?

…So all I’m going to ask you to do at this point is simply keep an open mind and decide for yourself if this information serves you, because that’s my intention here… to lay out the facts for you, so you can make an informed decision without the fluff, hype, or false promises you may have already been exposed to by others out there that really have no intention of helping and supporting you once you send them your money.

Ecosov™

Review: cash gifting Ecosov™800 has been operated in one form or another for over 9 years by a guy who calls himself Q. There used to be three levels to join, but now there are only two: $6,600 & $18,500 (which combines both). It uses a 1UP style structure. Q has set up a pretty slick system and has the bragging rights to back it up. His marketing style and approach is ‘in your face,’ blunt and to the point with no fluff.

Some people even consider it offensive, but it has mass appeal to others. It seems there’s no grey area, you either like his style or you don’t. Members are given a system ID to advertise along with program provided ads that must be used by prospective members to join. If someone responds to an ad and doesn’t know what the ID code is, they can’t join. cash gifting ecosov 800 atleast has that going for it.

Q also runs a prolific Cash Me Out newsletter and cranks out new content every week along with his telephone hotline that allows you to hear him address all types of questions and situations. He also answers questions personally, but only to those that are ultra serious.

The Pros: You can join, plug into some of Q’s marketing and advertising co-ops, or use his pre-designed ads and postcards and do it yourself. His marketing materials are top notch and pull very well. All of your ads include your member ID and Q handles all the rest which includes handling any and all questions from your prospects, as well as setting up the tracking to ensure your cash is delivered to you via FedEx, UPS or DHL.

Q isn’t a lazy millionaire in the least, he personally handles ton of calls and email and has actually worked extremely hard to deliver exactly what the average person needs to receive serious amounts of cash, and do it with as little time and effort as possible.

Best Feature: The professionally designed marketing materials and hands-off automation make this program attractive for busy people that have more money than time. Q’s newsletters are also very entertaining and blunt.

The Cons: With the minimum participation amount being $6,600 to start (plus advertising expenses); Ecosov™ disqualifies the vast majority of people out there looking to get ahead from participating in this activity. Q isn’t shy about this fact and is most likely intentionally keeping the entry level high to only attract those that are totally serious.

The other thing I see as a major drawback to this program is the fact that your marketing and advertising CANNOT be tracked! In other words, you have no idea of determining where your referrals are coming from and which ads are pulling best for you.

There’s also no way to track who Q has spoken to or what your leads are doing (unless you hear about someone joining) since you’ve got to send everyone to HIS website with your referral ID# and hope for the best.

Biggest Flaw: You must GIVE AWAY every 5th gift you receive to Q as a Monitor Fee to corporate. At $6,600 – 18,500 a pop, you could end up giving away a fortune over time.

Personal Opinion: Ecosov™ appeals to those that have significant financial resources (i.e. deep pockets) to promote the program and are looking for something very turn-key and hands off, but the entry level price keeps most people away.

Number One Success System – NOSS (Currently TLC2003)

Review: NOSS is a 1-UP style gifting program and has been around for over 7 years. NOSS appeals to many people because it has 3 levels of participation: $500, $1,500 and $3,500.

Leaders within the program also conduct several live overview calls each week as well as a daily training call which is primarily motivational. It’s professionally administered using a 3rd party tracking software system that keeps track of referrals and gifts received, etc. The tracking software runs about $120 per year.

The Pros: With the lowest entry level in tlc 2003 being only $500, it’s accessible to the masses. The weekly conference calls to invite prospects to is well scripted and professional. Their system is simple and simple to follow for duplication. Cash gifts are delivered to participants via FedEx, UPS or DHL.

Best Feature: Low entry fee of $500 makes this program accessible to many people and the daily calls are conducted by industry leaders.

The Cons: If you join NOSS, you better be prepared to do some serious Cold Calling phone work and be able to handle rejection well. Participants are taught to promote the activity using an outdated antiquated method that focuses on buying lead lists (from their own source), and COLD-CALLING strangers, or running ads and following up with people to invite them to the daily calls, etc.

Biggest Flaw: 1-UP and COLD CALLING! They have strict policies about how you can actually market the program and will delete your account from the system if you violate their terms. One of the things they forbid is internet marketing. Why? I don’t know, but it probably has to do with some of the founders just liking to stick with old-school prospecting methods and making a profit by selling their own leads to the organization.

Personal Opinion: NOSS has mass appeal for people that don’t mind cold-calling and doing heavy phone work (which is a very small minority), but most participants don’t find this stuff out until AFTER they join and realize what they’re going to have to do to be successful with the program. In an age where the internet can automate so much of the explanation process, it makes no sense that they don’t offer an internet based system for their members.

Spirit of Wealth (SOW Today)

Review: SOW is very similar in many ways to NOSS and was supposedly founded by a group of former NOSS members that broke off to start their own program because they wanted more freedom in the way they could market the program online. Like NOSS, it also appeals to many people because it has 3 levels of participation: $500, $1,500 and $3,500.

It’s administered using a 3rd party tracking software system that keeps track of referrals and gifts received, etc. The tracking software is $129 per year. Many teams within SOW use automated internet-based systems like websites, videos, streaming audio, etc.

The Pros: With the lowest entry level being only $500, it’s accessible to the masses. Most members use replicated websites that incorporate recorded overviews so no personal explaining is necessary and this in turn keeps the follow up minimal. Cash gifts are delivered to participants via FedEx, UPS or DHL. The program converts well for all members that apply themselves and consistently advertise.

Best Feature: Again, the low entry fee of $500 makes this program accessible to many people and the automation using websites to deliver the information saves time and gives people more freedom as to how they want to promote the program.

The Cons: The only thing I could find that I would consider a Con is the fact that when someone has questions or wants to get started with this program; they have to call their inviter. Some people have a natural aversion to speaking to people on the phone, or simply don’t come across very confidently when prospects have questions and when it comes to enrolling people into SOW, you better have some decent communication skills.

Biggest Flaw: 1-UP! Some teams have great marketing systems and strategies in place and some don’t. If you join this program, be prepared to make yourself accessible by phone and email to prospects since serious people will usually want to know who they’re joining and feel comfortable with you first.

Personal Opinion: SOW has taken some of the negatives from other programs and uses the rest of the positives like the internet systems, direct mail, etc. I personally think that a 1-Up really kills this program.

The Overnight Cash System (TOCS)

Review: As an internet-based cash gifting activity, TOCS has been around with its new structure since January of 2008. It uses a 1-Up style structure and there are 5 levels or tiers, $500, $1,000, $2,500, $5,000, and $10,000. Interested prospects visit the website to read all about the program, listen to the audio recordings, read the testimonies, watch the movies, then they can call in toll-free or submit a Callback Request and get all their questions answered by team leaders.

In other words, members never need to speak to any prospects or answer any questions. There are additional fees required to become a member. These fees are determined by which level you choose to get started with and range from $200 to $1,000. There’s also a monthly fee of $29.95 for the hosting of the replicated websites as well as access to all the marketing tools. They give a discount if you purchase a one year subscription up front. Just to be clear, the fees I just mentioned are in addition to the initial cash gift that’s sent to the sponsor.

The Pros: With the lowest entry level being only $500 (plus a $200 admin fee at Tier 1), it’s accessible to many people. The system is automated for the most part, and members can participate without having to talk to a lot of people. There is no cold calling and salesmanship is not needed. Cash gifts are also delivered to participants via overnight courier.

Best Feature: TOCS Team Leaders answer your prospects questions for you, so it can be almost completely hands-off on the member’s part. This really appeals to people that either have a fear of the phone or just want to be more anonymous and fly under the radar.

The Cons: The website has a Get Rich Quick Scheme feel to it and a lot of people are actually turned off by it. The conversion ratio is a lot lower than many other programs that have a more personal, one-on-one mentoring feel. The EXTREMELY high administration fees have also turned many people off despite the team leader option.

Biggest Flaw: The Get Rich Quick feel of the program. Although team leaders can talk to people for you, most people getting started with Cash Gifting don’t want a “Cold Hard Cash” approach and want to speak directly to the person they are helping with their Gift.

Personal Opinion: TOCS has a good concept by having team leaders answer questions for you, however, having someone else in control of your potential members is NEVER a good idea in ANY program. Also, the conversion ratio of people who visit the site versus the number of people who actually join needs to be improved dramatically.

Cash Arrive 365

Review: Cash Arrives 365 is a 1-UP gifting program and has been around for about 7 years. CA365 also appeals to many people because it has 3 levels of participation: $500, $1,500 and $3,500. It’s administered using a 3rd party tracking software system that keeps track of referrals and gifts received. The tracking software runs about $120 per year.

The Pros: With the lowest entry level being only $500, it’s accessible to the masses. The weekly conference calls to invite prospects to is professional.

Pretty similar program as to NOSS without the cold calling approach to prospecting. Cash gifts are delivered to participants via FedEx, UPS or DHL.

Best Feature: Low entry fee of $500 makes this program accessible to many people and the daily calls are conducted by industry leaders.

The Cons: Not many strong leaders found in this program or professional marketing tools available.

Biggest Flaw: Couldn’t find any strong marketing system or teams with leaders in the program. Seems to be a fairly small organization without a lot of support structure in place.

Personal Opinion: Other than the 1-Up, if you can find a good team and marketing system, you could have a shot at being successful in this one.

Gifts For Life (GFL100)

Review: GFL has been created for the Little Guy out there that can’t afford the other gifting programs. GFL appeals to many people because it has 4 levels of participation, with the lowest entry level of all at just $100. The other 3 levels are $250, $500, $1,000. It’s professionally administered using a 3rd party tracking software system that keeps track of referrals and gifts received, etc. The tracking software is $25 per year.

The Pros: With the lowest entry level being only $100, it’s accessible to just about anyone out there. GFL also provides fully replicated websites at low rates for members to use in their marketing online.

The GFL system uses one main information website that incorporates recorded overviews and flash videos so no personal explaining is necessary. Cash gifts are also delivered to participants via overnight courier. With the lowest entry fee out there in the cash gifting industry, the program converts very well for all members that apply themselves and consistently advertise.

Best Feature: Again, the low entry fee of $100 (+ a $25 annual admin fee) makes this program accessible to just about anyone, and the automation using websites to deliver the information saves time and gives people more freedom as to how they want to promote the program. Note: To get started with GFL, you’ll realistically need $225 because you’ll need to purchase one of their provided replicated marketing websites that run about $97 per year. This doesn’t include marketing expenses which is totally up to you and your budget.

The Cons: It’s hard to poke holes in this one, but just like in SOW, NOSS and CashArrives365, there’s still some small amount of phone work to do when people have questions or want to get started in the program. Also, there are no larger levels of participation above $1,000 either.

Biggest Flaw: Not as automated as some of the other programs. Again, if you join this program, be prepared to be accessible by phone and email since serious people will usually want to know who they’re joining and feel comfortable with you first.

Personal Opinion: GFL fills a gap in the industry and provides a solution for many people that can’t afford to join some of the higher-end gifting programs online. It has a simple and well organized system in place, but truthfully, with most people joining at $100, members may find themselves doing a lot more work for less.

CONCLUSION

There you have it! I hope this information has given you a little more insight on the programs reviewed above. One of the most important things to keep in mind when evaluating a cash gifting activity is whether or not ALL of the information is presented to you BEFORE you get started. Many people will show you exactly how to get started without ever telling you what you will have to do to generate cash.

We give you all of the details before you join.

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