This program summary and reviews of the Cash Tracking cash gifting system and home-based business is newly updated in this post. You can view our original post here.
Our Cash Tracking System reviews shows how the gifting program has some very limited marketing materials but still does offer some training and a q & a call. It is simply a private membership group that was started by a former NOSS business ( another cash gifting program) member who resided in another country that broke off to start his own cash gifting group because they wanted more freedom in the way they market.
CTS is approx: 10 years old. They began by offering it’s gifting program to whoever wanted to take a chance with a gifting program. Cash Tracking System also may appeal to some people because it has multiple levels of participation totaling: $500, $1500, and $3,500 and new additions totaling upwards of $10,500. It’s professionally administered using a 3rd party tracking software system.
CTS Upfront costs / expenses
Our Cash Tracking System reviews shows that this cash gifting program requires all members to pay for the tracking software. You will have to pay as much as $10,500 to join in at the levels of participation that they offer and in addition, you will have to pay an additional monthly fee of $34.95 plus a $25 setup fee.
Many teams within CTS use Internet-based systems like websites and streaming audio which cost additional depending on options requested. Additional marketing varies including a recurring cost of purchasing phone blasting leads and telephone charges for the phone blasting, which will run into hundreds of dollars each month with no guarantee of any success.
Cash Tracking System Reviews: RED FLAG WARNING
An in-depth analysis of their business testimonies exposed a startling revelation. It was noted that all of their testimonies were simply audio. No faces are shown, just voices. That in itself raised some concerns. Then it was discovered that these voices never once mentioned the company name that they were supportively giving testimony to. Why is that?
Furthering our investigation with people who are familiar with the cash gifting industry presented another revelation. It appears that for the most part these voices were probably hijacked from other program testimonies. With simple editing, the original company names could be edited out so they could then be presented hereafter as testimonies of CTS.
Cash Tracking System Reviews Legal issues
Here again, we’re talking about a cash gifting business. This legal aspect is a constant point of conflict. There has been a lot of speculation surrounding the actual legality of the Cash Tracking System cash gifting programs structured like it. Now, we should like to caution here that the operators of the Cash Tracking System cash gifting program do not like being referred to as a business.
They insist they are a private activity where the entrance is only gained by invitation. They often will refer to an IRS statue that declares gifts up to $13,000 are tax-free. So, on this basis, they declare that the money you receive is tax-free because it is a gift.
After conferring with our legal consul, we have come to the determination that this concept will likely fail to hold up in court for the simple reason that in the past the courts have taken on the view that when a concern is operated as a business, advertises like a business and in truth “everyone is in it for the money” that no true gift was ever actually intended and the whole purpose for its members is to enrich themselves while attempting to avoid taxes.
So we feel that there is a very high likelihood of the courts ruling that this concern is in effect a business without products designed to enrich its members while trying to avoid the taxes on profits from the business. Therefore one could easily find themselves charged with tax evasion.
So, for this reason, we find this a problem certainly if you think you will be able to skirt the tax issue.
On another front, the Cash Tracking System cash gifting program is operated without any products and this too has caused us to be concerned. One has to ask “just what am I getting for my hard-earned money”? As far as we can see, Nothing! In fact,. they quote it? as noted below, they come right out and admit it on their website.
So, again, the courts are likely to see this as just another money game and they will very likely invoke the statues for you to prove that this not just another form of a Ponzi scheme where innocent people are left holding an empty bag.
Cash tracking system Advantages
Cash Tracking System cash gifting program has the freedom of using any marketing and promotion they wish making the entire program easier to enroll people in. With the lowest entry-level being only $500, it’s accessible to the masses. Most CTS 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.
Cash Tracking System Reviews: Disadvantages
Cash Tracking System cash gifting program has some help beyond that of your inviter. In a follow-up report on the cash tracking system, there is listed a huge lead and payment concern that you should understand as well. Also, make sure the person who invited you knows what they are doing and can be depended on to help you when you need it. With no products to lure people, this can be a very hard sell to most people. There is likely to be a lot of cold calling or salesmanship needed with this type of system.
CTS Compensation plan
Cash Tracking System cash gifting program has many levels of participation: $500, $1500, and $3,500 and higher.
It should also be noted that the Cash tracking System login page states that and we quote here: There are no profit-making benefits of any kind associated with this activity. No benefit or return of any nature is expressed or implied and no promises or guarantees of any such return are permitted to be made by any participant of this activity. See the member’s actual login page here:
So with an opening statement like that facing you, the question becomes…. do you really feel safe giving your hard-earned money away?
Its payout system is also requiring you to give up entirely the first person you recruit to your inviter, so you would not be earning any monies unless you can find yet another person to gift you. Again no products whatsoever here, just promises.
CTS Support provided
Cash Tracking System cash gifting program does provide some marketing materials or training which may be of some use. Some teams in CTS have great marketing systems and strategies in place and some don’t. If you join this program, make sure you are working with a strong mentor and team with great marketing tools.
Cash Tracking System Reviews: Success Ratio
The level of success in the Cash Tracking System cash gifting program will largely depend on what group who sign up with as this gifting program is made up of various independent gifting programs. While this does not always spell failure, we feel that there are probably better options out there but certainly, you could do much worse than here too.
Reputation / Word on the street:
The cash gifting business is, unfortunately, experiencing a lot of failures of people who just could not sustain the costs in terms of time, commitment and available capital to properly finance the necessary outside marketing costs required to succeed on the Internet which is easy to verify by doing a search on their name.
So, this is handy for a start-up company that does not need to build a web site or pay for software to run it. Basically, they use the Cash Tracking System cash gifting program as the foundation for the newly created gifting program and they are off and running with a minimum of costs.
So, you find many gifting programs sending their members there to register for the software needs. A potential problem for many gifting companies is that if the Cash Tracking System is closed down by the state attorney’s office, then, many gifting companies will suddenly find themselves out of business. Now what?
Final Analysis / Recommendation:
SEE RECOMMENDATION AT BOTTOM
Cash Tracking System cash gifting program is simple perhaps too simple with not enough support or extra features to help make it stand out in the crowd and perhaps explain its high failure rate of its members.
The Cash Tracking System Audit of this cash gifting program should only be considered if you have a strong background in Internet marketing as well as the ability to defend the likely legal issues that may arise in time.
Again we feel that there are many suitable alternative businesses that have significant advantages over this gifting program. However if one wishes to avoid the anxiety associated with the direct selling approach so common with legitimate businesses yet still insists on having a legitimate business model that offers a reasonable opportunity for success for most people then, your options will certainly narrow.
We can easily direct you to a host of companies that we have reviewed in the past which provide quality products. However, this always involves substantial expenses for your inventory or to auto-ship your products each month.
If you truly want to avoid these issues then three businesses which we favor as per our recommendation page because they have all the benefits of this gifting business but with none of the negatives associated with this gifting program. They are Passport To Freedom, People’s Concepts Inc., and IWIN123. Of these 3, the IWIN123 business has to be considered the stronger of the 3 for several reasons.
One being they offer lower levels of participation which are more attractive to the masses and yet with very low expenses. They offer possibly the best marketing/teaching system that we’ve ever reviewed for the average person. Additionally, they offer a robust compensation plan which is among the top in the industry.
In fact, in an earlier review, they earned our coveted “5 STAR TOP BANNER” award. You can visit their site by clicking here.