Secret money factory
The secret money factory cash gifting program is a cash leveraging program based on inviting more members into the business so that they will gift to you. They feature a very fancy web site which seems to promise the moon.
The secret money factory cash gifting program top level costs $12,500.00. They have created what appears to be dazzling offer which if you are willing to join at the highest levels, will keep you from having to pass up your first invited person. We found quite a few hidden costs that were not displayed clearly.
In one adverting promotion they offer to sell to you is to send post cards out for you at a cost of over $600 for 1000 post cards.
Website cost is $150. plus $7.95 per month. (higher than most other programs)
This company does not have it's own software (another indication of small start up) but instead uses the SOW software costing at least $120.00 per year as well. Web site hosting costs will also have to be paid for as well as considerable additional marketing if you expect to have a chance in this. So, this package is really really expensive.
The secret money factory cash gifting program has recently been approached by the Attorney General office regarding them running a pyramid scheme. So, this is still under investigation. If the Attorney chooses to move to close them down, then this would undoubtly put many people at risk.
We are going to keep a keen eye on the secret money factory cash gifting program. Aside from what all the gifting programs are facing on the legal aspect which is a constant point of conflict. There has been a lot of speculation surrounding the actual legality of The secret money factory cash gifting program. Now, we should like to caution here that the operators of The secret money factory cash gifting program do not like being referred to as a business. They insist they are a private activity where entrance is only gained by invitation. They often will refer to a 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 like 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 secret money factory cash gifting program is also lacking 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! 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.
The secret money factory cash gifting program is big on promotions with dazziling web sites and big promises. Some people will be swayed by this making it easier to sign some people up.
The secret money factory cash gifting program has quite a bit of baggage here. They are having legal challenges already in their young history. They repeatedly have been caught wildly exaggerating facts, borrowing voice testimonies from other programs and success rate of its membership has been among the lowest in the industry.
The secret money factory cash gifting program has 3 levels to receive money at which is typical for the gifting programs that are using the SOW Today software. Their audio on their web site explains that you can join at $500. or $1000. or $2000 or combined them as well. You do not receive any money until you find and GIVE UP this person up to the person who invited you. You give up this person and again get nothing for your time and money you invested. AFTER this person is done. Then you will start receiving the money as your 2ND person and beyond joins under you.
Note: The secret money factory cash gifting program is using the audio voice from the founder of TLC2003 gifting program to explain how the compensation works? Unbelievable!
The secret money factory cash gifting program has many offers of assistance if your willing to foot the bill. Post cards, web sites, and some help in placing ads on the internet. Bottom line here, we suggest you get educated on how to promote on the internet as you will have to work quite hard to over come some of the issues that this business faces. With the right marketing this may offer some people a way to make some potential profit within 12 - 18 months.
The secret money factory cash gifting program has been caught hijacking the "voice testimony" of members of competing gifting programs. Since The secret money factory cash gifting program did not have any real live calls of their own to give testimony for this business apparently they felt it would be OK to just borrow recordings from other competitor's and try and present it as if it were their own members. They do not seem to have any integrity and after that revelation one has to give serious doubt to any of their grand claims they make here.
ADDITIONAL INSIDE INFO FOR THIS GIFTING PROGRAM CAN BE FOUND HERE:
SEE RECOMENDATION AT BOTTOM.
The secret money factory cash gifting program is OK if you can find a good team and marketing system, you could have a shot at being successful if gifting is your passion. One of the weaker systems we found when compared to other systems.The secret money factory 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. But this is one we think is better to pass up.
Again we feel that there are many suitable alternative businesses which 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 insist 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 can be recommended 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 IWIN. Of these 3, the IWIN 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 simply offer the fastest path to wealth 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.
