Spirit of Wealth Today (SOW)
Spirit of Wealth Today gifiting program provides very limited marketing materials or training. It is simply a private membership group that was started by a group of former NOSS members that broke off to start their own membership group because they wanted more freedom in the way they market. SOW is around 2 years old and it started out by offering to lease it's gifiting program software to who ever wanted to start a gifting program. SOW also appeals to many people because it has 3 levels of participation: $500, $1500, and $3,500. It’s professionally administered using a 3rd party tracking software system.
Spirit of Wealth Today cash gifting program requires all members to pay for the software tracking (1UpTracker.com) fee which cost $120 per year. Many teams within SOW use Internet-based systems like websites and streaming audio which cost additional depending on options requested. Additional marketing varies.
Here again as with just about all the gifting businesses, we have this legal aspect which is a constant point of conflict. There has been a lot of speculation surrounding the actual legality of the Spirit of Wealth Today cash gifting program. Now, we should like to caution here that the operators of the Spirit of Wealth Today 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 Spirit of Wealth Today 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! 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.
Spirit of Wealth Today cash gifting program has the freedom of using any marketing and promotion the 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 SOW members use replicated websites that incorporate recorded overviews so no personal explaining is necessary and this in turn keeps the follow up minimal. There is zero cold calling or salesmanship needed with this type of system. Cash gifts are delivered to participants via Fedex, UPS or DHL.
Spirit of Wealth Today cash gifting program lacks any real help beyond that of your inviter. So, 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.
Spirit of Wealth Today cash gifting program has 3 levels of participation: $500, $1500, and $3,500. Its pay out system is about average for the industry requiring you go give up entirely you first person you recruit to your inviter. Again no products what so ever.
Spirit of Wealth Today cash gifting program does not provide marketing materials or training or any consequence. Some teams in SOW 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.
The level of success in Spirit of Wealth Today cash gifting program will largely depend on what group who sign up with as this gifting program is made up with 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.
Spirit of Wealth Today cash gifting program has been utilized quite a bit my just about anyone who decides to start up a gifting program because they provide a handy way to have access to their software which is required to keep track of the membership payout for the gifting business. So, this is handy for a start up company which does not need to build a web site or pay for software to run it. Basically, they use Spirit of Wealth Today cash gifting program as the foundation for the newly created gifting program and they are off and running with a minimal of costs. So, you find many gifting programs sending their members there to register for the software needs. Potential problem for many gifting companies is that if Spirit of Wealth today is closed down by the states attorney's office, then, many gifting companies will suddenly find themselves out of business. Now what?
SEE RECOMENDATION AT BOTTOM.
Spirit of Wealth Today cash gifting program is simple perhaps too simple with not enouth support or extra featues to help make it stand out in the crowd and perhaps exlpain it high failure rate of its members. The Spirit of Wealth Today 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 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.
