TIDOM Business Summary and opportunity review.
The TIDOM business review again seems to follow a similar business structure as those already profiled in this review site. TIDOM was founded by the same person who founded THE PEOPLES GIFTING PROGRAM.
This new business was apparently created to avoid some of the legal issues that gifting programs face. In this vein TIDOM provides downloadable software in their web site which is basically marketing and personal development software.
They do offer some training and a q & a call. TIDOM is less than a year old. TIDOM is designed for people who have a lot of money to spend to get started. Their entry level is at $2000 and additional levels are available including $3500.00 up to $22,000. It is professionally administered using a tracking software system.
Upfront costs / expenses
TIDOM is designed for people who have a lot of money to spend to get started. Their entry level is at $2000. Add to that another $195.00 adman fee as well as domain fees of about $30.00 you must purchase and yet another $20.00 PER MONTH 800 phone number fee that is going to be recommended can quickly add up.
They also have higher levels of participation: $3,500. and upwards of $22,000 if you choose to participate. At these higher levels comes still higher required fees up to $495.00 that must also be paid up front. After those fees you will be faced with weekly marketing expenses.
Most members seem to use telephone call blasting plans each week. With this approach you will have to buy phone numbers to call as well as the charges to make the calls. The weekly cost to phone blast using this method can quickly climb to over $300. each time. This approach requires you to consistently do this each week in the hope of attracting new members. Another approach they use is to do Text blasting which again runs into similar costs.
So, be prepared for this cost. Without this there is not much hope of success. If you can maintain this cost then there is some chance of making some money in the long run. Also, keep in mind that you are required to GIVE UP YOUR FIRST sale to your inviter before you will earn anything, so that is another cost to you.
Legal issues
This business structure should be ok. They are not operating it as a gifting program and do not claim any monies are tax free. You will have to report any income as taxable income. You should make sure you don’t make any false income claims in any adverting you do.
Tidom business Advantages
The TIDOM business has the freedom of using any marketing and promotion they wish. Their products may be of help to some people but it seems most members are not really interested in products, instead are interested in hopefully earning money. Any income you earn can be delivered to participants via FedEx, UPS or DHL. The business seems to be well administered.
Tidom Business Disadvantages
The TIDOM business is very dependent on the help of your inviter, without direct support most people will flounder unless they already have experience. 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 the high cost of business entry and operating expenses it may prove difficult at best to lure people and can be a very hard sell to most people. Our analysis shows that without a truly innovative marketing method in place Tidom business becomes a poor choice for our members.
Compensation plan
The TIDOM business has many levels of participation: $2000, $3,500, $6500 and up to $22,000. Its payout system is good however they are requiring you go give up entirely your first person you recruit to your inviter and you must also pay for all the marketing costs for this qualifier given to your inviter. This is great if you’re the inviter. The trick here is to last long enough to find a 2nd person yourself and then have that 2nd person find someone for you to receive some income beyond your expenses. They do not offer any real residual income features.
Support provided
TIDOM business does provide some marketing materials or training which may be of some use. Some teams have 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. They do have a video on their web site explaining the business.Our analysis left us feeling very concerned that Tidom business did not have any real innovative marketing support beyond standard approaches.
Successful Duplication Ranking:
The level of success in TIDOM business will largely depend on what group who sign up with as this business is made up with various independent groups. Make sure you are well funded to endure the slow times as you seek others who can hopefully afford to join you. 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:
While this business has not been around very long, it’s future reputation will depend on the success of its members success or failure. Since TIDOM’S business structure is a close clone of other existing businesses and these other business have been on the street much longer, we, then have reservations as to how this business could fare any better? Another hint of its weakness is the observation that many of it’s members will offer you a supposedly free upgrade or no qualifier offer in an attempt to lure people into their business. This is largely seen as a weakness, as a thriving business should not have to resort to such discounts or are they already getting desperate?
Final Analysis / Recommendation:
SEE RECOMMENDATION AT BOTTOM
The TIDOM business is simple perhaps too simple and lacks any extra features to help make it stand out in a already crowded field and perhaps explain high failure rates among members. The TIDOM business should only be considered if you have a strong background in Internet marketing as well as the funds to pay for reliable marketing costs you will endure.
Again we feel that there are many suitable alternative businesses which have significant advantages over this business. 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 and can be viewed on our recommendations page because they have all the benefits of an independent home business but with none of the negatives associated with gifting programs as well.
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 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, including residual income. In fact in an earlier review they earned our coveted “5 STAR TOP BANNER” award.You can visit their site by clicking here.
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