I paid the brand builder fee in January 09. A big reason I came on was because of the quick bonus $100.00 we were compensated for bringing other brand builders in and I thought that it would be easier to recruit someone initially as an account executive (no brand builder fee) because they were to also to receive stock options. I figured its a no brainer. That within a couple weeks or sooner they would see the excitement ("hype") about this company and become a brand builder anyway. Account executives do receive a nice commission (I will speak to this in a moment), however the extra bonus was the stock options they would receive for their personal ad space sales production.
After I became a brand builder, about a week - not great timeing i guess, they discontinued the $100.00 quick bonus and eliminated the stock options compensation for Account Execs. I understand that they needed to do something about this Quick bonus $100.00 issue because no one was selling ads; it seemed everyone was recruiting, no ads being sold-not many anyway, and everyone was just recruiting for that $100.00 bonus. I think they should have kept the $100.00 bonus, but required one ads pace sale for every $100.00 bonus receivable. Something to this anyway. I guess it would have been to much to create tracking software for this rememdy.
Anyhow they've been making other critical changes every few days or weeks. Like telling everyone there in for life at 50% commission and residuals, then a few days later. Changing from life to 13 months. I can deal with this too i guess. Here's my real question. Who Is Selling Ads? Im talking real production to brag about... Maybe a couple people in the organization? Alls i know is when I check the big cities localadllink site where they've held big conferences such as Dayton, Ohio and Las Vegas, Nv... I see very few companies that are paying for advertising with localadlink.
It appears that 90% of reps, the brand builders and account execs are not selling any ad production worth speaking of. Also Im on the computer alot... When i first heard about this... The company claims that Boomj, critical partner site with Localadlink, is the largest babyboomer and genx networking, social site out there. Hmmmm. Im not convinced. Go to the site Boomj.com and see for yourself. So far the ony people making money are the few that started this. How Much? Well, there's a brand builder monthly fee. Currently about 5000 brandbuilders paying $19.00 per month ongoing activity fee = about $100,000 a month to a few peeps that started this and the few employees in customer service. And of course they've brought in 5000 x at least $300.00 ($300 brand builder fee is now $349.)
Once again. Who is Selling A respectable number of Ads. Other than just a handful of people? Its all been nothing but hype so far. I hope for the economy this works out. The product/concept is great.
0 comments