Beware of dealing with these fast talking high pressure sales people.
They called me and were evasive about my questions when I told them I wanted to do my due diligence.
They told me they are not a network marketing or MLM, nor a pyramid. When I asked Jay what a pyramid is, he could not tell me the legal answer. He said where only a few people at the top make money.
Wrong. The legal answer (according to the FTC) is that someone is compensated or paid for others being recruited rather than for the sale of a real product or service. Therefore, if comp is based on the sale of a product (be it a drink or a soap or products sold off a website), then it is never a pyramid - regardless if people are making money.
Second when I asked him if this was a publicly traded company, he answered that this is a national company.
That is talking apples and oranges. So I asked him again and then a third time before I told him I thought he was being evasive.
A publicly traded company means that it has stock that is traded on some index (like the NYSE or the NASDAQ). This is important because they have to make their books open to investors. You can call your financial advisor and ask for their research on the company. Private companies can keep all the numbers to themselves. There is more risk working with a private company because they don't have to make their books open to the public.
Jay finally admitted to me that this is a private company.
The yellow light went off when he told me that after I listen to a 7 minute call (I listened to half), if I signed up today I would save $100.
So I asked him that if I wanted to sleep on it, or discuss it with family and get back to him tomorrow, would it cost me $100 more. And yes, it does.
Can we say high pressure? Really high pressure?
But what really got me to write this is what happened next.
After I hung up half way into the recording (about setting up a website and marketing promotional products like pens and mugs to small businesses) he called me back. When I told him that I did not think they were a real opportunity and that I wanted them to take my name off their list - guess how he responded.
He laughed. Loud and strong. He just laughed. Didn't say anything or ask me any questions.
So if you want to work with professional people, I mean real professional people, I would advise you to stay miles away from anyone who laughs loudly at your concerns and fears.
Bottom line - maybe I am wrong, but it seems to me that all the red flags are there - be very careful with this company as they seem to use speed (fast talking) and hype and pressure to get you to act right now - not tomorrow, but right now.
So you have been warned.
From someone who has been burned and has also found real businesses and real opportunities and learned what each has as far as common characteristics.
Mike
anonymous
U.S.A.
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