MoneyXperiment.com

From the FTC.gov website.  Just a measure in place to protect consumers.  Make sure you use them when someone is trying to sign you up with an opprotunity.

Twenty-six states have business opportunity laws. Most of these laws prohibit sales of business opportunities unless the seller gives potential purchasers a pre-sale disclosure document that has first been filed with a designated state agency.

State business opportunity laws typically cover every imaginable type of business opportunity that might be offered. If a business opportunity seller is not required to provide pre-sale disclosures by the Franchise Rule, these disclosures will almost always be required by the laws of the states listed below.

The disclosures required by state business opportunity laws differ, and usually provide more abbreviated information than the FTC’s Franchise and Business Opportunity Rule requires. However, most of these laws provide important rights and remedies for business opportunity investors, including required security bonds to cover investor losses.

If you are considering purchasing a work-at-home or other business opportunity, and reside in a state with a business opportunity law, we encourage you to find out more about the protection provided by your state statute before you invest.

The states that have these laws are Alaska, California, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Marryland, Minnesota, Nebraska, New Hampshire, North Carolina, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin.

Detailed contact infomation can be found for each state at the FTC.gov website.  Make sure and report people that cant provide you with the information required by law.

Tags: Business Tools, Uncategorized by Administrator
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After my first evaluation of Herbalife, I thought ok, it seems like an honest legit opportunity with a real product although having some past issues.  I did think it would present challenges due to saturation of distributors though.  I continued to research more about Herbalife and found out more about the opportunity that disturbed me. 

To get started there is a business packet that you must purchase, not a big deal.  It has some info about the products, a manual and book of procedures.  And it also contains some of the actual products and books that you will be selling.  The cost is $195, again, not that big a deal.

Where I start to have bad feelings, and I have seen it other places, is the pressure to purchase the products for personal use.  I know it’s good to have product knowledge of what you’re selling but this just drives me crazy.  It isn’t  just pressure you get on conference calls or emails from the company, it has to do with how you sign up and directly what cut off of retail you pay for the product you will be selling.

For example, the first level qualifies you for 35% off retail if you sign up and agree to purchase a certain amount of product each month for personal use.  You reach a higher level, Supervisor level, by reaching so many points.  Points you accumulate by buying product for yourself.  Once you have purchased about $2000 worth of stuff, this supposedly qualifies you as supervisor and you get 50% off retail.  This just absolutely bugs the hell out of me.  Why not just offer an employee type discount to distributors and offer larger breaks on purchase price based on sales performance of the distributor?  It makes it seem as if they are signing up customers, not distributors.

Looking around more I do still think the issue of saturation is very real.  When you join Herbalife you have the option to purchase a business website package.  If you do a google search you will find a ton of competition for your website in the form of all the others that have the websites too.  The websites wouldn’t be all bad though and could be helpful if marketed in the right way.  Figuring out how to effectively market the website would be the hard part.  Many suggest google adwords, that’s where a saturation problem surfaces again.

Other means suggested to you may be newspaper, distribute fliers, and of course unsolicited email.  Some say eBay is a great way to sell the products.  I did a search and found over a thousand auctions for Herbalife products currently up for auction.  Seems most sell for a small fraction of the retail price so I would have to say this wouldn’t be a good way to try to sell the products.

I think one considering this opportunity should be ready to overcome some real issues that will make it difficult to succeed.  Some say if you can recover you initial investment if you are lucky.  Obviously people have made money from this opportunity and in my opinion it’s a legit opportunity assuming the product claims are accurate.  The pressure to buy product yourself is a bad sign to me and it bothers me though.  One should figure out how they will overcome the saturation and make themselves standout.   Nothing good usually comes easy and does take hard work.  Things do change so if you notice anything that’s inaccurate or changed with the Herbalife program, email me or post a comment below.

Tags: Herbalife, Uncategorized by Researcher
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One thing home business owners may have a particular interest in is taxes. Being self employed and filing taxes can be tricky and painstaking work. Ones goal is ultimately have as little tax liability as possible. Working from home and being self employed offer many great tax advantages if you know what they are. If you don’t, you can be throwing away a lot of money.

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Tags: Business Tools, Uncategorized by Administrator
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I noticed on one of the Liberty League International advisors recruitment site, a quote that actually gives an inside peak of at least part what they may offer.  It was also revealed by a commenter a few weeks ago that said “he was sick of hearing people can just go to Barnes and Noble and read the book”.  The quote on the LLI site said, “We use the principles of “The Secret” and teach you to apply them in life and business. 

“The Secret”…  Just what is the secret some of you may ask?  The Secret is a book written by Rhonda Byrne.  The book talks about the law of attraction and how we control our own destiny.  I think anyone would agree with the fact we control our own destiny.  But the overall fundamentals of the book leave me wondering.  The author tells of how if you want something, you need to simply put in an order to the universe.

Can I really ask the universe to give me something and imagine that I have and it becomes reality?  I truly believe in the power of thought when it comes to the body and unlocking capabilities most never do.  I struggle to believe that it will put money in my bank account just because I ask it to be there.  I think it’s up to me and my own creative mind to generate the streams of income that will put money in my account.  Not to ask and hope for a hand out from the universe.

Do people who have misfortune happen to them because they asked for it?  I wouldn’t think someone put in an order for Mother Nature to destroy the town they live in, or bring famine to an entire country.  Did the co-founders of Liberty League put in the order for the Arizona Attorney General to bring the decision for the fine and regulations brought against them?  I doubt it.

It is an interesting book.  I think it would be recommended that anyone read it before joining an opportunity that someone is going to coach you based on the principals with in the book.  The book is much less expensive than coaching programs, seminars, or conventions in Hawaii.  If you believe in the principals written with in, then at that time you may explore applying the ideas in a business/money making opportunity.

If pressure is put on you because you want to first spend $20 for a book before spending over a thousand to have someone tell you about the book, be alarmed! 

I personally do not know how in depth the teachings of “The Secret” are used in the LLI program.  Some say a little, some say a lot.  It is obviously something that is touched on anyway as its written on the website.  You can find out a lot of information on “The Secret” on the internet for free, I would at the very least, do some research and make sure this is in line with your own beliefs before having someone tell you what to believe.  Free thinkers remember!  My opinion is, “The Secret” holds some interesting theories but more time and research is needed to determine its effectiveness.  We would love to hear your experiences using the teachings of “The Secret”.

I wanted to add an afterthought to this after I posted it. I want to be clear that this site is not putting down or mocking those that believe in the teachings of “The Secret”. This isn’t a negative post about the teachings. I guess I think of it like this…Believing in the teachings would almost be like having faith in your religion, assuming you are a religious person. Believing in your religion you are putting your faith in a theology that’s not totally proven. There isn’t any really hard core evidence of “The Secret” living up fully to all of its claims. But it’s good to have faith and it’s good to have things to have faith in. Just remember that you’re not charged large sums of money to go to church or to form your own opinion while taking in information. Don’t let people take your money to tell you how to think, that’s my point.

Tags: Liberty League International, Uncategorized, Unfounded by Administrator
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We wanted to open up a post about Loral Langemeier here on this site. She is known as “The Millionaire Maker” and claims through her coaching program that she can make you too, a millionaire. She has written several books and it seems her books get great reviews and the readers love them.
What doesn’t seem so desirable is her sales team that follows up leads with interested parties, and buyers. I have seen many complaints on her sales team from persistent harassment to rude behavior.
What people are saying about her coaching classes is a little mixed. From the best we can tell the coaching classes have a cost of about $8,000-$10,000. Some have said that they were encouraged to just put it on credit cards because they would be able to easily pay off after they became wealthy. Kind of sounds like a tactic used be another opportunity featured on this site. But anyway, people have claimed that its great and others are saying it’s a total waste.
We wanted to open this up for people that have tried the courses or read the books. Please note that this website has a neutral position and is not promoting or discouraging the programs until more information is gathered. Tell us what you think.

Tags: Uncategorized, Unfounded by Administrator
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