PassportToWealth was launched in February of 2007. The company was founded by internet marketer Darren Gaudry with the intent of offering products related to online business.
With well over 6 million potential entrepreneurs every month looking to work from home, Gaudry has made an effort to create an opportunity for people to both work out of the confines of their own home and find financial prosperity.
B) The Required Money
The PassportToWealth product line is comprised of many different software titles on internet marketing. Basically, it's just a large lot of digital e-book downloads. If reading is your thing and you enjoy it, the products could be a good fit for you.
What kind of investment is required to start?
* $997
This covers the products that you will receive. PassportToWealth does not offer refunds. This is a common problem with companies that promote a large number of digital downloads. The potential prospect doesn't really have a chance to take a look at the products before deciding to stay or not. The $997 is a kind of "no looking back" investment.
On top of the initial startup cost, keep in mind you will need to advertise. In your first month, you can expect to spend anywhere from $75-$350 in advertising costs.
C) The Compensation Plan
The money you'll make will come from reselling the same products you purchased to others.
How much profit exactly?
* $997 commission per sale
The main disadvantage is the payment plan. PassportToWealth uses an Australian 2-up compensation plan. This means you will have to pass up your first two sales to your sponsor.
The company claims that this passing up of money is exactly what will motivate your sponsor to help you succeed. While this may be true, once you have given up almost $2000 to your sponsor, he or she doesn't really have any remaining motivation to continue guiding you.
It is definitely possible that you could be left with no support fairly quickly.
To be sure, the most challenging sales to make are the first few. Having to give up your hard earned money can be a demoralizing blow, and one which convinces many people to quit their business immediately thereafter.
The PassportToWealth payment structure doesn't encourage an environment of teamwork. As a result, finding a mentor that is motivated to stick with you might prove difficult.
Conclusion
The PassportToWealth income opportunity is not a scam but you do need to work at it to make good money, as with most everything. Don't worry, with so many millions of potential entrepreneurs searching out work from home opportunities every month, there is a demand and a marketplace for the company products.
Ultimately, you will need to decide if this opportunity is the right one for you.
