May
29

Preservation of Wealth

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As a true observer, I have noticed as of lately there has been a big buzz about Preservation of Wealth . The Network Marketing community, has been blanket with the opportunity that the said company presents. Along with this are the stories of course are the typical ‘MLM naysayers’ saying that Preservation of Wealth scam. Well, in this Preservation of Wealth review article, let me tackle the truth about the company and see if it is a scam, or a legitimate home based business.

Preservation of Wealth is basically a “Costco Type” Membership for Bullion Coins. The cost is $249 for a 12 month membership which allows you to buy bullion coins at unbeatable prices for 1 full year. The Preservation of Wealth “Option-ship” is a part of the program where POW members have the “option” hence the term “option-ship” to auto-ship to themselves monthly an Ms70 American Silver Eagle. If members Opt into the Option-Ship this counts as Product “50BV” or Volume and helps you to “Cycle” into another $100 Cycle bonus faster.

To qualify for “Cycle Bonuses” in Preservation of Wealth, you must refer 3 Memberships. 1 of those may be from your own purchase of a membership. You must also place the Business Volume (BV) of at least 1 Membership on each of your teams. Effective, 3-13-11, when you have at least 300 BV on one Team side and at least 300 BV on the other, you earn a cycle, which is a $100.00 commission. Team Business Volume counts for you the same as if you made the sale yourself, regardless of who makes the referral. Each new member counts as 100BV in whatever side they land in, and counts toward the 300 bv on the left team, and 300 bv on the right team you need to qualify to earn another $100 Cycle Bonus. This commissions is NOT a “Residual Income”. But only earned when new Memberships are sold.But will it live up to the hype?

In conclusion, Preservation of Wealth  isn’t a scam. Instead, it’s just a new MLM Company trying to establish its credibility by offering individuals an opportunity to make money.

I discovered like any profession, it’s not the company that makes an individual successful. If you want success in POW, you need the right marketing skill set and COACHING from people who actually know how to market online & offline. Yes, an individual has to have a well established foundation of marketing techniques for him or her to have an edge in the marketing industry and be able to sponsor 10-20 reps a month. However, before you’re able to sponsor 20 reps a month you first need a stream of NEW TARGETED LEADS to talk to every single day. After all, this is a marketing industry, so a parallel set of knowledge is the most important one.

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Randy Chambliss
Categories : Uncategorized

Comments

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