Tuesday, July 29, 2008

PASSPORT TO WEALTH - AN INSIGHT

By David Lengacher

Passport to Wealth is one of the companies that offer opportunities in home based businesses. Passport to Wealth markets their products, software titles and e-books on Internet marketing, directly to customers using a two-up compensation program.

When you decide to join Passport to Wealth, first you are required to pay $997 to cover the registration fee. The amount entitles to you to several software titles and e-books so you can learn to be successful in the business and come up with the best strategy to earn bigger profits. You also become an official member of Passport to Wealth.

Passport to Wealth uses a two-up compensation program for its members. It means that you are required to pass up your first two sales to your sponsor, or the person who referred you to join the program. However, after you pass up your second sale, you are no longer bound to your sponsor and are free to compete with him.

However, a disadvantage you gain when you join Passport to Wealth is the amount of money you have to spend before you can really earn profits. In total, you have to pay almost $3,000 up to your second sale. That is the amount you come up with after summing up the $997 registration fee and the 2 x $997 you have to pass up. So you really need to work hard.

Unfortunately, the two-up compensation program has a few disadvantages. First of all, there may not be teamwork involved. After your first two sales, you do not join forces with your sponsor; in fact, you compete with them to be the better seller. You may find you don't get them to help you anymore, you have to make sales by yourself. Also you have to pay out $3,000 before you can start earning profits.

The disadvantages are also there when you become somebody else's sponsor. First you need to help him make sales so you can gain money from them. However, afterwards you do not earn anything from him. Instead, you will compete with him. That is why sponsors in the Passport to Wealth program do not usually share their knowledge and tricks because they do not want their affiliates to become strong competitors.

These things will not happen in companies that offer matching override commissions. In these companies, you do not need to pass up sales to your sponsor. You will also get some matching override commissions that are quite great and also get some fees from monthly member fees. The matching override commission program, in overall, is better than two-up compensation programs like Passport to Wealth.

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