Another multilevel marketing program (MLM) has started. It's called the Resorts 360 Vacation Club, and bloggers were quick to call it a possible scam. Resorts 360 is launching treatment for major problems with another MLM trip called YTB Travel, when California Attorney General Edmund Brown sued them for "operating a giant pyramid scheme."
Travel and tourism generate over $ 7 trillion a year. Not surprisingly, home-based entrepreneurs want to use these profits. Some of the programs were completely fraudulent. They have charged people thousands of dollars and delivered little or nothing when the actual value of so-called products was analyzed. Not all home business travel opportunities are fraudulent, some actually offer real value retail products to the travel market.
Now that Resorts 360 is launching, many are wondering if the program is another MLM scam or a true business. That is a fair question.
There are no doubt some issues with Resorts 360, but is it a scam? While the MLM company supplies the actual product, the membership of the holiday club they sell decreases compared to the membership provided by competitors on the home business base. The Resorts 360 program offers access to fewer resorts, and members pay more for one-week vacation rentals than their competitors. That doesn't make it a hoax, but it does make those hoping to make money from 360 resorts at a disadvantage.
Resorts 360 members get access to about 4,000 resorts, while one competitor says they have over 5,000 and another advertises over 5,400 resorts. Resorts 360 Holiday Club members are offered a condo vacation starting at $ 399. That's about $ 100 more than one competitor and $ 250 more than another. A member who only takes two vacation weeks a year can spend an additional $ 500 a year with the new MLM Vacation Club. For a decade, that's $ 5,000 more.
With fewer options to choose from and more expensive vacation weeks, you might think that 360 resorts might want a price advantage on the market, but that's not the case. While their competitors sell lifetime memberships (100 years), the longest membership available through Resorts 360 is just one year.
For a ten-year vacation period, Resorts 360 holiday clubs would cost $ 2,639 if renewed annually at the current price and a whopping $ 5,616 if paid at the current monthly rate. Lifetime competition memberships cost them $ 2,995 and $ 1998. This means that for $ 641 less, users can have access to over 1,400 more resorts, save $ 250 each from lower vacation rates and still have 90 years of membership benefits to enjoy or sell and transfer to someone else.
Providing a lower product and charging higher prices does not turn the resort's 360 vacation club into a hoax. Just like with any other purchase, the buyer must beware and compare their options.
While the product is a product, many people just buy anything to start a home-based tourism business and hope to start making money from home. The question is, can these trusted internet millionaires actually make money with Resorts 360?
Those who want to make money from home should not pay much attention to resorts 360. Marketing experts say that the disadvantages they face with their product will only eliminate the attraction of the retail target market for travelers. Higher prices will definitely not win those who take the time to shop. The maximum commissions earned are only $ 200 compared to the two competitors who pay $ 1000.
Resorts 360 promise residual income as memberships are renewed and payments come for monthly programs. That seems very unlikely. With other MLM programs that require people to renew, over 95% of members drop out and not renew. This is because these people only join to make money and when they do not see a profit, they continue to move forward.
As you can imagine, it can actually be very difficult to make a profit with Resorts 360. It costs roughly the same marketing money to earn $ 200 in profits as well as to earn a profit of $ 1000. Some sales will be made, but how many marketing dollars will be spent to earn low commissions? If it costs a member more than $ 40 to get someone to buy it, he or she may put that member in the red and he or she cannot plan on completing this for renewal or MLM passive commissions. A new member will probably need to enroll over 100 people just to get about five who are actively working in the business and make some profit.
While Resorts 360 is not a scam for everyone, it is obvious that they have painted a much pinker picture than MLM history would suggest. Those looking for quality vacation membership at the club will find more benefits and healthier memberships in other merchandise. Those looking for a home-based business will also find better opportunities with better holiday clubs and higher commissions. One competitor accepts credit cards for his or her lifetime membership and even offers payment plans with only $ 198 to get started.