Product Name: Market America
Product Website: www.marketamerica.com
Price: $550 (Singapore Dollars)
What is Market America (MA)?
Market America is also known as Shop.com. It changes the tradition MLM concept to vertical marketing. MA expand their business over 9 countries and their next destination is Malaysia. I found out about this business model from a Taiwanese lady who is in this business for a long time. She approached and offered me to attend a few seminars for free. I went to the seminars and got to understand how it actually work, but chose not to join due to many factors.
So is Market America a Scam? Not really, but the risk is much higher and you will end up earning nothing.
The participating countries in MA America (Main Start-up)
• MA Canada
• MA Mexico
• MA United Kingdom
• MA Spain
• MA Australia
• MA Hong Kong
• MA Taiwan
• MA Singapore
• MA Malaysia (Coming Soon)
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Market America Review
It is a business model that are not much of a different as MLM. It is a recruitment system for growing a downline. MA explains that they are not MLM and they are changing the concept into vertical marketing. As a new comer joins, he or she will need to know more about their house brand products. In order to keep the business growing, you will ask to buy the product through your own shopping cart website.
You will be given your very own shopping cart link which looks like this: shop.com/peter
• Nice looking shopping cart website. Gain cash back for shopping
• Similar to MLM
• Have to create downline
• Have to buy from your own shopping cart to gain points
• The products are quite expensive
• Have to attend lots of seminars (Paid on your own expense)
• No free trial
It seems great to have your own shopping cart ready to make money online. Telling friends that you run an online business and hoping that friends will buy from you. That is only when you are able to get two downline before you even think of making money with MA.
A single person start up kit cost $550, is it too expensive? That depends on the individual and to me there are other business model that doesn’t need so much to start up. So I ask the lady how about my sister and I share a single start up kit. The answer given was my sister should also have her own start up kit which cost another $550.
This cycle will be continue without any ending. Which means if you do not go all out to hunt for your 2 downline, you will never start making money. You will end up spending more to keep buying the product for yourself.
Earning depend of the amount of BV and IBV you make through your sales.
BUSINESS VOLUME (BV) = UNIT VALUE POINTS ASSIGNED TO EXCLUSIVE BRAND
INTERNET BUSINESS (BV) = UNIT VALUE POINTS ASSIGNED TO PARTNER STORE PRODUCTS
Who makes money with MA?
There are people in MA that makes passive income and have started quite long ago. They are the pioneers of the company and have already created a long downline. But many have burned lots of money trying to keep up.
My point of view is that MA is more about selling dreams then helping people make money. It is a system that I feel misled. Follow their steps and make passive income within 2 or 3 years. You are selling products that might not get much interest from people and trying to recruit people to continue your downline system.
Who should join MA?
If you like the products of MA and have the ability to buy the products on a regular basis, you can give it try. Also the most important is that you should have some experience in one to one marketing in order to meet up with strangers and recruit them into MA. If not, you will end up trying to recruit family members and friends.
Not to forget there are a lot of paid seminars to attend which can be costly. When I was at the seminar, I heard from the speaker that you can also sell these tickets. These ticket prices are not cheap. You may buy a handful of tickets to invite others to join at your own expenses.
Market America to me is not a scam, but the investment to start this business is way too risky. The products don’t attract me either. There is no need to take risks in starting an online business. You can kick off your online business with your own passion and learn step by step at your own pace.
What do you think of Market America? Have you join them? Care to share with us your experience, please drop your comment below. Thanks