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FIB - Scams 101 - Ye Olde Archives
Posted By: Mel. White In Response To: Coastal Vacation?? (Anthony)
Sunday, 24 July 2005, at 11:14 a.m.
> Has anyone had any experience with a co. called coastal vacations? I am
> looking them over and would like some feedback from anyone. I understand
> they have been in business for 10 years marketing vacationd packages with
> substantial commisions......any opinions/experiences would be great..
There was an entire board once devoted to them (Watchdogs, I believe) and the messages ran from raging anger at being ripped off to snarky posts by people recruiting for the "opportunity."
Basically, what you do is you have to buy the "opportunity" for a lot of money. You get a "training call" set up and "training." Then you are told to contact people (which usually ends up being your family and friends, thanks to gentle suggestions about how wonderful it would be to have them free of their horrible drudge jobs and getting some Real Money) and you and the trainer sell the package to your friends.
The trainer gets ALL of the money from the first two sales (used to be the first three sales.)
Then the trainer works with your friends and sells you lists of "hot prosepects" and sells you various software packages while telling you that you need to stay motivated and how wonderfully you're doing and how well your friends who bought this can do.
Bottom line: you've probably exhausted your "hot market" with the first two sales. Most folks never manage to get more than those two (meaning you're out the $1200 or whatever plus website hosting plus a lot of other things) and you find yourself 9 months later trying something else and trying not to admit to the trainer (still selling you stuff) that you're actually quitting because you've heard all his rants about losers who quit.
Frankly, you'd do better taking your money and going to Las Vegas. You could do even better if you'd take that $1200 and open up a stock market account with an online broker. At the very least, even if you have some horribly bad picks, you won't have spent 20+ hours per week and $4,000 or more over the course of nine months only to lose it all. With the stock market, you can quit any time and nobody snarks about what a loser you are and how you didn't follow their plan.
(for the record, I do pretty well at stocks. Last week, I bought Google at bargain prices during its drop and expect to see a nice rise in the next 3 weeks.)
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