Thursday, October 18, 2007
SMC on Ebay
I did a little research on SMC items being sold on ebay. I wasn't suprised to find many sellers competing with eachother, pedaling items that people didn't really want. My thoughts are that most of the SMC items are not products that people would go to ebay to purchase. Take this for example. I watched 16 items from various sections of SMC's "World of Products" catalog. Of those one sold and not suprisingly for much less than SMC's listed retail prices.
Just Under the Wire
Despite the initial issues I had with SMC, I decided since I had gone as far as to order the kit and I had it in my possesion that I would give it a try. My plan was to distibute catalogs to friends, family and other acquintances but my main goal was to recruit wholesalers and fundraisers. This way, I didn't have to sell the actual products to many people to make money. I just had to sell one person at a time on the oppurtunity. I had even called the PTA president who was going to consider me for a fundraiser. This made it all the more difficult to make the decision to send back the kit and time was running out on my 30 days!
What made me reconsider returning the kit after I had called the PTA? The shipping costs. My shipping costs would have been 27% of my cost of goods sold for orders of $30-$500. Which they say all you have to do is charge your customers 10% of their order and you will have more than enough to cover the 27%. Well that justifies nickel and diming me to death, now doesn't it? I can't see where a person can make any money with 27% going towards shipping and don't forget about the cost of other supplies ie. catalogs.
I had also figured on doing some selling on ebay but that would have been a waste of time as well.
Here is a link to the Ripoff Reports on SMC, 198 total.
Oh, yeah, I sent it back on my 30th day. I hope I get a refund without any problems.
What made me reconsider returning the kit after I had called the PTA? The shipping costs. My shipping costs would have been 27% of my cost of goods sold for orders of $30-$500. Which they say all you have to do is charge your customers 10% of their order and you will have more than enough to cover the 27%. Well that justifies nickel and diming me to death, now doesn't it? I can't see where a person can make any money with 27% going towards shipping and don't forget about the cost of other supplies ie. catalogs.
I had also figured on doing some selling on ebay but that would have been a waste of time as well.
Here is a link to the Ripoff Reports on SMC, 198 total.
Oh, yeah, I sent it back on my 30th day. I hope I get a refund without any problems.
Checked Out FHTM
When I checked out FHTM on the BBB website two things struck me:
"Some callers indicate the offer appears to focus on making money by recruiting others rather than on the sales of goods or services." That's nice.
And under the "Educational/General Comments" (3rd paragraph) is a blurb about pyramid schemes. Wonder why that is there.
I had three votes on my survey about wether I should send back my SMC kit. One voter refered me to her FHTM site which, I am only assuming but, I think was one of her recruiting techniques. The other only refered me to the main headquarters website.
I found this other cool site (wish I had before I bought into SMC) Ripoff Report. There are three reports here.
I will probably be bombarded with recruiters now, but again, the reason I was turned off by this company from the start, without checking into it further, was the lack of information I recieved from a 96 page magazine I purchased for $5.95. Oh, and that magazine, by the way was "Success from Home". You shouldn't have to buy a magazine to be sold on getting into business with one company. I bought it thinking that I would get some ideas from it.
"Some callers indicate the offer appears to focus on making money by recruiting others rather than on the sales of goods or services." That's nice.
And under the "Educational/General Comments" (3rd paragraph) is a blurb about pyramid schemes. Wonder why that is there.
I had three votes on my survey about wether I should send back my SMC kit. One voter refered me to her FHTM site which, I am only assuming but, I think was one of her recruiting techniques. The other only refered me to the main headquarters website.
I found this other cool site (wish I had before I bought into SMC) Ripoff Report. There are three reports here.
I will probably be bombarded with recruiters now, but again, the reason I was turned off by this company from the start, without checking into it further, was the lack of information I recieved from a 96 page magazine I purchased for $5.95. Oh, and that magazine, by the way was "Success from Home". You shouldn't have to buy a magazine to be sold on getting into business with one company. I bought it thinking that I would get some ideas from it.
Tuesday, October 2, 2007
Fortune Hi-Tech Marketing
Always on the lookout for inspiration and opportunity, I stopped by the magazine/book rack at Staples and this one caught my eye. One headline read “How to Make Money By Saving Money”, this was one of the selling points for me and after checking that the others didn’t look more impressive, I purchased it.
I was excited to begin reading, the feature stories looked very interesting and I was hungry for money making ideas. When I finally got to sit down with the magazine my excitement turned to disappointment when I realized the entire magazine was a come on for Fortune Hi-Tech Marketing (FHTM), a network marketing company. I flipped through the entire magazine full of success stories, a little bit of product information and from what I could tell, no contact information or website. I thought at least if I could find a website, I could by-pass all the fluff, find out what this is all about and make a decision on whether this was worth while to persue.
I have to admit the health products and organic shampoo intrigued me. That, combined with the tech products, conflict me. And the fact that I couldn’t easily find contact info ticked me off. Oh, and that blurb on the front cover, “How to Make Money By Saving Money”, I can’t comment on it because I found nothing in the magazine that referred to it. Now maybe if I read this thing front to back I would feel differently but so far reading any further feels like a chore rather than an exciting peek into what might be a very good opportunity.
I popped in the “free dvd” hoping to get more information. In hind-sight I would hardly call it free since I paid $5.95 for what I am now considering a sales pitch of some sort.
One of the first things I heard was that the “sole purpose” of this company is to help people. The bottom line is not determined by how much money it makes but by how many lives it impacts. That sounds really good but is hard for me to believe. They don’t want to make a lot of money but they want others to. Again, the dvd, is loaded with success stories but I still don’t know exactly what’s involved.
Has anyone heard of or dealt with this company? Any comments? Can anybody answer for me: how does it work?
I was excited to begin reading, the feature stories looked very interesting and I was hungry for money making ideas. When I finally got to sit down with the magazine my excitement turned to disappointment when I realized the entire magazine was a come on for Fortune Hi-Tech Marketing (FHTM), a network marketing company. I flipped through the entire magazine full of success stories, a little bit of product information and from what I could tell, no contact information or website. I thought at least if I could find a website, I could by-pass all the fluff, find out what this is all about and make a decision on whether this was worth while to persue.
I have to admit the health products and organic shampoo intrigued me. That, combined with the tech products, conflict me. And the fact that I couldn’t easily find contact info ticked me off. Oh, and that blurb on the front cover, “How to Make Money By Saving Money”, I can’t comment on it because I found nothing in the magazine that referred to it. Now maybe if I read this thing front to back I would feel differently but so far reading any further feels like a chore rather than an exciting peek into what might be a very good opportunity.
I popped in the “free dvd” hoping to get more information. In hind-sight I would hardly call it free since I paid $5.95 for what I am now considering a sales pitch of some sort.
One of the first things I heard was that the “sole purpose” of this company is to help people. The bottom line is not determined by how much money it makes but by how many lives it impacts. That sounds really good but is hard for me to believe. They don’t want to make a lot of money but they want others to. Again, the dvd, is loaded with success stories but I still don’t know exactly what’s involved.
Has anyone heard of or dealt with this company? Any comments? Can anybody answer for me: how does it work?
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