subject: Sendoutcards Business: The Pros And The Cons Of This Mlm Business [print this page] From the Office of Internet Marketer, Steph Robey
Why Should You Read My Review Of SendOutCards?
I believe there is a HUGE untapped potential with SendOutCards and at the end of this review I reveal why.
My goal here is to present you with the facts about SendOutCards so you can make a decision about starting your MLM business. I have nothing to do with SendOutCards, I am NOT a distributor or an employee.I have over two decades of experience in primarily start-ups and small business and also hold an MBA and several years of experience in Corporate America.
Regardless of the business you choose, expect to spend a considerable amount of time, effort and money getting your business up and running. Regardless of the business you choose, expect to spend a considerable amount of time, effort and money getting your business up and running. I coach many people in the MLM industry and Ive experienced and witnessed first hand what it takes to breakthrough. Success requires tenacity and a determined mindset beginning on the first day.Remove the word "try" from your vocabulary and just do it.
SendOutCards distrbutors love their company, comp plan and products and as far as I could tell have literally no competition. I think a SendOutCard distributor could make a nice living if they can get enough people looking at their opportunity.The SendOutCards leaders seem to be teaching the old school marketing techniques which will make it difficult for anyone to meet the critical mass numbers needed for success.
To understand the details, read below.
Details of The SendOutCards Pros & Cons
SendOutCards Reputation
I didn't find anything on SendOutCard's CEO, Kody Bateman, when I did a Google search that was negative about the company.Overall, Blog information appeared very positive towards SendOutCards. The MLM industry tends to attract "get rich quick" folks who quickly become disappointed when they realize this industry does require "work".Not the case with SendOutCards, indicating the leaders are positioning this opportunity properly.
I checked with the Federal Trade Commission (FTC) and the Better Business Bureau (BBB) and didn't find any complaints about the company.
SendOutCards Business History
Ninety percent of most businesses fail their first year. So, a little longevity, especially for an MLM or Network Marketing company, will make your new business opportunity a safer bet. Founded in 2004, SendOutCards has successfully made it past the 5-year mark which makes SendOutCards a safer opportunity bet.
SendOutCards Management
Kody Bateman, CEO of SendOutCards is on a mission to build a billion-dollar greeting cards company. He started SendOutCards for some really heartfelt reasons.Kody had just left home for his first out-of-college job when his brother was tragically killed.Kody hadnt really taken the time to say goodbye and then it was too late.The idea for SendOutCards came from this tragic event.
Management is a critical component of a company's success and a Google search didn't really result in any information about Mr. Bateman's background which is a bit of a concern.I'm assuming Mr. Bateman began SendOutCards right out of college with not a lot of other corporate experience.I wouldn't rule out SendOutCards as an opportunity simply because of Mr. Bateman, afterall SendOutCards does seem to be thriving.
SendOutCards Financial History
The company is debt free at the time this article was written.
The Products of SendOutCards
IF you like the product, chances are your customers will, too. This is especially important with MLMs and Network Marketing companies. Personally, I love the concept of SendOutCards: an online hub that makes it simple and convenient to select a printed greeting card, have it stuffed into an envelope, stamped and sent in the mail on your behalf.
When you buy a card you also get an online contact manager. PLUS printed with your handwritten signature, and you can upload your own images for full customization making it as easy to send a greeting as it is to send an email.Don't you just love that?
SendOutCards Competition
Folks, this is a billion dollar industry in greeting cards.SendOutCards has a unique online delivery system and has next to no competiton within the MLM industry, but it is up against both Hallmark and American Greetings, both huge companies.SendOutCards literally has no competitors, which makes it a huge advantage. First to market is always an advantage.
SendOutCards Comp Plan
SendOutCards offers a front-end compensation plan, otherwise known as direct sales, with decent commissions, fast. This is known as GPT, or Get Paid Today, my personal favorite type of plan.As a new business, you'll need cash flow and so will your team members so this is critical.This will help keep you in "money" as you grow your revenues.
A residual income gets paid out by SendOutCards, too, meaning you can make money even while you're sleeping.Trust me, this is a really good thing.
Critical mass is so important your home based businesses, meaning in order to succeed it will come down to how many people you can get to look at your business every day.Success means signing one new distributor every day.
Heres how SendOutCards Comp Plan works:
1. You'll be your first SendOutCards customer.
2. Choose to work the SendOutCards business and start signing your friends up for the "free gift."(Easy enough to do!)
SendOutCards has 7 levels of compensation:
1. Customer Direct Sales Profits: People purchase an annual pre-paid greeting card account used to purchase the cards and stamps.
2. Retail profits from Preferred customers (paid monthly). This pays volume commissions.
3. The Wholesale Commission - Costs $298 and includes a coaching session that you give. In turn, you make $120 bonus, paid weekly after the session.
4. Entrepreneur Plus Package - The cost is $398 and is similar to the package above including coaching in your downline but you can get a bonus of $15 to $50 for each session, paid weekly.
5. Seminar Treat'em Right - Weekly bonus when you get your reps to attend this additional seminar.Make an additional $5 to $30 bonus here.
6. 7-level Volume Bonus: paid on the greeting cards that are sold in your entire group (paid monthly).
7. Leadership Volume Bonus: paid on greeting cards sold on unlimited levels within your group. Commissions of 5% to 25%, depending on ranks of leadership.
The Competition of SendOutCards
Be sure to take a look at the top producers, or the leaders, of the MLM company. Sit in on one of the SendOutCards trainings. Interview them if you can. How do they market and train their SendOutCards team?This can be the difference between fast money and no money.You want to look for a blueprint, or a system that will get you started step-by-step.
The only downside to SendOutCards, that I see, is the top SendOutCards producers are old school marketers: utilizing the 3-foot rule, and the friends and family list of warm contacts all pointed towards hotel or home meetings.Old school marketing requires a lot of people in your personal network to achieve any level of success.To reach that one new SendOutCards sign-up per day you're going to need a lot of people looking at your SendOutCards opportunity daily.
See Training below.
SendOutCards Training
Many MLM companies focus on recorded webinars and mindset education, which is great training! However, SendOutCards is not training on Internet Marketing, which for todays MLM distributors, is a fatal mistake.
Internet Marketing will allow you to generate 50 to 100 leads per day. Thats actually, several hundred people per day, looking at your opportunity. That would be very difficult to do daily without leveraging the Internet and instead attempting face-to-face discussions with prospects. People will actually flock to YOU.
I see this with a lot of MLM companies. They pitch the old school style of marketing and its the #1 reason people fail: chasing prospects and attempting to convince them that they want your offering.You're required to talk to anyone within 3 feet of you in order to get to your critical numbers. Believe me, I know Ive done it.Before long, your family and friends, the neighbors, the grocer, etc., will all go out of their way to avoid you.
Its the biggest opportunity for SendOutCards distributors.
Untapped Goldmine In SendOutCards Revealed
SendOutCards offering is outstanding, especially when combined with the power of attraction marketing and todays technology.I built this website exactly for this reason. The distributor who uses the Internet for their SendOutCards business will dominate the market in a matter of months.
Never go to a hotel or home meeting again and never wait to approach complete strangers ever, ever again.Utilize the Internet to instantly and automatically educate people who've asked for information and can ultimately purchase from you while you are sleeping at night. Ive done it for my business and many, many others.I'll share my step-by-step blueprint with you.
Click the link below to get my step-by-step plan along with all of my resources to take your business to the same level of success.You can learn step-by-step my process of Internet Marketing that I spent the last 13 years figuring out.You'll get training and so much more like all inclusive training with industry legend Mike Dillard.Successful entrepreneurs never quit, so continue your due diligence.
