Old threads are a great source of education to re-visit like this one. While the concept is good, some things just do not pan out given the collapsing economy and extra pressures put upon the average MLMer. Excuses are excuses when it comes to business, and just like we see in government, making excuses does not change the facts.
I look for value when researching any business, traditional or internet, if you cannot represent true value, then forget about it, the business will not fly, especially in a recession like this. Groupon is about to go public, and it took them years to get to this point, but is the model sound? The concept is sound, after all, it serves the interest of business and consumer, a win win situation for any business. But, and this is a big BUT, will it survive after IPO?
We saw what a disaster FaceBook was with IPO, dropped like a rock and people lost millions, so will Groupon see same backlash in this uncertain market? I have followed Groupon and have used it, and I was not imressed from a consumers standpoint, so we shall see. It was a very cumbersome buying experience, and then supplier did not deliver, so a double bad experience for me. For the business owner, maybe it works, but in reality, is it any different than Amazon concept, minus the discount coupon angle?
Time will tell, but where is Customer Advantage now? I have not seen much in the way of information on company in over a year, and judging from this dead thread, makes you wonder. I try to research everything, and I liked concept of Groupon from start, so I looked at Customer Advantage, but with the usual start up issues, lost interest knowing the pitfalls of start up businesses without proper funding. MLM is typically used to generate capital for start ups which are not well funded, so one has to look more closely is what I have learned.
So how is Customer Advantage doing today, they are long gone as I see it. Lessons learned, copying the Groupon concept is sound, using MLM model is good, but how many start ups well funded? Not very many in my opinion and knowledge. An interesting concept I see in recent years is self funding, but rather than use the MLM model exclusively, I am seeing a mix of both in recent years. Revenue sharing programs are gaining in popularity because of the high rate of return on loans to company, so just another sign of the times given banks are not making business loans anymore. Should be interesting to see how this new concept in MLM pans out.
Success to all,