Another multi-level marketing (MLM) program has launched. It's called the Resorts 360 Vacation club and bloggers were quick to label it a possible scam. Resorts 360 launches on the heals of major troubles at other travel MLM called YTB Travel, when California Attorney General Edmund Brown sued them for "operating a giant Pyramids of Egypt scheme".
Travel and tourism generates over $7 trillion a year. It's not unexpected that entrepreneurs working from home want to tap into those profits. Some of the programs have been all-out scams. They've charged people thousands of dollars and delivered little or nothing when the actual value of the so-called products was analyzed. Not all home based travel business opportunities are scams, some actually offer retail products with real value in the travel marketplace.
Now that Resorts 360 has launched, many are asking if the program is other MLM scam or a real business. That's a fair question.
Without a doubt, there are some problems with the Resorts 360 Vacation club, but is it a scam? While the MLM company does deliver an actual product, the Vacation Club rank they sell falls short when compared to the ranks provided by challengers in the home based business arena. The Resorts 360 program offers access to less resorts and members pay more money for week-long condominium vacations than with their challengers. It doesn't make it a scam, but it does put those hoping to make money marketing Resorts 360 at a disadvantage.
Resorts 360 members get access to about 4000 resorts spell one challenger says they have over 5000 and other advertises overflow 5400 resorts. Members of the Resorts 360 Vacation Club are offered condominium vacation weeks starting at $399. That's about $100 more than one challenger and $250 more than other. A member taking just two vacation weeks p.a. can spend an extra $500 a year with the new MLM vacation club. Over a ten year period, that's $5000 more.
With less choices and more expensive vacation weeks, you might think Resorts 360 could, at least, claim a price advantage in the marketplace, but that's not the case. While their challengers sell ranks with life benefits (100 years}, the longest rank available through Resorts 360 is just one year.
Over a ten year period, vacation club benefits with Resorts 360 would cost $2639 if they are revived each year at the current price and a thumping $5616 if paid at the current monthly rate. Lifetime ranks with their competition cost $2995 and $1998. That means that for $641 less, consumers can have access to over 1400 more resorts, save $250 each on their lower condominium vacation prices, and still have other 90 years of rank benefits to enjoy or sell and transfer to mortal else.
Providing an inferior product and charging higher prices does not make the Resorts 360 Vacation Club a scam. Just like with any other purchase, the buyer must mind and compare their options.
While product is product, many people simply buy any the product is to get moving with a home based travel business and hope to start making money from home. The question is, can those hopeful cyberspace millionaires actually make money with Resorts 360?
Those looking to make money from home should not pay much attention to Resorts 360. Marketing experts say the disadvantages they face with their product will nearly eliminate attracting their target retail market of travelers. Their higher prices will by all odds not convert those who take the time to shop around. Maximum commissions attained are just $200 compared with both challengers who pay $1000.
Resorts 360 promises residual income as ranks are revived and defrayals come sure the monthly programs. That seems very unlikely, however. With other MLM programs that require people to renew, over 95% of the members drop out and don't renew. That's because those people joined only to make money and when they don't see profits, they move on.
As you can imagine, it could be very difficult to actually profit with Resorts 360. It costs about the same marketing money to earn $200 profits as it does to get the $1000 profits. Some gross sales will be made, but how many marketing dollars will be spent to earn the low commissions? If it costs a member more than $40 to get mortal to buy, that could put that member in the red and they can't plan on making that informed renewals or MLM passive commissions either. A new member will probably have to sign over 100 people, just to get around five who actively work the business and make some profit.
While Resorts 360 is not an all-out scam, it is self-evident that they have painted a much rosier picture than MLM account would suggest. Those looking a quality vacation club rank will find more benefits and more robust ranks else ware. Those looking a home based business will also find better options with better vacation clubs and big commissions. One challenger accepts charge card game for their life rank and even offers defrayal plans with just $198 to start.
