Lawn Chair Millionaire - Passive Income Or Scam?
By: Wealthy Marketer | Posted: 18th January 2008
Have you heard about the program Lawn Chair Millionaire and are curious if it's a scam or not? This article will give you an unbiased look at the opportunity.
The question that most people have about the Lawn Chair Millionaire program is whether or not they can truly earn a passive income. We'll try to get to the bottom of this question in this article.
The Ploy To Join
Lawn Chair Millionaire launched on Dec. 7, 2007. Upon visiting the website, you are immediately enticed to join the program right away through the fear of loss technique. There is a ticker on the site that displays the moneyline pool that is paid out daily. A lot of people will be drawn into this ploy right away just because they don't want to miss out. Therefore, making their marketing technique successful. The site promises you a certain amount of money and continuously urges you to lock in your position before it's too late. If you happen to not join immediately, but rather opt-in to receive more information, you will be bombarded with obnoxious emails. The emails continue to utilize this "fear of loss" technique by warning you that until you join, you are losing out on commissions.
How It Pays
So how does this pool of money pay out anyway? The truth is that the moneyline pool pays out only on the members that join the same day that you join. This commission is then paid out over the next 3 months. It costs $80 to join the program and if your moneyline commission for joining that day is $80, then you will be paid that over 3 months. The program does pay a $20 fast start bonus and a $15 monthly residual income. Remaining in the program will also cost you a $25 monthly fee. So let's do some figuring. If you remain in the program for 3 months, it will cost you $130 and you will make $80 in return. Does that seem like a wise passive income investment?
On major obstacle is that you are required to obtain the company's debit card to be paid your money. This debit card costs $39.99. You are actually having to pay the company to be able to be paid yourself.
Conclusion
While the Lawn Chair Millionaire program is not a scam, it is not going to earn you a substantial online passive income. A lot of people are looking for a "get rich quick" opportunity. Unfortunately, to earn a great income online you are going to have to put in some time and work. If you want to work hard, sponsor others, and conduct training, then you could possibly do well with this opportunity. However, if you are not willing to recruit others, then you should continue looking for that "get rich quick" opportunity.
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If you are looking to earn a Substantial Online Income, visit Brian's Big Ticket To Wealth website.
Brian McCoy is a six figure earner and one of the top income earners in the home business industry. Brian works with entrepreneurs around the world. He devotes the time, energy, and effort into his team and works with them to ensure their success.
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Tags: amount of money, marketing, truth, ploy, residual income, commissions, pool, fear, bonus, obstacle, passive income, debit card, lawn chair