Friday, August 1, 2008

ACN Business Review: Is it A Scam?

By Joe Marquez


If you are reading this article, I'm betting that you are researching ACN after seeing their business presentation at a hotel meeting or a friend's house. You probably heard them promote their video phone and show off their products then proceed to tell you how a onetime investment of $499 can start you off to earning some serious income. I wouldn't be surprised if after the presentation you were more confused than ever but you liked what you heard. So to help put it all together and help you understand exactly what ACN is, I'd like to give you an unbiased review of ACN and help you understand their products and their pay structure.

Let's start at the beginning. ACN is a global telecommunications company that started 15 years ago in Detroit. They offer several different products that include home phone service, cell phone service, satellite tv, digital phone service, and the mother of all their products: the VIDEO PHONE.

They pay out commissions in three different ways: personal residual income, overriding residual income, and bonuses. The personal residual comes from customers that you acquire yourself whether they are family, friends, or even strangers. They claim that you can receive up to 10% of the total billing of your customer base, but to reach that tier your total billing has to be upwards of $10,000. So basically, personal residual income equals pennies on the dollar and is ALWAYS insignificant to the new representative.

The second type of residual income, overriding, is the same as personal residual income but with a twist. When you refer your friends and family to the business and they join, when THEY acquire customers themselves you TOO collect a percentage of those customers bills. However, the percentage that you receive is dependent on what level that representative falls on. Rather than get very detailed, you can visit this website for a detailed description of their full compensation plan: https://myacn.acninc.com/MyACN/ShowDoc?DocName=docs/us/en/301.pdf

Finally, the most important source of income for ACN representatives: team customer acquisition bonuses, otherwise known as TCAB's. These are bonuses that are received when your organization grows. The amounts of these bonuses vary heavily since it is dependent on a number of factors. Put simply, when you or someone on your team signs up a new representative it counts towards your bonus for that given month. Depending on how many new sign ups occurred in a month for your organization, a certain bonus is paid. You basically get paid when you recruit new individuals into your business and when you acquire customers.

But the question that most people want answered is if this works? Is it legal? What' the catch? And so on and so on. ACN has been in business for 15 years now and they conduct their operations in 20 different countries. There is no question that they are not operating legally and that they are not a scam, especially with a Donald Trump endorsement. Not only that, but even thought you aren't guaranteed to make lots of money, there certainly individuals who have. Individual results will vary, but you need to remember that in an industry like direct marketing, with ACN or any other company there is a 97% failure rate. That's just how things are with these types of opportunities.

So it isn't a question of whether ACN is real or legal, it's whether ACN is the best opportunity for the price they charge: $499. Not necessarily. ACN adopts a very old school method of building a business. Talk to friends, family, and acquaintances and make a list of people who you think would like to make more money. This is what they tell you. But what happens when you run out of friends and family to talk to? Either you quit, or like the top earners in the company you get creative. I know for a fact that some of the million dollar earners use advertisements on the internet, classifieds, stores, you name it. Some of them will just walk around a public area and talk to strangers. This is what it takes to make the big bucks. Sooner or later that is what it comes down to. That may scare some people, but it's the truth.

If you know how to use the internet, building a business like ACN doesn't have to be difficult. Rather than hound your friends about an opportunity, talk to people who are eagerly waiting for an opportunity to make more money. I'd like to talk to you about a business called the Wealth Funnel System. It is for people who are looking to increase their income stream, but have time freedom at the same time. Its creator, Derrick Harper, is an internet marketing veteran who has been making money online for well over ten years. He has worked with very popular companies like MTV, CMT, Pfizer, Weber Grills, Johnson and Johnson, and more. He has made millions online and what he has done with the Wealth Funnel System is created a business that TEACHES individuals how to make money on the internet. The fortune is in the skill set, and the Wealth Funnel System GUARANTEES your success. It is one of the very few opportunities you can find with a MONEY BACK GUARANTEE.

It may or may not be as good as ACN but that's honestly for you to decide. Either way, I hope this information has been helpful.

Wishing you the best success, Joe Marquez

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