Let Us Close Prelaunch Review: Lead closing marketing opp?
There currently no information on the Let Us Close website indicating who owns or operates the company.
The website does have an “about us” blurb, however only the following vague marketing spiel is provided:
LUC Team
The Let Us Close Team is a group of marketers that came together with one purpose: to create the ultimate home business opportunity.
The Let Us Close website domain meanwhile was registered on the 25th of March 2015, however the domain registration is set to private.
Not much to go on… but here’s what else I was able to find.
The Let Us Close Product Line
The Let Us Close bill their product as an “advanced marketing system”.
Within this system you have a ‘getting started training system, contact manager, email blaster (and) automated social marketing system.‘
Each affiliate is also given a “custom ID”, which is apparently linked to getting Let Us Close staff “close” leads you send their way (ie. get them to sign up for or purchase something).
Whether or not Let Us Close will work with general leads or only leads pertaining to the Let Us Close MLM business opportunity is unclear.
The Let Us Close affiliate sign-in page has a logo for something called “MLM Builder System”:
But I was unable to further verify what that was (too vague a name and the logo didn’t come up elsewhere).
US-based Let Us Close affiliates apparently also get “50 post cards and 50 peel-n-stick names” when they sign up. Not sure what that’s about (old school marketing?).
Currently there are no prices provided on the Let Us Close website, so how much all of this costs and whether or not it’s available as a retail purchase is unknown at this time.
The Let Us Close Compensation Plan
The Let Us Close Compensation plan combines an upfront Fast Start Bonus with residual commissions paid out via a binary compensation structure.
Fast Start Bonus
The Let Us Close Fast Start Bonus is advertised as paying out 75%, but of what we’re not sure.
If the Let Us Close service is available at a retail level, then it’s obviously a cut of that. If the service is bundled with affiliate membership, then 75% of that will also be paid out.
I’ve seen Let Us Close affiliates advertising the Fast Start Bonus as being $30, which means the total cost of signing someone up is $40. Again, whether this is the cost to sign up as an affiliate or just the marketing system is unclear.
Binary Commissions
Residual commissions in Let Us Close are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides:
These first two positions form the start of two binary teams, left and right.
Sales volume is tracked between both binary teams, with commissions paid out on generated sales volume.
At the end of every week, a Let Us Close affiliate is paid 25% of the sales volume generated by their weaker binary team (the team that generates less volume).
Currently $20,000 a week is the maximum a Let Us Close affiliate can earn in binary commissions.
A 100% matching bonus is also paid out on binary commissions earnt by personally recruited affiliates.
Note that a Let Us Close affiliate is required to recruit at least two affiliates to qualify for binary commissions. In order to qualif for the matching bonus, an affiliate must also have two personally recruited affiliates who have each recruited two affiliates of their own.
Joining Let Us Close
At the time of publication Let Us Close affiliate costs have not yet been made public.
What we do know however is that the Fast Start Bonus pays out 75% or $30, meaning it costs a minimum $40 to sign up as a Let Us Close affiliate.
I’ve also seen an ongoing $50 a month fee, which is no doubt tied into continued access to the Let Us Close marketing system.
Conclusion
The Let Us Close website, albeit in prelaunch form, is suspiciously absent of information regarding who is behind the opportunity.
I wasn’t able to ascertain anything from the Let Us Close website itself, but I did find this interesting tidbit published by Mike Stamper (a LUC affiliate):
See why everyone from every company is joining LUC!! It’s a chance of a lifetime. Lock in your spot today.
If you are already a member of EPX you have been given a f-r-e-e position already with your entire team in place below you. Simply log in. to (affiliate link removed). Use your EPX username & password.
“EPX” would of course be EPX Body, run by Dan Putnam, Founder and CEO of the opportunity. Not surprisingly, Mike Stamper is also an EPX Body affiliate.
Why we had to dig up affiliate marketing to learn that is a mystery.
EPX Body was founded in 2012 and market weight-loss and general health products.
The company was rebooted as One80 (EPX180) last year, however that effort appears to have been abandoned (the One80 website domain is currently parked on a maintenance page).
Of concern is that it is not currently disclosed on the Let Us Close website that they have preloaded the affiliate genealogy with EPX Body affiliates.
The company simply advises visitors to “lock in their spot”, with there being no indicating that this spot will be behind however many EPX Body affiliates sign up.
Also of concern is this line of text from the Let Us Close website:
As an International member you receive one share in our company co-op.
As I understand it this is a lead generation co-op, which is obviously not being offered in the US because regulators don’t like MLM opportunities providing affiliates with leads.
The reason is that it lends itself all to easily to chain recruitment pyramid schemes, and that brings me to my third and final concern.
From what I’m reading retail isn’t going to be an option within Let Us Close. Or if it is, nobody is currently focusing on it, let alone having even mentioned it in their marketing material.
Instead, Let Us Close is sounding like a $40 or so affiliate recruitment scheme, where $30 is paid out per recruitment of a new affiliate.
Residual commissions are then paid out through the binary, which pays out every week so long as everyone pays their $50 a month.
What are they paying that for?
For a lead closing system that affiliates are supposed to send potential Let Us Close affiliates to, thus creating a closed product loop that nobody except Let Us Close affiliates are going to be interested in.
And without external interest, Let Us Close would be very much operating in pyramid scheme territory.
Which is a shame because EPX Body has a decent enough retail offering.
Not sure what’s going on the corporate side of things, but this is probably a business model that should be run by an MLM attorney before Let Us Close launch on May 17th.
regulators in the US are not comfortable with ‘virtual products’ of indeterminate value.
MLM selling physical products generate some ‘real economy’ of production and distribution, and are given a long rope, unless amounts invested are very high.
so, LUC has smartly added some postcards and stickers, for the US market, to create the impression of a product sale company.
on the other hand LUC say, they will ‘close your leads’ for you, taking it into howey test ponzi territory, where ‘management does all the work’.
but, this little ponzi/pyramid offering is not worth dissecting, because it will soon become ‘Let Us Close DOWN’.
6 months? one year?
Anjali –
You have no idea at all what you are talking about. I have worked with the people behind this company and built an organization of over 60,000 Reps in the past using their marketing systems.
Let Us Close will be a monster company and I’m very excited to be working with these guys again.
Your statement about 6 months or a year is laughable. If I were a betting man I would say you’ve never made a dime in the industry.
You are just another Internet gangster that is totally clueless. In the future, do a little homework before you make yourself sound so ignorant.
Good luck!
James L.
@James
Can you confirm if there’s no retail offering?
All of the product information isn’t even on the website yet. It’s in pre-launch. They launch on May 19th.
There is a $325 to $500 product value for only $50 per month. I called one of the owners this afternoon and he told me it would be up soon.
These guys are rock solid, this will be a great opportunity. I love the excitement I am hearing from others on this. Have a nice weekend
@James
Cool, can you you call up the owner again and ask if there’s a Let Us Close retail offering?
The number of products offered and the price is irrelevant if only affiliates are purchasing.
@James…. your BS is making you look foolish!
@scammerssuk ha ha get a life loser. You’ve never made a dime
1] who are the people behind this company LUC ? why is their identity being kept secret?
2] what happened to the 60.000 rep company, was it a ponzi scheme that crashed just like LUC will?
1] which products worth 500$ are being provided at 50$? can you show us the comparative market study you did, to arrive at this conclusion?
2] who are these rock solid guys and why is their identity being kept secret?
it’s obvious you’re making plenty of dimes from shady MLM’s which will not even disclose the name of the owners. it’s called stealing, in case you were unaware.
@James, a typical ponzi pimping scammers response!
What happened to that organization? Nothing at all. I still get a nice check each and every month and have for 14 years now.
I’m all done here, good luck.
So that’s a “no” on whether there’s a retail offering in Let Us Close then?
not before you tell us Who the Rock Solid guys behind LUC are. answer all questions, do not pick and choose and answer only stuff that we cannot verify.
answer fully, then you can buzz off.
It’s normally called a “downline builder system” or “MLM builder system”, but it may have other names too.
You can compare it to Team WUKAR, but without that specific Dubli opportunity. Team WUKAR offered marketing tools and training. Let Us Close offer something relatively similar, but to a slightly different type of people.
so, why does james say “There is a $325 to $500 product value for only $50 per month”
what is the basis for that statement, where else in the market is a similar product offered for 500$ per month.
he cannot randomly put out figures like that. if it is his ‘own evaluation’ he should say that , and not try to pass it off as ‘fact’.
I didn’t try to answer “Why did James say …?”. 🙂
“Lead capture system”
The website letusclose.com can be seen as a “lead capture system” designed to attract contact details from specific types of people = people interested in and willing to pay for a “system” that will help them become successful.
“Some experience”
The system is specifically designed to attract people with SOME experience (e.g. they know what “contact manager”, “email blaster” etc. are). They usually believe in certain ideas, e.g. certain leadership ideas and “money is in the list”.
“Certain filters”
As a lead capture system, it has certain “filters”. Only the most interested ones will leave contact details, most others will be filtered away by certain details (e.g. the vagueness about organizers, missing information for Privacy Policy and T&C). The people looking at details like that will most likely not be interested.
Since Oz found a relation between EPX Body and Let Us Close, then Let Us Close is probably “a pyramid scheme on top of another pyramid scheme”, similar to other “Success Tools Programs”. They come in many different shapes and sizes.
People sign up for IDEAS, e.g. the idea of joining a program early, the idea of team-building, the idea of using marketing tools. So it may be easier to sell a specific idea like “Let us close the sale for you. Just use the marketing tools to drive people to your website, but let the team do the rest of the work”.
@ James. Typical schemer responses which are vague, and which may or may not be true in the hopes of attracting “those who don’t ask too many questions”, doesn’t help those doing their due diligence on your particular service and/or opportunity.
In this age of cybernetting anyone can throw around claims of “I know it works because I made so much money from those who just paid and didn’t ask why or how”.