Fast Profits Daily: Here’s what we know so far…
In record time following the abandoning of their last get rich quick venture, AutoXTen, founders Scott Chandler and Brent Robinson shortly announced thereafter that they’d be launching yet another matrix based opportunity, Fast Profits Daily.
In doing so, Chandler and Robinson have brought on board a third founder, Randal Williams. Williams seems to have made a name for himself as a MLM coach under ‘500k mentor’. No doubt he’ll be offering training tips and support to the Fast Profits Daily member base.
Obviously designed to re-create the prelaunch hype that AutoXTen enjoyed and deliver yet another large injection of funds into its founder’s bank accounts, details on Fast Profits Daily are currently scarce.
That said, enough information has emerged to put together what I believe is a fairly accurate roadmap of what exactly the Fast Profits Daily business opportunity is going to be about.
Fast Profits Daily – here’s what we know so far.
The Fast Profits Daily Product Line
Whereas AutoXTen combined a repetoir of bog standard marketing tools, Fast Profits Daily appears to be going the travel route.
FastProfitsDaily.com is NOT the “Seller” or “Booking” agent for travel services. Any disputes or refund request for travel services is handled with the “Seller of Travel” or “Booking Services” that is listed on your credit card receipt or confirmation receipt when you book your travel.
Word has it that founders Chandler and Robinson have previously made money in the dubious travel based MLM’s TVI Express and ROI Unlimited, so now it appears they want a share of the profits generated in running a travel based matrix MLM company.
Unfortunately neither TVI Express nor ROI Unlimited (TVI Express in particular) have very good reputations as MLM companies. I haven’t reviewed the ROI opportunity, but TVI Express have been using a recruitment driven business model for years now and have been declared illegal in several parts of the world (Australia, China, the state of Georgia in the US, Namibia and South Africa).
Hoping to emulate TVI’s success and notoriety, Fast Profits Daily looks as if it’s most likely going to utilise a third party travel booking agent and combine it with a recruitment driven compensation plan.
Until details of the full Fast Profits Daily compensation plan are released it remains yet to be seen whether the travel component of Fast Profits Daily will be tied into member commissions. Given the history of nearly every travel niche matrix based MLM opportunity before it though, all signs currently point to ‘no’.
The Fast Profits Daily compensation plan
Sticking to what founders Robinson and Chandler have done previously, Fast Profits Pro will utilise two 2×3 matrices that offer payouts upon filling with members, either new or existing.
There also seems to be residual income in the form of generational commissions paid up to five levels deep. These commission are paid out when members you’ve directly referred and members they’ve referred (up to five levels) cycle out of the matrices.
Money wise I’m not sure on the specifics until a proper compensation plan is released, but for now Fast Profits Daily are claiming that one is able to make a $35,000 commission by cycling out of a matrix. Again, the specifics of this are unknown save to say that this is a large payout from such a small matrix.
I guess what it comes down to is the joining fee. The $35,000 has to come from somewhere (and it most certainly won’t be from selling travel products and packages), so I imagine the membership fees are going to be rather high.
With no monthly fees either, commissions are most likely going to largely be made up of joining fees. Similar to how AutoXTen works but with much larger sums of money in play.
This ties into the fact that Fast Profits Daily are also going to offer a feeder program. Feeder programs are usually independent throwaway opportunities that exist for the sole purpose of getting many people to fund your entry into a more expensive one. The people that help pay for your entry (in the form of commissions) then need to go out and do the same.
By offering this feeder opportunity (which will be a seperate matrix itself) inhouse, Fast Profits Daily are indicating that their main matrix (or matrices) will be costly to enter.
Fast Profits Daily offer no refunds, except that they do.
ALL Purchases are FINAL and NO REFUNDS or CHARGEBACKS are allowed. Any attempts to acquire a refund or chargeback constitute theft and fraud, and are grounds for legal prosecution.
Purchaser will be liable for all legal and administrative cost associated with the chargeback and minimum penalty of $500USD. Plus any unused services shall be forfeited upon expiration or termination of services.
Reading the above, one would think that if anyone dared to request a refund from Fast Profits Daily, they’d find themselves in court facing a massive lawsuit from the company with full backing from the law.
Well, that’s if you disregard the company’s ‘3 day right of recession’ offer. Although most likely an opt-in component of joining Fast Profits Daily, the recession offer allows members to join Fast Profits Daily for 3 days but restricts them from participating in the compensation plan.
If you’re not happy, at the end of the three day period you can sever all ties with the company and get your money back.
Fast Profits Daily are doing legal on the cheap
Unlike AutoXTen, who appeared to have no legal representation at all, Fast Profits Daily have made some legal attempt to certify their opportunity.
The problem however is that it’s a rather cheap DIY job. Fast Profits Daily’s terms and conditions are a generic agreement and are on license from ‘Mining Gold Corporation’ and ‘Nevada Processing Center, Inc’, which appear to be run in connection with some guy named ‘Jack Campitelli’ who sells a legal guide for websites for $99.
I’m not sure if there’s any extended agreement or representation between the two parties but on the surface at least it looks like Fast Profits Daily are going the bargain basement route of legally certifying their website.
Fast Profits Daily are harvesting your personal details for possible resale
It’s a pretty big warning sign when a company (or associate) demands your personal details before they’ll even bother to explain to you what they’re particular MLM opportunity is about.
Most people, myself included, tend to shy away from these games as often it’s nothing more than a marketing exercise to harvest as many email addresses as possible from potential leads.
What happens next is that those who opt in tend to be pitched all sorts of ideas from people or companies they’ve never even heard of – sometimes even when the party requesting your details clearly states they aren’t going to share or sell your details with anyone.
To their credit, Fast Profits Daily are quite honest about what they may or may not do with your personal details;
Buyer agrees that all personal information about the buyer or his or her buying habits and preferences, including address and phone number, may be placed in a general database and agrees that this information may be shared, rented or sold to third parties.
Buyer agrees that Seller is not liable for communications made to the Buyer by parties unrelated to this purchase even though referred by the Seller.
Buyer accepts full responsibility for limiting unsolicited contact and Buyer understands that he retains all rights to directly restrict communication or solicitation from any party including the Seller.
That’s right, with Fast Profits Daily the onus is on you to limit and opt-out of everything and anything this company might get you into by passing on your personal details.
Oh and don’t count on Fast Profits Daily telling you exactly who they’ve passed on your personal details to either;
Or in other words, ‘we’re going to sell you’re information to whoever we see fit and you have no right to stop us or ask us to who or when we sold it’.
Yesterday the Fast Profits Daily website had nothing more than a countdown timer that actually expired overnight. After expiring the counter sat at 0 till sometime in the last hour.
Currently the countdown timer is showing a 6 hour countdown, but this is most likely as a test as the company website currently states;
In just a few days the hottest new program FastProfitsDaily.com will be launching in over 140 countries! A program that’s affordable and designed for the masses with no monthly fees!
I’d like to say that Fast Profits Daily isn’t shaping up to be just another prelaunch hyped opportunity that will make a ton of money for its founders and then die a slow death… but unfortunately all signs thus far are pointing to exactly that.
Either way we’ll keep you updated as things develop, along with a full review and writeup when a complete compensation plan and product details are out.