Yagooft Review: Multilingual Coupon Deals
The “Welcome from YaGooft Owner” page on the Yagooft website displays little else than a cheesy 45 second marketing video featuring what appears to be a company theme song:
Update 3rd August 2021 – As at the time of this update the video featuring the Yagooft theme song has been marked private.
As such I’ve removed the previously accessible YouTube link. /end update
The rest of the Yagooft website contains no information indicating who runs or owns the business.
The Yagooft domain (‘yagooft.com’) was registered on the 18th February 2012, however the domain registration is set to private.
I did note that the YouTube videos that feature on the Yagooft website were uploaded to the account “wagoti wagoti”, but I was unable to find any further information on this name, or whether the name was connected to whoever is behind Yagooft.
As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The Yagooft Product Line
Yagooft refer to their service as a “Global Advertising System”. Without the marketing spiel, essentially it’s an affiliate driven coupon network.
This in itself is nothing new but through their inhouse (but not as yet released) translation software “Turbo Talk”, Yagooft claim that members all over the world will be able to communicate with eachother in realtime.
On the merchant side of things, the Yagooft Global Advertising System runs like any other voucher network, in that merchants sign up for free and are then able to market vouchers to the Yagooft memberbase.
Revenue wise Yagooft don’t charge merchants but rather charge customers (their members) when coupons are actually used to purchase a product or service from a merchant.
Despite stating that ‘merchants are never charged a penny by Yagooft’ in their compensation plan material, the company does charge merchants to advertise, stating advertising costs of 25% (of the value of the voucher), capped at $10 per “priced voucher”.
This revenue comes out of the money Yagooft affiliates pay Yagooft when purchasing a voucher, which would otherwise go to the merchant.
Turbo Talk also serves as a secondary product for Yagooft, and is bundled with affiliate membership to the company ($199).
Turbo Talk is essentially a translation software package that has been integrated into the Yagooft opportunity.
The Yagooft Compensation Plan
Yagooft reward affiliates for introducing new advertising merchants to their Global Advertising System and recruiting new affiliates into the company.
Yagooft affiliates who refer merchant partners to the Yagooft coupon network are paid a 40% commission on the “upfront voucher fee” paid by Yagooft members to Yagooft when they purchase a voucher.
Using a unilevel commissions structure, Yagooft pay out residual commissions on merchant commissions down 20 levels.
A unilevel commissions structure places an affiliate at the top with every personally recruited affiliates placed directly under them (level 1). If any level 1 affiliates recruit new members, they are then placed on the original affiliates level 2, and so on and so forth.
Using this commission structure, Yagooft pay out 1% of the earnings on each level of an affiliates unilevel organisation. Note that this is 1% of the merchant commissions earnt by affiliates in the unilevel structure, not recruitment fees.
Yagooft pays affiliates for expanding their business ‘by building a team of advertising affiliates, who will (then) do the exact same thing you did‘.
To pay out their recruitment commissions, Yagooft use a binary compensation structure. A binary structure places an affiliate at the top of the structure, with two legs directly underneath them. These two legs form an affiliate’s left and right teams.
In turn, these two legs have two legs underneath and so on and so forth down theoretically infinite levels.
In order to qualify for recruitment commissions, a Yagooft member must recruit at least two new paid affiliates, both of which are placed directly under them and form the start of the affiliate’s left and right teams.
Once qualified, an affiliate is then paid a commission each time new members are recruited, using a ratio of 1:2. A 1:2 ratio means that 2 sales from one team are counted against 1 sale from the other team, with each new sale only being able to be counted once for commissions purposes.
Eg. On day 1 your left team makes 3 sales and your right team 1. This qualifies you for one commission, with 1 sale remaining on your left team.
If the next day your right team made 2 sales and your left team none, you’d again qualify for another commission and be left with 0 sales outstanding on either side.
Each time a 2:1 ratio of sales is counted for commissions purposes, Yagooft pay out affiliates $25.
For every seven of these 2:1 ratio groups counted (21 new members recruited in total), Yagooft also pay out affiliates a $50 bonus. Recruitment commissions in Yagooft are globally capped at $25,000 a week per affiliate.
Finally, affiliates who earn $10,000 in any one week are also given the chance to “recruit themselves” and place a new membership position within their existing binary structure (at the top of their left or right teams).
This in effect means that going forward, they “double dip” on overlap between the two binary structures.
Membership to Yagooft, however those wishing to participate in the compensation plan and business opportunity must pay $199 a year plus a $25 admin fee.
The concept of a voucher network and MLM is nothing new and entering an already saturated niche (non-MLM and MLM companies in daily deals compete for the same merchants), most MLM daily deal opportunities struggle to gain any real traction.
Thus far I’ve yet to see one take off with most either failing in their first year or doing little else other than scrape through.
Looking to differentiate themselves, Yagooft are adding the Turbo Talk translation software into the mix. From a daily deal voucher perspective, I’m not really sure what the aim is here.
Practically I can see that it would allow affiliates and merchants who speak different languages to connect, but I can’t help but ask why they’d be connecting (for the purposes of marketing Yagooft) in the first place.
Part of Turbo Talk sounds like a social network, allowing existing merchants and affiliates of Yagooft to interact in their own native language with one another but that is self-contained.
Useful maybe but not really what I’d call a marketing addition to the daily deal site itself, which is where the revenue is being generated.
In any case, rather than deal with someone through translation software, I’m sure it makes far more sense for merchants to deal with a local affiliate.
Local affiliates are in a much better position to communicate with (no matter how good Turbo Talk is) and would ideally possess a much greater awareness of the local market and target demographic (remember, it is after all advertising that affiliates are selling).
That said, as far as the daily deals go I don’t see a problem with Yagooft’s voucher network business model. They’re using a standard reverse coupon model meaning they charge customers rather than merchants per voucher purchased by affiliates.
When combined with the recruitment commissions offered however, several red flags emerge.
First and foremost, the cash commissions offered through the binary coupled with the $224 affiliate membership fee pretty much reduce Yagooft to a pyramid scheme.
You join the company, sign up people and then earn commissions on your own recruitment effort and those of your downline.
No doubt some would argue that affiliates are paying for a license for Turbo Talk (indeed Yagooft themselves push this), however nothing separates affiliates from voucher network customers other than handing over $224.
Either members are paying for affiliate membership with which access to Turbo Talk is thrown in, or they’re being forced to purchase a product I imagine most wouldn’t purchase just to participate in the Yagooft income opportunity.
Both of these options are red flags in themselves.
And on the topic of “Turbo Talk enterprise licenses”, for an additional $199 I’m not even sure what affiliates are paying for over the standard integration of Turbo Talk into Yagooft’s voucher network and social media components.
The company states merchants will be able to market their vouchers in other languages so I’m not really sure what affiliates are paying an extra $224 for (other than paid affiliate membership to participate in the income opportunity).
As an affiliate, either I can blindly contact merchants that don’t speak my language using Google Translate, or I can pay Yagooft $224 to do the same only with Turbo Talk.
In that sense Turbo Talk as a marketing incentive for a coupon deal network doesn’t really seem to make sense to me.
Getting back to the legitimacy of Turbo Talk as an actual product within the Yagooft compensation plan however, I suppose primarily it depends on whether or not Yagooft offer TurboTalk at a retail level to non-affiliates.
I couldn’t see anything indicating this was to be the case (commissions on the retail sale of Turbo Talk to customers was absense from the Yagooft compensation plan material).
If this is the case then truly the argument that members are buying a Turbo Talk license is a hard one to make.
If the licenses aren’t available at a retail level then affiliates are infact buying into the income opportunity which with attached comes the Turbo Talk software license. Otherwise nothing would separate affiliates from merchant customers.
This in turn means if we ignore the optional merchant side of things Yagooft are indeed operating as a bog standard pyramid scheme.
If the argument that Turbo Talk is infact a product purchase, the fact that it isn’t offered at a retail level becomes a red flag and so too does the requirement to purchase it in order to participate in the Yagooft income opportunity.
Either way you cut it, there are several pressing issues that need to be addressed within the Yagooft opportunity membership wise before the viability of the coupon deal network even comes into play.
A bit of a shame really seeing as the coupon network should be what makes or breaks a coupon directory MLM company, rather than how they choose to structure the affiliate membership side of things.
Yagooft….sounds too much like “You goofed”….
That’s actually how Yagooft market themselves, ‘blahblahblah? Yagooft! blahblahblah? Yagooft again!’
It gets kind of annoying when watching their marketing videos consecutively.
I’ve also read it might be an amalgamation of the company names Yahoo, Google and Microsoft.
All I can dig up is “Wagoti” means “knee” in Swahili. 🙂
Oh, and serial MLMer Ken Russo is apparently involved, as there’s already a krusso.yagooft.com in existence.
Let’s just say Ken Russo has been around the block enough times to wear out the asphalt. He was in just about every shady deal listed here on BehindMLM, including Wealth4All, TVI Express, Zeek, JBP, JSSTripler, Club Asteria…
Basically, if he’s in it, it’s probably shady.
With all due respect, I felt this article was written rather poorly. The author apparently does not understand the Yagooft model very well, unfortunately.
The very significant refinements and model making improvements inherent in Yagooft were sadly not even mentioned, which is kind of suprising to me as the author seems to claim an aptitude for analyzing business models.
For example the fact that the merchant never pays any upfront money, and they make much more money thru Yagooft’s model than any of the other competitor group discount sites out there. Yagooft merchants are paid at ‘point of sale’ rather than over 60 to 90 days, which the author never even mentions.
Also, with the $10 voucher cap…the larger the deal price, the better the merchants do, which is incredibly key and was ommitted as well.
Also all ads are seen in the preferred language of the targeted customer, opening up new customers in the merchants backyard that have been previously untapped.
Yagooft in their first 3 weeks, is in over 100 countries. Top global marketers the world over are recognizing the groundbreaking and solution filled features of Yagoofts model and joining by the thousands.
Global and national Alexa statistics are rushing to the top in just over 3 weeks. And the Advertising Affiliate Turbo Talk licensing fee is currently $100 + a 1 time $25 processing fee. No monthly fees, and no annual fees are charged the Advertising Affiliate in order for them to participate and develop a residual income.
In time this will go to $199 with a 1 time $25 processing fee, but that is NOT now, as the author erroneously states.
Finally the author really misses the point on how the 3 key pieces fit together, especially the Turbo Talk translator, and how together they make the overall model way more powerful as a result.
While its a pretty simple model overall, my guess is that the author simply needs to spend a bit more time reviewing and absorbing this incredible and groundbreaking model. I’ll close by pointing out some blaring article innacuracies, to spur the author along in his quest for the real truth.
** Yagooft in fact never charges the merchant at all. The customer pays Yagooft directly for the voucher, and the customer pays the merchant directly for the product or service at point of sale. The merchant has no upfront money or costs whatsoever.
** No not at all. Yagooft Affiliates don’t buy Vouchers that drive the model, customers do. This is a ridiculous statement, one that raises questions whether the author even listened to the actual company explanations.
** No….wrong. It is currently a one time $100 Licensing fee, with a $25 processing fee. This is clearly stated, if one actually looks.
** Once again, incorrect. There are the additional intro, mrechant and compensation movies available on that page as well, ranging from 4 mins to 15 minutes. Once again clearly there if one actually takes the time to look.
This was clearly mentioned in the review, and debunked given that merchants wind up paying Yagooft out of the price paid for the product by the customer (up to $10).
Both of which are completely irrelevant when analysing Yagooft as a business opportunity. This isn’t a review from a merchants perspective because that side of things isn’t MLM.
Typically Daily Deals sites are hyper localised, as global advertising campaigns tend to not do so well (nobody is going to jump on a plane to redeem a voucher and the international brands already have established advertising channels).
Thus showing vouchers in different languages is merely gimmicky.
Irrelevant to analysis of the business model.
$199 + $25 is the standard price. $99 is just to get the pyramid rolling and is a limited time offer.
When analysing businesses I don’t bother with limited time offers (and other promotions) because they’re well, limited. $199 + $25 is the standard price and reflective of what joining Yagooft costs, unless they make the $99 offer permanent.
I addressed this, and reasoned that there wasn’t much advantage to offering coupons in different languages, or having affiliates talk to merchants in their non-native toungue.
Adding a translator to Daily Deals isn’t groundbreaking in that it doesn’t really change the business model (reverse charge coupons).
Other MLM companies have previously launched charging the customer rather than vendor so that’s not groundbreaking either. As a sidenote, none of them to date have really taken off.
This money comes off the price paid for the end product from the merchant, so in fact it is the merchant who ultimately absorbs the cost.
Given that affiliates can buy vouchers, there’s nothing wrong with the statement. Or are you going to suggest Yagooft affiliates cannot buy vouchers?
Not on the page itself but they are linked to. In any case you seem to have missed the point, the page is titled ‘Welcome from Yagooft Owner’ but contains no information pertaining to ownership of Yagooft.
Given that you seem relatively knowledgeable about the business, care to fill us in? Or is that hush hush unless the business takes off?
Thanks for the chance to banter about the Yagooft model Oz. I also appreciate you posting my comments.
I admit to being a fan of yagooft’s model, and from reading your response I now understand that your coming at it more from the opportunity side.
While I can see your point that the Yagooft voucher fee does come out of the original retail value, the fact still remains that merchants pay no up front money, and the customer indeed pays the initial, smaller voucher amount directly to Yagooft, bypassing the merchant to Yagooft transaction completely.
If I may, to me the main reason why Yagooft is really taking off and exciting merchants all around the world is mainly because so much more of the ‘deal’ goes back to the merchant at ‘point of sale’, rather than over 60 days.
For example, if Groupon generally pays out to their merchant 25% over 60 days….the Yagooft merchant receives considerably more: a low of 37.5%, and can be 49% or higher. (on larger $1,000 deals (@ 50% discount ….that is 49%, or 98% of the deal/transacted amount… @ ‘Point of Sale’).
Merchants love it because they get way more of the deal. Especially when many merchant costs are in the 30% to 40% range. Additionally, merchants get a free website, free hosting, and free targeted ads in the preferred language of their customer.
I think your underestimating the impact and appeal of removing language barriers for the both the merchant and member. Yagooft makes their site fun, engaging and profitable for the customer. For the merchant Yagooft offers a free, effective, and more profitable multilingual advertising platform.
The world certainly loves Yagoofts model from the first month’s response. The growth has been incredible which can be verified by Alexa reports.
You did make a good point Oz on the retail offering side…. the answer is there will also be a retail offering of the Turbo Talk license to the Yagooft member. This offer will be more detailed as Yagooft gets closer to its Jan 2013 advertising platform launch for the Merchant and Member.
And you are right….Affiliates can certainly use vouchers as well….my point was simply that the vast majority of vouchers should be utilized by the Yagooft member, and I thank you for the chance at the clarification.
Your correct, it will be $199 + a $25 processing fee down the road, though it currently is $100 and $25 now. Yagooft will likely keep it at $100 + a $25 processing fee until January 2013, that would be my guess at this point.
Lastly, from a opportunity perspective, I can tell you why many really like what Yagooft has put together. First, its incredibly, rediculously easy to qualify. No almost impossible hoops to jump thru.
Secondly, the larger leg does not flush on the 2 Team Affiliate program. Third, it is just the upfront $100 or $199 (+ $25 processing fee), for the Advertising Affiliate to participate, no monthly, annual or continuing website/back office fees.
Yagooft will make money on saving people money on things they want or need, not on some mandatory, burdensome autoship fee that most everyone hates. In my opinion, these are the actions of a good and fair company that wants to create a win-win model for all.
Yagooft will pay out over 60% to the field in a very straightforward manner. I think people absolutely appreciate that. I believe that management really wants to create a model where the vast majority of people can and do succeed. Please give them a chance.
I know enough to confidently say that Yagooft is definately one of the good eggs out there. I think as this model unfolds you and your readers will see and understand this. Keep in mind Yagooft has not charged any Affilaite anything as of yet.
Good points tho Oz….keep em coming….I appreciate your feedback.
That’s a whole lotta “wait and see” talk right there.
That’s pretty much it, effectively it still costs the merchant.
I doubt it. Merchants selling to customers they can’t communicate with is a nightmare if anything goes wrong. Yes they might be able to communicate via Yagooft (although the effectiveness of TurboTalk can’t be currently guaged), but if things take off it’s going to get complicated.
Most merchants if looking to expand internationall will only do by launching an office where they wish to expand or with support sytems able to communicate with the market their entering.
Yagooft doesn’t quite address that (it fails for anything outside of the site itself).
So right here, right now Yagooft are running a pyramid scheme with no retail offering.
So who is running things then and why is the information not openly disclosed on the Yagooft website?
Experience has taught me not to analyse the here and now and disregard any future promises. In MLM, more often than not they never happen.
More importantly though, future promises don’t negate current scenarios.
Now Oz….let me ask you honestly….can you run a pyramid scheme without actually charging anyone, which Yagooft has not done yet?
Judging by the intense global interest and adoption rate of Yagooft’s model this last month, the world is strongly disagreeing with you OZ. While I think your missing the point of the inherent power of this model…. thats ok.
You’ll most likely get it in time. Hang in there…not everyone can see it right off. Best of luck with your continued analysis
So it’s a pyramid scheme in pre-launch.
Most of the early joiners are the people constantly join one scheme after another. Go look up Ken Russo (aka DrDave) and see for yourself.
Besides, what does popularity have to do with is it any good? Smoking is popular yes? Is it good for you? No.
Does it or does it not cost money to become a Yagooft affiliate?
Does Yagooft or do they not pay out commissions upon the recruitment of new affiliates?
Yagooft are not the first to MLM company to launch with a reverse coupon charge platform (charging customers instead of merchants). The companies that have launched before it with this platform have thus far failed to take off and/or have any sizeable impact on the industry.
Meanwhile the ‘you just don’t understand us’ line is lame and straight out of the scamming 101 handbook.
I received the following via email, but haven’t been able to verfiy the information so consider it unverified at this point:
If true, it would suggest the reason for the secrecy behind who is running Yagooft.
There is a massive worldwide momentum building on Yagooft because it is free to sign up. On launch, a great numer of people will cough up the cash if only for fear of loss.
Money will be made by the founders. But where are the details of company ownership and especially how they plan to be legally compliant in so many countries?
If you compare with Lyoness (which I do not favour because of the heavy pitch to invest thousands to buy positions and ranks) at least they take the time to try to be legal in countries where they operate.
This Yagooft thing is the classic risk/reward gamble. The players know that money will be made fast. Everyone else is on their own.
I think as in the case of another well documented scam here (wazzub) they are giving the impression of mass hysteria and huge signup rates.
in certain statements i found on apsense.com they (Yagooft) claimed they signed over 466,000 in a 16 month period prior to pre-launch while there was no advertising and certainly no obvious marketing happening.
the ads then went on to say that those signing up now for free would be able to leapfrog those 466k members to take up lead positions in yagooft, this certainly does not sound either right or logical
The first thing that struck me is that there is no way to see if their wonderful translator works as well as implied in the video. In fact, there is no sign even a working website !
The recruitment page and videos are working fine (looks like they put some time into that), but I wonder if they even have a real translator or the rest of it- there is now way to tell.
As the song by Rush says: “Show me don’t tell me.”
The second thing that struck me was that even if a great translator existed it would be useless. What happen if you get the person to come into your business ? If Mexican (for example) where to come in to buy what you are selling and you do not have a Spanish speaker on staff then all this stuff did you no good.
And to top that, we rally don’t know who these people are ?
Give me a break !
Pointless as it is unverifiable.
Information about the company founders and leaders can be found here:
I have evaluated several translators, and most are in the $100.00 range with only a dozen or so languages, so yes, seeing is beleiving when it comes to any product before purchase.
Given there is no cost to learn more, why not, you never know until you know, it could be the best translator in the world.
As to the question about it not being as useful or in demand for most merchants, guess you have not been in a region where multiple languages are used.
We all know how huge the Latino market is, Chinese, VietNamese are in many areas, so I think it is far more valuable to these merchants than first may meet the eye having spoken to many.
Coupons are usually in only one language, English, a few in Spanish, but nothing else, so who knows, seems to me it will be a huge incentive for merchants and non English speaking consumers.
One thing that remains constant in a severe recession, coupon use is up big time as everyone is looking to save money.
Being able to format coupons in a non English format is what got my interest.
No one produces a translation coupon other than going to custom printer with translation in hand. With so many non English speaking consumers and businesses in America, could be a good niche to plug.
I know in my business it will be of value since I do deal with multi-language clients, and it is never easy to communicate with some who cannot explain exactly what they need or want.
With an increase in immigrants in recent years, one world, one language is a niche yet to be plugged.
Will Yagooft fill void, who knows, but for free I will watch for release of TurboTalk so I can evaluate the value or not in this new translation technology.
Having 50 languages is more than double of all the other similar products on market for initial $100.00 cost.
Negative attitude equates to negative result. I like the business concept of Yagooft! Not to mention the name has controversial ring to it! I’m a believer that’s all folks 🙂
Ummn, no, Kelly, no it doesn’t.
Any more than positive thinking equates to positive results.
Interesting concept, but has no basis in reality.
It may equate in SOME cases, even in the greater majority of cases, but it definitely doesn’t apply in anywhere near ALL, cases.
In fact, “positive thinking” without balance is merely dreaming.
You can be as positive as you like or as “not negative” as you like, but, if Yagooft allows pay-to-play endless chain recruiting to exist in it’s business model, it is what it is, a pyramid scheme.
You believe too much of that “attraction marketing” thing, i.e. “If I think positive positive things will happen to me.” It’s called “wishful thinking”, and as the cliche goes, “If wishes were horses…”
Better to deal with reality first, then once you are *sure* you have a good chance, THEN use positive thinking.
Else, you’re just gambling, i.e. “I have a good feeling about this hand.”
People thinking they where going to die in a car crash has never been listed as a cause of death. In fact, how many time have I heard that line, or one like it.
Otherwise, so many guys who are so _sure_ they are going to get “lucky” at a nightclub or bar would not go home alone at the end of the night.
I don’t profess to be an expert in the mlm industry, however, I am an expert in advertising and customer acquisition. I have been in the professional advertising arena for over 15 years.
I have managed several sales teams and trained over 400 sales agents. Many of who have advanced into management positions within the company – which by the way is a Fortune 50 corporation. I have to say that if Yagooft pulls off what they claim they will pull off, it’s a potential goldmine.
Business owners that I speak with daily always ask if they can get my product offer for free, or if they can try it out first and then pay, but wind up signing a contract with me paying 1,000s of dollars annually.
Bottom line they ALL want customers and are on a constant search to reach a wide audience in the most cost effective way possible.
Reasons why I feel the Yagooft system is something to take a chance on:
1. Merchants always want my product offering and are willing to pay, however, don’t want to pay up front. With Yagooft I can finally say “yes” I can get paid later.
Who cares if Yagooft’s cut is up to $10 a voucher. What merchant do you know that sells their product or service at “cost”? What are they loosing by allowing Yagooft to take a few bucks off the top.
Any merchant worth their weight in gold takes credit cards. Ever look at the the fees the credit card companies charge?
2. Groupon began by selling a pizza coupon, but look at them now. Groupon is addictive to people. I know, because I’ve purchased plenty of them.
In addition, my company used to offer a Groupon type product and there were a TON of merchants that wanted to participate that we had to turn down because we had to have a particular profit potential in the item. If it didn’t match up, we couldn’t offer the program to them.
We no longer offer this type of service, however, I KNOW first hand the revenue potential, and looking back at some of the Groupon offers I have purchased in the past, man I wish I could have received some of that Groupon money.
Some of those coupons were in the 1,000s – for ONE offer folks. Even if my cut was just 2 bucks, that would have been $2,000 in my pocket for one offer. How much do you have to sell of your particular product to PROFIT 2 GRAND?
I have merchants on a LIST right now “LOCALLY” interested in signing up if and/or when they open their doors in January. Believe me, having firsthand knowledge of how this industry works and knowing how challenging it is for business owners to market their product/service, it was a no-brainer.
3. This program is appealing to EVERYONE. There is a social network element to this, that I may have missed, but don’t think anyone mentioned.
My close friends are interested communicating with people in other countries instantly with Turbo Talk. In my religious organization we have members all over the WORLD and we often sign up to learn other languages because we have members in our neighborhoods that speak different languages and it’s challenging.
To know general members can sign up for FREE and are incented to invite their friends to sign up knowing that they will receive a 50% discount on a voucher of their choice just by sending out 10 invites to people is another winning feature.
Yagooft merchants will have a non-stop funnel of new people to present their offers to.
I’m marketing the affiliate opportunity to anyone and everyone who UNDERSTANDS sales and/or marketing, because based on some of the previous comments against Yagooft, I now see the average person won’t instantly understand the REAL potential of this until it launches.
Besides most people with previous experience in sales/marketing that have the desire to get into business for themselves are turned off by traditional mlms that require a monthly autoship or monthly investments to maintain an active position.
With this you are owning your own Yagooft franchise, and the potential is worth the investment for ME. Besides a person can enroll as an affiliate and earn just by signing up merchants if they are turned off by signing up other affiliates. It’s your choice if you want to build a team AND market to merchants.
I’m doing both, but that’s MY choice.
I don’t know about you, but I’ve seen several companies fail that had good intentions. Running a business is a risk, and if you aren’t willing to take a risk to get in the game, you can’t play. No matter what your vehicle of choice is take a risk.
With the ONE TIME investment, it’s worth the gamble for ME.
Take care and wishing you ALL success in what you do.
Well I have to say after reading all these comments the only one that has made any sense is Nattitude, thank you for that.
I have to agree with you, EVERY business no matter what has the risk of failing doesn’t stop people trying. I have had a few of both and they all have the same potential all depends how much effort you want to put it?
Again no other money committment is hugely attractive to most and NO stock! Believe me we all (MLM’s) have that in our cupboards etc. I also know the cost of those coupons that are advertised on email etc, Ouffer, Living Social etc as I have bought quite a few, the merchant pays approx 50% of the offer? Not much there for them eh?
Look start for FREE and chat to people you’ll see the potential before you spend a cent? I know retailers are really hurting and advertising costs is killing them? Ask them and see what they say?
Remember Google and FaceBook etc were new to the internet one day and many of us just laughed and ignored them? Not doing that now are we? I think $125 isn’t much to spend anyway most people spend more on Lotto and the races than that and NEVER see a return? Give it a crack people whats to lose?
If you make your $125 back you’re in front, get out and do the hard yards for 6 months, it’ll pay off. I, for one, will give it a go. I was in a business previously that never made Aussie shores but I had merchants backed up to the wazoo waiting to advertise and they HAD to pay for that!!!!
Wishing you all the best, my team is on fire:-))))
The problem with Nattitude’s analysis is Groupon is FAILING, not succeeding.
Groupon is down to $2.76 as of a week ago, WAY down from its IPO of $20 only a year ago. Its chief competitor, Living Social, is racking up losses as well. Groupon is diversifying into regular eCommerce, and basically trying NOT to rely upon this coupon business.
In other words, this coupon business ain’t what it cracked up to be.
Furthermore, repeated research shows that 30-40% of merchants who ran Groupon promos will NOT do it again.
And now you want to plow money into a Johnny-come-lately? AND one that charges the BUYERS, not the merchants, for the privilege of getting a discount?
Sure, it’s just a few hundred, it *may* even profit. Treat it like a lottery, sure. However, at least with lottery, you know the exact odds. You know NOTHING of this particular venture.
And that’s not even taking into consideration the pyramid scheme aspect of the comp plan.
Those of you who treat this as a gamble should go to Vegas. You ain’t in a business if you treat income as a gamble.
Three fundamental flaws with this one,
1. A pyramid,
2. A failing coupon model and
3. A charge to buyers
Can the model survive? Don’t think so.
Many of the big pushers are the very ones who have pushed the shady deals in not so recent past. Anyone remember Zeek, Bidify?
Thank you for the very informative blog!!! I am a retired news reporter. If I had a nickel for every time someone approached me to participate in an MLM “opportunity” I’d be a billionaire.
They approach me because I have a “recognizable name”. Basically if a company pitches me for an “opportunity to make money” and there is no W-2, no office with four walls and no health insurance benefits I run as fast as I can!!!
Who has time for this? Retirees? Soccer moms? Housewives? Honestly! It’s a fly by night scheme!!! Another one will pop up in a few months. Who wants to be that person at the party who everyone loaths talking to because that person always has something to “sell”.
There is no “get rich quick”. Look at Warren Buffet, Larry Ellison, Bill Gates and the like. All of them are successful because of family wealth, smart investing and working their way up in a business with four walls.
Successful people concentrate on their career and their family. Companies like Yagooft are like the modern day door to door vacuum salesman. I compare them to a cult. They swoon you into watching a few videos, convincing you that you are getting in on something “big” at the ground level.
For every point you make against the MLM they will have what seems to be a very logical counter point. They say you will make an “extra buck” through getting a few friends to sign up. Then, you can “sit back and watch the money roll in.”
I can’t see myself being a virtual vacuum salesman and jumping on the bandwagon of every new MLM or “opportunity” as they call it. If it’s too good to be true it probably IS!
Wow, Yagooft really has changed the world – NOT !