WorldVentures was featured as the cover story in Success: From Home magazine in the July, 2010 edition. The article claims this company is on a mission to set you free financially and help you live the life you’ve always wanted. The company is based out of Dallas and was co-founded December of 2005 by Wayne Nugent and Mike Azcue.
As with any opportunity that touts the ability to show you the way to financial freedom, the first thing the reader wants to know is whether this is a legitimate business or just another scam.
Product:
The company’s products include Dream Trips Memberships, Luxury Dream Trips Memberships, Leisure Travel Consultant or a combination. The main product is a Dream Trips membership.
Organizational Structure:
WorldVentures is a network marketing company. The company’s growth is driven by its Independent Representatives. Independent Representatives are rewarded for (1) successfully selling WorldVentures travel products and (2) successfully building sales organizations by recruiting, training, and motivating others to do the same. The company calls its structure a lineage organization. According to the company literature, if a representative personally sponsored seven representatives, then he/she has seven different lines (sometimes called “legs”) of lineage.
Compensation Plan:
WorldVentures offers a binary compensation plan. Each representative has two “legs” – a left leg and a right leg. The representative places new recruits in one leg or the other, with the goal of balancing the two. Each new representative has two legs as well, and so on down the line. The binary structure is quite typical in network marketing companies.
The Company requires representatives to purchase a Representative Business System (RBS) for $99.95 and then $9.95/month moving forward. No commissions are paid out for recruiting new Representatives and purchase of the RBS.
Representatives are required to maintain an “active” status in order to be eligible to earn sales credits, commissions and bonuses. To remain “active,” a representative must do the following:
1) Pay the monthly RBS Fee, and EITHER;
2) Make one new sale of a retail product: (i.e., the DreamTrips Membership, the Luxury DreamTrips Membership, the Leisure Travel Consultant (“LTC”) Package or a combination, to a retail customer or a customer who is also a representative every month. A representative’s active status is determined on the monthly anniversary date of his/her enrollment; OR;
3) Make a Personal Purchase of a Retail Product and remain current on monthly billing.
If a representative is active, he/she begins to earn sales credits toward commissions and bonuses.
If, however, a representative remains inactive for more than four weekly pay periods, his/her sales volume is forfeited. If a representative is inactive for more than twelve consecutive weekly pay periods, that representative’s Agreement shall be terminated and he/she is reclassified as a Preferred Customer.
Conclusion:
Based upon my review, WorldVentures is a legitimate business and not a scam. I would, however, read the agreement and the compensation plan very carefully. If you believe you will be able to sell a product every single month and you are willing to work very aggressively, this may be a rewarding business. As with any networking marketing organization, it takes a good two or three years of very diligent effort to build up an organization that throws off any substantial residual income.
I personally chose to become involved with a company that offers high up-front commissions, creating an opportunity for faster growth. To read more about the one I chose, you can click on one of the links below.
Lori Somekh is an attorney and a business owner. She resides in New York and helps women transition into online business ownership. http://FastProfitWeb.com.
