Ron Medlin Reviews the Global Resorts Network
Global Resorts Network was not initially on our list of featured home business opportunities. At first glance it did not appear that it would meet our criteria of having the potential to earn a multiple six figure income within one year due to the fact that it offers only one product with the ability to earn only $1,000 of profit per sale. After receiving numerous requests we conducted a review and found that the product combined with a powerful compensation plan did meet our criteria.
Global Resorts Network is very unique in the home business industry. Although Global Resorts Network is a travel business which in itself is not unique in home based businesses, its origin is unique. The product is a membership that has been sold for 20 years directly to the customers who attend a personal sales presentation. But now this product is being sold online via a network marketing company.
The product is a Global Resorts Network membership that enables the members to book week long vacations, at timeshares and resorts around the world, at huge discount rates. This is a membership product with a twenty-year track record, but the question still remains as to whether or not the quality of the product will diminish as the ever increasing number of users
Global Resorts Network offers only one product: a discount luxury travel membership. Membership can be purchased on two different levels. The gold membership is a three year membership and the platinum membership is a lifetime membership.
The membership is actually with Gold Crown Resort and has been available for many years. Gold Crown Resort purchases excess inventory from timeshares and resorts around the world. Membership allows one the access to book one week vacations on an availability basis. The week long vacations range in price from $299 to a maximum of $799.
Gold membership is $1495 and Platinum is $2995.
This is a great product for anyone who travels. The easiest comparison is to timeshares. A timeshare requires an initial purchase usually more than the price of the membership available with Global Resorts Network. A timeshare also requires an annual maintenance fee and usually allows you only one visit per year.
With a Global Resorts Network membership you are not limited in the number of weeks per year. The price per week is generally less than the annual maintenance fees associated with a timeshare.
The Gold Crown Resort membership that has been available in the past was definitely a five star product. But since this is a membership based product, the value of the membership could very well decrease with the number of members. In the past members have enjoyed a very large inventory with exceptional service.
By shifting their sales to network marketing with Global Resorts Network, the number of members dramatically increases and therefore the available inventory decreases.
The second reason that this is not a five star product for a home based business is that discount travel is a very highly competitive market, there are numerous large internet companies that offer very competitive travel deals, that one can customize to their specific needs. So the individual selling discount travel via a home based business cannot compete profitably with the big boys.
There are three different marketing systems available for Global Resorts Network. Each of them provides the necessary tools to market the opportunity effectively.
Each contain a marketing site, information pages, contact management and auto-responders.
Currently there are three approved marketing systems for Global Resorts Network. All of them are good systems for marketing.
Two of these are the standard type of marketing systems and the third is the Reverse Funnel System. The RFS is a funded proposal system, which simply means that people must pay to get the information.
The reverse funnel system was the catalyst that launched
Global Resorts Network into the realm of the major players in the direct sales home business industry. The reverse funnel system created quite a stir in the industry and many marketers saw this as a way to automate their business.
The initial success of the reverse funnel system with Global Resorts Network quickly spawned the first knock off system Carbon Copy Pro. As you know copies are never as good as the original.
Any one of these systems would probably receive a four star rating, but due to the fact that there are three of them lowers the overall rating. Having three different systems creates competition between each of them, which ultimately results in the marketers trying to lure potential new affiliates away from the other competing systems.
With a product line that is so highly competitive, Global Resorts Network members must rely solely on the business opportunity to attract new customers. The three different systems results in the members competing with each other as well as the other top home based business opportunities so therefore we give the marketing systems a three star rating.
Membership fee: Gold $1495 Platinum $2995
Global Resorts Network site fee $100
Marketing system: Dependent on system chosen from $29.95 to $300 per month.
Advertising costs are not included. It should be noted that with the compensation plan utilized by Global Resorts Network associates do not receive profits on the first sale, so the initial startup costs for advertising prior to receiving income is higher.
Although the startup costs are higher for this opportunity, if you are an individual that will utilize the membership benefits then purchasing the membership should not be considered part of the startup cost.
Global Resorts Network utilizes the Perpetual Leverage Compensation Plan. Basically this is a perpetual one up compensation plan. Your first sale is passed up to your sponsor to activate your first level. After passing up one sale you receive $1000 on each sale and your sponsor or someone in your upline also receives $1000.
For every sale the enroller and their sponsor earns $1000. The perpetual leverage program does provide a passive residual income and should be reviewed on the marketing site in order to understand it fully.
The Perpetual Leverage Compensation plan is the only reason Global Resorts Network made it on our list of companies that can actually deliver a multiple six figure home based business opportunity income. This compensation plan offers a real passive residual income potential. This compensation plan is revolutionizing the home business direct sales industry. Already LifePath Unlimited utilizes a compensation plan derived from this plan and revised for a three tiered product line.
The reason for the lower rating on the compensation plan comes down to the basic business model. With only one product for sale, there is not the ability to earn more from repeat business. As in any business, capitalizing on the existing customer base is essential in capitalizing on the cost of customer acquisition.
About the Author:Ron Medlin
Atlanta, GA
www.GRNWealthMentors.com
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