When it comes to making money in 2020, you have thousands of ways that you had not available for you just a few years ago. Today, you can do things you could not have imagined in the past. You can now trade from the comfort of your home and invest in any asset of your choice. You can own cryptocurrencies, sell stocks, trade forex currency pairs, and try your skills with commodity trading. While these are some great ways to make money, World Financial Group stands as the odd one out based on the type of services it provides.
It is not your regular broker that provides you with a trading platform to trade many assets in many financial markets. This service is turning its customers into businesses. Yes, if you want to make money through a business, World Financial Group will make it possible for you. However, a lot of bad things have been said about WFG. Many people believe that it is nothing more than a scam. Today, let’s neuercapitalscam explore the offerings from WFG more and find out if this service really is a scam or just gets a band name for its unique services.
World Financial Group – Exploring the Truth
So, before reaching any conclusions or slapping any labels on this service provider, you have to understand what it is all about and what services it offers to people. The idea is pretty simple; WFG will provide you with all the resources you need to start your own financial services business. You can then make money from your financial services businesses and provide services to others so they can find the right financial solutions to their problems. What you are getting from the company is a complete package, not just a subscription.
You will not act like a marketing agent for the company. In fact, you will be a business yourself and then you will provide your services to other clients. You do not even have to tell your customers who you work for. You just make new customers, sell them the financial solutions, and expand your business with time. The best thing is that the platform and dashboard that you need to manage your business will be provided to you by WFG. In addition to that, you will also get a complete marketing package when you sign up. The marketing package will give you access to all the marketing tools so you can spread the word about your business.
Now, when you provide financial services, you have to know which ones you can. First of all, you will be able to provide insurance solutions to those who do not have insurance coverage. You can also help many individuals with their loan needs. The best thing is that you will be able to provide your services not just to individuals but small and medium sized businesses as well. You will also be offering a lot of retirement solutions to young, adults and olds. Of course, you have to provide these services through banks, insurance companies, and other private lenders. They are included in WFG’s network of service providers, so all you have to do is grab new customers.
The Part That Sounds Good
So, when you read the information on the website and look at the surface of things, everything sounds pretty good. A company is ready to provide you with a platform to start your own business. Now, the company is not making any false promises. It is also providing you with all the tools that are necessary to start your own business. In addition to that, you get a complete marketing package that allows you to market your business on the internet. You can have your own email marketing and social media marketing campaigns.
However, you can ask as to how someone can become a businessperson when they do not have any knowledge of finance scam financial solutions and how to manage a business. The reality is, WFG will provide you with all the training necessary for you to start and manage the business. The most important thing is the tool that helps you in offering the solutions. You will have access to those tools through the system. In fact, the system from WFG is even available on your mobile phone, so you can manage your business and entertain your customers on the go and regardless of your location in the world.
WFG also promises that only the best professionals from the industry will be training you on how you will manage your business. Right on the website, you can see that WFG provides you with an exhaustive list of service providers through which you will be offering your customers the financial solutions. So, there is nothing fake about that either. You can’t say that the company is making false promises. In addition to that, the statistics on the website are even more impressive.
So, according to the recent statistics on the website, the company already has more than 42,000 people working as its business expansions. In addition to that, WFG claims that it has already helped more than four million families through its financial services. Now, keep in mind that WFG has not helped these families directly. Instead, the people who joined the WFG platform became its agents, started their own businesses, and offered their services to these families. There are also some impressive percentages that show that WFG’s business has been increasing since the start.
The company also claims that its offices are spread all over the US. In short, there is nothing that does not impress you about this company. Everything seems right, and any person who wishes to start a business will feel confident starting with WFG. If you don’t know how to start, the company will provide you with proper training. If you don’t know how to use the marketing tools, you will get the training and marketing tools from WFG. If you don’t know how to run a business, the business system from WFG will make you an excellent businessman. Is there anything that the company will not help you with?
What’s wrong then? What could be the reason for people to call this amazing business a scam? Read that in the upcoming section.
The Part That Does Not Sound Good
So, all of the above sounds great but you have to ask, “How is WFG going to make money from all this?” That’s where you have started the process of unwinding what seems like a scam. Here, you have to have some basic knowledge of MLM campaigns. MLM stands for multi-level marketing, which is an unethical way of market. In this type of marketing, you act like an agency that hires agents who hire more agents, who then hire even more agents. The idea is that every agent is a company and every time he/she brings in a new agent, he/she makes money from that agent.
So, let’s say you are WFG here. You successfully sell your financial services solutions to a guy named John. Now, when John runs his financial services business, he makes you money every time he sells his services to a new client. In addition to that, John can now offer his services as a business opportunity to more people like just like you offered John your services as a way for him to start his business. Now, let’s say John is able to sell his business solution to another guy named Joe. Now, every time Joe sells financial services to customers, John makes money from those sales in the form of commission, and from the commission John makes from Joe, you get to earn some part.
This is a pure pyramid scheme. When you explore the website in detail, you get to know that pretty straightforwardly. The company has provided you with four different business models. The more you read about those business models, the more you are convinced that WFG is nothing more than an MLM scheme. Think about it; let’s say the scheme created by WFG becomes a success. As a result, more and more people will be starting their own businesses every day. A day will come when everyone will have their own business. Well, who will they be selling their services to then?
That’s where a pyramid scheme collapses and falls face down. That’s the model WFG is working on. Not to mention, you do not find any regulation information on the website to satisfy you that WFG is offering under proper regulation and audits.
The business sounds sensible in the short term. Perhaps, you could offer your services to some people and make money from them. However, when you look at the long-term effect of this business, you realize that it is nothing more than a pyramid scheme, a business model that has failed many times in the past. Based on that, you can say that even if WFG is not a scam, it is very close to being one. It is best that you dedicate your efforts and hard work in something that is completely legal.