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Epic Wealth Systems |
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"Can You Actually Get People To Give You Money For Nothing?" |
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Epic Wealth Systems was founded in July 2008 by Leo De Leon and Mike Leininger the system claims make the Cash Leveraging or Cash Gifting Programs Fully Automated. |
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Update: On 20 February 2009, I was contacted by Leo de Leon who had reviewed this site and cited a few inaccuracies and informed me of updates to the Epic Wealth System (actually he blasted me a bit for having some inaccurate info). So, everything is now updated as of this date..read on :) |
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What Is Cash Gifting And Is It Legal?
Cash gifting is an Internet business system where you entice people to send you money in varying amounts where no product or service or anything for that matter of value is received. In turn once you have "gifted" their sponsor, you are now eligible to receive "gifts". Usually you have to pass the first gift you receive up to your sponsor.
Epic Wealth System and similar systems Such as Abundant Living are not considered a pyramid or Ponzi Scheme being as it is not the person at the top who gets the majority of the cash.
In the United States, for now cash gifting is legal. You can receive gifts from one person up to $12,000. This may change at some point as these Cash Gifting Business arise.
What Does It Cost?
Levels of participation are (US dollars) and range from $500 to $15,000. The more you gift to your sponsor, the more you are eligible to receive through your mentor.
In addition to your initial "gift" to your sponsor, a yearly fee of $97 bucks and a $33 dollar per month website fee are mandatory (this takes care of your website auto responder ect).
Epic Wealth Systems had a Co-op for advertising however that has been taken out of the system. I'm not a fan of Co-op's and wasted a bunch of money on them in the past, so this I believe is a good thing.
Last, If your are looking to have an Epic Wealth Professional Sales Associate close your deals for you, that will be an additional $175 per month, giving a grand total of about $208/ month give or take.
From the testimonials I have reviewed the common "gift" was $250 (now the minimum gift is $500 and I don't have any info on that as of yet). The break down on commission is 80/20. 80% to you 20% to your sponsor.
So, on a $500 gift, you get $400 bucks. Take out your monthly fees and you have 180 bucks. Not bad but there is a catch and it's the advertising.
Now, if you know anything about Internet marketing, it takes anywhere from $150-$250 to get most sales. If the average gift you receive is $500 you may make a few bucks a month, but that's about it (my opinion of course).
My Conclusion
Stay away from any gifting programs, find something to market with value and a much better ROI (return on investment). Being as cash gifting is not a business you can't even deduct your expenses from your taxes. I don't bash too many programs, but just remember, there is no such thing as Money for nothing and odds are Epic Wealth Systems will cost you money in the long run.
If you would like to take a look at how I make my money online, simply Click Here and I'll show you a system that is nearly flawless.
I Assure You, It is not a Scam or does it having anything to do with Cash Gifting or Epic Wealth Systems. |
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