tag:blogger.com,1999:blog-834630335086463540.post7054683100787610202..comments2021-11-21T12:10:41.503+02:00Comments on Have Your Say On Timeshare SA!: BRUCE CAMERON OF PERSONAL FINANCE TAKES A CLOSE LOOK AT THE BUSINESS CLUB AND MULTI LEVEL MARKETING TIMESHARECrusaderhttp://www.blogger.com/profile/00545423498442364416noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-834630335086463540.post-2810112634453026402007-08-28T12:06:00.001+02:002007-08-28T12:06:00.001+02:00Who will save us? We need more sites like this!!!...Who will save us? We need more sites like this!!! ThganksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-834630335086463540.post-58747996500362854892007-08-28T12:06:00.000+02:002007-08-28T12:06:00.000+02:00Who will save us? We need more sites like this!!!...Who will save us? We need more sites like this!!! ThganksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-834630335086463540.post-68588580065205542642007-06-01T22:52:00.000+02:002007-06-01T22:52:00.000+02:00Mr Cameron pleez expose these crooks and save usMr Cameron pleez expose these crooks and save usAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-834630335086463540.post-27014259499007168332007-05-16T18:54:00.000+02:002007-05-16T18:54:00.000+02:00Just a packground to illustrate why The Business C...Just a packground to illustrate why The Business Club came in to being and why it is so important to The Holiday Club.<BR/><BR/>The Holiday Club does not market itself - it uses outside broker firms such as Equitec to market its product. For this it pays Equitec handsomely (a minimum of 65% of your initial price goes to the broker firm). The balance of 35% goes to procure stock (developments and bulk timeshare week purchases) and admin costs. The reason why the re-sale value of points is so low is due to this high commision paid upfront to the broker firm. The broker firm in turn has to use their 65% of the purchase price to cover their admin costs, commissions and very high marketing costs. The biggest killer for them is their marketing costs - if they use a telemarketing team it can cost them in the region of R200,000 in phone costs alone per month. Couple this with the prohibitively high cost of plush office and presentation venue rentals, roaming team costs (accomodation, vehicle, venue's & fuel) and you'll find that the 65% is eaten up rather quickly. The broker firms charge an initial deposit when you invest (which goes directly to their marketing costs) which is normally between 20& to 50%. The balance of their 65% is paid out to them in instalments as and when you pay your instalments for the balance of your purchase price directly to The Holiday Club (this is where The Holiday Club makes its money charging excessively high interest rates). The broker firms were continually forcing The Holiday Club to increase the price of the points to cover their rising costs. The problem with this was that The Holiday Club were going to come face to face with a ceiling which would cause them to price themselves out of the market. They had to find a cheaper, alternative method of marketing. Enter Mr Bruce Manson of Light House Marketing who presented to The Holiday Club his model of multi-level marketing timeshare (which he calls single line marketing) which has little if no marketing costs. The only costs involved would be the down-line commission (coupled with the odd admin and venue hire cost). You can guess what happened! The market needed an alternative to the tired old telemarketer harassing you half-way through your well deserved dinner in the evening. And what better than to get your neighbour to convince you to attend a 'mind blowing, life changing business model'. So this was the real reason for the birth of The Business Club - ITS AN ALTERNATVE (and a very much cheaper alternative) TO THE CONVENTIONAL METHOD OF TIMESHARE MARKETING. When you join The Business Club you have been suckered into buying timeshare and you are now encouraged to sucker your friends, family and colleagues to follow suit. You become the Pied-piper blowing on your whistle tales of how to retire rich, retire young! <BR/>Has it worked? Friends tell me that you have to book weeks ahead to attend a presentation in Gauteng. So obviously it will work for those who get in early (2 years ago) and quick (to sucker as many of your loved ones as soon as possible to ensure you get some money out). Like all the schemes before this, I predict that The Business Club will be like a house of cards in 5 years time, leaving many undried tears, broken friendships and empty bank accounts. The Holiday Club will issue loud protestations that The Business Club were only using their product and that they had nothing to do with it. Bruce Manson will be safely in Australia (where he already has relocated) counting his millions. And the rest of us will only be richer waiting like a ship of fools for the next current to blow in the path of another unfailing-get-rich-scheme.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-834630335086463540.post-41160648069247901142007-05-16T18:13:00.000+02:002007-05-16T18:13:00.000+02:00A nice article - I am a regular reader of Personal...A nice article - I am a regular reader of Personal Finance but I unfortunately missed this edition. Thanks for showcasing it. Nice web site - keep up the good work.Anonymousnoreply@blogger.com