TV is the home to many advertisements, either in between your favorite shows, or paid programs on late night television these being infomercials. There are many names you will recognize Russ Dalbey is one of those.
Russ Dalbey’s infomercial is basically a business idea dressed up to make you believe that you are about to make a fortune overnight. ‘Winning in the Cash Flow Business’ is that little business that will – if you believe the hype and the people who ‘star’ in the commercial – make you a small fortune… it could be in a matter of days!
I know you are sold on the idea already… but wait!
You need to know a few facts before you jump in feet first and start spending your hard earned cash or adding further debt to your credit card.
Number one – it is going to cost you way more than the infomercial states, so be prepared if you are thinking about it. Actually try a test call to the number and find out by asking a few question. But before you do read on please.
I did write a previous article with regard to Russ Dalbey and his promise of making you rich with the ‘Winning in the Cash Flow Business’ system, also known as Winning-2010.com. But I have been asked by many people in my regular mailbox to give a little more information as to how the system works, and why many believe it all to be one great big scam.
Contrary to belief this money making venture is not a scam by a long stretch of the imagination, the system being advertised is actually all about selling on notes, these are better known as I.O.U.’s.
The business idea is actually a very sound one, but the whole principle of selling you information that you can actually get for free is a little on the scam side for many who have looked into the ‘Winning in the Cash Flow Business’ and maybe have made an investment into the system only to find that the information on how to make money using the note is readily available.
Number two – a quick mention to the great many investors who are extremely clever and professional at note selling who have been doing this for years, and have so many contacts and lead snatching ideas that you are really going to feel like a duck out of water with all the ‘note selling’ competition around.
Notes are generally passed around by banks and investors; one of the big money spinners for these investors is property. First off anybody who is looking to sell on a note will need to find a seller who is looking to make a quick sale of a particular property.
Note: The bit which actually makes the hard cash is the sale of the property (note) to another investor, for a bit of a profit.
How this works is that the seller of the property is approached by an investor, the seller is basically asked what the absolute rock bottom price is they would accept for their said home or business. There will be some negotiating and a contract will be drawn up… basically this is the ‘note’ part in brief.
The investor will then go away having got the note and turned it into an I.O.U. in respect of the seller, this note is then branded about the various other investors in the market for property at a marked up figure.
Once a willing buyer is found the note is then sold on with a contract of sale, the original seller of the property will get what they asked for and the note seller will get a small or large profit, depending on the mark up value.
Basically this is how you would make money using the ‘Winning in the Cash Flow Business’ system, note selling can be applied to almost anything that has an investment value and a market interest.
There are many factors that depend on selling a note, and some of these factors will also affect the value of a note or notes, these are:
• Credit Worthiness of the note holder(s)
• Market value of the note.
• How long a particular note has been circulating, the older a note the less value it will tend to hold. A brand new note on the other hand could be questioned on how much it is actually worth… yes it is confusing!
• Market Interest
• If a quick turnaround is possible, this usually will lead to a lot of competition for the note. One slight problem with this is that the banks and their investors usually have wind of this before you will ever know about it unless you have a real keen eye and plenty of contacts yourself.
• Note to Loan Value, interest on loans and terms of payment. This may apply to an investor who may be a landlord for example looking to invest in further properties.
• Competition – If you do a bit of research you are going to find a lot of professional investors out there, be wary of lead snatching and some very rough business tactics – you are going to need to be shrewd.
• The ethical nature of generating your notes – this means how you approach a person in need of selling their note. It isn’t uncommon these days to find people desperate to offload property rather than get foreclosed. But do you have the stomach to offer a lower than market value price for a note, and in turn make possibly a lot of money in any forthcoming deal with another investor?
In short note selling is not a scam, but buying information on the note selling system that is available online for free if you look hard enough, is definitely a little bit bogus. And yes you could say that false promises and overly hyped products can be part of a scam type scenario!
Why would you pay for information that is freely available? Of course you wouldn’t would you?
The infomercial seems to play up to people who are in need of money, but it would be much better if the infomercial clearly stated that the Winning in the Cash Flow Business program needs a level of investment from the person about to use it.
Now the making money in day’s part…
Unless you are an awesome sales person and have a note holder/seller who is absolutely desperate for cash then you are not going to make money in a matter of days. There are things to consider such as contracts, negotiating, legal matters, paper work and so on.
If you have an amazing team behind you, then it may be possible to make money selling notes in a matter of about 5-10 days. But this is quite rare in reality and it is mainly big corporations and very rich people who are able to turn a note in days.
There are so many aspects to selling these notes, yes Russ Dalbey can present it all in a nice shiny package and get his sales team to bombard your phone with calls trying to sell you a marketing course for a few thousand dollars.
You will also note that the amazing price of the CD offered on the commercial may reflect a fantastic business opportunity on paper and hyped up on a fantastic infomercial… but it certainly is not going to give you anywhere near enough information on the in’s and outs of note selling.
Russ Dalbey’s ‘Winning in the Cash Flow Business’ is not a scam in principle but a very clever marketing ploy, the infomercial is full of over exaggerations, limited on info and over hyped promises.
The CD and book on offer is basically another marketing tool to hopefully whet your appetite for more, and get you to splash more money into the Winning-2010.com system.
I hope I have given you enough information in this brief run down to get you started for free; good luck if you are going to have a crack at it.
Make sure you dig around as information is readily available, but it will take some time and a lot of hard work and dedication to make money selling notes.