Perfect Wealth Formula; Good for Few, Waste for Many

Perfect Wealth Formula is a scheme wherein you make money through referrals. Once you enroll with Perfect Wealth Formula, you get access to several tools and strategies in the form of software and e-books that help in generating revenue through online sales and businesses. These strategies keep pace with the evolving trends in Internet marketing to help you sustain a healthy income from your online business. However, aside from helping your online business, Perfect Wealth Formula itself opens up a revenue earning opportunity through a 2-tier affiliate scheme - every new member who subscribes to the scheme through you generates revenue for you.

In my opinion, critics have rightly called this a pyramid scheme where your affiliates bring in revenue for you. Although such schemes bring in money for some, they do not work well for the majority - this is my experience from being in another pyramid scheme called Quixtar. Quixtar sells all kinds of consumer items like laundry detergents, cosmetics and health and fitness products. Many of their products are exclusively sold through their multi-level marketing scheme. They also provide member points and discounts for shopping with their affiliates, using their credit card, etc.

The first thing expected of a new member is to relinquish other products and adopt Quixtar products for you consumption. You are then required to attend business meetings to understand how to grow the business. Quixtar also markets tools like audio/video tapes and books to teach you to become a successful business-person just like Perfect Wealth Formula. Once you understand the business plan, you talk to people and enroll them if they are interested. They bring in more people. That is how your affiliate tree grows.

Depending on the volume of sales you generate, you receive a certain percentage of your sales as an income. More the number of people you refer, greater your sales volume - your commission depends both on the width and depth of your affiliate-tree. Their products are of very good quality but over-priced. As your business volume grows and your sales revenue kicks in, they become discounted relative to equivalent products in the market.

In 2003 when I started with Quixtar, the sign-up cost was around $250 for a year. Those who referred me into the business did not explicitly spell out that I should expect to spend on the business meetings and education materials - these would run up to $700-$1000 a year. So initial upfront costs were more than I expected. Over time I referred 4 people into the business. They brought in more affiliates. Some stayed, some quit. The real work lies in holding the group together, keeping the enthusiasm alive and motivating your affiliates to grow their business. This is a lot of talking, meeting and traveling. So it is not a passive income as many pyramid schemes claim - you cannot sit idle after you have brought in affiliates. I found it very demanding in terms of expenses, time and effort to grow my income with Quixtar. So I quit after a couple of years.

Many others had steady 6-figure incomes from Quixtar and they worked as much as one does in a day job. It works well for those who prioritize it over everything else. It is not an option for a passive/part-time revenue. Although Perfect Wealth Formula is modelled as an entirely online scheme, is not very different from Quixtar in terms of efforts required to find affiliates and maintain a steady/growing income stream.