Passport to Wealth: Home Based Business Review

Passport to Wealth is a popular money-making home based business program. I will give a review of the business to help you make an informed decision whether Passport to Wealth is a program you would like to join or not in order to achieve your financial goals.

1) The Foundation

Passport to Wealth was founded by Darren Gaudry who developed the business plan. It is a “high-ticket” home based business program that is run and marketed primarily online.

2) The Products

Passport to Wealth sells an extensive line of digital marketing software. The products can be downloaded instantly and provide marketing features or information. Marketing features include software tools or programs that allow you to use sound, build web pages, use streaming video, etc. to market the Passport to Wealth business or other products. Informational products include instructional e-books and audios that teach you online marketing strategies.

In addition to the products, each member receives their own duplicated website that has a professional presentation explaining the compensation plan and possibility to make a lot of money.

3) The Compensation Plan and Price

The price to join Passport to Wealth as a business member and receive the products is $997.

However, the compensation plan is based on a 2-Up system. A pass-up program means you “pass” or give away the commission of your sales to your sponsor. Your sponsor is the person you buy or sign-up for Passport to Wealth through.

Each time someone joins this program, the sponsor will make 100% commission of the $997. However, since this is a 2-Up program, you would first pay $997 for yourself to join and then you would give away the commissions from your first two sales to your sponsor. A member becomes qualified to start receiving commissions from their own sales after they have given away their first two.

The Cons of the Compensation plan:

That means you actually are in the hole almost $3,000 before you actually start making any money yourself. About 85% of members who join pass-up programs never make it to their third sale. The reason why so few people make more than two sales is because they freeze or feel overwhelmed as they spend a lot of time, energy and money marketing to get their first sale, only to have to give it away to their sponsor.

When a member gets their first sale and looks back at all the time and effort and money it took, and realize they must go through the whole process again they become very stressed and overwhelmed and usually decide to go another way because it is not worth the time and effort.

This is why the percentage of failure in any pass-up program is very high.

And the member has no money coming back in to put back into paid marketing methods as they continue to build their business. The smart way to build a business is to take a portion of the money you are making from the business and recycle it back into marketing rather than digging into your savings more and more.

Additionally, when someone becomes one of the 15% that does make it to their third sale, the original sponsor no longer will receive any more commissions and now their newly qualified downline member is one of their competitors.

The Pros of the Compensation Plan:

For those who are able to afford going in the hole at least $3,000 before they start making profits, can make a lot of money even if their new downline members fail to make their first one or two sales.

For every 20 members that join the program through a qualified sponsor, 3 will make their first two sales and give those commissions to their sponsor.

4) My Conclusion and Honest Opinion

I essentially endorse “high-ticket” programs because they require a sizable investment but in return provide very lucrative returns. “High-ticket” programs are home based businesses that require a reasonable sized investment.

Alternatives to high-ticket programs include MLM’s or simply selling low-cost products from $10 to $100 or so. But truth be told it is just as hard to sell a $30 product as it is to sell a $997 product or business. When people see the value of what there are buying they are just as willing to spend more as long as they know they will make more.

However, I do not endorse pass-up programs. The reason I do not like pass-up programs is because the failure rate is very high.

In the end, I do endorse “high-ticket” home based businesses that allow you to make money from leveraging other people’s efforts like Passport to Wealth does, but I do not endorse any pass-up programs because the failure rate is so high.

The only people who join Passport to Wealth should be those who are already financially sound and out of debt and are looking for a business that will increase their financial wealth further, and can also accept the fact most people who will later join this same program through you will fail.