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EDC Diamond - Scam Or Legitimate Business Opportunity?

By Brian McCoy

Republish: EasyPublish™
Published: 06Jan2008
Word count: 427
Viewed: 254 time(s)

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Have you heard about the program EDC Diamond and are curious about whether it's a scam or not? This article will give you an unbiased look at the company and the opportunity.

The Founders

Founders Craig Garcia & Michael Corcoran launched Easy Daily Cash or EDC in Feb. 2006. EDC Gold was then launched in Nov. 2006.

Products

EDC members generate their income by marketing software and eBooks online. They are the traditional products including web templates, creating websites, article submission, email marketing, using Ebay, WebAudio plus, blog marketing, and affiliate programs.

Cost To Join

There are 3 levels to the program:

A) EDC Gold priced at $997, $49.95 monthly admin fee

B) EDC priced at $297, $39.95 monthly admin fee

C) Your New Fortune priced at $69.95, no monthly fee

EDC Diamond is the newest level to be added to EDC. The cost to join this level is $2497, plus $79.95 per month.

The Compensation Plan

The company has a modified 2-Up pay plan. This means that you have to give up (2) sales to your sponsor. This is a problematic compensation plan for an internet newbie because once the sponsor has earned their two pass up sales from the newbie, he/she breaks away from them. What reason would they have to help train you when they are no longer earning any money off of you? It is to their advantage to help their other new signups earn their first 2 sales that they will get paid on, but after that you are on your own.

Conclusion

While EDC Gold and EDC Diamond are not a scam, there are some hindrances to the program. The biggest factor that is problematic is with the EDC comp plan. As stated before, the 2-Up plan is not ideal for forming team synergy. As a sponsor, you want to be able to train someone and then be rewarded for your training efforts. However, after the sponsor earns off of their member's first 2 sales, they break away from the sponsor. There is no longer any reason for the sponsor to train their members.

The other problem is directly related to the first. The biggest factor for many online marketers in achieving success is finding the right mentor to train them. This is the first step to obtaining success with online marketing for the novice marketer. However, when the member breaks away from their sponsor in a 2-up comp plan, the training will almost definitely stop. After that happens, the sponsor is actually in direct competition with the member.

If you are looking to earn a Substantial Income Online, visit Brian's Big Ticket To Wealth website. Brian McCoy is a six figure earner and one of the top income earners in the home business industry. Brian works with entrepreneurs around the world. He devotes the time, energy, and effort into his team and works with them to ensure their success.

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