Lawn Chair Millionaire - Is It A Scam?

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Lawn Chair Millionaire - Is It A Scam? - By: Brian McCoy, Posted on: 2008-01-08

Are you researching Lawn Chair Millionaire and are wondering if it's a legitimate opportunity or a scam? This article will give you an unbiased review of the program

The question that most people have about the Lawn Chair Millionaire program is whether or not they can truly earn a passive income. We'll try to get to the bottom of this question in this article.

The Ploy To Join

Lawn Chair Millionaire launched on Dec. 7, 2007. Upon visiting the website, you are immediately enticed to join the program right away through the fear of loss technique. There is a ticker on the site that displays the moneyline pool that is paid out daily. A lot of people will be drawn into this ploy right away just because they don't want to miss out. Therefore, making their marketing technique successful. The site promises you a certain amount of money and continuously urges you to lock in your position before it's too late. If you happen to not join immediately, but rather opt-in to receive more information, you will be bombarded with obnoxious emails. The emails continue to utilize this "fear of loss" technique by warning you that until you join, you are losing out on commissions.

How It Pays

So how does this pool of money pay out anyway? The truth is that the moneyline pool pays out only on the members that join the same day that you join. This commission is then paid out over the next 3 months. It costs $80 to join the program and if your moneyline commission for joining that day is $80, then you will be paid that over 3 months. The program does pay a $20 fast start bonus and a $15 monthly residual income. Remaining in the program will also cost you a $25 monthly fee. So let's do some figuring. If you remain in the program for 3 months, it will cost you $130 and you will make $80 in return. Does that seem like a wise passive income investment?

The other problem is that you have to have the company's debit card in order to be paid your commissions. This debit card costs $39.99. You are actually having to pay the company to be able to be paid yourself.

Conclusion

While the Lawn Chair Millionaire program is not a scam, it is not going to earn you a substantial online passive income. There are millions of people looking to "get rich quick" online. Unfortunately, to earn a great income online you are going to have to put in some time and work. If you want to work hard, sponsor others, and conduct training, then you could possibly do well with this opportunity. However, if you are not interested in sponsoring others, then it looks like you're going to have to keep looking for that golden opportunity.

Article Source: http://higradesearch.com

If you are looking to earn a Substantial Online Income, visit Brian's Big Ticket To Wealth website. About the Author: Brian McCoy is an industry leading internet marketer and President and CEO of McCoy Marketing Group. His mission is to develop leaders into full time home business entrepreneurs.

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