Is Global Resorts Product a Scam?
55Is Global Resorts Network Product a Scam?
An MIT and Stanford trained MBA with experiencing helping to invest $250 M for Fortune 500 companies, I do thorough due diligence on business opportunities. To select a direct sales opportunity to represent, I reviewed Global Resorts Network and in the process uncovered several shortcomings about Global Resorts Network product line. Ultimately I chose an alternative direct sales company which is significantly more lucrative, less risky, and which makes a social impact.
Global Resorts Network provides access to discounted pricing on travel vacations (timeshares) in exchange for up-front fees at two price points: $1,495 and $2,995.
Does Global Resorts Network provide access to nice vacations? Yes.
But is Global Resorts Network a good business to pursue? It's not, because major issues with the product make the business a no-go.
1.) Easy Access to Dirt Cheap Travel Deals, Caused by the Global Recession, Threatens Demand for Global Resorts Network’s Products.
With the worst global recession in 70 years, people are spending far less on travel. It’s never been easier to find cheap travel deals, inexpensive airfares, and bargain hotel rates. And consumers know it.
They don’t need to spend $3,000 for travel discounts when they can get free access to bargain travel deals online or through a travel agent.
For example, in a recent New York Times titled, “More Are Spending Less to Get Away from it All”, the author wrote, “…After a substantial drop in travel bookings last fall — as much as 20 percent…travel organizations have switched into survival mode, offering discounts and incentives.”
If you represent Global Resorts Network, your trying to sell something for thousands of dollars which people can get or free: access to cheap travel deals. That’s a tough sell.
Not only is consumer demand for travel way down, and access to cheap travel easy, your prospects are going to ask you if travel is a good business in this economy. How do you answer that honestly without losing the sale? You can't. You never want to be in a business where stating the truth reduces sales.
2.) Global Resorts Network Product Line is Not Diversified. This Creates Risk.
There are two price points but a single product in Global Resorts Network (timeshares).
With Global Resorts Network, what happens if a terrorist event reduces demand for travel for six months to a year? Your income drops. And if/when the economy improves, you will be stuck with a business that is totally vulnerable to economic changes. You’re better off pursuing a business opportunity that is attractive both in a recession as well as boom times.
Companies that sell only one product are very risky. That's why you almost never see companies with a single product. When economic events weaken product demand, the company has no other product line to take up the slack. Sales professionals representing the company close less sales and make less money when times are lean.
In summary, while Global Resorts Network does provide access to some nice vacations. But from a business standpoint the product lineup has major shortcomings. First, the global recession threatens demand for Global Resorts Network’s products, because discount travel bargains are extremely easy to find. Second, Global Resorts single-product focus is needlessly risky, because there is no other products to drive sales when core product sales weaken or dry up totally.
For more information and to learn about an attractive alternative direct sales opportunity that’s much more lucrative than Global Resorts Network, with less risk, see my in-depth review of Global Resorts Network.
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