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Income Store, Legit? (Passive Income Websites)

Discussion in 'Business Models, Niches, Industries' started by Ecom man, Nov 18, 2018.

  1. Ecom man
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    Ecom man Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    ** MODERATOR'S NOTE:
    These posts have been extracted from another thread into its own thread and slightly modified for discussion.

    Did a ton of study on it. Decided that I would rather make a guaranteed 15% a year @ Income Store with virtually unlimited upside than to make 16% a year with almost no long term upside.

    If you have about 100k+ to invest I’ve got something that I did that’s “guaranteed” 15% a year as a minimum. (Guaranteed contractually but of course something could go wrong if SHTF) And no I’m not hawking it lol.

    https://incomestore.com/

    upload_2018-11-20_13-35-35.png
     
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  2. 100k
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    100k Gold Contributor Read Millionaire Fastlane Speedway Pass

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    What's this thing that gives GUARANTEED 15% ROI? Stop being vague.
     
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  3. ned.ryerson
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    Okay now that you've got us all intrigued...

    Sent from my SAMSUNG-SM-G930A using Tapatalk
     
  4. Ecom man
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    Ecom man Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Lol sorry it’s called income store. Basically you buy a website and they manage it for you. They take 50% of the website’s profit as their management fee. The other 50% of the profit is yours.

    They guarantee 15% yearly return at minimum and could obviously be more than that. The website is actually owned by you (in your name) and they are just the management company.

    I did 100k in February and for that they buy a website and then build you one as well. I’m currently only making the minimum ($1,250 a month) as the websites aren’t throwing off enough income to exceed that yet. It took them quite a while to buy a website (they are estimating 3-6 months for new buyers) but they pay you the 1.25% monthly even before they find and buy the actual site.
     
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  5. ned.ryerson
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    ned.ryerson Contributor

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    Why would the management companies not buy and retain 100% of the profits?
    Are we talkin acquiring websites for 5k or 500k.
     
    Last edited: Nov 19, 2018
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  6. levijean
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    levijean Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    No way this is legit.
     
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  7. 100k
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    Here's the website... https://incomestore.com/

    Not sure if they are legit or what... but its worth checking out the video on their website.

    One thing though, say you invest $100k, they buy a website cashflowing $50k.... they pay you $25k, and keep $25k.... that means it would take you 4 years to get your money back.

    Hmmm.... 4 years is a LOOOOOOOOOOOOOOOOOOOOOOOOOOONG time in the internet world. I can see why they don't risk their money.
     
  8. ned.ryerson
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    Don't walk away, run!

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  9. garyfritz
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    garyfritz Silver Contributor Read Millionaire Fastlane FASTLANE INSIDER Summit Attendee

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    Agreed. 15% isn't that great unless you also get your original investment back, which I doubt. Hell, I'll guarantee to return 15% for 5 years! Then the Internet has changed, your website is now worthless, etc. Meanwhile I didn't do anything but pocket your money and pay back 15% of it each year...
     
  10. Ecom man
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    Ecom man Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Their minimum is 100k.
    Not trying to sidetrack the thread just what I decided was better for me. They’ve been in busines
    the minimum site buy is 100k. Not trying to derail the thread but just what I chose to do with my extra money rather than tax liens. (Which I looked into heavily when I was in the Midwest, Iowa has some great yields!)
    I supossd whether it is legit or not is certainly up to debate but they have been doing it through income store since 2009 and website building and consulting long before that.

    The 15% minimum is guaranteed to perpetuity... not 5 years. (A contract is just a piece of paper obviously so just as with any investment it is only as good as the company/item.) In this case you actually own the asset (website) so if Income store goes under then you can certainly just sell your website or hire a different management team.
     
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  11. ned.ryerson
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    ned.ryerson Contributor

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    Yeah we shouldn't be hijacking This Thread can you start a new one

    Sent from my SAMSUNG-SM-G930A using Tapatalk
     
  12. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Threads extracted a new thread started.
     
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    Isn't this what hedge funds do

    Accumulate other people's money (OPM!!!!) in a short amount of time, instead of slowly building up your own site then reinvesting.

    I'd be more interested in being on the other side of this transaction.

    Learn some marketing skills PPC, SEO, branding, copy. etc. Use the money to run ads, etc. All with minimal risk to you.
     
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  14. DustinH
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    Bing!
     
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  15. MTEE1985
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    Yes, but they would NEVER guarantee a return of any amount, unless they were run by Madoff. Granted he only claimed of 11-12% returns so he can’t hold a candle to the Income Store. What could possibly go wrong here??
     
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  16. Merging Left
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    You get 15% back annually, but what about your principal? Does the $1,250/mo get added to your investment and compound? Is there a term after which you get your initial investment back? Do they have an exit plan for the website?

    Otherwise it sounds to me like you bought a 15% annuity, and you won't start to see a profit for like 6.5 years.
     
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  17. MJ DeMarco
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    Also pay attention to how they treat the difference between "revenue" and "net income"...

    Big difference between $500K in revenue and $0 in net income..

    AND

    $500K in revenue and $250K in net income.
     
  18. ApparentHorizon
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    Ignore "We have X number of entries in Google's database." That's meaningless.

    Their weak point is definitely SEO, which is a large part of their strategy. Watch the words "build authority" in their presentation.

    They cross promote their pages as well, similar to a PBN. Though, it seems like your own site can get in on that.

    They use Adsense for an income stream. This is good for getting on Google's good side in the SERPs. Though other methods would yield greater returns.

    You have an easier time projecting returns if you're the one responsible for the operations. Though, a "guaranteed return" should still be taken cautiously.

    They also mentioned IAC, which they're basically copying at a smaller scale. IAC IAC/InterActiveCorp Stock Quote

    It doesn't seem like IS allows pooled buy ins, so maybe one of you here could start something like that. Allowing a group of people to put in 10k or so, on 1 project.

    The idea doesn't look half bad.
     
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  19. Ecom man
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    Ecom man Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    You get a deposit/check monthly for 1.25% of your purchase price or 50% of the revenue the website generated that month whichever is higher.

    You own the website so you can sell it whenever you want or never your choice.
     
  20. Ecom man
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    Ecom man Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    They pay all the expenses for the site out of their 50% of the revenue including ads, management, hosting, etc.
     
  21. Ecom man
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    Ecom man Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Same reason people sell 50% of their company to investors. They would rather own 50% of 100,000,000 in assets than to own 100% of 10 million.
     
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    I'm sorry but this doesn't look great to me. Their example websites are not impressive and I don't believe that you own an asset worth $100k. If I had $100k, I could buy an ecommerce site that already makes $30k a year, assuming a 3x multiplier which is very high. Realistically, I'd buy a site making about $40k a year for $100k. That would net me $3,300 a month right away.

    @Ecom man, did they create a site from scratch or buy a site with your $100k? This just doesn't make sense to me. If your store is not even making the minimum of $15k a year, what did they do with your $100k?

    Can you get out of the 50/50 profit share? How long is the contract?

    I've looked at all their videos and what I think they do is purchase a websites worth between $10k-$25k and they increase sales and traffic. So you are basically overpaying for a website, they make a nice healthy $75k profit, then they spend time building the traffic and increasing income.
     
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  23. 100k
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    100k Gold Contributor Read Millionaire Fastlane Speedway Pass

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    I'm not totally familiar with that world, but I do believe hedge funds and most asset management companies make most of their moneys from management fees and not from putting their own money on the line.

    Its an interesting proposition, and if you're a total newb that doesn't know anything about the world of online marketing and digital products - this is a great way to get in the game.

    But in theory, there is no reason why someone couldn't hire a operations manager and a digital agency to do what Income Store is doing, and you'd end up keeping 80% of the profits (investing 20% back into the business).

    I'll def. be exploring the latter scenario in the coming new year.
     
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  24. James Gill
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    Every time I read 'Guaranteed Returns' something in me turns on the CAUTION siren and tells me to stop reading.

    Having reviewed the site from an investor point-of-view, it looks like they are really trying to appeal to the new wave of take action, passive income, generate wealth audience the internet has produced.

    Just look at the copy. The site is littered with copy that is repulsive even to me, I can’t imagine trying to market this to a private equity firm which they claim to target. It is designed to appeal to investors who are not investment savvy. Examples include:

    · Create a consistent and passive income stream
    · Does it really work?
    · Creating additional income for you month after month
    · Hands Off Approach
    · How They Became Financially Independent
    · Arrow pointing to ‘Start Earning’

    Look at some of the video FAQs (granted I haven’t listened to the answers). Why, in any reasonable world, should a company selling investment opportunities into websites need to have answers to these questions:

    How Do Websites Grow?
    How Stable Are Websites?
    Is This Like A Rental Property?

    If people don’t know the answer to these questions they should be nowhere near your services or your website. You shouldn’t want visitors who don’t know the answers to these questions on your site, they should not be potential customers.

    If I’m a partner of a private equity firm and I stumble across this site I’m instantly thinking ‘this site reads like a scam’. For something that supposedly offers crazy good returns, they are trying awfully hard to sell it. There should be no need to have copy like this if the opportunity is so good, displaying all of the information should sell itself. A great opportunity will sell itself to the right audience, so it should all be about marketing, rather than converting. There’s also a plethora of top news outlets that he claims to be mentioned in but no links to any of the articles, just logos. An arrow pointing to a button that says ‘Start Earning’, come on…

    I almost threw up when I clicked on the $0-$100k products page. First of all, he’s selling two books on this page, one for $9.99 and the other for $15.99 but he’s giving them away on his home page to try and build his email list. Secondly, he thinks two days of his time at a location of your choice is worth $25k, but that’s all the information he’s willing to publicly share about it. He’s selling a $25k service with a 14 word description.

    A final thought, this company claims to be able to create and market a great revenue generating website. So why is theirs so sh*t?



    You're right about hedge funds. Management fees are generally between 0.75%-2.5% of total assets managed and the General Partner usually puts in only 2% up to 5% of total fund size as they have unlimited liability.
     
  25. Ecom man
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    Ecom man Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    For 100k they buy one and then also build one.

    You can sell your website anytime you like to “get out” of the contract. There isn’t a minimum time period before you can sell. You can’t get out of the management contract without selling the site however.
     
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