By Ty Tribble, Founder – MLM Blog
I saw a detailed explanation of the iJango portal over the weekend. Here are my thoughts…
1. There is no revenue being created at iJango outside of recruiting people. (Can you say Pyramid/Ponzi Scheme?)
2. The whole business is based on the "portal" idea. Like My Yahoo or iGoogle. You have the opportunity to put news and other stuff on your iJango site. This is nothing new and frankly not a solid business model when it comes to generating revenue.
3. There is virtually ZERO connection between iJango and Google.
Bottom line, if there is no revenue being created outside of recruiting then you have a pyramid scheme.
There is a Network Marketing revolution going on right now. It is a great time to be in business. But please educate yourself.
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Thanks for your thoughtful comments, Jack.
Let's pray that iJango's model works for the people who are getting involved.
I am a little tired of the hype in the marketplace these days and many companies, but mostly reps, contribute to that. I would rather see the business and service finalized first, but realize that is often not the case.
With that said, I know Steve Smith and Cameron. I was at their pre-launch event in Dallas to show my support as a friend with no intention of joining. For me, I have to be passionate about the product that I recommend. For me, that is nutrition and wealth mentoring, so iJango did not appeal to me. I also realize that probably 400 of the top 500 industry earners are with nutrition companies.
Cameron will be the first to share that he has made mistakes. We all have and thank God for His mercy and grace. I believe that Cameron is trying his best to provide an opportunity for the masses. Again, not defending him as he can defend himself. Cameron is a very talented marketer and the concept is interesting if they can deliver.
I do not believe there is an intent to scam or that this is scam. We will all have to see how iJango develops and they do in fact have a revenue model/revenue share with the ads served on the portal that one uses and gives away.
Again, I am not a representative, nor have I been a representative of iJango. I am in their promo video since I was there to show my support as a friend.
I will close to say that I want nothing but the very best for Steve Smith and Cameron. Time will tell on the business concept and revenue model. I am a little sensitive to the "scam" word being thrown around these days. To me, there is a big difference between a scam and a business model that we may not see as sustainable or profitable. Thanks for this resource and for the discussion.
Ty, thanks for your leadership and I, like you, only want to see the best for people. We know it is tough for any new company to make it long term and we don't want to see anyone hurt. I hope this is an outrageous success for all involved.
This crap has been done before.
A few years ago it was Agloco (went belly up due to cash flow.. ie not enough coming in to continue to pay reps).
More recently ASD Cash Generator (shut down due to pyramiding and/or not delivering on ad space sales).
I'll pass on this one too.. 😉
Good post Jack!
I don't think any of us here wish bad luck on anyone. However, we are very tired of the hype and, (speaking for myself here), the lack of any useful much less verifiable information.
Like you I wish all the iJanoites the best of luck in this venture. However, unlike you, I believe they are being intentionally deceived.
Best to all!
The huge emphasis on recruiting and the required monthly fees for zero product turned me away. More important to me is that I look forward to the day when network marketing as an industry earns a better reputation. When ANY mlm company or distributor drums up hype, it hurts the entire industry. Tired of trying to convince people that one bad apple doesn't spoil the whole bunch and wish mlm-ers would be more professional.