By now all of the mPowerTec MAP owners should have got the update from mPowerTec regarding the current happenings. mPowerTec CEO together with new partner - Consorteum had an explanation tour to the large Canadian centers and showed the plans and steps they are taking to ensure the company stability and investors revenues.
I have attended the meeting in Montreal
I won't repeat all I heard. MAP owners had an opportunity to join the meeting themselves or to listen to the conference call in case they missed the event.
Main points though are as follows:
- mPowerTec will act as ISO, meaning sales and acquisitions will be made by mPowerTec itself thus eliminating the third party and the unnecessary expences.
- The cost for the new owners will be determined by the account profitability. In most cases the cost will be $2500 instead of $3500 previously.
- The existing MAP owners that paid $3500 will have 2 more years added to their contract (remember, there is $500 per year renewal fee after the 4 years end, so this 2 years extension compensate you for the difference in cost).
- Previously mPowerTec promissed half year extension for the existing MAP owners. All together the contract will be extended to 6 and half years (4 years contract + half year promised before + 2 years cost compensation extension)
- The model is approved by the lawyers as "Creative" Franchise model. Any new purchase of the MAP terminal will be binded by franchising agreement between parties.
I hope you all understand the tax advantages of this compared to the regular investment.
- The residual payments scheduled to be renewed as of mid September. This doesn't mean all MAP owners will get the payment in September. The big accounts such as Coffee Time, Taxi and Dominos Pizza will most probably be active by September. Others might use some patience.
- Merchants contracting with mPowerTec will commit to the minimum volume of transactions thus eliminating the investors risk of underpayment.
My thoughts about all this?
Well, I believe mPowerTec is on the right track. Consorteum is a well known industry leader in Management Consulting with more than 40 years of combined experience. Together with other partners like Hypercom, Paymentech and others they have real strenght in the market.
The model is sound and the team is eager to prove its reliability to the investors.
I have personally spoke to Jennifer Fernandes (mPowerTec CEO) and I believe that mPowerTec is there to stay. I and my company plan to become a sales channel for mPowerTec as soon as the payments are renewed and the compensation model is clear.
But this is a topic for the separate update.
Stay tuned.
Slava.
Saturday, June 30, 2007
Wednesday, March 07, 2007
WebNet update
Received my first Royalty check for 3 months period.
Not something to be very proud about - only $72 (on $5000 investment).
The company published its' expansion plans for the nearest future. I can't post it here before I get their permission for that. One thing they expect is that all investors will cash out during 2007 and the sky is the limit afterwards.
The sales and marketing are very solid and the contracts are promising.
I know that return does not look staggering meanwhile, but this is the case with almost any star that becomes a comet. It begins modestly and develops into something huge.
If you are interested in this opportunity, contact me at slavas@pocketfullofsecrets.com
Not something to be very proud about - only $72 (on $5000 investment).
The company published its' expansion plans for the nearest future. I can't post it here before I get their permission for that. One thing they expect is that all investors will cash out during 2007 and the sky is the limit afterwards.
The sales and marketing are very solid and the contracts are promising.
I know that return does not look staggering meanwhile, but this is the case with almost any star that becomes a comet. It begins modestly and develops into something huge.
If you are interested in this opportunity, contact me at slavas@pocketfullofsecrets.com
Tuesday, January 30, 2007
mPowerTec update
mPowerTec have cut the agreement with one of its strategic partners, namely Affinity.
I contacted the mPowerTec to ask why I haven't received my January check and was said that mPoerTec have moved to another vendor. They issued the letter to all investors and promised to set all inactive terminals in 60 days period. Meanwhile NO late setup fee will be paid to owners. As a compensation mPowerTec prolongs the owners agreement by additional 4 months.
I don't know who is the new vendor/partner for mPowerTec and how strong marketing system and proven record it has. That is why my advise for now is wait and see where it goes.
I contacted the mPowerTec to ask why I haven't received my January check and was said that mPoerTec have moved to another vendor. They issued the letter to all investors and promised to set all inactive terminals in 60 days period. Meanwhile NO late setup fee will be paid to owners. As a compensation mPowerTec prolongs the owners agreement by additional 4 months.
I don't know who is the new vendor/partner for mPowerTec and how strong marketing system and proven record it has. That is why my advise for now is wait and see where it goes.
Thursday, January 04, 2007
Real Estate
I have more and more questions sent to my private email regarding Real Estate investing (which drives me to a conclusion that I really need to create an organized website with forum).
Most of the questions are "Why don't you post about RE investing?" and "What would be your recommendation?"
Well, guys and gals, honestly, I am not invested in RE yet and, as promised, I only post about things I personally do.
RE is definitely in my plans for the future. I plan to create a steady monthly passive cash flow before I turn to RE investments. And the reason is that I would prefer to invest in multi-family houses or in the raw land rather than into a single-family dwellings. Multi-family dwellings give you more or less steady cash flow, but require higher downpayment, while land is relatively cheap, but might actually take cash from your pocket for a couple of months.
Although I am not in Real Estate yet, I do have connections with RE companies in Alberta and Ontario. The company in Alberta looks for investors capital from $50000 and up. The company in Ontario is a management company that buys condominium houses and vacation properties in selected areas where the prices are expected to go up. The downpayment there might be as low as $10000.
If you are interested to know more, drop me an email to slavasrfp@yahoo.ca
Slava.
Most of the questions are "Why don't you post about RE investing?" and "What would be your recommendation?"
Well, guys and gals, honestly, I am not invested in RE yet and, as promised, I only post about things I personally do.
RE is definitely in my plans for the future. I plan to create a steady monthly passive cash flow before I turn to RE investments. And the reason is that I would prefer to invest in multi-family houses or in the raw land rather than into a single-family dwellings. Multi-family dwellings give you more or less steady cash flow, but require higher downpayment, while land is relatively cheap, but might actually take cash from your pocket for a couple of months.
Although I am not in Real Estate yet, I do have connections with RE companies in Alberta and Ontario. The company in Alberta looks for investors capital from $50000 and up. The company in Ontario is a management company that buys condominium houses and vacation properties in selected areas where the prices are expected to go up. The downpayment there might be as low as $10000.
If you are interested to know more, drop me an email to slavasrfp@yahoo.ca
Slava.
Saturday, December 16, 2006
Canadian Financial Security Program
Hi there!
Wanted to post this quite long ago, but somehow it always slipped off.
Here is the link to a very usefull site with lots of free financial information. There are guides for Tax reduction, Life insurance, Investing, Home base business and more.
True help Financial
This is the excerpt from their mission statement:
"The mission of The Canadian Financial Security Program is to assist Canadians to create, grow, protect, and pass on financial assets or wealth with full knowledge, understanding and comfort, and to educate and thereby empower Canadians to use certain money strategies that will improve and protect their lifestyle now, and for the rest of their lives. "
Enjoy.
Wanted to post this quite long ago, but somehow it always slipped off.
Here is the link to a very usefull site with lots of free financial information. There are guides for Tax reduction, Life insurance, Investing, Home base business and more.
True help Financial
This is the excerpt from their mission statement:
"The mission of The Canadian Financial Security Program is to assist Canadians to create, grow, protect, and pass on financial assets or wealth with full knowledge, understanding and comfort, and to educate and thereby empower Canadians to use certain money strategies that will improve and protect their lifestyle now, and for the rest of their lives. "
Enjoy.
Sunday, December 03, 2006
Fast Track To Cash Flow
This post is for my Canadian readers.
On September I was attending a 4 days Business Super Conference in Toronto. The conference was organized by the "Fast Track To Cash Flow" company and hosted around 80 people from around Canada. Business owners, investors and "newbees" like myself were there to hear and learn from the incredible speakers which made it to the financial freedom or are on their path. Topics like Business systems building and expansion, investments, behavioral and psychological aspects of the business, organization, marketing, sales, real estate and others were discussed in this very saturated event.
In case you have never heard of the Fast Track to Cash Flow phenomenon, it is Canada's fastest growing source for financial empowerment events, tools and resources.
I have found the Fast Track To Cash Flow somewhere around June or July. I used the free staff they supplied on their web site and later decided to join the Inner Circle program. As a member what I get is a monthly Action-letter packed with information about Personal Motivation, Sales, Marketing, Real Estate Investing, Stock Market Investing, economical situation analysis, Expert Business Advice and so much more. I also get a monthly CD success Interviews, at least 30% discount to future paid events, special pricing on all Fast Track products and other things you will value becoming the Fast Track Inner Circle (FTIC) member.
And now I want to give you something I have found very valuable in my own journey to get out of the "Rat Race" and onto the Financial "Fast Track".
It's a...
Fast Track Gift Certificate.
This certificate entitles you to a Complimentary 2 months "Test Drive" subscription to the same Fast Track Inner Circle Membership Program that I am a member of (a 79.90 value).
To take advantage of my gift to you, simply visit: www.CanadianFastTrack.com and use the reference number 833 on the registration form.
I wish you all to fire your boss next year.
Slava.
On September I was attending a 4 days Business Super Conference in Toronto. The conference was organized by the "Fast Track To Cash Flow" company and hosted around 80 people from around Canada. Business owners, investors and "newbees" like myself were there to hear and learn from the incredible speakers which made it to the financial freedom or are on their path. Topics like Business systems building and expansion, investments, behavioral and psychological aspects of the business, organization, marketing, sales, real estate and others were discussed in this very saturated event.
In case you have never heard of the Fast Track to Cash Flow phenomenon, it is Canada's fastest growing source for financial empowerment events, tools and resources.
I have found the Fast Track To Cash Flow somewhere around June or July. I used the free staff they supplied on their web site and later decided to join the Inner Circle program. As a member what I get is a monthly Action-letter packed with information about Personal Motivation, Sales, Marketing, Real Estate Investing, Stock Market Investing, economical situation analysis, Expert Business Advice and so much more. I also get a monthly CD success Interviews, at least 30% discount to future paid events, special pricing on all Fast Track products and other things you will value becoming the Fast Track Inner Circle (FTIC) member.
And now I want to give you something I have found very valuable in my own journey to get out of the "Rat Race" and onto the Financial "Fast Track".
It's a...
Fast Track Gift Certificate.
This certificate entitles you to a Complimentary 2 months "Test Drive" subscription to the same Fast Track Inner Circle Membership Program that I am a member of (a 79.90 value).
To take advantage of my gift to you, simply visit: www.CanadianFastTrack.com and use the reference number 833 on the registration form.
I wish you all to fire your boss next year.
Slava.
Saturday, December 02, 2006
AGLOCO - Own the Internet
I recently joined AGLOCO because of a friend recommended it to me. I am now promoting it to you because I like the idea and I want you to share in what I think will be an exciting new Internet concept.
AGLOCO’s story is simple:
Do you realize how valuable you are? Advertisers, search providers and online retailers are paying billions to reach you while you surf. How much of that money are you making? NONE!
AGLOCO thinks you deserve a piece of the action.
AGLOCO collects money from those companies on behalf of its members. (For example, Google currently pays AOL 10 cents for every Google search by an AOL user. And Google still has enough profit to pay $1.6 billion dollars for YouTube, an 18-month old site full of content that YouTube’s users did not get paid for!
AGLOCO will work to get its Members their share of this and more.
AGLOCO is building a new form of online community that they call an Economic Network. They are not only paying Members their fair share, but they’re building a community that will generate the kind of fortune that YouTube. But instead of that wealth making only a few people rich, the entire community will get its share.
What's the catch? No catch - no spyware, no pop-ups and no spam - membership and software are free and AGLOCO is 100% member owned. Privacy is a core value and AGLOCO never sells or rents member information.
So do both of us a favor: Sign up for AGLOCO right now! If you use this link to sign up, I automatically get credit for referring you and helping to build AGLOCO. www.agloco.com/r/BBBF0730
Yours in Passive Income Quest.
Slava.
AGLOCO’s story is simple:
Do you realize how valuable you are? Advertisers, search providers and online retailers are paying billions to reach you while you surf. How much of that money are you making? NONE!
AGLOCO thinks you deserve a piece of the action.
AGLOCO collects money from those companies on behalf of its members. (For example, Google currently pays AOL 10 cents for every Google search by an AOL user. And Google still has enough profit to pay $1.6 billion dollars for YouTube, an 18-month old site full of content that YouTube’s users did not get paid for!
AGLOCO will work to get its Members their share of this and more.
AGLOCO is building a new form of online community that they call an Economic Network. They are not only paying Members their fair share, but they’re building a community that will generate the kind of fortune that YouTube. But instead of that wealth making only a few people rich, the entire community will get its share.
What's the catch? No catch - no spyware, no pop-ups and no spam - membership and software are free and AGLOCO is 100% member owned. Privacy is a core value and AGLOCO never sells or rents member information.
So do both of us a favor: Sign up for AGLOCO right now! If you use this link to sign up, I automatically get credit for referring you and helping to build AGLOCO. www.agloco.com/r/BBBF0730
Yours in Passive Income Quest.
Slava.
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