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July 24th, 2008, 10:13 PM
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oceansidewealthbuilder.com
Oceanside Wealth
This program will not be launching until this coming Saturday, July 26.
I will post my sign up link at that time so keep a look out. This is a GET IN EARLY deal folks if you want to get your 2 x 10 matrix filled. It is estimated over 10,000 people will be coming in in the first month. Get your share and get your monthly membership fee paid for right off the bat. We are now seeing programs which empower each and every member to earn without having to complete a cycle, fill a matrix or build a downline; although doing so certainly enhances income in those programs.
The first program to successfully combine the network marketing model with a passive income producing model was QXL3, which is still running; and although it's credit union investment has not produced the 20%/mo originally promised, it has been consistent at just better than 10%/mo compounded for well over a year now which most of us consider very good. The second program to do so was MrsVIP with the added task of surfing someone else's websites each day to get paid. Membership level and amount of ad packages purchased greatly affects overall earnings there. It as well as ASD are advertising programs with a different jargon and are not to be considered investment programs per se. Mrs VIP was followed quickly by the ASD CashGenerator sites; English, Spanish and now Chinese which also require daily surfing and rely heavily on commissions by sponsoring others to reap a significant dollar amount as the daily return on all your ad package purchases is the same and that rebate is spread out over an approximate 125 day 4 month period, and 80% of it was your ad package purchase up front to start with.
Oceanside Wealth (OW) presents a new program which will appeal to the masses. We are witnessing a major transformation in this industry which tends to render referral-based programs obsolete and this is extremely good news for the vast majority of industry participants who have never been able to develop the additional income stream(s) they desperately seek. But with that said, referring others in this program can also enhance the income over and above one's own efforts.
Membership fee
Whereas QLx3 has a $15/mo membership fee plus a $50 annual fee in the credit union, Mrs VIP three monthly membership options, and ASD four membership options which require a monthly fee; so does Oceanside Wealth. That membership fee is $60/mo. The program is projected to produce 10% to 20%/mo return which means $400 of your investment up front is required to pay your monthly membership costs ($400 x 15%ave = $60) unless you get in early and the 2 x 10 matrix pays for it monthly.
There's no surfing here as this is not a surf site. This is REAL forex trading. Sounds familiar, right? Everybody seems to say that what they are doing is real. The difference here is that as members, we get to see the trading taking place in real-time sometimes...and daily charts to show the trading activity that has taken place.
Historical data suggests a 10-20% monthly return. Their lowest month was 3%....their highest was 45%. This is over a 15 month-tracked period of time.
And yes, ..if you plan to refer absolutely no one and we assume a 15% return, then you would need $400 to break even. In actuality, 6 people under you gets you into profit in the matrix...which handily covers the $60/month membership fee. The best guess right now is that we will have close to 10,000 people coming in the first month. Getting in early, there's a VERY high probability of spillover.
Ultimately, I think the incentives are the following:
1) A set-up similar to QLx3...but legit trading & much more transparent
2) Forex training webinars run monthly for those who wish to do trading themselves
3) 10-20% per month average return...think realistic
4) A very real possibility of significant income from the referring side of it...or at least getting your membership costs covered
5) 50% matching bonuses on your personally referred people.
My upline in Oceanside, is doing the incorporations, asset protection work and advising on their offshore set ups...so he is not only poised for the top but comfortable that they are exactly who & what they say they are. I will get signed up as soon as he does and post it on my page right away also. That's Sat July 26th.
He's heard a lot of good things about this company. He feels this program may be the next "V-Lane". This is a new investment opportunity with a 15-20% average earned monthly (some months doing 30-40%). This earning percentage does not expire. The matrix side of the company can prove to be great source of income. This program has a somewhat similar structure to MrsVip & V-Lane Traffic, in the sense that you have to join the matrix to take advantage of the product. In this case, the product is investments. People on the forums are excited to get in early because of the 2x10 "community" forced matrix, where people will be placed automatically LEFT TO RIGHT, all the way down to the first 10 levels. With the amount of excitement this program has been given, you can pretty much count on the 2x10 matrix to fill up quickly with no open spots. Getting in early is wise. I believe that if you get in early, and I mean early, you can bank on making a nice income from the matrix, even if you don't sponsor. Many will be watching closely for launch. Subscription is $60 a month. Weighing risk vs reward, I feel that this opportunity is worth the risk, and the reward can be much higher.
After the initial craze of signups, the 15-20% average monthly return is what should keep the program alive. I won't lie by saying I'm not excited to see what the matrix can bring though.
Message from the company:
"Hello everyone, We are very excited to bring you this phenomenal opportunity with Oceanside Wealth!
I just got off the phone with my web programmer and we should be ready to start putting in positions in the matrix as early as Friday. To give everyone a little foresight of what to expect... REAL RETURNS based on our ACTUAL RETURNS. We use an institutional grade $60 million Forex trading program along with the many years of experience of our trader to bring you phenomenal returns. We will be posting monthly performance graphs along with doing live webinars so you can see our amazing results!
We will also have a built in front-end matrix with a $60 per month membership fee. You will then be able to add any amount in $100 increments on top of that to go into our program. When we say any amount, we mean ANY AMOUNT. There will be no maximum with us as we do not have to "look" for places to put the money. It all gets combined with our personal portfolio to leverage it. The matrix will be a 2 by 10 forced matrix with the first 10 levels "community forced". This means that the first 1046 people will be placed automatically left to right all the way down the first 10 levels.
This will ensure that there are no open spots and no one will get left behind. Jake said that he thinks we will fill the 2 x 10 matrix in about a month, so as soon as we are live, you will want to put your position in ASAP. We will definitely be here for the long haul and are looking forward to helping as many people's dreams come true as possible."
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Those who have seen a demonstration of the trading platform were very impressed.
Oceanside Wealth is very similar to MrsVIP in that they both have...
...a membership matrix structure
...a passive income opportunity*
...the means by which ALL members can earn, whether or not they refer a single person.
Oceanside Wealth is totally passive.
Active marketers should pay close attention to the matrix income potential. I am not going to hype the matrix portion of the program. While there is always significant spillover the moment a program launches, especially a 2-wide matrix, it is not of major significance to inactive members who find themselves on the lower levels of any matrix. It will be of interest to our active members and I suggest that everyone make your contacts aware of Oceanside Wealth. The purpose for the matrix side of the program is to reward the efforts of active marketers and responsible sponsors. Without active marketers these programs would not exist. While we are not required to refer anyone to earn in the matrix, those that do will earn a 50% matching bonus on anyone they do refer!
As is always the case, most of the members of OceanSide Wealth will not be in the "active marketer"
category. Like V-Lane Traffic, they will see the value of the passive portion of the program and they will understand that the returns from the program will greatly exceed the monthly cost of membership assuming they have adequate funds available to make the program work for them. This last statement is true for Mrs VIP and the ASD programs as well. A $200 spend won't cut it, but putting in $1000, $2000, $5000, $10,000 or more will reap some pretty nice returns.
Whether or not this program can perform as advertised and can sustain long - term remains to be seen. If so, I expect that our accounts will grow steadily as has been the case with QLx3 and MrsVIP. One thing is certain. Whenever a forced matrix is part of the equation, joining sooner is always much better than joining later.
From my upline. I wanted to share with you the experience of a lady named Wendy who was invited
to take a look at the live forex trading for Oceanside. This is what she had to report:
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"While you all were debating the merits of matrices and such, I was privy to viewing the workings of the forex robotic trading system. I have to say I am impressed with this type of trading which is being used by most institutional traders for the big cheeses like Morgan Chase, Bank of America, and numerous hedge funds popping up trading forex NOW. It is the fashionable thing to do you know.... but anyway this software can trade 20-30 currency pairs per day and make 100's of trades per month. And it does have a human at the helm monitoring it! Which makes it the best of both of worlds it seems...
While you are all salivating about matrix earnings and that is ok but let us not forget why the matrix is in place and what the piece de resistance is---the trading account.. the matrix is just the appetizer. But this is the perfect mix for success.. this MLM'er/investor hybrid. That is why I believe it will be successful..
So think of the $60/month fee as a brokerage fee or commission turnaround or membership fee or loading fee... and the forex account as the main vehicle to make you a stable income for at least 10 years as we were told.
The trader is not online savvy nor is he familiar with the HYIP mentality... and to him returns of 5%/month are astounding... and we all should start thinking about this for long-term... his live trading averages about 10-20%/month with a low of 3% in April and 55% in June...
My observation is to get in now and think of this as a long-term building program for your portfolio.. there has been a lot of hype here.. and we need a paradigm shift as I have been telling my own members for some time... 6% programs are good if they pay you for 10 years or longer even.. and are realistic.. so this 10-20% is phenomenal and I highly recommend this program on just the merits of the trading part itself.
There really has been little discussion about that part of it.. but I cannot wait to add it to my collection of good solid programs.. and feel it will be well worth to get into it whenever you are ready to join.
I will look at this as something to put substantial money into just for the sake of the managed forex account." Thought you'd be interested....
The payment processors will be....
Strict Pay, Solid Trust Pay and Alert Pay.
Just LAUNCHED -- HURRY! Here is my URL:
Oceanside Wealth :: Home
Last edited by lynnette : July 28th, 2008 at 03:17 PM.
Reason: added to rotator
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July 29th, 2008, 11:42 PM
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#11 (permalink)
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Location: Minnesota
Credits: 726.75
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Yep - I read that a few minutes ago also...interesting.... The prebuilt teams don't really matter as I understand it since it is a community forced matrix. In other words...the people you refer may not necessarily go beneath you...but rather on the same level as you to fill the slots left to right on each level. So Mwong...even though you signed up as my referral...I have you listed as personally sponsored but you are not below me in my matrix. I have to say that I joined this at 8:30am central time...before many people even got to reading their emails and only about 8 hours after launch... I would think that I would have some people under me by now!!!
Should be interesting...but I have some guarded optimism. Still interested in their forex program though!
Tara
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July 30th, 2008, 11:18 AM
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#12 (permalink)
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Interesting discussion.
__________________
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July 30th, 2008, 04:27 PM
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#13 (permalink)
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I've been reading on the site. It appears that until you have filled your level 3, and reached your $310/mo you are not actually participating in the Forex trading opportunity??? From what I can gather, up to that point, you are getting referral monies from the people placed under you. Then once you achieve that level, your monthly requirement "automatically" becomes $200 per month instead of the $60 per month, and 80% of that ($160?) is put into the Forex program, plus at that time you can add any "additional" funding you want to designate to be added to your account.
I'll give it a month or so - - - if they get the million people signed up as they anticipate, and I still don't have any spillover, I'll seriously consider jumping ship. I don't have time, money or energy to build up a downline, and if that's the only way to get going (in other words have my monthly expense covered by commission) then I can't continue.
I also noticed that they like to say its a 10 level deep matrix, but there are "sponsoring requirements" for each level beyond the first 3 which are just "sponsoring levels" anyway.
This is copied from their site (minus the graphics):
==========================
HERE'S HOW IT WORKS
The Pay Plan leverages B60 ($60) monthly into a HUGE B38,708.00 ($38,708.00) MONTHLY!
PHASE 1 helps you get started on an affordable budget of only B60 ($60) monthly - anyone can afford this! You get high quality valuable weekly training on online and offline marketing by an expert in the field. This is the absolute best training service you could ever have to help build your business. You will be placed in the first available space of the Community Force Filled Matrix. The Community Force Filled Matrix is a 2 x 10 matrix in which team effort provides maximum support. It is a first of its kind in the industry. The entire team works together as one unit to force fill the first 11 levels of the matrix starting at level one, going row by row from left to right, top to bottom.
Your total Phase 1 income of B310 ($310) per month is generated from training service purchases by your first 3 levels. A full 2 wide x 10 deep profit center can pay you B38,708.00 ($38,708.00) monthly.
Regardless of where the people beneath you came from, as long as they fall within the confines of your matrix, you are paid on each and every one just as if you or someone on your team sponsored them. You are paid B5 ($5.00) for each of the two personsf membership who land on your first level, B15 ($15.00) for each of the 4 personsf membership who fall on your second level and B30 ($30) for everyone's membership on your third level.
This equates to 2 x B5 ($5) = B10 ($10) first level earnings, 4 x B15 ($15) = B60 ($60) second level earnings and 8 x B30 ($30) = B240 ($240) third level commissions for total of B310 ($310).
As long as your second level is filled, your B60 ($60) membership fee would be covered out of your earnings, but you still need to pay the actual B60 ($60) monthly. There will be some circumstances where a member's second level will not fill until after the pay period has been calculated and in that situation you would earn the commission on those members the following month.
PHASE 2 is a self-funded upgrade designed specifically to EXPLODE the growth & income of your business. You get an advanced training session available to educate you on offshore asset protection! You simply cannot find this kind of training anywhere for only B200 ($200) monthly. Your upgrade to Phase 2 will occur automatically when your monthly income reaches B310 ($310)
No out-of-pocket expense!
Your total Phase 2 income of B38,398.00 ($38,398.00) per month is generated from upgrade purchases by levels 4-10.
In Phase 2, at least 80% of your matrix earnings will be deposited directly each month into the company's Forex program. Funds placed in the Forex program must be left in for a term of 12 months whether they are from your matrix earnings or personally funded. You are also able to withdraw monthly, any Forex profit that is greater than your principal amount. We are giving you this option so you are able to cover your membership fees and retain your monthly profits if you choose to do so.
BLOCKBUSTER PAY PLAN:You're in profit with only 6 members!
Forced Matrix (2 wide x 10 deep)
Recruiting requirement-
The Oceanside Wealth program does not require you to recruit to qualify for matrix earnings in Phase 1. When your matrix fills to Phase 2, there are recruiting requirements to qualify for each level.
There is an option to buy an electronic gift certificate out of your earnings for the cost of the membership plus B1.00 ($1.00). You may give this gift certificate to whomever you choose in order to pay for their first month as a member. Matrix personal sponsoring requirements ensure that the matrix will continue to grow. We have designed the requirements so that if you had to buy gift certificates to give to people in order to meet the qualifications per level you have the necessary income to do so.
-Qualification to be paid through level 4:
Personally sponsor one (1) membership
-Qualification to be paid through level 5:
Maintain one (1) personally sponsored membership.
-Qualification to be paid through level 6:
Personally sponsor and maintain a total of three (3) memberships.
-Qualification to be paid through level 7:
Personally sponsor and maintain a total of three (3) personally sponsored memberships.
-Qualification to be paid through level 8:
Maintain a total of six (6) personally sponsored memberships.
-Qualification to be paid through level 9:
Personally sponsor and maintain a total of twelve (12) personally sponsored memberships.
-Qualification to be paid through level 10:
Personally sponsor and maintain a total of twenty four (24) personally sponsored memberships.
Sponsoring Bonus-
In Phase 2 you will be paid a 50% matching bonus on anyone you personally sponsor who qualifies for a Phase 2 bonus. For example, if someone you personally sponsored has the 10th level of their matrix filled, their earnings would be B38,708.00 ($38,708.00) minus their monthly fees and your matching bonus would be B19,354.00 ($19,354.00).
When your level 9 is complete and all members on your level 9 have entered phase 2, you will be awarded with a 2009 Cadillac Escalade Hybrid, or a 2009 Cadillac XLR wrapped with your Oceanside Wealth referral link. Vehicle substitutions are limited, but availiable, and will need to be authorized due to vehicle wrapping constraints. Every member will be expected to provide a picture of themselves, and their wrapped vehicle for display on the Oceanside Wealth website. Oceanside Wealth will issue a car bonus agreement with full terms and details, once a member is qualified for the bonus.
When your level 10 is complete and all members on your level 10 have all entered Phase 2, you will be awarded a B5,000.00 ($5,000) monthly Home Ownership Bonus!
To calculate your earnings on Phase 2 simply refer to the Cumulative $ / Level section on the matrix diagram for each level or add them the same way as the Phase 1 example above.
__________________
In Loving Memory of Richard Tin Lai Wong
Pearl Harbor Survivor
July 4, 1918 - July 8, 2008
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July 30th, 2008, 04:58 PM
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#14 (permalink)
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And these are the Top Referrers listed on the site. So are we to believe that there are only ~400 members so far in total? I'm wondering how it is that by signing up on Day #1 we don't have at least our first level showing anyone yet? Of course this would totally depend on how many Teams they started their matrix with. In other words, how many Founding members did they begin with???
With 400 people total, its hard to say who is on what level, but I'm guessing by the time that number doubles, or triples we should see some kind of spill over, right? That is IF these numbers are correct, and they are filling the matrix left to right with no preferential treatments being given to anyone at the top. But then they only show us our own downline with us at the top of the pyramid, not the entire matrix.
Or maybe I have this whole matrix thing misunderstood???
I don't think that numbers were filled in on this chart yesterday. When I looked at the Leaders board, I seem to remember seeing only names??? Did anyone else recall seeing numbers?
Anyway, it will be interesting to watch - - - I'll be keeping my eye on these numbers. Here is what is posted as of today at 9:45am.
Can these numbers be right???
Last Hour
bwin
downline
amelendez
dishman
global
Last Day
detailshere
trilife
netbizmedia
cashflowfer
JGoldsmith
Last Week
detailshere
brokerjones4532
trilife
corp
bmarler
__________________
In Loving Memory of Richard Tin Lai Wong
Pearl Harbor Survivor
July 4, 1918 - July 8, 2008
Last edited by mwong92683 : July 30th, 2008 at 05:00 PM.
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July 30th, 2008, 05:05 PM
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#15 (permalink)
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Reading that stuff you posted very carefully, I am led to believe that once you enter phase 2, you will be receiving 20% of your earnings with the rest forced into a FOREX account. Pulling "profits" needs profit over and above your "contribution" to the FOREX account.
So, overall, it looks to me like it's a very slick way to do a MAJOR funding somebody's FOREX account with minimal payment of funds out to members in the member's first year.
I presume, since there CANNOT be any guarantee of earnings in a FOREX account, that the ONLY guarantee of earnings will be to the owners of this system in whatever form they choose to apply administrative fees of whatever amount. And if they had half a brain, those fees would be applied against deposits received, not profits earned.
Slick, very slick.
__________________
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July 30th, 2008, 07:00 PM
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#16 (permalink)
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Quote:
Originally Posted by fizzgizz
Yep - I read that a few minutes ago also...interesting.... The prebuilt teams don't really matter as I understand it since it is a community forced matrix. In other words...the people you refer may not necessarily go beneath you...but rather on the same level as you to fill the slots left to right on each level. So Mwong...even though you signed up as my referral...I have you listed as personally sponsored but you are not below me in my matrix. I have to say that I joined this at 8:30am central time...before many people even got to reading their emails and only about 8 hours after launch... I would think that I would have some people under me by now!!!
Should be interesting...but I have some guarded optimism. Still interested in their forex program though!
Tara
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I believe that this is where the actual problems lies. Because the matrix is forced then yes, the 'prebuilt' teams don't come into it, BUT from what I read a large number of people had the opportunity to join before everyone else. This gave those people an advantage because they are naturally higher in the matrix.
Let me give you an example ... lets say it is a simple straight-line matrix and it takes 100 people to fill your matrix. Only 200 people are actually going to join and 150 of those get told where to signup 1 day before you get told. You are only going to get 50 in your matrix, but if you had been told at the same time as everyone else you may have been the 10th person to join and so your matrix would be full.
It basically comes done to integrity. Everyone was told that the launch would be such-and-such. That got delayed (no problem, stuff happens) but now it turns out that a group of people were given the opportunity to join before everyone else. So was there really a delay? And if the owners are going to favor 1 group at the start, are they likely to favor them again for something else?
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