For those who have been involved with profit share programs the last
two years, you can see the result of multiple launches copying the
original plan of sharing a high percentage of rebates with members
and have the underlying lure of a 15% referral commission.

in the beginning, the grandfathers of this system had the playing field
to themselves and were bringing in a good coin...the imitations soon
emerged to a point where there were so many and some members
were thinned out putting some funds into each one.... now, the majority
are barely able to eek out a percent a week and others have closed up.



Sports betting...GoldNuggetInvest had this niche pretty well to themselves
for a long time and I'm still getting paid on time by the Admins. However, if
the "plan" works people want to get in on the action and start their own scripts.
Recently and up to two days ago, two more programs have launched offering
a slightly higher earning capability.

If this trend continues....investors in these sports arbitrage programs will
probably experience the same fate as those that were involved with the
profit shares and see them get watered down to a point where even I don't
bother reading further when I see...share of 85% and 15% referral commission.

Meanwhile, GoldNuggetInvest is dealing with a couple issues such as a
shortfall of Strictpay funds, which they experienced with STP but is back to
normal and the processor I use. Strictpay is undergoing a "bank" change
so related transactions are temporarily held up. Another issue they addressed
on their site is the "hit and run" where members deposit a large amount
for 30 days and withdraw their principal to another processor, etc.

These members are apparently being monitored and their principal will
be intentionally held up for a few days to discourage the practice.

In conclusion...it's 'here we go again' with the watering down of a niche by
too many launches. Certainly members will pull funds to join the higher paying
program and spreading out funds to the new launched. In the event one collapses,
it will begin to form a cloud of doubt over the whole arena.


          Subscribe to the Gord's Home Biz newsletter