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MLMs are the oldest scam in the book, but "My Power Mall" we are
told, is NOT a Multi level marketing scheme or MLM (even though it can go
9 tiers deep with very little product being moved!) because each person
who "owns" a mall has to buy at least ONE DOLLAR's worth of merchandise a
month. That's called "CYA" (we know what those letters mean, right
--- hint cover your .... butt). Because MLM's are against the law in
many states. Ironically, My Power Mall has the acronym "MPM" which is
awfully close to MLM and I'm sure not unintentional. ** wink wink **
It was apparently started by a lady named Ginny Dye, who did one of the
MLM's and got disgusted because only 3 percent of the people who join make
any money with it. So she got together with "some interested people"
otherwise known as "investors" and spent a chunk of bucks - $500,000 bucks
for the software development alone and founded M- PEE - M, for the "good
of humanity" she tries hard to convince anyone who will listen.
Although she states it's totally "free" apparently members are
encouraged to buy "lead pages" which cost $30 bucks a month.
Other than not really making any bucks, here are some of the problems I
see with it:
They say "you don't have to do anything WE do it all".
Problem 1. Possible JUNK EMAIL to everyone who joins.
They say the person who recommended you to get a "power
mall" gets paid when you shop (and all of those who recommended the person
who recommended you which could be 9 tiers of people)..
PROBLEM 2: Detailed tracking of your shopping habits.... if
10,000 people can be in one tier - guess what - they ALL have detailed
tracking of where you shop and what you buy - always valuable information
in internet business. And although, PowerMall.com claims they don't sell
email addresses, none of the stores at which you shop have made this
commitment and neither have all of the people who have access to your
detailed shopping habits. All of this spells MAJOR invasion of your
privacy!
They say "you don't have to have credit - WE provide it" Did
anyone check the interest rate on their "credit" and again, this involves
an invasive procedure of checking credit rating etc. Selling credit is, we
know, big business and nets a lot of income - for PowerMall.com! :)
Problem 3: MORE invasion of your privacy
Apparently from those who have participated in this, there are other
problems. Predictably, most people who join do not continue shopping
there, for example.
And the "rebate" from the larger stores for YOUR shopping is small.
According to MPM's own figures, if you buy $150 bucks of merchandise a
month from your shopping mall, you will earn a whopping $0.69 cents. So...
don't spend your rebate all in one place. :)
Ginny, the charming founder, states that the real money to be made is in
getting other folks to sign up and SHOP!
There is no selling she tells us.
Problem 4: anytime you push a business, regardless of the
wording used, you are selling something. And people weren't born
yesterday. You might find some who really think they are getting something
for nothing but most people are a bit more sophisticated than that.
Ginny uses all the clichés I have heard in MLM schemes.
"You are not selling anything - you are changing people's lives" and so
forth.
She also states that a small amount of the profits from the business go to
help a kid - and the photo of the latest kid being helped is pictured on
the website (every person gets a template website with some pretty
sophisticated software mostly designed to get new "marks" um... get new
sign-ups).
A running tab at the bottom of the site I visited told me that 117 people
had signed up that day.
People interested in Power Mall are encouraged to watch a "movie" which
turns out to be very little movie and a lot of sales talk from Ginny about
how you can change people's lives by signing up and how it's all free. And
how you are not selling your friends, you are "giving them a 'gift'".
But a financial skeptic has got to ask some hard questions like how are
they going to re-coup their half million bucks in developing the software
and how do they pay their staff (which includes quite a few people).
Apparently some have asked Ginny this but have not gotten much of an
answer.
This is likely an internet fly by night scheme which will disappear one
day without a trace (disappearing businesses even in the "brick n mortar"
category are on the rise, it seems). But in signing up you could lose a
lot more than time. You are likely "telling the world" (of the internet
anyway) about your shopping habits and more, and that could generate spam
and junk mails for years to come, let alone worse.
Skip this one, folks....
Bottom line, there is NOTHING FOR NOTHING and until Americans learn that
they will continue to get scammed daily.
Hard to find any negative articles about "My Power Mall" (it's too new)
but here are a couple of messages I found:
post by mercenary: (he apparently joined it and tried it out)
It’s a scam big time. They have 94000 members, only 4100 people are
shopping, there are only 2200 in their forum, less then 100 new members
join a day. No one makes money because no one is shopping. everyone
already quit. They just started a one thing program trying to make
people use their malls but one thing is not enough. They try to push it
on non-profits but they all see it as a home business scam and want
nothing to do with it. They can always tell you about the one person
that is making money but 10000’s don’t make a dime. It’s is close to
impossible to give it away. They say no selling, you have to sell their
website and you will spend $100’s and you can’t give the thing away so
all your downlines if you do have some, they quit. You need 10,000
people in your downline shopping and spending $150.00 a month to make
any money and it’s imposible. It is a big waste of time, and believe me
you have to sell and sell and sell, and then keep on any little down
line you get to SHOP. They are very close minded so making any
suggestions is a waste of time. The forum is a waste of time because it
it mostly just Ginny Dye butt kissers and they defend each other to
protect the party line. Very few will ever get the 10000 people minimum
needed to make any money. The only person making money at MPM is Ginny
Dye. Watch their movie and do the math yourself. It will take you 100
years to get 10000 people shopping in your down line. It’s hard to get
one new person a week, that is 10000 weeks, and they don’t even shop.
It’s a nice mall but you will never make any money.
I've Tried That
I cancelled my MPM. It was a big waste of time and if the 90000 other
members that just don’t do a thing with MPM went and cancelled their
Malls you would see the real proof,…4100 members and 2200 in the forum.
this is the truth that they can not address at all. And MPM will alway
be great in the future. "Tomorrow everything will be wonderful", I think
not. The way they sell MPM to people is with lying. You have to tell
people they will make a lot of money and there is no selling. The truth
is you make no money at all and you have to sell this thing all day long
because no one wants it for free. They say no selling and then they give
you training on selling. The lead capture pages that are a waste of
money at $30.00 a month for all your online advertising. If there is
nothing to sell why do you need lead capture pages? When I ask Ginny
about this she told me that she had one person with a down line of over
10000 that did not pay a penny to advertise. Prove it!
In Ginny’s presentation her last words are "join for free and prove it
to your self and if I lying you can quit" 90000 did quit, they just did
not bother to log in to their back office and cancel there mall. Most
people see the truth of this and just quit.
I cancelled my Mall because I will not put my name on a lie, sorry that
is just me. I made real suggestion to Ginny that would have made MPM an
honest business by re-writing that presentation for starters but she was
not interested in telling people the real truth…you will never make
money and you have to sell, sell, sell. I hated telling people how much
they would make and that there was no selling when I know for a fact
that is a lie and it does not take long for people to figure out the
truth. Most people just don’t take the time to cancel, any one person in
my downline would shop, and no one else would respond to e-mails or
phone calls and never shopped at all. And why didn't St. Jude want MPM,
they are in deep need of money and they would have nothing to do with it
and when I asked Ginny to help, she refused. Why would she not offer to
help st. jude? Because even Ginny knows MPM is a big nothing. I just
want to let the world know that. She does not walk on water.
http://www.419legal.org/fraud/20004-my-power-mall.html
By kittles
The word behind the scenes says MPM is done ...stick a fork in it !
Too bad , it probably would have done better if they had capable people
running it! Starting at CEO and going on down. Who suffers ? The kids
who might have been reached. Why? I think it's a matter of someone's big
ego getting in the way! Even She couldn't come off as credible on this.
People have begun to notice the cracks in her thin facade. Her cheers
and rallying cries have become annoying and unbelievable to all but a
few. It's become obvious and annoying , all she really cares about are
how much you spend! Her answer to this ? It's all negativity! Get real
folks that's how the world works. Good and bad ,left and right ,
positive and negative. Ginny has turned a positive into a negative
herself! The sad part is ,she can't see it! Her "friends " don't have
the guts to tell her. And she sits on mountain tops waiting for the
universe to give her wisdom.
She's too blind to see that all these months all those she considered
negative were only messengers sent to warn her! Did she listen ? No..her
ego, pride ,whatever ,got in the way and landed her where she is now!
Sad ..but foreseeable!
By this time in next year ,MPM will only be a memory like all those
failures that preceded MPM
. Unfortunately ...There never was any l power behind MPM !
http://www.scam.com/
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