BurnLounge
has got to be one of the most interesting
MLM opportunities out there right now.
The company has combined a way to make money
with the overwhelming trend of downloading
music online.
If you sign up with BurnLounge you get
your own website that you can promote to
friends, relatives, and through social
network sites. This website allows you
to sell a variety of single tracks and
albums for which you earn a small
commission.
The company has been extremely popular
and has grown to have a significant
membership. Yet, recently there is a
backlash against the company with many
people alleging that it's a BurnLounge Scam.
Much of the outrage stems from
disappointed customers and the pending FTC
lawsuit, claiming that BurnLounge is an
illegal pyramid scheme. These
allegations come about when an MLM company
is said to be focusing more on recruiting
new members than product distribution.
In the case of BurnLounge it is their
commissions and payouts that point to this
situation. For instance it has been
reported that for the sale of a full album a
distributor gets around .50 cents. On
the other hand for the recruitment of two
new members they get a bonus of $50.
Thus, with BurnLounge subscription fees
ranging between $15-$500, low commission
rates, and the fact that distributors are
competing with music giants like iTunes the
assumption is that the only way to recoup
and make money is by recruiting more
members.
The ethics and legality of BurnLounge
have been heatedly contested over the net,
with two camps taking sides. Those
that are in the program and claim to be
making more money from music sales and those
that are former customers and have a wide
range of complaints.
On top of the pyramid scheme complaints
there are also reports of a wide number of
technical errors that have caused members to
lose money and quit BurnLounge. Then
there's also the folks that simply have not
made any money from the opportunity.
Overall, BurnLounge has tapped into a
really unique business concept.
However, people need to know that due to the
extreme competition level of the music
industry you will be forced to sell
primarily to your warm market i.e. friends
and family. Also I would hold of
joining until the results of the FTC case
come out.
If you're interested in learning about a
simple way to add to your income stream and
virtually create a second paycheck using
proven online methods you should
Check It Out Here.
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