
Platinum One Destinations Standing Tall in the Wake of the YTB (Your Travel Biz.com, Inc.) Shake UpSafety Harbor, FL (PressExposure) August 16, 2008 -- For those currently operating an online travel home based business, or considering starting one, questions are flying and brewing in the wake of the $25 million dollar lawsuit filed on August 5, 2008 against YTB (Your Travel Biz). This week, the LA Times reported that the Attorney General for the State of California filed a $25 million dollar lawsuit against YTB for being an illegal pyramid scheme. YTB offers distributors individual travel agent status, which then provides access to travel agent perks, such as FAM (familiarization trips exclusive to travel agents), and commissions on travel booked on the YTB website. Distributors also earn commissions from recruiting others. In November, 2007, Royal Carribean black-listed YTB from booking cruises and other major cruiselines followed suit. To make matters worse, the LA Times article reported that YTB recently just lost its IATAN (International Airlines Travel Agent Network) accreditation. Possibly in response to knowing this was about to take place, YTB recently announced that it is unveiling its new franchise "remodeling" for its distributors at their annual convention this month. The LA Times also reported that based on its previous and current model, the company had close to 200,000 distributors, no-one was selling any travel, and 62% of distributors weren't making any money at all. So what is a distributor currently in a travel home based business supposed to make of all this? Or, what does someone who is looking to start one choose to do in light of this information? The fact is that travel is a $7 trillion dollar industry, - meaning that every minute $14 million dollars is being spent. Its a fun, easy product to sell. In no way should this event deter potential home-based travel entrepreneurs. The best thing to do is to ask the right questions when considering starting a travel business, and if you are already in one, take a look at the company structure and ensure that certain key elements are present that satisfy the travel industry, and the attorney general requirements to be considered a "legitimate" direct sales company. Here are some key facts about Platinum One Destinations that make it a safe and solid choice in light of the recent developments in the industry. • P1D pays out 60% on average of profits earned back to distributors. So if the company is making money - the distributors are actually making more.
The fact that people didn't make money with YTB is not that shocking - given that most new businesses - 3 out of 5 actually - fail - whether they be traditional brick and mortar, or MLM. It's a known fact that network marketing has an attrition rate that is comparable to the standard business failure statistic - at about 80%...
The main reason that most people in any business fail is that for many, it can be scary at first to be self employed. Most people are programmed to work and receive a paycheck, and building a successful business takes time and years. It takes a tremendous amount of personal courage, determination, self discipline, and motivation to step outside of the norm and create a life by design despite events like the one this week against YTB. Statistics show that the most millionaires to be made in America in the coming years will be mostly from direct sales opportunities - NOT a possibility for many climbing a corporate ladder - the millionaires in corporate America are reserved for the CEO's and shareholders only. For the YTB distributors and their families, this is a time for reflection and decision-making in light of these events. While the outcome of the YTB lawsuit is uncertain, what is certain is that those YTB distributors who choose not to let these events deter them in their pursuit of personal and financial freedom - will survive - and thrive. Platinum One Destinations may just be the safe alternative they are seeking at this time. About Platinum One Destinations Press Release Source: http://PressExposure.com/PR/Platinum_One_Destinations.html Press Release Submitted On: August 16 08:56:20, 2008 | |||
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