Who wants to get rich?!? (It might be a little shady, but hear me out...)

All day long at my business, I get to hear dozens of the same radio advertisements over and over and over. For at least half of them, I have noticed a recurring theme. Whether it's diet pills, erectile dysfunction treatment, skin cream, beauty products... it really makes no difference. They all have a recurring theme, and that is to get the consumer to try a "100% risk-free trial".
I figured there had to be some kind of catch, because as you all know, nothing is free in this world. You can't give away free products and succeed as a business. Anyone with half a brain knows that. Apparently, the demographics people at these companies have realized that there are a lot of Americans without half a brain.
Here's how it works.
1. Come up with a product that a lot of people could theoretically use. We're all relatively fat, ugly, self conscious, or strapped for cash, so go in that direction.
2. Make outrageous claims about your product. You'll lose 100 lbs, or regrow all your hair, or be blemish free, etc.
3. Make people an offer on the surface they can't refuse! 100% RISK FREE TRIAL!!!*
4. Tell them for their risk free offer, they need to pay a minimal "shipping fee". Something less than $10.
5. Now that you have their credit card information, make ambiguity laced comments, which make them legally agree to trying your product for a pre-determined amount of time. Usually around 14 days. After that 14 day period, if they don't cancel their "risk free trial", they get charged just $79.99 every month moving forward. The trick is to make sure you bury that information deep enough to where they don't hear or read it.
6. Make sure it's really complex and complicated to cancel their risk free trial. A good way to start, is with a phone number that doesn't actually have anyone on the other end. Usually a good confusing message with where to send the product, with some return number is a good start. Make sure people think to themselves "Good God this is hard and confusing"
7. Hire a really good lawyer. Because there is a pretty good chance you are going to get sued, be it in small claims, or in a class action suit.
8. Lastly, spend your new mountain of money!
So, who is in?!?
 

sweatervest13

Active Member
When I was in banking a few years ago, I saw this system at work all the time. You outlined it well. And you hit the nail right on the head. the model is to make a large cumbersome system that takes time and patience (and some intelligence) to navigate through. You can have the fees charged to credit cards (but not a lot of the low hanging fruit have CCs), or you can have them agree to an auto-debit from their bank account. Anyone getting government assistance is usually required to get direct deposit of their check into a bank or credit union. It is pretty easy to have the Debit ACH hit the account within days of the 1st or 3rd (the date for SS, SSI, SS disability, and veteran affairs payment). All banks clear transactions in the same order: deposits are credited first then any debits in order from largest to smallest. The customer then has access to whatever is left in the account. They cannot control the debits from coming out unless they jump through a bunch of hoops with the bank (even then it is still very hard to stop it).
Insurance companies work kind of in the same way. Deny all/most claims and put the onus on the customer to prove that it was a legitimate claim. Some will go through the trouble of proving that it was legit, but some won't. Then sit back and see the money roll in. On top of that, Insurance companies pass every additional expense they incur directly to the customer (why do you think that the premiums go up every single year). Their profit margins never change.
I guess what I am saying is... I'm in!!!
 

reefraff

Active Member
Quote:
Originally Posted by TheClemsonKid http:///t/395443/who-wants-to-get-rich-it-might-be-a-little-shady-but-hear-me-out#post_3520667
All day long at my business, I get to hear dozens of the same radio advertisements over and over and over. For at least half of them, I have noticed a recurring theme. Whether it's diet pills, erectile dysfunction treatment, skin cream, beauty products... it really makes no difference. They all have a recurring theme, and that is to get the consumer to try a "100% risk-free trial".
I figured there had to be some kind of catch, because as you all know, nothing is free in this world. You can't give away free products and succeed as a business. Anyone with half a brain knows that. Apparently, the demographics people at these companies have realized that there are a lot of Americans without half a brain.
Here's how it works.
1. Come up with a product that a lot of people could theoretically use. We're all relatively fat, ugly, self conscious, or strapped for cash, so go in that direction.
2. Make outrageous claims about your product. You'll lose 100 lbs, or regrow all your hair, or be blemish free, etc.
3. Make people an offer on the surface they can't refuse! 100% RISK FREE TRIAL!!!*
4. Tell them for their risk free offer, they need to pay a minimal "shipping fee". Something less than $10.
5. Now that you have their credit card information, make ambiguity laced comments, which make them legally agree to trying your product for a pre-determined amount of time. Usually around 14 days. After that 14 day period, if they don't cancel their "risk free trial", they get charged just $79.99 every month moving forward. The trick is to make sure you bury that information deep enough to where they don't hear or read it.
6. Make sure it's really complex and complicated to cancel their risk free trial. A good way to start, is with a phone number that doesn't actually have anyone on the other end. Usually a good confusing message with where to send the product, with some return number is a good start. Make sure people think to themselves "Good God this is hard and confusing"
7. Hire a really good lawyer. Because there is a pretty good chance you are going to get sued, be it in small claims, or in a class action suit.
8. Lastly, spend your new mountain of money!
So, who is in?!?
This is actually an old scam. You sign up for a "free" whatever and you are automatically signed up for "A free trial" of something. FreeCreditScore dot com is an example of that.
 

snakeblitz33

Well-Known Member
I'm In... I'll handle the telephones, Crimzy can handle the lawyer stuff. Darth tang can handle customer relations, Mr. Limpid - you can go on TV to discuss all those incredible offers... Clemson can have a 30% finders fee.
So, what is our product?
 

darthtang aw

Active Member
I'm In... I'll handle the telephones, Crimzy can handle the lawyer stuff. Darth tang can handle customer relations, Mr. Limpid - you can go on TV to discuss all those incredible offers... Clemson can have a 30% finders fee.
So, what is our product?
30% finders fee? Wtf? That leaves 70% to be divided four ways. With those doing the bulk of the work getting the least. I want to renegotiate this partnership
Darth (better be a stock package in my deal) Tang
 

snakeblitz33

Well-Known Member
Lol. I was wondering when you would chime in.
He gets paid the most because he is the fall guy. When he's arrested for fraud, that money will pay off some government bureaucrats to get him off scott free.
 

darthtang aw

Active Member
Lol. I was wondering when you would chime in.
He gets paid the most because he is the fall guy. When he's arrested for fraud, that money will pay off some government bureaucrats to get him off scott free.
If he is the fall guy, shouldn't he be allowed to fall? besides, Clemson says CEO's are paid to much anyway. I say we reduce his cut to 5% with stock options, as well as bonuses based solely off profit margins. We can through in the occasional private jet trip to Vegas.
 
Quote:
Originally Posted by Darthtang AW http:///t/395443/who-wants-to-get-rich-it-might-be-a-little-shady-but-hear-me-out#post_3520854
If he is the fall guy, shouldn't he be allowed to fall? besides, Clemson says CEO's are paid to much anyway. I say we reduce his cut to 5% with stock options, as well as bonuses based solely off profit margins. We can through in the occasional private jet trip to Vegas.
Well, I figure with out collective brain power, a $100 million product shouldn't be out of the question. So i'll happily take $5 million with stock options. Which I would promptly lose on the private jet trip to Vegas...
 
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