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My Bookwise adventure has been put on hold for now. The reason? They are currently still trying to get the details for each book on the websites and the 1.5 million titles aren’t there yet. Should be by the end of January.
For the past week or so I have been in email contact with a very nice lady who is an associate of Bookwise. I haven’t joined yet because I still have questions, which she is answering quite exhaustively. If you don’t know what Bookwise is I’ll give you what I know. This is not meant to be a sales pitch just general information.
Bookwise is a network marketing company pure and simple. Now that may turn you off immediately and if it does i apologize. I have been involved, known people involved, or studied nearly every network marketing company in existence. I know that it is one of the best ways to get a product to market cheaply and efficiently. The problem with most is that the products being marketed wouldn’t sale on a Wal-Mart 1/2 off shelf. That’s the sad part. The other sad part is that people join without knowing what is involved and then see their dreams wiped away by their downline either not performing or dropping out. So when I took a look at BookWise this is what I found.
They sell books. They claim 1.5 million titles (books, cds,dvds,and games) total. Each associate recieves their own online bookstore from which they can purchase at discounted prices and can resell or people can sign up and buy from them on their site. The prices are high compared to the biggies Amazon.com and BarnesandNoble.com but not by that much. All MLMs have higher prices in order to cover commissions and profits. See, the truth is that MLMs aren’t as much about selling product as they are about associates buying product, so they can have higher prices and still move products. See why starting an MLM is smart?
Now Bookwise does have a great product. There were over $25 billion in book sales in the US last year alone. That’s a huge pie and Bookwise wants a piece. The fact that they have a great product does set them apart from most other companies.
The thing that impresses me about Bookwise is the compensation plan. It’s as if they went to all the MLM companies, found out what people hated about them, and then did the opposite. Actually I think that’s what they did.
In most MLMs you HAVE to sponsor people in order to qualify for commissions. In Bookwise you do not.
In most MLMs your qualification through different levels is dependent upon sponsoring and group volume sales. In Bookwise it is not.
In Bookwise, once you sign up and make your $39.95 per month qualifying purchase, you are in and qualified through 8 levels for commissions. How do you get people to sign up if you don’t sponsor you may ask? Your upline sponsors for you and places people under you in order to build their downline. Just keep paying $39.95 per month and you’re good to go!
If and when I get in I will definitely sponsor people. That’s the real way to build fast. Plus, I get matching commissions on everyone I sign up. For instance, let’s say that I sign up 3 good people who start collecting $500 per month in commission checks, i will get matching commissions for each one totaling $1500 every month plus my regular commissions. Now for anyone who has done MLM you know you can’t beat that.
That’s about it for Bookwise. If you’ve ever been in MLM before and know the ropes you should check it out. They blow eveeryone else out of the water with the commission plan.
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