Post by "Pop" Stran on May 22, 2006 2:06:08 GMT -5
Created and Owned by one of the top-shelf marketers online, the NoteNetwork offers a big-promises opportunity to learn the real estate notes business from a master.
Starting with an "Educational kit" containing a few CDs and a couple of books (for the ripe price of over $200!), new "students" are promised thousands and thousands of dollars in profit from every note deal you can close.
The sales-hype page offers loads of testimonials from students who made piles of fast cash...but this is the bait to make you buy the starter kit...
You are then called by semi-professional salesmen who attempt to threaten you into joining the "President's Club" upgrade (starting at $3,000!), in order to receive "personal" coaching from the masters of the Notenetwork sales force.
The threat used to con you into buying this upgrade is the "fact" that "The average student attempting to go it alone will take up to ten months to close his first note deal. If you can wait 10 months to see any money from your new notes business, then fine...go ahead and try to do it yourself."
I got 3 such calls.
The first was a male caller who tried to use juvenile pressure tactics to get his way...and when I told him I was at work and didn't have the time to listen to a sales call at the moment, he became huffy and defensive.
The second caller, also male, started with a poor attitude, and actually hung up on me within 45 seconds...by far the most un-professional sales trainee I've talked to in some time.
The third to make this same sales call was a woman.
She was both professional and grounded; Responding to my questions and comments with intelligence and a thourough knowledge of the product, she managed to maintain her composure throuout the entire (wasted) 4 minutes.
I appreciated dealing with a pro, and acknowledge that I'm a "hard sell" prospect, to say the least...
20 years in cold-call sales has left me a little bitter, and I enjoy the occasional distraction of pushing salespeople into the fire now and then.
All three callers opened with the classic Sales- call trigger,"How are you doing today?" which is the equivalent of waving a big "Gimme Some Money" flag in my face...You know immediately that they're selling something, and that line is part of a required script...and when I hear that line, I can actually hear a large door slamming in my head.
If he had a chance to sell me before dialing my number...That chance died when he identified him(her)self as a salesperson with the classic amatuer's "ice-breaker" opening.
To date, I've looked at about half of the materials provided in the Starter kit, and I'm still all goose-bumpy from the loads of hype packed within.
The main focus thoughout book 1 is the Piles of easy cash waiting to be made from notes...and not much in the way of useful or educational information.
Frankly, it feels more like another very long sales letter, but this time for the note network, and for the notes business...
Progress updates will follow his post.
First impressions:
The "educational materials" are a bit over-priced at $200+, but the monthly payments deal is a good hook...if the fee had to be paid upfront, I wouldn't have chosen this one for the testing.
The automatic and immediate "upgrade" push is a classic among scams, and I'm immediately cautious upon seeing this trait...but once the call was accepted and listened to, it hasn't yet been repeated.
Their sales tactics need a make-over.
Too much hype and cheap psychological tactics make the salespeople come off as desperate and/or inexperienced...I appreciate honesty, sincerity, and a genuine interest in my objections, and will only hand over payment to a sales-caller who can manage to show (or at least fake) these traits.
Bottom Line:
Note network appears legit thus far, and will receive that status officially when I close my first note deal.
Launched a mid-level marketing plan around the business, and an offline referral-leads program as well to get the ball rolling...
Watch for the updates.
Starting with an "Educational kit" containing a few CDs and a couple of books (for the ripe price of over $200!), new "students" are promised thousands and thousands of dollars in profit from every note deal you can close.
The sales-hype page offers loads of testimonials from students who made piles of fast cash...but this is the bait to make you buy the starter kit...
You are then called by semi-professional salesmen who attempt to threaten you into joining the "President's Club" upgrade (starting at $3,000!), in order to receive "personal" coaching from the masters of the Notenetwork sales force.
The threat used to con you into buying this upgrade is the "fact" that "The average student attempting to go it alone will take up to ten months to close his first note deal. If you can wait 10 months to see any money from your new notes business, then fine...go ahead and try to do it yourself."
I got 3 such calls.
The first was a male caller who tried to use juvenile pressure tactics to get his way...and when I told him I was at work and didn't have the time to listen to a sales call at the moment, he became huffy and defensive.
The second caller, also male, started with a poor attitude, and actually hung up on me within 45 seconds...by far the most un-professional sales trainee I've talked to in some time.
The third to make this same sales call was a woman.
She was both professional and grounded; Responding to my questions and comments with intelligence and a thourough knowledge of the product, she managed to maintain her composure throuout the entire (wasted) 4 minutes.
I appreciated dealing with a pro, and acknowledge that I'm a "hard sell" prospect, to say the least...
20 years in cold-call sales has left me a little bitter, and I enjoy the occasional distraction of pushing salespeople into the fire now and then.
All three callers opened with the classic Sales- call trigger,"How are you doing today?" which is the equivalent of waving a big "Gimme Some Money" flag in my face...You know immediately that they're selling something, and that line is part of a required script...and when I hear that line, I can actually hear a large door slamming in my head.
If he had a chance to sell me before dialing my number...That chance died when he identified him(her)self as a salesperson with the classic amatuer's "ice-breaker" opening.
To date, I've looked at about half of the materials provided in the Starter kit, and I'm still all goose-bumpy from the loads of hype packed within.
The main focus thoughout book 1 is the Piles of easy cash waiting to be made from notes...and not much in the way of useful or educational information.
Frankly, it feels more like another very long sales letter, but this time for the note network, and for the notes business...
Progress updates will follow his post.
First impressions:
The "educational materials" are a bit over-priced at $200+, but the monthly payments deal is a good hook...if the fee had to be paid upfront, I wouldn't have chosen this one for the testing.
The automatic and immediate "upgrade" push is a classic among scams, and I'm immediately cautious upon seeing this trait...but once the call was accepted and listened to, it hasn't yet been repeated.
Their sales tactics need a make-over.
Too much hype and cheap psychological tactics make the salespeople come off as desperate and/or inexperienced...I appreciate honesty, sincerity, and a genuine interest in my objections, and will only hand over payment to a sales-caller who can manage to show (or at least fake) these traits.
Bottom Line:
Note network appears legit thus far, and will receive that status officially when I close my first note deal.
Launched a mid-level marketing plan around the business, and an offline referral-leads program as well to get the ball rolling...
Watch for the updates.