- 109
It's a good con but I could have made it much better:
1) $30 sign-up fee and announce that only the 1st 10,000 agents who sign up are in the program - then it closes. However, only you know how many have signed up - so you just collect forever.
2) Annouce that it's months away right off the bat. Then you can collect fees for months without anyone getting pissed.
3) State upfront that nothing has been filed with the DOI yet - but will after the investor and insurance company have confirmation that they have 10,000 agents to sell it. State that for obvious reasons the investors won't commit until they see a certain number of agents who are onboard.
4) Sign up recruiters for a $100 fee. Then give the recuriter $10 flat for each agent they bring in. Each agent pays you $30, then you cut an immediate check for $10 to the recruiter. Now people are going NUTS recruiting people since if you get 500 agents to sign up you've made $5,000
5) 4 or 5 months later I've netted $20 per agent and now announce that due to unforseens circumstances this will be delayed another year.
John,
Have you thought of a name for the product? I want to be the first on craigslist with an ad. and i want to buy a domain name.