Why All The Hype About Cash Gifting?

“Cash gifting tends to generate hype. Most of the scam talk surrounds improperly structured clubs. Some dishonest people market their opportunity as cash gifting in order to ride the coattails of successful, legitimate gifting communities.” ~ Ryan Biddulph, What Is Cash Gifting?

The Hype Machine

With big money comes big hype. The videos, the claims, and the flashy ads. Yes, people do receive $10,000 a week in gifts. Yes, people do receive gifts in excess of 6 figures a year. These numbers are rightfully eye-catching.

On the flip side of the hype coin are the people who figure it must too good to be true. Throw ‘em all in jail, the little Bernie Madoff’s, as I read one site’s cash gifting review.

The subject of money tends to generate strong emotions. With these strong emotions come powerful opinions, most of which aren’t founded on the facts. This goes for both the positive and negative views of cash gifting.

Why The Scam Talk?

Some of scam talk is skepticism. Doubters can’t believe that someone would send a gift of cash to a stranger. They don’t understand the universal law of sowing and reaping so they figure cash gifting must be the latest and greatest scam.

In other cases businesses dishonestly market their opportunity as cash gifting. Some of these scams are MLM or pyramid deals. Because these illegitimate opportunities are scams does not make cash gifting a scam.

Marketing: What To Look For

Observe how a club markets itself. Any club that looks like MLM should be avoided. Groups with uplines and downlines are treading into dangerous waters. Since cash gifting is a private activity the club’s structure must be scrutinized.

A 1 Up is one possible structure that is legitimate. A mentor is like an independent contractor. After sending your first gift you become a mentor. On becoming a mentor, the first gift received passes up to your mentor then you break off. You are free to receive all future gifts. No uplines, no downlines.

Look for fact-filled websites. Unless the group offers a fact-based tour I suggest moving on to the next club. You want content, not a running advertisement.

So what is your impression of cash gifting?

- Photo flickr.com/photos/fatmandy/