Wednesday, September 14, 2005
Testimony From an alleged Former MYM Master Consultant
I am a former MCA of Y2Marketing. Y2Marketing was a real company, but it is not much more than a money making scheme for the principals and a few of their closest employees. I have been to a lot of training in my lifetime and the training Y2Marketing offers is pretty bad. The support they talk about for MCA's is also pretty weak. Although they do have a support organization, it is staffed by amateurs and pretty ineffective. The few companies I've seen use their services for things like website development are terribly disappointed with the results. Far and away most of the company's revenues come from the fees that new MCA's pay to join. To date, with over 1000 MCA's who've joined up, the company has pulled in around $40 million, if not more. Since they are privately held and do not offer any benefits, 401K plans, stock options, etc. to MCA's, most if not all of the profits go to the founders. One cannot believe a word of what they say. It's not that everything is a lie, it's just that you can't tell what is and isn't true because so much of what they say is hyperbole. Most of what they claim to be success stories is simply exaggerated and in some cases probably made up. The claims they make of all the money that MCA's make in their first 12 months is total nonsense. Is it possible to make that much? Sure it is if you get incredibly lucky. Do some make good six-figure incomes? Yes - a very select few. I was one of the few, but gave up because of the ethics of the people at the top. For example, Ed Earle is famous for saying "Fake it until you make it." No kidding. He really believes that is a motto that people should adhere to. To anyone with any business ethics, real-world experience, or with a conscience, it sounds ludicrous. Ed Earle just doesn't get it and likely never will. By far most of the people who signed up and deposited $35K or $40K are either new and don't know better yet; are struggling to justify their investment of time, energy and money; or they've just given up and moved on to other things. The company has NEVER published the names or statistics to back these claims up and they won't because that would either expose the truth, or if they made up numbers it would expose them to litigation. Are there client successes? I've heard of some but I have never seen real, verifiable references given out. They say that references are not handed out because it prevents their clients from being baraged by calls but that simply does not ring true. References are a very common aspect of business and even the highest profile, established companies provide them. Not only that, but satisfied clients would usually be delighted to serve as a reference. The bottom line is that if you are even thinking about becoming an MCA, save your money and do something else. You will be financially further ahead and with less stress.
I am a former MCA of Y2Marketing. Y2Marketing was a real company, but it is not much more than a money making scheme for the principals and a few of their closest employees. I have been to a lot of training in my lifetime and the training Y2Marketing offers is pretty bad. The support they talk about for MCA's is also pretty weak. Although they do have a support organization, it is staffed by amateurs and pretty ineffective. The few companies I've seen use their services for things like website development are terribly disappointed with the results. Far and away most of the company's revenues come from the fees that new MCA's pay to join. To date, with over 1000 MCA's who've joined up, the company has pulled in around $40 million, if not more. Since they are privately held and do not offer any benefits, 401K plans, stock options, etc. to MCA's, most if not all of the profits go to the founders. One cannot believe a word of what they say. It's not that everything is a lie, it's just that you can't tell what is and isn't true because so much of what they say is hyperbole. Most of what they claim to be success stories is simply exaggerated and in some cases probably made up. The claims they make of all the money that MCA's make in their first 12 months is total nonsense. Is it possible to make that much? Sure it is if you get incredibly lucky. Do some make good six-figure incomes? Yes - a very select few. I was one of the few, but gave up because of the ethics of the people at the top. For example, Ed Earle is famous for saying "Fake it until you make it." No kidding. He really believes that is a motto that people should adhere to. To anyone with any business ethics, real-world experience, or with a conscience, it sounds ludicrous. Ed Earle just doesn't get it and likely never will. By far most of the people who signed up and deposited $35K or $40K are either new and don't know better yet; are struggling to justify their investment of time, energy and money; or they've just given up and moved on to other things. The company has NEVER published the names or statistics to back these claims up and they won't because that would either expose the truth, or if they made up numbers it would expose them to litigation. Are there client successes? I've heard of some but I have never seen real, verifiable references given out. They say that references are not handed out because it prevents their clients from being baraged by calls but that simply does not ring true. References are a very common aspect of business and even the highest profile, established companies provide them. Not only that, but satisfied clients would usually be delighted to serve as a reference. The bottom line is that if you are even thinking about becoming an MCA, save your money and do something else. You will be financially further ahead and with less stress.
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