Gifts Setup
How To Set Up a Wedding Gift Registry
Cash Gifting
So the basics, what exactly is cash gifting? Cash gifting is a private activity where participants pledge a cash gift in various dollars amount to their inviters to participate within the activity. Since there is no product or service being bought or sold this type of activity is not considered to be a business and all participants are invited on a one on one atmosphere and must request access to the activity presentation. All participants are required to sign a gifting statement which basically states what ever level of gift the participant is sending is done freely and the sender expects nothing in return. Also each activity requires all participants to sign a no solicitation agreement which means they requested to participate willingly and was not sold to joining by a door to door salesman.
There are many misconceptions that cash gifting resembles a pyramid or a Ponzi scheme which are pretty inaccurate. First pyramid scheme's are illegal and typically has several levels where its members bring other members and place them in a down line and a portion of the money made is funneled to the individuals at the top. What happens is the people at the top of the pyramid make all the money and eventually somewhere the pyramids breaks an falls apart. How a cash gifting program is different is the invitation is on a one on one basis only and no other parties are involved. For example Bob invites John and John sends Bob a Cash Gift. The gift is typically one of three levels of participation $500, $1500 and $3500 so since the transaction is only between Bob and John it's impossible to form a pyramid. The second misconception is cash gifting is similar to a Ponzi scheme. Basically a Ponzi scheme is when an individual sells fictous products or services with an expectation of return on one's investment. The easiest way to understand this is by looking at Bernie Madoff. He was selling shares to investors that did not exist he would pool the funds and pay larger then expected dividends or returns so investors would invest more cash and when its time to pull the con takes the remaining funds and runs. That is why all gifting programs require each of the participants to sign a gifting statement so they understand that there is no promise of return on investment or exchange of any products or services.
Some of the advantage is most gifting opportunities operate within the IRS Tax code meaning the levels of participation are under the $12,000 cap so the recipient of the cash gift is not required to pay taxes on the gift received. The reasoning behind this is the individual is who sending the gift has already paid taxes on it once so the IRS does to not require additional taxes to be paid. Some have a fairly low cost to get started as low as $25.00 and most opportunities have some type of training program on how to attract others who maybe seeking an opportunity to increase their cash flow. The one thing that is common among all the cash gifting leaders is the amount of cash that's received on monthly, weekly or even daily basis. With the right mentorship one could really establish an unlimited income source.
There are several different types of gifting opportunities 1st the 1up program. A 1up program means to qualify you must give up your 1st person to qualify to receive cash this establish your residual cash flow source, another is the no 1up. In this activity a percentage of what ever gift you bring in goes to your inviter again this establish your residual cash flow. If you have good members who are your team they could help replace your monthly income without any additional effort on your part, either system has the advantages and disadvantages and if you where interested in either you would want to get involved with a program that has good training as well as a good mentor.
Some disadvantages just like any business or opportunity results are not guaranteed and there is no promise of mentorship or training from many gifting opportunities. However unlike Multi Level Marketing you don't have to recruit hundreds of people to generate decent amount of cash. If you can bring just a handful of people to your program the residual cash flow could be enough to replace your income.
In summary if programs like this interest you then you should do your research find one that has a top notch training system. Find a good mentor, one that is not going to be afraid to take your calls and help you get your system setup. You may never know it may be the creation of the wealth that you have always wanted. Be sure to checkout my resource box for more information concerning this or other opportunities
So the basics, what exactly is cash gifting? Cash gifting is a private activity where participants pledge a cash gift in various dollars amount to their inviters to participate within the activity. Since there is no product or service being bought or sold this type of activity is not considered to be a business and all participants are invited on a one on one atmosphere and must request access to the activity presentation. All participants are required to sign a gifting statement which basically states what ever level of gift the participant is sending is done freely and the sender expects nothing in return. Also each activity requires all participants to sign a no solicitation agreement which means they requested to participate willingly and was not sold to joining by a door to door salesman.
There are many misconceptions that cash gifting resembles a pyramid or a Ponzi scheme which are pretty inaccurate. First pyramid scheme's are illegal and typically has several levels where its members bring other members and place them in a down line and a portion of the money made is funneled to the individuals at the top. What happens is the people at the top of the pyramid make all the money and eventually somewhere the pyramids breaks an falls apart. How a cash gifting program is different is the invitation is on a one on one basis only and no other parties are involved. For example Bob invites John and John sends Bob a Cash Gift. The gift is typically one of three levels of participation $500, $1500 and $3500 so since the transaction is only between Bob and John it's impossible to form a pyramid. The second misconception is cash gifting is similar to a Ponzi scheme. Basically a Ponzi scheme is when an individual sells fictous products or services with an expectation of return on one's investment. The easiest way to understand this is by looking at Bernie Madoff. He was selling shares to investors that did not exist he would pool the funds and pay larger then expected dividends or returns so investors would invest more cash and when its time to pull the con takes the remaining funds and runs. That is why all gifting programs require each of the participants to sign a gifting statement so they understand that there is no promise of return on investment or exchange of any products or services.
Some of the advantage is most gifting opportunities operate within the IRS Tax code meaning the levels of participation are under the $12,000 cap so the recipient of the cash gift is not required to pay taxes on the gift received. The reasoning behind this is the individual is who sending the gift has already paid taxes on it once so the IRS does to not require additional taxes to be paid. Some have a fairly low cost to get started as low as $25.00 and most opportunities have some type of training program on how to attract others who maybe seeking an opportunity to increase their cash flow. The one thing that is common among all the cash gifting leaders is the amount of cash that's received on monthly, weekly or even daily basis. With the right mentorship one could really establish an unlimited income source.
There are several different types of gifting opportunities 1st the 1up program. A 1up program means to qualify you must give up your 1st person to qualify to receive cash this establish your residual cash flow source, another is the no 1up. In this activity a percentage of what ever gift you bring in goes to your inviter again this establish your residual cash flow. If you have good members who are your team they could help replace your monthly income without any additional effort on your part, either system has the advantages and disadvantages and if you where interested in either you would want to get involved with a program that has good training as well as a good mentor.
Some disadvantages just like any business or opportunity results are not guaranteed and there is no promise of mentorship or training from many gifting opportunities. However unlike Multi Level Marketing you don't have to recruit hundreds of people to generate decent amount of cash. If you can bring just a handful of people to your program the residual cash flow could be enough to replace your income.
In summary if programs like this interest you then you should do your research find one that has a top notch training system. Find a good mentor, one that is not going to be afraid to take your calls and help you get your system setup. You may never know it may be the creation of the wealth that you have always wanted. Be sure to checkout my resource box for more information concerning this or other opportunities
About the Author
If you want additional information about cash gifting or making money online in general checkout my website by going to http://www.acceleratemyincome.net
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