Business and Life

Although the concept of cash gifting has been around for many years, it has become increasingly popular over the last few years. This can make choosing the right program a bit overwhelming. Especially since most of them are very enticing. The programs share many of the same basic features, however there are some subtle to obvious differences in each one. You will have to do your research to determine whether or not cash gifting is right for you.

Here are 7 areas to consider before joining

1. Decide if cash gifting is for you

Understand that the whole concept of cash gifting is to give a declared sum of money to someone else and give it freely without coercion or consideration. You will be joining a private group of like-minded individuals who have come together to enhance and bless the lives of one another through cash gifting.

2. The question of legality

In the United States and Canada gifting is based on the constitutional right of citizens to gift property, cash, and other assets, and are subject to the rules and regulations established by the laws.
In the United States, gifting rules are found under Title 26 in the IRS Tax Code. The law states that one or more individuals can give a gift to another individual of up to $12,000 each per calendar year without any tax liability to either the giver or receiver of the gift.

3. Determine if there are differences in cash gifting, MLM, and network marketing

Unlike MLM and network marketing there are no products to sell or services to promote. There is no company or transactions involved in this activity. It is simply a private team of individuals who have agreed to come together and give cash gifts to their teammates.

4. Request more information
Once you have narrowed your selection down to a couple of choices, request a call back. This step is important because your inviter will most likely be your coach and mentor. There should be clear and open communication between the two of you. You should also have a sense of trust that this person can and will be there for you once you join.

5. Look for features of a successful program

The number one concern should be whether or not the program has a proven and tested plan for success. While you will have to do your part, the necessary resources and team support are equally important.
You will want to choose a program based upon the track record of the whole team and not just on a few of its members having achieved success.

6. Find out what other charges will be involved once you join

You will need a website and a domain name. You will also need to register with the tracking system which will keep track of all of your activities for you.

7. Decide what amount you will give

The most common gift levels are: $500, $1,500 and $3,500. They can go higher or lower depending on the program. Choose this amount based on your comfort level and budget. Once you send your gift and invite your first person, you will be qualified to start receiving gifts.

Now that you have done your homework, the final decision is up to you. You should feel confident that you can make a good choice now. The main thing is to be comfortable with whatever decision you make. Cash gifting has been a blessing to many who have found themselves in difficult situations or just wanted a better quality of life. The key to success is in joining a team that is supportive, enjoy team dynamics, and is motivated to helping you succeed. Now it’s your turn to take action.

.

Jean Smith is an entrepreneur who has been in sales and marketing for more than 20 years. To contact Jean visit http://sowandprospernow.com

Article Source: ArticlesBase.com - 7 Areas to Consider Before Joining a Cash Gifting Program