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The Evolution of Cash Gifting Programs

rsnavasca@earthlink.

By Ronnie Navasca Category: 0

Submit your Articles Here!

rsnavasca@earthlink.net.

Best regards

Ronnie Navasca
http://cashmighty.com

The Evolution of Cash Gifting Programs
With the online success of different cash gifting programs,
critics have been hurling left and right comments to
discredit online cash gifting. Cash Gifting has been
improperly labeled as unethical, a scam, or in some cases
illegal, none of which are true! So let us learn more on
this money generating opportunity!

What is Cash Gifting?

Let us look at the definition first:

Cash gifting is just what it sounds like it is. A person
sends a cash gift to another person so that the other one
too can commence to receive cash gifts. The next logical
question: how can you send someone money? And in the answer
is quite simple: in the same manner you can give someone a
check on a special occasion like Christmas, or cash in a
card as a present.

"Cash Gifting" is the act of privately or publicly giving
another person or an entity a declared sum of cash (as a
gift with no strings attached) and to give it freely
without coerce or consideration. Cash Gifting is not a loan
or a payment for goods or services. The amount has NO
bearing, although to be tax exempt it must be no more than
$12,000. Per IRS Tax Code Title 29 and Publication 950,
effective January 1, 2006, any one person can give/receive
up to $12,000 within 1 calendar year tax free (per IRS
guidelines)

Example: When Grandma gives her grandkids $1000 cash as a
graduation gift, or when you open a birthday card to reveal
some money.....Also common at weddings! This is Cash
gifting!

So How Does it Work?

Generally you will need to join a program where you can
gift another person to join. Many also require some sort of
membership fee. Since there are many programs, most of
which typically fail out there, you want to find one with a
great system in place to make sure everyone wins. This
costs money, so expect some sort of fee.

Once you "join" you will then be eligible to receive gifts
from the members you enroll.

How Do I Join a Program?

First, most programs will need you to cash gift someone in
order to enroll. This can be anywhere from $1 to $20,000.
All have their advantages.

You will need an enrollment number, reference, code or
member ID number. A good cash gifting program will be very
strict about this (a side note: NEVER join a program that
will just let you join without a code or reference # Why?
Because that means they do not protect their members! If
they don't protect you, then they can STEAL your
enrollments!) Also, expect to pay a fee to the company or
person(s) that monitors it. (Most programs will require a
monthly fee of $50.00 or less, which will generate a
member ID number and website for you at the time you
register and will track all your payments as well as all
cash gifts given and received from each individual)

Why Do some Cash Giving Programs Fail?

First of all, they did not have any idea how to properly
set up a cash gifting program. If there is no system in
place to keep track of payments, or no documents created
and used to outline the transfer of cash gifts from one
person to another (that also protect you legally), or no
tested and proven system of marketing and advertising in
place that actually worked, then the system would
ultimately fail.

So WHAT is the Best Program?

One that WORKS! We know that seems obvious, but many do not
work, or they will have you spending THOUSANDS with little
or no results.

Depending on your starting budget, and how quick you need
an income will determine the level of success. The slower
programs can make you nearly just as much for less money
upfront, only at a much slower pace (typically months
compared to weeks).

Should I Borrow Money To Join a Gifting Program?

Believe it or not, most people join gifting programs out of
desperation. One way or another they NEED money, and some
need it quick. Most of these people had to borrow the money
to join. Whether it was a second mortgage, asking friends
drawing from a credit card or taking out a loan. The
advantage to doing this, is you'll most likely take it more
seriously since the money needs to be repaid. As long as
you know the additional costs (the cost to have access to
the website and back office, this is a viable option.
Remember, you'll probably need the loan at least 90 days,
so avoid asking someone for a 2 week or even month long
loan.

----------------------------------------------------
Ronnie Navasca is a successful internet marketer and
home-based business owner. Since 2004, Ronnie has
overpowered the art of internet marketing by learning
through his mistakes and by promoting numerous misguided
business opportunities in the past. He is also a member of
an elite cash gifting program, The Overnight Cash System.
Visit http://www.cashmighty.com to learn more about cash
gifting.

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