World Limited Partnership Program
Warning: This program appears to have disappeared online and may be a scam. Members have reported of not getting paid and no communication from the admin.
Worldlpp.com has been around since 2005 and are led by what appears to be reputable people. They have a unique concept for those that want to invest a little money for a share in the profits of the business ventures they initiate. In real world business operations, one must realize that any returns on investment could take a while. This investment is not for those that have little patience. It may take a long period of time to break even or to see a return just for the fact that some of the ventures have to be built from the ground up… start to finish. As in all new business startups, there is the risk of failure in the first few critical years.
In this program, one can make money as an affiliate or choose to participate in the pools once one is comfortable with a proposal that is presented. Once a person becomes a part owner (limited partner), he will receive dividends per the number of the shares or units invested for life; as long as the business or venture is profitable. The cost per unit is usually around 50USD. Affordable for the small investors to participate.
To date, two ventures have been started. Vivamin.com, a vitamin online sales site and ItConsultinglive.com which is an IT outsourcing business. Returns on invested monies have been reported to be minimal by those that have participated. Since the inception of the two ventures, it should be noted that only ITConsultingLive has shown to have some growth and profit. There are several other ventures currently in the works and have either been launched or in the process of.
Worldlpp.com is worth taking a closer look at, but only for those that have a long term strategy and can have funds tied up. Here are snippets from their website.
We are a consortium of business and marketing experts who are tired of watching the scammers take away your hard earned money by promoting worthless mlm’s. So we decided to take the bull by the horns and show people that money can still be made on the internet and honestly. When you get your very first venture pool email, we will be sure to show you EXACTLY who we are and how to contact us (even by phone). Once again, you will pay nothing until you are totally satisfied with every aspect of our program.
LPP stands for a Limited Partnership Program that will be used to form venture capital pools. Mlm’s are now ineffective as evidenced by the profound lack of enthusiasm that they generate when they hit the internet. They are obsolete in structure, methodology, and results.
So what’s next and how do you earn money now? With Limited Partnership Programs that form venture capital pools and purchase actual revenue producing companies, franchises, and websites. That’s right – we (the both of us) will be buying profitable companies outright, and sharing those profits for life as we build them up.
The concept is actually very simple – yet quite profound and profitable. It will enable you to earn commissions now, and to receive residual income for the rest of your life.
YOU CAN EARN COMMISSIONS, VENTURE POOL PROFITS, AND GROUP PROFITS FOR THE REST OF YOUR LIFE!!! AND YOU WILL ACTUALLY BE PART OWNER OF THESE COMPANIES FOR LIFE!!
Plus all pool members will also be part of the 49% ownership group i.e. you will OWN a percentage of ALL of our acquisitions. ALSO – all non-pool members who remain active will be part of our 10% Group Profits pool where you will split 10% of all profits even if you never join a pool. All totally free just for being a free member of our community. You will never pay anything until YOU want to.
Do you have any guarantees?
“Most definitely and probably the best in the industry. We are so sure of our program that, should you pay into any venture pool and it does not perform well, we will fully return your venture pool contribution. We feel that the only concern you should ever have is how much you will make, and not whether you will lose any money. We will return 100% of your funds up until the end of the month that you paid. And up to 6 months after that, if the venture does not perform well, since we do pay commissions out and they are non-returnable, we will deduct 25% of your total spend and refund 75%. However, after 6 months we will not issue refunds but we will replace the venture with something better that you do not have to pay for again.”
For complete information, visit www.worldlpp.com and read the FAQs.
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July 9th, 2008 05:47
They seem to have taken the money and run.. No word out of them since 2-08 no replies to emails or any kind of conact..
I even contacted the companies we are suposed to own pat of and did not get a satisfactory responce..
Seems they turned out to be crooks after all..
Sad no one honest on the net at all..
Disgruntled partner #7006
July 9th, 2008 05:49
I have requested replies and refunds or new venture pools since nothing is performing.. They do notstand up to their word..
Stay away and never trust them again.
7006