I came across the EDC brand yesturday while parousing some of my favorite financial websites. It is damned interesting.
Basically everyone buys a website and advertises to sell EDC's assortment of marketing ebooks/software/audio etc. Now there are 1,000's of products in this catalogue.
The first two sales you make go to your sponsor (referral)
and you get to keep every sale from then on.
100% of the purchase.
So that means that every person you drag into the program eventually has to drag 2 more in or else they never get paid.
Its a never-ending multi-tier'd business model that is in fact pyramid in nature.
Once you give your email up to any of their man affiliate sites then you get calls and emails from your sponsor (and their sponsor). It's all very interesting to me, as I have some experience with sales and I seen everything as it is - a pitch, a rehash, a sales funnel.
It's really incredible the kind of mass marketing of the same materials that EDC does. I don't know how many more marketers the market will let breakeven. Eventually it will flood.
The calls I got reminded me of the movie "Boiler Room", all the sales talk and "act as if" stuff. That movie rocks.