Here are some Business Models where I predicted failure More Than a Year In Advance because of the Red Flags.
In the case of Wake-Up-Now, here is some intersting information published in the local Utah news outlet heraldextra.com, business section:
There will always be those who claim the reason for failure was the CEO or the CFO, or some secret decisions behind the scenes. But here is the heart of failure in this industry.
“WakeUpNow created a sense of extraordinary excitement and hope among those people, that they would find wealth and create success through that company—even though the company itself had disclosed that 96 percent of the people in it never made any money at all,” FitzPatrick said.
“It flashed -- it was the hottest thing. It attracted a huge number of people from other MLM's,” he said. “But soon enough, reality sets in and they crash.”
So what is the real reason for failure? Excitement will Never Replace a Solid Business Model with something that the folks Need and Want, and with a Solid System to deliver.
In the case of LivitUp they are even up front about it. They readily admit that the majority of folks coming in will be distributors...an Amazing admission considering the new F.T.C. Rules just announced.
Folks, the landscape is riddled with the carcass' of these types of companies.
But the sad part is all the distributors who invested Money, Time and a Lot of Effort to try and improve their lives.
I'll say it again, you need to evaluate a business with the criteria listed in vEvaluation.com before you jump in.