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Re: If you SERIOUSLY want a homebased business, READ THIS Feb 6, 2008 8:45 PM

in response to:
rockamore1
Retiring at 23 . . . one has to admire your ambition! Being the pragmatist I sometimes am, I had to run the numbers. For someone to stop working at age 23 and live out his or her life (all alone, no dependents) at what the federal government defines as poverty level, the person would need to make, save, and intelligently invest about $38,000 every month between age 18 and 23. (Of course, if the desire was to someday have children or live above the poverty line, it would take more.)
Looking at the commission structure for this business, it appears that this mandate would require you to personally recruit an average of 215 new travel agents every single day, which in five years would yield a downline sales force nearly 400,000 new travel agents (keeping in mind that there are barely 100,000 travel agents in the entire U.S. now, and about 87,000 of them are employed by reservations offices and tour operators). Assuming each of your new independent agents got his or her fair share of the $7 trillion market and the commissions paid on sales, they would earn about $798 a year.
It's just a thought, but maybe the 45 people who walked away from your offer were not all that keen on working for $798 a year so you could retire at age 23. Still, as the song in
South Pacific says, "you gotta have a dream . . . or how you gonna have a dream come true?" I wish you the best!