Wahm Scam

This blog is meant to help you determine which work at home job or program is for you. I am not making any determinations on whether or not a particular program is a scam. I am simply giving you the information to make that call for yourself.

Tuesday, March 28, 2006

Internet Speedway

From what I have been able to tell, Internet Speedway is a company that will set you up with an online store for a monthly fee. 
The first thing to take into consideration is that there are a lot of companys you can find online who will allow you to do the same thing but for free. 
The second thing to consider is that these types of stores are all over the place so you will have some pretty tough competition.  With most of the online store programs I have seen you do get some pretty good wholesale prices for your products.  What I have heard with Internet Speedway though is that they charge you the same price that you could purchase from Overstock for. 
The way it is supposed to work is that you pay a fee, Internet Speedway sets up a website for you and then you promote the website and sell products.  If someone visits your site and buys a coat for $100 and your cost for the coat is $25 then you make a $75 profit. 
My concern with Internet Speedway besides what I stated above is that I can't find anyone who has been happy with their program.
Apparently they have radio ads running that claim they will send you a free informational cd.  When people call to get the free cd they are told there is a shipping and handling charge of $9.99.  Some people have been persistant and demanded the free cd and have been told it will take up to 6 weeks to recieve but if they pay the $9.99 they will have it in a couple of days!  Give me a break...
Here is the real kicker.. a few months after getting the cd most people are starting to see a monthly charge of $69.99 on their cards!  So they call and then find out that apparently the cd was a free trial and since they didn't cancel they now owe this $69.95 for the next 5 months or so.  When they try to get the company to cancel they are told that if they don't pay they will be turned over to collections!  You can read all about these experiences here:  Internet Speedway thread
I would be very cautious about joining this program.
 
 
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