1. Where does the source of income come from to pay the commission to its members?
- Worldventures collect commissions through the booking engine Rovia
Just like Expedia/ Agoda/ Travelocity/ Priceline etc, the Rovia engine gets paid commissions from the suppliers such as Airlines, Hotels, Cruises, Car rentals for bookings made.
However, being a Worldventures member, we get to earn part of these commissions made through our Rovia booking site ; paid to us in the form of Rovia Bucks, which we can then use for future bookings on our site (1 Rovia Buck = 1 US$).
As representatives of Worldventures, we are given 1 Rovia buck for every air ticket purchased. This is so, as margins for air flights are very low. (In ST, one of the local travel agents commented that the reason they charge a service fee for air ticket bookings made with credit card is because margin could be only $10 or less per ticket sold).
Worldventures do follow the market rate for hotels, cruises, car rentals, travel insurance depending on the deal payout by the suppliers, it could range from 7%-10% of the billed amount ; of which, Rovia passes on 50% of what they earn to us in the form of Rovia Bucks. (when we book using Rovia Bucks, it goes back to the company – that’s revenue too)
- Worldventures revenue also comes from membership fees:
$360.91 joining fee
In short, Worldventures is a travel club with monthly membership that gives the members access to discounted vacations (known as Dreamtrips). This product is best described as taking the bulk buying concept of Costco or Sam’s Club and applying it to travel. Worldwide in 22 countries, the Worldventures memberships currently stand at more than 300,000 and the numbers are growing every single day. Just like Costco or Sam’s Club, Worldventures will become a household name with millions of members all over the world. Thus, in summary, Worldventures earns from the bookings made through the Rovia booking engine (travel site) and the Worldventures memberships. And from the above sources of income, Worldventures is able to pay the representatives as per the Worldventures Compensation Plan.
2. What is the financial sustainability of the company?
One of the criteria used by the judges to select the ERNST & YOUNG Entrepreneur Of The Year award (which the founders of Worldventures are being nominated for regional finalist) is FINANCIAL PERFORMANCE.
The return on equities, revenues, profitability, and growth rate indicating long-term sustainability has to be reflected in the strength of the organization’s financial performance before they can even be short listed for nomination.
ERNST & YOUNG is one of the Big 4 Audit firms internationally. For ERNST & YOUNG to place their name and reputation on the company, it is no doubt that they have done their utmost professional best in studying the company for its integrity and long-term sustainability.
3. Is WorldVentures a pyramid scheme?
WorldVentures is not a pyramid scheme. WorldVentures is a legitimate network marketing (also known as direct selling) business focused on travel and lifestyle products. Pyramid schemes are illegal, do not deliver on any product or service being sold, and are a form of fraud. This article by the Federal Trade Commission (FTC) offers a very comprehensive explanation.
WorldVentures passes the “pyramid test” primarily because the company does not pay commissions based on recruiting new Representatives. Rather, commissions are paid solely on the sale of retail products: the DreamTrips Memberships, DreamTrips Gold Memberships, DreamTrips Platinum Memberships, and the Leisure Travel Consultant package. These products are not sold at inflated prices and since they are not physically tangible items, Representatives do not carry any inventory.
In 2009, WorldVentures launched a new B2B division that markets the DreamTrips Membership as an employee benefit directly to companies, with no mention of the Leisure Travel Consultant opportunity. To date, thousands of customers have already enrolled as members through this employee benefit program.
WorldVentures is not an opportunity where you make millions of dollars in income overnight. It’s a viable business similar to other direct selling companies such as Mary Kay, Pre-Paid Legal, Tupperware, Avon, and many other successful companies utilizing a home-based business distribution model. In fact, noted industrialists and corporations utilize the network marketing model as well. For example: Warren Buffet (Berkshire Hathaway) owns The Pampered Chef; Sir Richard Branson, of Virgin fame, also owned Virgin Vie, which distributes cosmetics and skincare products in Europe; and banking giant CitiGroup owns Primerica Insurance Company. Even clothing giant Jockey owns and operates Jockey Person-to-Person.
4. WorldVentures publishes an Income Disclosure Statement which shows that just under 30% of Representatives make any money — is it still a good opportunity?
WorldVentures offers the opportunity for people to plug into a program where they receive training on leveraging their time and efforts to generate an income stream. But, like any business, there are no guarantees–you get out of it what you put into it.
It would be irresponsible to claim that someone could be successful with WorldVentures simply by enrolling as a Representative. No one can make such a claim about any business opportunity. WorldVentures makes no such claim. The company endeavors, through the Income Disclosure Statement and compliance-related training, to train all Representatives to present a balanced, accurate portrayal of the WorldVentures opportunity. The data is provided on the WorldVentures’ Income Disclosure Statement to help people fully understand the opportunity being offered.
At the core of the company’s foundation is the commitment to provide an honest and fair opportunity. WorldVentures acknowledges the program is not right for everyone, so anyone who is considering the opportunity should have the data needed to get an accurate picture of what the WorldVentures program offers.
5. Where is the WorldVentures corporate office located?
In 2014, WorldVentures moved into brand new 100,000+ sq. ft. corporate office in Plano, TX. The address is 5100 Tennyson Parkway, Plano, TX 75024.
6. Is WorldVentures active on social media?
WorldVentures is active on several social media platforms, you can find us here:
7. Have WorldVentures executives previously been involved in companies with less than stellar reputations?
WorldVentures’ co-founders, Mike Azcue and Wayne Nugent, were in fact involved in GT Trends (formerly PRT) as independent sales representatives, but were never part of the ownership or management of the company. After a short involvement, they disagreed with the business methods practiced by GTT and both men voluntarily resigned. From their experiences, Mike and Wayne made the decision to launch WorldVentures based on a very different set of principles and values.
WorldVentures’ Director of Training, Marc Accetta, was an independent representative with Equinox (again, not part of the ownership or management). His story is similar to that of Wayne and Mike. Marc voluntarily resigned from Equinox approximately a year and a half before its closure by the Federal Trade Commission. Marc is a world-class trainer and educator, who has achieved industry-wide respect, and has been an invaluable asset to WorldVentures.
WorldVentures has made substantial investments in compliance efforts. The company retains some of the best attorneys in the country in the specific areas of network marketing and travel to ensure business is conducted with the highest standards of integrity and compliance. WorldVentures has successfully operated since 2005, and operations are now global.
8. Is WorldVentures a card mil?
ASTA (American Society of Travel Agents), the foremost expert on “card mills” has published a white paper entitled “Travel Industry Card Mills: What Consumers and Consumer Protection Agencies Should Know about Travel Industry Card Mills.” ASTA defines card mills as businesses that sell deceptive identification cards and packages that falsely identify the purchaser as a “travel agent” and offer these purchasers the chance to pass themselves off as sellers of travel services and thereby obtain discounts, upgrades, and courtesies.
WorldVentures is a marketing company. All products are provided by and supported by Rovia, WorldVentures’ exclusive travel partner. Neither company issues identification cards nor credentials of any kind. Moreover, WorldVentures does not promote that a Leisure Travel Consultant (LTC) will or could receive travel industry discounts or benefits of any nature. The company does not make any claims that prospects can “travel like a travel agent” or in any way qualify for rates that they have not specifically earned. Thus, WorldVentures should never be confused with a card mill. In fact, the name “Leisure Travel Consultant” was chosen to help further delineate World Ventures Representatives from traditional travel agents and to avoid any misunderstanding by travel vendors or the public at large.
Rovia is an Airline Reporting Corporation/International Airlines Travel Agent Network (ARC/IATAN) travel agency that provides the technology and operational support for WorldVentures’ LTCs. Training is also provided to help LTCs market and sell travel in order to earn travel commissions. Commissions are based on the level of accreditation an LTC has achieved.
Rovia has a robust training program that allows a novice to move through different levels of achievement and accreditation to attain privileges and skill sets comparable to members of the traditional travel community. This includes completing Cruise Line Industry Association (CLIA) accreditation as well as travel training and testing developed by Education Systems, a travel industry-recognized educational development company, leading all the way through full Global Distribution System (GDS) proficiency. Further, the education program provided by Education Systems is the same content used in post-secondary travel schools, travel textbooks, and travel training software utilized by many travel industry associations.