What’s the best way to make lots of money without working for it? Winning the lottery, of course! A jackpot winning can help you fulfill all your dreams; that new car, new house or vacation will no longer be elusive. But alas! All this is just wishful thinking; you need a lot of luck to win lotteries. This is the reason why lottery pools are formed. They enhance your chances to make money through lottery winnings. The Lotto Magic lottery pool is different from other pools as it not only boosts your prospects to win the lottery; it also gives you an opportunity to make an income through its MLM opportunity.
Here’s a review of the Lotto Magic business, the benefits it offers and its drawbacks.
What Is Lotto Magic?
This is a members benefit lottery pool or club that was started in Florida in Jan 1996. By being a member of this lottery pool, you are entitled to certain benefits other than just getting a share in the winnings.
Benefits To Members of Lotto Magic
– Members get a vacation certificate that entitles them to free accommodation for 2 nights at a resort of their choice from over 90 destinations.
– 5 Diamond Vacation Certificates for self use or to be given as gift.
– Gift cards, savings coupons and discount offers on several products.
– One lottery ticket for every drawing for one month.
– Members get 10% of their ticket winnings as well as winnings of 7 other members in their team.
Depending on your membership type, your benefits may vary. For instance, power players get free tickets to power ball lotteries every month with the same benefit of 10% on winning amounts of a total of 8 team members.
It’s however the team captains and power captains who get the benefit of the income opportunity through getting others to join Lotto Magic.
Costs Involved And Compensation
Team Players pay a fee of $25 a month while power players need to pay $50. If you’re interested in the business, you can become a team captain by paying $50 a month or a Power captain by paying $100 a month. Commission on getting a team player to join is $5 while for team captains; it’s $23 per person. You also get a 10% share on the lottery winnings of the people you refer.
The Lott Magic Downside
Apart from the obvious downside of uncertainty of lottery gains, we have to see the number of people in the game since our prospects of winning keeps decreasing when competitors increase.
The biggest competitor to this business is Xzotto, another network marketing lottery pool. This company sells both membership options as well as a software program that helps to track your lottery dealings and improves chances of winning.
MyFreeLotteryPool is a club that claims to be the world’s largest lottery pool; this club lets members enter the lottery for free.
ELottery is another online MLM based lottery system that combines lottery winnings with network marketing opportunity.
Creating A Winning Florida Lotto Magic Business
This is a legitimate business that can fetch good returns if operated right. While you can’t rely on winning the lottery each time to make money, you can definitely build a strong lottery business by referring people to Lotto Magic. Don’t just refer people you know; remember, you’ll need to bring much more than a limited circle of friends to get yourself a decent residual income.
The best way to go about this is, create an awareness of the business on the internet, generate MLM leads and get people to contact you regarding the business. A good MLM lead system goes a long way in boosting your network of contacts. Online marketing gives your business wide exposure and gives you the opportunity to make a fortune even without winning the lottery.