The Business of Timeshares On The (Las Vegas Strip)!

The Business of Timeshares On The (Las Vegas Strip)!

Very Simple – Understand How It Works

Timeshares are joint ownership properties where everyday people can lock in a temporary vacation home annually for a fraction of the cost. On the Vegas Strip, this product is sold daily to thousands who visit on vacation or a quick get away. In our last trip, we realized that timeshare companies are able to spend $1 and get $10 back.

Here’s how they do it:

1. They purchase wholesale tickets to activities that tourists are most interested in i.e. Dinners, Shows and Casino Access.

2. They employ performance based marketing agencies to promote their offer on the Vegas Strip.

3. The marketing agency offers you  free tickets, dinners and casino access in return for a few hours of your time if you qualify first.

4. To qualify, you must have a credit (in most cases), a certain household income and if you’re with a significant other, the same address.

5. Once qualified, you’re shipped off to a presentation center where you learn about the vacation industry and just how much you’re likely to spend on lodging in the future with not much to show for it.

6. You do a tour of the property to see the amenities and an example unit or two.

7. The Offer – You’ll be asked to pay between $3,000 – $4000 as a deposit on a total balance of around $30,000 due over a 5-7 year period.

8. It’s then your decision to take the offer or to decline and get your original tickets promised.

We knew that it was expensive for timeshare companies to walk through presentations and give away gifts for free but we didn’t know how much.

We we’re told that timeshare companies pay about $850 per couple to show them the opportunity. We also discovered that 1/3 of all couples/people who see the presentation will make a purchase that day.

So here’s how they turn $1 into $10:

– They pay $2,550 per 3 couple presentations done.

– One couple says yes and make a $3-4k deposit on a $30,000 balance.

timeshare company breaks even with a small profit on the initial payment and gets a commitment on the balance.

– Close to $3,000 spent to acquire one couple but the deal was worth $30,000. If you break that down to a simple ratio, it’s $1 spent for every $10 acquired.

Take the steps above and apply it to your business, just maybe you’ll be able to spend $1 and print $10!

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Comments

    • vangrails
    • February 6, 2018
    Reply

    You can buy these timeshares for 1 dollar on ebay. A lot of owners want to get rid of their timeshares but that is really hard. These maintenance fees really add up. Signing an everlasting contract is not a good idea.

    • Country Living
    • February 6, 2018
    Reply

    Greetings, If I have further questions regarding already owning a timeshare, how may I reach you?

    • Tim
    • February 6, 2018
    Reply

    Sure pay $19-15-20-30ks + maintenance feea for a timeshare u will barely be able to use…

    • j burggg
    • February 6, 2018
    Reply

    no need to pay for this bullshit when you can go on eBay and purchase a week stay on unused timeshares. i love the timeshare industry because i profit from the fucking morons who buy into it, then I just go on eBay and buy their unused days/weeks.

    • The Reason
    • February 6, 2018
    Reply

    $1 timeshare = $2000 home tax lien purchase from courthouse with $400000 in damage.

    $30,000 timeshare = to home purchase with all insurances

    $1 looks good, something wrong with it! (Back Maintenance for ex and no perks from developer)

    Buy it from the developer. Much safer//

    • Charles Hines
    • February 6, 2018
    Reply

    Dezmon how many timeshares do you own?

    • I Want To Travel To By Thomas Bowman Jr.
    • February 6, 2018
    Reply

    Do you have a website or Facebook page. As people share your stuff you need to carry link with it. Example: I shared this to Pinterest to an investor investment board that I have. As people do stuff like this you want your contact info to follow so you can get work and make contacts. https://www.pinterest.com/pin/441563938454950401/

    • Gerald N
    • February 6, 2018
    Reply

    The fly, drive, and room packages are very affordable – costing thou$and$ of dollar$ less than the increasing maintenance fees which you're obligated to pay for the rest of your life.

What are your experiences about timeshare?