Progress at World Limited Partnership Program Still Slow
August 31st, 2007One of my older programs that I joined nearly two years ago, a company called World Limited Partnership Program (WLPP), is still chugging along, but overall returns have been much slower than I had hoped. So far the overall dividends that I have received over the past two years add up to about five percent per annum, similar to what I am earning with my savings account at the bank. On the other hand, the company is gradually establishing a track record of investing in “real world” businesses with actual profit potential, and thus far have not shown any signs of scamming activity. They have also been honest in allowing members to sell back their units to the company if they want to get out of the program or simply need to recover their funds for some reason.
Their business model reminds of the old joint stock companies that were formed in order to finance colonial expeditions back in the early 17th century. Everyone who has venture capital to invest in the program pools their money together to finance the expedition, and any profits that are made are paid out to the investors on a share basis according to the proportion of the total pool that was contributed by each investor. In the case of WLPP, each share is called a PV (pool volume) unit and we are paid returns on these each month, with a variable amount depending on the most recent revenues of the company. Currently, each PV unit is $50 although some of the first units sold under the old Vivamin venture were priced at $40.
The most recent offline venture is the establishment of IT (Information Technology) call centers in Romania, where the company is hoping to cash in on the recent outsourcing trend while also taking advantage of the relatively low cost of leasing or purchasing office space in eastern Europe. Meanwhile, WLPP has been steadily expanding its online acquisitions, having recently taken over Bidhire.com and opening up a portal for advertising revenues at Taketheinternetback.com. Here is the latest update that arrived in my inbox this afternoon. Hopefully these returns will improve over the next few months:
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