Author:
Cornville Mom ("just like every other dealer $278 each??)
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Date Posted: 08/21/08 2:09pm
In reply to:
's message, "Re: MasterGuard" on 03/ 7/07 11:16pm
Unfortunately that is NOT true!! If it were then why are there so many complaints regarding what people were quoted? We were 'persuaded' by a cousin who is an authorized dealer to get into the MasterGuard business. We put our last savings from the sale of our home into it at a cost of $20,000. We got all the stuff, the alarms, training materials, videos, we even gave dinners to sell them. The agent trained my husband to do this. We were given a price list of how much to sell them for at a cost of $400 each. And yes the dinner is designed as a scare tactic. My husband did not like the fact that he was scaring people into buying these alarms and after about 4 dinners (and little sales) he didn't want to do it anymore. MasterGuard says they have a buy back policy but his cousin only bought back at half price. We figured out he pocketed about $8,000 off of us. He bought the alarms and training materials from the company and then sold them to us. Now we are stuck with them. He told us if we sold all the units and needed more we would have to get them from him (which in turn he gets them from the company) see where I am going with this? A MLM. We were so brainwashed by the training and selling techniques we couldn't see it for what it was. If we always had to get the products from him and he in turn gets them from the company he will profit off of us. He also had another person he was doing this with and we found out later that that person also has all his alarms sitting in his garage because he can't sell them for $400 each. I wish I would have investigated it more before I handed over our savings. We have sold a few of the units on the internet but I was recently threatened by "a masterguard VP" that I was in violation of my contract and I was causing hard working agents/dealers to lose their customers and therefore I could be held liable for people cancelling their contracts if I did not stop selling them in the internet. So where does that leave me? I could only protect my home so much with the units....
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