It seems that the endorsement ACN had of Donald Trump came to an end. If you visit ACN's page about Trump, you're met with a page not found.
We could not retrieve the full page, but this is what it used to be
. The details are still unclear, but we will update this page and the blog once we find more information.
Since this page has first been published, new information has come up. Now that Mr. Trump is running for president, people are getting more and more interested about his multiple ventures and we soon learned how much he made from ACN. Donald Trump has made $1.35 million since last May from ACN speaking engagements. Read more on The Daily Caller
Donald Trump and ACN
ACN has a reputation for success, success thatís really synonymous with the Trump name and other successful names, and you can be a part of it."
- Donald J. Trump
One of the argument reps will push when trying to sign you up with ACN is the famous Donald Trump, one of the most successful businessman in the world, endorses and supports ACN! For real, what more do you need to convince you that this isn't the best opportunity? Let's look at the facts before getting all excited about this.
Claim : The Trump name is synonymous with success
It cannot be denied that when we think of Trump, we think of a big empire and lots of money. When you look more closely into it though, you realize Trump's various corporations filed for bankruptcy four times1
in the past quarter-century. It is to be noted that Trump himself never filed for bankruptcy as some will claim, he knows how to protect his personal finances.
Let's look at those bankruptcies more closely →
Source : How is Donald Trump Able to File for Bankruptcy So Many Times?
- 1991 : Trump's Taj Mahal in Atlantic City
Billions in debt, the corporation filed for Chapter 11 bankruptcy. Trump let go of half of his ownership. He sold his yacht and airplane for loan payments
- 1992 : Trump Plaza Hotel
Trump filed for Chapter 11 bankruptcy. He owed $550 million and gave Citibank a 49% interest. He stayed CEO of the hotel but had to give up his salary.
- 2004 : Trump Hotels and Casino Resorts
Filed for bankruptcy had $1.9 billion in debt. Trump lost control of the corporation after reducing his shares to 25%.
- 2009 : Trump Entertainment Resorts
The company filed for bankruptcy after missing a bond interest payment. Trump resigned as chairman of the board, retaining only 10% of ownership interest in the corporation.
We could dig further and find a lot more reasons why Donald Trump should not be put on a pedestal like most ACN reps do, but the point is that he is simply doing a celebrity endorsement for ACN. What's a celebrity endorsement? From study.com
, it is "defined as a well-known person using his or her fame to help promote a product or service. The celebrities market the product through television or radio ads, large event appearances, and so on. Most organizations use celebrities in their marketing in hopes that it will drive up sales and have a positive impact on profits." Sounds a lot like what Mr. Trump is doing....
There is no issue with Trump endorsing ACN. It's like Michael Jordan endorsing Nike, it boosts the sales and helps the branding. Except in this case, the company we're talking about here is not selling shoes, it's selling an opportunity people are lured into and Trump is helping that happen by endorsing the company. Claiming a company is great while more than 95% of their IBOs do not make any profit is pretty misleading. Maybe it's great for Trump's bank account and shares in the company, but that's about how great it's gonna get.