Canadian Diamond Traders is a very interesting and unique program among the various MLMs I have investigated over the past while, so I think it deserves a place on this site.

I don’t know about you, but if you were thinking about joining this it isn’t so easy to understand the ins and outs of their program.  The videos I watched and things that I read didn’t explain very well how it worked, just how to pay your money and you will get $3500 when you “cycle”.

Normally I get very leary of any program that focuses on hype and only talks about what you will/can make because they normally do that in order to play on your emotions.  It’s like dangling the carrot in front of the horse.   It totally works of course because there are so many people on the internet desperate to make money and this tactic is very effective so many companies use it.

Canadian Diamond Traders have apparantly been in business for 6 years now trading in diamonds.  They launched this MLM program in an effort to expand their business with direct selling.  The concept is a good idea of course, many companies have adopted direct sales like Amway, Primerica Financial Services, Cutco, Avon, Tupperware and these companies have enjoyed great success and profits as a result.

In theory the concept is great but in practice it just becomes another legalized pyramid scheme full of people who just recruit/sell to other people who want to make money.  With the companies mentioned above many people just buy the product because they want or need it.  With Canadian Diamond Traders the people buying the diamonds I am sure couldn’t care less about the diamonds, nor were they planning on buying a diamond anytime in the near future.  Those who join CDT I am sure are just looking for a way to make some money and do so by finding others with the same desire.

I decided to give Canadian Diamond Traders a phone call directly to find out exactly how this works because the info available online wasn’t concise enough.

When you join Canadian Diamond Traders you pay a “deposit” towards a diamond that you will get at the end of your cycle.  There are 2 programs, 1 is a feeder that costs $120 ($100 entry fee + $20 admin fee)  and the other is the real program costing $520 ($500 entry fee + $20 admin fee).

The feeder program is basically a way for you to get into the program cheaper, but of course it will take you twice as long to actually earn any money as you need to cycle twice before getting any cash.  Your first cycle automatically pays your entry into the $500 table.

If you opt for the feeder program your $100 acts as a deposit towards a diamond that you will get when you cycle the first time.  The diamond is valued at about $800 or so.  This is something I believe as they provide documentation and valuation certificate from reliable appraisers.  However don’t get too excited as a diamonds appraised value is always overstated.  This is mainly for the insurance companies and a tool for comparing diamonds values.  If you know anything about diamonds then you will know color, cut, carat and appearance are what makes it valuable.  I have seen online some of the diamonds that you get for your $100 and they are low quality.  That’s not to say they are worthless as all diamonds have value, but in the real world these diamonds are pretty much worthless and no one really wants them.

I used to be in the second hand diamond trade myself.  When we purchased diamonds to re-sell the rule of thumb was pay 10% of the appraised value and retail it for half of the appraised value.  According to this rule the $800 diamond you get would fetch $80 from a trader if you wanted to get cash for it and the most you would likely be able to sell/retail it for would be about $400.  But to be honest, since the color of these diamonds is blue and yellow etc the demand is very low so don’t expect to make much off your diamond from your first cycle.  This program is really all about cycling out of the $500 table.

The $500 table puts you in line for a diamond of about $1900 value.  They say when you cycle you get $3500 marketing fee but it’s not really true.  You get $2500 cash and a diamond valued at $1900.  They combine these 2 figures somehow to give you the $3500 figure (valuing the diamond at $1000 wholesale).  I haven’t seen any photos of this level of diamond but I am sure it’s an actual decent diamond like you would actually buy in the stores.  Remember this is just the raw diamond, no ring or setting.

Whether you enter the $100 or the $500 table the same principle applies.  There are 4 levels to the table :

Miner

Cutter

Polisher

Collector

You enter the table at the Miner position.   There are 8 Miner positions that need to be filled in order for you to advance to cutter.  Now here is where it gets interesting.  Most MLM programs that I have seen you tend to be quite on your own i.e. if you don’t successfully recruit you are highly unlikely to make any money but CDT is highly teamwork oriented.  It IS possible to do no work at all and cycle out and make money.  Of course if everyone takes this stance no one will ever cycle, but in theory it’s possible to ride the coat tails of others.  In standard MLMs, even the forced matrices with spillover, this is much harder.

The reason for this is that everyone in your table is working together to fulfill the same goal i.e. fill the 8 positions in the miner table.  Theoretically, if you happen to join a table that already has 7 positions and you are #8, you will advance directly to the next position of Cutter immediately.

Let’s say however you are the 1st person to join as miner, this is the worse case scenario.  Your table will have 4 Cutters above you, 2 Polishers above them and 1 Collector above them.  That’s a total of 7 people plus you all working together to find 7 more people.  Regardless of who recruits the next person, that next person is recruited as a Miner and he too starts to work with everyone to try to fill the other empty positions in the Miner level.  (I hope I haven’t lost you).

I found this structure quite hard to follow initially because SO many MLMs are pretty much the same.  You recruit people under yourself and they recruit people under themselves etc.  But this structure is the most teamwork oriented I have seen.  In the other MLMs I have seen the people above you in the program are kind of like your competition.  If someone is interested in joining everyone is fighting to get that prospect to join under them.  It’s kind of ugly really, but with Canadian Diamond Traders structure it doesn’t matter who recruits the new member he will always go into the same position.

Of course you ARE in competition with people from OTHER tables.   However you aren’t really in competition with the person who recruited you, like you would be in the other online MLMs.

So once you and your team fill those 8 positions the person who is in the collector position at the top cycles out of the table and gets his $2500 marketing fee plus his $1900 valued diamond (if he is in the main program.  If it’s the feeder program then he just gets a free entry into the real/main $500  program and an $800 diamond, but he must pay the shipping fee in order to receive the diamond.  Shipping fee varies depending on country of course.  If you happen to be in Canada it’s about $20).

The person on the phone told me the way the table splits is calculated/decided by the software. I can only assume the software tries to evenly distribute the best recruiters so as to make things fair.  I’m not really sure if it’s possible if you will be separated from your original recruiter or not so it’s possible when the table splits he will abandon you as you essentially become his competition at that point.

Here is a little diagram to help explain the splitting process.  Let’s pretend you are M1 (Miner 1)

Table before the split :

Collector1

P1 P2

C1 C2 C3 C4

M1 (YOU) M2 M3 M4 M5 M6 M7 M8

Once M8 is recruited this table automatically splits into 2 tables :

Table 1

Collector (previously P1)

P1 (previously C1) – P2 (previously C2)

C1 (previously M1 i.e YOU) – C2 (previously M2) – C3 (previously M3) – C4 (previously M4)

&

Table 2

Collector (previously P2)

P1 (previously C3) – P2 (previously C4)

C1 (previously M5) – C2 (previously M6) – C3 (previously M7) – C4 (previously M8)

Of course who goes where is decided by the software, I just split the tables this way as an example.  So you can see above that you are now in table 1.  The following people from your original table have now become your competition : P2, C3, C4, M5, M6, M7 & M8.

You are now working with your 3 fellow cutters (who were previously miners just like you) and the 3 people above you.  Your and everyone’s goal is now to find 8 new Miners to go into those 8 empty positions below you.  Those new miners will also help you achieve this goal.

Hopefully now you can see how much more teamwork oriented this is.  At any one time there is always a minimum of 8 people working together to accomplish the same goal, and when the M7 position is filled you have 14 people working together to fill the final M8 position.  This type of teamwork is a first for me and that’s why I think this program is good.

Possible Negative Points (Cons)

The difficulties I expect you will face with this program are no different from any other.  First everyone thinks “pyramid scam”.  But this is stigma you will have to overcome with any program and this is no exception.  Another problem may be the fear of the stability of the program.  GDI for example has about 10 years of history and is a publicly traded company, whereas I think Canadian Diamond Traders is a private company.

Another thing I think may work against you is the customer service staff.  The woman I spoke to on the phone is obviously a foreigner.  I couldn’t make out her accent actually but she did have a problem understanding me and I had to listen hard to understand her.  With all the money they are making they should really hire someone for $10/hour who is Canadian (i.e. native English speaker) and professional sounding.  I am sure that if anyone calls this company to check them out they will be put off by someone who doesn’t understand english well enough.  However in saying that she was nice and as helpful as she could have been.

The other problem maybe the $120 fee.  There are many other programs that are much cheaper like 4×1 Fortune which is only $11 one-time fee to join.  So you may find it difficult convincing people to part with $120.

From a pure mathematical point of view there are other programs that pay better.  For example when you cycle out of the Canadian Diamond Traders $500 program you get $2500 + $1900 (let’s say this is worth $3500 like they say).  You need to recruit 32 people in order to do this (either you or your team members).  So you are essentially getting x7 of your investment back for those 32 people.  But in 4×1 Fortune for example if you recruited 32 people you would earn a minimum of $150 which is over x13 what you paid in.

So Canadian Diamond Traders make an excellent profit, they could surely afford to pay more to their members.  In saying that the teamwork structure of Canadian Diamond Traders is much better than that of 4×1 Fortune So one has to weigh up what is more important to them and also what they think would be more appealing to their potential recruits.

In conclusion I would be willing to recommend this opportunity to anyone.  You must of course accept the possibility that the company will pull the plug suddenly and run away with the money, but they stand to make more money by continuing with their business plan so it wouldn’t be logical for them to do so.  However anything is possible right ?  In any business venture there is always an element of risk.

You may be wondering if I think this is such a great idea why didn’t I join ?  It’s because I still think the Niche Marketing is much better for me and I am making good money at it and most importantly I don’t need to recruit a single soul.  I am kind of off the idea of recruiting now as I know in order to be very successful in MLMs you need to persuade people and kinda force/pressure them into getting involved.  If the person is unable to replicate your success and they don’t earn money then you just end up making enemies and unfortunately most people are either unable to replicate your success or just don’t have the drive or motivation that I do.  So for the most part people just end up complaining that they haven’t made any money and blame me when the real reason for their failure is their impatience and lack of effort.  That is why I am sticking with the Niche Marketing which is totally free to join and doesn’t require recruiting.  It’s  a business that succeeds solely on my efforts alone and doesn’t depend upon the efforts of others.  This suits me much better and that is why I won’t join Canadian Diamond Traders simply because I just don’t have the time to work at it.  I am too busy building my website making business.

I hope this Canadian Diamond Traders Review has answered a few questions for you and helped you in your decision to join.  If you were thinking about it and you are brave enough to risk the $120 I recommend you try.  Of all the programs I have seen this one has a lot of cards in your favor and your team members are truly motivated to help you succeed and you also highly benefit from the success of others in your table.

Please don’t blame me if it doesn’t work, I am merely comparing this to other programs I have researched.  You must take risks in business in order to succeed.  You could probably say the most successful business men in the world are the ones who have failed the most.  Or you could say the foundation of success is an accumulation of 1 or more failures.

If you have any experience with Canadian Diamond Traders good or bad please leave your comment below for others to learn and benefit from.

So you are looking for a way to supplement your income while at the same time looking after the kids at home.  Depending on your circumstances there are a few different working from home opportunities available to you.

First of all it is highly unlikely you will find any actual “employment” that will give you a part time job at home.  Most people working at home are doing so because they have started their own little business.  Don’t think this is too hard for you to do as you would be surprised at how easy it really is.

Now if you are a stay at home Mom, what kind are you?  Do you ever have any time where the kids aren’t around that would enable you to go out and do a little bit of work?  Or do you have a baby and therefore any work you undertake MUST be done from the house.

For the Moms that have some time that allows them to leave the home there are many more options open to you.  Perhaps one of the easiest is to offer cleaning or housekeeping services.  You could target the more affluent areas where everyone works and the householders have no time to clean for themselves or the retired and elderly areas.

This can be a very quick way to get some instant work as people who are looking for such a service are very likely to hire you right away.  If you are in a position to undertake this type of part time work you could start by advertising in free places where these type of clientele frequent.

For older people the post office is a good place to put an ad in the window or something like that.  Some may charge you a small fee like $1 per week or month.   Very reasonable advertising cost and can result in some work very quickly.  You could also print up some flyers and distribute them in the retirement areas nearby your home or if you have a car you could venture out even further.

It would be best to knock the doors and speak to the people as apposed to dropping the flyer in the mailbox.   If you don’t speak to the potential client then your flyer will very likely end up in the garbage.  However speaking face to face with them enables them to see who you are and will make a lasting impression upon them as having someone come into your home and clean is a little daunting for many.  They want to be sure they are comfortable with you and a flyer will not enable them to see if you meet those requirements or not.

The same can be done if you are targeting the more well to do clientele.  However the time of day you canvas will likely have to be well picked as they are much less likely to be home.  Where you advertise as well can be harder as these type of people don’t tend to spend much time gazing at window ads.  They are pushed for time so they get in and out of the shops as quickly as possible.

Another nice thing about cleaning work is that your name and reputation tend to spread like wild fire.  Once you have a few clients you will find they quickly recommend you to friends and soon you will have too much work.  Be sure not to under price yourself or be too cheap as it’s very hard to raise prices later.  When people recommend you they will be sure to tell their friends what your rates are so you won’t be able to raise your price for those new customers.

It’s not just cleaning services you could offer but anything really that these type of people need.  It just so happens that cleaning is one of the most likely required services by many.  Ironing services are also popular in some places.

Now if you happen to be a real stay at home Mom i.e. there’s no way you can leave the house and all work must be done from home, there are still some legitimate work from home opportunities available to you.

If you happen to have any skills be sure to try and market these skills ie sewing or the like.   Again for this you will need to advertise.  You could offer drop off and pick up laundry or ironing services.  People usually prefer someone come to their home for this, but that doesn’t rule out the possiblity that some are willing to bring the work to you in order to save a little bit of money.  Because drop off and pick up are naturally much cheaper than having someone come to your home and do it.

Further, some people may not like having strangers in their home and therefore wouldn’t even consider an on site service at all.  These are the perfect customers for working from home Moms.

Apart from these manual services there are also a few free legitimate work from home opportunities that you can do using your computer.  If you are able to write an article about a certain topic, or any topic, there are many people out there that will pay you money to be a “Ghost Writer”.  They basically give you a topic to write about and you come up with something unique based on that topic.  The length of the article will depend upon the customer, and the amount you earn is completely up to you.

However, keep in mind the competition is also pretty fierce as there are a lot of other stay at home moms and other people doing the very same thing.  Further, if you don’t have a reputation or experience it’s going to be very difficult to get any writing work.  So in the beginning you will very likely have to charge very low rates, maybe even work for as little as $1 per hour just to get your foot in the door and some part time work coming your way.

The work itself isn’t that hard, but actually getting the customers and the work will be very hard.  If you want to try you can join some websites that connect writers to the people who want the content.  You may have to give a portion of the fee to the website, but you will still make money regardless and the work you get from the client after the fact might be fee free.

If the above doesn’t appeal to you then you could try the other legitimate no free work from home for free opportunity I talk about on this site.  Just click that link to read more as there is no point in me repeating the info here.  It doesn’t require you to get any customers so that’s nice but the work itself is much harder than just simply writing an article.

All of the jobs above would be considered completely legit work from home jobs.  They don’t require you to pay any fees, they aren’t MLM or pyramid schemes.  However, if none of the above jobs appeal to you as a stay at home mom you might consider one of the MLM schemes mentioned on this site.  These are quite easy to do and the fees are as low as $3.40.  If you have a little bit of internet knowledge and can place ads in places then you might be successful at it.

Other computer jobs at home could include paid to click.  You basically earn money by looking at and clicking on ads.  However this is very little, maybe amounting to about $1 or so per hour.

Feel free to have a browse through this site where you may find a work from home opportunity that suits you.

This is perhaps the only REAL legitimate work from home job that I have tried so far.

It is completely free, there are no membership fees and you don’t earn money by recruiting others.  No Pyramids, no MLM.

However, it is by no means easy.  I have been experimenting with this for the past few months, researching and learning as much as I can.  I haven’t made enough money to quit my day job yet but I am sure I will eventually get there.

Now although there are no membership fees this business is by no means without any costs.   It is nearly impossible to have any business without incurring costs.  You use your electricity to run your computer, your telephone etc.  In order to run this business there are things you cannot do without.  The difference is that those things that you need do not benefit any “recruiter” just like your electricity and phone bill does not benefit any recruiter.  I cannot “recruit” you into this business and if you decide to try this out I won’t earn a commission from your efforts.  That is also why I cannot spend time training you how to be successful because I don’t earn any money from doing so.  I am merely explaining the basics in this article in order to provide good content for my site and hopefully help people  find a legitimate way to earn a living online.

In order to run this business you need to have web hosting, as this business is all about creating web sites and making money from them.  Web hosting companies are a dime a dozen so feel free to pick any company you want.  However I have been using this web hosting company and they have been great.  They are only about $5 per month for unlimited everything (cheaper if you pay a year or more up front).  Further, perhaps the greatest feature they have is one click Wordpress installations.  I used to have to do this manually and it would take about 10-20 minutes getting everything set up and it wasn’t very easy.  So for a newbie you will love the one click wordpress install feature as wordpress is a great and easy way to create websites for this business.

The only things you MUST have to start this business are a computer (which you likely already have) and web hosting.  You could even use someone else’s web hosting if you didn’t want to pay the $5 or so per month for your own.  So once you have a web hosting company you then have to begin your “keyword research”.  The research is perhaps the hardest and longest part of the job.  You are looking for topics that aren’t too competitive because your goal is to get onto the first page of Google for search results of your targeted keyword.

This is very easy if for example your targeted keyword is “things people like to do on the beach on July 10th“.  If you wanted to be the first position in Google for that phrase I’m sure it could easily be done.  The problem is how many people in the world do you think search for that term?  Probably none! So what you are trying to do with your keyword research is find search terms that are somewhat popular but don’t have a lot of competition.

One website you will need to check is https://adwords.google.com/select/KeywordToolExternal.  Here you can type in any keyword and it will give you a rough estimate of how many people search for that keyword.  Select “Exact Match” as that is the number of people who search for that exact phrase.

In order to check the competition for a certain keyword you can type in the keyword phrase into Google and look at the top 10 results that are shown.  You will want to use a plug in for your browser like http://www.seoquake.com/ for Firefox.  They may have a plug in for Explorer I’m not sure.  Just install and use Firefox as it’s a great browser.

Otherwise just do a search in Google for “SEO Plugin Explorer” or something like that.  I am sure you will find something.

Once you have the plug in installed type your keyword phrase into Google and look at the first 1o results.  First thing to look at is the Page Rank of each website.  If the top 10 websites are all Page Rank 3 or lower that’s your first good sign.  The plug in should display this information next to each website.

The second thing to analyze is how many backlinks do each of the sites have ?  The lower the better.

So if the top 10 sites are all low page ranks with low numbers of backlinks then you could be on to a winning keyword phrase.  Another thing to look at is the total number of results that Google gives you.  This number is normally displayed at the top of the search results.  It could be millions of matches or maybe even only 1000s.  This is not as important as the page ranks and backlinks of the top 10 sites, but it is still another indicator as to how many sites are out there with this keyword phrase in them.  The less sites there are the better.

Of course this will likely take you many many hours to do, coming up with ideas for possible website niches and then doing the research, checking the top 10 results etc.  You will probably find a good keyword phrase 1% of the time , so be prepared to spend a lot of time trying to find good target keywords.  It’s all about trial and error (mostly error).

If you don’t want to wait, or don’t have the patience to jump through all the hoops then you may consider buying this software that does a lot of that work for you.  It takes a huge amount of the leg work away.  You type in a keyword phrase and it basically gives you a rating from 0 to 1000 for that phrase,  0 being the easiest and 1000 being the hardest.  Generally if you are just starting out you should target phrases that are less than 20, 0 of course being the ideal.

I use this software and it’s great, but I will stress that it isn’t necessary.  The only thing that is absolutely necessary to start this business is web hosting.  You can use the same company as me or maybe you already have webhosting ? If you are a member of one of these webhosting matrices like Teamwork Revolution, or the like, then you can just use their hosting.  But those normally cost $10 or more per month, whereas I only pay $5.  I’m sure you can find it cheaper but this is the company my friend has been using for a while now and he is also doing this niche marketing work.  However, he does it full time and makes a living at it.  So I am trying to learn from him and follow in his footsteps.

He also uses the Niche Finding Software and swears buy it, and so do I.  But again if you have more time than money then don’t worry.  Just spend the time doing the research manually as the software costs $97, but worth every penny.

Once you have found your keyword phrase with low competition then you will want to buy a domain.  GoDaddy is a pretty cheap domain name provider, but I’m sure you can find cheaper.  A domain will cost you about $10 per year.  This is another cost associated with this business that you can’t avoid.  Nobody makes a commission off you buying domain names except the domain name company.

You will want to find a domain that matches your targeted keyword phrase exactly.  So if you are targeting the keyword phrase “dog grooming kit” you will want to try to get the domain “www.doggroomingkit.com.”  It’s very likely that it will already be taken so you can try to get .org or .net.  Don’t go for any other extension other than those 3.  If those are all taken you could try to go for hyphenated domains like “www.dog-grooming-kit.com” or the like.   However, the fact that the domain is already taken could be an indication that another person is trying to do the same thing as you.  So you may take that as an indicator not to bother as you may not want to go head to head with another niche marketer that is likely more experienced than you and who will easily out rank you.  It’s up to you of course.  If they aren’t in the top 10 search results then perhaps they aren’t that good anyway.

Now, how do you make money you may ask ? One very popular way is to simply put Google Adsense on your site.  People who visit your Dog Grooming site will see ads about Dog Grooming so they are quite likely to click on them and you earn money every time someone clicks on an ad.

A word of warning here.  DO NOT EVER CLICK ON YOUR OWN ADS OR ASK FRIENDS TO DO SO.  If you think Google won’t know then you are highly mistaken.  Google knows EVERYTHING.  So don’t try to be smart and increase your earnings by a few bucks, because that type of short sightedness will get you banned FOR LIFE from Google adsense.

If you choose to use Google adsense to earn money from your site you will also want to take into consideration the amount each click is worth.  You may stumble upon a Niche that looks very easy to target but when you see what the average CPC (cost per click) is it may not be worth it.  $0.01 per click might make you a few dollars per year.  Just enough to pay for the domain name perhaps and maybe the hosting.  So there is a combination of many factors to consider when choosing a niche to go for.  You can check out what keywords are roughly worth at this site https://adwords.google.com/select/TrafficEstimatorSandbox

Another way to make money from your niche site is to sell affiliate products, for example Amazon.  With this type of affiliate marketing you only get paid a commission on each successful sale, not on clicks like Google adsense.  So it may be harder to make money with Affiliate commissions as you are depending upon people actually buying something.  Whereas with Google Adsense all you need is a simple click to make money.

In reality however, I have sites that earn more money from affiliate commissions than from Adsense.  So both ways are good.  Even both ways on the same site work well too.

The main thing to remember about this business is that it is very slow going and has a huge learning curve.  It isn’t a get rich quick scheme but a real legit way to work from home.  Initially it will likely be a hobby as it is for me.  You can expect to make money after about 1 year of trying this so don’t be dissappointed when one or more of your websites don’t make any money.  Some of the guys who have been at this a while launch 100s of websites EVERY MONTH !  Those guys admit that only 20-30% of the sites actually make money and they are experts.  So if you embark on this make it a long term goal so as not to get too disheartened.  I have been at it for almost 1 year now and I can by no means do it full time (yet).  But I have learned a lot during this past year and I am certainly getting better at it.

I also know that I will be able to this full time one day, it just a matter of when, not “if”.

If you are interested in working from home in the same way as I am then you need training as I did. I recommend this Training Course.  Of course if you are reluctant to spend money on any training you will still likely succeed in carrying out this business as I have.  However it took me over a year to reach any decent income level.  If you don’t have that sort of patience then the training is right for you.  I know make over $500 per month with my websites and each month that number slowly grows.  I can’t tell you how satisfying it is to have a completely independent source of income.  I feel like my experiment has finally paid off.   I sure wasted a lot of time with the MLMs but I don’t regret it.  Overall I haven’t lost money because I view those MLMs as a stepping stone that brought me to this REAL business.   I hope the same can happen for you.

Start learning how to make money with from home with websites now by clicking here