Is Cash Gifting A Business?

“Cash Gifting is an activity. It may be mistakenly referred to as a business but since there are no goods or services changing hands this label is inaccurate. Cash Gifting is a private, invitation-only practice.” ~ Ryan Biddulph, What Is Cash Gifting?

Mind Your Own Activity

Business: an organization designed to provide goods and services to consumers.

Cash gifting: the act of privately or publicly giving another person or entity a declared sum of cash, and giving it freely without coercion or consideration.

Again and again I see cash gifting marketed as a business. These are either dishonest of misinformed mentors who don’t realize that they’re involved in a private activity. This also gives the gifting naysayers more ammo for their “cash gifting is illegal” crusade.

Businesses are formed to earn a profit. In cash gifting you’d like to stay away from the words “profit” and “income.” That’s why I use the phrase “prosperity stream” when I mention gifting as a work at home opportunity. There’s no profit to be made. Where’s the difference between your revenue and opportunity costs?

Move away from this terminology and view gifting for what it is: helping others with the gift of cash. Focus on using the words “activity” and “practice” when describing cash gifting to others.

A Private Practice

Cash Gifting is a private activity practiced by like-minded people. It is not a commercial venture. It’s built entirely on trust. Research your prospective mentor thoroughly. They should supply a home or cell phone number.

Demand accessibility. Some unscrupulous people take advantage of the private nature of gifting. Find out as much as you can about the gifting club and mentor before you make the decision to accept their invitation.

- Photo flickr.com/photos/oakleyoriginals/

Ryan Biddulph is the Gifting Guy.

“Only those who attempt the absurd can achieve the impossible.” ~ Chinese Wisdom