Larry: This is the very kind of thing that tarnishes the industry's image. Unfortunately this highly unethical, British based marketing company is ruining it for others who may market their product in a legitimate manner.
It is most unfortunate "dinosaurs" are still in this industry. This product has changed and morphed so much, there is really no need for high pressure, unless you are selling a piece of garbage. The problem is, these "veterans" don't know how to "soft sell". The vacation club at Captain Morgan's is nice enough to sell itself, if allowed to, and not jammed down your throat. Before the British based sales and marketing team was contracted, a particular sales person did EXTREMELY well using the soft sell approach. Perhaps this will be adjusted, and the reigns given back to her, for all our sakes. :p
This can be blamed on inexperience on Captain Morgan's behalf as a new developer.
The BTB is currently drafting timeshare legislation. The young man in charge is very bright and the new law looks fantastic. As with the Offshore Legislation, the GOB has looked into several other jurisdictions for examples. Taking the best from all areas. A rescission clause will be part of this new law.
Thus, the danger of high pressure, you can cancel (rescinds) the next day after you recover from the high pressure crunch. Most of the sales teams have left the US due to this rescission factor and ended up in areas without this feature or with no laws. Hopefully Belize too will be soon rid of them. It's bad enough they are British.
A true sales pro will not resort to high pressure but rather build enough desire for the product that the customers are truly happy to join the development and have no remorse and do not rescind. And yes, many are given time to think it over, this is called a "be back" and counts for 1/3 of all sales at our six resorts.
FYI - 60% of Marriott's total timeshare revenue is from referral business. People getting their friends to join. Hmmm? 100% of our sales are from current timeshare owners. Hmmm?
We must have powers in mind control or have satisfied owners.
Here's the "inside" skinny on who is happy with their purchase:
Bought in the right place : either where they want to return on a regular basis or in a high demand area (Hawaii, Caribbean, Paris, etc...) which opens up the exchange option. If you buy in the Poconos or Branson, don't expect to exchange for Hawaii or St. John, it won't happen.
Bought for the right reason : to vacation, not to make money renting it or selling it in the future.
Have you ever heard of the investor that lost $50 in the stock market crash of the late 1920's? Most of us only hear about the folks who LOST EVERYTHING! We all know, as intelligent adults, that bad news is sensationalized. Would CNN and 60 minutes keep viewers with good news? Remember the trucks with exploding fuel tanks (hoax for ratings).
Timeshare had and has problems, but ALL developers are not the same. Just as all fishing guides, hotels/motels, TVs, resorts, cruise lines, automakers, .......... are not the same.
In all fairness, even with the worst of developers, it is the visiting guest's greed that gets them into the sales situation. I don't care how it is cloaked, I would never expect any resort on this planet to give me anything for free without giving them something in return, common sense. This is called MOOCHING, playing off the human greed factor, most people have it, except some on this board :rolleyes: . Guess what it works! (
although I don't agree with this tactic ) So if you don't like the concept, don't subject yourself to it. HELLO!? I wouldn't.
I bought my timeshare off the internet, with no salesperson, after doing my own due diligence.
I can understand folks being set in their opinions. This happens with age. Change can be good and allows for growth. No change = no growth. This is hard to deny.
It may be a good idea to step back, do some research and then make your case, as strong as you choose. A wise man once said "it is better to keep quiet and let people think you are stupid, then open your mouth and let people know you are stupid."
Timeshare opens up more opportunities for this island and nation. Timeshare resorts provide additional income for the various sectors of tourism. Even a bit more than conventional resorts/hotels. This is a entirely different forum, which I would be more than pleased to debate with you all. Debate is good, keeps me sharp.
I have met with timeshare developers, large and small, with plans for Placencia, PG, outer cayes and Caye Caulker. I'm not sure who will pan out.
SIN