$5k Formula System Review – Scam from Matthew Neer
5k Formula System has just been launched recently (at the time of writing) and it is making a buzz in the affiliate marketing review circles. Welcome and read my 5k Formula System Review and find out if it is a scam from Matthew Neer.
Name: 5k Formula System
Overall Rank: 15 out of 100
Price: $5.95 (upsells)
Introduction to 5k Formula System
Once you log on to their official page, this is the first thing you will find – “$5k Formula, New Instant Commission System and Makes Me $5,000 on 100% Autopilot, for FREE”. That sounds a bit too good to be true.
This simply implies, you will not need to do anything, money will be generated on 100% autopilot mode. Most importantly, for FREE! Will you trust this? Personally, I don’t. There is no free lunch in this world.
5k Formula System is an online business platform that teaches their members how to generate money online WITHOUT a website with Matthew Neer’s sale funnel FAST and EASY. How? Through referral commissions.
You will be provided an affiliate link and all you need to do is to bring potential buyers to the offer page and purchase the “system”. If someone buys it, you will be rewarded.
As part of their system, you will be able to access to their “training” course on how to attract people to the offer page and rip off their pockets. The courses show you how to reach potential customers and how to convince them to purchase their system.
They basically not selling any product but their 5k Formula System. You are basically their sale agents promoting the “products”. From each purchase, you earn commissions. The problem is you will still need to do some work to ask people to click on the link and convert the clicks to commissions. It is not 100% automated!
The tricky part is you will only commission from each purchase of product A, only if you have bought product A. Furthermore, there are several upsells in their system.
A) Traffic-related bonus – $19.95
B) Ten “Done For You” squeeze pages – $24.95
C) Sixty email swipes – $39
D) Secrets of the millionaires video series – $97
E) License to Neer’s funnel (reseller rights) – $495
Why Being a 5K Formula System Affiliate Makes Sense
A) It does not require experience in building website;
B) Easy and the system is straight forward;
There Must be Some Negative Sides of 5K Formula System
A) It is not FREE! What they claim on the official web page is a lie.
B) Upsells. I hate upsells!
C) It is not a reliable way of making money. It is okay when the product is new. Sooner, people will be hating it since it is just another spammy affiliate marketing system.
I personally do not like this kind of affiliate marketing program as I know there are other similar programs in the market and they do not last long. The system does sound robust and I am sure it is going to work if you are going to invest your time, effort and money on it.
Before you turn yourself into a millionaire, you are just making Matthew Neer into one before you. He basically selling the “rights” to you to redistribute their system to the affiliates. Through the referral commission system, you share a little part of their revenue. That is why you are going to work so hard to bring a lot of traffic to their funnel. It does not matter to them anymore whether you make any sale as long as you constantly promote their products in the market. You are basically advertising for them!
Since you are going to invest your time, effort and money on driving traffic to somebody’s pocket. Why not doing all these for your own? You could actually build your own website, and turn traffic into passive income.
If you really want to look for a way to earn money online, you could follow my steps doing a real online business – Internet Marketing. I promote products from Amazon (see products from Amazon on the right panel of my site) to over million of Internet users in the world. Every click and purchase made via my website, I will be able to earn commissions from Amazon or eBay (you can read my previous post on How to Make Money While Traveling).
It is important to run a reliable and legit online business for long-term. You can follow my steps and get yourself trained with me in Wealthy Affiliate. From there, you will be able to learn how to choose your niche, building your own website, and make sales from real affiliate marketing program.
Anyway, please share this post and let me know what you think about 5k Formula System. Thanks for dropping by to read my “$5k Formula System Review”.