EB Formula Review- Can You Really Make 40K or Not?
Can the EB Formula help you to get set-up within 20 minutes and ready to make sales? That's what you will hear within the initial sales video.
Hi there and welcome to my EB Formula review. Is EB Formula a scam, or can it really help you to make $40,000 per month?
I decided to purchase the product to see for myself, what is going on here. From past experience, I noticed that some ClickBank products have 'hyped-up' marketing only to under-deliver when it comes to the actual product.
Is that the case here? Let me show you.
NAME OF COMPANY: EB Formula
PRICE: $37+ UPSELLS
WHAT IS ABOUT: Learning how to sell on eBay using the Drop Shipping model.
THE PROOF THAT I DID PURCHASE THE EB FORMULA
Below is a screenshot of my receipt to show you that I did in fact purchase the EB Formula system.
WHAT IS EB FORMULA ALL ABOUT?
The one thing that the video makes crystal clear is, is what the EB Formula is not about. It's not about,
Naturally, it's going to get anyone's curiosity heightened. However so, the rest of the video is not going to show much more about how EB Formula works.
You are going to hear testimonials(more about this later), you are going to see 'wonderful bank balances, ' and get your emotions tested. You get an inkling though that the program revolves around using eBay, but that's it.
It may be all true and nice that eBay has 170 million active buyers and generates a revenue of $10 billion dollars, but how exactly does this information actually help you, if at all?
The bottom line is that, if you want to know more about EB Formula, you have no choice but to sign up.
Before I talk to you about what the EB Formula is all about, let me show you if the system actually works.
CAN YOU REALLY MAKE MONEY WITH EB FORMULA?
Does the EB Formula actually work?
I am sure that you would agree with me, that you would be more inclined to buy into a program, system, or product, if you knew for sure that it actually worked for other people?
I mean, if you saw someone else genuinely make money with EB Formula, you would more likely purchase it for yourself, and give it a go! Am I right?
Well, here is one such testimonial that I took a screenshot of, from the official EB Formula sales video.
The gentleman claims that the EB Formula system worked for him and allowed him to make quick money, by doing a few minutes of work. According to him, "he spends a few minutes in bed" checking his eBay account for sales, and carries on with the rest of the day as normal.
Sounds cool right?
Only problem, is that it's a fake testimonial.
Yeap, I recognized the face and went back through the articles that I've written previously and found him on another sales video. He was talking about The AZ Code, another ClickBank product that claims to help you make money quickly.
He is an actor and renders his service on the Fiverr platform. Below is a snapshot of his audition profile.
The point is, fake testimonials show fake results.
This makes it hard to believe that the EB Formula actually works. There are no solid credentials to back up the claims.
Now let's take a look at what you actually get when you purchase the EB Formula.
EB FORMULA- THE INSIDE STORY
Apparently the EB Formula is worth a whopping $2.995.
Fortunately for you and I, it is heavily discounted. You only have to pay $37. In fact, they discount the price to a further $27.
Apart from the initial payment, there are a series of upsells that will 'tempt' you.
It comes in the form of $197. Apparently, this one will get you to earn up to $120,000 per month!
Then there is one where you can make up to 8K a day, using YouTube. This one fetches at $147.
Anyway after having bypassed these upsells, you finally get to access the EB Formula's members area.
I discovered that the EB formula is all about leveraging the eBay platform to do drop shipping?
What is Drop shipping?
Drop shipping is the business model, where you can buy products(at wholesale prices from a Drop shipper), and sell it at profit to your client.
In other words, you would be the middle man, bringing the buyer and the product together.
When I jumped into the member's area, I was quite surprised.
With all the fake testimonials and 'get rich hype' that you initially hear, one would expect mediocre, 'slap-dashed' training that ends up wasting one's time.
The truth is that the entire course consists of over 200 training videos.The main course is broken down into 11 sections, and each section has a set amount of videos.
It took me almost half the day just to get through with the dropshipping part.
Here is the breakdown of the main course.
- SECTION ONE: Introduction to using Ali-Express as your Dropshipper.
- SECTION TWO: Signing up with AliExpress/AliBaba
- SECTION THREE: Signing up with eBay and PayPal
- SECTION FOUR: Niche Selection and Pricing of Product
- SECTION FIVE: Picking a Product from AliExpress
- SECTION SIX: How To List Your product with eBay(Talk about returns and multi-variation listings)
- SECTION SEVEN:How to Add a Tracking Number to a Customer's Order
- SECTION EIGHT:Using SEO Techniques
- SECTION NINE: How to Promote Using Social Media Channels
- SECTION TEN:Case Studies and Top 30 Product Recommendations Plus 3 Mystery Product Recommendations
- SECTION 11: Conclusion
If you are a newbie contemplating learning about drop shipping, then these videos, in my opinion, may provide for a fair introduction into this field of business.
You will gain some insight into how Alibaba works, as this is the primary drop shipper that they recommend you use. They will show you how to go about listing with eBay and using their services.
You also may gain some knowledge on how to go about selecting products and in the second last section, they give you some trending products to incorporate into your campaigns.
As for the rest of the course, which is the training on FaceBook and YouTube marketing, I skipped it altogether. I wanted to show you what the Ebay and Drop shipping course is all about.
Whilst the course material is decent, I feel that they could have done with a couple of additions. There is no live chat or community forum that you can reach out to, should you be in a 'jam', or looking for some help.
Sure, they have an email support, but nothing that will get you help on the fly. Think about it, if you are new to this whole drop shipping thing, wouldn't it be easier to have a mentor or someone who has been there to help you out?
So, is it worth it to join EB Formula, or is it a scam?
It's time for the verdict.
IS EB FORMULA A SCAM? MY PERSONAL OPINION
I believe that their marketing is very misleading. In my opinion, there is no way that it 'will only take 20 minutes' to get you started after which you're going to have a drop shipping money-making machine on your hands.
As for the training on offer, I feel that it's not bad, but some parts are also not complete.
At the end of the day, you are still getting a product for your investment. If you are not happy with your purchase, then you can always request a refund. So, from this point of view, I do not think that EB formula is a scam.
Should you sign up with EB Formula?....
Consider this first.
Drop shipping requires lots of elements to be in place, to be successful. Apart from having accounts with AliExpress and eBay, I think that the core work is on researching the correct product and choosing a profitable niche.
Let's not forget that with this business model, you must be prepared to outlay capital for stock purchases. Not every product will become a success, and within the initial stages, it will be a case of trial and error.
You also have the task of having to deal with shipping costs and taxes. More importantly, your job is to make sure that your customer is happy. You may have to deal with returns and customer complaints.
If these considerations are cool with you, then by all means give it a go.
DROP SHIPPING IS NOT YOUR ONLY OPTION
I admit, I have not done any drop shipping before. I personally do not like the hassle of having to outlay capital expenses, and having to deal with after sales queries. Not to say that I will not tackle it later, it's just that right now, my 'plate is literally full.' A wise decision is not to take on more than you can handle.
How do I make money online? For three years now, I have used a business model called affiliate marketing. Like drop shipping, you are still the middle man, bringing the customer, product and affiliate merchant(or supplier) together.
For example, let's say that you are interested in drones, and I have a site that talks about drones. When you visit my site and read my review which you find helpful, of a drone that interests you, you then decide to buy it.
You then simply click on the affiliate link and it will take you to the merchant to complete the transaction. So, if I were affiliated with Amazon, then you would buy it from them. Amazon in turn will pay me a commission.
That is how affiliate marketing works! Check out the diagram below.
The big difference is that with Drop Shipping your profit margins are higher as compared to affiliate marketing. However, with affiliate marketing, I do not have to worry about shipping to the customer or after sales services.
Both these business models require hard work and time. I would love the opportunity to teach you how to make money with affiliate marketing, should you be interested.This is one of best affiliate marketing training course for beginners.
Thanks so much for joining me on this EB Formula review.
I hope that it has helped you out.
Should you have any questions or comments, please leave it below. I promise to get back to you, as soon as I can.
Kind Regards and Take Care