Is 5K Formula a Scam Or A Legit Business for You?
Hi there and welcome to my 5K Formula review. Matthew Neer is the man behind this business opportunity.
He claims that 5K Formula is a 'done for you' system that helps create wealth online. These days there are many of these money making opportunities that promise the very same thing and they very often under deliver. Has Matthew got a product here that is a cut above the rest?
Is 5K Formula a scam, or should you go ahead and spend your $40? I am glad that you've stopped by to check out my review, and I would love to help you make an informed decision.
Ready? Great, let's start!
NAME OF PROGRAM: 5K Formula
FOUNDER : Matthew Neer
WHAT IS IT ABOUT: Affiliate marketing
PRICE: from $39.90
WHAT IS 5K FORMULA ALL ABOUT?
In the initial sales video, you will hear Matthew say that the 5K Formula has everything that you need to earn $5000.
Apparently, his system has all the funnels, the done for you campaigns, the traffic systems,etc that he has used personally and now it's in your hands to help you earn commissions.
It's safe to say that the 5K Formula has to do with affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is basically a business model where you earn commissions as a result of bringing the customer and seller(or affiliate merchant) together.
Let's say that you've build a niche website on cat's toys.
Say that a visitor wants more information on the 'Tower of Track Cat Toy.' He or she simply types it into Google and they see your product review in the search results or SERP(search engine results page).
They click on the link and end up visiting your site and reading your helpful review, after which they decide to buy the product. They then click on your affiliate link.
This link takes them to Amazon or whichever affiliate merchant you are affiliated with. Upon a successful sale, Amazon will pay you your commission.
That is how affiliate marketing works!
Affiliate marketing is a legit way to make money online. I use it as my primary source of income. Read my story here.
Coming back to 5K Formula, Matthew approaches it in a different way. He gives you some tools to start up an affiliate marketing business.
What are these tools, and do they really work?
Let me answer the first part for you.
HOW DOES THE 5K FORMULA ACTUALLY WORK? THE TOOLS
Within the member's area, you will see a couple of 'tabs' on the top to help find your way around. Many of these areas, have an upsell and require of you to pay extra to use their services.
The first is the Quick Start Guide section. This is where they guide you to setting up your autoresponder. Basically, it means that you need to register with an e-mail service provider. The one that they recommend is Get Response.
The point of having this service, is that when people sign up for your initial offer, you can always re-target them with more offers in the future.
NOTE: An e-mail service is a monthly expense.
To promote your offers, there are a bunch of squeeze page templates that you can use. Unfortunately though, many of them are unlocked. You have to pay an additional amount to unlock these as well.
How do you get traffic to the squeeze pages?
There is a video where he mentions using FREE traffic. That method is via building a blog or a niche website which involves writing content and getting it to rank within the search engines.
This is the way that I use, and it definitely works. It does take time though, but when you get free organic traffic, there are literally no limits as to how much you can earn.
I appreciate Matthew mentioning this method. It's a pity though that he does not go into greater detail. This method allows you to tap into that billion dollar market, which has a huge audience. It would have been nice for them to tell you more.
Anyway, I guess that's just the way it goes.
If you would like to learn of a teaching platform that can show you how to do affiliate marketing in this way, I encourage you to click here.
He then makes mention of ''swapping click's'' with other users to generate leads. The rest of the traffic methods that he mentions are paid sources. Methods like using solo ads and buying classified ads.
I believe that if you are a newbie the last two methods can become a challenge, and if you do not know what you are doing you can end up 'burning' your cash.
Just my opinion here.
From what I gather, there are quite a bit of upsells. Should you go for the other offers, you most likely to end up spending more that just $40.
At the end of the day, it can become a costly affair.
Starting an online affiliate marketing business does not have to be expensive. You can start from as little as a cup of coffee a day!
So, does the 5K Formula actually work? Let me show you.
DOES 5K FORMULA ACTUALLY WORK?
In an attempt to show you that the 5K Formula works, Matthew starts his video by showing you him driving to the bank and withdrawing the money. You then see him flashing the money all over on his car dashboard.
Does it convince me?
Not at all.
Nevertheless, the sales page has a few testimonials and I decided to investigate. I recall having seeing them on another product that I wrote about or maybe I was just going crazy! (lol)
And I was right! It was on a product called Income League. First, here is a screenshot of the testimonials from the 5K Formula page.
Here are the testimonials from Income League Review.
But that's not all. These testimonials were used on two other business promotions as well. Namely Ascension Wealth and Speed Wealth.
Are these three fellows the only ones available? Were they Matthew's friends or perhaps actors?
The point, there is no conclusive proof that 5K Formula actually works.
Is there a 5K Formula scam going on? It's time for the verdict.
IS 5K FORMULA A SCAM? MY PERSONAL OPINION
Is 5K Formula a scam? I think that this would depend on the way that you look at it.
If you are a seasoned marketer who enjoys promoting affiliate products, then with the upsells, you make commissions should your customers upgrade.
If you are a newbie who is looking to start a solid affiliate marketing business based on your own niche, passion or hobby, then maybe this system might not deliver on all the levels.
5K Formula is a Clickbank product, and you can always ask for your money back if you are not happy with the product.
HOW TO START AFFILIATE MARKETING WITHOUT 'BREAKING' THE BANK?
You can learn how to begin doing affiliate marketing without having to pay heaps of cash.
You can also build a business based on your very own hobby or passion. There are close to 3 billion people shopping online. You can learn how to tap into this market.
This awesome teaching platform helps me and thousands of others to earn money online.
- step by step lessons,
- live webinars,
- the best interactive online community,
- daily back-ups of your site.
In fact there is much more to tell. However, you need to be prepared to put in some time and effort to make it work.
If you are, then click the link that follows.
Thanks so much for joining me on this 5K Formula review.
I hope that it has helped you out.
If you have any questions or comments, please leave them below and I promise to get back to you.
All the best and have a great 2019!