Brace Yourselves! Big Launch Alert! By Friday you will have heard all about the Six Figure Mentors. Is it a scam though?
I was approached to become a “Founder Member” by someone I know, like and respect. They are heavily involved with the Six Figure Mentors launch, as is Daniel Wagner, who I also know, like and respect. Daniel is one of the “good guys” in Internet Marketing mentoring, he really seems to care if his students succeed and I know that many of them do.
So I got some more info from this person and watched a short video (I’m not going to link to it – you can find it all over YouTube and Facebook). I know it includes hosting and website production tools among lots of other things.
All well and good you may think….except I don’t need hosting and website production tools.
However many other people do, and it’s a slick looking operation. Sortof Kajabi (which I tried out and did a full independent Kajabi review here) meets affiliate marketing meets coaching meets MLM)
Even then I was still thinking about it….I have a big responsive list and I’ve always wanted to make MLM work, as Donald Trump and Robert Kiyosaki both say that, if they were starting again today, knowing what they know know, they would start an MLM company. And believe me I’ve tried, everything from water filters to Success University.
And if I can’t make MLM work, with my marketing and sales skills, my speaking ability, my mailing list….but I’ve always put that down to my lack of consistency and my horror of HAVING to do anything on a repetitive basis.
And then I remembered what my business partner in The Money Gym, Judith Morgan, herself a qualified accountant and genius with figures, always says about MLM. It’s an awful lot of work for not very much profit margin. And worse than that, you are building someone else’s business but not your own business. The rug could be pulled at any time.
(The only way to avoid that happening is to maintain an independent mailing list on an independent list host like aWeber or GetResponse for example, squeeze your prospects through your own page first, then jump them to your MLM optin page).
And then it hit me again!
Robert & Donald said they would START an MLM company, not JOIN one.
Aye, and in the course of the conversation……then came the rub with The Six Figure Mentor deal!
You can only make money from commissions if you join. Totally different to affiliate or internet marketing.
And you only get paid your commissions if you stay joined. Even if you are not using or getting value from the product.
So it’s MLM dressed up as internet marketing mentoring.
Well, it was only a matter of time.
The internet marketing industry is getting more and more popular and more and more hyped, with people on large seminar stages using all the same emotional tricks that the MLM people use to motivate and sell – all the NLP, hypnotic language etc.
And there is a lot of people selling absolute rubbish in the internet marketing space, believe me.
So I’m not saying that The Six Figures Mentors is wrong, or a scam or anyway underhand. In fact, knowing Daniel and the people who introduced me, I think it will probably deliver enormous value.
If you really can’t manage to learn how to buy a domain name, install a wordpress blog, add valuable content, build a mailing list, create a product, recommend other people’s products, sell advertising or sponsorship, and then eventually share your learning, which is essentially how you make money online, then paying $97 a month to follow a proven system and get support from your peers…….well, it will probably help you.
The thing that worries me is that everyone will be locked in, regardless of whether they are getting value, and having to keep paying, in order to keep making their commissions.
And I would just PERSONALLY prefer to make my money recommending something that I actually use myself, and where I’m not locked into making a recurring payment in order to claim my commissions.
If you want to find out how to make money from Affiliate Marketing then you really should check out Sarah Staar’s excellent Affiliate X training. Sarah is one of my Mastermind buddies and I know she’s on the level. Affiliate income is not one of my specialties, but I bought Sarah’s course when I wanted to learn how to do it better. I mainly concentrate on Facebook Ads via my business ClicksAndLeads.com and helping real-world business owners and freelance consultants and professionals make more money online from the things they already know about, do or love. I do that here at NicolaCairncross.com
There’s my own initial thoughts – my independent review – on The Six Figure Mentors.