It got kind of quiet in the non-product MLM industry after the almighty Empower Network Scam came crumbling down. A handful of copycat attempts by folks trying to recoup their immense losses made a little noise in the immediate aftermath of the EN collapse, but that died down soon too.
It seems the last man standing with a high ticket scheme was Matt Lloyd and his MOBE Scam. But just when you think it's all good in the hood, here comes Stuart Ross & Jay Kubassek, the owners of Six Figure Mentors. What's up with all these companies using 6 figures in their name in the first place? Do people really fall for this? A few months ago I wrote a Six Figure Ignition review and Six Figure Income review. Now we're at it again with this company. If I have to see another one of these, I'm going to scream. LOL
But I still have some patience for one more for you guys. So I searched the net and found many Six Figure Mentor reviews written either by folks promoting it, or posted by people calling it an outright pyramid scam. Well let's dig into my review to find out if this is a good opportunity or something that should be avoided.
What is Six Figure Mentors?
It is a program that teaches you ‘how to work less and earn more‘ and so you can allegedly live the same lavish lifestyle Stuart and Jay enjoy so much. Their program is suppose to provide you with the knowledge, training and tools required to run a successful online business.
They claim that their system is for everyone; as a beginner you will learn from scratch, or you will learn how to make the business you already have more successful.
Six Figure mentors also offers you to become an SFM affiliate and make commissions of up to $1000 per sale.
Before You Join
Of course you are not ready to jump right in, especially when they offer you a series of seven videos with some more information. In exchange for your email address, which will add you to their subscriber email list, you receive the link to one video for seven days.
The videos are pretty good as far as the production is concerned. The content however is really nothing special and, if you would take the time to search the net and Youtube, you could find the same information from different sources.
But Stuart & Jay are experienced marketers with just the right touch to convince you that Six Figure Mentors is the right thing for you.
Six Figure Mentors' Training and how much it cost you!
The Application Process: $29.95 fee PLUS $25 per month. This is called the ‘INTRO Membership‘ and Stuart explains the two reasons for the application process.
- He has a chance to evaluate YOU to figure out if you will be a good fit for his program
- YOU will have enough time to determine if SFM is indeed the right program for you
By the way, you learn that the application fee is refundable if you decide to cancel your membership within the first 30 days, and the monthly membership fee is not due until after day 30.
You are now a Basic DBL member with access to the digital Business Lounge are. You can watch exclusive SFM Seminar Footage and have access to an Introductory Module.
On top of it all, you are assigned a “Personal Business Coach” who will answer all the questions you may have.
Everything is pretty peachy but the real thing, meaning the heavy business training, is not going to happen in this Intro membership. Your personal coach will let you know, almost on a daily basis, that in order to get the best training, you need to upgrade to …..
The Basic Membership: $297 up front PLUS $97 per month. Now you are getting the heart of the program……almost. You are now a Premium DBL Member with full access to the lounge and all SFM modules.
Weekly live marketing training awaits you as well as a new Senior Business Coach. By now you have your own website landing pages, the Aweber autoresponder system is all set up and you started List Building efforts to grow your business.
The training modules are ok, but you are missing something. You feel like they are holding something back and you ask your personal coach about it.
The senior business coach is right on your side for support, but mostly he is hard on your behind to become a Six Figure Mentors Affiliate. That's where the big money is to be made. And you want the big money, right?
The senior guy reminds you daily that the big dough is right at your fingertip. All you have to do now is get your darn credit card out and become a……
Elite Member: $2,500 per year PLUS $97 per month. Finally, you have arrived. Not exactly where you planned to go when all of this started, but you arrived at the destination Stuart and Jay had planned for your trip in the land of Six Figure Mentors.
You now will get live coaching by the Guru's themselves, Stuart and Jay that is, and you also qualify for the High Ticket Affiliate Commissions. 40% commission for every lead you created and the SFM sale team converted into a sale.
Yes, you just bought yourself the privilege to sell The Six Figure Mentor Program.
And you bought yourself into the ‘Digital Experts Academy‘. This is kind of an online university that provides interaction with industry professionals (meaning Internet Gurus) and also the second leg of SFM that is actually the base of the Six Figure Mentor Affiliate Program.
As is common with high ticket MLMs, the Elite Membership is not the end of it. There are four more packets you ‘can buy the right to sell'. Silver, Gold, Platinum and Black are prohibitively expensive; the Black package would set you back a whopping $30.000.
Of course, if you are able to sell just ONE of these every month, you'll make a 6-figure income; indeed.
Six Figure Mentors Complaints
Hopefully as you read through the description of their alleged program a number of “HELL NAH” bells went off in your head as it did for me. But just in case you missed them let me layout why you may want to avoid Six Figure Mentors like the ebola virus.
‘The Laptop Lifestyle' Free Video Series
At first glance this freebie seems to be a great gesture by the owners. In reality however, it's just ‘clever baiting‘ to have you subscribe to their email list. The value of the videos is minimal and half the time is spent bragging about their riches. This is a very subtle, but common technique used by all of these overpriced internet marketing systems. Don't expect to get get a lot of value from these videos.
The Application Process
This is just a gimmick to give you the feeling that their program is something special. Do you think if you would walk in, figuratively speaking, and put 2 ? grand on the table to buy the Elite package, they would turn you down? No way Jose, you would be ‘da man'
You are FORCED to buy the Elite Membership Package
The Intro and Basic memberships are basically worthless. You do not get the training as promised in their promotion at these levels. True, you will get your personalized ‘landing or squeeze page‘ and access to some of the promotional ‘give-aways', but only for the purpose of promoting SFM. You won't really be able to use the initial training they provide to promote another niche or product.
You have to PAY big bucks to become an affiliate
In the real and scam-free world of affiliate marketing you don't have to pay to become an affiliate. It is free and you are allowed to promote the products or services every which way you choose. Think about it. You're helping spread the word about a company's products which means more money for them. Why would they charge you for this in an affiliate program? That said some companies that are offering you a home business opportunity do charge start up costs for marketing material, products, etc. But they're not considered affiliate programs. So I find it shady when these companies charge you to be an affiliate but it's away to pay the person that referred you a high commission rather than promoting a real product.
The real purpose of the training
The SFM courses are not half ass bad, I admit. But they are geared towards one goal, and one goal only; to promote and sell the Six Figure Mentor program. but as I said before, you can find similar, if not even better courses elsewhere for lot less money such
The Cost of Six Figure Mentor
One word: Ridiculous! How these people are able to get folks to cough up thousands of dollars for this stuff is beyond me? But obviously there are folks that have the money and will spend it. Is it actually worth it is debatable and subjective? Paying ridiculously more doesn't always equate to better quality. Most of the time it's just making the product owner's pockets fatter. It's like paying hundreds of dollars for designer jeans when I can I hit up my Old Navy and pretty much get similar jeans for significantly less. It never added up in my mind and neither does paying this type of money for this type of training. But then again some folks feel paying any amount of money to learn new skills or a business is too much. So I guess it's all subjective.
Training is limited by design
The SFM courses are not half ass bad, I admit. But they are geared towards one goal, and one goal only; to promote and sell the Six Figure Mentor program. That's very limiting. We all have different interests and suppose you want to build your passion around your true passion. Well the SFM program isn't really designed or set up to help you pursue that. So although you may be able to apply what you learn to something else it's not like it's encouraged or they help you to do so. This is Wealthy Affiliate is far more appealing in my mind. Their training is geared towards your own passion and dealing with real products from companies like Amazon, Google, etc not just promoting themselves.
Many complaints about Six Figure Mentors
I tend to look at complaints with a grain of salt for the most part. Because even the best companies have people complaining for various reasons. Like they say, you can't please everyone! But if a lot of people are complaining about the same things, that gives reasons to be concerned. If you continue to smell smoke somewhere, chances are there is fire. Apparently there is a lot of smoke rising from the Six figure mentors. Here is one of many complaints that exemplifies what is obviously wrong with SFM:
So Is Six Figure Mentors a Scam?
If you push aside the ridiculous price of this program, the training offered by SFM isn't half bad and you may benefit from some of the course modules. The courses cover many topics from the marketing and the technical aspects that can help you grow an internet marketing business.
However, because their training is all about promoting the over priced SFM affiliate program many folks would label Six Figure mentors a scam. The fact that you have to invest such a large amount of money “to be allowed, or privileged, to promote the program” turns me totally off. I make money online as an affiliate of many different companies and had never to pay a dime to do so. That said I have no problem paying for training to help me be a more effective and successful marker. Obviously I have done that and encourage you to do the same so you can speed up your learning curve. But I don't think you need to cough up a mortgage payment.
So from the price standpoint I wouldn't recommend Six Figure Mentors for most people. Because you have similar or better alternatives for way more affordable prices. Ultimately it's up to you to decide. But don't fall for all the positive Six Figure Mentors reviews because now you know it's because folks are making some major bank promoting it. It's not necessarily because it provides more value to you.
I hope you liked my Six Figure Mentors review and would love to hear your opinion. In case you didn't like it, I also would want to hear from you. So, just leave me a comment down below on your way out.
Are you looking for an affordable alternative?
I don't know your “paper stack” situation. Maybe if you do have lots of that green stuff laying around you can afford Six Figure Mentors and what you read appeals to you. I wish you the best with that because I wouldn't spend it.
But if you lack the loot to join SFM or don't want to pay that type of ridiculous money, you do have another option. However before I reveal that, let me preface this by keeping it 100% real with you. I am not going to make crazy claims that you'll make a six-figure income in the next 6 months. Some people are able to achieve that but that's more the exception than the rule. So I'm not going to dangle that in your face as it's likely to happen that way. What I can say is that if you are ready and willing to learn, have patience and work hard, you should check out My #1 Free Recommendation where you can learn the same skills that earns me a full time income from home. It may be able to help you do the same in time.
But that's up to you determine if this is the right thing for you. I can't really say for you. But either way It's free to take a test drive, so unlike Six Figure Mentors, you have nothing to really lose. So again if SFM does appeal to you, feel free to give it a shot. I'm just giving you another option so you don't end up skipping a mortgage or rent payment on the hype that SFM is selling you.
That's it for today my friends. I'll hit you up soon.
Thanks for stopping by
Eddy with a y