What is the $5k Formula System? Do you want to know if is a legit online system or just a scam? Are you curious if it can help you earn some extra income? Well, here is my in depth review and I hope that this can clear your doubts about it.
Before we jump into the review proper, let me point out that I have always been making reviews about various internet marketing programs. I made this as a passion because I want to impart to everyone my knowledge and experience towards these systems. By the way, if you want to start a legit way of earning, check out the #1 recommended work at home opportunity.
What is the $5k Formula System?
$5k Formula System is a program that claims to teach people on how to make money on autopilot through referral commissions. You have to use the affiliate link that you are provided and drive traffic to the offer page hoping that people purchase the product.
The person behind this system is Matthew Neer. Matthew has generated a lot of money online and he has presented some proof of his earnings on the website.
In this review, I will take a closer look on $5k Formula System and try to determine whether this is a scam or not. This review is based on my honest research about this system. I recommend that you read the entire review before thinking about joining this program.
How Does $5k Formula System Works?
You will find training videos inside the system that will involve Neer. I like the fact that he is doing these videos on his own and not outsourcing them from someone else. The training videos will teach you how to setup the system. There is no doubt that the training videos will be understandable for a newbie.
You will not have to buy hosting or setup a website, but all you got to do is connect your squeeze page with autoresponder and offer. I know it sounds easy and believe me it really is easy. On the other hand, not having your own website can cause you problems in the future. If $5k Formula System closes down or if hosting goes down for some reason all of your income will stop.
After you have connected your squeeze page with autoresponder and offer, you have to send traffic to the pre-made funnel. When your traffic converts, you will earn money and more traffic means more money. If you have not understood by now, let me tell you that you are going to make money through affiliate marketing if you use this system.
I must say that this system is easy to setup and it does not require any experience related to making money online. This system has a lot of upsells and this is a big disadvantage in my opinion. I also notice that the video on their website is misleading.
Another notable problem is that you will have to promote products that you have no idea about. You will not know whether the product works or not and your job is to direct traffic to the squeeze page even when you are not sure about the product.
How Much Does it Cost to Join?
You can join for $19.97, but that is not all that you can spend on this product. You may also find the following upsells inside this system.
Upsell #1: Traffic related bonus
Upsell #2: Ten “Done For You” squeeze pages
Upsell #3: Sixty email swipes
Upsell #4: Secrets of the millionaires video series
Upsell #5: License to Neer’s funnel (reseller rights)
As you can see there are plenty of upsells and you can spend a good amount of money in buying all of them. I do not like the fact that there is no indication of upsells on the front page of the website and you only find out about them after joining.
How Much Can I Earn?
This is a tricky question to answer as each and every individual will have different earnings or some may not earn any money.
It is true that you can indeed earn money from $5k Formula System and there is no doubt about that. I do not think that you will make money like the website claims and in my opinion the claims are unrealistic. Maybe Neel made such kind of money, but he is an experienced internet marketer who knows what he is doing.
If you have a well-reputed blog or a website where people trust you, then you can make some good money from this system. All you have to do is convince the people who visit your blog and website to buy the product that is offered inside your pre-made funnel. There is a problem with earning money this way. Some of the visitors to your website may stop trusting your website if they do not like the product.
If you do not have a well-reputed website or blog, then your options are limited. You can try posting links in comments section of different blogs or websites or on social media, but I do not think that this will work well in the long term. People rarely click on links that are posted in the comments section and even if they do, there is no guarantee that they will be willing to spend money.
So I think that most people will not earn a good income from this system and only a few will make any worthwhile income.
Are there Any Complaints?
Yes, there were some concerns and I have listed them below.
The front page of the website makes unrealistic claims about earnings from this system.
There are a lot of upsells.
$5k Formula System is not a scam because this system somehow works. It offers some okay training that teaches people on how to build their own source of income online. However, there are still downsides for it so you should still be cautious.
One piece of advice, just follow your passion and make sure that you love what you are doing. In this way, you will be able to achieve your goals. I leave the final decision in your hands. Good luck and choose wisely.
- Helpful Training
- Easy to Understand
- Lots of Upsells
- Limited source of commissions
- Can be Overwhelming for Beginners
Is there other Way to Earn Online?
I know that you want to give $5k Formula System a try because you wanted to find another way to earn online. I also feel that you are already tired of your 9-5 job.
Actually, I also felt the same way as you before. I thought that making money online is easy. But I realized that it is not that easy to attain this goals. It is not enough to buy a program and just follow the steps and training.
I believe that a support system is far way more important in order to be successful in this type of business. In this way, if ever you have questions about anything, you have someone to run into.
Now, your next question is, how can you really make money online? My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And this will enable you to enjoy your working time at home.
Basically, you will earn by just following your passion and sharing your thoughts about it to other people.
Right now, I am on my first year in this community and I am already enjoying the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the $5K Formula System, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences on the comments below!