Is The Six Figure Mentors a Scam Or a Legit Opportunity

SFM HomepageEver have heard of Six Figure Mentors (SFM). Welcome to my review and let’s find out if this program is worth giving a damn about or one to avoid. We live at a time when sometimes it’s really hard to tell a legit business opportunity from a scam. The last thing you want is to be lured by a program that promises the good life only for you to end up with zero.

So just what is the Six Figure Mentors ? Is it a scam or legit? Can you make some serious money?

No doubt you want some things cleared. Well, let’s find out, shall we?

Company Name: Six Figure Mentors

Website: thesixfigurementors.com

Owner: Stuart Ross and Jay Kubassek

Cost: $25 monthly + multiple upsells

STRUGGLING TO MAKE MONEY ONLINE??

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Basically, the Six Figure Mentors is a online marketing program that teaches you how to go about internet marketing, or as they call it, creating the laptop lifestyle. With so many people owning laptops these days, can we get rich with programs like this.

May be may, maybe not.

FoundersFounded in 2010 by Stuart Ross and Jay Kubassek, 2 veteran internet marketers, the program offers you training that comes complete with done for you resources. You are assigned a coach and who helps you build your website using their tools.

What I love about the site is that when you land on it, you have a live chat agent from DEA.

So what the heck is DEA? Digital Experts Academy. This is where you advance to once you are done with SFM. Both are owned by the same guys.

So, apart from learning how to do internet marketing you also learn how to promote the program. These is a common attribute with many online training platforms. You start with almost zero to a couple of dollars. If you want to learn more and make more, you have to pay more.

Welcome to new age MLMs. I know many people, especially the die hards don’t like hearing that word, but it is what it is. You only get commissions paid to you when you recruit others into the program. It’s really no different from recruiting the Amway style. The only difference could be the commissions are higher since there are low overheads.

Products

Let’s check out what is on the menu at Six Figure Mentor;

Once you join SFM you have a 30 day trial period. These however comes with a catch. You have to provide your credit card info.

Impressively, the free trial give you access to a one on one business system consultant who will support you along the away, full access to members site and educational 60 to 120 minute videos.

Like in so many online marketing programs, free membership is just a stepping stone to the real deal. It’s hard to make any real money with free membership. Things only begin to get juicy when you upgrade to paid membership.

SFM products

  • Student membership. $25 monthly. Here you get access to affiliate tools like done-for-you affiliate links and sales pages, sales funnels, marketing banners, a customizable link generator & tracking generator plus live event recordings.
  • Essential membership.  $297 enrollment fee + $97 per month. Here you get everything that comes with Student membership plus access to the private community site, weekly live training webinars and the chance to choose a SFM live event.
  • Elite membership $2,500 per year +. For that cool price you get a system setup certification, the Digital Skills Platform elite courses plus recurring webinars featuring industry experts and prominent leaders.

Is that all, there is to it. Of course not. Once you are done with Elite membership you advance to DEA. Here is where you really dig deep into your pocket. Of course you are also hoping someone else who joins you as an affiliate will get you a fat commission.

  • DEA Silver Program $2,500 – Designed to give you a smooth path to becoming your own full time boss. You also get to consultation from top business strategists.
  • DEA Gold $8,000 –  Here you get to master the digital marketing skills that guarantee customers.
  • DEA Platinum $11,000 – You get to create your own unique online identity brand that the helps you stand out.
  • DEA Black – $20,000 By the time you get here you will be playing in the big league. You are ready to conquer the world.

Compensation plan

Like all good MLMs, there must be a compensation plan otherwise what would be the point? This is the bait that attracts consultants to join the business. It’s all about the commissions you make for sales and recruiting others to join you.

SFM has a 2 -tier compensation plan in that you also make commissions from the sale of your recruit’s recruit. What surprised me with their compensation plan is the low commission percentages of their products. Some guy at the top is raking in a lot of money!

Check out the whole comp plan below.

SFM compensation plan

Pros and cons

Normally, every business opportunity has the bright and dull side that everyone involved in has to come to terms with. For the good, this is a plus while the bad is what determines whether to remain in the game or call it a day. Here are the two sides of the coin when it comes to the SFM business opportunity.

What I like
  • Free membership
  • Great training.
  • Easy website to navigate
  • Resourceful free membership.
What I don’t
  • Too many Upsells
  • Low commissions
  • This is an MLM. You are not going to make money unless you get people to join the business.

Overall opinion.

thumbs upSix Figure Mentors seems like an good company with great products. It is not a pyramid scheme like some people would claim. Opinion is always divided as to whether a program like this is a scam or not. I suppose it all comes down to who is making money and who is not.

Would I recommend it?

No.

Why? You have given it a thumbs up ?

Well, if you feel an opportunity like this can make you money, why should I stop you? After all, as I mentioned, it’s not a scam. Willing buyer, willing seller, right? I am pretty sure by now you can see the ups and downs of getting involved in a business model like this.

I just want to ask you one question. Do you have 20 grand in the bank that you are willing to invest to become a successful online marketer? That can buy me a nice brand new car.

People sometimes over complicate online marketing. It’s not as difficult as you would imagine.  Six Figure Mentors is a high ticket program where members are attracted to the prospect of making big bucks by recruiting others to buy those very same products. Most of the training offered at Six Figure Mentors is easily available online for way less.

Not many people have that kind of money lying around, so they end up with a situation where they are borrowing in order to cash in. High ticket items do not end well for most people.

Getting people to buy online.

All businesses online or otherwise depend on traffic to thrive. Traffic simply means visitors to your site or store. The more visitors you get, the more profits you are likely to make. There are only 2 ways one can generate traffic to their website.

  1. Organic traffic.

    Google and other search engines like bing and yahoo love content. Not just content but good high quality content that is unique and offers value to the reader. Learn how to give search engines what they love and they will heavily reward you for your efforts. That’s what becoming an authority is all about.

  2. This is option 2. Paid traffic is pretty self explanatory. You pay to get visitors to your site. It’s sort of like advertising on TV or radio. Run the ad, the masses listen or watch it and hopefully if the ad is a success, you will have folks tripping over each other hoping to catch the wave.

These 2 options do not need to cost you an arm and a leg.

Let’s talk about the biz for a moment.

Network marketing by its very nature is a legit way of doing business and people succeed big time in the business. In fact there are millionaires in this industry.

What you need to understand is that it’s all about recruiting. Seldom do people even talk about the products. That’s because no one makes money just by selling products. You see, many people fail in this form of business because it is by no means easy as they are led to believe. In fact, less than 1% of all the people who join multi-level marketing businesses succeed.

The very nature of multi-level marketing is also shrouded in a lot of misconceptions and controversy. I can understand why. You are not really giving people an opportunity to make money. It’s more like reaping the benefits out of their hard work.

Becoming an authority in your business

recruiting signIn the years I have been in marketing I have come to appreciate the fact that the only way you can make money online is by having your own website.

Not one that has been provided for you, but one you have built from the ground up. You don’t even need to spend money to own one.

I have been building this site over the last couple of years and it generates me a consistent income.

It’s taken a lot of patience, hard work and total dedication. That is the way the game plays out and it’s something I would not take shortcuts with. Like buying done for you websites.  You have to go the full yard.

It’s not easy to become an authority in online marketing but if you follow the right strategies, it’s not that difficult either. I would highly advise you to check out my number one recommendation. This is an independent education platform that has stood the test of time and continues to get better with time.

Why I think it’s better than Six Figure Mentor is because there are no upsell products. You don’t even need to promote it as program.

You also have additional tools like unlimited keyword research and state of the art hosting, that comes with free SSL certificates. (That ensures your site is safe). Premium membership is also cheaper and it definitely comes with more.

Here you learn the real deal on what it takes to become a truly successful affiliate marketer.  Best of all its 100% FREE to get started with. You also get 2 FREE websites. Yours to keep for life. Check it out. You have nothing to lose. Forget MLMs. They are a waste of time. Thank me later!

Many thanks for reading my review. If you have a question or a comment on the Six Figure Mentor please leave it below. I would love to hear from you.

 

Leonard

Hi there. Great to connect with you. I worked as a graphic designer for many years but could not seem to make much headway. A few years ago I discovered internet marketing and that is how this blog was born. Hazina is a Swahili word which means treasure. It’s what we do here. We help people just like you find their own online treasure. Check out this amazing community based online education program that has helped me build a successful online business and how you too can have a piece of the action.

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