5 Minute Mogul Review- Are These Redflags Of a Scam?

Posted by Vince in Scams | 0 comments

You know, when I started creating this 5 Minute Mogul review, I could already see where this was going. This is a “4 step” system for people who are interested in creating online income. There are programs out there that are specifically designed to entice you to join right away by marketing the whole free aspect of starting an online business or seeing results with a system. This is one of them, and not unlike many many others out there on the web. Let me break it down for you and show you why I cannot recommend this. Is it a scam? Well, you tell me. Here are some big red flags that I saw, and why this is not going to be free. Is anything really in life worth your while free though? I didn’t think so.

The Sales Video

So basically, the founder is going to explain to you kind of through a monopoly game analogy, of how the system works. He says that with just putting in 5 minutes of work per day that you can develop a six figure income and business straight from home. This is probably going to attract a lot of desperate people who are eager to get rich quick. There really isn’t too much info in the video other than him showing some earnings, which I’m pretty sure is coming from the launch of the system alone. But this sales video is not an uncommon in the how to make money online industry. It is all designed to get you really curious about learning more so you actually sign up, and this is where they get you.

Set Up Your Autoresponder (Pure Leverage)

After you have signed up and gone through the process, it is actually very easy to see what is going on here you are going to be entitled to be complete each staff within the system. You are pretty much joining a whole new program in itself that will cost money in order for you to actually make money with the system. Let me explain. One of the steps is going to encourage you to join an autoresponder called Pure Leverage. I have actually done a review of this product and I cannot recommend it. But if you want to use this tool it is going to cost you about $25 per month, in which the owner or affiliate who referred you, gets a cut from.

Email Swipes, Banners, and More 

The next step is going to include a bunch of free stuff for you to use. But keep in mind that none of this stuff is actually going to generate you any income. Instead you are going to receive a few emails swipes which are pretty much pre written emails that will “sell” for you once you promote this to people. Another thing that you will get are banner ads. This is stuff that people can click on if you have a website and join under you. There is a huge problem with this step. It is utterly useless to you unless you have some kind of source of traffic, which most beginners do not have. It’s really confusing and it’s all just to add some kind of perceived value to the system when it really is nothing of value at all. Again, it’s part of the process of making you feel that you are getting one step closer to actually creating income or actually creating a profitable home based business. You have a long way to go.

Traffic That You Pay For Usually Is Garbage

Then there is the third step which is going to you encourage you to invest in some paid advertising for traffic. This will definitely sound appealing for a lot of lazy people because they think they’re going to get easy traffic and make easy money. Its going to cost you an insane amount for paid traffic. It’s going to start at about $300 and can cost you up to $1000 per month to get on the prorgram. Let me just say something from experience. I learned my lesson trying to do this. What you’re going to be investing in are solo ads, traffic exchanges, Facebook, and other different lead generation programs.this is the problem. The traffic tends to be garbage and low converting. Its not just you, but it would also be everybody else trying to make money with 5 Minute Mogul and all the other programs out there that involve all these traffic sources. I would say that any kind of paid automated traffic in the make money online niche is going to be utterly garbage. The conversion rates will be low, usually a lot of visitors come from distant countries, and this leads to less conversions.

The Coaching Subscription Plan

Then there is a coaching or mentorship program available to you for a ridiculous amount of money each month as well. It starts out at $37 and goes up from there to about $1000. This is almost like a whole business in itself and is multi level marketing where you are going to make money when you recruit people under you who also invest in the coaching. There are different levels and really the one who is going to make the most amount of money is the person at the top, the owner. It’s insane how in the beginning everything was free, and now you are asked to pay for mentorship each month. Everything about this system is set up to build subscriptions and place money in the pockets of the creator.

Getting Ready To Get Ready 

If somebody were to ask me what exactly 5 Minute Mogul really is, I would say it is nothing more than a system that gets you ready to get ready. What I mean by that is, these are all steps to get you set up and ready to make money online, but none of them, in my opinion, would help you actually make money online.

Get me?

All of these steps that you complete put money into the affiliates pocket or whoever referred you to 5 Minute Mogul. Do you see what is happening? But for you, it is going to be a long road of trying to figure out exactly how to make this work. Each of the steps are nothing but setting up yourself steps if you will. It is definitely lacking in a lot of stuff especially proper IM training. One simple thing for an example is how to build a website that generates traffic. My opinion this should be one of the most important things if you are ever going to make money online no matter what niche market you are targeting.

Why Does Stuff Like 5 Minute Mogul Exist?

It’s all about the money. Actually, it’s all about the easy money. You see, it is really easy to scam new people who are looking to make income on the internet. You might have gone through Google, maybe you received an email, and you really just don’t know better. When the new person opens up the page and watch the sales video, it looks promising. There is a camera and a person in the video describing how he makes all this money and how he is going to show you what system he is using to do it, and how you can get started for free. It is nothing more than a setup for a sales funnel. They lower down the bar extremely low and offer you a way to get in for free.

Once you are locked in and want to complete the system because you think you’re actually going to make money, you have to complete the steps. Each step, in this thing except for one, is going to involve whipping out your credit card and paying money. The owner of this system and affiliates of the system are the only ones that are going to make money.

Does this make any sense to you?

I’m thinking that the earnings you see in the video are simply from all the people that have completed the steps under this guy’s system. The reality is it is extremely difficult to actually make money with these systems because you really have to know what you are doing. I definitely would never recommend this to anybody and I’m sure, there will be another one popping up anytime soon. Thanks for reading, and let me know what your experience has been like with 5 Minute Mogul.