Just what is the 5K Formula System, huh?
Is it a legitimate way of generating a stack of cash that actually works or another scam that’s gonna leave you high and dry?
Well, my fellow Grasshopper – there’s only one way to find out!…
Name: 5K Formula System (5KF).
Cost: $19.97 + almost $500 worth of Upsells/Downsells.
Owner: Matthew Neer.
My Score: 4/10.
But before diving into my review for the lowdown on Matthew Neer’s system…
==> See how I make money online here – A platform which gives you everything you need for turning your hobby or passion into a FULL-TIME income as an Affiliate Marketer.
What’s The 5K Formula System All About?
Matthew has designed ‘5KF’ as a “New Instant Commission System” which apparently makes him $5,000 on 100% autopilot for free!
In fact, it’s “so easy”, he does it in his sleep.
And he also claims that you can generate that kind of income too by using his ‘Done-For-You’ system.
But right off the bat, his system comes across as “too good to be true”, particularly from a newbie standpoint.
While Neer may be telling you the truth about the $1,000s he rakes in from his money-making system, is ‘5KF’ REALLY gonna do the same for you?
Or does the guy try to feed you a bunch of baloney, like the many scam-artists out there?
Before I share my true thoughts on the subject and give you an honest answer…
How Does ‘5KF’ Actually Work?
The product (a ‘Done-For-You’ sales funnel) apparently helps brand new Internet and Affiliate Marketers to make their first 5,000 Buckaroonies online every month.
Unfamiliar with a sales funnel? Get my review of ‘DotCom Secrets’ for more info!
But in my opinion, it’s a pretty bold claim for Matthew to make since nobody can really predict how much you’re gonna reel in from the web.
It might be at the $1,000s, $100s or even the $0 mark if you’re super unlucky. Who knows! There are always variables to consider when it comes to online success.
The sales funnel you get is basically designed for you to build an email list and promote/sell Mr. Neer’s system as well as his products in return for affiliate commissions.
To help you make the most of the system, he provides you with numerous pre-built squeeze page templates to choose from.
Additionally, in the members’ area – you get a basic ‘Quick Start Guide’ and ‘Free Traffic’ training, plus email swipes and other resources for allowing you to hit the floor running with your new “business in a box”.
But It’s Not All Rainbows & Butterflies…
While you do get a good selection of ready-made squeeze page templates to leverage – at the end of the day, there’s nothing really special about them, especially when the system doesn’t really belong to you.
One of the things I hate about these ‘Done-For-You’ systems is that you peddle them to fill somebody else’s pockets.
I also dislike the fact that your niche is already pre-defined. Once you start promoting ‘5KF’ and building an email subscriber list, you’re stuck in the “make money online” arena.
Yes, Matthew’s system could pocket you a pretty penny.
But if you really wanna succeed online, at least choose to build a Biz around something you “love” instead of something just for the sake of earning a fortune.
The other bone I’ve got to pick with Matthew is the fact that his “free traffic” video resource is misleading because what he actually provides you with is some guidance on building a list on a “budget”.
So obviously, you will need to splash out extra cash on the promotion of your sales funnel for “targeted” traffic and potential subscribers/commissions.
And Whilst on The Topic of Costs…
In addition to the $20 cost for getting your foot in the door with ‘5KF’, there’s a combination of upsells and downsells that amount to $495 for business-building resources.
The add-ons are the very same products promoted within your sales funnel to earn you 50% commissions, which is pretty generous.
Wouldn’t you agree?
But having a ‘Done-For-You’ funnel with products ready to roll for profits is only half the battle because you’ll still need to fork out $100s for paid traffic from various sources to get your Biz off the ground.
So it’s certainly not a cheap process for getting started online, I assure you that.
My Final Thoughts…
To be perfectly honest with you, the $5K Formula System is 100% legitimate.
However, in my opinion, the $5,000 per month income claim (especially for a newbie) is a pretty far-fetched statement because it’s not that simple, and there are no guarantees.
Now, I’m NOT saying that you can’t make money with Matthew’s system because the potential is definitely there for you to cash in.
But what I am saying is that Mr. Neer makes it sound far too incredibly quick and easy to rake in a fortune using his “plug n’ profit” system.
From what I’ve seen with some “seasoned” marketers (those taking part in the ClickFunnels Affiliate Bootcamp) who have created their own “high-converting” funnels – it’s taken them a good number of months to attain financial freedom.
Even when “newbies” do get their hands on pre-built funnels from guys like Matthew, it’s still a timely (not to mention, costly) process for becoming profitable.
In my opinion, from a novice standpoint, you’re probably looking at a good 12 months of marketing the hell out of your funnel before those $5K/monthly paychecks come flooding in.
The Bottom Line: Matthew’s system has the potential to work for an income.
But because he’s being unrealistic about the whole “noobs can easily make $5K per month” thing – ‘5KF’ is not recommended, in my book.
If you’re a beginner looking for the best place to get started for making sustainable money online, and one that’s more cost-effective than starting out with a sales funnel…
Your Friend, Neil 😀
If you have any questions or thoughts on ‘5KF’ – We’d LOVE to hear your comments below…