A huge welcome to my review of Matthew Neer’s 5K Formula System!
Just what is this “system” really about, 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…
Quick Overview:
Name: 5K Formula System (5KF).
Website: 5kformula.com.
Cost: $19.97 + almost $500 worth of Upsells/Downsells.
Owner: Matthew Neer.
My Score: 4/10.
Summary: Put simply, the 5K Formula System is designed as a ‘Done-For-You’ sales funnel.
Where you’ll be building an email list and earning affiliate commissions from promoting Neer’s products.
But I’m not particularly a fan of Neer and his system for a number of reasons:
Firstly, he hypes up the whole thing – making it seem easy for newbs to rake in the dough.
Secondly, you’ll need to invest $100s in the system in order to get it airbourne and profitable – which will take time.
And thirdly, it operates within the ‘make money online’ boundaries – which is a highly competitive niche.
Furthermore, if the niche doesn’t tickle your fancy, then you’re gonna get bored promoting 5KS VERY quickly.
So from a novuce point of view, it’s not something I’d personnaly roll with because it’s not how affiliate marketing should be done.
But it’s your judgement call, at the end of the day.
But before diving into my review for the lowdown on Matthew Neer’s system.
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Table of Contents
What’s The 5K Formula System All About?
Matthew has designed the 5K Formula System as a “New Instant Commission System”.
One, that 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 also 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:
What he fails to disclose is the amount of time and effort he invested into acquiring and applying internet marketing skills.
Basically, it’s taken the guy YEARS to get to where he is now.
So whether you get a ‘Done-For-You’ affiliate system or not from him – just don’t expect any miracles.
Because you’re still gonna have to do some legwork by generating “targeted” traffic to the system – which isn’t easy, I’m afraid.
How Does 5K Formula System Actually Work?
The inside of the members’ area looks like THIS:
Where 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“.
More specifically…
The main product (a ‘Done-For-You’ sales funnel) apparently helps brand new Affiliate Marketers to make their first 5,000 Buckaroonies.
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 – which Neer doesn’t explain.
I digress.
The sales funnel you get is basically designed for you to build an email list and promote Mr. Neer’s system, as well as his own products.
To help you make the most of the system, he provides you with numerous pre-built squeeze page templates to choose from
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 website around something you “love”.
Instead of something just for the sake of earning a fortune – like most folks in the ‘MMO’ industry do.
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.
Whilst on The Topic of Costs: How Much is The 5K Formula System?
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.
Of course, you could always roll with “free” traffic methods.
But growing a business from free traffic takes A LOT longer – especially if you’re not clued-up about it from the offset.
Final Thoughts: Is 5K Formula System a Scam?…
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 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, you’re looking at months of marketing the hell out of your funnel before those $5K/monthly paychecks come flooding in.
Here’s The “REAL” Way to Make Money Online…
No disrespect to Neer and his “system”, but there are far greater ways to make money from the concept of affiliate marketing in this day and age.
Not just better, but also MUCH cheaper methods too.
For example, the platform I use provides you with websites, tools, step-by-step training & 24/7 support – all for just $359/year!
And it’s these resources combined that are gonna enable you to generate a full-time affiliate marketing income as a “blogger”.
So if this floats your boat as a newbie…
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Your Friend, Neil 😀
If you have any questions or thoughts on ‘5KF’ – We’d LOVE to hear your comments below…
