I read something online recently that stated that if you want to make big bucks with affiliate marketing, you have to sell high-ticket items. That makes sense to me. If you are working on a commission basis, you will make a higher commission if the retail price is high.
Then I came across six-figure mentors (SFM) and I wondered if they were focusing on high-ticket sales.
There were many reviews of this company online. After looking at their web page and reading several reviews, I decided not to try it. Here is the information I gathered:
NAME: Six Figure Mentors
FOUNDERS: Stuart Ross and Jay Kubessek
PRICE: $29.95 +$297 + $97/month + $2,500/year + opportunity to join Digital Experts Academy Prices by level: Silver $2,500; Gold $8,000; Platinum $11,000; Black $20,000
RANKING: 2.75 out of 5
I learned that there are actually two parts to this company. The first part is called Six Figure Mentors. You can sell the programs from SFM to others and earn commissions. However, according to the owner, SFM is an educational site, and if you are in it to earn big bucks, you’d better ask for a refund.
Then, if you investigate further, you learn that after you work your way through the levels in Six Figure Mentors, you are eligible to join the Digital Experts Academy (DEA). Here’s where the big bucks come in.
The four levels of Digital Experts Academy will cost you a minimum of $41,500. In order to sell each level to someone else, you have to first buy it yourself. Throughout this company, you receive commissions only as long as you keep your membership paid up.
Oh, yes, your product is the company itself. After you join, you recruit others and make your money from their membership fees. As you move into the Digital Experts Academy and move up through those levels, though you pay a lot more, you will earn a lot more. Remember, high ticket items equal high commissions.
I watched one video made by one of the owners, Stuart Foss. In that video, he explained that Six Figure Mentors is an educational system, offering education, mentoring, and coaching. You will learn great online marketing skills from experts, giving you information on the cutting edge of internet training. You will learn from experts and can plan your dream life.
Here are the levels of Six Figure Mentors:
AFFILIATE ACCESS: Free for those who are moving through the levels of Six Figure Mentors and want to promote the company.
STUDENT: Free 30-day test drive, then $29.95 per month. As a student, you get access to the members-only site. The “student” gets a step-by-step online business module; a record of the Six Figure Mentors Founder’s Visionary Call; access to a business system consultation; access to the digital skills platform. You can learn online skills through hundreds of short video tutorials.
ESSENTIAL: $297 + $97/month. You get access to the Digital Business System live weekly training. You join the Digital Business Lounge Premium Membership, which is a platform for purchasing your domain, installing and designing your website, live event eligibility, access to the community site.
ELITE: $2,500/year + $97/month. Elite is essentially a private mastermind, hosted by one of the founders. Elite is designed to help put your learning on fast track and focus you on money-producing activities. It also qualifies you for the highest commissions possible, selling SFM packages.
The commission schedule looks reasonable. For example, if you are Elite and you refer a new Elite member, your initial commission is $1,000 and your residual annual commission is another $1,000.
So, why, when I read reviews and comments, did I not hear of anyone making any money? Several people commented that they were in for months and made nothing.
Remember, we are admonished in the beginning that Six Figure Mentor is not about making the fast buck, but about education.
From what I read from members’ comments or from reviews of SFM, the education is actually quite good. If you delve into the multitude of training videos (over 6,000) you can learn a great deal about internet marketing.
Therefore, when the company claims it will educate you, they are being truthful. Still, the prices are a bit high for an online education course, when you can learn much of this information free if you dig for it. Of course, it is convenient to have it all in one place, so you don’t have to search it out.
Another of their strong points is that they help you replace your mindset from limiting beliefs to a much more positive outlook, and give you mental tools that will help you succeed. Such training is quite valuable.
Oh, yes, I almost forgot: There are other things you are asked to buy. The Digital Business Lounge costs $37 or $67 per month. The Simple Lead Capture costs $29.95 per month. Graphix Creator is $99, and something called Simple Trax is $9.95 per month.
I read a number of reviews from people who said that for the first few days they were members they were bombarded with relentless upgrade offers. These upgrades might be offered at a discounted price if you pay within a certain time limit. There is even a digital countdown to try to create a sense of urgency in you to purchase before the price goes up again.
Once you become an Elite, you are invited to join the Digital Experts Academy. If you wish to move forward to make the big bucks, you will need the Digital Experts Academy.
Here you will be provided with mentorship and training by experts in the field. You will be able to fine-tune your knowledge base and fill in the gaps. According to their information, in 10 to 15 years, 40% of available jobs will disappear and will be replaced by artificial intelligence or technology. An online business prepares you for such a change.
One thing that bothers me — you are told in the introductory material that you can market any product or service that you wish. However, folks who did reviews or left comments about the company said you couldn’t really market anything but SFM itself because of the way the training is set up.
One review said that the intro and basic memberships were really worthless, because you didn’t get the training you were promised. Also, when eligible, you can confer with a training coach, but you must set an appointment or ask questions through email. You have no access to the owners themselves.
- Good for someone with unlimited funds; then it could perhaps be quite profitable
- You can gain basic affiliate marketing knowledge
- You will learn online marketing skills
- You receive valuable mindset training
- There is a 30-day money-back guarantee
- Costs ‘way too much if you join Digital Experts Academy, which you really need to make the big bucks
- Costs enough just for SFM membership, with all the extras you are required to buy
- All you can market is SFM, but not your own choice of business
- They don’t say much about advertising, which you will also have to purchase
- The people making the big bucks are in the top ranks. They got there through the money they made from the folks on the bottom.
Yes, I’d like to make big bucks, but not by spending far more than I have. That would not help me at all. I think, if someone had a large amount of cash to invest and knew a lot of well-heeled folks, he could do well with this company. I am just not in that kind of money category.
It is good to receive thorough mindset training. It is so important to learn how your own mind can be sabotaging your progress. I commend them for that.
They do seem to have a lot of educational materials to pass out to their members, so you should get some decent training from them.
I’ve been thinking about this company. I do believe their intent is for you to succeed, but their price is high. I believe that, if their system worked in the way they intended, you would receive your education in Six Figure Mentors and you would also make some money.
That money, applied to the Digital Experts Academy, could buy you the first level. From there, your sales would be needed to move you through the levels.
At the top, selling those platforms would bring you your six-figure income. It is said that it takes money to make money. I believe Six Figure Mentors is intended for your education and to help you make enough to start DEA.
The problem is that to make money with Six Figure Mentors, you have to be a salesperson, and many people simply cannot sell. Also, for some, this is not a system that fits their particular skill set. It will work for a few.
The rest of you need to find a less expensive way to make your big bucks.
I would suggest that if you want to try this company, you learn as much as you can from Six Figure Mentors and then set up your own online business, or find another company where you can put your new knowledge to good use.
In such an event, I would recommend that you try the company I have chosen, as it will provide you with all you need to reach success at a price you can afford.
It will also provide an interactive community of many thousand members who willingly reach out to other members with answers to questions that provide helpful solutions to problems.