Name: Six Figure Mentors
Price: Free trial of unknown duration. Upsells vary depending on the level of the upgrade. Required add-ons add to the cost.
Owners: Stuart Ross, Jay Kubassek
Affiliate Program: Yes
Overall Rank: 40 out of 100
From the Six Figure Mentor “About” tab.
Our core value is this – we want to bring online marketing success within reach of anyone who has the courage to step out of the status quo (your financial security in the hands of an employer) and the drive to create life on their own terms. All you’ll need is a working computer, a decent Internet connection and the commitment to achieving your goals.
We’re here to give you the tools, training, resources and community support to help you succeed in the online arena – why serve a business until retirement when you can learn to create a business that serves you!
What I know About Six Figure Mentors.
I briefly affiliated with Six Figure Mentors (SFM) because it offered a seemingly brilliant, fail-proof affiliate marketing solution. Their hyped-up ads and presentation material made it look simple – they would provide what you need, you provide the leads (email addresses).
I remember joining for $9 instead of the customary $29 application fee. Oh! Don’t forget the $25 per month introductory monthly membership cost! Sign up was typical net marketing: landing page, payment, thank you, here-ya-go…
One of the first tasks is to fill out a goals questionnaire. How the questionnaire gets answered, coupled with your willingness to fork over the $29, supposedly determines whether Stuart will “accept” you. A sampling of what you’re asked includes what income you have, what do you do for a living, what are your income goals, can you/will you devote x hours a week, and then finally, the learning target: how much of your own money would you spend per month?
Gimme More Dinero
After the introductory material I was hit up for $97 and $25 a month for the first module. During that time, video tutorials showed Stuart walking his newly purchased countryside estate, I’m assuming in England. And don’t forget the Laborghini! Oh yes… There was also a luxurious high-rise condo in Miami…
And there was always some alluding to the existence of a “back room” but that privilege would come later, or so I was told.
The first week’s module was a very interesting, well produced series of videos ranging from how they work, you give them leads (email addresses) and they have their experts “close the deal,” and finally, the basic sales funnel they use. I made the rendition below based on Stuart Ross’s white board video presentation.
The last lesson in the introductory module touched on their high-end ticket sales. Those are the ones where they get $1,000 commissions because some marketing guru occasionally sells $3,000 tickets to his seminar through SFM. Of course, that would come later when I was “working.”
I was a Basic member with a fully attentive “mentor” assigned to me. Only I never heard from him until after I cancelled. Apparently my discounted $9 application fee didn’t cover much. I “never even opened” his emails, according to him, so there must be another reason for wanting out. The only contact info I was given were two telephone numbers in the UK. According to SFM, that didn’t matter – my mentor would be contacting me! Right.
Then at the end of the one-week module, Stuart looks into the camera and deadpans, “Now, pay $297 and we’ll continue.” I say deadpans because he had to be laughing on the inside! The $297 is a one-time payment with monthly payments of $97.
At that point, I investigated a little further and saw that the next “upgrade” would set me back $2,500 yearly for an Elite membership. That membership would give me access to their higher-end memberships with increasing price structures to “get in.” Multi-level marketing alarms began to go off in my head.
At that point, armed with an email address from a fellow “member” who turned out to be staff, I bailed out of the program. Of course, I had to provide my full personal information plus explain to them why, exactly, I wanted out. I did it and they promptly cancelled everything.
The UP Side to Six Figure Mentors
SFM is a highly-defined and well-oiled structure. Once you actually become a working “affiliate” they will provide everything except your product and your leads. They will produce your product, an eBook on your niche idea, help you market your product, etc. Not sure what that will actually cost you because of add-on products they require you to buy.
The 30-day money back guarantee is cool and they do honor it, even if they do ask for your personal information.
The training videos are well-produced and easy to follow, even if they are shallow. The first week’s training module actually touches on affiliate marketing!
The DOWN Side to Six Figure Mentors
Upsell! Upsell! Upsell! Everything about SFM has an upsell vibe to it, from the initial application to Elite Membership. And let there be no doubt, you have to buy all of the product upsells to get anywhere in the program! That’s either a monthly or yearly subscription. See the cost graphic in the Cost section below.
You think you’re getting into one affiliate program, Six Figure Mentors, but once you pass the Elite membership, and assuming you can afford it, you move from Stuart’s territory (Six Figure Mentors) to Jay’s turf (Digital Entrepreneurs Academy or DEA). DEA has the high-end add ons, like membership into the Silver, Gold, Platinum and Black “clubs.” Their associated cost is also in the cost graphic.
Affiliate membership will cost you out the wazoo! In the Introductory and Basic memberships you get a glazed over form of training plus the old proverbial carrot will get dangled in front of you. Basic membership will get you your own landing page and all of the moving parts to promote SFM. You do nothing else, you sell nothing else until you enter the realm of Elite membership.
Six Figure Mentors Target Audience
The SFM promotional materials claim to target the typical audience who probably really need the income rather than the expense that they are about to dive off into.
Six Figure Mentors Training and Tools
As I said before, the training modules are sharp, well-produced modules that touch on the bare minimum of internet marketing, but their content isn’t anything that you cannot find using Google, except that SFM’s training is geared exclusively toward marketing SFM.
The tools you need are required upsells from SFM. That’s a yearly subscription to Simple Lead Capture, monthly subscription to access the Digital Business Lounge, a yearly subscription to their graphics product and a monthly subscription to their tracking product.
Six Figure Mentors Cost, Price Tiers and Upsells
This is where you find the true gist of SFM. Money for them. I don’t have to do the math for you to figure out what you have to do to break even or make a profit. Of course, the entry price, or application fee, is $29.95. Or maybe you’ll stumble onto a special introductory entry fee like I did.
Here’s the current price tiers and upsells from the SFM website.
My Opinion of Six Figure Mentors
From the SFM “About” page, I’ll re-quote part of their statement. The emphasis is mine.
“We’re here to give you the tools, training, resources and community support to help you succeed in the online arena…”
The truth is, they don’t give you anything! The true cost of the product is so prohibitive that it’s hard to wrap one’s head around the fact that you have to sell outrageous quantities of product to get and stay ahead. There’s that old adage that to make money, one must have money. Only in the case of SFM, you have to have LOTS of money! It’s clear to me who is making the money in this venture.
I didn’t like the fact that all of those upsells and add-ons was brushed aside in the beginning. Other than the projected elitism of their membership, no cost was ever discussed. That may be lack of in-depth research on my part, but still, it makes the program take on a certain odor.
The fact that SFM charges what they do readily smacks of scam! In my own experience, their promise of access to a “mentor” and the obvious denial of that benefit forced me out.
They also don’t really teach you anything other than how to market SFM. Nothing really is about affiliate marketing.
Final Verdict on Six Figure Mentors:
If you have the money to spend, at best I would advise you to use caution. Then again, if you have $20K to plunk down, why do you need income?
Otherwise, I have to say stay away from it!
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Wishing you all the best!
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