Are you looking for training to be an affiliate marketer? Learning a solid foundation to owning an online business can create a substantial second income.
Have you come across a program called The Six Figure Mentors?
I would like to give the Six Figure Mentors review of this platform, updated since some significant changes as of June 2018. I have done a considerable amount of research and would like to share it with you.
It can be so difficult to discern who is trustworthy and who’s not. I have been burned a couple of times trying to find the right fit for myself.
Many promise the moon and stars, but all they really want is your money. It’s certainly been a learning curve for me.
I’m so pleased to see you researching these programs before buying into them. You’re a smart person, being careful with your time and money.
My wish is that this review will help you make an informed decision that’s best for you!
I did finally find the perfect online learning platform. If you’d like to read about it now, please CLICK HERE.
Quick Review Of Affiliate Marketing
Before we begin, do you understand what an affiliate marketer is? Affiliate marketing involves 3 people…the merchant, the affiliate (You) and the customer.
The affiliate recommends a product to a potential customer for an agreed-upon commission if the product is sold.
In other words, when your customer buys a product using your link, on your website, they’re sent to the merchant to complete the sale.
Once completed, the merchant pays you a commission for the sale. It’s an online business that you own and can be very lucrative.
What Is The Six Figure Mentors
The Six Figure Mentors is co-founded by Jay Kubassek and Stuart Ross. Jay initially collaborated on a previous program called Carbon Copy Pro, which was then changed to Pro-Elite.
They proclaim to have now designed a program to show you how to be an effective affiliate marketer with cutting-edge tools and support.
They claim to help existing business owners who may want a boost to their current strategy, as well as offer an advanced affiliate system with life-changing commissions.
I must say this is where my “red flags” were raised.
The advanced system is their high-ticket items, which you are required to purchase if you want to get commissions for promoting them.
It’s a tier system. Sound familiar? Yup, it’s an MLM structure.
I signed up as an affiliate in order to get inside to see what they offer. But all I gained was a very limited dashboard.
Every time I clicked on a product, it brought me to a video trying to convince me to upgrade, lol.
Well, sorry folks, I wasn’t willing to pay that much money to check it out?
Six Figure Mentors used to have four levels of membership plus an elite academy. As of June 2018, they have restructured their memberships down to two, and renamed their five high-ticket upsells.
If you want to compare to the previous costs, CLICK HERE to view.
Introductory Access – $29.95 (30-day money-back guarantee)
- First only of Five Getting Started Modules – Program preparation
- Ebook – “Attraction Marketing Strategies of the New Rich”
- Two 30-minute business consultations
- Customer support
Essential Membership – $297 + $97/month.
- You now have access to all 5 training modules:
- Program Preparation – Introduction to selling online
- Picking Your Path – Vision for your future and forming a 90-day action plan
- Planning Your Promotions – The process of setting up your business
- Preparing Your Platforms – Learning marketing concepts
- Promoting Your Products – Learning different promotional strategies
- Additional Training
- The previous Digital Skills Platform has been phased out and replaced with the “Lynda Course” database. Similar to Udemy courses, you can pick and choose which courses you wish to watch.
- Two e-books
- JK Blackbox – Discusses your mindset and the history of digital marketing
- SR Attraction Marketing – Discusses how to communicate with your customers
- Weekly and Monthly live webinars with Q & A
- Access to past webinars
- Daily motivation boosters
- Join the community (Facebook)
- Invitation to exclusive events (added cost)
- Tools – website builder & hosting, landing page creator, graphics creator, and tracking tools
This is an image of their description of the Essential’s membership when you wish to upgrade on the personal dashboard, inside.
As you can see, the dashboard hasn’t been updated as of January 2019. This is a portion of the email I received in May 2018…
- High Ticket Products – to promote (you must purchase before promoting)
- ImportXperts – $2,500 – online training program for imports/exports business
- Marketing Mastery – $8,000 – access to hundreds of short video teaching tutorials
- Brand Incubator – $11,000 – an intensive 3-day branding workshop
- Mastermind Experience – $20,000 – attend VIP retreat with founders, network with other high performers globally, mentor the community
- Elite Influencer Affiliate Certification Program – $2,500 per year
- Additional training, webinars, and coaching geared for selling their products
- Higher commission when promoting high ticket items
Who Is This System For?
Six Figure Mentors is designed for both beginners and experienced marketers.
The Introductory Membership is primarily the cost of applying with an intro to online marketing as well as convincing you to buy their big-ticket items. There are no actionable steps here other than to upgrade.
I believe as a beginner, you’ll get the basic information needed to set up your business with the Essential membership.
You will get to advance your training using video classes from Lynda.com. Unfortunately, this might be scattered with overlapping training at times.
For the more experienced marketer, you have the option of creating an additional income stream by promoting the high ticket items.
Unfortunately, you have the pay the thousands of dollars to purchase them before you can promote them.
How Does It Work?
Before applying for any membership, you must fill out an application form to ascertain your willingness to sell their products, if you can afford them, and your monthly budget.
They say it is to ensure you are a good fit for their community, and if they don’t accept you, you will be refunded the $29.95.
You will also book a consultation with one of their business strategists.
A past member claimed to have had to schedule a Skype call to be interviewed for his “suitability” to advance to the Elite membership. I can’t confirm this, but you could view this either way; a roadblock, or an honest conversation about your desires and finances.
This might seem somewhat intimidating, but I guess if you’re willing to spend this much money on a product, you’ll want to make sure it’s for you, lol.
Once you’ve upgraded to the Essential membership (because you can’t do anything with the Introductory membership), the dashboard will show you the five training modules as well as your resources and training (Lynda).
SFM also has an affiliate program.
The commission structure is a fairly basic one, offering you a generous commission on the membership sales, but quite a small amount on the high ticket items.
You can apply to be an affiliate for free, but get nothing but your links.
You must be an Essential member to purchase any high ticket items. If you join the Elite membership, your percentage doubles from 5 to 10%
As you can see at the bottom of the image, there’s also a referral commission program, which is their tiered system of payment, like an MLM business.
To read about MLM vs. Affiliate Marketing, CLICK HERE.
I wasn’t able to access this page, so I researched online and found a copy of an older breakdown. I’m assuming the newer one is similar but with the updated names of the high ticket items…
Member feedback seems to be divided. The system works for beginners with no knowledge of internet marketing, but those with some knowledge find there are too many time-consuming roadblocks.
You can’t move forward without performing each task. And no useful information until you’ve joined the elite membership.
There is also the problem of market saturation. Their Simple Lead Capture program offers ready-made landing pages, but unless they are revised or changed every so often, the market you promote to will become saturated with the same ads.
Also know, that these landing pages are designed for their products only. You won’t be able to use them for your choice of products outside of SFM.
This can take a very long time to build unless you have a massive following on social media.
This system is very similar to Inbox Blueprint 2.0 by Anik Singal, but ridiculously more expensive, lol.
- step by step modules in an easy to learn fashion for beginner marketers
- services for website building, hosting, and campaign tracking
- dedicated system consultant
- weekly webinars
- online and phone support
- costs of membership levels go extremely high
- done-for-you affiliate links and landing pages
- required tasks on each level cause time-consuming roadblocks
- required to provide personal information such as monthly income, etc.
- must remain a member to receive any commissions
Final Thoughts and Recommendations
I believe this is a legitimate platform but with it high membership costs.
Is SFM a scam? No
Would I recommend them? Yes
One of my biggest concerns is the number of times I read about them asking you to sell their products. There’s nothing wrong with this unless the majority of the training revolves around this.
I’ve already seen their pre-made landing pages which are for selling their product.
The affiliate commissions for their product sales are OK, yet they discuss their affiliate commissions being life-changing. This tells me that there is probably a big push to sell their high ticket items.
Compared to the small commission amounts of the affiliate program, their tiered system is where you can make more money.
But the only problem with the MLM business style is that you have to keep working to add to your downline.
You will also have to work hard at motivating them. Will you be hounding your friends and family?
This is what I hate about any MLM business!!
I also came across negative reviews about spending a lot of money and not making any. This I believe because promoting high ticket items is very difficult. You have to target the right audience, which isn’t easy in itself.
Here is one such review. This was earlier in the year before their name and price changes.
And what if they suddenly disappear? No joke! It’s happened before with other systems. There go your made-for-you material and your income.
That’s what happens when your business is dependant on someone else’s.
This is why owning your own online business is so important. No one can take it from you.
And to do that, you need to seek out a training platform that offers you a solid foundation for success.
The alternative I mentioned is called Wealthy Affiliate. It’s a platform that provides you with an excellent education and all the tools and services you’ll need under one roof.
All the training is done in a methodical manner, meaning they take you by the hand from A to Z.
There’s no going to another platform to try and figure out what courses you should take. They lay it all out for you, right there.
The live community is 24/7/365 and is global with over 1.5 million members. There are always many members online to answer questions and give support, even at 2:00 am.
And the best part is that you can join for free (NO credit card needed), and no application form asking personal questions.
If you decide to become a premium member, it’s only $49/month or $359/year. That’s a 40% savings right there.
And believe it or not, it includes everything above, and more, but without the exorbitant fees.
That tells me that the founders, Kyle and Carson, are serious about wanting to help people. Over a million members will agree!
So why not give them a try? You have nothing to lose with a free membership….but everything to gain!
Once you join, I promise to meet you inside. And I’ll personally help you as long as you need me to. See you soon!
Have you discovered programs you’d like to talk about? I would love to hear from you.
Please leave me any questions or comment below.
And if you know of anyone this would benefit, please share!