Six Figure Mentors claims to teach you how to make money online. However, the Six Figure Mentors is at best a very expensive MLM selling over-priced training packages. Many characteristics of Six Figure Mentors suggest it may be a pyramid scheme.
Product: Make Money Online Training and Coaching
Product Website: thesixfigurementors.com
Product Cost: Free, $97/mth to $20,000 & $2,500 annual fee.
Product Owners: Stuart Ross and Jay Kubassek
Ranking: Not Recommended
Is the Six Figure Mentors a Scam?
Six Figure Mentors is not what it appears to be. At best, it’s an MLM selling horribly over-priced training packages and coaching. I found no evidence their system works. The Six Figure Mentor earning disclaimer suggests that their system does NOT work for most people.
Yes, their website is slick and seductive and yes, the founders Stuart Ross and Jay Kubassek say all the right things. However, if you get involved with Six Figure Mentors, you will waste a lot of time and emotional energy and spend a lot of money. It’s doubtful you will ever break even with their program.
Six Figure Mentors resembles a pyramid scheme, much like other schemes I’ve investigated such as MOBE, Aspire Digital, and The Empower Network. Each of these organizations preys on the uninformed who want to make money online. These are dangerous organizations.
The danger in Six Figure Mentors is the large upfront fees. While there are a free membership and a student level, these are just ways to get you into the organization where you will be hammered to go all in and buy the higher levels which cost $20,000 with $2,500 annual fees. You will also need money to pay advertising fees. Financially, you will be steadily marching backward before you make a dime.
Any organization that wants big money from you up front is not your friend. The Six Figure Mentors leadership know that most of their members will drop out after a month or two. This is why they try to squeeze as much money out of you as possible in the beginning.
Imagine borrowing $2,500 or more to play their game only to realize a month or two later that Six Figure Mentors will only keep pushing you to give them more money? There are no refunds. If you give Six Figure Mentors your money, it is gone forever.
The leaders in Six Figure Mentors might be charming as they drive you into debt, but the result is still debt.
About Those So-called Mentors.
It is suspicious that successful marketers said to make six and seven figures a year would want to spend their days mentoring newbies. If they are doing it to give back, why are they charging $2,500+ a year and promoting packages that cost $20,000?
The mentors will always encourage you to buy the next highest level. The truth is, they are not mentors. They are just someone trying to sell the Six Figure Mentors program. They probably don’t know anything more than you do about making money online.
When you join Six Figure Mentors you become a “mentor” to the people you recruit into the program. That’s all there is to being a so-called mentor.
You Pay to Build THEIR Business!
Six Figure Mentors claim to teach you how to make money online. However, like Huckleberry Finn who made his friends pay him for the privilege of doing his work painting a fence, Six Figure Mentors will make you pay for the privilege of selling Six Figure Mentors products.
In other words, you will be paying Six Figure Mentors big money so you can help them build THEIR business.
If you join Six Figure Mentors, you are betting your future on a rigged game and paying out the nose for it too.
When you join Six Figure Mentors, they lock you into using their tools such as their website builder and landing page builder. You pay for these tools, but you can’t take them with you if you leave. If you leave Six Figure Mentors, you cannot take your business with you either. It’s locked inside Six Figure Mentors!
The truth is, you can buy all the tools and all the training that is offered inside Six Figure Mentors on the internet for about a thousand bucks. You don’t need everything they have, but if you want it, you can get it for a fraction of what they are charging!
Plus, when you buy the tools outside of Six Figure Mentors, you own them! If you build your website outside of Six Figure Mentors, you also own it and have full control of it. No one can take it away from you. That’s the smart way to build an online business.
Ask the FTC.
The United States Federal Trade Commission determines if an organization is a pyramid scheme by several tests. Such tests include whether the organization sells mostly to its members, if the products are irrationally over-priced and if members must buy a product before they can earn commissions from it.
It would require a thorough investigation and legal proceedings to determine if Six Figure Mentors is a pyramid scheme. However, using the FTC criteria, Six Figure Mentors is certainly suspect. (Read about pyramid schemes here)
Learning to make money online the right way does not cost thousands of dollars. A legitimate training program will include everything you need to know, plus support, resources, and tools for about fifty bucks a month. If you pay more, you are being robbed.
Six Figure Mentors is Selling the Dream.
Like most scams, Six Figure Mentors sells you the dream of making lots of money online, achieving financial independence and personal freedom. In this dream, all your worries and sorrows fade away. It’s wonderful.
Play it Safe. Play it Smart.
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