Is it possible to make money online without spending money? Eric Holmlund and his partners Paul Counts and Jeff Wellman say you can and promise step-by-step training to show you how. However, there’s more to the story. Follow me to see the Devil in the details.
Product Name: No Cost Income Stream & The Real Coaching Club
Cost: $37, plus $97 upsell, plus $97/month coaching
Owners: Jeff Wellman, Paul Counts, and Eric Holmlund
Opinion: Not Recommended
What Is No Cost Income Stream?
The No Cost Income Stream sales video opens with the promise to teach you how to make money online without spending money.
In the first few minutes of the sales video, Eric Holmlund introduces himself and his partners Paul Counts and Jeff Wellman. And, he mentions his faith, which I find disturbing. In my experience, when a salesman mentions his faith it’s advisable to grab your wallet and run away.
Make no mistake, Eric Holmlund is a salesman.
What You Get.
The No Cost Income Stream is a set of 89 short videos that teach several strategies for making money online with free tools and resources. These strategies include product launches, freelancing, video marketing, list building and affiliate marketing.
Keep in mind that the free tools and resources mentioned in the No Cost Income Stream are not part of the course. These tools and resources are available online without you having to buy the course. Also, you don’t need No Cost Income Stream to tell you can you make money on freelance sites.
No Cost Income Stream Bonuses.
Holmlund throws in several bonuses including what he calls a graphics home study course and a set of videos that show you how to use free tools to make videos, plus the $100K Affiliate Course and 10 PLR List Building Packages.
In typical fashion, Holmlund concludes the sales video with claims that the No Cost Income Stream and bonuses are worth over $2300. They’re not. If Holmlund could get $2300 for it, that’s what he’d sell it for.
However, after he inflates the price to $2300 and then drops it down to a single payment of $37, you might think you’re getting a steal. You’re not.
What Is No Cost Income Stream, Really?
You can make money online without spending money, but it isn’t practical to do so. Making money online without spending money is mindnumbing and labor intensive.
The truth is, it’s doubtful you will use any of the training in the No Cost Income Stream. That’s not what it’s made for. The purpose of the No Cost Income Stream is to draw you into Holmlund’s sales funnel under the belief you can get something for nothing. You can’t.
There’s No Free Lunch.
If you want to make money online you will either have to spend money or spend time. What Holmlund and partners don’t tell you is that trying to make money online without spending money is labor intensive and very time-consuming.
When you try to make money as an affiliate without investing in your business, it will take a long time to see results. Most people quit because they can’t justify doing the work if they are not making sales.
A similar thing happens on freelance sites. On these sites, you make very little money for the time you spend doing the work. It’s discouraging.
In fact, inside the No Cost Income Stream training, Holmlund reveals that if you want to scale up your business you’ll have to purchase a domain, web hosting, premium tools, and an autoresponder service, plus pay for advertising. That’s a far cry from making money without spending money.
It’s Going to Cost You.
If you purchase the No Cost Income Stream for $37, you will be confronted with a $97 upsell and a $4.95 trial for monthly coaching. The monthly coaching converts to $97 a month after the trial period.
$97 a month is expensive for coaching and much different than the promise you can make money without spending money.
The true purpose of the No Cost Income Stream is to deliver you to the high-priced coaching which you pay for month after month.
The Last Word on No Cost Income Stream.
Don’t you find it ironic that Holmslund promises you can make money online without spending money, but then asks that you spend $37 to buy his product, $97 for the upsell and $97 a month for coaching?
CBEngine, a ClickBank resource tool that publishes the inside data on ClickBank products, reports that the average No Cost Income Stream sale is $168 and that the average rebilling total is $1,127. That is what people are paying Holmslund and his partners once they are in the No Cost Income Stream sales funnel!
If I paraphrase Holmslund’s sales pitch, he’s saying, “We’re decent men of faith and we’re trying to help you make money online without spending money.” However, the truth is it will cost you at least $37 and perhaps as much as $1,127! How decent is that?
Clearly, No Cost Income Stream is designed to appeal to people who don’t have much money. It is reprehensible that Holmlund and his partners lure people to his sales page with promises of making money without spending money and then try to squeeze over a thousand dollars out of them.
Holmlund’s promise to teach you how to make money without spending money is misleading and predatory. Why would you trust someone who intentionally misleads you?
How to Really Make Money Online.
As I mentioned earlier, you can make money online without spending money. I write about it here. However, it’s time and labor intensive. Most people don’t have the discipline required to make it work.
Instead of trying to make money without spending money, I suggest you learn how to spend money wisely to learn the proper skills and to build a successful online business. It doesn’t have to cost very much. In fact, with the right training, you can build a profitable business on a shoestring.
Start with the Online Entrepreneur Certification Course. The first level is FREE and includes everything you need to get started. You also get one-on-one coaching for FREE! Start with the free training and you will soon know how to wisely build a profitable online business without overspending.
To learn more about the Online Entrepreneur Certification Course, Click Here.
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