How Success Advisors Can Lead To Financial Disaster

Success Advisor WarningFor years, I’ve been warning people about sales pages offering “Free One On One Consultations” as a “Bonus”.  More often than not, these “free” consultations are used to try to hard-sell you expensive products and services that either you don’t need or at worst are completely worthless.

Commonly used terms for these “free” consultations are:

  • Free Consultation” with a “wealth expert”
  • Free one-on-one consultation with a wealth development advisor
  • Free one-on-one consultation with a personal advisor”
  • Free one-on-one consultation with a success advisor”
  • Free one-on-one phone consultation with a Search Engine Agent Advisor”
  • Free Consultation With A Search Engine Agent Success Advisor”
  • FREE one-on-one consultation with a Startup Specialist”
  • “Free 1 on 1 Training Consultation”
  • “Free One-on-One Strategy Consultation”

The Problem With Warnings

The problem with warnings is…they typically have no emotional impact. That makes them hard to remember…And of course most people think, “it could never happen to me.” But even if these scammers don’t get to you, think about the people you know…your grandma, your sister, your brother, your parents, your friends.

To really see the potential financial consequences for yourself or the people you love, I STRONGLY urge you go listen to a recently posted disturbing recording of a telemarketer trying to squeeze thousands of dollars out of a 56 year old woman working as a secretary at a salary of $24,000/year.

Warning: Disturbing Scam-Ridden Content ahead

The audio content is disturbing, sad, and alarming. Many people have said they couldn’t listen past the first few minutes. However, I hope you will try your best to listen to as much of it as possible.

Why? Because this type of thing is going on at a massive scale, and many of the people behind the operations have been quoted as “experts” on mainstream media channels. In fact, the audio you’re about to hear comes from the telemarketing room of a person who has been deemed an expert on both CNN and Fox News.

Warning: The site you’re about to go to is rated R

Here is the link to the audio: Scamming 2 Debbies

This is an ENORMOUS problem, so you may want to send a link to that page to your friends and loved ones as well.

ClickBank Says Vendors Should Stop Violating FTC Guidelines

ClickBank is a market place where you can find awesome products along with many extremely questionable products. And one thing that ClickBank is famous for is how easy they make it to get refunds if a customer is disappointed in products they purchase through the ClickBank marketplace. I’ve always found that very impressive since it’s an incredibly important part of shopping safely online.

However, recently the marketplace has filled up with all sorts of products promising people “easy money” at “the push of a button” with “no work or effort”.  And finally ClickBank has started to do something about it.

Some are impressed that ClickBank has taken this action. Others are wondering why it took so long.

1.  Some have stated that they would have thought that ClickBank would have their own internal checks in place to review sales letters on a regular basis during a launch. After all – they can easily see how many products are being sold on a launch and how much they are collecting in transactions fees.

2. Others have asked how it is possible that ClickBank took so long to pay attention to obvious Shenanigans going on in their marketplace which have been discussed for well over a year (really much longer, but in the recent 12 months it’s become much worse).

3. And personally I wonder what ClickBank is possibly suggesting when it states, “Per the new FTC information, sales material shouldn’t create the impression that customers can easily earn money without putting in much work”? Does that mean that ClickBank was fine with those kinds of claims…until the “new FTC information” came out (which, by the way is NOT really new (wouldn’t even basic common sense tell a major corporation like ClickBank that the FTC has always been against “claims of easy money with little work”)?.

Again, I’ve been a fan of ClickBank for years – because they have consistently made it easy for customers to get refunds if they are unhappy with a product. So I’m glad that they are finally addressing the questionable marketing practices that have infiltrated their marketplace.

And you’ve probably noticed that WorkAtHomeTruth has always told people that making money from home or online takes works and time – sorry, but it’s true. I know many people chase the dream of fast money every day only to find out that they’ve thrown away thousands of dollars over time. Meanwhile, the ones that take the sensible route are the ones who ultimately become successful. The real question is which path are you going to choose?

Here Is The Letter That ClickBank Sent To Some Of Their Vendors:

“Recently we’ve received a few client questions about issues affecting our industry, such as the FTC’s recent case against Ivy Capital and other “work from home” business opportunities. Specifically, some of you wanted to know how these issues might affect ClickBank vendors, and what we’re doing to address them.

First, please know that ClickBank appreciates the hard work and skill that our vendors put into developing quality products and effective sales messaging that appeals to customers. We want to do everything we can to support your efforts and ensure your products convert as well as possible, while also protecting you from the possibility of getting on the wrong side of the FTC.

We wanted to share some of the most important guidelines to keep in mind when creating your Pitch Page, upsells and other sales material. To ensure that ClickBank vendors stay in good standing with the FTC, we will apply these guidelines when approving new products and working with existing vendors.

Most importantly, please do not significantly alter your Pitch Page after approval. We recognize that some changes are necessary for testing, but if you need to make significant changes to your page (such as earnings claims or images, sales messaging or video content), please notify your Account Manager so we can ensure the new page is also in compliance.

For Internet Marketing products: Per the new FTC information, sales material shouldn’t create the impression that customers can easily earn money without putting in much work, and should give specific ideas of how they’ll earn the money (e.g., content marketing, video marketing, social media, etc). Sales pages should also not overstate how much can realistically be made, or imply that earnings are guaranteed.

The FTC also strongly discourages false urgency/scarcity messaging (for example, “Only 3 copies left!”) when there is no actual scarcity. Closing the doors to new customers after a specified amount of time and reopening later is fine.

Any Pitch Page references to ClickBank sales stats need to be verifiable by ClickBank, and need to have been earned by the methods being promoted. For example, selling an affiliate training product using sales snapshots from a vendor-only account is not allowed.

For vendors using video Pitch Pages, if a Buy Now button appears during the course of the video, the price must appear as well. We also request that vendors provide transcripts of video sales letters when submitting a product for approval.

For upsells, the initial product purchased must be valuable and usable on its own, without requiring the purchase of the upsell offers. Customers must also be able to immediately access their original purchase upon completion of their order, before being presented with upsell offers. An access link may be placed on the first upsell offer page, but the link must be very clear and conspicuous (i.e., not hidden or in a small font). We highly recommend that vendors use ClickBank’s official upsell flows to present upsell offers to customers.

Please submit product approval requests at least several days before your launch, so that ClickBank has time to thoroughly review the offer and request changes if necessary. This is especially the case for products with video sales letters, since making changes to these can take time. We may not be able to accommodate last-minute requests.

To prevent customer complaints, vendors should not close refund request tickets or switch tickets from Refund to Tech Support more than once, and the latter should only be used when actually trying to help the customer and save the sale.

We hope this list helps make our guidelines clear. If you have questions about any of these items, please feel free to ask your Account Manager and we’ll be happy to discuss them with you.

We also want to reinforce that our mission is to make you successful, while at the same time ensuring our industry is on a strong foundation that will last long into the future. Thank you for your valuable work, and we look forward to continuing our partnership with you!”

ExoticFX WARNING

I have just received a warning about ExoticFX from Lynndel Edgington, Founder of Eagle Research & Associates.

I wanted to give you a heads up so you could warn your people that a new Ponzi FOREX program is trying to gain traction on the usual suspect Ponzi forums Talk Gold and Money Maker Group.  The name of the program is ExoticFX.  I explain in my book:  Robbing You With A Keyboard Instead Of A Gun – Cyber Crime How They Do It., the Red Flag Warnings people need to be aware of to avoid becoming a victim of FOREX Ponzis such as ExoticFX and others.

In the past, these type of Ponzi schemes claimed the principal was “guaranteed.”  ExoticFX  uses a new twist by saying that your return on investment is “guaranteed.”  Contrary to what ExoticFX claims, you cannot “guarantee” the return on investment trading in FOREX.

ExoticFX says they are registered in Hong Kong. It is the only thing they say on their website that is true.  But, they are not licensed and registered to trade FOREX anywhere as required by law.

Paul, this is just the tip of the iceberg regarding this bogus company.  There is far more information, or I should say lack of information on their part, that screams that ExoticFX is a Ponzi.  Will it pay?  Of course it will in the beginning.  All Ponzi’s do, but there are only two outcomes of this Ponzi.  They will close and run with the money, or the feds will move in and shut them down.  This is nothing more than robbing Peter to Pay Paul, which is nice if you are Paul.  Too many will be Peter.

Note: The author of this warning Lynndel Edgington is the Founder of Eagle Research & Associates and works with multiple Federal Law Enforcement Agencies.