Is the 8 Figure Dream Lifestyle a Scam?
I can’t remember how I happened into signing up for an 8 Figure Dream Lifestyle (8FDL) webinar – scheduled for a Saturday morning no less. I think it must’ve been another listing in my Facebook news feed and I followed up as it seemed to be using similar language to the Timothy Marc thing: all “freedom business” and other promises of being location independent and yet still have you rolling in money. I think I was looking at alternatives after dropping out in disappointment from Timothy Marc’s group.
Well, not to worry too much, because I forgot all about this webinar and was only reminded of it when I saw the “We’re sorry you couldn’t attend our presentation…” follow up email, which contained a handy link to a recording of it. Assuming the webinar wasn’t a screening of the same recording itself.
It was one hour thirty and six minutes long and I made it to thirty five minutes before I bowed out. I skipped ahead some too, past the usual fluff at the beginning about how great the two coaches, “coach Brian” and “CJ,” lives are because of 8FDL, and how much they’re (supposedly) making.
It started off using all the same language as Marc’s program, about running a location independent business and living the dream etc., but when it got to the meat of how all that was to be achieved, via a recorded sales pitch played during the webinar, it became evident this was different and just another scheme à la MOBE/Empower.
You’re not setting up any business except trying to convince other folks to buy various levels of the same scheme (or license as MOBE calls them) that you did yourself.
Like those other MLM pyramids, you get a little training on internet marketing, then off you go to try and get others to buy into the same hole you’re in.
The hook of this scheme is that you get 100% commissions. That’s pretty unusual, I mean how does that model generate money for the business owner if he’s giving it all away?
Because 8FDL charges an annual admin fee for whatever level you’re currently sitting at. Here’s a listing of the program levels and their fees:
Basic Membership – $2,000 + $195 admin fee (Includes a series on meditation, marketing modules, flyers, law of attraction, self-esteem and motivation).
Builder Package – $3,500 + $295 admin fee (Includes training material for the fitness niche, how to lose weight, material on motivation, and more).
Advanced Package – $6,500 + $395 admin fee (Includes 25 training videos on how to drive traffic to a sales page).
Pro Package – $12,500 + $445 admin fee (Includes training on how to use YouTube for traffic, email marketing, list building, hosting webinars and more).
VIP Package – $22,000 + $495 admin fee (Includes templates for webinars, podcasts, video pitches, email copy and social media).
That’s a lot of money for training you could get for free off the Web or at the very least, for a fraction of the cost elsewhere if you couldn’t be assed looking.
But the ‘training’ and products are almost superfluous, what you’re really paying for is the right to get the bigger commissions, by first buying into them yourself.
So what are you selling? Fog. Just like our old friends MOBE and Empower (with an honorary shout out to Shaqir Hussyin). You’re not selling ebooks on dieting and meditation for thousands of dollars, you’re selling the system’s package levels in classic MLM/chain letter style; you’re selling the system on how to make money.
In other words, pay me a thousand dollars and I’ll tell you how to make a thousand dollars. Ans: place an ad saying “Pay me a thousand dollars and I’ll tell you how to make a thousand dollars.”
Who do you really think is going to pay $$$$ for ebooks on tired old subjects that have been done to death since day one of internet marketing, books that if they’ve any worth you could probably get for a fraction of the price from any number off knock-off sites or for free!
No, you’re selling the system, and that’s what the webinar pitch is all about. The so-called products are an after thought and barely any detail provided on them.
Like Empower, you don’t get paid on your first referral, you start getting commission on the subsequent suckers and you don’t get full commission on any program sale you haven’t bought yourself yet.
If you don’t want to bypass that first commission, then jump straight to the $22,000 level. You save yourself a bit of money too rather than stepping each level…
If you’re sitting on the $2,000 plan and want to jump up to the $3,500 level, you pay the difference of $1,500. If you start at the bottom and step your way up to the $22,000 plan, you’ll be shelling out an additional $46,500! Remember, you’ve got your increased admin fees to go with each bump too.
That’s not all 8FDL offers though, as they do their damnedest to up sell you on their extras:
Phone Dial System – billed as required, $500/week advised average depending on lead numbers.
Texting System – billed as required, $50/month advised average.
Autoresponder (Aweber) – $19/month.
Website (funnel) – $95/month.
Virtual Assistant – $250/month.
Not only that, but if you’re stuck for the money they can give you the finance to join! Not just for the package level but also a few thousand dollars more to cover your “marketing costs.” But don’t worry, you’ll make it all back…
Maybe if you’re an expert no-conscience high pressure salesman adept at phone sales with a massive email list of prospects, but otherwise you’re just putting yourself in a world of financial hurt.
Apparently the guy behind this ran a scheme called the 22k Collective that kicked off in 2015 and had crashed by 2016. Those familiar with it – got burned by it in other words – say this scheme is an exact copy, just renamed. It’s expected this will suffer the same fate: as new recruitment slows down, payments diminish, and then the whole thing collapses.
At that point, the owner, a certain Mr Scott Miller who I hear tell was tied-up in some $1.8 billion Ponzi fraud, walks away with the money.
The money largely being the admin fees as if you get a few hundred or thousand buy-ins, that multiplies very quickly, and he makes way more than the commissions being handed out.
Miller’s tried hard to hide his association with this by hiding his identity behind a private domain registration, and including no contact details for the business on its website (which is just an affiliate login). The only link is is to be found on a terms & conditions page which mentions Tidom Inc – which Miller owns.
None of this exactly inspires confidence and sounds more like a nightmare, rather than a dream lifestyle, waiting to happen.
Could you make money from this? Yes. Like you could with Empower and MOBE, but by their own stats, few do. It’s the way of MLMs, the vast majority never make a dime. So, it’s just not worth it, not unless you have a huge email list and the sort of scruples that mean you can still sleep soundly at night after having essentially scammed people on a false promise all for your thirty pieces of silver.
Like Scott Miller.
Do yourself a favour and try out something less risky, and with a reward in the long term rather than short.
It’s not get a get-rich-quick scheme, it’s SEO based affiliate marketing, and it’s a method taught at Wealthy Affiliate.
It’s a site that’s been around some twelve years and the guys who run it have never been linked to Ponzi schemes(!) I’m a cynical sod and I joined-up for a look around and stayed.
You don’t need to give any credit card details for any “administrative” nonsense, it’s free to join and you get a week’s worth of full membership which is more than enough time to check the place out and see if it’s for you. After a week, your membership simply reverts to the basic level.
You can read my review here.
In the 8FDL webinar I watched, they were all prepared for negative reviews like mine, with a little PowerPoint slide saying it’s just a ruse in order to promote the reviewer’s own product. I wish that were so. I’m always happy to give kudos where I think it’s due but I’m afraid I have none to give as far as programs like 8FDL are concerned. As I said, yeah, you could make money off it under the circumstances I listed, and if you’ve no problem selling that dream to people completely under equipped to do the same.
Wealthy Affiliate is something quite different. You’re not selling anyone anything, any more than I’m selling you. You either look in and join, or you don’t: I’m not going to be on your phone and blowing your email up to make that happen. I just think it’s an honest resource that you’ve no danger of losing your life savings in because it’s a modest monthly (or annual) fixed membership, cancel any time, with zero up sells.
Until the same can be said of 8FDL, stay away from it.
Recommended further reading:
I wouldn’t promise it’ll make you a millionaire, but it contains more workable information than I got out of 8FDL.
How Anyone Can Escape the 9 to 5 and Make Money Online
By Mark Anastasi