This post may contain affiliate links for more info visit my disclosure page.
Sounds pretty exciting to make $30K in 24 hours but is 7 Figure Freedom Formula a scam just waiting to take your money?
My review of this 7 Figure Freedom Formula below will show you exactly what this is and the true costs of this program that they’re not telling you anywhere on their sales page.
They do this purposely because you’d probably run away pretty quickly if they had included all the costs of this program.
You may be tempted with the $1 trial but don’t be fooled by this cheap entrance fee, your spending is only getting started!
My review will take you through the following:
- What Is 7 Figure Freedom Formula?
- How 7 Figure Freedom Formula Really Works
- Is 7 Figure Freedom Formula A Scam?
- A Business Model That Won’t Get You Shut Down
If You Don’t Want To Waste Anymore Time On Scams,
See My #1 Recommended Way of Making Money Online:
WHAT IS 7 FIGURE FREEDOM FORMULA?
Program Name: 7 Figure Freedom Formula
Price: $1, $48, + $64K+
Owners: Bill & Michelle Pescosolido
The 7 Figure Freedom Formula is a system that Bill and Michelle Pescosolido have been using to make them massive cash in the likes of $30,000 in just 24 hours.
Not only that, they claim they have earned $150K in their first 4 months and have generated over a million dollars in commissions since they started.
These types of income claims are quite bold for any system and they even claim they don’t have to work much for it either.
You only need to spend 30 – 60 minutes a day on this business and then you can do as you wish for the rest of your 23 hours or so.
Since time is their most valuable asset, they use this to lure you into joining as well so you can have such a life.
They claim all you have to do is copy their formula and do the same thing so you can also make massive money.
In fact, they say it’s so easy that there’s only 2 steps to this system and you only have to do the first one which is to generate leads using free methods and paid advertising.
The rest is done for you by the coaches they offer you with this 7 Figure Freedom Formula system.
However, there’s a lot they are not telling you like the actual cost of such a system, it’s not just $1. Oh no, that’s just the beginning of your spendings if you join this system.
I know this system well and it’s not really called 7 Figure Freedom Formula, this is just a sales website for the underlying system which is MOBE. You can see that this is MOBE in their sales video as well as in their Terms & Conditions.
Below, I will show you what this is really about and what you’ll be getting yourself into if you don’t know what MOBE is.
HOW 7 FIGURE FREEDOM FORMULA REALLY WORKS
How the 7 Figure Freedom Formula really works is to basically give you a story you want to hear to make you want to buy into their program for $1.
But after 7 days, they will charge you another $48. This is because this product is usually $49 for the initial payment, they are just splitting that up here so it seems like nothing to join.
Once you’re in, you’ll get access to 21 Step Training course but you won’t get very far with it until you have to call your coach.
You would think this is a coach that will guide you in your new business but nope, these coaches are actually sales reps to get you to upgrade, buy and spend tons of money.
They will tell you that you have to buy their products in order to make commissions from, using the licensing business model where you have to buy the right to sell their high ticket digital marketing packages.
These high ticket packages are in the four and five figures as seen here:
Everyone that comes into the MOBE system will go through this, and the coaches are there to tell you that you will have to buy these to make any money.
The products are priced so high so you can earn high commissions from them as well as the coach that closes your sale.
Therefore, when you buy any of these packages, Bill & Michelle will earn big commissions as well as the sales rep that talked you into it.
Once you have bought in at one or more packages, they will try to get you to buy all five packages at $64K+, you can start promoting the packages you bought and hope to make your money back.
However, this is going to be much harder than they make it seem because you’ll have to learn how to use paid advertising which will cost you thousands more a month.
You’ll also be using a site like 7 Figure Freedom Formula to trick others and mislead them as well to join MOBE.
How many people you’ll need to recruit to find the very few that can afford such a system? You’ll have to recruit massively to find the very small amount of people that will end up buying in.
In order to recruit massively, you’ll need to use paid advertising because the free methods of just posting some ads on Facebook and social media won’t get you far if you don’t have a huge following already.
Therefore, you’ll need to invest in paid traffic to get your landing pages seen by people which can become quite a costly expense since you’ll have to do so much testing to find an optimal ad campaign that will highly convert.
You can easily spend thousands of dollars a month using paid traffic. The only free traffic that will be as good as paid traffic is using organic search traffic which is how you got onto my review today and I didn’t spend a dime on it.
But, they won’t teach you how to do this, they want you to spend money so you will have to use paid traffic.
Once you do recruit some leads to buy in at the initial small price, then the sales rep will follow up with them and if they buy any packages that you bought, then you make a commission that’s 4 figures and up, depending what your referrals bought and what you bought.
If your referrals buy a package you didn’t buy, then you don’t make any commission and your commission will be passed up to the next sponsor above you that has bought into that package.
So you can see that there are no real customers, you’re just selling to the people you bring into the system to become another member of MOBE who will then do the same thing and go out to recruit more people.
You’re not building anything of value and you’re just passing money from one new member to an existing member plus a sales rep.
Will You Make Money?
I think if you’re someone who’s been in this business for awhile and know what you’re doing with paid traffic and can generate massive leads a month, then you’ll have a chance of succeeding.
Most MOBE members will end up losing thousands of dollars because of the heavy investment you have to make and most members can’t recruit enough people to make up enough sales to cover their investment.
You will have to have a lot of money to get into this business which most people who are just starting out to make money online don’t have.
Even one of my readers had told me she got herself into $15K+ debt chasing the “shiny object” of making fast money.
This business model they are using is also at risk of being shut down since a competitor of theirs that use the same licensing business model was recently shut down by the FTC.
How would you like to invest $64K into a system that will get shut down one day? Very risky indeed.
IS 7 FIGURE FREEDOM FORMULA A SCAM?
I always find these types of sites like 7 Figure Freedom Formula a scam because they don’t tell you what the real system is or they make it sound like it’s their system or they came up with this system.
At least 7 Figure Freedom Formula has MOBE shown in their sales video so I won’t call this a scam since they have revealed the real system.
However, that doesn’t mean they are in the right to mislead you with claims of making $30K in 24 hours, not many of you will be able to do this with the MOBE system.
This system also requires way more work than they lead you to believe, you’ll be working way more than 30 – 60 minutes a day to get try to make your thousands of dollars back.
Any system that you’ll come across will take some real work effort to succeed, you won’t find any system out there that can just make you massive amount of money with a few clicks.
The MOBE system is definitely not one I would recommend to you as a beginner or a safe way to make money online, it’s way too risky and you’re not building anything of value.
I have to conclude that I do not recommend 7 Figure Freedom Formula or MOBE.
A BUSINESS MODEL THAT WON’T GET YOU SHUT DOWN
I use a different business model that uses the power of the internet to get free search traffic to my online business and I pay nothing close to the $64K+ you need to with the MOBE system.
I also get to build something of value that helps others in my niche, and you can use this business model for a niche or topic that is close to your heart.
Nobody has to do what everyone else is doing, you’ll have the freedom to choose what you’ll be doing for your online business.
This business model is also very beginner friendly as well as not hard to learn if you have the right guidance which I show you in my free guide here:
You’ll discover the business model I use in my guide as well as how it works, why it works and where you can get started for FREE!
You’ll be able to learn from comprehensive, step by step training, easy to use business tools, and have real support from a community of like-minded people.
I’ve been doing this since Sep/16 and I haven’t looked back since. It’s been a blessing since I can make my living online and be flexible for my kids.
Stop spending thousands of dollars you don’t have and start building your future today!
If you have any questions or thoughts regarding whether 7 Figure Freedom Formula is a scam or anything else, please do not hesitate to leave me a comment below. I always reply to my readers! 🙂
Let’s make money online!