Name: Financial Freedom Formula
Verdict: Very Average Product
What Is The Financial Freedom Formula?
According to the sales presentation this was created by James Foster and it's going to show you how to create an online business generating over $150k per year. There is no information on the website or online about Foster and the videos sound like they're being delivered by a professional voice over guy. My guess is this is just another alias profile which is very common among these programs.
We are also told that this is not affiliate marketing, mlm or a revenue sharing opportunity. So what is it then? This is about starting your own freelancing business on sites like upwork.com.
The Sales Hype
When I first started watching the sales video I thought for sure I was looking at another scam. It had all the tell tale signs of a sketchy program but in this case it wasn't total junk. It's no where near great but it's not a total scam either. There was some decent information in the members area about starting your own freelance business and you can buy this for only $9 if you keep clicking away from the payment screen.
The truth is though, you could easily find the same (if not better) information from a well researched blog post and it wouldn't cost you a dime.
Inside The Members Area
Once you pay for the product you surprisingly don't get any upsells. Let that sink in for a moment... there are NO upsells at all! This was very surprising to me since almost every single product in this space has one or more annoying upsells after paying.
The core product consists of 1 welcome video and 5 training videos explaining how to choose a niche, get your business off the ground and automate the whole thing. All 5 videos go for exactly 34 minutes combined which shows just how thin the training is.
This video talks about finding something you are passionate about and lining that up with a service that is going to pay you in the fastest way possible. In other words, this is about choosing a niche. The idea here is to focus on delivering something you can make money on quickly to build your belief in the system as quickly as possible.
You are asked the following 3 questions to help you figure out your ideal niche:
- What do you love to learn about?
- Who do you admire and why?
- What problems are you good at solving?
You are then instructed to head over to UpWork or Freelancer to match those up with existing job categories that interest you. The concept of aligning your passion with opportunity is absolutely a smart and effective way to go but there is a lot left out when it comes to teaching you how to go about choosing a profitable niche.
This part is about researching jobs that customers in your niche are posting, how much money they are willing to spend and analysing what existing freelancers (your competition) are doing. The idea is to note down 3 jobs you'd like to win and come back to see how they have progressed and who has won them in a few days.
You are instructed to write down the kinds of skills the customers are looking for and the kinds of skills the freelancers have who are applying for those jobs. In particular, those freelancers that were 'invited' to apply by the customer.
In this module you get some tips on creating a good profile so customers will want to hire you. Using the information you gathered from the last lesson, you'll list all the skills your ideal customers are looking for. The video tells you to 'get creative' with this which more or less means 'fake it until you make it' by setting up the ideal profile, even if it's a bit far fetched.
There's also some tips on presenting a good profile picture and further building your authority as a leader in your chosen niche.
Once you have the basics set up it's time to apply for jobs and that's what this section is about. You get some useful tips on putting a proposal together and are instructed to apply for 10 jobs you'd like to win.
The last video in the system is about outsourcing. The approach explained is to constantly work on systemising you business and hire workers from the Philippines to carry out the day to day tasks. Apparently, the average entry level wage in the Phillipines is only $500 per month so it makes sense to hire this way if you can get quality work done for less. I haven't hired anyone from that part of the world myself but I have heard there are a lot of high quality freelancers there.
Either way, to get to this point is going to need a LOT more than going through these 5 videos I can assure you.
Overall there are some useful insights and I do think that by following the right approach you can definitely make money this way. The problem is, this particular training is VERY limited. In fact, to me it seems as though the training is only half finished or they were just too lazy to explain the process in more detail.
The only people interested in buying this would be beginners and I would say most would get to the end of this and be left wondering how on earth to actually make this work. Useful insights are good and well, but following this training is unlikely to take you from newbie to making a full-time or even part-time income for that matter.
What Happened To The Mentors?
One of the key selling points on the sales page was how you are getting access to a bunch of 'millionaire mentors' and a community of support.
Unfortunately, that is a total crock! The only support they have is a contact form for general technical and account related enquires. I did a quick Google search and I couldn't find a Facebook group or anything either. Big thumbs down in this department.
Missing Important Pages
One of the alarming things I noticed was how none of the important pages that are listed (and should be there) even work.
This may very well indicate that they are going to be making some extra money on the side by selling your email address to other marketers, another common trait among these kinds of sites. I don't know about you, but I hate SPAM.
Some of the more confidential information such as name, address and phone number is only given to ClickBetter who are the 'middle men' facilitating the order. ClickBetter is a very low quality 'affiliate network' who facilitate the order but they generally do offer a reliable refund and they do have terms pages you can readily view.
What I Liked
- Some useful insights into starting a freelance business
- You can get it for the discounted $9
- Fairly reliable refund policy from ClickBetter
- No upesells
What I Didn't Like
- Sales page and video are a somewhat misleading overall
- Training is WAY too short to be considered actionable
- No support or mentoring to help you get started
- Very difficult to make money with this training alone which means more purchasing
- You can find better information for free by reading a few blog posts or watching a YouTube video
As a beginner interested in freelance opportunities and with only paying the discounted $9, I wouldn't call this a total scam. There are some useful insights and you can get your money back. That said, this is a far stretch from what the sales video makes out and the training is paper thin. There are far better approaches to starting a successful online business than this but if freelancing is your thing, I recommend reading some worthwhile blogs for free instead of shelling out money for this product.
I spent years listening to 'gurus' which left me broke, frustrated and totally lost. There's only ONE program that helped me create a real income online, here's how it helped me succeed...