Company Name: Five Dollar Funnel
Costs: $5, $20, $99, $297
What Is It
5 Dollar Funnel is a recruitment MLM biz op with a 3×5 and 3×7 matrix.
5 Dollar Funnel has no real products, and is clearly a pyramid scheme using “digital info products” as a front to what you are actually doing – recruiting members into FDF.
There are 4 products listed on their website, but no indication as to what exactly these products do. Here are my best guesses based on my experience.
1. Video Like a Pro
This is probably some short tutorials on how to record screencasts. Since this is probably aimed at recruiting members into FDF, I would count this as a tutorial, not a real product.
2. Contact Manager
This is going to be a typical ‘back end’ manager where you can see who’s signed up under you, include your signup links, and money stats. Does this even count as a product?
3. Hypnotic Ad Copy
Instructions on how to write ad copy. This one is pretty clear, but I can’t imagine it does much for a newbie just getting started. This won’t be useful for someone that doesn’t have their own website.
4. Social media training
Learn to post your link on Facebook and Twitter. Ooo. Exciting! (sarcasm).
It’s quite clear that these “products” are all digital info products aimed at teaching you how to recruit into FDF. This is why I consider this to be a recruitment scheme, and a scam. I usually try to credit MLM companies at least for having products that *some* people might want, but this is not the case for 5 Dollar Funnel.
What is Infinite Academy?
On the sales page we are giving the impression that the training and tools are provided by a place called “Infinite Academy”. However, there seems to be no such business.
The only thing I found that might be what they are talking about is located in Singapore.
From the description, it’s quite unclear what the company does, which makes it a prime candidate to be an MLM organization.
From their website:
“Infinite Academy aspires to be a leading provider of practical training programmes & courses for individuals and corporates.
Our primary goal is to provide a comprehensive range of learning and development opportunities to assist individuals & corporates to increase their values and businesses. We aim to provide effective and performance-based learning experiences and solutions that meet our clients’ business goals and outcomes.”
As you can see, it sounds like a bunch of biz op mumbo jumbo written in Chinglish. If this is in case the Infinite Academy that FDF is using, I would not sign up with them. If there is another company with the same name, it appears they are not listed anywhere on the internet. Again, not a good sign.
They claim that you only need $5 to enter. I will admit, this is cheap, even though it’s a recurring subscription. However, it’s important to note that in order to receive credit for higher referral commissions you must purchase the higher levels of membership! It's just $5 to enter, but much more to take full advantage of what they're offering.
$5 will only get you a position on the cheapest matrix (3×5, level 1), which means that you get only 25 cents to $2 depending on the level and position that’s filled.
In order to get bigger payouts from Level 2 to Level 4, you must join those higher levels, That means you could be paying more than $297/month. Of course you get higher payouts, but you also need to recruit into these positions as well, which means you must find folks with $400+ dollars to spare ($421 total cost for all 4 levels).
Some Price Confusion
According to my research, the costs are as follows: $5, $20, $99, and $297 for levels 1-4. However, when watching a video explanation of the 5 Dollar Funnel comp plan, different prices were listed.
Image not sure why there the second level is labeled as $25 instead of 20. The person making the video hadn’t reached the higher levels yet, so I’m not sure what they other levels will show.
But later in the video, it I saw this graphic, showing the correct amounts.
It’s also unclear whether you pay to achieve the levels or can simply just pay for them. I was under the impression that you could just pay to enter, but in yet another (this time official) video about the FDF comp plan, the guy tells us that after completing the lower level matrix, our earnings then automatically pay for the next level.
Another common issue with MLMs that I see happening with FDF is that there is no way to promote it, and no legit training on how to build out your business without spamming Facebook and Instagram.
If you don’t have a stellar referrer who is willing to work with you and mentor you, this is going to be a tough business to get into. Without a website and an online business plan, you are going to be stuck selling to friends and family.
MLM VS Affiliate Marketing
With no real products, no legitimate training, and dependency on a savvy mentor to guide you on how to recruit members, 5 Dollar Funnel is a dud.
No matter what you are selling, even if it’s MLM, you need good training on how to set up a website and reach folks online. The days of promoting to friends and family are over.
What’s even better about setting up a website is that you can sell anything you want, even products from other companies. That’s right – you don’t need MLM to make money online. Through affiliate marketing, you can promote brand name products and earn commissions for sales.
Whatever type of product you decide to promote, it's VITAL that you generate leads to grow your business.
But let's face it, "parties" are boring, and no one likes the annoying Facebook friend who's always promoting a biz-op.
That's why I use this lead generation system. Learn how to generate leads outside of your circle of friends and family and discover what it means to truly own your own business, rather than just be a cheerleader for one network marketing company.