Product Name: Simple Money System
Product Owner: Joel Peterson
Advertised Price: Free
Real Price: Unknown
Rating: Unfinished Product!
What Is It?
This is network marketing business that spends its time promoting a separate network marketing business. There are weekly webinars that cover topics about how to market your website.
It's free to join, but all the best content is locked. That's fine by me, but just be aware that they will attempt to sell you several more levels of membership before the day is done. On top of that, they will try to get your into Pure Leverage.
There are also conferences, tools, and other private mentoring that's available, which means you had better prepare your wallet if you plan to “go all in”.
But with all the website issues, there's no reason to join anyway.
Before You Buy
Don't be fooled by the “down to earth” vibe that Joel Peterson gives off. I can't comment on his character because I don't know the guy, but I know that lots of network marketing gurus take this angle. “Hey, I'm just like you, and I want to help you”
That may be true, but understand that he is trying to sell you something, and it's certainly not free.
I had to sit through a 35 minute video only to find out that they hadn't coded the opt-in portion of the site properly, and there was no way to sign up for my “free membership”.
Even after searching in Google and finding the members area, when I click the link to register an account, it sent me back to the video.
In a nutshell, understand that this is a network marketing business. Personally, I hate MLM and don't recommend you get involved. It's very similar to a pyramid scheme. So much so in fact, that the FTC has warnings about network marketing on their website.
But some people love it. Some people love it so much that they bombard my blog with messages of hate. I did a review of Pure Leverage back in the day, and one member wrote over 2000 words of comments over the course of a few weeks just telling me how stupid I was.
I've received insults, legal threats, and even physical threats from network marketing people. In my opinion, this is the attitude they breed. “Join me, or you are a non-believer.”
Anyway, the point is that if you like network marketing and are just wondering if Simple Money System is legit, I don't think it is. I couldn't even join the website, and it's basically a gateway for PL memberships.
What I Liked
I watched a few webinars I found in Google and thought that the content was not bad. It was a bit outdated, and there was a lot of “filler”, but they did have a Q&A, and they did recommend blogging on a regular basis (just like I do).
The were up front about being a network marketing company (some products are not), and were very clear about upgrades being an option (not a requirement).
Weekly webinars are great for any company to have. The blog was active, and it looks like they've been doing the webinars for at least a few months.
What I Didn't Like
Doomed To Fail
Right off the bat you need to get the idea of “autopilot” and “done for you” out of your head. If you want people to buy what you are selling, you need to give them a reason. Don't spam their email inbox with “done for you” email swipes telling them about how much money you made or about how there's a one time opportunity they can't pass up.
Nobody likes that crap, and this is exactly what pre-written emails are like. They are unhelpful, overly promotional, and do not convert well.
The same goes for blogging content. Content is ranked in the web based on merit. When you copy content from other places, or make small changes to it, Google basically gives you a big “ignore this guy” sticker on your forehead.
You don't get ranked. Worst of all, your website comes off as impersonal, robotic, and again, does not convert well.
Too Many Levels
What I dislike about a lot of these products is that you never get to the end of them. There's no “OK, now I have all the training and can make this work”. There's always an inner circle, a private meeting, a platinum membership, a mentor training session, and the list goes on.
As soon as you enter the members area it becomes obvious that you are in just the first part of a long line of upsells about to come your way.
Many of the pages I found for the site contained coding errors such as the one shown below.
When I went to the support page to try and create an account (because there was no way to do so on the main video page), this is what I was greeted by:
And in one of the webinars I watched, it seemed that members were promised their own blog, but they hadn't worked out the bugs yet and didn't know when it would be released. My guess is that it still hasn't.
Support and Training
Simple Money System seems to have made an attempt to create an environment where members can connect, ask questions, and get support. But like with any other group training, it's hard to respond to everyone.
The same goes with training. Doing training videos as a weekly webinar is great. I enjoy them. But having them be the ONLY source of training means that much of the good information is going to be off-the-cuff, and hard to find. It's much easier to have learn something when you have a set of training videos you can come back to any time; videos that are organized in the order you need to complete them.
If you are just getting started and looking for ways to start an online business, Simple Money System is NOT where you want to start. Even as far as network marketing companies go, this one is doesn't really have their **** together.
Get started in a newbie friendly zone, where courses have been designed to help you get started with your first money-making website. Get the training you need, and personal 1-on-1 support when you need it. Wealthy Affiliate is where I learned to start my first online business, and it's where I recommend you do the same.
Whatever type of product you decide to promote, it's important to own your own website to grow your business.
Parties only work if you have a network of friends with money in their pockets. Network marketing only works if your friends are interested in joining business opportunities.
With a website you can reach the entire world, and only promote great products to people interested in what you have to say. Plus, you open up doors to multiple streams of revenue like affiliate sales, ad click revenue, paid advertising, and even selling your own digital products.