Product Name: Same Day Profits
Product Owner: Stanley Krackor
Upsells: Investment needed to get access to product
What They’re Selling
Software designed to help users be more effective at trading binary options.
What to Expect
Binary options trading is risky, pure and simple. Same Day Profits advertises $15,000 in the short term, guaranteed, even though the product itself has no way of actually guaranteeing this outcome at all.
Even though the product is advertised as free, users actually need to invest in a binary options company known as Sycamore Options to use the software, which can make the entire process expensive. Furthermore, there is significant risk that the user will lose everything they invest through the options trading.
What I Liked
Nothing. Binary options are highly risky and I hate seeing it hyped as if it is a legitimate way for people to make money online. Some people may enjoy the risk of binary options, particularly those experienced in trading stock or who like gambling, but that doesn’t make it a good money making approach, and no software can change this.
What I Didn’t Like
Sounds wonderful doesn’t it? I hate sites that tell me I can make money for free. The first thing I want to know is how? Okay, there are ways of making money without spending anything, but not a guaranteed $15,000, not quickly and not without work.
The big hook of Same Day Profits is the fact that it doesn’t cost. This would be wonderful if it were true, but it isn’t. In fact, it’s a blatant lie.
The first step of signing up for Same Day Profits is to create an account with a broker known as Sycamore Options. The fact that this is an options company should be the first indication that what you are getting isn’t actually free at all.
Now, in my case, I wasn’t even able to complete the sign-up process without getting this notice:
I’m signing up from the United States and put in my correct details, so this problem is surprising, particularly as there was no indication of regional restriction in the advertising for the site.
Now, there is probably a way around the restriction, but I hate any site that makes me jump through hoops to just sign up. Once you get an account through Sycamore Options, the next step that Same Day Profits wants you to do is fund the account.
Wait, what? I thought this product was meant to be free?
The Same Day Profits program itself is free, because you have to sign up for and fund an account at Sycamore Options to get access to the program. Users then take the log in information for Sycamore Options and use it to sign into the Same Day Profits site. Suddenly, you go from a product that is advertised as costing nothing, to one that you have to spend money on.
But how much?
The owner of Same Day Profit recommends $250 in his second video, but then later on he makes this recommendation:
Personally, I’m not going to deposit as much as I can into a program that the person promoting it describes in a vague manner. In fact, there isn’t even any real indication of how his software will guarantee $15,000 within a short period of time, but I can tell you now, that it is very unlikely that this is actually the case.
What really annoys me about this type of product is the amount of hype associated with it. Even the name of the website, Same Day Profits, promotes the concept of making money online quickly, something that isn’t very realistic.
In reality, unless the product owner is literally handing out money, there is no way to guarantee profits.
After all, every person that uses a piece of software or a product is different. This means some of them will use it effectively, while others won’t. The video on the landing page for the site is a good example of what I mean by hype. Personally, I hate people who use images like this in product videos.
What does it prove?
Well it certainly doesn’t show that the product is successful. It doesn’t even show that the product owner is wealthy. It simply shows that the product owner knows a little bit about marketing, which doesn’t actually mean much of anything.
In fact, the owner focuses almost entirely on how much money can be made from his system and pays very little attention to how this money is made.
Normally, product owners do this because if they told you how the system worked, you wouldn’t be convinced.
There is a really big problem with the logic here. If there really was a system that let you make large amounts online quickly, then there isn’t any way that it could last for very long. Any such system would gain popularity rapidly, until it got to the point where it simply wasn’t effective anymore.
Clearly, the market isn’t being flooded with money, and this system isn’t an overnight sensation, so there is no way that it can be as good as the author claims.
Same Day Profits isn’t particularly unique system, and it essentially provides a program and some support focused on making the most out of binary options.
This isn’t the first product that I have reviewed that uses this approach, and it is incredibly misleading.
Binary options are a specific form of options trading. Many people consider them to be a scam, but this isn’t strictly true. In reality, you can earn money through binary options, but you have to be incredibly smart and very lucky.
In many ways, binary options is like gambling. It involves picking which way you think the stock will go. If you are right, you win money, but if you are wrong you lose your investment.
It is a little more complex than that, and honestly, if you are even considering getting involved in binary options, whether it is through Same Day Profits, or any other method, I would suggest doing a lot of background reading.
The thing is, actually earning money through binary options requires winning a good proportion of your bids, and this isn’t easy to do, particularly for someone who has never tried before.
In reality, new users frequently find that they lose money rather than gain it. It’s also worth noting that there is some confusion about the legality of binary options trading in the United States, particularly in relation to what companies are legally able to provide this service and which are not.
This makes it very important to do research before engaging in Same Day Profits or any other companies that offer binary options.
I always get a little nervous when a product owner tells me their software or their system only works with one specific company. Normally, they choose to do this because they are getting paid to promote that specific company, which is almost certainly the case with Same Day Profits.
Binary options is an approach of options trading that has been growing in popularity and because of this there are a number of different companies that offer binary trading. Sycamore Options is just one of these companies, and some digging around online finds that the company has a reputation of charging clients multiple times and of refusing to allow users to withdraw funds.
If you are trying to make money online, particularly if you are planning to do so through binary options trading, then it is absolutely critical to make sure that the company you are dealing with is legitimate and safe.
Who Is This Product For?
Someone experienced in binary options may find the software that is offered in Same Day Profits worth a look, but even so, it is worth being vary of Sycamore Options. People who are hoping to make the quick money advertised in Same Day Profits should avoid the product, as it will not be anywhere as effective as advertised.
Making money online is much like making money any other way in that it requires both time and effort. Easy solutions, like Same Day Profits advertises, are simply not realistic and can cause users to lose significantly more money than they gain.
For people looking to seriously make money online, there are legitimate approaches that take time and effort but yield real results without creating substantial risk in the process. An online business that you build yourself is much more reliable and sustainable than anything you can get through binary options or other ‘get rich quick’ approaches.
You can learn to build an online business with the same training I used to build mine. See my review of Wealthy Affiliate to find out how.