Company Name: Shopping Sherlock
Costs: $20/year or $249 + $35/month
What Is It
Shopping Sherlock is an MLM company that sells subscriptions to a deals app/website.
There are many competing services in the ‘deals app’ industry that do not require such a fee to join. There are also many affiliate programs that are free. I don’t think this is going to be an easy sell for folks that simply want to do deal shopping by themselves.
From what I read online, it seems like there is no way to use the website without being an affiliate. The lowest membership level is a Registered Representative, which is $19.95/year. With this membership, the main way to make money seems to be selling membership to SS.
I was under the impression that affiliates received commissions based on sales generated through the app, but there’s little information about this.
Shopping Sherlock is one of many deal apps out there. Each app is available on some platforms, and not on others. SS has an iPhone app, Android app, and a web app.
Other products like Deal Trunk use a Chrome extension to find deals.
One service, called Submit and Forget has a team of deal finders manually find deals for you.
Both are free services. Here’s another dozen apps to choose from, using a variety of methods to find you the best deals, so why would anyone want to pay money for something they can get for free?
Shopping Sherlock also seems to be limited to a few number of websites they partner with, leaving much of the web un-searched for cheaper prices.
There seem to be no reviews for this product in the app store, and it’s impossible to join without a sponsor (another downside), so I haven’t checked if the deals they find are actually good. The Android version hasn’t been updated since 2013, so it might not even be be compatible with newer devices.
This is a basic breakdown of what Shopping Sherlocks compensation plan looks like.
For example $100 for 4 referrals in your team seems pretty sweet, right? (2 on right leg, 2 on left leg).
But with each referral paying $250, that’s $1000 in revenue generated for SS. You get $50 for that. 50/1000 = .05%, which is a pretty sad commission rate. These are not your direct referrals however, so I guess that makes sense.
You also get paid $10 for each 4 recurring subscriptions that occur in your team. 10/140 = 7%, which is OK affiliate commissions for physical products, but not that good for digital products.
The only really good deal is that you get paid $100 for every 2 affiliates you recruit. You get paid $100 for every 2 affiliates you directly recruit. 100/500 = 20%.
However, remember that you are trying to convince people to spend $250 + $35/monthly. Shopping Sherlock doesn’t allow non-members to test the website, so unless the person uses your login information to test out the deals, they are simply “taking your word” that it’s worth the money.
I think aside from maybe getting 1 or 2 family members involved, most people will not know how to market this product. Recruiting is always an issue with MLM.
MLM VS Affiliate Marketing
I’ve never been passionate about “finding deals”. It’s just not my thing. I prefer to make money in markets that interest me like brewing beer at home, or computer software.
You can make a website about any topic that interests you and make affiliate commissions promoting products you have actually tried (or just think are awesome).
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.