Is The Ecom Formula A Scam?
The ecomformula.com is a website that claims to provide prospective internet entrepreneurs with skills that will ensure their success in E-commerce. There are several similar products and tutorials being offered online. However, most of them are a total waste of time and offer nothing of value. But, is the Ecom Formula a scam? The following review will give you an insight on what to expect from the Econ formula and whether it is worth trying out.
What To Expect From The Econ Formula
Unlike most websites, the website for the Econ formula does not have any top or side navigational links.
As a visitor, you will instead be confronted by a prominent and colorful banner telling you that you can earn up to $14,283 per day. And while you gaze at this attention-grabbing notice, a video will automatically start playing right below it.
The video begins with a warning informing viewers that they may find the content shocking, disturbing and truly exciting.
If you choose to ignore this warning, you will be able to view the entire video which lasts for 24 minutes.
The video is narrated by a speaker who does not introduce himself at first. Instead, he introduces Margaret from Vermont and Peter from Australia who deliver passionate testimonies telling viewers how the Econ formula transformed their lives although it appears these are fake testimonials found on sites such as Fiverr.
The middle part of the video consists of success stories from Margaret, Peter and many other internet entrepreneurs who claim to have earned incredible amounts of cash after signing up to the Econ formula. One of them declares that he earned $1.2 million in one year through online business thanks to the Econ formula.
Towards the end of the video, the mysterious speaker finally introduces himself as Neil Atkinson, an accomplished affiliate marketer.
Neil informs viewers that he earned a 7-figure amount over an 11-year period as an affiliate marketer. His fortunes however dwindled as the market became flooded with newbie affiliates and he was forced to seek an alternative method of earning income online.
His moment of salvation came when he went on holiday in Europe where he met a young man who introduced him to E-commerce and his life changed. He took time to study the basics of E-commerce and came up with the perfect instruction manual for success in this field. This manual is what he calls the Econ formula.
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Description Of The Ecom Formula
The Econ formula alleges to be detailed instruction manual for anyone wishing to become successful in E-commerce. The guide was conceived by Neil Atkinson who worked as an online affiliate marketer for over 11 years. He incorporated the marketing strategies he learnt over the years with conventional E-commerce tactics to come up with this system.
What Do You Get For Your Money?
If you wish to try out the Econ formula you will be required to pay a one-time fee of 37 dollars. You will then be provided with a E-commerce manual that includes lessons on the following;
1. Description of E-commerce and why it is the next big thing.
2. How to set up your own highly profitable E-commerce store.
3. Where you can source for any product you wish to sell on your website.
4. How to create an attractive design for your E-commerce store.
5. How to price your products.
6. Persuasive writing techniques.
7. How to attract customers to your website.
Neil claims that anyone who uses this formula will be able to set up a fully functional and profitable E-commerce store in just 24 hours.
1. It contains some useful information for newbies. Starting an E-commerce store is not easy for any newcomer. The Econ formula provides some information on how to set up a website, attract customers and where you can find cheap stock.
2. You’ll be able to get a refund as this is a ClickBank product.
1. The stated potential amount that users are likely to earn seems questionable.
2. Most of the information can be found for free on the internet.
If you are relatively inexperienced in the world of E-commerce, the Econ formula can provide you with knowledge on how to go about this business but this info can be found anywhere online and for free.
Anyone who has done E-commerce or any other form of online business before will however find nothing of value in this manual. Most of the incredible’ techniques being offered by the Econ formula are but ordinary internet marketing ideas and anyone with a little internet background will find it mundane.
Perhaps the most misleading feature of the Econ formula is the idea that anyone with no prior experience can easily earn huge sums by simply implementing the methods outlined in this manual.
Most of the figures quoted seem questionable and it is highly unlikely that you will earn anything close to what Neil claims. The whole introductory video is filled with stock images gathered from the internet and the purported successful users appear to be paid actors reading from a script. The Econ formula website also raises a huge red flag. It has a cheap-looking and shoddy design which fails to compliment the narrative of wealth that it sells.
If you wish to try out the Ecom formula, do it with the aim of acquiring a small amount of E-commerce knowledge, but don’t fall for the outrageous amounts that it promises or you will be deeply disappointed. Here is the link if you’re interested in seeing what the Ecom Formula is all about!