I was introduced to the Six Figure Mentors (SFM) through a Facebook ad that links to an Australian couple who are working the SFM business through their own personalized website. The question from many, is this a legitimate program or is the Six Figure Mentors a scam? And what does it really cost? I hope this ‘The Six Figure Mentors Review” post will help you make a decision if it something for you or not.
Name: Six Figure Mentors (SFM)
Price: $29.95 + $97/mth + $297 + $2,500/yr + up to $20,000
Owners: Stuart Ross and Jay Kubassek
Some Background Info
Essentially, SFM is a program that trains people on how to set up an internet-based product and services marketing business.
The SFM system has a lucrative affiliate program that is available to its members who cam market and sell the SFM program. So, the ad I clicked on Facebook on would provide the Website owner with a commission for my purchases within the SFM and it’s Digital Experts Academy (DEA) program. That is pretty much how affiliate marketing works, and what makes it such a great business to be involved with.
The owners and developers, Stuart Ross and Jay Kubassek have been around for a while. The Six Figure Mentors program was launched in 2010, so they have time credibility on their side. Their DEA program – the Digital Experts Academy- was developed earlier by Stuart and Jay and marketed in a program called Carbon Copy Pro. The pricing structure for this was very ‘big ticket’ and I guess it didn’t pan out for them. So it this was the precursor to SFM.
They centre training on Affiliate Marketing techniques initially, where you are marketing and making commissions from other peoples products or services. But they also delve into marketing high ticket products (the DEA) and also selling your own products online.
The Training Modules
The SFM program provides a good range of pretty comprehensive looking training. Training is video and tutorial-based and they provide access to mentors and other members in live forum scenarios to discuss business and to provide motivation.
Not all the training and information is available to you upfront.
You need to start with Module 1 – introduction course. This runs through the outline of the business, what affiliate marketing is about, and the training etc. You need to complete the module, step by step before you can progress onto (or apply for) the next level.
What Does it Cost Initially?
As mentioned earlier, you begin at the Intro level that starts with a $29.95 application fee which enables you to get access to the “Module 1 – Introduction” course.
SFM offer a 30 day full refund guarantee on their products if you decide not to continue. So this is encouraging and a nice confidence booster.
In this module, you will go through all the information about the process of making money on the Internet. It covers the different ways to advertise, why you need a website, and building a list of contacts and email addresses. It also covers how to providing value through content for your audience.
Module 2 Access
The next level you apply for is the Basic SFM Essential Membership. This is where you get access to more of the program and training suite for $297 PLUS $97 per month to continue access thereafter.
Additionally, you get access to a variety of other products. These are available and promoted as part of the toolset of the Six Figure Mentors program
This is where being an affiliate of the SFM program becomes lucrative as you progress up the levels.
What Other Costs Are There?
Here is a list of products within the Six Figure Mentors that you can buy, promote and earn affiliate commissions from.
- SFM Essential ($297 + $97/mth)
- SFM Elite Mastermind ($2,500)
- Digital Business Lounge ($37 or $67/mth)
- Simple Lead Capture ($29.95/mth)
- Graphix Creator ($99)
- SimpleTraxx ($9.95/mth)
- Silver – Digital Experts Academy ($2,500)
- Gold – Digital Experts Academy ($8,000)
- Platinum – Digital Experts Academy ($11,000)
- Black – Digital Experts Academy ($20,000)
So as you can see their progression levels and tools add up. Access to basic tools is all monthly charged.
Consider, If you set up your own website using a WordPress theme, all these costs would be included in your hosting! Just a thought.
What Lies Beyond the First Module?
Ok, so I did not go beyond this level as I had seen enough. But I have had some insights into the program from some colleagues who have been involved in the program at higher levels.
There is a requirement to complete all steps within each module. For example, there are 4 parts in Module 2. To progress from part one to the next you have to fully complete the first part. So, if you get stuck you need to contact a support consultant to help you through – which may take a day or so if they don’t get straight back to you.
You can’t skip parts that you don’t want to do or already have experience with. So that could be annoying, I’d imagine.
Also, to move along within the modules you have to register for and attend the live events where you are encouraged to share your goals etc. It is a basic ‘dream building’ exercise that is used by most MLM type companies to motivate their members.
Beyond Module 4
Before you can proceed to the 4th Module of the training you need to have a Skype meeting with one of their Business Strategics. This is to see if you are a good fit to be eligible for the Elite Mastermind Program (at $2500 annually, mind you!).
This tactic promotes exclusivity and encourages people to progress to access the information in the Elite program and beyond. I am not sure it would work for me. I am private by nature and having to be interviewed in my own business to progress is a major turn off to me.
The Six Figure Mentors Review – Summary
It just seems like such a lot of money to spend when so much is available online these days in the online marketing training field. This program is certainly the most expensive one I have come across to-date.
The end result is the same with all the programs that I have been involved with and reviewed. The training and information is similar or the same in nature, and in some cases much better, but at a fraction of the cost.
Have a read of these two other Affiliate Marketing Program reviews and see what they have to offer in comparison:
If you are wanting to start an online business Affiliate Marketing is certainly the most cost effective and practical option to start. So long as you pick the right program :-).
So I am not sure why you would invest this much money in SFM. At the end of the day, there are no guaranteed outcomes. You only get out of it what you put in. And if you don’t commit yourself to whatever you do online, you will not succeed, regardless of how much you pay.
So I would personally recommend trying an Affiliate Marketing program that lets you have free access. Where you are not having to chase up an Admin department for refunds if you don’t like it.
Take a look at the Wealthy Affiliate program as this offers unlimited free trial access with no payment details required upfront. It is also a program that has a logical fixed fee/subscription. This will enable you to become profitable easier by not breaking your credit card before you start earning money.