5K Formula System by Matthew Neer claims to be a new system that can easily make you 5K on autopilot for free.
But is 5K Formula System a scam or is Matthew really the guy to make this kind of earnings possible for you?
I have years of experience with internet marketing myself and decided to take a closer look at the claims of the system.
Let me reveal right away that it could potentially work, BUT there are a lot of things you are not told.
It is, in my opinion, NOT a system for everyone and if you are not aware of what it really offers, you might end up wasting your money.
In this 5K Formula System review, I will share all the details so you can easily see if it will be for you or not.
5K Formula System at a Glance
The 5K Formula System by Matthew Neer will give you access to some pre-made sales funnels. This can potentially work but there are a lot of things you are not told.
You will not be in control of your own business, you will not decide which products to promote, it will not just happen overnight on autopilot, and it can become a lot more expensive than you are initially told.
For these reasons, it is NOT a system I recommend.
What is 5K Formula System and what does it offer?
5K Formula System is a system by Matthew Neer.
That a person has developed many other programs is not necessarily a bad or a good sign. It, of course, depends on the quality of the previous products.
I have myself looked into several of Matthew’s previous programs and have also received his newsletter for a while. Let me just honestly say that I am not a big fan of his methods.
The systems I have been offered through his email newsletter are more or less always about fast and easy money to make money online, and I have not received one single offer I would ever consider investing in, to be honest.
I just want to make it clear that this is just my opinion and this whole review is just my opinion about the 5K Formula System based on my experience with internet marketing.
But I think there are a lot of things that are not clear from the sales page of the 5K Formula System, and if you do not have much experience with internet marketing it might be confusing what you actually can expect.
I will try to give details about this so you can see if it is for you or not.
The 5K Formula System is according to the sales page a new instant commission system.
This alone does, of course, not say a lot about what you will actually get.
However, from looking through everything on the sales page and watching the free video training you get access to if you try to leave the sales page, it is clear to see the system is built on affiliate marketing.
This means you can promote products you do not own and then earn commissions.
With the 5K Formula System, you will do this with a sales funnel.
This means you will send traffic to a sales page. That sales page will be a convincing sales pitch that will convert the visitor into a lead. Hopefully, the visitor will then turn into a customer, and this will earn you a commission.
When you get 5K Formula System, you will get access to pre-built funnels, ads you can use to drive traffic, they will have chosen then offers for you, and they will do all the follow-up.
According to the sales page, you basically do not have to do much and the system will generate money to you more or less on autopilot.
Sound good, right?
But is it even possible to make money like this, and can it really be that easy? Let’s look deeper into that now.
Can you really make money like this?
Let me just make it clear that using a sales funnel like this and using it to make money with affiliate marketing is definitely a real way to make money online.
And Matthew is probably also making this kind of money he is claiming by using sales funnels.
And he is very right when he says that good sales funnels are what makes the big internet marketers thousands of dollars every day.
He is however also making it sound like he is sharing a secret.
Using a sales funnel and affiliate marketing is not really a secret. Saying it is, is but more of a sales trick to make it sound you are getting something special.
However, using a funnel to earn commissions through affiliate marketing is definitely a real way to make money. And getting access to premade sales pages and ads can potentially also work.
There is however something that concerns me about this particular program and approach. Not because it cannot work as it definitely potentially can. But because there are so many things you are not told.
This means you might not know what you really are getting into and what is required to succeed. So let me now go over some important aspects you need to know and consider before joining.
Reasons 5K Formula System might NOT be for you
I do think that if you have an approach similar to Matthew Neer, and if you know what you are getting into and what you are doing, then it is possible to make money with the 5K Formula System.
I do, however, not think it is for everyone, and I think there are a lot of important things you need to consider before deciding if it is for you or not.
So let’s go over the reasons the system might NOT be the right for you and what you need to consider.
Reason 1 – Not a secret new system
According to the sales page of 5K Formula System, it is a new system. Matthew is even writing that this is the first time ever he shows exactly how he makes thousands of dollars online.
This statement was a bit funny to me because I have seen the sales page of several of Matthew’s systems and it sounded very familiar.
Here is for example what he says on the sales page of his Speed Wealth System that has existed for a while.
Sounds similar, right:-) In fact, the text in this section is the same and both systems claim to be the first time Matthew shares exactly how he makes money online.
This is not the only place the sales page of the two systems is very similar. Take a look at what the two systems are offering according to the sales pages:
What you get according to the sales pages is described the exact same way. The only difference is that the Speed Wealth System describes one extra thing you are getting called “the product”.
But with two systems that both claim to be the first time he shares his secrets, but at the same time seems to be offering the exact same thing, something is a bit off or at least not transparent, right?
Another example is the testimonials on the sales pages. There is, for example, a testimonial from Matthew’s partner Jamie Lewis from IM with Jamie.
It is the exact same testimonial used for both systems.
This clearly shows that the testimonial is not about one particular system or that the systems are just the same. Also, since Speed Wealth System has been out for longer, it is clear that the testimonial was not created for 5K Formula System.
These are just a few examples of how similar the sales pages of the two systems are.
In my opinion, it is a bad sign when a program reuses content like this and just wraps it in another name.
It seems mostly to be a way to create hype, and it is a sales trick I do not personally like as I think it can give visitors false expectations about what they are getting.
Reason 2 – It might not be as easy as you think
When you see the sales video of 5K Formula System it focuses a lot on money. Everything I have seen with Matthew Neer, in general, focuses on flashing money, cars, travels, etc.
It is definitely possible to achieve this by working online. In my opinion, there is however too much hype when the focus is on this and not on what you have to do to achieve those results.
Then it becomes more about selling you a dream than about showing you what it takes.
So I am not saying that it cannot happen by using the 5K Formula System. I am, however, saying that I disagree strongly when it says in the sales video that you do not have to do any hard work to get there.
This is, in my experience with internet marketing, not the case. It will always require work you to get good results – and building an online income is no different.
It might be easy for Matthew now because he has built up a big email list over many years and he can, therefore, make $5K just by sending a few emails.
As a beginner, this is however not what you should expect. In fact, if you look at the bottom of the sales page, you will see they reveal this themselves in the disclaimer.
Here it says that the results shown on the page are exceptional and do not apply to the average purchaser. You are NOT guaranteed to achieve similar results.
So if you think that just simply by getting the system, you will become rich on autopilot, then you need to know that this is not how internet marketing works.
It is possible to learn to make good money online, but you need to learn the skills to make it happen, and there is no system that you can get that will just make you rich on autopilot without you having to do any work.
This is very important to be aware of, so if you decide to join, you do it with the right expectations.
Reason 3 – The traffic problem
A very important aspect to make a sales funnel like this work is to get traffic to your landing page.
From what I have been able to find out, there is a bit of training about this include if you join the 5K Formula System.
But I do not think it is clear enough on the sales page just how important this aspect is. This means you cannot just push a few buttons and then the money will roll in – you first need to spend the time to get the traffic.
If you have no idea about how to generate traffic, this will not just happen automatically. You can either get traffic through SEO and organic traffic, or you can start running paid ads.
Both options, however, take some skills and time to learn.
So be aware that if you have no idea about how to get traffic, you need to spend quite a lot of extra time learning how to get this.
Reason 4 – You do not control which product you promote
A part of the system is that the product you will promote will be chosen for you.
This might sound nice and easy but, in my opinion, this is something you seriously have to consider if you want.
When someone else chooses the product that will be promoted for you, you have no idea what you end up promoting.
Personally, I only want to promote products I know I can 100% recommend. I do not want to promote whatever just to make a sale.
I know some affiliate marketers (quite a lot in fact) are willing to promote whatever pays a high commission. I prefer what I call honest affiliate marketing, where you only promote what you would use and buy yourself.
As mentioned earlier, I have received Matthew Neer’s newsletter for a while, and that makes me concerned about the quality of the products he is choosing to promote. Here are a few examples of the emails I have received.
In my opinion, all the emails are using clickbait and all the products I have seen him promote are products that promise people to make a lot of many without any effort online.
In my experience, this is just not how it works online, and I therefore strongly disagree with the approach of giving people the idea it is.
Again, this is just my personal opinion and approach. But you need to think about what kind of online marketer you want to be.
Do you want to be in charge of the products you promote yourself, or do you not care about what products that are promoted as long as you earn a profit?
This is an important question to ask yourself in general before getting into internet marketing.
Reason 5 – You do not own your business
With an automatic system and funnel, like the 5K Formula System, there is another risk you need to consider.
You are not in control or your own business.
Everything is run on a platform you have no control over.
This means that if the system at some point will close down, you will be left with nothing, and you will have no say about it being closed down or not.
I am not saying it cannot make sense to have a funnel like this as a part of your income, but in my opinion, it is very risky to rely solely on it.
Even if you make it work, you will have no idea if it will suddenly be closed, and there is nothing you can do about it if it is.
In addition to this, because it is not a program that will teach you how to do internet marketing or how to build funnels, you will also not learn skills you can then use to build another business.
You basically risk being left with nothing.
Reason 6 – Can become expensive
You are told the price to get 5K Formula System is only $39.99.
However, what you are not told is that there will be multiple upsells after you join and before getting to the members area. I found out about this by checking what the system pays in commissions to people that promote it.
Here you can see that people that promote the system can earn up to $350 per sale. This is just commissions, so that means it potentially can end up becoming a lot more expensive for you.
This commission is also one of the reasons you might see some very superficial 5K Formula System reviews that more or less just repeat what the sales page does to make a sale and earn these high commissions.
That does not mean that if you see a positive review of the system it cannot be true.
You just need to see if they give you any actual details and real proof and not just repeat that whole sales pitch about how easy it is to make thousands of dollars with the system.
The upsells are of course voluntary and you do not have to get them. But it is clear that you will be encouraged to get them after you join to get the most benefit of the system.
In addition to this, the sales page also mentions that they will give you ads you can use. Just be aware that if you want to use these ads, you, of course, yourself have to have the budget to pay for running these ads.
So just be aware of this and take your budget into consideration before getting the system.
Final verdict – legit or scam?
The 5K Formula System is legit as it will give you access to a premade sales funnel. I, however, think that it might not be completely clear what you are actually getting and there are a lot of things you are not told.
So before you decide if it is for you or not, let’s sum up the pros and cons to give you a better overview.
- You get access to premade sales funnels
- 30-day money-back guarantee
- Seems to be the same as another system
- You do not decide which products you promote
- You do not have control of your own business
- It might not be as easy and automatic as it might seem
- Testimonials are re-used from another system
Even though you will get access to a premade sales funnel with the 5K Formula System, it is definitely NOT a system I recommend.
I think there is too much hype on the sales page and too many things you are not told. You definitely need to consider if you are ok with not having control of your own business and not knowing which products you will promote to others.
Also, consider if you want to support a system that is claiming to be brand new but re-uses both testimonials and descriptions of the system from another product created by the same guy.
If you are ok with these things, then maybe 5K Formula System will be the right for you.
In my opinion, there are however better ways to learn affiliate marketing effectively and where you will learn real skills so you can take your business in the direction you want to and be in control yourself.
But now you know what to consider and then you can make the decision that will be best for you.
If you have any comments, questions, or have any experiences with 5K Formula System yourself, I would love to hear from you in a comment below.