I’ve come across a new program that claims it can help people make $3,624.18 on eBay, and it even promises you that you can start today with zero investment required.
You might have visited their site and find this program to be a great opportunity that you need to take advantage of this year.
But before joining this program, you want to know if it’s the real deal or just another scam that you need to stay away from.
This EB Formula Review will give you all the essential info so you can make an informed decision about this program.
In fact, there are some important things you really need to know first before joining!
EB Formula in a Glimpse
EB Formula is a program that claims it can help you make $3,624.18 on eBay, and it even promises you can start today with zero investment required.
This program supposedly uses dropshipping and eBay to bring in enormous amounts of money to your bank account and anyone is qualified since the requirements are not too steep.
Honestly, dropshipping is a lucrative business model, and it’s being used by a lot of online business owners to make money online, but the issue I have with this program is that they make it sound too easy to earn an income through dropshipping.
As for me, I cannot recommend this program since it has some big red flags that, in my opinion, make it a risky investment. These red flags are huge deal breakers, in my opinion, and I would, therefore, suggest that you find other legit opportunities online that can genuinely give the results you deserve.
What is the EB Formula and what does it offer?
According to Dan Wright, the so-called owner, and creator of this program, EB Formula is the hottest system today that will lead you to financial freedom.
It uses dropshipping and eBay to bring in enormous amounts of money to your bank account and anyone is qualified since the requirements are not too steep.
Dan also claims that you don’t need any prior experience with dropshipping to succeed in his program because you just need to do their 3-step requirement:
- Fill in the form in their sales page
- Activate your account
- Follow their instruction to earn $3,624.18 a day
The 3-step process will supposedly only take you 20 minutes to set up, so anyone can do it even if you don’t have any technical skills.
If you’re new to dropshipping, it’s a legit business model where you sell products using various market platforms like eBay or Amazon, but you’re not keeping a physical stock of your products.
Usually, you buy the products from Alibaba or similar platforms and list them on eBay at a higher price, but the one who fulfills the order is your trade partner abroad, and most of the time they are wholesalers, and they have a warehouse in another country like China.
The typical way of doing dropshipping is to create your own ecommerce store, but it’s different from EB Formula because you will be selling your products directly on eBay.
Honestly, dropshipping is a lucrative business model, and it’s being used by online business owners to make money online, but the issue I have with this program is that they make it sound so easy to earn an income through dropshipping.
In my opinion, successful business owners have created their full-time income online through proper training, hard work, and patience.
There’s NO secret system that can easily generate the money for you without making any effort on your end.
EB Formula red flags
When I first visited the sales page of EB Formula and saw the outrageous income claims on their video, I became a bit skeptical because they are just showing all the positive outcomes without giving many details on how their system works.
If you’re like me, you would be doing a bit of research to know exactly if this program can provide you with the results you are looking for.
That’s why I wrote this review so I can share with you all the red flags that I have uncovered from their sales page.
These are important to know so you are aware of what you need to consider before joining and what you are getting in to before joining.
And in my opinion, there is A LOT you are not told on the sales page and the video.
Here are some of the red flags you should know about EB Formula and take into consideration before joining.
Red flag #1 – This program is NOT beginner-friendly
According to Dan, anyone can easily make money if they use his revolutionary system, so he claims that selling on eBay can be done by anybody without technical skills or prior experience to that platform.
In reality, this is NOT exactly true because you need to do a lot of research to find the best products to sell on eBay, and you also need to take into consideration that you will need to handle potential refunds, which takes time.
As a matter of fact, to earn at least $500 a day, you will need to sell a lot, and I mean a high volume of products before you get some profits because it’s hard to sell high-value items on eBay.
Therefore, if you’re still starting out on that platform, you’ll be selling low-cost items, so the margin of profit is also not that high.
Another thing I would like to point out is the fact that you’ll be in charge of customer service since you’re the one who listed the products on eBay, so you’ll be responsible for the refunds and other customer relations activities.
In my opinion, handling customer service, product research, and a listing of products on eBay can be hard for beginners to do, because it requires proper training and time to learn.
So, when Dan claims on the sales video that ordinary people are becoming very wealthy from doing almost no work whatsoever (they just need to use his secret system) – it is unrealistic and, for me, a careless statement to make.
You should consider this red flag when making your decision about this program.
Red flag #2 – They are using fake testimonials
On the EB Formula sales video, you will see testimonials from their so-called successful clients, but you really can’t verify their income claims or if they are bonafide members of EB Formula.
Also, I did a bit of research on their testimonials, and I found out that these people are freelancers from Fiverr.
So, I can safely say that they are using freelance actors and actresses to do their testimonials and these people are NOT real members of their program.
They are just being paid to do these testimonials, which is quite common among similar types of programs that I have reviewed in the past.
I can even recognize some of the actors since they also appeared in a program called Ecom Cash Crusher.
In my opinion, this is a breach of trust between the owners of this program and you as a potential customer, because using fake testimonials is a cheap and, in my opinion, unethical way of promoting a product.
I would suggest that you take this red flag seriously, since using fake testimonials is NOT something you should tolerate – especially if you’re very particular with transparency (and you should be if you want to succeed online).
Red flag #3 – Beware of the hidden costs!
Based on my research, I found out that the initial cost you need to shell out for this program is $37, but that’s just your entrance fee to their membership page.
After paying the initial fee, you’ll be able to access their training videos which obviously will tackle dropshipping.
So, Dan’s most coveted secret system is actually a training program about dropshipping, which will contain some methods that he uses in his so-called dropshipping business.
However, the issue that I would like to point out here are the upsells that he will be offering you after you purchased his program. It’s clear that it will be much more expensive than the initial fee you have paid in the beginning.
How do I know that there will be hidden costs?
Well, I visited their affiliate page, and I found out that they are offering their affiliates $228 per sale, which means they will get the money to pay for those affiliate commissions from you when you purchase those upsells.
So, you can expect to spend a lot more than your initial investment since they will encourage you to purchase those upsells, because they need the money for their affiliate program, in my opinion.
Again, this is another significant red flag that you need to take into consideration since they are NOT transparent enough to reveal those upsells on their sales page.
In my opinion, they should have been more transparent in providing some details of the upsells on the sales page, so you’ll know the total costs you need to shell out for this program.
So be aware that you will likely need a bigger budget than you might first think if you decide to join.
Red flag #4 – Dan Wright is probably NOT a real person
Based on their sales video, Dan Wright is the creator and owner of this program, but I can’t find any contact details of him on their site.
I’ve even searched him on Google, but there is no Dan Wright that is connected with EB Formula.
He doesn’t even have a social media account or official business page on those platforms, so we really don’t know who Dan really is or if he even is a real person.
In my opinion, the real owner of this program should have been more transparent and revealed his or her true identity to the public since this could have significantly built their reputation and more people might have been more interested in their program.
That is why I consider this as a significant red flag because hiding one’s identity can truly damage the reputation of a program and gives you an impression that it’s NOT a legit opportunity that can deliver on their promise.
Red flag #5 – They can’t guarantee you success
Another thing I would like to point out is the statement in their earnings disclaimer since it’s clear that they cannot guarantee that you will earn any money using the techniques and ideas on their product.
Honestly, they really know the real requirements of success in any online endeavor, because they even say in their disclaimer that your success will rely on the time you devote to their system.
This means that you need to devote time to gather the skills and knowledge that they have shared in their training materials and use these skills to build your dropshipping business via eBay.
In my opinion, this is NOT what they have promised on their sales page; they have conflicting statements which can be confusing to you as a potential customer.
What are you then to believe?
In my experience, like in any endeavor in life, you really need to invest your time, effort and a bit of patience to succeed online.
It can definitely be worth it to put in the effort if you invest that effort the right way.
But there are NO shortcuts or secret system that can help you build a sustainable business online on autopilot without doing any work yourself.
That is why you’ll need to think long and hard before you make your final decision and be aware that it will likely NOT be as easy as the sales video of EB Formula might have you believe.
Final verdict – legit or scam?
So, is EB Formula a scam or legit?
Honestly, your answer will depend on your perspective and budget, or if you see any value of the claims and features, they have shown you on their sales page.
Since I have shown you all the red flags that I have uncovered from their sales page, I think you are more than prepared to make an informed decision about this program.
To help you better make the right decision, I will further summarize some of the pros and cons of this program.
- Dropshipping is a legit business model
- 60-day money back guarantee
- The program is not beginner-friendly
- There are hidden costs and upsells
- They are using fake testimonials from freelancers
- Dan Wright does not seem to be the real owner of this program
- They cannot guarantee your success
As for me, I cannot recommend this program since it has some big red flags that, in my opinion, make it a risky investment.
They should have been more transparent in providing you with some of the important details of their program like the real costs you need to shell out to fully realize the potential of their system.
Also, they should have revealed to you who the true owner of this program really is so you’d have the option to contact him or her in case you encountered an issue with the program. And they should definitely not have used paid testimonials.
These red flags are huge deal breakers, in my opinion, and I would, therefore, suggest that you find other legit opportunities online that can genuinely give the results you deserve.
My recommended alternative
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These are the same methods I’ve used when I was starting with affiliate marketing, and I still recommend them today since it’s a very effective way of making money online – as long as you are willing to put in some effort.
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If you have any comments, questions, or have any experiences with EB Formula, I would love to hear from you in a comment below.