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FIB - Scams 101

The REAL TRUTH Re: CarbonCopyPRO - outrageous claims. Scam, or it has a dram of reality?

Posted By: Will Schwartz (with edits by moderator)
Date: Sunday, September 13, 2009, at 2:28 p.m.(pst)

In Response To: CarbonCopyPRO - outrageous claims. Scam, or it has a dram of reality? (Les)

If you’re looking for a legitimate way to make money online and investigating carboncopypro, this is a comprehensive carboncopypro review.

I want you to know up front that I’m not here to promote carboncopypro, and I’m not here to bash it. If you’ve been doing your research and looked at carboncopypro reviews, you already know there’s a lot of noise online, a lot of hype and misinformation both ways.

You might have seen articles claiming a carboncopypro scam, and you might have seen videos saying it’s the greatest thing since sliced bread.

My goal is to cut through all that nonsense and just give you the straight facts, so that you can make an educated business decision.

So what is carbon copy pro?

The first thing you need to understand before you start forking out a lot of money is that carboncopypro is not a product. It’s a feeder system for a totally separate company called Wealth Masters International.

carboncopypro is a sales funnel designed to promote Wealth Masters and convince you to join. And then if you do join, it provides you with a marketing system to market that product, and only that product.

The first step with carboncopypro is that you have to pay $50 for the privilege of sending in an application. And in return, you get a DVD called “Inside Out”, which has some decent value.

Next you get a call from their call center and they get you onto a conference call pitching you on their BiB, which stands for business in a box. If you buy the BiB, that will cost you $395, and you would get access to their back office and training. This is essentially a marketing system that acts as a sales funnel, and they do have some quality information.

But $400 just to get in is a lot. And then you have to pay a mandatory monthly fee of an additional $150/month, every single month to keep using their system. On top of that, Wealth Masters will charge you a $25/month membership fee + a $50/month consultant fee. So that’s really another $225/month, or roughly $3K a year, every year – and we haven’t even talked about the cost of the product itself yet!

Now the truth is, if you know where to look you can find marketing systems online that offer the exact same features and advantages and actually do it much better for literally about a quarter of the cost.

And in terms of actual training, there are plenty of mentors online who will give you a much better value than carboncopypro. Having a system is great. Video tutorials are awesome. But most people need some real hands-on one-on-one coaching, especially when they’re just getting started.

But the biggest weakness with carboncopypro and the reason some people use the label carboncopypro scam, is the product itself.

Wealth Masters produces educational products and conferences related to financial advice and asset management, that type of stuff, and they also do some personal development training.

Now, before you can earn a commission from selling Wealth Masters, you first have to buy it yourself. There’s 3 levels you can get in on: M1, M2, and M3.

The M1 will cost you $2000, and it’s a home study course on audio CDs that they ship to your house.

The M2 is a 3 day conference where you get to “rub shoulders with top level financial advisors”. And for that you pay $9,000.

And finally, there’s the M3, which they describe as “The same as M2, but on steroids”. The price tag for that is $20,000.

If you buy the M3 up front on day one, you get the m2 and m1 included. But that’s still a $20K investment right off the bat. They give you a 10 day grace period, but after that, if you want to start with the M1 and upgrade over time, you have to pay the full price for each new product. In that case, you’re looking at a total investment of $31,000, not including the monthly membership fees.

Now, I don’t know about you, but for me that is one hefty price tag.

So the question is, what do you really get for spending all that money?

Their basic pitch is that by joining the program, you get access to the same financial advice that the super wealthy use.

But I have experience in financial services, and I know how these conferences work. The speakers are usually mid level financial advisors, and they’re not giving you any personalized, hands-on information. It’s very general, very basic stuff.

The bottom line is that if you’re looking for financial advice, you can get far superior service for a lot less money.

So why the big mark-up?

Well, that’s how carboncopypro pays out their commissions. If you pay $20K to buy the M3, 75% of your money would go to your up-line in the form of commission. So it’s really just a bloated price tag to pay the middle man, and that’s the exact opposite of a good value.

I mean, would you pay $100 to buy a coffee maker worth $20 just so your salesman could take an $80 cut? Of course not. That’s just bad business.

When evaluating a business opportunity online, you have to ask yourself, would you buy that product or service if there was no money making business opportunity attached – in other words, does the product have stand-alone real-world value?

And with CC Pro selling Wealth Masters the answer for me is a definite NO!

So let’s be honest here. carboncopypro is essentially a business opportunity to sell a business opportunity. And I’m not saying that’s wrong. Certainly some people in that company do quite well.

So calling it a carboncopypro scam is a bit over the top.

But for me personally, it’s important to believe in my product 100%. It makes me a better salesperson, and I make more money because of it. And when my 5 year old son looks me in the eye and asks me what I do for a living, I feel good about representing a company and a product that provides real value to my customers and a very lucrative money making opportunity for me and my team.

To summarize this carboncopypro review: carboncopypro is an overpriced marketing system that promotes a very expensive product with no true stand-alone value, and I do not recommend carboncopypro as a business opportunity.

(NOTE FROM MODERATOR: Will, this is a lovely article, but you're a first time user and the last few paragraphs made the whole piece look like a thinly veiled pitch for your own site -- something we expressly forbid unless you've been around for awhile. It also looked like the script for your Youtube video. So that part was deleted.)

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