I am a member of the 10K Challenge, and often people have asked me whether or not 10K Challenge is a scam or not.
Well here is my honest opinion.
The 10K Challenge Scam Review
Name: The 10K Challenge
Owners: David Smith
Overall Rank: 70 out of 100
What is The 10K Challenge
The 10K Challenge is a company that has been going for a couple of years, and I am sure many of you have seen adverts for this company floating around the internet. I have been a member for a while and I can tell you it is definitely not a scam.
You can join as a free member and work your way through the daily training videos. The idea is to join as many of the safe-lists and advertising opportunities in the referral builder as you work through the training in order, and then when you recruit others, they will follow suite and join those same opportunities behind you. The idea is that you don’t need to spend any cash until you get enough referrals to cover your costs, and when that happens you reinvest the profits in your business so that it can grow.
There are three phases within this company:
Phase I: This is a training phase where you learn to use safelists and TAEs and learn how to get active referrals.
Phase II: This is where you start making money, but you use these to reinvest in your business.
Phase III: This is the income phase, where you start seeing more profits and they start to grow into a four or five figure income.
The Good and The Bad
- Easy to get started and easy to do.
- Some great training in the form of doable tasks and easy to follow videos.
- A great way to learn how to advertise effectively with low cost and free advertising.
- Easy to implement and also to get referrals.
- If you and all your referrals follow the system exactly, you could potentially make a good income.
- Some great responsive advertising sites within. They have sifted out the bad ones and only included the ones that work.
- You only need to find five good referrals to make a good income, but they need to reciprocate.
- You don’t need any money to start off, and there are some other great bonus ideas for making money quickly that are offered.
- They claim it only takes 35 minutes a day to implement, but I found it was closer to an hour and a half to two hours if you wanted to get anywhere. Obviously the more hours you put in, the better you will do.
- It takes quite a lot of time keeping track of all your referrals and keeping them motivated.
- Most of the people you refer don’t take action, so it wastes a lot of time emailing them and trying to motivate them.
- Didn’t make a lot of money at one time, as most people don’t upgrade when they are supposed to in the training.
- Apart from building your own list, a lot of time is spent building other peoples downlines, for instance the advertising sites that you and your downline join.
- You basically make money building up other peoples businesses rather than your own. For instance if you build your own website, you are building your own business.
Who is The 10K Challenge For?
- Newbies who want to learn more about internet marketing and how to advertise on the internet.
- Seasoned marketers who want to build their lists.
- People who need more advertising for their current internet businesses.
- People who don’t need cash urgently, and can spend the time building up their businesses.
- People who are looking for an easier method of making money without too much technical hassle.
The 10K Challenge Support
There is plenty of support on this site, and you can either contact your up-line, the owner, or join the Skype group where members get support and help from each other.
How Much Does the 10K Challenge Cost?
The 10K Challenge is free to join, and it is your choice whether you want to upgrade on the programs within when the time comes.
Overall, I am not sorry I joined The 10K Challenge as I learned a lot, and worked a lot of lovely and helpful people. If you are looking to get rich with this program, I don’t know if it is possible unless you have one hell of a motivated down line, but if you stick at it you will make some money as I have. Just don’t give up your day job just yet.
VERDICT: LEGIT MLM Company