Speed Wealth Commission System – Make $1300 EveryDay?


Uncategorized / Thursday, July 26th, 2018

The Speed Wealth Commission System is a make-money-online program that has been getting a lot of attention lately, specially because Matthew Neer, the creator of this program, promises that he can help you make upto $1300 in one single day.

How true are his words? Does the Speed Wealth Commission System work? Is the training any good?

If you are asking yourself these questions, then I would like you to pat yourself on the back, because it is wise to question and research ANY program you come across before deciding to invest into it. This is going to be a thorough review where I will discuss all the points of this program, so you can make an informed decision.

At A Glance

Name: Speed Wealth Commission System

Website: Speedwealth.net

Owner: Matthew Neer

Purpose: To help you make full-time / passive income online

Price: $47 + TOO MANY UPSELLS + hidden cost!

Recommended?: No

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Video, Video on the Screen… Is it REALLY a Money-Making Machine?

Sorry! I just had to! Lol…

What would be a make-money-online program without a good ol’ sales video? Most people are visual, which is why scammers and low-quality products use VIDEOS to entice you. And the feelings in the voices of the voice-overs also get to people’s heart, whereas it is sometimes hard to figure out the feelings behind a written text, unless the story is ESPECIALLY touching.

Anyways, Matthew talks about selling a digital product online, which will generate money 24/7 and you won’t have to deal with customer service, complaints, questions NOR packing and shipping the products to the customers.

I TOTALLY am with him on this!

If you really want something to generate you passive income, then you HAVE to find a way to make money that does not involve ANYTHING remotely like a store. What he suggests, is making use of ASCENSION sales funnels because they are passive income generators.

The image to the right is an example to get the first sale. Ascension sales funnels are websites that take visitors through a series of purchase levels (not just one) and each level upsells them to a more costly product.

These funnels don’t get tired, they can take care of quite a few visitors at a time, they can take care of several transactions at a time and they don’t need time off, vacation time, sick days and so on. He explains that this is an AUTOMATED method of making money online that YOU will benefit from, financially.

Now, he also mentions that you won’t need to buy these websites or pay for hosting and you will be getting a big number of templates that you will be able to use for the sales funnels, which just sounds awesome, right?

How You Will Make Money

All this sounds good, but now, we want to know how the system works and how we will make $1300 a day with this program.

Matthew talks about ascension sales funnels and it is not surprising that this program is one too; meaning that you will NEED to buy into more expensive products so the person who referred you, is able to make more commissions and also, so that Matthew can make more money.

The only way to make money with this program is to promote the program itself. You have to send people to those sales funnels, that will feature the SAME video of Speed Wealth, and when the visitors BUY into the SAME program, you will make commissions. The job of the people you refer, will ALSO be to refer more people to the SAME program where they, in turn, will make money.

This reminds me of a program called YOONLA that I wrote about a little while ago because the business model is EXACTLY the same. It appears to be affiliate marketing, but it also resembles a pyramid scheme because the only way to make money is to recruit others. There is no MEANINGFUL or HELPFUL product to help you earn in any other way.

Problems I Uncovered!

This program looked fishy from the start and in this section of this review, I will be showing you what I uncovered while I looked through the sales page and the video.

1) Viral Cash App – This is another make-money-online program founded by Matthew Neer. In both the sales videos for Viral Cash App and Speed Wealth, Matthew discusses and SHOWS you his account on Warrior Plus to prove the income he gets. Both of them are the EXACT same video snippet, with the EXACT same figures.

I have already written a review about Viral Cash App that you can READ HERE, and you will find that I have categorized it as a scam!

So, did he make that amount of money using Viral Cash App, or did he make it with Speed Wealth? Maybe both? If so, why does he NOT mention Viral Cash App in THIS sales video? Why does he not mention Speed Wealth in his Viral Cash App sales video?

Although I agree that it’s best to promote a digital system online to make passive income, this video snippet goes to prove that he did NOT make this money using either systems and that he is out to CON people!

2) Scammy Sales Tactics – Some of the tactics he uses, is the countdown underneath the video, the unrealistic income claims and tells you that you will make money AUTOMATICALLY with almost no work. Here’s why these are NOT true.

When it comes to the countdown, well, try refreshing the page. You’ll see that the countdown goes back to 35 minutes again. That’s to make you jump to your wallet and get your credit card out without giving you time to think twice about it.

The next issue is the unrealistic claims that he makes in terms of the income that people could potentially make. I’m not saying that this amount of money is impossible to be made online; I personally know people who make that income, but you cannot make that kind of money overnight. Just like you won’t be making thousands within your first day of opening a brick and mortar shop, you won’t make thousands on your first business day online.

Another claim he makes is that there is not much work involved with this kind of business, which is totally false! I have been online for 2 years now and I am qualified to tell you that it takes effort, patience and time to grow online. I have reviewed so many get-rich-quick schemes and if ANY of them had worked, I would not have been here writing this review rightnow.

Problems You’ll Run Into With This Program!

1) This program is NOT as automated as Matthew claims!

As I mentioned above, this program teaches you how to promote itself, so people can buy into it and you can make money/commissions when they do. In order for people to find this program, you have to advertise it. For that, you can use social media, like Facebook, Instagram, Youtube OR you can also use Paid Ads.

Whatever mode you use, I want you to realize that it is not going to be easy. Matthew makes it look so simple, but in order to make ANY significant amount of money, you need to bring a big amount of traffic to your sales funnel. The more visitors you bring, the more people will buy the product and the more commissions you will make.

Setting up this system is not the hard part; it is driving traffic that’s hard. You will have to sit at your computer every single day, talking to people about it on social media, posting on your Facebook page, maybe even coercing your family members into the system.

This is not a “set it and forget it” business model like he wants you to believe.

2) You will need to invest into Paid Ads

Although the training on bringing in free traffic is okay, the mode of bringing in traffic that he will recommend to you, will be Paid Traffic, through Solo Ads.

Solo Ads is paying somebody to use their email list to promote your products to. While this can be very effective, the price for Solo Ads, especially if you want a VERY good list, is through the roof! That’s one of the hidden costs that Matthew does not mention in his sales video. Though this is optional, if you are able to invest into a good email list, you will get great results.

But most of us don’t have that kind of money and will stick to social media. So if you are only using social media, don’t expect to make a dime within your first week. 

3) Do you REALLY not need to invest in a website and hosting?

While it is nice not to need to invest in buying a domain name for your website and for hosting it, which could run for about $100 a year, is it really the best decision for your business?

Being an internet marketer, I would say that it’s not wise at all to rely on free domains and free hosting for your full-time business. It is HIGHLY advisable that you actually invest in your own domain and hosting. When you buy a domain, YOU are the owner of both the domain and ALL the content on the website. And as such, you can choose to switch hosting providers whenever you want, without losing your domain or your content.

But when you are on a free website/domain, you are NEVER the owner of the domain or the content on there. In our case with Speed Wealth, Matthew is only offering you to use HIS domains, which means that if he ever wanted to NOT renew the domain for you down the road, you would lose the website and if you lose the website, no more commissions for you!

4) Resemblance to Yoonla 

Yoonla is a completely different program with a completely different founder. However, the only way to make any money with either of the programs, is to promote the program itself.

The problem with this, is that it resembles a pyramid scheme, where the only way to make money is to recruit others. Yeah you’ll make money, but there is no worthwhile product to promote. The MAIN reason for the systems is to make the OWNER rich, while he pays you a portion to bring him the recruits.

When the only way to make money with a program is to recruit, the business is bound to fail because once the program disappears, ALL your income disappears.

Another way they both resemble each other, is the fact that there are hidden costs which the sales videos don’t mention at ALL! I’m coming to this in the next section.

Price – Hidden Costs to Be Aware of!

It costs $47 to join this program, and no, it does not have a trial. It DOES have a downsell though. If you try to exit the sales page, it will encourage you to sign up to the program by discounting the sign-up price to $27.

1) UPSELLS – There are a few upsells within the program and I knew about their existence before even signing up for it. There are 3 upsells and the most expensive one is at $199. These upsells are also NOT optional, because the training for $47 (downsell at $27) is not enough to get you through to making $1300 per day. You HAVE to upgrade to get access to more training and Webinars.

2) PAID ADS – We already discussed Paid Ads above; the video makes no mention that you will need to invest into paid ads for immediate results. Thus, it is a hidden cost!

3) AUTORESPONDER – Another cost you need to be prepared for is to pay for an autoresponder. Matthew will ask you to sign up for a GetResponse account. GetResponse is legit and actually a very good tool for your online business. But the fact that Matthew “forgets” to mention that this will cost you $15 / month at least, is shady. It does have a 1-month trial period but payments start automatically afterwards.

Not to mention that you signing up for a GetResponse account and paying for it, will earn Matthew his own monthly affiliate commisions from GetResponse for referring you!

If he hides this information from me, then what other facts is he hiding? Which brings me to my next and final point.

4) MONTHLY MEMBERSHIP COST – Yup, that’s right! Aside from the one-time fee(s) you have to pay to get access to the system, you HAVE to pay $19.95 every month to maintain access and membership to the website. He never mentions this within his video.

The only place he tells you of this, is in the FINE PRINTS all the way at the bottom of the sales page, where almost nobody will read it. You HAVE to pay this amount monthly to make commissions as well. If you cease to pay the monthly membership fee, you will no longer make any commissions from the upsells in the system.

Is Speed Wealth Commission System legit?

Some people, like me, will call it a scam because of the various lies, empty promises and hype that he gives us. No matter how you look at it, there is just NO way to make money only investing the $47 (downsell $27). If not the upsells, then you need the autoresponder and to pay the monthly fee.

I hate hidden costs!

When I do business with somebody, I want to know EXACTLY what I’m getting into; Matthew does not disclose everything and I don’t appreciate that. In the offline world, everything is done on paper which makes it easy for business people to know the TOS but with the video hype, it’s hard to know what’s true and what’s not.

Others may not call it a scam because you are getting something for your money. After all, there is SOME value to be had. Also keep in mind that you can get a refund from ClickBank within 60 days of purchase if you’re not satisfied with it. So yes, if you’ve already bought this program and THEN thought about researching it, go back to ClickBank and get your refund.

Want REAL Training, with REAL people, REAL success stories and REAL great support, with absolutely NO recruiting?

I got just the platform for you and it is the same platform that taught me everything that I now know about online business. I used to be just like you, researching these scams and getting disappointed over and over again when I found out that they was NOT a legit all-in-one system and that I needed to invest hundreds, sometimes thousands, of dollars to mae it work.

But My #1 Recommendation is nothing like that. No need to invest hundreds or thousands of dollars! You can actually start for FREE and only upgrade once you feel comfortable. And once you upgrade, it is a TRUE all-in-one system, where there are NO upsells.

You’ll own 100% of the business and won’t EVER need to rely recruiting to make money.

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I am also an active member within the platform, where I help and answer questions from new members. I really hope to see you too on the other side and to helping you build a profitable online business.

To your success,

Reyhana






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14 Replies to “Speed Wealth Commission System – Make $1300 EveryDay?”

  1. Really well written article and very informative!
    You are doing a great service by helping people avoid these types of offers !
    While they aren’t exactly scams in many ways , the promises and deceptive way they are presented make them a scam!
    Thanks and keep up the good work!
    Mike

    1. Hello Mike. Thanks for dropping by and for leaving your thoughts.

      You’re right when you say that they are not scams. Scams will be defined by what people find valuable in a program and are not getting what they THINK the program is about.

      From my end, I looked at all the promises he made and the lies he told about the way money is earned online. As I also mentioned, I like to be told about everything upfront before I jump in, even if it’s going to cost. That way, I can WEIGH the pros and cons and make a decision based on the whole picture. But Matthew does not conduct business that way.

      I have been a victim of many scams online and that’s the reason I want to help others avoid these programs and really focus on building a real and sustainable business online, through My #1 Recommendation.

  2. This is clearly a scam. I hate this kind of business model and it’s starting to get on my nerves because I see it so often. What’s marketed as a way to make passive income online is really just a pyramid scheme that will only funnel money to those at the top. You won’t be able to build a business with this. They tug at the heartstrings in these videos explaining how you’re finally going to be able to take your family on the holiday of a lifetime, improve your quality of life, etc etc but in reality all they’re doing is leeching your hard earned money from you. Makes me sick. And the downsell just proves this is a low quality product – it’s not worth even $27.

    1. Hi Jack and thanks for dropping by and for sharing your feelings about the program.

      I completely agree with you; these programs have NOTHING worthwhile to sell to customers and if they did, it would have made this product useful to both the recruit and their customers. But the only way to earn here is to recruit more people into the system, who in turn, will recruit more people.

      If you have not heard about MOBE, then let me tell you that it is a similar but high-ticket program that was shut down by the FTC about a month ago because of the same model. I’m pretty sure that if Speed Wealth does not die out on its own, that the FTC will be taking action some time in the future and everybody who invested in the business, will lose EVERYTHING!

      That’s why I want to steer people away from this program. I really want people to succeed with worthwhile training and promoting products that are close to their heart. With Wealthy Affiliate, you’re able to promote just about anything your heart desires; shoes, golf gear, camping gear, pet items, even your own products if you want to. 

      If you’re tired of scams, like I was, I highly recommend that anybody looking to make legit money online, to take a look at Wealthy Affiliate. There’s a FREE lifetime membership available.

  3. Ahh! Mathew Neer! This name sounds familiar to me. When I saw Viral Cash App, I immediately remember who he was because I’ve looked into Viral Cash App before but I’m not aware of this Speed Wealth Commission System.

    Anyway, great job at dissecting this system and revealing the truths. It just shows that scammers will always be doing the same thing over and over again. They cannot be trusted at all.

    1. Hey Jerry. Yes, Matthew Neer was the founder of both of these systems and watch out because I know he has other programs out there as well, that I will be reviewing very soon. I would not trust his programs to be quality at all because they are just geared towards increasing his own wealth. From my perspective, he has very little interest in actually helping others become successful; he is just interested in his own success.

      It was a little hard for me to dissect and was not sure if I would be communicating my findings for others to understand, but I’m glad that you were able to understand what I was trying to convey.

      Thanks for dropping by and for sharing your insights, Jerry.

  4. Thanks, Reyhana for this review. The speed wealth commission is too narrow for me. It doesn’t offer enough for me for the price point. It doesn’t sound like it is offering education on how to succeed in online marketing so you can achieve in not only their product but also other affiliate and online sales opportunities.

    1. Fleur, this is definitely why I do not recommend it; because you would be putting ALL your eggs in one basket with this program. The sole purpose of this program is to make Matthew richer. I definitely think that there is some value to be had within his training, but like you said, it is not worth the price that he wants for it, specially since the program is more geared towards promoting the itself.

      That’s why I offer an alternative which is Wealthy Affiliate and my Number 1 Recommendation seeing as you DON’T have to recruit to make money. You can choose any niche or topic be it golf, electronics, fashion, pets and I know some people who are even promoting Tea because that’s their passion. Wealthy Affiliate will show you how to build a business from scratch the right way and YOU are the true owner of the business, not the founders.

  5. Great review! From the moment you said you need to sell the product in order to make money with it, it just sounded like a pyramid scheme. And seeing all those hidden costs tells you right away that this is a product to stay away from!

    I think you’ve done a good job of outlining the real truths of this platform.

    Based on my experience as an online marketer I agree with your thoughts and would also recommend that people stay away from this “joke” of a product!!

    Thanks for sharing your review and letting others see the truth!

    1. Stephanie, really appreciate you leaving a comment and thanks for reading!

      I am definitely NOT a fan of products that promote themselves because that would mean you’re putting all your eggs in one basket and if ever there should be a problem with the program or the founder just loses interest and does not invest in it anymore, there goes all your hard work and income; down the drain!

      I am happy that I was able to help you understand this program! I was a victim of a few scams and thus really want to help others avoid the bad programs.

  6. Oh, too bad, I thought you’d show me a nice way to make easy money here.

    Of course, I should have known, it sounds too good to be true. $1300 a day is more than I need lol.
    It is making me angry how people say something costs a small amount of money when in fact it is a lot more expensive to use.
    Thank’s for the warning, I will check your other recommendation though 🙂

    1. Stefan, what I always say is that every opportunity that sounds too good to be, IS too good to be true.

      You see, building a business online takes as much time and effort as building an online business. What people don’t realize, is that there is no secret website, magic button, or undiscovered secret formula. People who believe that, keep falling for scams and keep losing money.

      These programs are meant to entice you with low upfront costs, selling you every dream in the book and essentially, manipulate your mind into thinking that there is NO better opportunity or alternative but theirs. When do DO buy into the program, thinking that’s all you’ll need to invest, you are hit with higher and higher upsells each time, promising you more and more money, when all these are, are low-quality training.

      This is what is called an ascension sales funnel and is a method used by Matthew Neer. Yes, it can make you money but it is unethical! You’d be stealing from people if you were to employ these tactics, unless you disclose EVERYTHING upfront.

  7. It certainly seems as though you are going to have to promote the program itself if you are going to see anything worthwhile on this system.

    I’ve encountered quite a few MLM and pyramid setups over the last few months – their referral setup seems awfully close to this one…wouldn’t you agree?

    What happens when the product stops being updated? Does everyone’s funnel fold?

    1. For sure, Chris! There is no other that money can be made unless you have people join the exact same system as you and promote the system just like you.

      From my point pf view, this is definitely not an MLM. MLMs at least have PRODUCTS that they can sell outside of recruitment to customers. But this system is selling itself, which makes it a pyramid scheme in disguise. Yes you will find training, but they are ALL geared towards promoting the system itself.

      And yes, once Matthew has no more interest in the program or does not want to invest more into it, then the updates stop, the support stops, everything falls and so does you, your business and your income. I hope that by reading this review, I am able to stop people from signing up to this program and wasting their money. It is NOT a good long-term business to be in.

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