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Wednesday, April 16, 2008

Matt Bacak's $5500 Seminar for $1 - Beware of this Scam!?

BEWARE of Matt Bacak's $5500 seminar $1 offer! Don't get sucked in!

I saw it being promoted at the beginning of the week and was skeptical, to say the least. I mean, how can you not expect there to be 'something lurking' when someone sells a $5,500 product for $1?

And to back it up, I just got an email from J.P. Schoeffel who warns people about it too.

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Dear Stuart,

This short notice to let you know not to purchase the Matt Bacack Retires package.

I am used to that kind of offer, but wanted to be sure, so I followed the order process till the end...

No surprise here: you are sold something looking interesting (but finally worth nothing when you see it in action) for $1.

Everyone will pay for it for sure. (at least those who can control themselves and go through the 4 upsells)

Simply know, that in the background you are enrolled in a monthly $30 newsletter. You can dig around and won't find any information related to this payment you're forced to agree.

Hopefully you're informed about this in the email you will receive...at least if you read it:

******************
Your first free issue will be in your mailbox soon.

We know you'll find the information valuable because we make it easy!

Each month on the 12th you will be billed $29.97 just before the issue ships.
******************

This only means that your credit card is billed without your authorization: you've just been scammed :-)

Some marketers are using that kind of methods to steal money from their customers. It's not new, but it's quite rare.

What is strange is that some so-called 'brilliant' marketers will start promoting it (and have already started promoting it)

This is of course a way of doing money online. I honnestly don't understand who will be happy
with this purchase once they will understand what happened in their back.

Of course it's not a big issue for the $1. But most will get the upsells and end up paying hundreds of dollars, will not take care of all the emails they will receive due to the numerous upsells. They could simply miss the recurring payment and it proves to be the goal here.

It says a lot on what you can learn from such 'marketers' :-)

Have a nice day.

JP

PS: oh yes, you could say that you will still get the $1 deal and cancel anything...Good idea. Main issue is that the $1 area you're supposed to get access to will not let you in :-) (what can you expect from a $1 offer anyway)
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And this 'offer' isn't the only one of this kind out there. Best advice is to be very careful about any offer you see that seems 'too good to be true', because 99.9% of the time, it is.

Stuart Stirling

:)

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