Welcome to my EB Formula review!
It’s likely that you have come across EB Formula through an email list, on social media or got it recommended by a friend or family member.
First and foremost I must commend you for actually doing a bit of extra research before committing to purchasing or joining EB Formula. For all you could have known, EB Formula may very well be a scam and rob you of your money so this review could help you find anything peculiar about it.
To be totally transparent with you I haven’t used EB Formula so I can assure you that I will not attempt to sell you on it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party review of EB Formula that will hopefully help you to make the correct decision in the end.
PRODUCT NAME: EB Formula
OWNER/S: Dan Wright?
TYPE OF PRODUCT: Ecommerce/dropshipping course
PRICE: $37 + upsells
SUMMARY: This depends on your definition of a scam, if you believe that if a product that actually does have legitimate elements to it and does in turn, have potential to make money doesn’t constitute a scam, then in this case EB Formula isn’t a scam.
However, if you believe when a product is over hyped, has fake testimonials, doesn’t have a vendor that shows his face is a scam, then I can’t really argue against EB Formula being a scam.
I personally do think that EB Formula is highly likely to be a scam because it tries to sell you on an idea that’s unrealistic even though the method being used does work and has potential. Therefore I’d recommend you avoid this course.
FINAL RATING: 1/5
RECOMMENDED: NO
Table of Contents
WHAT IS EB FORMULA?
EB Formula is a product that claims to be able to show you a way through which you can start making $3628 today. Well that’s just the first thing you’ll notice when you land on EB Formula’s landing page.
Right off the bat this does come off as eye-catching but in my experience, when claims like these are made, it usually means that the product is trying to overhype and over sell the quality of the system as a whole, even if in some cases the method taught does have some potential.
Within the sales pitch, the spokesperson and “owner” of the product, Dan Wright, says that the method he’s teaching doesn’t require you to buy any products and that it can be done only by using your smartphone a couple minutes a day.
In fact he claims the whole process is as “easy as tying your shoelaces” so of course this just makes Dan’s speech come off as if the whole concept behind the method is just a one click system or a get rich scheme.
As it turns out, the online money making method that the course is going to teach you is dropshipping on eBay.
So is it actually possible to make good money with EB Formula as Dan suggests?
Allegedly a few individuals who’ve used his system have been able to earn $40k/month whilst one of his college buddies has been earning $1 million per year. Although the product is completely overhyped, I know that dropshipping is actually a legitimate method to make money online so on the surface level, the system should have some merit.
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HOW DOES EB FORMULA WORK?
The method that EB Formula aims to teach you is dropshipping, if you don’t know what dropshipping, I’ll just briefly go over it.
Dropshipping, in laymen terms, is basically the process of selling products to customers, through an online store such as through ebay, amazon or your own website but, without actually having to buy inventory in advance.
By this I mean that you’ll have items on your store and only when a customer purchases a product is when you use the money they paid for the item to pay a supplier (Alibaba, Aliexpress) to purchase the said product. After making a sale the profit you’ll make will be thd difference between the suppliers price and your price.
If you want a more visual look at what dropshipping is, watch the video down below
Of course EB Formula makes this whole process seem a lot easier than it seems, it makes it look as if it only requires a couple minutes of work a day even though in reality, as a newbie in the online space, it’s definitely not going to be that simple.
The steps it says you need to follow are also very basic, they include :
- Fill in the form to become a member of EB Formula
- Activate your account
- Follow all the instructions to start earning $3,624 a day.
The reality is that as a dropshipper you will need to deal with more than just setting up your eBay account and watching the sales churn in. You’ll have to deal with refunds, any problems your customers have, issues with delivery and bad ratings because of these problems.
The work that you’ll have to put into it, at least until you’re making decent money and are able to hire a virtual assistant, isn’t going to just be a couple minutes a day on your smartphone, especially if you want to be a successful dropshipper.
On top of this, you’ll also need to pay for traffic too because a new eBay store isn’t likely to get many customers, you’ll need to do research to find products that people are actually willing to buy and you’ll need to find products that actually have a decent profit margin.
All these factors along with your mental aptitude, being diligent and persistence for many months in order to actually work towards making big money and not expecting to make it in your first week is also important if you actually want to see success with dropshipping.
The Value Of The Upsells
Regarding this section, according to clickbank, affiliates can make up to $228 at 60% commission by selling EB Formula and its upsells. After doing a bit of calculation, it seems that along with the front end package, the total for all the packages should equate to $380.
This isn’t taking into account the downsell value of the products so it’s possible all of the packages will be cheaper. I personally wouldn’t suggest buying any of the upsells even after buying the front end package because I doubt they’d be worth what you’ll be paying anyways.
Considering how basic the front end package is at the price it’s at, I doubt the upsells would be very gracious with the training provided either.
WHO IS EB FORMULA FOR?
EB Formula does overhype itself quite a lot, the claims of being able to make over $3k your first day studying the course is already a huge red flag and this isn’t including all the other problems and red flags regarding it which I’ll mention in a second.
As for who EB Formula is for, personally I don’t think anyone should buy this specific course on ebay dropshipping because it just seems to make the whole process seem a lot easier than it is. I know the creator is trying to sell you on the idea of buying it but, the lack of any realistic expectations doesn’t make EB Formula seem worth trusting in.
THE NOT SO GOOD THINGS
It’s Overhyped
The sales page definitely hypes up the monetary potential of EB formula quite a lot. The claims of $3k+ a day and the claims of how some individuals who’ve studied the course have made $40k a month are all very overhyped.
Although it is possible to make this kind of money, it’s also a little shady that claims of being able to generate $3k a day today or how it’s possible to achieve this with the click of a few buttons or a few minutes of work a day is completely unrealistic.
This over hyping is a pretty big red flag in my book.
We Don’t Know Who The Owner Is
We don’t really get much information about the owner except for his name which is “Dan Wright”. Without a face to go with the name, it’s difficult to trust the words of the vendor.
Usually a lot of clickbank products that have many elements that make it look like a scam don’t have a face that represents the product and in this case “Dan Wright” also doesn’t show his face. This is a pretty big red flag and another thing you should consider if you do buy into the course.
You should ask yourself, if the vendor isn’t able to show his face to represent the product and possibly take backlash if it’s not as good as it should be, why should you spend your money to buy into it?
If the vendor himself doesn’t have enough faith to put his face on EB Formula, it’s usually a tell tale sign that the product in question probably isn’t that great.
Fake Testimonials
This is pretty much the nail on the coffin in my opinion. The average customer would probably be encouraged to purchase the course due to the testimonials that are shown on the sales video.
However, they usually don’t know that the testimonials are fake so they convince themselves to spend their money and after doing so, realise the knowledge isn’t as useful as initially thought and the supposed results are a farce too.
This unethical manner of using fake testimonials is a major red flag for any program.
As you can see most of these individuals that claim to have found success through EB Formula are just actors from Fiverr PAID to say whatever the vendor wanted them to.
No doubt this is a major red flag and major reason to avoid EB Formula.
The REAL Costs Are A Lot More Than You’re Told
The sales pitch claims a lot of things and makes dropshipping seem a lot easier than it is as well as a lot cheaper to run than realistic.
The fact of the matter is that in order to run a successful dropshipping business, you will need to invest quite a bit of money on ads, experimenting with different niches as well a dealing with refunds and customer service issues in general.
Moreover, considering that the front end course is likely very basic, you’ll probably also be roped into buying the more “robust” upsells that explain all the other details.
All in all the costs will definitely be a lot more than the sales pitch makes it seem.
THE GOOD THINGS
The Dropshipping Does Work
A positive thing about the course is that they do actually teach a legitimate online money making method. The training itself within the course is more than likely some basic stuff you can find easily online nevertheless, the fact it’s a real method that actually works is a positive…. I guess…
60 Day Money Back Guarantee
The fact that EB Formula is a clickbank product means that getting a refund shouldn’t be too hard if you don’t like what you see on the other side. I guess this is another nice touch for EB Formula too.
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IS EB FORMULA A SCAM?
This depends on your definition of a scam, if you believe that if a product actually does have legitimate elements to it and does, in turn, have potential to make money doesn’t constitute a scam, then in this case EB Formula isn’t a scam.
However, if you believe when a product is over hyped, has fake testimonials, doesn’t have a vendor that show his face, is a scam, then I can’t really argue against EB Formula being a scam.
I’ve reviewed many scams on this website such as :
- Copy paste commissions
- Article genie
- Real Profits Online
- Club shanghai
- Instant cash solution
- Insant email empire
- Lazy wealth system
That’s why I personally do think that EB Formula is highly likely to be a scam because it tries to sell you on an idea that’s unrealistic even if the method being used does work and has potential. Therefore I’d recommend you avoid EB Formula.
If you want to learn of a legitimate method to make money online that you genuinely can start for free, continue reading.
MY PERSONAL RECOMMENDATION
I’d suggest you check out my personal recommendation if you still want to make money online, though I’ll warn you right now, it isn’t something through which money will come easy.
It is nonetheless a great business model for the online space in my opinion
So what is this method that I’m talking about?
This method I’m talking about is affiliate marketing.
The reasons as to why I recommend it is because:
– expectations toward success are a lot more grounded
– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products
– it is a very scalable business
– and because it is free to start up, no unnecessarily large start up funds needed.
The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.
If you have any questions that you would like to ask me regarding EB Formula, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about EB Formula and would like to talk about it, again feel free to do so in the comments below!
Thanks
Amhil