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The SEC has stepped in and seized control of yet another “Passive Income Scam”. Learn What happened & how to PROTECT yourself from these internet scams.
I’ve talked at length about the problem or plague in our industry that is lead by the fake gurus…
From the affiliate marketing scams – https://www.youtube.com/watch?v=aHY3teLOShY
To the passive income lie – https://www.milesbeckler.com/passive-income-lie/
And here’s another one…
For an in-depth analysis of this exact situation, be sure to check out Emelia Gardner’s channel here – https://www.youtube.com/watch?v=uK3oCIxRqJk&list=PLIQHg5Gp8_mCVGMwqm4Jf8VWY2yOpOCJc&index=5
Hat tip to Jon Gillham who brought this story to my attention! His post here: https://authoritywebsiteincome.com/income-store-ripoff/ Has a TON of links to more info on this situation.
I also want to give a shout out to Coffeezilla who is calling out the fake gurus in our industry : https://www.youtube.com/channel/UCFQMnBA3CS502aghlcr0_aw
And to Mike Winnet – https://www.youtube.com/channel/UComkllJTMHNZr4UNxCThdcw Who is also calling out the gurus and the scams, one after another.
In this video you’re going to learn about the newest passive income scam that has been seized and shutdown by the U S government. Yes, it’s happened again, not the first time since I started this channel that I’ve covered these kinds of topics and we’re going to look at it from three specific angles. Number one, the specific scenario, the company, I’ve got a little inside information about it because of an event I went to last year, so I’ll share that. Number two, we’re going to go big picture so you can make sure you’re avoiding these kinds of potential issues because they’re really common. It happens all the time, so I don’t want to talk about just this one case. I want you to understand how this works so you can prepare yourself in the future because there will be more. And then number three, I’m going to give a shout out and I’m going to mention some some channels and some individuals who brought this to my attention who have done great deep dive digging on this and they’re calling out other scams and fake gurus by names.
I’ll share where you can find those individuals to get more so you can protect yourself because I’ll be perfectly honest, there are absolutely scam artists out there trying to prey on you. This has been going on since the turn of the century in the 18 hundreds to the 19 hundreds this is not new snake oil salesmen are real and you need to understand what’s going on. So in this specific scenario, the company’s name is, today’s growth consultant is doing business as the income store and their whole bit was that you essentially buy websites through them. So they’re already running, already operating, already profiting websites. They often purchase them from F E international or from empire flippers, and then their internal team manages the website and runs the website and you get 50% of the upside potential. So all in all, it started out as a very honest and good working business model, I think.
But as you apply scale and as our rhythms begin to change as the world and the game begins to change, that’s when things get a little bit shaky. So they had a specific claim on their website that said you get a guaranteed 15% return. And now I’m obviously no lawyer, I don’t play one on YouTube or TV. But when, when you start talking about guaranteed returns and the returns start slipping and the money from the new investors comes in to pay for those guaranteed returns for the old investors, it starts to look and smell a lot like a Ponzi scheme.
We can see the filing itself, but we don’t know what’s actually in it yet.
Now, let me tell about my backstory here. So I went to a really high end mastermind with a bunch of seven figure business owner million dollars a year to 10 15 plus million dollars a year. I think some of them were in the $20 million per year range. Now, that was in April of last year and these were some of the highest sponsors. This actual company bought their way in as a sponsor. They spent an incredible amount of money as a sponsor and it makes me wonder they were pitching generally it was $100,000 buy him for a website and they were pitching that. Now they’re really kind of only doing $250,000 and more buy-ins. And I’m now wondering if that moment in time, if they were just literally getting access to a group of successful individuals, trying to get a little more money coming in to pay all of their last investors.
I have no idea if that’s true or not. I don’t know what they knew about their companies scenario in that time and a place, but they seemed honest.
Outstanding as always, Miles!👍
And now I have a better idea about why you always talk so fast without ever stopping to come up for air. I believe that even when you are speaking, you are trying to catch up with those in front of you and run away from those who is trying to catch up to you. 🙂
1% "The shortcut is doing the same thing for 3 years straight" 🔥🔥🏆
Def a 1%er here ! love your content Miles !!
Been a 1 percenter since I found your content in 2018. Still a CandC member. So grateful for all you do!
Thanks Miles. Mike and Coffeezilla are also both great channels.
1% Bless you Miles Beckler. 🙏
1%….I love me some Miles Beckler!!
1 percenter. Thankyou
im a one % least here thank you Miles for all you do
Love it man! You’ve always kept it real and that’s why people love, trust you and stay loyal bro!
Coffee and Mike while some say they are negative and have no right calling people out, I think they are doing people a service! The ones complaining about what they are doing are the ones scared of because called out next OR are the ones promoting them.
I tell my group the same thing – this ain’t easy it takes work, hours upon hours of work and you have to be prepared to fail and learn, fail and learn and then focus on what works consistently ✌️
Thanks for sharing you and your time man!
1% . Keep bringing the facts as always
Personal brand is the ONLY way to survive. You can have a business but you always need that personal brand. I think everyone should start with the personal brand first and then add businesses on top of it.
For example, my personal brand is about podcasting, personal branding and growth. That gives me tons of content topics to cover. But I also have The Greatness Podcast Network, my production company and we’re opening studios now.
Personal brand gets you speaking gigs, email subscribers, books sold, etc.
Start with building your personal brand.
Miles u are just awesome!! I watched to the end. Keep up this great work.
thanks miles brilliant as always
One percent group here
Crazy I almost did a deal with Ken Courtwright and Income Store 😜
I'm the 1% thanks Miles, I got the blog building the email list. Working hard
Great stuff, you even make a negative topic sound motivational! +1 for Coffeezilla and Mike Winnet, been watching both of these guys. 1% #badass
@milesbeckler What do you think of Franklin Hatchett? He sometimes uses aggressive marketing tactics, yet you interviewed him in your channel. Many of the gurus being attacked lately do teach useful stuff, but they are aggressive marketers. I do agree many courses have very high prices that seem scammy, just like Apple phones and computers 🙂 Anyway, I like the way you're always honest and yet successful through hard work. I'm a 1%er.
I’m a 1%, 💯 thank you for saving me money 😊
Love this, first full video I’ve watched even tho I was a subscriber. You come across these videos at the right time and for a reason. Thank Miles for the work you do 😊
I am still here.
Funny you should do a video on this after I have been watching coffeezilla and Mike Winnett videos the past couple of days (between writing content), some people are seriously getting caught out. I thought for a second you was going to say income school, glad it wasn't as you and those guys have provided me with some great info for building out my blog.
I'm a 1%, until the end. Great video.
1% – watched to the end 🙂
great video thank you Miles!
I’m a 1% er! Lol! Love your shit Miles!
1 purrr sense