If you are interested in online business, you might have heard of 8 Figure Dream Lifestyle. It is promoted as a multi-level marketing (MLM), but in fact, it’s a pyramid scheme that doesn’t have any products to sell.
In another word, it mainly focuses on recruitment and there is nothing you can benefit from it.
That’s why I’d consider 8 Figure Dream Lifestyle a scam.
In fact, there are many ways to start a legit online business. At the end of this article, I’ll tell you a highly reputable training platform that can help you start a legit business at almost zero cost.
Below is what I’ll cover in the review of 8 Figure Dream Lifestyle.
What is 8 Figure Dream Lifestyle About?
8 Figure Dream Lifestyle is a network marketing company. It is founded by Scott Miller, who was the person in charge of another pyramid scheme called TelexFree. Other staff include Jerry Maurer, Alex Dee and Brian Kaplan.
The official website has been shut down. But before that, it didn’t provide much information about the company either.
Though it claims to help you create an 8 figure business without any experience or skill, it doesn’t offer any tangible products.
As a pyramid scheme, it makes money by asking you to help them recruit new members. Hence you might also regard it as a Ponzi scheme.
But 8 Figure Dream Lifestyle is not a multi-level marketing (MLM) business which is legit and profitable.
The difference is that MLM either offers tangible products or valuable services to the members.
On the other hand, a pyramid scheme is plain recruitment. You can only make money by inviting a new member to join the company.
This explains why this kind of business is illegal in most countries.
What is the price of 8 Figure Dream Lifestyle?
8 Figure Dream Lifestyle offers five packages to choose from. Below is the outline of the packages:
- Basic Membership worth $2,000 + $195 Admin Fee
- Builder Package worth $3500 + $295 Admin Fee
- Advanced Package worth $6,000 + $395 Admin Fee
- Pro Package worth $12,500 + $445 Admin Fee
- VIP Package worth $22,000 + $495 Admin Fee
These packages include some training materials on various topics including law of attraction, self-esteem, motivation, weight loss, email copy, podcasts, etc.
All these can be downloaded for free if you just spend some time to google the relevant resources.
Is 8 Figure Dream Lifestyle a Scam?
It’s definitely a scam. The company stole millions worth of cash and was sued by FTC for telemarketing fraud. If you don’t want to read the long report, below are the red flags for you to have a quick look.
- It is a pyramid scheme
8 Figure Dream Lifestyle doesn’t offer any legit products or services. As a member, the only way for you to make money is by inviting other people to join the company.
- Your commission depends on the membership
Your commission depends on the package or membership you purchase. The packages are so expensive that it’s unlikely that a member can recover the money paid.
- Get-rich-quick scheme
The program claims to help you quickly earn $2000 worth of commissions without any specific skills or experience. This is impossible unless you are guaranteed to win a lottery.
Is there a legit & better alternative to create passive income?
If you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate ?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.