If you’re searching for ways to make money online, chances are you’ve come across 8 Figure Dream Lifestyle. It’s advertised as an MLM, but in reality, it’s a pyramid scheme with no actual products to offer. Essentially, the company’s focus is on recruiting new members rather than selling anything tangible, making it a scam in my opinion.
But fear not, there are legitimate ways to start an online business without falling into the trap of a pyramid scheme. At the end of this article, I’ll share a reputable training platform that can help you start a legit business with minimal costs.
In this review, I’ll delve into the details of the program and explain why it’s not a viable business opportunity. Stay tuned to learn more.
Table of Contents
What is 8 Figure Dream Lifestyle?
8 Figure Dream Lifestyle is a network marketing company founded by Scott Miller, who was previously involved in another pyramid scheme called TelexFree. The company also has other staff members such as Jerry Maurer, Alex Dee, and Brian Kaplan.
If you visit the official website, you’ll be greeted by a message saying it has been shut down. But even before that, the website didn’t provide much information about the company or its products.
The company claims to help you create an 8 figure business without any experience or skill. However, here’s the catch: it doesn’t offer any tangible products. In essence, it’s a pyramid scheme that makes money by asking you to recruit new members.
It’s important to note that 8 Figure Dream Lifestyle is not a multi-level marketing (MLM) business, which is a legitimate and profitable business model. The key difference between MLM and pyramid schemes is that MLM companies offer tangible products or valuable services to their members. In contrast, pyramid schemes rely solely on recruitment. You can only make money by inviting new members to join the company.
It’s no wonder why this kind of business is illegal in most countries. While it might seem tempting to join and make quick money, it’s essential to be aware of the risks involved. Instead, it’s better to invest your time and energy in a legitimate and sustainable business model.
- Learn more about the differences between MLM and pyramid schemes.
How much does 8 Figure Dream Lifestyle cost?
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.
Red Flag #1: It’s a Pyramid Scheme
The first red flag is that 8 Figure Dream Lifestyle is a pyramid scheme. This means that the company doesn’t offer any legitimate products or services. Instead, the only way to make money is by inviting other people to join the company. As you invite more people, you can move up the pyramid and earn more commissions.
Red Flag #2: Your Commission Depends on the Membership
Another red flag is that 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. This means that you’ll have to invest a lot of money upfront before you can even start earning commissions.
Red Flag #3: It’s a 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. The truth is that there is no easy way to get rich quick. If something seems too good to be true, it probably is.
Conclusion: Stay Away from 8 Figure Dream Lifestyle
In conclusion, it’s clear that 8 Figure Dream Lifestyle is not a legitimate way to make money. The company is a pyramid scheme that doesn’t offer any real products or services. Your commission depends on the package you purchase, and the program is a get-rich-quick scheme that is unlikely to deliver on its promises. It’s best to stay away from this program and look for more legitimate ways to earn money.
Is there a better way to make money online?
If you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business.
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.
For more information, you can check out my full review of Wealthy Affiliate.
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.