Is The Residual Income Code A Scam Or Big Money Opportunity?
If you’ve come across The Residual Income Code you’re probably wondering Is The Residual Income Code A Scam?
Can you make money with this? Is it really going to make $567 a day?
Is this a total waste of your time and money?
Therefore, I’m going to give you my honest review of The Residual Income Code.
Also, we’ll examine how it all works and if this is a realistic way to make money online.
There are similar “systems” like The Residual Income Code all over the place online.
I have reviewed many of them on this blog, so I appreciate the opportunity to help you make the right decision.
Is Residual Income Code A Scam: February 2020 Update
UPDATE: Here’s a big update regarding the Residual Income Code!
The Residual Income Code is no longer available.
The website has ceased to exist and the Facebook group has been taken down.
Tracking down the owner, Jon Moss has been very difficult.
Similarly, sites like these are the reason why I NEVER endorse “done-for-you” systems.
Apparently, he has started another affiliate website designed to reel in unsuspecting wide-eyed newbies and empty their wallets.
Similarly, so-called “done for you” programs like these are time-waisters!
A “done-for-you” platform is one where the website or blog is already made for you.
All the content and images are already on the website, which is why sites like these are called “done-for-you.”
Take a look at where I learned how to build a long-term affiliate marketing business.
It’s a legitimate and proven platform to teach you how to make money online.
The Residual Income Code Brief Overview
- Program Name: The Residual Income Code
- Website: theresidualincomecode.com – Update: Website no longer available
- Price: “Program” was free to join + additional unexpected costs to set up
- Owner: Jon Moss
- Recommended? No
Was The Residual Income Code A Scam?
The Residual Income Code WAS a free marketing sales funnel from owner Jon Moss.
Honestly, I cannot say that The Residual Income Code was an outright Scam because it was free to join.
Also, the tools you had to sign up for to make the business work are legitimate tools.
However, the URL for The Residual Income Code does not work.
Therefore, one can only conclude that the platform, for whatever reason, is no longer functional.
According to owner “Jon Moss”, you could use the Residual Income Code website to promote offers and earn commissions.
The Residual Income Code was a sales funnel that promoted affiliate marketing.
Similarly, The Residual Income Code tries to make use of both of these business models.
Affiliate marketing is a legitimate business model that you can use to make consistent money online.
However, the way The Residual Income Code and other sales funnels like are operating, are not in your best interests.
Wealthy Affiliate is the #1 Online Choice for New Internet Marketers and has Helped People from Around the World to Learn to Make Money Online.
Done-For-You Systems Are Not A Good Idea
The Residual Income Code used a cookie-cutter marketing funnel, the exact same funnel everyone else who signs up was using.
The very same site that you used to sign up is the same site you’ll use to sign others up.
This is an example of a DYF or “Done For You” system.
What happens next is you will have up to 4 products to sign up for so you can access your affiliate links to these products.
1 out of the 4 products was made by the “owner” of The Residual Income Code.
The other 3 are existing online tools you will need to implement the system.
Also, you will have to pay out of your pocket for some of these tools.
At this point, you would have signed up for the “necessary” accounts to run your business.
The person that sent you the initial Residual Income Code landing page will make commissions from the tools you paid for.
Along with that, you get your own version of the Residual Income Code’s landing page to promote.
When people sign up on your landing page they will be clicking on your affiliate links and if they buy, you will earn commissions.
Is Residual Income Code A Scam: How It Really Worked
Once you set up your account, you were taken through their members’ area to sign up for the following tools:
· Engagely – $27 one-time fee – A product that Jon Moss created to help you with your social media marketing, and it looks like everyone MUST buy this in order to get an affiliate link.
· Online Sales Pro – $25 – $37/month – A lead generation, marketing automation, and direct sales software tool that you MUST buy in order to get an affiliate link and run your business.
· Aweber – Although a free trial is available, you pay $19/month after 30 days.
Your monthly fee will increase as your list increases.
This is an email autoresponder tool that you’ll need with this type of system, so whether you buy through Aweber or not, you’ll need one.
· Easy 1 Up – $25 – $2,000 one-time fee – This is what they call their high ticket offer on the “inside”.
You MUST buy into Easy 1 Up to be an affiliate. Easy 1 Up is a high ticket multi-level marketing type program.
These types of programs are very risky and prone to get shut down by the Federal Trade Commission.
MOBE and Digital Altitude are recent examples of high-ticket pyramid-type MLM programs that were shut down.
Clickmagick – $17 – $97 per month – This is an online tracking tool that you may have to use in order to know where your traffic is coming from.
The price for a monthly Clickmagik subscription also increases as your list increases.
Compensation Plan Overview…Or Maybe Not
The Residual Income Code did not have a compensation plan associated with it.
The program was designed to earn commissions from all the 3rd party affiliate programs that are inside the affiliate funnel.
Similarly, there were no pay scales or ranks. There was no “main program” through which you earn affiliate commissions.
There was only one way you could earn commissions with the Residual Income Code:
By becoming an affiliate through the products and services that you sign up for.
That really was the compensation plan! No kidding…
Why The Residual Income Code and Programs Like It Are Extremely Risky
The Residual Income Code: Born: April 30th, 2018 – RIP: October 3, 2018
You should buy or promote programs you really want to buy or promote, not ones you’re forced to buy to make a program work.
Also, signing up with programs like Easy 1 Up l is highly risky today.
The Federal Trade Commission is actively coming after programs like Easy 1Up.
What the FTC did to MOBE and Digital Altitude is just the start of the crackdown.
Think about it: If the FTC shuts down 1 Easy Up, you lose your entire business.
Also, as a “newbie” getting started with The Residual Income System or other types of so-called “systems” like this is expensive.
The way the program was set up, you had to spend well over $100 to get started.
Along with that, the programs you signed up with had a recurring monthly fee.
That’s an expensive way to start online marketing if you are a “newbie”.
However, My online business doesn’t cost anywhere close to this.
Here’s something else to consider: newbies should not fool with paid traffic.
It’s expensive and you can lose the shirt off your back if you don’t know what you’re doing.
In conclusion, The Residual Income System had no training, no helpful community, nothing.
Stay Away From “Done For You” Systems
Any made-for-you system has drawbacks.
If you’re willing to invest in all the tools they recommend, you will probably make some money.
I say that assuming you know what you are doing.
But you WILL NOT make thousands of dollars of income in 30 to 90 days!
That’s just not how online marketing works…Period.
In the case of most of these “done for you systems,” there isn’t enough training involved.
It’s set up for you to just follow the steps, no questions asked.
But what happens when you have technical issues or legitimate questions?
What happens if the owners shut it down, or move to another “platform?”
If the system collapses, will you know how to carry on without their made-for-you sales funnel?
Will you be able to start back up on your own?
I highly doubt anyone could make a genuine success out of “done for you” systems similar to this.
I’ve reviewed similar “done-for-you” systems on this very blog and the results are always the same.
Why You’re Reading This Review
The reason why you’re reading this review is that you want to make an online income.
However, I know a safer route for you to take.
I’ve been marketing online for some time now, and I can tell you the platform I currently use has all the training you’ll ever need.
It will help you to properly set up your own business and earn an income.
You can even start for free by opening a FREE account to try out its important features before you commit.
When I say you can start for free, that’s exactly what I mean.
No surprises, hidden fees. or upsells.
You can start your business without spending one red cent. If you decided later to upgrade, you can.
Also, your cost would only be $49 monthly or $359 for the annual membership. That’s it.
You get thorough training in all the different aspects of building a real online business.
Along with that, you get to choose the affiliate programs you want to promote.
YOU choose the “niche” you want to work with and the appropriate products that you feel will benefit your readers.
No one forces you to do anything. You get to make your own choices.
At the end of the day, they are choices you feel good about.
Talk Soon,
Howard
