8 Minute Profits Review
It’s one thing to come up with an idea that will help you make money online, but it’s another one entirely to come up with a moneymaking method that will make money quickly. That’s the premise of 8 Minute Profits, in which creators Mark Barrett and Paul Prissick say you can start earning money within the hour if you use the method described in their video course.
With 8 Minute Profits, they claim you can earn hundreds of dollars per day and that you can start making money in less than ten minutes. That’s a pretty tall order, so I thought I’d check it out. Is 8 Minute Profits a scam? Read on for the full 8 Minute Profits review.
8 Minute Profits Overview
The 8 Minute Profits product, which sells for less than $10, is an eight part video course that shows you how to generate a lot of traffic to your Website in just a few minutes. With this traffic, 8 Minute Profits suggests that you build a mailing list and then promote affiliate products to the people on your list. Once you have a mailing list, of course, you can mail to your list over and over again, and having a large mailing list is one of the best ways to make money in affiliate marketing.
There are three upsells that accompany 8 Minute Profits:
- Ten pre-written email messages that you can send to your mailing list to pretty much sell anything ($27)
- 15 additional traffic sources that the creators of the product claim to personally use to make money ($27)
- Additional training via the 8 Minute Profits “masterclass series.” ($197)
The 8 Minute Profits course is pretty straightforward, and the videos themselves are relatively short, clocking in at less than five minutes each. Believe it or not, the method is so simple that these short videos, which will take you less than an hour to watch in total, will pretty much outline the entire method.
The course claims that you can make these hundreds of dollars per day with:
- No Facebook ads
- No pay per click (PPC) advertising
- No pay per view (PPV) advertising
- No solo ads
- No YouTube traffic
- No SEO
- Nothing offline
The 8 Minute Profits method involves an “unheard of” traffic method, and that traffic method is a variation on pay per view. I’m not sure why they claim that their system doesn’t use PPV, because that’s pretty much what it does. Traditional PPV advertising uses popups that appear when people search for a particular term in Google or Bing, and this method isn’t like that.
Instead 8 Minute Profits involves buying advertising from a company that pays people to click on ads and look at them for a certain amount of time. The people looking at the ads aren’t paid much; they get about 2¢ for every ad they see, but they are required to look at the ad for 30 seconds in order to get paid.
You are reaching this traffic by purchasing ads in the system of this “unheard of” traffic source and you’re basically paying people to look at your ads. You will, for 30 seconds at a time, have a captive audience, so the 8 Minute Profits basically boils down to this:
- Create an eye-catching ad
- Buy advertising through this secret traffic source
- Get the people who see the ad to sign up for your mailing list
- Sell things to the people on the mailing list
The advertising through this secret traffic source is quite inexpensive; you can buy 2000 ad views for about $4 and 50,000 views for just $70. You can get one million views for about $1299.
In addition, once you submit your ad to the traffic company and they approve it, you’ll begin receiving traffic within minutes, which is how 8 Minute Profits gets its name.
Imagine if you had one million people coming to your site! Of course, the ad numbers at this traffic source are a bit misleading, because if you buy 50,000 “views”, you’re only actually receiving 5000 clicks on that ad, and it’s the clicks that get the visitors to your site.
Keep in mind, too, that this traffic is relatively untargeted, so there’s no guarantee that the people who visit your site will have any interest at all in whatever it is you might offer them to entice them to sign up for your mailing list. Because of this, you’re going to have really low conversion rates.
While I do have the complete course, I have not personally tested it. I have, however, spent some time on a forum this week where others did test the method and they found that the conversion rate was about 1/10th of 1 percent. That is, out of every thousand people who visit your site, one is going to actually sign up for your mailing list.
That’s a really small conversion rate, but that’s not the only problem with the 8 Minute Profits method. The other one involves the traffic source itself. I was thinking about testing this method, so I signed up for an account with this traffic company. A day later, the site was hacked and was suddenly redirecting to a site with adult content.
Today, I tried to log into the site and nothing happened. I just got a blank screen, and as I type this, the site is still not working. Given that the 8 Minute Profits system requires you to buy traffic, it’s rather important that the site you’re paying to provide traffic to you be up and running all the time. Otherwise, you’re paying for traffic but not receiving it, and you’re certainly not going to make any money that way.
While it’s possible that the additional 15 traffic sources provided with the 8 Minute Profits upsell might work better than this source, I’m not sure why anyone would want to buy the upsell if the basic method isn’t working.
Another problem with 8 Minute Profits is that they recommend that you target one specific niche with this method. That’s fine, but once they sell a thousand copies of 8 Minute Profits, everyone is going to be saturating that traffic source with virtually identical advertising, which will pretty much ensure that no one makes any money.
8 Minute Profits Summary
The basic idea of 8 Minute Profits is sound – buy traffic and sell things to them. Unfortunately, there are a few problems with the specific system offered for sale. The traffic, while cheap, is untargeted, which is going to lead to extremely low conversion rates. The traffic source recommended by the creators of the system appears to be quite unreliable. Finally, the method is likely to saturate this traffic source, making it perform even worse.
If you’re interested in learning how to make money, there are better ways to do it than 8 Minute Profits.
I can’t recommend 8 Minute Profits at this time.