Welcome to The EB Formula Review!
AKA The Ebay Formula, this system claims you can earn up to $3K + per day by spending a few minutes on your phone.
This sure sounds like an easy way to make money but is this realistic or Is The EB Formula a scam?
I’m glad you’re here doing your research as there are so many systems that claim to make you earn huge sums of money with little to no effort only to leave you feeling disappointed and frustrated as they don’t work as the owners claim they work or you end up losing money.
In my review, I reveal all you need to know about this system and whether the possibilities of making so much money is attainable.
If you’re tired of being given the run around with systems that make such bold claims only to underdeliver or leave you out of pocket, check out a proven way to make money online.
Anyways, let’s begin this review …
EB Formula Review
Name: EB Formula (The Ebay Formula)
Level: Beginners to Advanced
Who Is It For?: Those interested in e-commerce/dropshipping
Price: $37 ($27 on exit)
Owner: Dan Wright
Training: PDF Guides
Overall GoWorkFromAnywhere Rating: 2/10
What Is EB Formula About?
It is a system that claims you can earn up to $3k+ today.
The spokesperson in the video says it is a stable solution for anyone looking to make money online.
No special skills, qualifications or experience are required to use this system.
In fact, the spokesperson says:
Using the system is as easy as tying your shoelace
It has nothing to do with bitcoins, cryptocurrencies, forex trading, binary options or according to the spokesperson any other scam, con or Ponzi scheme.
You can run the system from your smartphone and can be up and running in minutes.
The Sales video talks a lot about the amount of money you can make using the system and the luxurious life you can live.
This is very typical of product owners who are eager to sell their system to the vulnerable.
Concerning the system, he says that you can make sales without having to buy any product – so you don’t have to worry about storage, packaging or shipping items to customers.
This is definitely an eCommerce business model.
eCommerce is a huge market, however, you will be competing against the likes of Amazon and other larger online stores as they are well-known brands, well-liked and trusted.
The spokesperson goes on to tell you facts on how large the eCommerce market is but he doesn’t tell you how much work you need to put in, to be earning the huge profits.
Will it be as simple as they make it out to be?
Let’s see how the system works …
How Does EB Formula Work?
You will be using the eBay platform with this system to dropship items to your customers.
They tell you how much money has been made on eBay and the amount of money to be made but that doesn’t necessarily mean that you will be making the same amount.
Anyways, it isn’t a “system” you will be getting; like most of these “systems” that claim to make you earn huge sums of money, you will get PDF guides that document how to make money online by dropshipping with eBay.
They make it sound so easy to make money and there are always just a few steps.
Here, you have 3 steps:
- Fill in the form
- Activate Your Account
- Watch Your Profits Grow
I have been online for a number of years and I’ve never come across a system that can make you tons of money by just filling in a form and activating an account.
Making money online just doesn’t work like that.
It takes a lot of hard work.
The eCommerce model is also not the best way to make money online if you’re a beginner to Internet Marketing – you have to deal with third-party suppliers to source your products from, manage and maintain your product list, be selective in your choice of products as your reach is worldwide.
With the different units of measurements, how will you display these on your website? A UK size 6 is different to a Japan size 6. I found this out the hard way when I purchased a pair of shoes from eBay. I ordered a size 6. When it arrived, I couldn’t even get my big toe in!
The shoe was sourced from a Japanese supplier and as you know most Japanese people are very neat and petite.
The seller wasn’t happy that I had to return it. Expect to get a lot of returns too. To be able to advertise the different metric sizes is a nightmare.
These are just some of the things you need to take into account – as you are appealing to a wide audience!
Unlike Amazon where they have a different website for each country locale, you do not have the luxury of doing this – unless you are willing to invest a lot more money into your business.
Hence the reason why starting out with an eCommerce online business isn’t the best method for someone new to Internet Marketing.
Affiliate Marketing is the preferred option – low start-up costs and ANYONE can do this. It is also beginner friendly.
Is EB Formula A Scam?
No. It isn’t a scam.
However, as I mentioned before, product owners will tell you what you want to hear so that you can buy their system.
They use phrases and statements such as “bumper online paydays”, “life is about to drastically change from TODAY” to lure you into signing up.
However, they don’t give you the FULL picture of what it is you will be doing.
They tell you that it only takes a few minutes of your time and the money will be rolling into your bank account. This is only possible once you have laid the foundation and have built up your business. You certainly won’t be making money from the moment you sign up.
I have seen these ticker banners that scroll across the screen telling you how much profit users of the system have made. This is made up. If you stay long enough on the page, you will see the same names scrolling.
You can come back in a weeks’ time and the same names will still be scrolling.
They do this to lead you to believe that people are really making money with the system when this is just fake marketing to lure you into buying their product.
Making money online can be done by ANYONE with NO online experience. They use tactics to make you think that only with their system you can make money.
Building an eCommerce business from the ground up takes time.
They think otherwise.
What about finding a vendor to source your products from, planning what you will be selling, testing the market for what are the best-selling products, checking out your competitors and so on.
I’m not sure what you can achieve in 20 minutes to be ready to make sales.
Can you see how this doesn’t make sense and will only set you up for failure?
It also doesn’t help that they use actors to give fake testimonials. I have seen the guy below in other product reviews.
The product owners source them from platforms like Fiverr where they give them a script to read to say how wonderful a product is and how much money they have made by using the product.
Many people make a purchase based on testimonials so using these in the Sales video is a sure way to lure you into buying.
You may be thinking with all that has been said why isn’t this a scam?
The truth is, you will be getting something for your money, so it isn’t deemed a scam. You could always request a refund with their 60-day money back guarantee if you’re not happy with the product.
This guarantee will only be for the initial product – EB Formula. If you purchase an upsell, you will not get a refund. These upsells are usually presented to you as soon as you’ve purchased the system.
Did you know that some people will buy it and will purchase the upsells and will make money but it’ll take them a lot of time and cost a lot of money – totally opposite from the Sales video claim.
- 60-day money back guarantee
- Dropshipping/eCommerce is a legit business model
- All the information is in one place so it saves you from having to find it on the internet
- Over-hyped claims
- Not the best method to start Internet Marketing
- Open to a select few people – to make you think that you are special. This system is available to anyone
- Limited offer /time frame
- Teaches nothing new – you can find the information online for FREE
- Fake testimonials
- Don’t expect much out of this course
- One-click upsell – if you click unknowingly, they will debit your bank account. You will NOT get a refund for these upsells
I do not recommend The EB Formula.
You are not getting a system – just guides that you can easily find the same information for FREE online.
In order for this to work for you, you will need to pay for the hosting of your shop front, a domain name, payment for the vendor services and other hidden costs which they have not revealed.
All this can add up to a pretty penny. Not a great way to begin an online business.
For what you’re getting for $37 it isn’t worth it.
You’re better of buying The Complete Shopify Guide: Showing You How To Make Money with an eCommerce or dropshipping Store Using Shopify from Amazon.
This system claims you can make tons of money with little effort. It isn’t possible to start generating thousands of dollars by filling in a form and activating your account with a few clicks of a mouse button.
The bottom line is that the system is only there to make the owners rich at your expense.
eCommerce is a huge market and there are people who are making a fulltime income on eBay. However, if you ask them, they will tell you that it has taken them years to be where they are and that it takes hard work, patience and a lot of trial and error working out the best selling products.
It isn’t as simple as spending 20 minutes to set things up and then you start to see the money rolling in.
With the additional costs which are needed from the outset, eCommerce isn’t the best way to get started online.
I do Affiliate Marketing which doesn’t require you to worry about products, shipping, vendors or any of the things associated with the eCommerce business model.
With Affiliate Marketing, you will promote products on behalf of vendors. You will be issued with your own unique affiliate link so that when someone clicks on your link and make a purchase, you earn a commission.
The beauty about Affiliate Marketing is that it is a growing market, has a low start-up cost, beginner friendly and you are never short of products or services to choose from; you have thousands of vendor networks you can choose to promote products.
Check out the short video below that shows what Affiliate Marketing is in a nutshell.
Even though there are only 4 steps, the key to your success is step 3 – attract visitors.
I was fortunate to learn about this with the training platform I use that teaches Affiliate Marketing.
The Affiliate Marketing strategy is simple and straightforward. You won’t be making money within 20 minutes of starting. It takes hard work, patience, commitment but it is worth it as it is setting you up for a passive recurring income for years to come.
Think about it.
The work you put in now is work towards you living the laptop lifestyle.
Can you imagine working on your laptop on a beach or paying for your next holiday using cash? What about being able to spend time with your family and friends without having to worry whether your boss will approve your time off.
This is what you will be working towards.
I am now earning a monthly recurring income because of the training.
It certainly does deliver.
If you are serious about making money online, don’t waste time on products like The EB Formula. They are only there to make the owners rich as they don’t give you everything you need to be successful. They will drip feed you at each stage of your journey with another product they say you will need.
The training platform I use has all the tools and the training you need to get you started online.
You can test it out for FREE today. No credit card required.
For details on the platform, click here.
Click the button below if you want to get started NOW where you will learn:
- How to Choose A Niche
- Setting Up Your Website
- Understanding How To Make Money Online
- Plus much more in the video-based tutorials
This training platform has helped me to build my own successful business online and it can help you too.
It takes hard work, patience and commitment.
If this sounds like you, click the button above.
Whatever decision you make, I wish you nothing but success with your online journey!
Thank you for taking the time to read my EB Formula Review. If you have any questions or comments, please feel free to leave them below and I will get back to you.
Until next time, take care!