Welcome to my Pennies 4 Profits Review.
Having a large customer base online, can help with your conversion rate but does P4P deliver in its claims in being able to get you leads for pennies or is it a scam?
You are at the right place to find out as my review will reveal all you need to know about this product.
Name: Pennies 4 Profits (P4P)
Level: Beginners to Advanced
Who Is It For?: Those looking to acquire leads
Price: $60 signup fee then $30/month
Guarantee: You will need to cancel within 24 hours or lose that months’ fee.
Overall GoWorkFromAnywhere Rating: 2/10
Are you fed up with being scammed when all you want to do is build an online business using schemes and solutions that work without costing you an arm and a leg?
What Is Pennies 4 Profits?
The promotional video below gives an overview of the system.
Please do watch before you continue reading ths review.
Pennies 4 Profits is a lead generation system that claims to get you leads for pennies, hence the name.
The leads are primarily from the USA, however, they have not revealed the source of the leads.
You can download leads in batches of 100 each day which will work out to about 3000 leads each month.
Every 24 hours you’ll receive another 100 leads.
With these leads, you can then send out emails with your promotional offer with the hope of converting that lead into a paying customer.
At this point, you may as well cross your fingers and hope for the best … 🤔 as buying leads and sending out emails to people you don’t know where they come from is nothing but spam.
I’m sure you’ve received emails from companies and individuals whose name doesn’t ring a bell and you end up deleting them or adding them to your spam folder.
Likewise, recipients of these emails generated by the Pennies 4 Profits system will probably send them to the spam folder or delete them without even reading them.
What Will You Get By Joining Pennies 4 Profits
You will have access to hundreds of leads each day that you can download onto your computer as a spreadsheet.
The spreadsheet will include the following information for each lead:
- First Name
- Last Name
- Email Address
- IP address
- Fresh Factor Date (An indicator that will tell you that the lead is new)
Once you have your leads, you can use the built-in P4P mailer client to send out your mail shots OR if you have your own email service provider you can import the list and send your mailshot from within that client.
So, basically, you’re paying $60 upfront fee and $30 month for this service which may work…
What Is Wrong Using Services Like P4P?
There are a lot of things wrong with using services like Pennies 4 Profits.
I have listed many of them in the Cons section below.
People are being scammed every day even if you are running a legitimate business, internet users now err on the side of caution before responding to emails, signing up to lists and so on if they didn’t request the service.
What consumers are now looking for is value before they subscribe to any list; it can come from many sources – an ebook, a review, an informational guide, a video presentation and so on.
The best way to build an email list is to create valuable content for visitors; so when they land on your website they are more than likely to subscribe to your mailing list.
In so doing, there is potential to turn that lead into a buying customer.
Systems like Pennies 4 Profits do not provide value. They are there to make a fast and easy solution that looks great nut at the end of the day, it’s more money in their pockets and a pretty much useless system for you.
Building a business takes time and effort.
Yes, everyone loves to have a large mailing list as each person on the list can turn into a buying customer.
However, there’s a big difference between sending out promotional emails to people who are likely to make a purchase and those who have no interest whatsoever in what you’re selling.
Personally, if I have signed up to an email list, I will open emails I receive from that individual or company as I have had some experience beforehand with them so I’ll be interested to see what they are offering.
On the flip side, if an email turns up in my inbox from a sender who I don’t know, I will not open it.
Reading emails can be time-consuming and everyday inboxes are flooded with unwanted mail.
Using systems like Pennies 4 Profits will only exacerbate this issue.
Is Pennies 4 Profits A Scam?
No it’s not a scam but it isn’t an ethical way to build your customer list.
I’ve said it before that recipient of emails are highly unlikely to open emails from a sender that they don’t know. You might get 5% reading your emails – just out of curiosity – however, out of these 5% less than half these people may become potential customers.
Even though it’s not a scam, is it worth the price?
I think you know what the answer is.
If you really want to target customers, the best way to do so is through a method called Affiliate Marketing.
With this model, you will offer products and services to people who are actively looking for them so the conversion rate will be much higher.
If you focus on promoting products and services around a particular niche area, you will build up a genuine list of clients that will subscribe to your list.
This is a much better model as it allows you to focus on potential customers by offering them something they are possibly looking for.
Say for example you wanted to sell diet books for diabetics.
People you will attract to your site will be diabetics looking to improve their diet.
You can target these customers through the use of Affiliate Marketing and through learning how to do so successfully through legitimate training.
Once they visit your site, they are more than likely to subscribe to your newsletter/email list.
Then by sending out emails promoting diets and products will earn you a possible sale.
- Generate leads every 24 hours
- Sending out emails to people who may not have an interest in what you are selling.
- Spammy way to operate a business.
- No idea where the leads come from.
- Using their own mail client means that the email address will be generic – the conversion rate will be very low.
- Will the list be unique for every P4P member or will each recipient be spammed with different offers?
- Leads generated may not be targeted to your market.
- Waste of time – you will have to sift through the list to weed out what may look like spam email address.
- Not an efficient way to build a list.
- Unknown owner.
- No support.
- Pressurising you into buying by telling you that the price will go up to $1,299/year if you don’t buy now.
- Only 24-hour money back guarantee. Hardly gives you time to test the process.
If you really want to build up a customer list, the best way to do it is to target the customers for the products or services that you are promoting.
You can do that in many ways – by joining groups relevant to your niche, posting on Social Media sites etc but again, this is like sticking a finger in the air.
The best way to build your email list is by creating your own brand that you can market through your website.
When you do this, you will become known and people will begin to associate with you once they see your branding.
If you offer a valuable service, they may even recommend you to friends and family which is an added bonus.
Just having half a solution with a lead generation system, like Pennies for Profits, leaves out key elements that you need to be successful.
You may be thinking this sounds great but where do I begin.
My advice to you is to start at the beginning:
- Learn how to create content that will be targeted to your market.
- Learn how to market to your targeted audience using Social Media.
- Learn how to set up a Sales Funnel for your leads.
- Learn how to monetize that traffic.
The great thing is that you can begin right now using the training program that I use.
This training platform taught me everything I know about building an online business and attracting leads. I have attracted leads that have turned into clients and I didn’t use Pennies 4 Profits.
It does take a lot of hard work, time and dedication. It isn’t a done-for-you, push-button system. It takes patience.
So if you’re looking for a quick method of gaining customers and aren’t willing to put in the effort, I’m afraid this method will not work for you.
However, if you know that an online business is similar to a brick and mortar business where it takes time and effort and a lot of hard work, then you may have found the right solution.
You won’t have to pay $60 to sign up, you can sign up for free.
So, before you spend $60, check out my review of my #1 recommended system I use by clicking the button below.
I have included a comparison chart below between my #1 recommendation and Pennies 4 Profits so you can see at a glance how they differ in their offerings.
Please do check it out if you want to build your own online business that will last the test of times AND have legitimate customers coming back to you time and time again.
In the meantime, if you have any questions or comments about Pennies 4 Profits, please feel free to leave them below and I will get back to you.
Until next time, take care!