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Is Speed Wealth System a Scam by Matthew Neer? – My Review

SPEED WEALTH SYSTEMThe Speed Wealth Commission System claims to be a “done for you” system that will automatically close sales make money for you online. But if I had 1/10 of a penny for every time I heard that I would be a rich man, and I’m sure you would be also.

Can you actually trust this place or is Speed Wealth System a scam like it somewhat seems to be? I did a little investigating into this system and you are going to want to hear what I have to say in this review.

Speed Wealth System Review

The Speed Wealth System is an online marketing system that was created by Matthew Neer. It provides training, tools, and many done-for- you features so that people can make money online. But don’t let this guy fool you. I must admit, he is a very good talker and can really get you pumped up to buy in just from watching a bit of the video.

But… this system isn’t as good as he claims it is. And I’m guessing you were suspicious of this which is why you decided to read my review in the first place.

It is not nearly as simple and easy as he leads you to believe it is. While you can make money with it the reality is much different than it seems.

How It Works

So here is how it works: You buy into this system and then you are provided with tools, training, etc so that you can go out and get other people to buy into this same system…. simple as that. It is very similar to Aspire, MOBE, and many others.

The training you get…. ya that is going to teach you how you can sell this same system and earn commissions. And those done-for-you sales funnels…. ya those are going to be designed to sell this same system.

You will also have the ability to re-brand the system with your own name and logo if you wish. This way it seems like a totally new system even though it is not. This is pretty common with the MOBE & Aspire programs I mentioned above. You see sites like Borderless Income SystemRookie Profit System all the time that are just cover sites with fake names funneling people into the real program.

Its NOT as Easy as It Sounds

Done for you sales funnels & products that you can sell??? Sounds complete right? Wrong. You WILL have to put in the work if you want to make good money here… .and it won’t be easy. He tells you that it is “100% done for you” but this simply is not true at all.

I also noticed on the sales page that there are “5 simple steps” listed as follows…

  1. Login to your account
  2. Connect your commission link
  3. Select your traffic source
  4. Point traffic to commission link
  5. Sit back and relax

These are very misleading. Sure it is simple to login to your account and connect your commission link (steps 1 & 2), but the traffic generation part of it (steps 4 & 5) are not easy by any means.

Its not like you just click a few buttons and get traffic. This takes training and implementation. Traffic generation is probably the most difficult part of online business and it is no easy task. If you think it is going to be easy then you have already failed. There is a lot of competition out there when it comes to online marketing and you really have to play hard to win.

I have been making money online since 2015 and the reality I have come to know is that there is NO easy way to make money online.

The Hidden Cost

While it doesn’t cost much to buy into this system that beginning price isn’t the only one you will have to pay.

Do you remember on the sales page how Matthew talked about how you don’t want to just sell low ticket products, you need to sell high priced products to make good money? And that with this system you will be able to earn big commissions from the high ticket products?

Well the same thing is going to happen to you. The person that referred you to the Speed Wealth System was told the same thing. And this means that you are going to get up-sold on the higher priced products just as those that you bring in. Its a circle.

On top of the upsells you will also have to pay for traffic because paid advertising is a big part of this system.

Conclusion on the Speed Wealth System & What I Recommend

Whether you call this place a scam or not is up to you. While you can make money with it and there is a lot of value provided, it is not even close to as easy as you are led to believe and its just a big circle of selling the same system you bought. Some people would call this a scam for sure but I’ll leave that up to you.

One thing is for sure though, I definitely do not recommend this. For beginners in particular this is going to be extremely difficult to make money with.

When it comes to making money online there are a lot more scams out there than legit opportunities that I can recommend. However…. gun to my head, what is the best program out there? This is it. I have been a member since 2015 and it took me from nothing at all to making a living online.

==> Recommended program I’m talking about here

Questions or comments? Leave them below and I’ll get back to you 🙂

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