Can you really make up to $3624.18 on eBay today with The EB Formula? Is this new system really that great? The answer is NO! Unfortunately… This is yet another online scam that is just going to be a waste of your time and money.
Believe me… If you really could make this kind of money this easily with this new system, I would be all over it. But that is not the case.
You probably landed on the video presentation for this system and came to the conclusion that it might be a little bit too good to be true. Well, you were right and in this short review I'm going to be going over why this is a scam and why you should avoid it.
Review of The EB Formula
The system, which is also called the eBay Formula, was supposedly created by a guy named Dan Wright… It was actually given the system from an old college buddy that was supposedly making nearly $1 million every year online. But I'll get more into this later.
When you land on the sales page for The EB Formula you are greeted with a video presentation that starts out by saying "congratulations" because you have been specially selected to start using this new formula.
The guy claims that people are making over $40,000 a month with this system and that you can be up and running in a matter of minutes… And that it is "as simple as tying your shoes".
The system is all about leveraging eBay to make money online and is specifically focused on what is called "drop shipping", which is when you sell products on eBay but don't actually keep inventory. Basically you sell on eBay and have products shipped directly to the buyers straight from the manufacturers.
Dropshipping is a legitimate way to make money online and actually is something I have a couple years of experience doing. However, it is not something that is "super simple" and if you do buy into the EB Formula you are just going to end up going down the wrong path and failing.
There our lots of red flags alerting you that this is a scam, here are a few…
5 Very Scammy Red Flags
#1 - Fake Testimonials
Remember watching those testimonial videos from the people claiming that they are making tons of money with this system?
Like this one, where the guy says that the power of the formula is "mind blowing" and claims that he has made over $120,000 in the last three months…
And then there is this one from a woman who claims to have wasted tons of money and time trying to make money online, but has since been able to make over $40,000 every month with this incredible new system…
If you watched the video presentation then I am sure you remember seeing these testimonials.
Well… Unfortunately they are all fake. Both of these people are paid actors that can be hired on the freelance digital marketplace called Fiverr. They actually usually do their video presentations as spokespeople together as you can see here…
#2 - This "Dan Wright" Guy... Who Is He?
So this guy named Dan supposedly went to college in California and shared a room with some guy named Warren Paul. They started a design business together and Warren ended up making a ton of money and screwing over Dan.
After the situation Dan was depressed but ended up meeting up with an old college friend named Jason who is making tons of money on eBay. This guy ended up giving him his EB Formula that he had developed in the rest is history.
But is any of this actually true? PROBABLY NOT.
They do not give any sort of verifiable information on this "Dan Wright" guy. Not even a picture is shown of him.
I have reviewed plenty of other scams in my day that are promoted under fake names.… This seems to be another one.
#3 - Sounds Way Too Easy
And of course the thing just sounds way too darn easy. I mean, below the video they have steps one, two, and three outline for you where basically seems like you just activate your account and the money starts flowing in…
This is obviously a bunch of BS and making money with the system isn't going to be near that easy.
#4 - It's a Bunch of Fluff With No Detail
Another common characteristic of a scam is vagueness. And as you probably know the information given on this system is incredibly vague. It is a bunch of fluff with no detail.
How does the system actually make you money? Does it somehow analyze the market and find you the best products to sell? Does it somehow help you target the perfect audience to sell your products to?
There is no information given on… All you are told is that you are going to make it rich off of it.
#5 - Fake Income Statements
Something else I call my eye is that below the video presentation there were a bunch of income statements going across the screen from people who have supposedly been making tons of money with this system.
But unfortunately these are all fake. How do I know? Well… Because it doesn't make any sense that this place would be able to know how much people are making. If they are making money through eBay than they should be getting paid into their own PayPal accounts… And how would this system have access to that information?
There Is No "System"!
I've in using the word "system" a lot because that is the word that "Dan" uses in the video presentation. However, this is it really a system like you are led to believe.
Basically you are just getting a bunch of crappy training videos on the basics of selling on eBay. Some of these include topics like…
- Getting started with Ebay
- Registering for Alibaba
- Signing up with PayPal
This is not some system that you just plug into and start making money with. It is far from that. The information given is incredibly misleading and a lot of it is nothing more than a lie.
Conclusion = It's All a Scam
Can you really make over $3000 on eBay starting today with this system? That is what they tell you but the truth is that there is no way in hell you're going to be making this much… In fact you won't make a penny today even if you do buy into the system.
Selling on eBay can be profitable but it is certainly not easy and I pretty much guarantee you are going to fail if you buy into the system. This is all a bunch of crap. They lure people in with the hopes and dreams of making easy money online and then give you some crap training that is just going to be a waste of your time.
So please avoid this… this goes for anyone who is reading my review here.
I don't have any good recommendations for systems or training programs when it comes to making money on eBay, but if you are interested in just making money online in general, I would highly recommend taking a look at how I went from $0 to over $6,000 a month online.
Questions or comments? Just leave them down below and I'll get back to you as soon as I can 🙂