Modern Millionaires Review (Updated 2024): Are They Legit?
This Modern Millionaires review is about a Social Media Marketing course by Chance Welton and Abdul Farooqi, but is running ads and juggling clients really your thing?
Course Name: Modern Millionaires
Instructors: Chance Welton and Abdul Samad
Price: $6,999 — $19,999
Overview
Modern Millionaires is a comprehensive online course designed to teach individuals how to build and scale a digital lead generation business. The course, led by Chance Welton and Abdul Samad, promises to equip participants with the skills needed to generate leads for local businesses and create a profitable income stream.
In one of those stalker like targeting ads on YouTube, Chance Welton promotes his "modern millionaires" course by saying flipping leads is where the real money is.
He elaborates, as all gurus do, and mentions that he and his partner Abdul Farooqi teach this leading flipping in their program. In an effort to appeal to an older crowd, they liken what teach to billboard ads.
They call them "online billboard ads" and they'll be ran on Google, Facebook, and Instagram where you get leads for cheap and then flip them to small businesses for a profit.
But what aren't these guys telling you?
How much does it cost?
Keep reading for my full modern millionaire review.
There's a lot of people out there that think modern millionaires is a scam.
But technically it's not.
If you sign up with them, their only TRUE side of the bargain is that they give you the education to launch your own Officeless Agency, as they've branded it. The modern millionaires cost $6,000 for their lowest point of entry and offer no refunds.
One might be able to make the argument that their program is overpriced I suppose...but ultimately that itself is subjective.
My only real beef with them is their marketing to be honest. Their practices work, but Abdul and Chance clearly use all the elements of marketing that pull the levers of greed in every day folks like us by making it seem like you'll hit 10k in just a few weeks.
But if the pretty high cost and annoying marketing hype doesn't piss you off the way it does me, you are left with the makings of a legit online business model.
Could you run an ad on Facebook for a towing company?
Yes. Might their be a towing guy that pays for those leads?
Yes. And if you could get the leads for $4 and then sell them for $8...you'd have a nice steady stream of income huh?
Just 5 leads a day would get ya' about $600 per month.
Speaking from personal experience, an example like that is actually realistic for the average joe.
But when you see Chance and Abdul reference these thousands of dollars a month monthly clients they've landed...it's merely an exception...not the rule.
If it were me, I wouldn't go in expecting a 3k monthly client right off the bat. But you could realistically stack small wins on top of each other.
Something like 10 clients at $500 per month each would not only doable, but life-changing for most of us.
To be honest though, I'd kinda wanna hear more about HOW you'd get business owners to pay ya'.
And of course, they probably do cover that in their Modern Millionaires program. Personally, the only issue I see is keeping the lead cost down with Facebook and the overlord Zuckerberg.
Not to mention there are countless other programs that teach how to run Facebook ads, how to scale your agency, and the whole nine.
Top programs like Modern Millionaires already have thousands of students...they themselves have nearly 8,000. And each month they continue to add more.
That means millions of others just like you will be vying for the same trendy clicks.
It doesn't take a rocket scientist to understand that with all that competition ad costs will skyrocket over time. And when that happens, you can expect to see your profit margin shrink over time.
What’s My Solution?
I think Modern Millionaires teaches a great business model in theory. However, “theories” often don’t pan out.
For example with the Social Media Marketing business model, you’ll find yourself struggling with 3 basic issues...
Always running ads
Risking your account being banned
Constantly looking for new clients
Yeah, those are just a few of the things that gurus like Chance and Abdul don’t really tell you about the business.
Which I totally understand, if you knew those things... you’d probably reconsider buying from them right?
Unfortunately, they know that too... which is why they don’t say anything.
See, they’re mainly just concerned with you handing over your money (I’m talking gurus at large here) and wishing you luck.
When their system doesn’t work... it’s not their fault... or their systems... it’s your fault.
It’s something you did.
That’s the reason you’re not making full time passive income...
Ugh.
I hate that they deal with people that way. Too much psychological manipulation and once you see it... you can’t unsee it. It makes you sick.
At least it makes me sick...
See I’ve tried a lot of things throughout the years myself. But I’ve also had family members try real estate from their favorite guru, they’ve tried Amazon FBA, drop shipping, running an agency, even credit card programs.
It has never ended well.
You see, I learned that it is almost impossible to do any one of these “side hustles” full time unless you have a lot of money or have come from a rich family.
Gurus will tell you otherwise, but we all know why that is...
So in my online journey I was going to make sure that whatever it was I did was 1: viable and 2: only takes an hour or two after work to work on.
I didn’t want to get stuck in the constant hustle and burn my life away trying to chase after the guru version of the hamster wheel.
Screw that!
I want to be able to work hard, have a job (which isn’t as bad as gurus say), and have some side income.
I’m not greedy.
I’m not looking to get super rich.
Just something honest and simple.
I found that to be something called Local Lead Generation.
No ads, No crazy tech skills, and no real sales skills either.
All you do is build a little website like this:
Rank it to the top of Google like this:
And call up a guy/gal in town who can do the work.
After they’ve made some money, you just ask for a finders fee (super common in the contracting space) and boom... you’ve created a nice dependable side income.
Have I known people who do this full time with hundreds of these sites?
Sure... but they’re pretty stressed out!
People with 5-10 of these though?
Super relaxed from what I’ve experienced myself and seen from others.
And we’re after the least amount of stress possible right?
That’s what I’m thinking...
Full time secure job, 401k or IRA retirement account, and side hustle income leads to a pretty cushy life.
Gurus won’t tell you that because they want to pull on your greed strings.
I’m sick of the industry though, and just want to be straight with you.
There will be some hard work involved. Not everything will be peachy from the onset. But it will be worth while.
So, if you’d like to learn more about how this works, click the Private Invite button below...