Welcome to my Wealthy Agency Review
We’ve all seen those products online that claim they can help you make a ton of money and retire in a holiday home in Santorini, all within a year or two. These days, it feels like a new one comes out almost every day. Most of them are just scams designed to swindle you of your hard-earned cash.
Unfortunately, many people have fallen victim to these scams. This is why it is so important to do your research first before handing over your money to anyone online.
If you are here, it means you want to do your due diligence on what Wealthy Agency is and whether it is a legit product or not. This article will answer all your questions.
Wealthy Agency is a product developed by serial product launcher Jamie Lewis. His previous programs include Profit Injector, Profit 365, Bank Ramp, Income Times Ten, and many more. I have even reviewed some of these products on the site before. So far, Jamie has created a mixed bag of products; some legit, some scammy.
Wealthy Agency is an online course that will guide you on how to start your virtual outsourcing agency. Jamie claims the course will change your non-existent internet business into a 6-figure monthly dynasty. In his trademark over-the-top way, he says that with his product, you will become the guy who drives a Bentley and has private chefs and butlers that maintain your mansion for you.
Before we rule it out as too good to be true, let’s first see how the program works.
WEALTHY AGENCY 101
The course will teach you how to set up your digital freelance agency.
You are going to advertise for digital services like business card design, web design, logo design, media ad campaigns and many more. This you can do by posting a free or paid ad.
When a client sees an ad and takes you up on your services, you need not worry about how the work is going to be done. All you need to do is to hire freelance workers to complete the task. Once they are done you pay them and send the finished task to the client.
Therefore, in this business model, you are a middle man.
HOW MUCH DOES IT COST?
To join Wealthy Agency, you will need to make a one-time payment of $27. Once you pay you will gain access to the members’ area. There you will find 6 video lessons. They include 3 videos about the “Philosophy” of making money via a service-based agency, 1 video on a traffic case study, 1 video on building websites, and 1 video about a FB ads case study.
You will soon realize that your $27 will only give you these 6 video lessons, and they do not provide much value. You can get free videos with much better value from the internet.
From there you will be hit with 3 upsells.
- WEALTHY AGENCY OUTSOURCE SUITE – $279
With this upsell you will get Jamie’s ad templates that he uses to get outsourcing agents (freelancers). Additionally, it includes how to screen workers and to ensure you are getting the best workers. It also shows you how to agree on the right prices with the worker.
This upsell has 2 lessons.
- WEALTHY AGENCY WEEKLY TRAINING CLASSES FOREVER – $149
For this upsell, you will have a weekly training webinar that has a Q&A session. Furthermore, it has additional training and special guest speakers.
- WEALTHY AGENCY BUSINESS IN A BOX – $249
You get done-for-you Facebook ad campaigns.
In the course, Jamie talks about free advertising. However, to have success in your new business he advocates for paid advertising.
If you are going to pay for advertising, you will need at least $150 per month.
Although this will accelerate your success, do not feel the need to use only paid advertising. You can start with free advertising and scale up as you move along. You can also mix things up a bit by using both free and paid advertising.
Other expenses you will incur include setting up a website and paying for hosting services. For a decent domain name, you will need at least $15. Good web hosting services cost an average of $100 a year.
If you are tally up your expenses you will incur:
- $27.00 one-time payment for the course
- $279.00 for the Wealthy Agency Outsource Suite (recommended)
- $15.00 for a domain name
- $100.00 for hosting
In total, you will spend about $421 without counting the optional $150 minimum for paid advertising. When you add the advertising budget, you will need $571 just to get the ball rolling with this product. Jamie conveniently fails to mention this.
PROS OF WEALTHY AGENCY
- It is a legit product
This is a legitimate online business opportunity. People are looking for digital services but do not know where to start. You will be the go-to person to link a client to a freelancer. If you are good at dealing with people, this is actually a good venture to consider.
- It comes with a money-back guarantee
This is a ClickBank product and is sold through their affiliate network. As such all of their products come with a 60 day no question asked money-back guarantee. So if in 60 days you are not happy with their services you can contact ClickBank and get your money bank.
CONS OF WEALTHY AGENCY
- It relies on exaggerated claims
Jamie is a pretty good salesman. He knows the right emotional buttons to push for people to buy his products. His sales pitches talk of living in mansions and driving Bentleys, and he makes it seem like making money using his products will be a walk in the park.
His claims that you will make $100,000 in a month are impossible. Realistically, you will be lucky to make $100,000 a year. It will take years of hard work to get to the income levels he is talking about.
You should be careful not to buy into this kind of hype online. 6 figure incomes never come overnight.
- The business model is problematic
Before investing in any business, you first have to understand both the positive and the negative side of it. Jamie won’t tell you the downsides of his business model because he simply wants to sell as many courses as possible.
First of all, despite what he might want you to think, this is not a new business idea. There are many versions of it, both online and offline. Jamie is offering nothing new, just some training and templates to make your start easier.
Second, the agency business is super competitive. This means prices often get just as competitive, and profit margins can be very slim. You will also need a more professional approach than the one Jamie offers. It takes a lot more than just finding a client and getting paid upfront to outsource services.
You will also be faced with challenges like managing clients and freelancers, something that can be very time-consuming. You will need to find the right freelancer for every job, which can be daunting and risky if you have zero experience. Also, finding consistently available freelancers can be challenging.
In this business, you are at the mercy of clients. Whenever they change their minds suddenly, you are left with the loss. Plus, if you are over-reliant on “major” clients and they choose to move on, you will be hit by a massive blow on your income.
You also are required to set up payment processes, customer support, and reporting systems.
This business can only be managed by someone who is super organized and detail-oriented. You also need to have pretty decent marketing skills.
- It is not beginner-friendly
Despite Jamie making it seem extremely easy, starting an outsourcing agency is nothing like that. For a beginner, you will be overwhelmed by the many moving parts of the business.
If you are someone who has never used freelancing websites like Fiverr and Upwork, that learning curve will be extremely steep. If you have never done Facebook Ads or Google Ads too, this is going to be a tough business to get into. You will likely have to spend some money before getting the hang of it.
When you add all that to the fact that there are zero guarantees on the return of paid ads you will realize that you will very likely lose some money before you can start making it.
- It may not be worth the money
Quite frankly, the training offered by Jamie is not worth it. The $27 for membership gives you access to 6 videos. These videos do not offer any significant value, and you can get even better info for free on the internet.
The upsells are not any better. They are just a way to make you part with more money for a program that is not worth it.
- There is no guarantee you will get your money back
Though the program advertises itself with a 60-day money-back guarantee, it is not necessarily the case. In their return policy, Clickbank doesn’t guarantee a full refund for digital products. They claim when a person returns a digital product they still get to keep it and in most cases, have already benefited from the product before its return.
In such cases, Clickbank says it reserves the right to make a full refund or less than the purchase price.
ALTERNATIVES TO WEALTHY AGENCY
There are very many ways to make money online. Most of them are legit and only need a willingness to learn and work hard. Of all these, one of the best ones is affiliate marketing.
As an affiliate, you act as a middleman promoting helpful products online and earning a commission if your readers act on your recommendations. You do not own any products of your own, and you get to choose what products you want to promote.
So, how do you get started in this business? Well, you will first need to identify the products you want to promote. Look for products that you are passionate about since they will be easier for you to market. You have to make sure that whatever you are promoting will help your readers. First and foremost, you are helping your readers/customers, money comes second!
Next, you will need to set up shop. In the online world, this is your website. Here you will display your products and educate potential customers about them. You can do this through product reviews, blogs, and how-to guides.
When you give your audience real value, they will be more open to being marketed or sold to. Rinse and repeat this process and you will be on your way to success.
Even though the process sounds straightforward, it can be a steep learning curve for beginners. Doing it alone means it will take much longer for you to set things up and start seeing those profits.
To make the process easier, most people enroll in affiliate marketing programs to help guide them. the one I recommend is Wealthy Affiliate.
WHAT IS WEALTHY AFFILIATE?
It is a program designed to help you set up your affiliate business easily and in a stress-free way. The program has two options: a free membership and a paid membership option.
For the free membership option, you will get all the guidance you need to get the ball rolling. They will help you set up shop and offer you free 24/7 guidance for one week. That should be enough to help you kick things off on high gear.
If you want to expand the training and the tools available to you, you have the option of upgrading to a premium membership. Here you will get 24/7 support for your business along with 1 on 1 business training that will ensure the success for your business. Please note that you do not have to upgrade if you don’t want to. Its up to you!
I cannot count the number of times I have seen products online that claim to be able to help you make thousands upon thousands of dollars in a few weeks. They all claim to be powerful online business opportunities that will allow you to live in the most exotic place on earth, make 5 or 6 figures every month, and have chefs and butlers at your beck and call.
They make you picture how your life will change. A stress-free lifestyle that will let you spend more time with your kids and never have to worry about the bills, debts, or loans.
Who would not want such a life? What they do not tell you is that this lifestyle never comes overnight. It takes hard work and dedication, and lots of sacrifices. When you look at these products, they make it sound like you could be lying on the beach in a few hours if you buy what they are selling.
It is products like these that give online marketers a bad name.
Programs like Wealthy Agency will be difficult to implement. You may earn some income if you are ready to work extremely hard and if you already have extensive experience in this sort of arbitrage. It would be a stretch to think you will hit the jackpot with it.
On the other hand, online opportunities like affiliate marketing have great potential to give you true financial freedom. With hard work and consistency, it is very possible to start making that 6-figure income. And Wealthy Affiliate can hold your hand and get you there.
If you decide to take me up on my recommendation I will be on the other side ready to lend a hand on your journey to financial freedom!
To your success,
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