Is Speed Wealth a Scam? My Honest Review

The Speed Wealth system is something that’s been recently launched by a guy named Matthew Neer & it claims to be a 100% “done-for-you” system that closes sales for you & sends you all the commissions…

Essentially you’re led to believe that you can just plug into the system & begin making money without really doing anything – so it is actually legit or is Speed Wealth a scam that will only part you with your cash?

That’s exactly what I’m going to be uncovering right here in this Speed Wealth review which means if you’ve been thinking about signing up to it then you can rest assured that you’ve landed in the right place to find everything you need to know about it before you do – and don’t worry, I’m not affiliated with it (meaning you’ll be getting a real, honest review). 🙂

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What Exactly Is The Speed Wealth System?

The Speed Wealth System HomepageBasically the Speed Wealth system is claiming to be a “done-for-you” online business, so Matthew is claiming to have taken away the need for you to build a website, a sales funnel & all of the other jazz that comes with developing a business online.

Instead you’re basically told that the only thing you need to focus on to make money with the Speed Wealth system is traffic, and there are several training videos inside of the system that show you how to get it.

But Matthew stresses that the methods he teaches you to get that traffic don’t involve any SEO, social media marketing or anything like that. He claims the Speed Wealth system has been designed around the exact automated sales funnel that he’s personally used over the years to generate 7 figures online which he names the “ascending sales funnel”.

And when it comes to Matthew’s claims, one thing I do want to stress is that unlike we’ve seen with many of the other systems I’ve reviewed which merely use fake actors, in this instance Matthew Neer is the real deal.

He’s launched several products prior to this one (with one of his most popular being Operation 10K) and it’s clear that he has had genuine success online & earned a substantial amount of money over the years.

But is the Speed Wealth system worth your time (or money)? Let’s take a look…

How Does The Speed Wealth System Work?

To get access into the Speed Wealth system you’ll firstly need to pay the initial joining fee of $47 (which is actually discounted by $20 to $27 if you try & exit the page before you enter your details).

This fee alone will get you inside, but it’s important to note that on top of the initial joining fee you’ll be charged an additional $19.95 per month if you wish to maintain access to the system after the first month.

Speed Wealth Monthly Payment

Inside the members area you’ll find that you’ll be given access to a 5 step fast start guide which explains how you can make money online & shows you how the system (the ascending sales funnel) is supposed to work.

You’ll also get access to the “ascending sales funnel” that Matthew has created & you’ll be able to earn money by referring people to it as an affiliate. There’s a series of videos in which Matthew explains his traffic-getting strategies which you can use to send people to the sales funnel.

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Sadly though I feel that the initial product itself is quite lacking in content & that instead “the good stuff” is hidden away in upsells which in total could see you spending around $500 on top of your initial $47.

The reassuring thing though is that the product is sold through ClickBank which has a reputable 60 day refund policy so if you buy into the program & find you don’t like it then you’ll be glad to know you should have a pretty good chance at getting your $47 back.

However be aware that the 60 day refund policy only applies to the initial $47 payment (or the $27 discounted payment) and not the subsequent monthly payments or payments for upsells – those won’t be refunded.

The Speed Wealth Affiliate Program…

Whilst you can buy into the Speed Wealth program & get access to what Matthew calls his “ascending sales funnel”, you can also promote the Speed Wealth system itself as an affiliate through ClickBank.

Matthew is paying out whopping 50% commissions on sales of the Speed Wealth system & that even includes the several upsells inside & the recurring monthly payments too, a pretty lucrative program.

Overall the Speed Wealth affiliate program could see you earning around $250 off the bat (from the initial fee & upsells) then around $10 per month for every member you refer for as long as they stay subscribed.

My Verdict – Is The Speed Wealth System a Scam?

In my opinion, no the Speed Wealth system isn’t a scam, however there are a few little things that I don’t like about it. The first one is the fact that the whole thing is based around “speed & ease”.

I mean I know everyone wants to hear that they can make money quickly & easily, but the truth is that unless you’re already an expert the chances are that it isn’t really going to happen (or it’s very unlikely anyway).

I appreciate that Matthew has done it to increase the conversions into his program but I think it will leave people disappointed when they find out that they can’t make the money as quickly & easy as he promises.

Instead, rather than just plugging & making money like he makes out you’ll be required to go through a training series to learn how to effectively market the product online & this involves some trial & error.

Don’t get me wrong though you can definitely make money with his product – as you can by promoting the product itself through ClickBank & earning 50% commissions on each of it’s sales.

The other problem is that I feel like an awful lot of the content has been reserved for upsells. Sure, I know upsells are part of marketing – but I feel like it would have been much better if there were fewer upsells & more value put into the initial product itself. As it is at the moment I feel like the initial product is quite lacking – you’re not left really feeling like you got that bang for your buck.

So whilst this is a genuine product & one that’s been well put together by Matthew (who clearly knows his stuff) unfortunately it’s not something I’m going to be recommending to you at this moment in time because of the things I’ve just mentioned above. In my opinion a better product for you to start out with would be Wealthy Affiliate, where you don’t actually need to pay anything upfront.

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About the Author:
I'm Dale Rodgers, a former electrician that discovered how to make a full time income online. I've put this blog together to share what I've learned so that I can help others do the same. Read more about me here.

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