Product Type: Pyramid Scheme
Scam or Not: Scam
Overall Rating: 1/10
250 Payday is a product that I stumbled across online fairly recently. It’s one of those sites that has a lot of hype but is pretty scarce on useful information. In fact, the main page has little more than a 30-second video to offer.
That certainly isn’t encouraging, but is 250 Payday a scam? In this post, I take a look at what the site actually has to offer and whether it’s worth your time and money.
The first thing to note is that I actually found two sites for this product. The sites are pretty much the same, although one has testimonials and the other doesn’t. In both cases, the sites play the same short video, so there really isn’t much difference.
Now, the video itself isn’t exactly encouraging, especially as it just ends up looking cheesy rather than convincing. In fact, the guy spends the whole video flicking through a stack of money and giving vague statements. I’m sure that approach is supposed to be convincing but personally, it just makes me want to laugh.
It’s also important to note that the video doesn’t tell you anything at all about the product – just that it will let you earn $250 or more a day. To find out any more, you have to give your email address (which, of course, sets you up for a lot of spam).
Personally, I hate that tactic. The site could easily tell you what is actually involved before making you give out personal information but they choose not to.
So, what actually happens when you sign up?
Well, you get sent to a page that tells you to go to your email and confirm your subscription. This means that you have to have provided a legitimate email address and it also means that you accept emails from them. The email you get looks like this:
Once you click that link, you get to the actual site for 250 Payday and to be honest, I was less than impressed.
To me, the site looks incredibly basic and the owner hasn’t even bothered to put a real logo on there. In fact, most of the site looks like a rush job, which doesn’t bode well for your potential to make money.
But, what is it?
According to the marketing, this is a ‘done for you system’ where you are earning on ‘autopilot’. Of course, nothing is every as simple as all of that.
When you get down to it, 250 Payday is essentially promoting a form of affiliate marketing. As with normal affiliate marketing, the idea is to sell digital products and when you do, you get a commission.
Normally it takes a while to be successful in affiliate marketing because you have to build a site and get traffic to it, as well as actually convincing people to make sales. None of that is as hard as it seems but I’ll come back to that later.
250 Payday varies that approach by limiting the products you promote and providing a system that is pretty much entirely set up for you. As far as I can tell, this means that they create a site for you and you use their videos to make sales.
Of course, everyone gets the same website, so your odds of getting noticed are fairly slim.
Besides that, you have to rely on their marketing. And… if that marketing is anything like the videos for 250 Payday – it isn’t going to be very useful.
I’m not especially keen on the products either. The site gives a list of different products that you will be promoting, including these ones:
I don’t personally recognize those products but I will say that they sound pretty low quality and a lot like scams. Realistically, most of them are likely to be low-quality eBooks or techniques that don’t really work in the modern marketing environment.
To make matters worse, you don’t actually get to see what the products are before you sign up.
So, the idea is to promote products that may, or may not, be any good – and you have no way of knowing beforehand. Is this starting to sound suspicious yet?
Well… it gets worse.
One you go through all of the steps, you end up at a different site again, which walks you through three steps for making money with the system. The first step? Pay the person that sponsored you $250 and then email them your receipt.
This is where the program really takes a turn for the worse. Earlier I said that the program was like affiliate marketing – and the early promotions made it sound like that. But, it is actually something different again.
Basically, you pay $250 to sign up and be able to download whatever the products happen to be. Then, you try to get others to do the same.
This is a pyramid scheme, pure and simple – and a scam at that.
Normally, the biggest difference between a pyramid scheme and a legitimate company is products. MLMs are the classic example of this. They have a similar structure to a pyramid scheme but they are considered legitimate because you can make money just by selling the products.
But, with 250 Payday, the approach is a bit different.
Yes, there is a product, but the product and recruitment are tied up into the same thing. Plus, you aren’t buying the product from the company, you’re supposed to be paying the entire fee to another member.
This is not a legitimate way to make money!
Furthermore, you don’t even get to see the rest of the steps until you pay that $250 fee.
Benefits and Advantages
When it comes to online products, I like trying to find the good and the bad side because just about every product has at least some good things and some bad things. However, that’s really not the case here. Instead, this is one product to completely steer clear of.
Issues with 250 Payday
Pure and simple, 250 Payday is a pyramid scheme and there is a reason that these are illegal. There is simply no way that you can sustainably make money from the system and honestly, you’d be lucky if you made a single ‘sale’. Certainly, no one would be prepared to pay $250 to buy a set of products with dubious names when they don’t even know the first thing about what the products are supposed to offer.
The only reason that someone would actually pay into this scheme is if they thought they could make money, which is precisely the problem. In this type of system, the only people that ever win are the people high up in the chain.
In this case, that’s mostly the product owner – as he is the default sponsor for anyone who signs up from the website. I imagine that very few people manage to get anybody else to sign up.
Besides, you have to pay $250 to even have a chance of making money.
That’s a lot to pay for such a slim hope of getting somewhere.
Is 250 Payday a Scam?
I hate the word scam because it gets thrown around so often these days but in this case, the term is entirely accurate. There is simply nothing legitimate about the product at all and you’re unlikely to make any money from it.
Earlier in this review, I mentioned the concept of affiliate marketing and I want to talk about that a little more.
The basic concept of affiliate marketing is that you promote products online. Most of the time this involves building your own website (or websites). The great thing about the approach is that you can promote just about anything, because there are thousands of affiliate programs out there (including sites like Amazon).
Personally, I’d much rather promote a product that people are interested in, instead of one that many people won’t have even heard of.
If I had to pick one, I’d say the biggest challenge of affiliate marketing is simply learning what to do. As challenges go, that’s not such a big issue because learning is certainly achievable.
In fact, I even have a training site that I recommend and it’s a good one. The site in question is called Wealthy Affiliate and it is specifically designed to help beginners to be successful in affiliate marketing. So, take the time and check it out!