What is Speed Feeder -A Scam or Legit?

What is Speed Feeder- a scam or legit? This website is offering a lot of promises while offering very hefty discounts on their subscription is a sure red flag.

Nowadays, a lot of people are interested in becoming their own boss and working from the comfort of their own home.

There is no better way to make this dream a reality than working online, however, there are scams out there that people need to watch out for.

Read on so you will get all the information about this website and hopefully will give you a guide in making an educated decision.

What is speedfeeder.net?

Speedfeeder.net  has been gaining massive popularity since its inception, but the question remains though. Is it legitimate?

The website kicks off with a video describing the supposed opportunities joining the platform will warrant its members.

For example, it states that joining the service will only require an initial investment of $100, making it perfect for those who do not have money and no options for loans.

This $100 capital also gives members access to an extensive library of information, which would normally set them back $1,645. Sounds too good to be true? It most probably is.

Interestingly enough, this video is unlisted on YouTube and does not allow comments as well as ratings.

This is done to hide and avoid any form of negative feedback that may hit the video.

A Library of Information for $100?

The aforementioned “library of information” is known as Speed Feeder’s “Emerald Training Library.”

It is said to contain 41 products as well as four bonuses to help jumpstart a person’s online marketing career.

The first among these products aim to teach how properly copy write, come up with an action plan, build an affiliate “army,” implement web seminars, as well as how to conduct better SEO marketing.

The other programs teach content curation, crowdfunding strategies, the proper use of Google Hangouts and similar services, Facebook and social media retargeting, and the mechanics of infographics.

The bonuses include a silver level pass to SureFire Wealth for more lessons, novice-friendly worksheets and e-books, a “cheat sheet” for email marketing, and full lifetime access to a course on controlling web traffic.

The bonuses include a silver level pass to SureFire Wealth for more lessons, novice-friendly worksheets and e-books, a “cheat sheet” for email marketing, and full lifetime access to a course on controlling web traffic.

Despite this sheer amount of tutorials, it is extremely unlikely that they cost near $2,000 as was claimed.

Similar tutorials would probably be available for free online and may even be more effective.

There is no guarantee that these tutorials will work and not all of them will be applicable to the goals of all members.

An extensive think through is recommended prior to purchasing these programs and these are not the main products of Speed Feeder.

In reality, the membership itself is the product, as will be explained further on in a later section of this review.

Summary Overview

False Promises

Visitors to the site are then greeted by a message from founder Clay Montgomery.

A quick search for this name reveals a blog and a Twitter profile for an “online entrepreneur” whose profile photos are similar to those featured on Montgomery’s statement on the Speed Feeder landing page.

The long-winded and seemingly personal letter Montgomery posted for his fellow entrepreneurs is merely a transcript of what was said in the previously mentioned video.

In his statement, Montgomery claims that he has had over 15 years of experience in online marketing.

He developed the Speed Feeder program based on what he had learned from his two previous endeavors: Digital Altitude and Exits Elite which he is a big time affiliate.

This would lead one to think that he had already helped hundreds, if not thousands, achieve their money earning goals.

However, in spite of all of these supposed credentials and the recent interest in online work from home platforms, Montgomery has not been featured on any major, credible review sites or news outlets.

It is also stated that for every single person that joined Speed Feeder, there were three other people interested in signing on as well.

This is most probably just a made up statement to drum up interest in because there is no way to measure the interest of other people based on existing sign ups.

The people behind Speed Feeder claim that their service allows members to convert $100 into at least $1,950 over and over again thanks to “paid re-entries”.

In any case, it is extremely difficult to earn such a large amount compared to the relatively small investment put in.

However, Speed Feeder claims that people can do it multiple times with their help.

Not only that, but existing members also get 100% sponsor match for every member they refer as well as 100% match for the re-entries of their referrals.

If this sounds suspicious, it is because these are nothing more than lies used to entice people into signing on and investing their money in a scam.

Nothing More than a Pyramid Scheme?

Up next on the site is a “How It Works” section.

This part of Speed Feeder features two videos that are, once again, unlisted on Clay Montgomery’s YouTube channel and has disallowed comments and ratings.

The gist of the explanation is that a member will sponsor two people and that these people will subsequently sponsor two of their own each. This sounds terribly alike to a pyramid scheme.

What this means is that people will invest $100 and these investments will be the money used to pay the supposed profit of the members who referred the others lower down in the matrix.

There is no free membership available for Speed Feeder because if they allow this they will not make any money and have no money to pay their existing members.

This is not a sustainable money-making model and sooner or later members will see major losses pop up on their accounts.

It is only a matter of time until the Speed Feeder operation gets cracked down upon by the proper authorities.

Remember Exitus Elite that was mentioned earlier?

It is actually just a rehashing of Montgomery’s previous venture, Exitus Network, which had a short-lived stint from 2014 to the time it was taken down in 2016.

These Exitus platforms have been exposed as a scam.

Digital Altitude has also had its fair share of controversy after scathing reports started appearing online claiming that it is just a chain recruitment scheme. mixed with pay to play programs and quite frankly not worth it ”educational” materials for the aspiring online marketer.

They just mixed with pay to play programs and quite frankly not worth it ”educational” materials for the aspiring online marketer.

Speed Feeder is set up to benefit founder Clay Montgomery first and to the greatest extent.

He receives one of the preloaded positions under the affiliate accounts when a person goes to join his program.

Afterward, those who were the first to invest in the program get left with the scraps.

This is unfortunate for the newest members of Speed Feeder who may have to wait for quite some time before they receive even an inkling of their initial investment returned to them.

This matrix has different tiers, and a person’s income will depend on which tier they decide to join.

If a lower tier is joined and a smaller investment is made, then the $1,950 from $100 will be impossible, making the previous statement misleading.

This return on investment will only take place if the highest tier is availed.

Completion of the first stage of this matrix will result in a transfer to the second stage of the matrix.

However, reports suggest that at this stage, no commission will be paid out.

Speed Feeder holds competitions for their members to get as many referrals as possible in a set amount of time.

These competitions supposedly pay out thousands of dollars in prize money.

In reality, these contests are not conducted for the benefit of the members, if anything, these are done to make increased amounts of money to keep up with the payments for members.

There is a leaderboard present on the contests page on the Speed Feeder website.

A couple of names on this list are actually URLs for websites.

Upon searching for them online, it is revealed that they are URLs for other Get Rich Quick schemes, possibly owned by the same people behind Speed Feeder or people affiliated to Speed Feeder giving the latter’s founder a cut of the income in exchange for promotion.

In other words, the results in this leaderboard are most probably doctored, and a large number of referrals featured are used just to make people believe that there is an actual possibility to make that much amount, which convinces them to join and put up capital.

Suspicious Terms and Conditions

The terms and conditions for Speed Feeder are also suspicious.

First off, they have a no refund policy, which prevents members from getting their money back if the previously mentioned programs and tutorials indeed do not work.

They also state that signing on to the service is done at the member’s own risk and that Speed Feeder will not be held accountable for any losses that may occur.

If there is a possibility to lose money from Speed Feeder, then this is highly contradictory to their claims that make it seem as though making $1,950 is sure to happen once a member puts their $100 into the program.

Conclusion

The main takeaway from this review is not to join Speed Feeder.

It is nothing more than a pyramid scam and there are definitely better, more legitimate, and even easier ways to make money online.

While these methods cannot promise the same amount of income that the Speed Feeder program claims it can provide its members, the amount they deserve in relation to the work that they put out.

Recommendation

This is a site that has to be avoided as it has no clear business model.

The owner has previous online ventures which are also far from desirable.

I suggest you try a service like Wealthy Affiliate where its main objective is to educate people how to setup and run an online business properly.

Feel free to post comments, ask questions or subscribe to my email list to be the first to get the updates and offers.

You can also visit me so I can answer your questions directly at Wealthy Affiliate.com as it is where I hang out most of the time with my buddies ( link to my profile page )

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Hello Everyone,
I am Den and I am the owner of this Website. I finally quit my job in Aviation to do my online business full-time.

I love doing this online business as I love to help people quit their day jobs to do the things they really love. You will mostly find me hanging out at the coolest site to learn online business.

Visit me so I can answer your questions directly ( link to my profile page )