Summary: 2009 introduces us to a new StomperNet product, Formula 5, aimed at doubling your business in 15 weeks. Is this program for you? See our in-depth video reviews.
And I think it is a totally fair question, too. This is NOT your type online product that we have seen and because of it, there is a lot of confusion over what it will do for you.
Now there are plenty of pages of success stories and testimonials over the product (I totally believe them, too, particularly since I know a couple of them).
But IS THIS RIGHT FOR YOU?
I have spent a fair bit of time going to documentation and videos lately (but like I said in my last review, I forgo'ed the option of participating in the trial which included mastermind groups, webinars, coaching and support...a big part of this...).
After going over the material I came to two conclusions about who Formula 5 will work best for:
1) People who already have existing websites and are making some money (no matter how minimal) online.
This program is NOT about creating websites or optimizing pages for organic search engine traffic or mastering PPC. This is about getting the most out of your business. Here are some points:
- If you sell products, how to price them to make the most profit - Using upsells and follow-ups to increase potential customer worth - How to find more customers, other than the conventional methods - Methods of getting your customers to buy (and buy more) - General time and business management
2) People who want to understand more about business, in general.
This is what I really loved about Formula 5 (and is a major reason why it has been so successful for me). Personally, I entered online marketing about 3 years ago with NO education or experience in business (I was a circuit designer living in a cubicle).
My biggest struggle has always been growing/managing my business and marketing. Formula 5 has kind of been my own Business Degree and has caused me to change a lot of the structure of my own businesses.
Who is Formula 5 for?
If you don't have any formal education in business and marketing and you are currently trying or want to "create a business" online, this is a pretty go way to go.
This is not about earning a few extra bucks nor is it a new simple strategy to makes buckets of money quick.
This is education.
Enough of my babble.
During the pre-launch, they are offering a lot of great free videos, which you should start watching NOW:
I find myself kicking myself that I did not take part in the trial of this program. As a reviewer, I sometimes get "press" versions of upcoming programs and StomperNet's Formula 5 is no exception.
It first came in this "box" with module 1 already included.
The box is very cool (though, like I complain about in the video, kind of impractical when it came to actually trying to read the material within it!).
Let me step back a second and explain what and how this works...
Formula 5 is a business development program. It is aimed at those who are already making SOME money online (this can be almost any level, though...even a few bucks here and there). Formula5 is NOT for newbies looking for methods of HOW to make money online, rather, it is a system to teach you how to make MORE money.
The process was created by "super-consultant" Paul Lemberg, who used and developed these techniques to increase his client's businesses by more than $300 MILLION in his career.
The beauty in these Formula5 techniques is that it is scalable to almost any size of business (from a couple hundred dollars per month to hundreds of millions of dollars per year).
The concept: Breaking your business down into 5 sections (or Formulas!):
Margin Magnifier
Sales Stackers
Lead Landslide
Conversion Control
Turbo Thruster
(Well, these are the names they are given within the Formula 5 system.)
The key is to increase each one of these five components by 15%. The result? Simple: Double your business.
This is how Formula 5 works. The system is set up over 15 weeks. Every three weeks you receive a different "section" in the mail. This also includes Videos as well as documentation.
Now I am not 100% if they are doing this (they did it in the trial), but they also formed mastermind groups, conference calls and webinars for each of these modules, too.
I'm not going to go into the details of each section (yet...As I receive each section, I will post a video summary of each below). But understand that each section of Formula 5 includes tackling each of these concepts, understanding them, and ways to apply them specifically to your online business.
This is not wishy-washy stuff (at least, from what I have seen so far). They provide detailed worksheets to walk you through the steps.
But I am going to stop here with the initial "review" of the product. Below, I plan to provide a overview of each section, what it is, and how it is going to AT LEAST double your business.
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