Mike Filsaime’s 7 Figure Secrets Reviewed
Edition #169
Today Mike Filsaime is launching a website and special report called The 7 Figure Secrets.
Admittedly, this is going to be a heavily promoted and highly hyped product launch. However, I have some very strong reasons why I decided to make this the only product launch I’m endorsing this month.
Back in February of 2007, Mike held a “secret” Private Workshop near his office in Long Island, New York. Over 100 people paid $5000.00 each to attend the workshop.
I was invited as a special guest, and I attended the entire thing. Unlike most seminars, I was not out in the lobby networking. I was sitting in each and every session scribbling notes like crazy.
The value of the content provided at that workshop was phenomenal, and many of the attendees have already reached 7-figure incomes as a result of what they learned.
Mike then took the DVD’s of that workshop (which now sell for $1297) and sold over $1.2 Million of them in 7 days.
The success stories that followed have changed the face of Internet Marketing.
However, the workshop and the DVD set were both pretty expensive, and I know that there are thousands of people who would have loved to have gotten their hands on this information but just couldn’t afford it.
Here’s where it gets exciting…
Recently, Mike hired a “top gun” Internet Marketing copywriter who was at the workshop (No, it’s not me… but I am friends with this copywriter, and he is top-notch).
Mike paid him $25,000.00 (no exaggeration) to watch all 16 DVD’s of The 7 Figure Code and condense it into a written masterpiece…
THE RESULT…
An 85-page report, no fluff, with all of the gold nuggets, pearls of wisdom, and action
plans for you to absorb in about 1 hour of reading.
In other words… this report contains the SAME information received by the people who paid $5000 for the workshop, or $1297 for the DVD’s.
And instead of sitting through 3 days of live workshops or DVD’s to get all the information, you’ll get the most valuable parts of it all in one sitting.
Mike printed 3000 copies of this report, and was planning on selling them for $297 each, in another 7-day sale (like he did with the DVD’s). They are already printed, spiral bound, and sitting at the warehouse ready to ship.
But then Mike learned about the trend of moving the “free line”, and decided to rethink his strategy.
He decided to give the 3000 copies away for free, to provide as much value as he can up front, and he will monetize it on the back-end in other ways.
He is giving them away on a first-come first served basis (you pay only $7.95 shipping and handling), and I expect that they will be gone in a day or two.
OK, so now I need to tell you WHY I think this is worth your time to get a copy for yourself.
After all, there is so much free stuff being given away these days, the fact that something is free is no longer a reason in itself for me to promote something.
There are two main reasons why I think you should grab this if you’re an internet marketer (or aspiring to become one)…
1) The report covers a business model that is DIFFERENT from what I will be teaching.
2) It includes a free copy of the Butterfly Marketing Manuscript.
The first point may surprise you. After all, Mike and I are both Internet Marketers and we do things similarly, right?
Actually we do things very differently. Mike has a large office, 37 people working for him, and aspires to grow a $100 Million company. I work from home, have 1 part-time contractor helping me, and aspire to soon “retire” from this business with enough savings and continued income to do the things I really want to do.
Mike’s business model is really more of a traditional entrepreneurial business-building model. If you’ve read books like the E-Myth by Michael Gerber, this is the way to do it.
It’s about leveraging other people to build your business, and its the way that most successful companies are built.
I’ll take it a step further…
If you aspire to build a 7-figure ($1 Million+ per year) business, your odds are more favorable following Mike’s business model than mine. I will be teaching primarily a “work from home” method, in which most people can reasonably expect to build a 6-figure business.
On the other hand, there are many similarities between my business and Mike’s. I learned a great amount of helpful information from the 7-Figure Workshop, and integrated many of the concepts into my business.
For example, I rely heavily on outsourcing various tasks (what Mike calls outtasking), and I sell products in the same way as Mike.
The bottom line is that I think it would be good for you to add The 7 Figure Secrets to your personal knowledge base, regardless of which route you plan on taking. You may find that you do want to grow a large company. On the other hand, it will also give you a more well-rounded understanding of the business if you do choose to follow my “work from home” model.
Lastly, it does come with a free copy of the Butterfly Marketing Manuscript. If you’ve been around this business for a couple years, you probably already own a copy of it, but if not… this alone makes it well worth it.
You could buy the Butterfly Marketing Manuscript here for $97, but why do that when you can get it for free?
The Butterfly method is responsible for putting thousands of subscribers on my lists, and adding hundreds of thousands of dollars to my income over the past few years. I WILL be talking about these techniques in my training over the next couple months, so I recommend reading the Butterfly Marketing Manuscript if you haven’t already read it.
One final note…
One of the ways that Mike is monetizing this big giveaway is by putting subscribers into his new monthly paid newsletter.
At the time I am writing this, the order page is not up yet so I don’t know whether it will be a mandatory part of getting the free report. But if it is… don’t worry. Mike has assured me that it will be very easy to opt out of the program at any time, and he has even set up a seperate phone number dedicated to taking unsubscribe requests at any time.
Click Here to Go to the 7 Figure Secrets…
Next Tuesday (June 10th) I am planning on starting my new teaching series.
As always, you are welcome to leave your comments here on the blog.
Have a great day!
Thanks for the info Eric. I just opted in to get Mike’s 7 Figure Code secrets for free. Greate info!
On top of it all, it was a great lesson on one-time-offfers, upsells and downsells. You guys have this IM stuff down pat.
Good luck on your new path…
Fermin
http://ferminsuero.com
Hi Eric,
I am ready on 10th June to be part of your course.
Regards
Michaela
You wrote “Back in February of 2007, Mike held a “secret” Private Workshop near his office in Long Island, New York.” and you indicated that
the report is based on that Seminar.
That is directly contradicted by Mike in the video in which he said that in February of 2000, he held an event called “Seven Figures in 2000″ which had as its goal teaching people to make 7 figures in the year 2000. This would seem to be a totally separate event from the 7 Figure Code, a product that became available in 2007.
I was surprised by all of this, since to the best of my knowledge, Mike was not selling any high-ticket items back in 2000, much less a $5000 seminar. When he launched Butterfly Marketing in January 2005, I believe that it was his most expense product up until then.
Richard- I’ll have to re-watch the video, but if Mike said “2000″ then he simply said the wrong year (or maybe it just sounded like it). The event was in Feb 2007.
UPDATE- you’re right Richard… I just watched the video again and Mike did say 2000. A simple mistake
Thanks for clarifying. I’m very glad to hear that he mis-spoke and that he was indeed referring to the 2007 event because so much has changed in the world of online marketing since 2007 that much of what was taught in 2000 no longer works and so many things that are important now, such as the use of video weren’t being talked about in 2000.
Upsells, downsells, sidesells to other upsells and three other downsells….honestly, I was getting so confused I almost missed the real “download here” buttons. I can tell you each of those diversions made me angrier and left me feeling a little more cheated than the last. By the time I finally did download the Butterfly Manuscript (knowing full well that it’s two years old and probably every bit of value has been stomped out of it), I felt like one of Barnum’s suckers. And you call this free?
I’ve been away from the web for 6 months on an assignment. Honestly, Eric, if this is how slimy its all gotten, I can really understand why you want out.
Hi Mike
Can you give a guy that is a total newbie a little advice I think you were involved with Joel Comm when he was promoting Instant Resale Templates. The question I have is I thought a guy could start a business with this product am I wrong and if I can how? I have nothing but respect for you Mike and I can not wait until your classes start
Thanks Chuck
Hi Eric
I’m learning a lot from you, thanks a stack,I live in South Africa and my country does not appear on the order page, I’d like to get Mike’s report, please advice…
Keep well and blissful regards
Mike’s product may in fact be something good, I don’t know but what I do know is that it’s not “free”. You have to sign up for a $29.95 per month magazine which you can opt out of after you sign up. You cannot uncheck the box that appears on the buy page and ultimately I personally believe that is deceptive.
good work
Will this course you are teaching on the 10th/ be by E-mail, a movie or how? Please let me know.
I enjoy reading your articles, very much.
Thanh you
Jeanette
Eric;
Sounded great and what a great offer.
I tried a couple of times to order with no luck as my email addresses were not accepted for some reason.
Don’t know why that was,but I just have to miss out on this opportunity.
Whew! Eric, I just went through all the upsells. What a process! To tell you the truth, I got pretty frustrated. All I wanted was the free product, as offered originally, and felt manipulated by all the other come-ons. I will NOT be this overt in my business. Is is true that Mike started as a car salesman? I can believe it. I like your style, though. Sorry to see you leaving the business.
i ordered Mikes stuff but he recommended to go to tellman Knudson’s site for list building and he had a site to click on but when you clicked on it; it went to no where??? do you know what happened and why?? steve
I am sorry but I have seriously decided that Mike Filsaime is crap.
I will never trust anyone that tries to give something away for free and then in the fine print it is a membership deal.
Seriously where have ethics gone to? Ethics command trust. If he wants to have a membership site then he should be honest enough to say it up front.
Yes it is a trick and yes it is unethical.
I have been caught twice by this. As soon as it happens I organize a refund and I immediately unsubscribe from their list. They are no longer worth listening to.
We are only individuals and if we don’t trust someone then we should automatically unsubscribe from them. It is the ‘Power of one’!
Sorry but not interested in ‘Murky Mike’. The waters are way too Murky.
Hi Eric,
First time visit to your Blog. Thank you for the review, as well as others for their honest comments. I did appreciate the opp. to get the products via an email from Mike, & am looking forward to going through the material.
The Newsletter process is something I’ve found fairly common, albeit often in the form of ‘free trials’, etc. I’ve saved the un-subscribe info. The upsells/downsells, I found myself enjoying just learning how he did it, although personally I doubt I would choose to do it myself.
Thanks again Eric and all. I’ll be checking back to learn more about the teaching series you are doing.
Mike Filsaime’s The 7 Figure Secrets is indeed an ultimate guide to making money online.
Haa–People actually going for this..What can I say? Thats how the market is.
May be I should also come up with a plan for making 5 figure income rather than 7 figure. I m being more practical.
I bet anyone of you here gets that package and make 7 figure.
And its free–yeah right–You will pay more than $30 per month–If you don’t believe me then just go to that site and sign up and you will see what I m talking about.
Anyways–Good Luck.
Wait a minute … Did I sign up for the $29.95 a month magazine? I thought it was a free copy of it.
What is with charging $10 for the pdf version. Isn’t that what the web is all about (electronic documents make things cheaper for everyone)?
That was one of the most frustrating “free” purchases I have ever made.
It is almost like one of those “get an ipod free” offers where you just have to sign up for 3 offers on each of the 3 pages of promotions.
I think someone above labeled it right with … “Murky Mike”. Eric and Mike are at complete opposite ends of the Internet Marketing selling spectrum.
I gotta agree with the negative posts here. I’m a relative newbie on the IM scene. Trying to wade through the various links, upsells, $10 for a pdf (LOL), and permanent check box for the $29.95/month newsletter was ridiculous!!!
And I’ve made it a habit to take notes, print off the sales letters, offer pages, etc for my records. I’m still not sure what I signed up for in order to get the “S&H-only 7-figure secrets” report and the “free butterfly marketing” pdf.
I’ll be un-subscribing from the monthly newsletter and monitoring my credit card statement like a hawk until I’m positive it’s not being drained on a monthly basis. “Murky Mike” really sums it up!!
I felt like I was in that scene from the movie “Fargo” at the auto dealership, where the couple comes in to pick up their new car.
“Got yer car ready for ya…and you’re gonna love that Truecoat!”
“But I didn’t want the Truecoat…I told you a hundred times!”
“OK, I’ll talk to my manager”
“Friggin’ car salesmen…they’re all the same”
“Well, I was able to knock $100 off that Truecoat.”
“Oh heck, just give me my checkbook and we’ll take the car…%#$@%!!^%!!”
see i told you mark…
How do you think he makes that 7 figure income?
He is just a predator, and you are the prey. Didn’t your mama tell you, nothing in life is free? I’m somewhat surprised at you Eric for promoting this
Yeah! Dear Eric,
How are you I am Mr, Sanze Abdallah I was away fro Zimbabwe but mind you as said I am Tanzanian and now I am in Tanzania, my qustion is will you gonna help me if I want to start a busness of Enternet cafee here in Tanzania? like jointventure as your branch overhere? that is my asking from you if you can think about it I will be very happy man. Please!
I have to say I found the tiresome upsells et al really annoying. I’d have preferred it if it had really been free then he contacted me later about further sales. But the worse was that horrible forced sign-up to his news letter. Disappointing and irritating experience.
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Hi eric,
Another good review. I think you made it clear that this freebie does have “strings attached” as most any freebie does.
I agree with the other posts, Mike goes OverBoard with his Upsells, Side sells, etc.
Apparently it works, although not with me. A smart consumer knows that a “free” product is really an opportunity for the “giver” to sell you something. And we expected that with this offer too, but WOW No means No already.
One can benifit from the plethora of internet freebies designed to get you on monthly subscription or upsell you. When you decide, “ok I want to give this Marketers material a chance”, stop and remind yourself that is what you are doing. Pay close attention to the details of what its really all about. In the case of this offer, if you don’t cancel you will automatically be subscribed to a monthly marketing magazine. I think the cost is too high, so I don’t want it. So I wrote on my calendar (with an alarm set) to cancel the membership by July X.
You have full control over recurring fees! You can cancel recurring fees at any time through your credit card and through Pay Pal. Mike also states that you can cancel through his website. This guy knows what he is doing, he has provided a lot of value to the Internet Marketing world. He makes enough money to not have any need to rip anyone off. So if he says you can cancel, you can. While his marketing approach is quite aggressive, his material/products are in fact high quality.
Thanks Eric,
Jeromy
Relax Everyone,
Read your comments, you guys and gals are using internet marketing vocabulary that you probably didn’t have over a year ago. Upsell? Downsell? Sidesell? Wow!
Mike is not a bad guy. I don’t think any of the gurus are bad either. Maybe I am a fool, but I think they are really trying to help you.
I have bought in the last 3 months over $10,000 worth of their goods and they all have value in it. Granted, I am not making any money yet, but that’s o.k., I know with patience and perseverance I will get my first visitor within one year, and I will get my $1 in sales in one year. Simple goals, simple focus.
But in the mean time, enjoy your education. Because that is what it is, you are all getting smarter by buying and reading this IM stuff.
The popular thing these days with the Gurus is selling their “Continuity Program”.
Learn from them, you can always cancel. Is that really deceptive. What is deceptive is when you are charged without knowing it.
By the way, Murky Mike had a page connected to the uncheckable “checkbox”, that page explained why you couldn’t uncheck it and it gave a phone# +1 (631) 615-4597 for you to call, so you can cancel the newsletter.
If you are like me, I hate calling people on the phone. But, if I thought like Murky Mike, I would not have a live operator waiting to ask me questions why I wanted to cancel my subscription, I would probably have an automated system to take your ID to unsubscribe to the newsletter.
Take the plunge, and do what Eric stated on his Video#3 and just Learn, be a student of this game call Internet Marketing. Stay excited.
Peace and Love to you all
Thanks Eric and thank you commentors
Rick - sorry for making this tooooo long