Anyone tried "The Profit Platform - Mike Filsame?"

by mmixon 60 replies
Just wondered if anyone has purchased the latest and greatest product from Mike Filsame called The Profit Platform. Is it just another $2,000 guru product? Here is the link, and no, it is not my an affiliate link, it is from Filsames email:
The Franchise Model Secret By Mike Filsaime

Compelling webinar, but I just can't afford to toss out another 2 grand hoping that it will work, only to find out 2 or 3 months later that I have wasted my time.

Any thoughts?
#internet marketing product reviews & ratings
  • Profile picture of the author Mohammad Afaq
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  • Profile picture of the author drmurray
    I just listened to the webinar. Very well done. It appeals to a guy like me just starting out: the total package. I'm not going to pull the trigger however. I would also like to hear if anyone is biting on this.
    • Profile picture of the author JohnA
      In a similar position, only already have pulled the trigger for Tristan Bull coaching..
      BTW- what kinda doc are you..?
      i am DMD
      please elt em know how this works for you--- any way to get direct contact..?

      THNX!
      JohnA
      DrJ
  • Profile picture of the author cybernet
    i'd like to hear from people who bought this product.
    • Profile picture of the author satriavid
      Hi Everyone,

      I actually bought the 5-sites license which cost me like $389 x 6 installments. Quite a steep price for a newbie like myself.

      I got to choose any from 40 products available and I'm able to see and try every product I'm going to sell.

      These products are supposed to be delivered to customer as "free", well, not totally free because the catch is: they have to pay for shipping and handling . I was directed to contact Disk.com, on which I have to pay some price and Disk.com will produce and ship to customer address automatically. Minimum starting stocks is 25 CDs @$1.25 and I have to pay initial setup fee $30 so the total is $61.25.

      Once the customer agree to get the "free" products then this Profit Platform starts getting customer data (email, etc). Then the game starts: customer will be asked whether he/she want to get MDC Monthly Newsletter (Mike's newsletter), and being offered of other Mike's products (upsell and cross sell).

      And the supposedly pretty part is we get profit sharing for every sales. I said "supposedly" because I haven't made a dime with this program, I've joined for about 2 weeks now but I admit I was mostly occupied with other things for the last 10 days :p.

      O yea, so far the customer support has been responsive and helpful. And so far the system delivers what Mike's said, except the "money maker" part .

      I'll put extra work into this and will tell you how's this going. I hope by then I'll be earning some money.

      My test site is: www.tacticalmarketingrecipe.com

      That's IMHO. I hope you guys can give me some feedback too, whether this will actually work according to your experience, while I'm still entitled for 30 days money back guarantee .
  • Profile picture of the author sbeard
    I just saw Mikes Promo for this yesterday, I purchased, and now I'm asking for a refund -here's my complaint:

    In the course of picking a product, I downloaded and played the CD contents of six out of the 45 product packages. The content was lightweight but the voiceovers were really bad. Definately not done by a professional voice talent. For example, one opened with several heavy breaths before any words were spoken and then the heavy breathing continued thru out the rest of the segment, another had significant volume variations from section to section, in yet another, the speaker started out by explaining that in the demo he would be using an Adobe product that Adobe quit making in 2005 and that the viewer might be able to find a copy on line.

    I had expected to drive traffic to the free CD offers, for building my list, and of course, to enjoy some of the backend income as well, but from a marketing and branding point of view, I wouldn't feel comfortable putting my name on any of the products I reviewed.

    So, I've asked for a refund.
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    • Profile picture of the author MikeAmbrosio
      Originally Posted by sbeard View Post

      I just saw Mikes Promo for this yesterday, I purchased, and now I'm asking for a refund -here's my complaint:

      In the course of picking a product, I downloaded and played the CD contents of six out of the 45 product packages. The content was lightweight but the voiceovers were really bad. Definately not done by a professional voice talent. For example, one opened with several heavy breaths before any words were spoken and then the heavy breathing continued thru out the rest of the segment, another had significant volume variations from section to section, in yet another, the speaker started out by explaining that in the demo he would be using an Adobe product that Adobe quit making in 2005 and that the viewer might be able to find a copy on line.

      I had expected to drive traffic to the free CD offers, for building my list, and of course, to enjoy some of the backend income as well, but from a marketing and branding point of view, I wouldn't feel comfortable putting my name on any of the products I reviewed.

      So, I've asked for a refund.

      Hi Steve,

      This is extremely helpful feedback, thank you!

      I had planned on talking to Mike about adding some newer products as well. The idea for this project is to add more product options as we move forward. From where we sit, 45 is the beginning. I believe seeing your reason for refunding will help speed up that process

      Mike
    • Profile picture of the author gforces
      Originally Posted by sbeard View Post

      I just saw Mikes Promo for this yesterday, I purchased, and now I'm asking for a refund -here's my complaint:

      In the course of picking a product, I downloaded and played the CD contents of six out of the 45 product packages. The content was lightweight but the voiceovers were really bad. Definately not done by a professional voice talent. For example, one opened with several heavy breaths before any words were spoken and then the heavy breathing continued thru out the rest of the segment, another had significant volume variations from section to section, in yet another, the speaker started out by explaining that in the demo he would be using an Adobe product that Adobe quit making in 2005 and that the viewer might be able to find a copy on line.

      I had expected to drive traffic to the free CD offers, for building my list, and of course, to enjoy some of the backend income as well, but from a marketing and branding point of view, I wouldn't feel comfortable putting my name on any of the products I reviewed.

      So, I've asked for a refund.
      Same here... asked for a refund but they are taking their time about it.
  • Profile picture of the author Michael Gentry
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    • Profile picture of the author MikeAmbrosio
      Originally Posted by Michael Gentry View Post

      This is bad. I purchased this. You are indeed paying $1997 to be an affiliate for Mike F. and even worse the payouts are bad. First off if you charge 9.95 for shipping which I think is too much $1.25 for each cd, $30 setup fee, $4.95 shipping to US, Canada, $7.95 oversees and $4.37 for each "complementary" newsletter. So your basically losing money right off the bat. If someone orders the digital version of newsletter only at $19.95 you keep only $5 (a little over 20%) Free affiliates make more then that. You keep about $23.00 of the $29.95 if someone orders the print version but remember you have too pay for there free newsletter at $4.37. There is sure too be a lot of cancellations. As for the upsells there are 2. The PLR package sells for $97. I sold similar PLR packages for $17 and had to stop because of bad conversions. So this PLR version wont sell. The other upsell is old. Didn't even acknowledge purchase of the cd. As for the call center I don't know. There is no way to monitor this. The 45 sites are good affiliate tools but I don't see how you are not paying to be a low paid affiliate.

      Michael,

      Your assessment is not completely correct.

      First, you are not losing money right off the bat if your initial S&H price is set to around $10.00. For one thing, you are not charged $4.95 and then another $4.37 to ship the newsletter. On the FIRST order, you are charged $4.95 to send the customer both the CD and the complimentary newsletter. The $4.37 is what you are charged to send FURTHER newsletters. Your customer pays $5.95 shipping for the FURTHER newsletters (along with the $29.95). You also pay $2.50 to PRODUCE the newsletter and a $7.00 License fee. SO, add that all up:

      $4.37 + 2.50 + 7.00 = $13.87 (remember - this is for the recurring newsletter - NOT the first order).

      Your customer pays $29.95 per month plus $5.95 S&H = $35.90

      Subtract $13.87 from the $35.90 leaves you with $22.03 profit per customer per month.

      The digital version - you don't MAKE $5.00. You pay a License Fee of $5.00 and you KEEP $14.95 per customer per month. So no... free affiliates DON'T make more

      The $97 upsell - you can set that wherever you want. Sell it for $17.00. You have that flexibility (and Mike does NOT take any percentage for this).

      The second set of upsells - old is relative. The info and what is offered is still a very good value. And you keep 100% of the $497 upsell or $197 downsell (Mike does NOT take any percentage for this).

      The third Upsell is an integration with Upsell Network, so you split commissions with the product owner.

      And of course, you can add your very own upsell (Mike does NOT take any percentage for this).

      As I stated earlier in the thread - the only part of this system where you are an affiliate is the Call Center. And you STILL can make a lot of money without having to do anything.

      So let's review:

      If you set your initial S&H price to, say, $10.00 and someone in the US purchases, you will profit: $3.80 ($4.95 + $1.25 - $10.00) If someone overseas purchases, you STILL profit $0.80.

      But let's understand what this is. That first offer for the CD is what's called a "Loss Leader". You really aren't (and shouldn't) try to make your profit here. The profit comes with:

      - Upsells
      - Downsells
      - Recurring Newsletter
      - Call Center

      Michael - you are certainly entitled to give your review (that's what this section is for). But please make the review accurate

      Thanks,
      Mike
  • Profile picture of the author GarrieWilson
    One thing people seem to be missing and it's a biggie and worth it's weight in gold...

    Mike get's the names, addresses, phone numbers and emails of YOUR paying clients.

    Has Mike agreed to never contact? Has Mike agreed to always give you *atleast* 50% of every dime he will make from them?

    Mike is sharp.

    He is getting people two pay him 2k + percents to be a whole seller and give them their buyers.

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    • Profile picture of the author MikeAmbrosio
      Originally Posted by GarrieWilson View Post

      One thing people seem to be missing and it's a biggie and worth it's weight in gold...

      Mike get's the names, addresses, phone numbers and emails of YOUR paying clients.

      Has Mike agreed to never contact? Has Mike agreed to always give you *atleast* 50% of every dime he will make from them?

      Mike is sharp.

      He is getting people two pay him 2k + percents to be a whole seller and give them their buyers.

      -
      Garrie,

      To answer your questions, which have been addressed in multiple threads, the collection of names, addresses, etc. are 100% voluntary. The PNP clients need to activate this feature, sign and fax an agreement and w-9. If this is not done, Mike gets NO information. All of the customer information belongs to the PNP clients.

      Mike does NOT email or mail or call ANY customer unless the agreement is signed and this option is activated.

      Mike pays a percentage of every sale made to these customers. All sales are tracked to the PNP client.

      It would be better that if you want to state your "facts" of Mike or this program that you would actually participate in the program. You can not make statements you don't have first hand knowledge of.

      Mike does NOT keep customer information unless agreed to by the PNP clients.

      Is that clear enough for everyone?

      Thanks,
      Mike
  • Profile picture of the author SageSound
    Originally Posted by mmixon View Post

    Just wondered if anyone has purchased the latest and greatest product from Mike Filsame called The Profit Platform. Is it just another $2,000 guru product?
    . . .
    Any thoughts?
    Yes, it's "just another $2000 guru product". And 97% of the buyers won't get any value from it at all. That's just how people are.

    When are people going to learn that, all hype aside, NONE of these programs are like freeze-dried money! Just add water, stir, and viola! You've got $1000 in fresh Franklins in your account!

    Just because people have purchased a package doesn't mean squat, except that the vendor has made some instant cash.

    The proof is in the pudding, which will take a month or two before anybody really knows.

    I have a friend who bought it, and he's complaining about some hidden costs and having to jump through hoops that aren't discussed in the presentation.

    The way it's structured, if everybody who bought into it sets up only one site, sends out just a tiny handful of free CDs, and then requests a refund, Mike will STILL make a HUGE PROFIT!

    This system is creating multiple recurring revenue streams for Mike, and getting HIM and HIS PRODUCTS a TON of FREE publicity. And people are paying HIM for the privilege of promoting HIS STUFF.

    Hopefully you'll make a little something in the process.

    The guy is BRILLIANT!
    • Profile picture of the author MikeAmbrosio
      Originally Posted by SageSound View Post

      Yes, it's "just another $2000 guru product". And 97% of the buyers won't get any value from it at all. That's just how people are.

      When are people going to learn that, all hype aside, NONE of these programs are like freeze-dried money! Just add water, stir, and viola! You've got $1000 in fresh Franklins in your account!

      Just because people have purchased a package doesn't mean squat, except that the vendor has made some instant cash.

      The proof is in the pudding, which will take a month or two before anybody really knows.

      I have a friend who bought it, and he's complaining about some hidden costs and having to jump through hoops that aren't discussed in the presentation.

      The way it's structured, if everybody who bought into it sets up only one site, sends out just a tiny handful of free CDs, and then requests a refund, Mike will STILL make a HUGE PROFIT!

      This system is creating multiple recurring revenue streams for Mike, and getting HIM and HIS PRODUCTS a TON of FREE publicity. And people are paying HIM for the privilege of promoting HIS STUFF.

      Hopefully you'll make a little something in the process.

      The guy is BRILLIANT!
      Actually, it creates just ONE recurring revenue stream for Mike. The $7.00 per newsletter that is sold. The license fee. As stated several times, Mike no longer takes ANY PART of ANY of the upsells.

      The call center is independent of PNP and must be activated to participate. Mike makes money from this too, but it's hardly a recurring revenue stream

      Hope this clears things a bit.

      Mike
  • Profile picture of the author GarrieWilson
    Mike,

    To answer your questions, which have been addressed in multiple threads,
    People are suppose to go around to muliple threads to get the details? I think not. I would have read a sales letter but...

    Mike does NOT keep customer information unless agreed to by the PNP clients.
    Even if someone takes the magazine upsell? Or do you not consider that as getting details?

    It would be better that if you want to state your "facts" of Mike or this program that you would actually participate in the program. You can not make statements you don't have first hand knowledge of.
    Tish Tosh. I did state facts.

    Mike DOES get the details. If they are in his system, he get's them. He just doesn't use them without permission. Which is what I asked. A question mark means just that... a question.

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    • Profile picture of the author MikeAmbrosio
      Ah, Garrie,

      You're threading needles.

      I have read responses from you in the past admonishing people for not reading related threads or searching for answers before posting. Can't have it both ways.

      Of course addresses are needed to mail CDs and newsletters. I believe anyone can figure that out by the simple fact that there is a physical product being mailed. The leads do not get sent to the call center and are not used for any other purpose unless (as described above).

      There's a difference between receiving details so a product can be mailed and to market to. PNP does not market to them unless agreed upon by a 2 or 3 step process. It can't be "accidental". Mike made sure of that, in fact.

      Your questions come across to make people believe that they are giving away all their leads to Mike to do with what he pleases. I have been around this forum too long and have read enough of your posts to see where you just MAY be coming from If I am wrong, I apologize.

      And... what does "tish tosh" mean?

      Mike

      Originally Posted by GarrieWilson View Post

      Mike,

      People are suppose to go around to muliple threads to get the details? I think not. I would have read a sales letter but...

      Even if someone takes the magazine upsell? Or do you not consider that as getting details?

      Tish Tosh. I did state facts.

      Mike DOES get the details. If they are in his system, he get's them. He just doesn't use them without permission. Which is what I asked. A question mark means just that... a question.

      -g
  • Profile picture of the author mmixon
    I too looked at the product a couple of months ago, but was turned off by 4 things:
    1. the price was too high
    2. too much of the control and the success of the system was in the hands of someone else. If I was going to pay 2 grand for a product, I would want full control - not depending on anyone else for my success.
    3. didn't like the fact that my customer names, email addresses, etc, went to someone else for harvesting, if they wanted to.
    4. Was hosting with Mike also? I can't remember, but if that was the case, one more reason. The info would not be my own.

    Overall, I just wasn't comfortable with the process. It looked like it would work, but there was just something that didn't sit well with me.

    I am not throwing out accusations at Mike Filsame, so don't get me wrong. This is, I think, a product that was developed by someone else for Mike Filsame, and he endorsed and promotes it. It has far too many bugs and problems to be considered a polished product like Mike usually puts out.

    But nevertheless, it is just another example of a product that was put out by a "guru" that makes money for them, but not much money for anyone else. It will sell because it has his name on it, but based on the comments in this thread anyway, it either is not working or not working well. And I am sure this is not what Mike would have wanted, because no one wants to have their name tied to a bad product, but that looks like what has happened.
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    • Profile picture of the author MikeAmbrosio
      Just to clear up a couple of things real quick.

      1. Price is relative, so there's nothing for me to say there

      2. There are many tools that you yourself probably use that are not in your full control - such as an autoresponder service, Clickbank, Paypal, Infusionsoft...quite a few things actually. This is simply another tool. You have more control then you think.

      3. Well, we can say the same for: Autoresponder services, Clickbank, Paypal, Infusionsoft, etc. - no? For Mike to simply "harvest" YOUR customer info would be the kiss of death for him in this business. He's too smart for that, but you have to be comfortable...

      4. What difference does it make where it's hosted? You still get CPanel access, just like a regular host.

      This was not developed by someone else that Mike is promoting. I have stated on several responses that I myself have been involved with the development and work with the programming team daily on this. Just clarifying that for you and so others don't get the wrong information...

      Also as I have stated - there are no more "problems" with this system then one might find in any complex system - including: Autoresponder services, Clickbank, Paypal Infusionsoft, etc. Show me a system that is 100% bugless and I will show you something that is only on paper and not developed yet

      In any event, at the end of the day if it's not for you, then it's not for you.

      Mike

      Originally Posted by mmixon View Post

      I too looked at the product a couple of months ago, but was turned off by 4 things:
      1. the price was too high
      2. too much of the control and the success of the system was in the hands of someone else. If I was going to pay 2 grand for a product, I would want full control - not depending on anyone else for my success.
      3. didn't like the fact that my customer names, email addresses, etc, went to someone else for harvesting, if they wanted to.
      4. Was hosting with Mike also? I can't remember, but if that was the case, one more reason. The info would not be my own.

      Overall, I just wasn't comfortable with the process. It looked like it would work, but there was just something that didn't sit well with me.

      I am not throwing out accusations at Mike Filsame, so don't get me wrong. This is, I think, a product that was developed by someone else for Mike Filsame, and he endorsed and promotes it. It has far too many bugs and problems to be considered a polished product like Mike usually puts out.

      But nevertheless, it is just another example of a product that was put out by a "guru" that makes money for them, but not much money for anyone else. It will sell because it has his name on it, but based on the comments in this thread anyway, it either is not working or not working well. And I am sure this is not what Mike would have wanted, because no one wants to have their name tied to a bad product, but that looks like what has happened.
  • Profile picture of the author zirkamer
    I liked the webinar presentation.The Profit Platform looks great. Cuts out most of the actual boring time consuming busy work of setting up the process. The price point is way to high however. 2000$ will go along way in doing this myself.

    I had some of the same basic questions as stated above.

    I would expect that price for a full blown marketing plan/course like Mikes Butterfly Marketing package, however when Mike stands to potentially make a fortune from the partnership and ones marketing efforts, it should be a lot less.

    The price flies right in the face of the whole concept of giving something free per the Quadratic Formula and falls way short of the success of the Mcdonalds or Subway franchise systems which are in the billions, unless you own only one then it is just a 60 hour full time JOB.

    He will certainly weed out a lot of potential with the high price. Mike should put the whole package on disc and send it out free if it is that powerful. Lets see, Mike sends free disk, someone uses system to get 1000 customers to the newsletter and more. Mike makes 7000 dollars. Win/Win yes?

    And how about revoking the licenses after a certain period of time if someone does not drive profits into or use the system.

    After reading this thread I am disappointed, I hoped to see some replies from successful users of this product with money made and in hand...too bad. -Z
    • Profile picture of the author MikeAmbrosio
      Some very good comments here.

      I can give you two good reasons why it won't be given away like you suggest...

      1) At this price point it prevents the very over-saturation that others voiced an opinion about.

      2) It weeds out tire-kickers from action takers. It does no one any good too dump 30,000 freebie users into a system like this only have like 95% do nothing with it. That is a drain on resources with a system like this one.

      As has been stated - this is certainly not for everyone, that's for sure

      Mike

      Edit: Although this has officially launched only 2 months ago, we do have members making money with it. But it's up to them to come here and say so.

      Originally Posted by zirkamer View Post

      I liked the webinar presentation.The Profit Platform looks great. Cuts out most of the actual boring time consuming busy work of setting up the process. The price point is way to high however. 2000$ will go along way in doing this myself.

      I had some of the same basic questions as stated above.

      I would expect that price for a full blown marketing plan/course like Mikes Butterfly Marketing package, however when Mike stands to potentially make a fortune from the partnership and ones marketing efforts, it should be a lot less.

      The price flies right in the face of the whole concept of giving something free per the Quadratic Formula and falls way short of the success of the Mcdonalds or Subway franchise systems which are in the billions, unless you own only one then it is just a 60 hour full time JOB.

      He will certainly weed out a lot of potential with the high price. Mike should put the whole package on disc and send it out free if it is that powerful. Lets see, Mike sends free disk, someone uses system to get 1000 customers to the newsletter and more. Mike makes 7000 dollars. Win/Win yes?

      And how about revoking the licenses after a certain period of time if someone does not drive profits into or use the system.

      After reading this thread I am disappointed, I hoped to see some replies from successful users of this product with money made and in hand...too bad. -Z

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