Internet Wealth Builder Reviews – Legit or Scam?
The Internet Wealth Builder is a make money at home program that’s being promoted on several websites. As you can see from the picture, they’re claiming that they can show you how to make $200 – $900 a day; that’s a pretty serious chunk of change if they can deliver on it.
If this is your first time seeing an offer like this then you’re missing out on a lot of back story. This not the first version of this ad and in fact there is a long history of offers very similar to this one by a handful of companies that’ve been raking in a fortune marketing these work-at-home kits.
This type of offer started out as a “Google Biz Kit;” the page looked almost identical and it sold the same product. Long story short, these types of kits use a gotcha marketing strategy in which they hide a monthly fee from their customers.
They use shipping and handling fees as an excuse to get customers’ billing information so that after a few days they can proceed to charge a high monthly fee. As you can imagine, this sparked an outrage from customers and these types of offers became notorious, inciting a slew of reactions from Google Inc, the FTC, and several Attorney Generals.
On this site alone there have been over 1,000 logged complaints against these offers and many allegations of fraudulent activities against these types of offers. With the release of Internet Wealth Builder it’s clear that the reactions have not been enough to change the way these companies do business.
The only result of the government pressure has been for these guys to get rid of a few trademarks, change names, and be slightly more upfront about the actual costs of the program. If you read the terms and conditions for these sites you’ll see what I mean.
Here is what’s stated on Internet Wealth Builder:
You will only receive a one-time $1.97 processing and account activation fee to the payment option provided today. The processing fee will be reflected on your account as either, WebMoneyTraining or CSRegister. Only if you decide to continue your valued access after your 7 days of free service, do nothing, & WebMoneyTraining will continue to provide you service at a premier rate of $69.97 per month. Remember, this is a totally risk free offer and for your convenience, you can call WebMoneyTraining toll-free at 800-416-1339 for any questions or cancellation. Get started with WebMoneyTraining today and you can start to generate new streams of income in as little as one week! You will also recieve a free 14-day trial to Alterntative Funding. After the 14-day trial, you will be charged $29.95 a month thereafter, if you choose not to cancel. Cancel any time by calling 800-994-4164.
This statement is buried in their legal statement and as you can guess most customers fail to read it and have no idea that their credit cards are being billed a monthly charge. In addition, one of their other favorite strategies is to sign you up for additional crap that you have to cancel. This includes useless extras like identity theft protection or other make money online services. As you can see here, Internet Wealth Builder takes the liberty of signing you up for Alternative Funding – another program with a monthly fee.
All these tactics are employed for only one purpose and that’s to separate you from your money, have no doubts about that. These people want your credit card info because once they have it it’s up to you to cancel, which they don’t make easy. They often have outsourced call centers that are slow to respond and they use these tactics of avoid and delay to keep you signed on for as long as possible.
So is Internet Wealth Builder a Scam?
The answer is a pretty obvious yes; these companies are literally on the verge of being illegal and are clearly unethical. The worst part is that if the product did what it claimed to do then on some level these shady tactics could be tolerated or excused. However, their actual opportunity, according to the folks who have received anything from them (many people have paid money and got nothing in return) is that it’s a poorly organized collection of common sense info on how to use Google Adwords and Google Adsense to make money.
This kind of info alone is not worth the high monthly cost especially without proper training and support. So for your own financial safety I would recommend avoiding the Internet Wealth Builder.
If you have purchased the Internet Wealth Builder and were not aware of these additional charges here is the contact information again:
Web Money Training View Marketing, Inc.
642 Main Street, Nevis 33776
To cancel the internet wealth builder call 1-800-416-1339
To cancel Alternative Funding subscription call 1-800-994-4164
URL: https://www.processcartcenter.com/MTAxNjh8MjI2M3wzNjgwMTN8djI=/ani4b4b9/g
If contacting them fails then immediately call your bank and credit card company to have your accounts paused or closed. It may seem like a pain but it’s better than letting these leeches siphon money out of your accounts every month.
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October 19th, 2009 at 7:47 pm
I was totally unaware of this scam and fell for it today. When I tried to reach their address I was sent to a dead end, you know, page unavailable. I really feel stupid. After all we want to work for money, not have it stolen from us.
Michael B says:
October 20th, 2011 at 2:14 am
Thanks Goodness I stumbled onto this reviewopedia site right before I was about to be tricked into one of these smart scams (Home Wealth Formula)! Plus I got my answer as to why they accept credit cards only for payments (watch out for that detail too), and once more it was confirmed to me that it’s a blessing to have no credit card.