10xFactory.com describes themselves as “the #1 Slack Channel for world class entrepreneurs” who are looking for help and guidance in growing their company up to 10 times its current size.
How Does It Work?
According to their website, most business owners understand that who you know really is one of the most important aspects of making sure your business is successful. Knowing the right people can help business owners save a lot of time and money when it comes to important decision making.
10xFactory.com wants to give all business owners the opportunity to “know the right people” by creating a Slack.com channel that is made up of all business owners, many of whom are the most successful in their respective fields.
Business owners that fill out an application describing the current state of their business and their immediate business goals can be admitted to this organization, where they will have the ability to speak to successful business owners all over the world regarding the most important business decisions they will make.
Their website says that their group can help you figure out how raise money, get distribution, manage your cash flow, and hire the right people, as well as keeping you focused on the most important priorities that will really help your business.
Currently Slack mobile applications can be downloaded on the iOS and Android platforms, so that people will still have access to their channel while on the go.
This website offers no information whatsoever when it comes to costs of this organization. They do not say if they have membership fees, registration fees, entrance fees – nothing. Unfortunately this does not mean that they do not charge their members fees. Instead, it likely means that they will not bring up the issue of fees or payments until after they have reviewed your application and officially accepted you into their organization.
Because this company does not offer any information whatsoever regarding costs or fees for this organization, they also do not provide any kind of a Refund Policy nor do they have any kind of a published Terms and Conditions.
Customers who do get accepted to this group should be very careful if anything is brought up about fees or payments; they should get as much information as possible regarding official policies in regards to refunds and cancellations before they commit to any kind of a payment.
Customer Service Contact Info
Customers who would like to contact their Customer Service team with questions, concerns, or complaints can do so by submitting them directly to their website through their Contact Us link.
Interestingly, there is almost no information available on 10xFactory.com anywhere on the internet. Considering that one of the requirements of their company is that you keep everything you learn from 10x Factory secret and confidential, this may not be that surprising.
But this is an issue for people who are considering joining this group because the reality is that you just have no way of knowing what you are getting into. The website claims that they thousands of applications submitted each week, but they don’t even seem to have been mentioned in online business forums.
There is also no information whatsoever about what membership to this group might cost, or if they have any kind of sales component to their channel.
The bottom line seems to be that with so little information available about this company, it is certainly hard to recommend them to new members.
Competitors and Alternatives?
There are many other groups and programs composed of entrepreneurs and with the goal of helping other business owners meet their professional objectives, so if you feel as though this company is not right for your needs – or if you are not actually accepted – there are many other options available to you.
If you have any experience with this company or their products, please leave your 10xFactory.com reviews below.
11 ‘10xFactory.com’ Reviews
Fast engagement and resolving of refund
Eric, the co-founder for 10xfactory was fast in responding to my request for a refund due to a minor glitch. However, he was efficient in his work, showed true professionalism and acted immediately. Would try 10xfactory. Thumbs up to his great follow ups
No response before and after the trial. Charged my card, zero service provided
I am asking for a refund, and it seems very difficult to get my money back. My card was charged and there was no confirmation that I was qualify for this secret success society group. Throughout the 14 days trial, there wasn't any update on my status on my qualification and the results from where "They vet their clients". After the trial period, they just charge USD 147 from my card and now I am asking for a refund, they were not friendly in response to my request via their facebook page. No one replied my emails as well. Really upset about all this. Please give me back my money
There is no support
There is no support if you have any issues as well, and when the site is down or certain aspects of the page aren't working, you have no one to turn to. You would think with the 'money they are making', they would have a functional website.
Seems like a Scam
I was really curious if it was a scam or not, so I contacted the founders that appear on the web, and the ones that I contacted replied telling me that they are not involved on this. It is a scam and you should be aware of it.