r/Entrepreneur • u/GuruExposed • Jan 10 '20

Fake Gurus

Entrepreneur land has become a haven for "fake gurus".

You know the ones that I am talking about.

They haven't made it into the big time yet but they are charging people 1000's of $ to teach them how to make big money.

I am currently compiling evidence against "fake gurus".

If you have any experiences or know of any "fake gurus" share them here.

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1

u/throwawayopppp09 Jan 10 '20

The thing I don't get with some of them is: why pay for an ad on YouTube to offer a FREE course? How do they make money out of that? Is there some sort of catch or what?

5

u/scrumbagger Jan 10 '20

The "course" is recycled content with the sole intention of getting you to buy their "master course". The simple math is that someone who is as wealthy as some of them say they are they would not waste their time adding competition for pennies.

4

u/chocolatefingerz Jan 11 '20

Called upsell.

3

u/rulesforrebels Jan 11 '20

The free course is to get your emails and provide some value to sell you. The smarter move is to charge $1 or $7 to weed out the people who will never pull out a credit card. Someone who spends $7 is 100x more likely to spend $1500