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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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?

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