The Modern Millionaires is a course that has been gaining popularity in the online world for good and bad reasons. There are some who are sold to its benefits while others who think the course is a scam.
My aim in this Modern Millionaires review is to dive into the details of what the course offers to you and whether it is worth the money or not.
A large number of individuals like yourself have been exposed to the marketing of this course by means of a YouTube advertisement featuring Abdul or Chance, the creators of the course.
They highlight how this course can assist you to initiate and grow a business online from scratch. They do so by teaching how to capitalize on Google advertisements for the business.
What is the Modern Millionaires course?
Since this article is aimed at presenting a verdict on whether the Modern Millionaires course is legit or a scam it is fitting to first talk about what this course entails. Modern millionaires is also known as the ‘officeless agency or the millionaire middlemen‘. It is a course developed to help people enter this industry and make money from the comfort of their homes.
The prime focus of the course is to develop an online agency and then market it via Google advertisements to earn revenue. The creators of the course commit that they can help you earn thousands or even a million dollars by generating leads for other businesses via the running of online advertisements.
This sounds fairly simple but let's dive a little deeper to understand how it works. The Modern Millionaires course is the replication of the journey of its creators Abdul and Chance to provide people with entrepreneurial sources of income that can replace a monotonous 9 to 5 job on a daily basis. It is the route to getting your share of the $400 billion online advertising industry.
The website of the Modern Millionaires course does not give you a lot of information at the first glance. You will have to browse through different sections of the website like “members-only access” to even get some details about the different modules of the course. This is slightly inconvenient and does not give off a very good impression of the creators of the course.
Modern Millionaires Review – Modules
There are a total of 4 modules in the Modern Millionaires course:
1. The foundation – without this you don’t stand a chance
The name of this module is an exact description of what it entails. This module provides the absolute basic information of starting your own business. This also includes some knowledge about the filing of taxes as a business in the United States.
This module will help you attain that frame of mind that is necessary prior to start any business and initiate that basic structure for setting up your agency. Furthermore, you will also find the much-needed help during this stage of the course for finalizing the market segment you will be catering to via your online agency business.
This is like the introductory session of a course that you take in college or university. It lays the groundwork for what you should expect to learn over the tenor of the course and the action items for you as an individual.
2. Prospecting and Sales
In order to understand how to prospect and attain sales, you will first need to understand what prospecting is. This module begins with just that to help you practically implement it for your agency.
This is followed by encouraging you to do some in-depth research to understand the dynamics of the market segment you plan to target with your business. Since the way CRM works online is different from its functionality in the world of retail, this module does highlight specifically how it works online.
Since the main focus of an online agency is finding and materializing leads it will be absolutely necessary for you to bring your A-game when it comes to managing your customer relationships. Therefore the knowledge about online CRM is very important for the success of your business.
Unlike other similar courses, the Modern Millionaires course also tends to provide a detailed knowledge of cold emailing. This is because cold emailing is one of the most tried and tested ways of generating leads for a new business like your online agency.
In addition to this, you will also gain incredible knowledge about the use of professional networks like LinkedIn since they are the perfect place for building your network and transforming them into actual business leads. You will also learn how to process any payments that you make or receive as part of the regular transactions.
The last part of this section of the course to actually brief the entrepreneurs about how to “seal the deal”. Even though this is not covered in a lot of detail, it is covered since no business succeeds without actually getting customers to feed its bottom line.
3. How to run Ads that print $$$
This is one of the most detailed modules of this course. It is due to this reason that it has been divided into sub-modules to help individuals understand every aspect clearly and in great detail.
1. Increasing traffic generation by using Google Ads
As the name suggests during this section you will gain in-depth knowledge about how Google Ads works and how you can use it to generate more traffic for your business and your clients.
The detail with which the Modern Millionaires course covers this aspect is unparalleled. You will be able to successfully generate leads for your clients once you cover this section of the course. Once you understand the working of Google Ads you will also be able to interpret Google Analytics in a better way.
Since Google Analytics is one the best tools present to help you view the results of your lead generation efforts it really works in your favour to understand how it works.
2. Using Facebook to drive traffic
Social media platforms have appeared as one of the best examples of merging professional initiatives with personal networks. The ad component of Facebook has proven to be highly lucrative for new and small businesses. This is why it is covered as a separate segment in this course.
3. Working on materializing the lead
This segment of the course takes its learnings from the previous two subsections and uses it to materialize the leads into customers who can provide a steady revenue stream to your business.
4. Outsource and Scale: Teamwork makes the dream work
This module of the Modern Millionaires course works towards teaching you to implement large scale automation in your business. This phase in the business is also termed as the “autopilot” mode.
This involves automating your lead generating, CRM, and the execution of the final deal with the customer. You will learn that there is a need to ensure that any recruitment you undertake is in line with the automation phase of the business. This means you shouldn’t hire people you might have to lay off due to automation later.
The majority of courses that tend to offer training on a similar subject matter tend to recommend the entrepreneur to dive into automation once the business has achieved a certain level of stability. However, this course tends to prefer the automation to be implemented from the start of the business to enable revenue generation.
The vision of this course is to “Empower Entrepreneurs to create Scalable Agencies”. This stems from the conclusion this course’s creators have about what is the biggest reason for the failure of most entrepreneurial ventures. It is the lack of a fee proportionate to their services charged to the clients and insufficient resources for scaling the business.
Since this course does work on generating leads for other companies by running ads online the same tips can be useful in doing the same for your online agency business.
Modern Millionaires Pricing
The pricing plan of the Modern Millionaires course is confusing and not explicitly stated on their website. It is only during their YouTube advertisement do they communicate the cost of their upsell product which is priced at $9.95. The confusion is further increased by their lack of mention that this is not the price of their entire course.
The slightly upsetting factor for people who purchase their upsell product is that they were charged $13 instead of $9.95 without being communicated about the additional charge on their respective credit cards.
The actual charge of the course is only communicated to individuals who call their sales agents. This call has to be pre-booked with the company and cannot be made on an ad-hoc basis. During this call, you discuss your needs and your budget with their sales agent. Based on your budget you are given the differently priced options of the course.
The price range of the complete course ranges between $5,000 to $7,860 based on the option you choose to enroll in. Yes, you read correctly – $5,000 to $7,860!
This price is very high and is not at all affordable by people on normal wages who aspire to become an entrepreneur in the online advertising industry.
Furthermore, this is just the cost of the course and does not include any additional cost that you will spend as a business owner for the purpose of paid advertisements on Google or Facebook and any other software needed for your online agency.
The truth is that the knowledge offered by the Modern Millionaires course can be found in other cheaper options online or even free options. You may have to take two or three different courses to gain all the knowledge that is present in one single Modern Millionaires course but high chances are that this will still cost you less than enrolling in this one course.
The cost of the Modern Millionaires course does not align with their vision or their primary target market. The working-class individuals who aspire to be entrepreneurs and earn money by setting up their own business can not afford to spend thousands of dollars on a single course. They would rather save this money to spend on the outflows of the actual business.
Who are Abdul and Chance?
Abdul Samad and Chance Welton are the creators of the Modern Millionaires course. They have built this course by replicating the learnings from their own experience when they set up their business of online advertising.
They are the individuals who appear as the face of this course in its advertisements on YouTube. The interesting factor is the lack of information about these two other than their own narration of their business’s journey. Their website also does not contain a section that has some details about the founders of this course.
Abdul and Chance do not have a known standing in the online advertising industry. Furthermore, they have been featured by Forbes and other entrepreneurial publications but the real reason that would grant them such recognition is still not clear.
There is however new of them initiating multiple business ventures from scratch and each of them has a niche they have specialized in. Abdul has expertise in digital business while Chance is a pro at the marketing aspect of businesses.
The two founders may have the knowledge and skillset for setting up new business ventures. They may even have been able to crack the special recipe that guarantees success in the online advertising business. However, their standing is not that significant that they should be charging such a massive fee for their Modern Millionaires course.
Is the Modern Millionaires course a good option?
The Modern Millionaires course has been developed by two individuals who struggled to set up their own venture but were eventually able to crack that secret recipe that helped them initiate not one but multiple businesses from scratch. They have learned from failure and from success.
A course that is based on their learning will be relatable and result in an all-encompassing learning experience. This can be highly beneficial for individuals who aspire to start their online advertising business but lack the necessary knowledge that can help them kick start their venture.
However, please note that it would be beneficial if you literally have money to spare or more accurately, throw away!
There are many other similar courses present online and each of them is backed by claims similar to that of Adam and Chance. Not every course and claim seen online can be trusted since many of them lack legitimacy. Given that the creators of this course have received recognition from sites Forbes makes their story more believable.
The Modern Millionaires course has covered every step that is part of kick-starting a new online advertising business. Every action that needs to be taken by you as a business owner for generating leads and running paid advertisements on Google or Facebook is covered over the tenor of this course.
Since this course stems from the personal experiences of the founders it includes many small tricks and tips that would help you with setting up your venture. These may be missing in other courses that tend to focus more on academic and book-based knowledge pertaining to setting up an online advertising business.
It also talks about the business model of online advertising which has practical examples of turning into lucrative business ventures.
Is the Modern Millionaires course a scam?
We have already talked about why the Modern Millionaires course is a good fit for individuals looking to start an online advertising business. However, this is not the only perspective that surrounds this course. The primary reason that the reviews of this course are not all positive is its astonishingly high cost.
Only a rare segment of aspirational entrepreneurs will have thousands of dollars lying around to be allocated to a single course. Normally individuals looking to start their ventures have saved up for years to invest the amount as capital in the actual business and not as a fee for a course that might help them set up the business.
The theoretical learnings for starting a business are normally obtained from free or relatively cheaper sources. This is one of the biggest reasons why the knowledge to cost ratio of this course is severely tilted towards the latter and makes it seem like a scam rather than a legit knowledge gaining source.
As a new business owner the thousands of dollars that you consider spending on this course will be a lot less lucrative than if you spend the same amount of money on your paid advertisements.
The main focus of this course is to guide you about how paid advertisements can be used to generate and materialize customer leads. It briefly touches upon the basics of setting up a new business but it does not cover that in detail. As a first time entrepreneur, you will still be learning the basics of a new business through your own experiences.
Since the course focuses on a niche industry it does not offer very vast learning experiences for the individuals who enroll in it. The course also tends to have a slightly myopic perspective on lead generation since it only talks about paid advertisements. Generating new customer leads is possible via other means like SEO or email marketing which are not mentioned at all.
A course as highly-priced as the Modern Millionaires should be more diversified and at least have a positive impression in the minds of its actual customers.
Unfortunately, neither of these is true for this course. The majority of people who have enrolled in this course tend to leave negative feedback and that adds to the list of flaws for this course.
Despite the high fee charged for this course, there is no guarantee that it will actually translate into a real revenue stream for your business. The only thing it does is provide you with the knowledge that increases the chances of attaining success but that is in no way a guarantee that you will be able to materialize your customer leads.
The creators of the course have also changed its names multiple times to get rid of the negative perception that surrounded the previous names. These were ‘officeless' agencies and millionaire middlemen. This definitely raises some amount of suspicion about the credibility of the content and the claims pertaining to this course.
Final Verdict
The Modern Millionaires course has indeed gone viral over the internet for good and bad reasons. It has been marketed as the sure-shot way by which aspiring entrepreneurs can attain success in their online advertising business. This course has been developed by two individuals who have themselves initiated many successful ventures from scratch.
Despite the fact that the content of the course is covered in great detail and is very well structured it still does not seem worth thousands of dollars. Its cost coupled with the rising negative reviews does not create a positive impression of the Modern Millionaires course. There are many other cheaper programs and a selection of best affiliate marketing courses to choose from.
Simply put, if you want to invest your hard-earned savings, don't go for this course. You should actually use that money to undertake actual business expenses that have greater chances of generating revenue than this course.
