About Get Rich Radio
Get Rich Radio is a new single level affiliate marketing program that pays you— and those you refer—in Scholarship dollars, which can be redeemed for real cash. The program is claimed to help you stay in the “millionaire mindset,” and to help you get paid while you learn.
Get Rich Radio was created by “Millionaire Maker” Marshall Sylver, who bills himself as “the #1 leading expert in subconscious reprogramming & the master of persuasion and influence” within the personal development niche. Get Rich Radio is not listed with the Better Business Bureau, and recently launched on February 10, 2014. As a result, there we located very few online customer reviews during our research. However, one of the most common concerns we read is whether or not the program is well-funded enough to stand the test of time (see the Bottom Line section for additional information).
How Get Rich Radio Works
According to the Get Rich Radio website, there is "nothing to buy, nothing to sell... just login and start earning cash immediately!" Here’s how it works:
Get Rich Radio is a daily, 2-hour radio program hosted by “millionaire maker” Marshall Sylver, who claims to “motivate people to take action in the present moment and change their lives in a positive way forever.” As such, Mr. Sylver claims that the program was “created to help the small business person and entrepreneur to gain more specialized knowledge on how to run their business(es) smarter rather than harder.”
When you land on the Get Rich Radio home page, you’ll see several tickers on the right hand portion of the screen, which are calculating the number of Scholarship dollars (SD) you could be earning simply by listening to the show, whether live or recorded. Once you accumulate enough SD, you can exchange them for cash, or redeem them for software, live courses, online courses, and home study courses offered by Mr. Sylver.
Overall, you’ll earn 50SD every hour you’re logged in to the site, which translates into $.01USD actual cash. However, after you sign up, you’ll be given a unique affiliate URL, which you can use to refer other listeners to the program. And for each referral who listens, you’ll earn an additional 50SD per hour, allowing you to exponentially increase the amount of money you earn. Let’s take a quick look at the math:
- 50 Scholarship dollars per hour = $.01.
- This mean if you listen to the radio program 24 hours per day, you’ll earn $.24.
- If you listen 24 hours a day for a week, you’ll earn $1.68.
- During the year, this translates into $87.36.
Now, let’s take a look at the numbers if we add affiliate referrals:
- If you refer 10 people (an extra 50 SD per hour), all of whom listen 24 hours per day as well, you’ll earn almost $875 for the year.
- If you refer 100 listeners, you’ll earn around $8,750 per year.
- If you refer 1,000 listeners, this translates into $87,500 per year.
In addition to affiliate referrals, Get Rich Radio also claims to give away $1,000 of real cash for each hour the webcast is live (2 hours per day, 5 days per week).
Get Rich Radio Premium Member Pricing
Get Rich Radio is free to register and to listen, though you must be at least 18 years old.
However, you can also purchase a Premium Membership for $99.95 per month, which provides the following benefits:
- Personal coaching sessions with Marshall Sylver for 2 hours per day, 5 days per week.
- $1,000 worth of “bonus” training material.
- A monthly ticket (claimed to be valued at $2,000) to the Get Rich Radio Symposium.
- Premium commission structure:
- For every individual you refer who signs up as a Premium Member, you’ll receive $20 per month for however long they choose to remain a Member.
- For every individual that person refers, you’ll earn an addition $10 per month in commission.
According to the Get Rich Radio website, you won’t be able to cash out until you reach a minimum of 250,000SD, or $50USD.
For a detailed explanation of the math behind the program, be sure to read through the Get Rich Radio Terms.
Bottom Line: Is Get Rich Radio a Scam?
While at this time we didn’t find any information during our research that would lead us to believe that Get Rich Radio is a scam, there are several important things you should keep in mind prior to signing up.
First, the main Get Rich Radio landing page contains almost no information about the program, which is only provided after you’ve entered your name and email address. In our experience, companies who use this tactic often have lower satisfaction ratings than those who do not.
Next, the “money” you earn is in scholarship dollars, which have no real-world value. However, it can be converted into cash or redeemed for other Marshall Sylver products, though it will likely take you a very long time to reach anything of significant value. With this in mind, the real earnings potential is not necessarily in listening yourself, it’s in getting your referrals to listen, and getting them to purchase a Premium Membership. However, despite the numbers shown in the How it Works section, the likelihood that each of your referrals will listen 24 hours per day (and/or purchase a Premium Membership) is fairly slim.
Also, according to one detailed review we found during our research, similar programs in the past have not been able to last very long, as the number of referrals—and the amount of money individuals can earn as a result—can quickly surpass the amount of money coming in from third-party advertisers. In other words, these programs often reach “critical mass” within a year or two, are no longer financially feasible, and end up folding as a result.
Finally, Marshall Sylver has come under intense scrutiny recently due to allegations of grossly excessive seminar fees, and that the information received during these seminars does not justify the high price. In addition, he was indicted in 1984 for possession of counterfeit Federal Reserve notes, and again in 2003 on nine counts of obtaining money under false pretenses.