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Home » Reviews » Negative Reviews » Is Automated Wealth Network Another Ponzi Scam?

Is Automated Wealth Network Another Ponzi Scam?

April 22, 2015 //  by John

Name: Automated Wealth Network

automated-wealth-networkOwners: Tim Chesonis & Mike Cocan

Website: www.automatedwealthnetwork.com

Price: “Free”

Overall Rating: Not Recommended

starhalf starblank starblank starblank star

This is not affiliate marketing, okay wait, it is. Yup, I was confused. In this review, I want to show you how this almost too good to be true business is something you should or should not give a try.

What is The Automated Wealth Network?


This is another “free” system, which was created by Tim Chesonis and Mike Cocan, which they refer to as AWN. These guys claim that their product will help you make money online, using their automated system. Their “money making machine”.

I have seen hundreds of these so called automated systems, so this review might not come with a bunch of praising, but rather an honest outlook on what this program is really about.

Who this is for


This is for people looking to make money online. However, these guys definitely target the completely uneducated, as well as those who are struggling to make a penny online.

Getting Started


Just like the other automated scams out there, they start off by telling you things are free. Yeah they do it in a very discreet manner, but come on man.

This is actually one of the reasons why I give the Automated Wealth Network such a low rating and is also something I can not stand. Why can’t you just be straight forward?

The Actual Cost + Products


You should know that nothing in life is free my friend, especially not online. If you want to make any money with this program, you will need to invest like any other business out there.

I mean really though, how do you think you would join an online business thinking that you aren’t going to pay a penny? It just doesn’t work that way.

To start making money it is going to cost you a minimum of $30. This will pay for My Cash Freebies, which involves filling out different Fortune 500 company offers.

Then comes the second up-sell, which is the Power Lead System, which is going to cost you $27/month. I knew there had to be a monthly payment involved, or this little system will not work.

You can actually get a free trial that will last for a week, but once that’s up, out comes the $27 from your credit card. If you don’t get this product, you will not gain complete access to the Automated Wealth Network. This my friend, is how you go from free to you must buy in 30 seconds.

Tools & Training


 

automated-wealth-network-training

This where things start to get kind of weak with this program. You already don’t have anything tangible, and now you have a bunch of training videos, that don’t teach you much.

The one thing that I did like, was the community and the Leadership Masterminds. Although it reminded me of a scam called the Empower Network, I like connecting with other like minded individuals.

In the end, this is nothing but hype, which is designed to get you excited so you can go out there thinking that you’re going to finally make money online.

Other than that, they lack quite a bit in this department and this is probably what will make or break your business if you do decide to join the Automated Wealth Network.

Pros & Cons


Pros:

  • Can make you money
  • Fairly low investment
  • They do mention you have to work at this

Cons:

  • is in the pyramid type style business
  • Requires recruiting (and yes you will be the one doing it)
  • It is not free
  • Tools and training are bleh
  • No tangible products

 

What to Lookout For


Just like the brothers and sisters of this program, you really need to know what you’re getting yourself into. I don’t cafe how good of an automated system anyone has, you will not make the money you think you’re going to make if you don’t sign anyone up.

I make a full-time income online with affiliate marketing and I can tell you that affiliate marketing is the way to go.

They are Promoting Affiliate Marketing

I don’t like the fact that these guys try to tell you that affiliate marketing is not the way to make money online, and then they tell you about EVERYTHING that is affiliate marketing.

This is not sustainable

I’m not too sure if you’ve heard of a program called Wake Up Now, but that is exactly what happened with them. I knew a lot of people (and I mean a lot) that were in that business.

They all had downlines up their behinds and were actually doing pretty good with this, until bam! WUN is no longer in service. This is why I completely stay away from any network marketing business.

No Actual Products

Unless you have some type of diluted laundry detergent like Amway, then the chances of hanging around for the long haul are slim to none.

With the Automated Wealth Network, there is no actual product that you will be promoting, but a bunch of training, just like the other scams that have come my way.

Did I Mention recruiting?

When the mention the word “automated” for some reason it kind of makes you feel that these guys are going to get people to join for you, but that’s not what’s going to happen.

They have their little system setup for you, but you will still have to do your little recruiting job and get these people to the automated part of things.

Want to see what program I recommend?

AWN at a Glance


Name: Automated Wealth Network

Owners: Tim Chesonis $ Mike Cocan

Website: www.automatedwealthnetwork.com

Real Price: $57 to get started and then $27 every month

Final Verdict: Not Recommended

Although this can make you money. I can’t recommend something that doesn’t offer any true value. You will be doing nothing but recruiting, so what would you tell your next prospect when they ask you what you’re really selling?

As far as whether or not this is a scam, is completely up to you. To me, all network marketing businesses are scams, but that’s just not how things are. Until, these guys do something funny or I hear complaints about people getting scammed, these guys are still on the good list.

not-recommended

Final Thoughts


I have had some success with a couple of MLMs, but with the fact that you don’t know what can happen, is the problem I have with any of these network marketing gigs.

If you think you can be the next best recruiter, then this might be the product for you. Just remember now that you will not have any facial cream to sell to your prospects, so good luck with that.

Don’t forget to read their income disclaimer, if you really need a better picture of how much money people are actually making with this. Click here to see AWN’s income disclaimer, so you can see the reality of what this is really about.

Well I think that should do it. I hope you’ve enjoyed this review of the Automated Wealth Network and hopefully you can make a better decision. If you do decide to join, I wish you the best and please do come back and share your experience with this. Good luck!

 

– John

A Work at Home Jobs

 

Category: Negative Reviews, Reviews

About John

Hey everyone, I'm John and I am the owner of this site. I have fallen for many scams, played the recruiting game, and lost thousands of dollars before finding something that actually works. With this site, I hope to save you time and money as there are too many gurus that care about nothing more than filling their pockets with YOUR hard earned money.

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Reader Interactions

Comments

  1. Robert

    April 27, 2015 at 5:43 am

    Hi John,

    Your review of AWN is simple and straight forward. I was recruited by these guys as a founding member and shortly I discovered it was just another MLM scam. The only good thing out of AWN was that it led me to Wealthy Affiliates. The more people who know the truth about AWN, the more people we can help.

    Keep up the great work. Robert

    Reply

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