Pennies 4 Profits – Is This Another Lead Generation Scam?

Pennies 4 Profits – Is This Another Lead Generation Scam?

One of the toughest aspects of building a business online is generating traffic or leads. Pennies 4 Profits is a lead generation system that was designed to help you get a head start on building your customer base, at least that’s what they are claiming.

A lot of energy and time goes into generating leads, building your presence, and in turn making sales. So much so, that a lot of people just give up do to struggling to get traffic to their offer.

Pennies 4 Profits claims that they can help you generate leads for your business or products much faster and easier than ever before. Within my Pennies 4 Profits review I will break down the Pennies 4 Profits offer and give you my thoughts on whether this is a scam lead generation offer or an effective way to generate quality leads for your online business.

Like always I welcome your thoughts and opinions and any questions you may have on this Pennies 4 Profits review, have a great day Mike.

What Is Pennies 4 Profits?

Pennies 4 Profits works with 300 joint ventures and top internet marketing leaders to generate leads for you and your business. Once you, have captured your leads you will be able to incorporate these leads in a targeted email campaign driving them to your offer.

The leads sent to you through Pennies 4 Profits are hopefully people in some way interested in your product. Keep in mind that leads need to be very specific to what you are pitching or you are wasting your time and money.

What Does Pennies 4 Profits Cost?

When you first sign up, you’re asked to pay a $30 flat fee up front, and a $30 fee for that month. You’re intitial “start up” costs will be $60.

From there on you’ll pay $30 a month for leads every 24 hours.

If you decide you do not want the subscription anymore, you have 24 hours after paying your start up fee to cancel, and if you miss that cut off, you have anywhere outside of 24 hours before your next recurring payment of $30 to cancel.

What Does Pennies 4 Profits Offer Me?

When payment is complete for the initial $60, you’ll receive 100 leads within 5 minutes of signing up.

The leads will come with a first name, last name, email address, IP address, and a “fresh factor” date indicating when the lead was generated.

Every 24 hours you’ll receive another 100 leads to do what you wish with. You have the option of in putting the leads into a CAN-SPAM compliant mailer to contact your leads every 24 hours which hypothetically will help you avoid hitting your leads spam folder.

You’ll also be given open rates for your email leads. This rate will indicate a percentage outlining how effectively you’re targeting your leads. The percentage is based on the number of people who actually open the emails sent to them.

Who is Pennies 4 Profits Geared Towards?

Ideally, Pennies 4 Profits can be utilized by anyone with a product or service. Whether you’re a beginner or experienced in affiliate marketing, Pennies for Profits is designed to deliver leads, and is pretty straight forward. Anyone could easily learn to utilize the system, the hard part will be converting these leads to sales.

Specifically if your someone who struggles to find leads, or who is looking to target and build an audience, Pennies for Profits could be useful to you.

Is This Form Of Generating Leads effective?

Opinions are mixed and personally I haven’t had a lot of luck using lead generation gimmicks. I have always found that leads generated through lead generation system’s have a very low conversion rate and I am pretty good at converting traffic.

This kind of “generic” lead capturing could be good for websites looking to get sponsored ads put on their site by merchants paying a monthly advertising fee. Merchants that sponsor ads primarily base their sponsorship on website traffic and the popularity of the blog so even if traffic doesn’t convert it will still look good in the sponsoring merchants eyes.

If you use Google Adsense on your website traffic from lead generation may put some money in your jeans if this traffic clicks on some your sponsored ads.

Affiliate marketing on the other hand, which is the promotion of products for commissions, requires very targeted leads that have a specific interest in the type of products or services you are promoting. Usually leads generated using services like Pennies 4 Profits don’t have a very good conversion rate when it comes to affiliate marketing.

The leads that are generated for you really have no idea of what products you are promoting and in turn you really won’t know what products or services these leads will be interested in either. Chances are, the leads you will be given are people who signed up with their information to receive something else, something free or informative is usually how leads are captured. Will these leads have any interest in what you have to offer? Really it’s a stretch to say the least, it’s a crap shoot that you are buying into in my opinion.

Most people disregard your advances as junk mail, especially since they won’t remember opting in to receive info from you and your business, like I said, they probably signed up for a free offer at one time or another.

There are a few risks associated with using this type of lead generation system. There is a possibility that you could be labeled as a spammer and just end up in someones spam folder, Just look at what’s in your spam folder, I know I have multiple emails from people who have gotten my email form signing up for free offers. Remember that for every lead that ends up in someones spam folder you have forked out for.

Personally I feel there is no substitute for targeted and relative content that will engage your potential website visitors. Not only will content created specifically for an audience that is interested in products or services convert but it will also be the basis for website engagement and further up sell opportunities.

What Are The Risks To Using Lead Generation?

Many risks are associated with using Lead generation system in general not just Pennies 4 Profits. Quality of leads is always a concern and really this can change every batch of leads you get access to. Putting your faith in lead generation as your main traffic generation is a really poor idea and really should be an additional traffic generation tool not your standalone traffic generation source.

There are a few risks associated with using this type of lead generation system. There exists the possibility that you could be labeled as a spammer and just end up in someones spam folder, Just look at what’s in your spam folder today, I know I have multiple emails in my spam folder from people who have gotten my email form signing up for free offers. Remember that for every lead that ends up in someones spam folder you have forked out money for and it doesn’t take long to get into a deep financial hole if your emails aren’t reaching the intended target.

Personally I feel there is no substitute for targeted and relative content that will engage your potential website visitors. Not only will content created specifically for an audience that is interested in products or services convert, but it will also be the basis for website engagement and further up sell opportunities. Content has a long shelf life and is a cost effective way to reach your intended audience.

If you pay the $60, you only have 24 hours to decide if you even like the system which isn’t enough time to actually asses what the quality of leads are like,  and if they have any chance of converting. From here on, you’re stuck paying the $60 bucks, and only have the option to cancel before the $30 recurring payment happens, it takes time to convert leads and you really need to have a good sales funnel in place to take advantage of any leads you do get from Pennies 4 Profits.

If you want to cancel or unsubscribe, you have to do it through a support ticket, so make sure to give yourself lots of time. You won’t be able to call anyone via phone, so you’ll want to give the email time to reach their support team before the $30 monthly payment goes through.

 

Few Red Flags

Information on the creator, founder, or owner is not readily available, and really makes me question why it wouldn’t be. Names such as TimTech, who are a company specializing in lead generation, and Prospect Flow USA who are the copyright holders are flung around the web as possible owners. Both companies specialize in lead generations.

There is little to no information about the company itself and how it came to be, and the homepage consists of only a few words urging you to take advantage of the opportunity.

Image result for red flagWithout any real information, the homepage for Pennies 4 Profits really pressures you into signing up by indicating there is only a small amount of memberships left, and that the price will sky rocket to $1299 if you don’t get the last $1 spots. High pressure sales tactics seem to be the way these days but it still makes my spidey senses tingle a bit when I hear an outfit say there are only a few spots left which is obviously a stretch on the truth. So what else are they stretching the truth on?

The homepage is very basic, and between the homepage, support page, and copyright and policy pages the same message just gets recycled over and over again.

In addition, Pennies 4 Profits gives you zero Intel as to how they generate their leads, just that it’s a “trade secret”.

Support

Any help needed, you’ll have to generate a ticket. There are no phone numbers to contact if immediate help is needed.

What People Are Saying About Pennies 4 Profits?

There’s very little to find on Pennies 4 Profits, especially regarding feedback on the quality of results people get.

From what little I did find, it seems that most people love that the open rates are above average for affiliate marketing, however, the click through on those emails are slim to none. Very little of those who have shared their experience with Pennies 4 Profits actually claimed they got any real leads from their participation in Pennies 4 Profits.

On average, people stated seeing about a 10-12% open rate, but no clicks or follow through on any of the links within the emails.

Pros

  • Generates 100 leads every 24 hours;
  • Can input your leads into a CAN-SPAM e mailer to generate auto emails every 24 hours;
  • Open rates higher than average lead generation system’s.

Cons

  • Only have 24 hours after start up fee to figure out if you like this system or not;
  • 100 random leads from people possibly not interested in your business offerings;
  • Little to no information on the company behind Pennies for Profits;
  • Doesn’t indicate where the leads come from, claims it’s a “trade secret”;
  • Almost no actual click through on links within emails which isn’t a great sign of the system’s effectiveness.

What Is My Opinion On Using Pennies 4 Profits

If you’re interested in Pennies 4 Profits, it’s probably because you are struggling to gain traffic and engagement on your website. You probably have little to no sales even though you are working your butt off. I am sad to say in my opinion buying leads from Pennies 4 Profits or any lead generation outfit isn’t going to change your dismal situation.

Getting leads and converting those leads into sales takes some work and a really solid sales funnel and there is no one shoe fits all when it comes to garnering sales.

My advice is start at the beginning and learn how to create targeted content and compliment that content with a robust social media campaign and build a relevant sales funnel to your end product. Only then would I look at buying some traffic and sending that traffic through a sales funnel you know works, this way you will know if your leads are not targeted enough and know when to cut your losses.

 

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