Stuart Ross’ Modern Wealthy is an online course that teaches you how to make passive income with affiliate marketing. Modern Wealthy uses the "Authority Marketing" strategy. It ranks your site on search engines by establishing you as an authority and expert. Modern Wealthy promotes the "modern wealthy way," focusing on affiliate marketing and e-commerce. Students can access Modern Wealthy in Stuart Ross' Launch You educational platform.
Modern Wealthy reviews online show a positive response to the course. It has a 4.3 rating on Trustpilot with 78% 5-star ratings. Students say the course is easy to follow and does a great job introducing affiliate marketing to beginners. However, Reddit users advise against affiliate marketing because of the recent Google updates. According to them, even the experts are still figuring out the impact of these changes.
I successfully created a 6-figure affiliate marketing business myself. But, it's highly competitive with less control on products and networks. It's not sustainable in the long run. So, I shifted into building digital assets I can rent out for passive income. This article will go over what you'll get in Modern Wealthy and Stuart Ross' other programs. I'll also check out who Stuart Ross is and help you decide if affiliate marketing is worth it in 2024.
Stuart Ross' Modern Wealthy Review: Pros and Cons
Pros
Taught by an established online entrepreneur. Stuart Ross has 10 years of experience in digital marketing and business mentorship.
Modern Wealthy has an active Facebook group with 7.8K members.
Access to Stuart Ross' ebook "Authority Marketing Secrets of the Modern Wealthy."
Cons
Course has expensive upsells that you’ll need to buy if you want access to more advanced training.
Sketchy marketing tactics. They said the course is originally $697, but has been sold for $37 since 2022.
Lessons in the video modules are repetitive and full of filler information.
Price
Modern Wealthy costs $37. It has optional upsells for LaunchPad and Accelerate worth $997 to $4,000.
Refund Policy
Modern Wealthy offers a 30-day money-back guarantee. They let you keep your access to the program.
Origin
Modern Wealthy was created in 2022.
Reputation
Modern Wealthy has a 4.3/5 rating on Trustpilot.
The teaching is really solid and they definitely know what they’re doing – super professional. Only reason I’m not giving it 5 stars is they’re always trying to push extra stuff on you, which gets a bit annoying.
Can You Build a 7 Figure Business with Authority Marketing?
You can build a 7-figure business with authority marketing if you plan to do it in the long-term. According to a survey by SDL, it can take up to 2 years for customers to trust your brand. Then, you can create multiple income streams. Most successful affiliate marketers like Neil Patel, Jon Chow and Pat Flynn also offer courses. Jon Chow also offers consulting services, Pat Flynn writes books, and Neil Patel owns software tools. These notable affiliate marketers established authority in their niche. They reached 7 figures through diversifying their income.
What is Modern Wealthy?
Modern Wealthy is an online course teaching how to use authority marketing for affiliate marketing and ecommerce business. Authority marketing follows 6 steps:
- Identify your market.
- Find your target audience.
- Know your customer wants and needs.
- Build a brand and a message.
- Set-up autopilot.
- Leverage online ad traffic.
Who is Modern Wealthy For?
What Do You Get With Modern Wealthy?
What is Stuart Ross' LaunchPad?
Stuart Ross’ Launchpad is a coaching program offered in his Launch You platform. Launchpad provides tools, training, and community support for building a profitable online business. Modern Wealthy students can access LaunchPad for an additional $997 or a monthly subscription of $99. The LaunchPad Curriculum covers lessons in attraction marketing, lead generation and website branding.
What is Stuart Ross' Accelerate?
Stuart Ross’ Accelerate is another upsell to the Modern Wealthy course. Accelerate is a 12-month marketing and e-commerce mentorship program. Accelerate costs a minimum of $3,995. It includes more hands-on workshops compared to the self-paced modules in LaunchPad. Accelerate also gives access to done-for-you (DFY) website funnels and marketing templates.
What is Stuart Ross’ Six Figure Mentors?
Stuart Ross’ Six Figure Mentors (SFM) is a high-ticket affiliate marketing course. SFM was co-founded by Jay Kubassek in 2010. It claims to teach affiliate marketing that can earn 24/7 revenue without traditional business systems. Six Figure Mentors is Stuart Ross' well-known course before launching Modern Wealthy.
Are Students of Modern Wealthy Successful?
Yes, students of Modern Wealthy are successful, though they're all from the course site. Testimonials show positive results like building a successful online business and leaving their 9 to 5 jobs.
Dan Holloway from London, England is the CEO of Scrap the 9 to 5 Ltd. He helps corporate professionals build affiliate marketing and e-commerce businesses. Dan quit his full-time job as Senior Sales Executive at Lead Forensics after joining the Modern Wealthy mentorship. He is now a mentor in Stuart Ross’ Launch You training program.
Nicole Nagelgast from South Holland, Netherlands sold 10,000 copies of her book, “The Adventure Book." She started online marketing in 2016, but did not have a business of her own. Nicole joined Modern Wealthy and developed her own physical product within 2 years.
Vicki Renz from Landau, Germany is a Modern Wealthy affiliate member. She built Oh My Mama Body, an online women’s fertility platform. She said it was possible because of Ross’ step-by-step approach. Vicki quit her 9-to-5 job and created a successful online presence through her YouTube channel and website. She also offers online courses and has been featured in Brainz Magazine.
Modern Wealthy Trustpilot Reviews
Modern Wealthy has a 4.3 rating on Trustpilot from 42 reviews. Most of the comments are positive, with 78% of reviewers giving it 5 stars.
Mark Tilbury from Australia shares that he built a 24/7 online business that runs on autopilot after 9 months of taking the course. He highlights Modern Wealthy’s step-by-step training and like-minded community. Mark mentions that many people aged 60 and above are in the program. This shows that Modern Wealthy can be a beginner-friendly course for anyone who wants to start an online business.
However, some students gave Modern Wealthy a negative review. The user pmaggie from the UK says that the course promises a lot but delivers nothing. They claim that the £90 ($113) subscription is not worth it. Other 1-star Trustpilot reviews say that Modern Wealthy repeats the same ideas taught by other affiliate marketing gurus on YouTube. Some share that it’s a get rich quick scheme.
Modern Wealthy is not a scam because you’re getting what they promised. Modern Wealthy offers a training course for affiliate marketing and ecommerce. Students are getting an ebook, video lessons and a personalized consultation. But, there are reports that the lessons are too basic. Thus, Modern Wealthy is a good fit for you if you’re a complete beginner who doesn’t want to sift through free YouTube content.
Who is Stuart Ross?
Stuart Ross is an online entrepreneur and business coach from Farnham, UK. He created online education platforms, including Launch You, Mentors, and Digital Experts Academy. His courses have over 120K students worldwide and generated $100 million in sales. Before becoming a coach, Stuart worked as a real estate agent. Then, he dived into sales in 2007. He invested in a franchise where he did door-to-door sales and cold calling. This experience led him to affiliate marketing where he doesn't have to do hard sell.
Then, Stuart created Six Figure Mentors affiliate marketing program with Jay Kubassek. In 2017, he invested in the startup DNA Coach. It is a development consultancy for organizations. Stuart also has a paid community, Mentors. Stuart got his Bachelor’s degree in Sports Science in 2001 from The Henley College in Oxfordshire, England. He currently lives in Portugal.
What is Stuart Ross' Claim?
Stuart Ross claims that you can automate selling to any target audience through Authority Marketing. He describes Authority Marketing as a versatile system compared to other business models. He claims you can increase your net worth by positioning yourself as an online authority. Then you can promote affiliate products or your own business.
Stuart also claims that you can start a 6 to 7 figure online business that runs on autopilot in less than 90 days. He promotes affiliate marketing and e-commerce as in ideal low-cost, low-maintenance business models.
Stuart Ross’ Claim Debunked
Building a 7-figure online business in less than 90 days using authority marketing is not realistic. It takes time to build a positive online reputation that can attract audiences. According to Authority Hacker, the average affiliate marketer has 3 years of experience. Smarter Digital Marketing reported affiliates earning $55k per month have 10 years of experience. These data show affiliate marketing needs a long time and effort to be profitable. So, if you’re a beginner, you’ll need over 90 days to position yourself as an authority to be trusted and bought from.
Moreover, Awin reported the average affiliate marketing conversion rate is only 0.5% to 1%. This means that out of 100 people who find your website or social media post, only 1 person will buy. And, the average order value of orders from affiliate links is $140. That means, if you’re earning a commission rate of 1% to 4%, you’ll only get $1.4 to $5 per sale. You’ll need to convince thousands of people to buy via your affiliate link to even scratch 6 figures.
According to Forbes, ecommerce stores have a 90% failure rate. Oyolloo also stated it takes 2 years to be profitable. You'll need to build a strong, trustworthy brand so people buy from you instead of competitors. As per Growth Devil, there are 600,000 new ecommerce stores in 2024 compared to 2023. Profitable niches like fashion, health care and pet products already have established stores. You can get people to look at your store than theirs if you offer lower prices for the same quality product. However, that will cut on your profit margins and is not sustainable in the long run.
Is Affiliate Marketing Easy or Hard?
Affiliate marketing is hard because you’re competing with hundreds of affiliate marketers for traffic and sales. This business model has a 90% to 95% failure rate. There is no customer loyalty since you’re promoting products that aren’t your own. You also have no control over the terms of the affiliate program and the platform you use for content. According to a Reddit user, affiliate marketing sites took a hit from Google’s last update. Sites with developed brands and user-generated content are ranking higher.
Is Affiliate Marketing Worth It in 2024?
Yes, affiliate marketing is worth it in 2024 if you have great skills in generating traffic or enjoy keeping up with marketing trends. Traffic generating skills include creating viral videos and quality blogs or being a social media influencer. Meanwhile, trends in marketing are influenced by algorithm changes of platforms. According to Impression Digital, Google makes 1000 updates annually. Facebook, Instagram and TikTok algorithms are constantly updated. You’ll have to be ready and adapt to these changes or you lose visibility and traffic.
What is a Better Way to Build a 7 Figure Online Business?
Local lead generation is a better way to build a 7-figure online business than affiliate marketing. With affiliate marketing, you're competing globally against brands with budgets for paid ads. It also requires constant work with algorithm updates and consumer behavior trends. In local lead generation, you help businesses find customers by ranking niche websites. You set up a website with $500 and rank it using local SEO. Once the site is gaining traffic, you can rent it out to local businesses for $500 to $3000 per month.
Local lead generation is also less saturated than affiliate marketing. You can rank on search results with only 15 to 30 pages in 3 to 6 months. And you'll only be competing with a maximum of 30 local service providers. Local lead generation also costs less to maintain. You can keep it running for $30 a month with little maintenance needed. The local lead gen site I created in 2015 is still up with little maintenance required.
On top of that, local lead generation is also highly scalable. The process is repeatable with over 50 niches. It has a 35% profit margin which increases the more websites you create. All the local lead generation sites I own today generate me $52k per month. Local lead generation is an easier and more sustainable business model to reach 7-figures.
