Wealth Academy is an affiliate marketing training platform by Shaqir Hussyin. The platform offers courses and mentorship programs. Shaqir teaches students how to create a long-term affiliate business using his WACORE5 strategy. The program focuses on sales funnels, content creation, and digital marketing.
Affiliate marketing is a highly risky business model. A study by Forrester found that nearly 20% of affiliate marketers fail within their first year. Affiliate marketers need to equip themselves with the skills and strategies to become successful.
Wealth Academy reviews are mixed. Some people praise the program for its comprehensive training effective sales funnels. Students of the mentorship program also highlight the helpfulness of the 1-on-1 coaching. However, there are significant criticisms and controversies. Skeptics argue that the program is overpriced and uses aggressive marketing tactics. There are also concerns with Shaqir Hussyin's past with controversial MLM schemes like MOBE . Critics suggest Wealth Academy might be a rebranding of those pyramid schemes. The high costs and lack of accreditation add to the skepticism.
In this article, you will learn about the Wealth Academy programs and Shaqir's WACORE5 strategy. I will talk about Shaqir Hussyin, his funnels.com business, and previous association with pyramid schemes.
Wealth Academy Pros and Cons
Pros
Thousands of student reviews
Supportive community
One-on-one coaching with Shaqir Hussyin
Cons
Expensive
High chance of upselling
Poor refund policy
Price:
Wealth Academy costs starts at $2,997 per year to $40,000 per year.
Refund Policy:
Wealth Academy has no refund policy explicitly stated.
Origin:
2015
Reputation:
Mixed
Just overpriced. Coaching would’ve been helpful but it’s just too damn expensive.
What Is Shaqir Hussyin's WACORE5 Strategy?
Shaqir Hussyin's WACORE5 Strategy is a comprehensive method for creating profitable online businesses. Shaqir emphasizes the importance of creating assets that yield long-term returns. He also puts importance on and leveraging automation. The WACORE5 Strategy focuses on five core areas:
What Are the Wealth Academy Programs?
Wealth Academy Accelerator for “Digital Creators” ($2,997 per year for 1 user) - Offers a proven, step-by-step system for building your personal brand and then creating an automated sales funnel so that you earn any time, anywhere. This course is only available for teams of 10 to 100+.
Wealth Academy PRO ($12,497 one time + $100 monthly fee) - Contains everything in the Accelerator course plus one-on-one coaching from Shaqir Hussyin.
Wealth Academy Mastery ($25,000 per year) - Weekly access to Shaqir Hussyin for 12 months.
Wealth Academy Elite ($40,000 per year) - Shaqir Hussyin’s inner circle. Includes weekly access to Shaqir Hussyin and 3 live in-person Mastermind events (which are limited to only 20 attendees per year).
Wealth Academy Total Access
VIP Diamond Membership ($120,000 for 18 months) - You'll get access to all everything that Wealth Academy has to offer. In addition, you will have direct access to Shaqir and his inner circle, invitation to exclusive events, and much more. This membership is limited to 12 people per year.- You'll get access to all everything that Wealth Academy has to offer. In addition, you will have direct access to Shaqir and his inner circle, invitation to exclusive events, and much more. This membership is limited to 12 people per year.
KEEP IN MIND:
Before you can enroll, you need to schedule a discovery call with Shaqir Hussyin or his team. The call helps Shaqir filter out interested students from curious onlookers.
Does Wealth Academy Offer Certifications?
Yes Wealth Academy offer certifications. There are nine certifications in total:
Take note that each of these certifications costs $1,497 (special price) to $4,997 (regular price). As with the online courses, the wealthy affiliate certification programs are self-paced and include several videos and downloadable workbooks.
Do Wealth Academy's Certifications Hold Real-World Value?
I found no records of Wealth Academy being accredited by any educational or financial system in the UK. This means that the Wealth Academy certificate is only useful within the organization.
KEEP IN MIND:
The goals of Wealth Academy is to help the everyday person “start, grow, and scale a profitable business. This is a business that builds daily cash flow and long-term assets”. This sounds eerily similar to Shaqir’s sales pitch for MOBE.
Who Is Wealth Academy For?
Who Is Shaqir Hussyin?
Shaqir Hussyin, known as the "Backpack Millionaire," is the founder of Wealth Academy and Funnels.com. He is an expert in affiliate marketing and sales funnels. Shaqir began his entrepreneurial journey in 2009, earning his first million by age 23. He has traveled to over 100 countries while running his business. Shaqir has hosted over 100 live events worldwide and has over 112,000 followers on Instagram.
What Is Funnels.com?
Shaqir Hussyin's Funnels.com is an online platform that helps businesses create and manage sales funnels. Funnels.com offers tools for building landing pages, automating email marketing, and more. This makes it easier for businesses to attract, convert, and retain customers. They also offer the services of closers, customer support, and more.
Funnels.com's export funnel consultants have worked with over 1,000 clients. Some high-profile clients are Russel Brunson, Mehdi Syed, and Zach Crawford.
Shaqir Hussyin’s Involvement With MOBE and Empower Network
None of Shaqir Hussyin’s websites mention of MOBE or Empower Network anywhere. Archived versions from 2014 to 2016 show that Shaqir states that he was the top earner for both companies. So successful that he earned millions and was able to start his own company, Solo Ads Agency, around 2014.
MOBE, which stands for My Online Business Education, was founded by Matt Lloyd in 2013. It supposedly helped veteran entrepreneurs learn more about affiliate marketing. Only one year later, Shaqir joined the company and became its highest earner. He put out a press release that stated that he and Lloyd, was able to pay out $21 million in commissions to affiliates.
Shaqir even appeared in a YouTube video as the face of MOBE. He stated the company's "mission" to help the average person create "full-time income in their spare time." However, in 2018, the Federal Trade Commission officially charged MOBE with fraud. It claimed that it stole more than $125 million from thousands of consumers with a fake business education program. The FTC asked victims to file their complaints. Many people claimed that Shaqir manipulated them to enter a more expensive program. Refunds, also, were almost non-existent.
The MOBE case is still ongoing.
In 2017, Dave Wood, the founder of Empower Network, announced that the company was closing due to bankruptcy. Supposedly, Wood had released a video blaming his drug addiction for making poor decisions. Many people said that Wood felt enormous pressure from trying to keep his MLM business alive. All whole providing questionable financial advice.
Empower Network attempted to create a paid alternative to WordPress. It was called Kalatu, and asked people to join for only $25 per month. However, these people were then told that the only way they could make money online was to recruit more people under their team. Allegedly, the pyramid scheme exploded, and Wood was forced to file for bankruptcy only 6 years after the company began. Shaqir was also one of the top earners of the company and was even mentioned in several press releases. Empower Network also used to be listed in Shaqir's "About Me" page before.
If you look at the Empower Network Facebook page now, there is no mention of the 2017 bankruptcy. Dave Wood even said in 2018 that he was planning on relaunching Empower Network. He even dreamt of becoming the next President of the United States.
Let me be clear that Shaqir Hussyin was only the face of these companies. He is likely not involved with the internal machinations of these businesses. What is strange, though, is that Shaqir seems to change his story throughout the years.
Looking at archived versions of his website, Shaqir claims that he was already an expert in digital marketing in 2010. His success was so extraordinary that he was offering personal one-on-one coaching to serious entrepreneurs for $2,000 a month.
That said, his "About Me" section changed again in 2020. He said that he only got his first break in 2010 as a financial advisor. This is further muddied by his claim that he entered affiliate marketing in 2009 and earned his first $10,000,000 by the age of 26. But his current website said he only made his first million in 2012 (when he was 22).
Shaqir was 26 in 2014, and company accounts from Mint Memo Ltd. (where he is a director of) at the time show that the company earned nowhere near $10,000,0000.
It is possible that the $9,000,000 deficit could have been earned as an affiliate marketer. Either through MOBE, Empower Network, or Solo Ad Agency. It's also worth mentioning that Solo Ad Agency just faded into nonexistence. Shaqir seems to have just abandoned the project and only lists Wealth Academy and Funnels.com as his only current endeavors as a business owner.
KEEP IN MIND:
MOBE and Empower Network were the two most talked about online businesses associated with Shaqir Hussyin. Still, Shaqir was also a member of several other affiliate marketing companies. This includes Carbon Copy PRO and WealthMaster International, among others. These companies were also allegedly pyramid schemes.
Is Affiliate Marketing Worth It in 2024?
Affiliate marketing is worth it in 2024 if you have effective marketing strategies to overcome the costs and risks involved. Rakuten Marketing found that 81% of brands rely on affiliate programs to expand their marketing reach. A study by VigLink found that 65% of affiliate marketers generate traffic through blogs, while 45% use social media platforms. You need to know the common beginner mistakes and know how to effectively avoid them.
Common Affiliate Marketing Mistakes
Beginners often make common mistakes in affiliate marketing. There are plenty of mistakes that come with lack of experience. AffStat revealed that 38% of affiliates fail because they promote products that don't match their audience's interest. Promoting products that don't match your audience's interest. Not tracking your results prevents you from knowing how to improve your strategies. HubSpot, marketers who track their campaigns are 1.6 times more likely to achieve their goals.
Sharing unhelpful or outdated content can reduce engagement. Using outdated SEO strategies limits visibility. A study by Backlinko found that 91% of all pages never get any organic traffic from Google, primarily due to poor SEO practices. Overlooking site speed and readability can lower user experience driving them away. Google's research indicates that 53% of mobile site visitors leave a page that takes longer than three seconds to load. Being unprepared for unexpected losses can stop your business right on the tracks.
To find success in affiliate marketing, you need to learn how to avoid these mistakes. You need to have effective strategies to minimize the risks involved. Expect the worst and be prepared to adapt to failures.
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With local lead generation, you only need to outrank a handful of sites. Affiliate marketing requires you to compete with hundreds or even thousands of others. This can make it very expensive and risky. Scaling an affiliate marketing business means increasing your marketing budget and using automation tools. You may also need to hire a team which leads to more spending and higher risks. Scaling a local lead generation is as simple as repeating the rank and rent process. There is no limit to how many sites you can have. Each site has the potential to earn $500 to $3,000 a month in sustainable income. This makes local lead generation the best business to create financial freedom.
