No Cost Income Stream of Eric Holmlund: Heaven or Devil Sent

No Cost Income Stream of Eric Holmlund, Paul Counts and Jeff Wellman Review

By Eugenson | Negative Reviews

No Cost Income Stream Featured Image

Their Promises

Eric Holmlund, Paul Counts and Jeff Wellman are making the most unusual Internet Marketing claims I’ve ever heard. They say they can show you how to make money online without spending money. I was very curious when I stumbled upon No Cost Income Stream 2.0, which was published by Eric, Paul and Jeff. They say the old saying that “it takes money to make money” may be valid in many cases but doesn’t apply to all cases.

Not true that it takes money to make money

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They say they’ve found ways to consistently make money online without spending money. They claim the methods they use are suited for everyone, experienced internet marketers and inexperienced alike. They claim to have helped thousands of people make money online, using their no cost methods. They say they want to help you develop a sustainable online business that’ll yield you regular income for multiple years without a startup capital.

Consistently make money without spending money

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They say this product is actually version 2.0  (an updated edition) of their first No Cost Income Stream course, and comes with a number of tweaks to suit today’s Internet Marketing demands, since so much has changed after the last release. According to them, this product consists of 89 training videos revealing five proven systems of how to make money online without a startup cost.

They also claim that there’d be no domain registration costs and no website hosting costs required to get you started. Additionally, they promise to give you pointers to all the free software and other free tools you’ll need to carry out all your Internet Marketing activities, including list building. They promise to give you a detailed training on how to promote other people’s products for affiliate commissions without spending money.

No domain registration no webhosting

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They further promise to show you how to launch your own products without spending a dime, if you prefer not to promote other people’s products as an affiliate. They guarantee that the no cost product launch system they’d teach you has never been taught elsewhere. They further promise to teach you how to make some quick bucks on demand by freelancing. Heck, they also promised to reveal 16 effective free traffic-generating systems.

Methods that have never been taught elsewhere

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They claim the systems they teach are SEO proof, and that whether or not Google keeps changing its algorithm, you’ll never run out of free, targeted traffic. They assure you that everything they teach is ethical and they never get involved with unethical Internet Marketing practices like spamming and so on. They also say they’ll show you how to do video marketing

SEO proof

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They further assure you that their training videos will work on any platform or device you use, as they’re made available in MP4 and Windows Media Player formats.  Again, they promise to save you the trouble of taking lesson notes because they’ll provide you transcripts of the training in PDFs, and resource files with links to all the free tools they’ll point you to in the training, which you can reference easily when you have the need to.

In addition to all of the above, they promise to throw in bonuses such as a 14-video, graphic design, training course on how to carry out your graphic designs, using a free tool they’ll point you to, plus the resale rights to sell the training course and pocket the money.

Now, those’re a lot of larger-than-life, bogus promises. They sound like the internet marketer’s heaven on Earth. But, you’ll soon find out if the threesome are heaven sent or devil sent.

I’m Not Selling This Product

I’m not promoting No Cost Income Stream 2.0 for affiliate commissions. I’m just doing my honest bit to safeguard Internet Marketing opportunity seekers like you from losing their hard-earned money and precious time on Internet Marketing products that don’t deliver on their promises. I intend to achieve this by writing honest reviews like this one on such products while I recommend beneficial products that deliver value for my readers’ money and time.

No Cost Income Stream Featured Image

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A Summary of This Review

The publishers of No Cost Income Stream 2.0 made a lot of larger-than-normal, out-of-this-world promises, which they tried to deliver on. As a result of their efforts to deliver, this product is not entirely useless. However, how much of it they delivered is what you’re going to find out by reading the rest of this review.

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A Contradiction from the Outset

For starters, No Cost Income Stream 2.0 comes with a price tag of $37, which flies in the face of the claim on the sales video that promises to help you start a no expense Internet-based business. Then, on the introductory video, Eric Holmlund goes ahead to mention how a payment would be required to scale up your autoresponder-based email/Internet marketing business, to sustain it for the long term. On the second video, he emphasized the need to use paid promotions and tools to scale your business.

Scale with paid solutions 1

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Scale business with paid promotions

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According to Eric Holmlund, even list building will have to be maximized with paid solutions. He also states clearly that paid web hosting, which was earlier said to be not required, is highly recommended. Isn’t this the same guy who says it’s possible to, consistently, make money online without spending any money, why didn’t he say a word of scaling or maximizing anything with paid solutions before? What were he and his buddies thinking when they chose such a label for their product and made such claims on their sales page?

Income without spending money

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Web hosting eventually required

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They either underestimated the intensity of what they were promising the world of internet marketers or went all out, on purpose, to suck in folks who’re struggling financially and are desperate to find an alternative source of income online by the misleading name they chose for their product, which qualifies for unethically taking advantage of already financially disadvantaged folks, by hype. Boo!

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It’s Not All Crap

Delving further into the training, I found that much effort was put in to show entry-level newbies how to go about some of the most basic Internet Marketing activities. There was also an impressive compilation of free tools such as OpenOffice.org, ListWire.com (a free Autoresponder service) and Google Hangouts (a free webinar hosting site).

There were also CamStudio.org (a free screen recording software), MyEcoverMaker.com (a free eBook cover designing software), Wix.com (a free squeeze page setup tool), Weebly.com (a free download page creation tool), Kompozer.net (a free HTML editor) etc. These were provided to help students with their Internet Marketing activities. True, these information could be had for free elsewhere on the Internet, but the threesome did a great job assembling them in one place, for especially newbies, to access.

Some free software tools

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Some free software tools1

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There are lessons in the videos showing students how to launch their own simple, digital products from the point of niche selection to product creation. The videos also show students the basics of writing sales copies to pitch their products after creating them. Those lessons may not be the best on sales copy, but they get an entry level newbie started in the right direction.

The presenter further shows them how to recruit affiliates to promote their products. Freelancing and a list of freelance sites constitute a part of the video lessons. Every single one of the videos is very high quality and the training is very detailed and informative, especially for newbies (there’s a ton of information for newbies to benefit from).

Even experienced marketers could learn a thing or two that they didn’t know before. If you’re an experienced internet marketer, you’re probably already using some of the 16 traffic-driving methods taught in the videos, but you’ll probably get a useful hint or two on some of the ones you’re not familiar with. They’re all legit, viable and SEO-independent. The presenter did a painstakingly good job walking his audience through all the training videos.

The traffic driving methods are as follows:

  1. Video marketing, which with some creativity, can draw attention to your website
  2. Web 2.0 hubs
  3. Free blogs and websites
  4. Article marketing
  5. Facebook marketing
  6. Twitter marketing
  7. Pinterest
  8. GooglePlus
  9. RSS Submissions
  10. Forum marketing
  11. Q &A sites
  12. Press release sites
  13. Document and slide sharing sites
  14. Online classified sites
  15. Guest blogging
  16. Blog commenting

There are PDF transcripts of the training videos and resource reference files were provided for all trainees of the course.

PDF transcripts

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Bonuses End as Upsells

It’s an outrage to have upsells passed as bonuses for even programs that don’t promise to show you how to make money online without spending money. Yet, some of what you get as bonuses within the No Cost Income Stream 2.0 members’ area are upsells. No Cost Income Stream 2.0 should have been named Some Sneaky Cost Income Stream 2.0.

Upsell

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Upsell1

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Final Rating: C

The major reason folks are going to get drawn to No Cost Income Stream 2.0, published by Eric Holmlund, Paul Counts and Jeff Wellman is because of the promise of these three who claim their product will point the way to making money online without spending money.

They violated this promise by charging $37 for the product at the very onset and sneaking upsells at you in the guise of bonuses at the end of their pitch. I don’t have anything against the $37 price. But, I consider the name of the product, the unreasonably bogus claims of helping people make money online without spending a dime and the sneaky upsells most offensively deceiving.

Furthermore, they continued to make subtle sales suggestions within the body of their training, recommending paid services in very subtle ways. They failed to deliver on their promise of showing the Internet Marketing world that money could be made online without spending money. Therefore, they proved that the old saying, “it takes money to money” is indisputably true, contrary to their claim.

However, they packed a lot of value into the training for their newbie audience to benefit from. The product has a lot of potential to make its newbie users money, with minimum expense and a lot of hard work.

 

  
 
Does it deliver?
Is it easy to get help?
Contact the owner?
Step-by-step training?
Easy to follow?
Is the training thorough?
Is the training up-to-date?

No Cost Income Stream 2.0

$37
Does it deliver?
Is it easy to get help?
Contact the owner?
Step-by-step training?
Easy to follow?
Is the training thorough?
Is the training up-to-date?

Our Training

FREE
Does it deliver?
Is it easy to get help?
Contact the owner?
Step-by-step training?
Easy to follow?
Is the training thorough?
Is the training up-to-date?
Learn to Start a Profitable Online Business 100% FREE There Are No Irrelevant, Sneaky Charges with This One >>

No Cost Income Stream 2.0 must have caught your attention as it did the rest of us. Have you bought it already? Please share your experiences with the community below. You’ll be helping a ton of people doing so. Are you a beginner internet marketer who’s drawn by its potential but repelled by its underhand, overhyped presentation? Please share your worries with us. You never know what help you might get.

About the Author

Eugenson is just a regular guy, except he doesn't believe in the security of nine-to-five jobs and loves to launch out on his own, trying to realize his dreams his way and at his time. He's tried to make money online for quite some time now, purchasing product after product, and has been swindled by a lot of cyber-fraudsters masquerading as make-money-online messiahs. He has many passions, some of which include drawing, painting, writing, and watching comic movies. He's on a revenge mission to hit fiendish scammers hard by writing reviews that reveal the truth about their unethical schemes and worthless products. He hopes to stifle their online, bloodsucking businesses by forewarning their potential victims and depriving them of the payments they depend on. You can consider Eugenson a friend who's here to give you objective product reviews, helping you uncover the online vampires and discover genuine opportunities.

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