Welcome to my Penny Stock Sniper review. I think it’s really awful, and here I am going to explain why I think this…
Product Name: Penny Stock Sniper
Overall Ranking: AWFUL
Owners: Jeff Avery
For those of you who prefer not to read text, you can watch my Penny Stock Sniper review as a video:
What the Penny Stock Sniper Website Claims
Okay, when you first go to the sales page for Penny Stock Sniper you will see this dramatic headline:
Sounds pretty extreme doesn’t it? And the thing to always remember is this: if it sounds too good to be true, it probably is.
You will also notice the auto-play video:
Like so many other sales videos, it puts forward the case of a revolutionary new way of making a huge amount of money.
So, what does it involve?
It’s all about investing in stocks to turn your existing money into more money. He mentions several new companies that he has recently invested in which suddenly increased in value:
- A green energy company.
- A nutritional supplement company.
- A video game publishing company.
- A company that makes homepathic medicine.
Here is a chart in the video showing how one of the stocks really took off:
Of course, we have no real way of knowing whether those figures are true or whether that chart is representative of what really happened. It’s probably made up.
But what will you actually be paying for?
Well, Jeff says that he has invented some software that spots stocks that are likely to increase in value soon. But you don’t get to use the software yourself. Instead, Jeff takes the shortlist created by the software and uses his own expert judgement to hand-pick the best one. He then announces to you that now is a great time to invest, and all you have to do is buy the stock. If his prediction is accurate, you make a huge amount of money.
Fake countdown tries to make you panic buy
As you get towards the end of watching the sales video, he pulls a sneaky trick of suddenly displaying the number of spots available. For example:
Within a very short time, this quickly counts down to 1:
Then it just stays at 1. You will never see it actually go to zero, because of course if it did, you wouldn’t buy would you. So you can be sure this number is fake. And once someone has lied to you about one thing, you must ask yourself the question: what else might they lie to me about?
A desperate attempt to lure you in!
Early on in watching the video, if you try leave the site you will be suddenly presented with this message:
If you enter in your name and email address, you will be taken to another page with the following dramatic message:
This page is basically a text version of the video on the first page. It is full of the usual sales talk to try to convince you to sign up. There are also testimonials and details of some free bonus reports. All standard sales page stuff really.
What Factors Would Indicate that it is Genuine?
- Does it sound realistic? – No. This actually sounds very risky. Of course, it is definitely possible to make a lot of money on the stock market, but you can also LOSE a lot of money!
- Does he admit it requires work? – No. He says all you need to do is wait for his message giving you the go ahead, then you buy and you make a profit.
- Does he sound genuine? – No. The sales video sounds a bit fake to me. it sounds like a typical scammy sales video.
- Can you take a look inside? – No. This perhaps doesn’t really apply because there is nothing to see, other than perhaps a look at the kind of email he would send you notifying you of a great stock to invest in.
- Is there a free trial? – No. If you want to try this, you will have to pay the money.
What Factors Would Indicate that it is a Scam?
- Is he trying to rush you? – Yes. The count-down number towards the end of the video is a fake way to try to make you panic into signing up.
- Does it sound too good to be true? – Yes. It surely cannot be this easy and risk-free to reliably make such huge sums of money.
- Does he say you’ll get rich quickly? – Yes. He makes it sound like just a few quick investments is all it will take to make you rich.
- Is he secretive about how the money is made? – No. he is totally up front that it involves investing in stocks.
- Does he claim it’s never been seen before? – Yes. He claims that his new revolutionary software, combined with his own unique approach to spotting the winners, is something you have not seen before.
- Does the video seem fake? – Yes. It would be nice to see him talk to the camera, but this just sounds like an actor reading a script.
- Does he claim it doesn’t require work? – Yes. Apparently all you need to do is wait for him to give you the signal, then you buy the stock and make a profit. It all sounds too good to be true to me.
Does Penny Stock Sniper Have Any Upsells?
First of all, what is an upsell? An upsell is when you pay for a product and then immediately get shown a “one time” offer for an additional product. This is a sneaky way to squeeze more money out of you once you have already committed to paying the first amount.
Often these types of make money online sites will have link right down the bottom called “Affiliates” which displays information for people interested in promoting it. This is often where details of any upsells are, because they want to show any potential affiliates how much money they could earn buy promoting it. Penny Stock Sniper doesn’t have that link at the bottom of the page, but a quick search on Google brought up the affiliates page.
Although I couldn’t find any mention of any upsells, I did see this:
So, let’s try to understand this for a moment:
- He’s going to give ALL the money from the sale of this product to his affiliates.
- PLUS, he’s going to give you another $50 for every person you refer, regardless of whether they actually buy.
He would quickly go out of business if he didn’t have some secret additional way to make money from this. When I took a looked at Dan Brock’s Deadbeat Super Affiliate, he was offering the same 100% commission deal to his affiliates, BUT ONLY ON THE MAIN PRODUCT, then the customer would be hit with a bunch of upsells which he would take a cut from.
I can’t prove that this is what Jeff is doing here, but he MUST be making some other money that isn’t mentioned here, otherwise he would become bankrupt in a matter of weeks!
What are Other People Saying About Penny Stock Sniper?
- Quora.com – “Jeff Avery is not registered as an investment advisor, financial analyst, or broker-dealer in any jurisdiction.”
- WorkOnlineFromHome.net – “Jeff’s going to tell you to buy something, and he’s going to make a lot of money from it when the price goes up because you bought it. It’s you that’s making money for him.”
- Highya.com – “I am down about $300 and still trying to sell his latest pick. My emails went unanswered as well as my phone calls. He definitely didn’t have me covered!”
- Affiliate-Sale.com – “Jeff Avery is nothing but another online marketing scam artist, who has taken a very tight grasp on penny stocks, and exploited its target audience.”
Conclusion: is Penny Stock Sniper a Scam?
So it turns out that Penny Stock Sniper is just another make money online scam. Investing in stocks is dangerous at the best of times, but would you trust a complete stranger to give you tips that could either win or lose you loads of money? The sales page pulls almost every scam trick in the book, and I think signing up for Penny Stock Sniper would be an extremely foolish decision.
Is There an Alternative?
Instead of chasing after “shiny objects” like this that promise you will make money quickly and easily but rarely live up to that promise, why don’t you build a great website that earns you money? If you are new to making money online, I can guide you through the process. CLICK HERE to get started
I hope you found my Penny Stock Sniper review helpful. If you have any comments or questions, please leave them below. I always answer all genuine comments.
Wishing you great success,