The Wealth Creation industry is really still in its infancy. Indeed, this is what this blog is all about. Wealth Dragons are headed up by two Asain entrepreneurs, John Lee and Vincent Wong. I don’t doubt that they are genuine but it’s definitely a case of ‘buyer beware’. If you read this article to the end you will understand why!
Wealth Dragons is actually the only (or at least the first) company that is listed, in the UK, on the stock exchange in the wealth creation sector. This might sound impressive, but people still feel the need to search for John Lee Wealth Dragons Scam or No Scam. Why is that? …
I previously attended one of John Lee’s Wealth Dragons free seminars. These are essentially just sales events where people get whipped up into a frenzy and then part with their cash to buy training and education in various methods of wealth creation.
In their own words:-
Wealth Dragons is the world’s leading promoter of events and training programmes that offer people unique tools and skills to work towards increasing their asset-based wealth and creating passive income.
These live events aren’t really worth your time. You pick up a few tips here and there, which may show some of the value of what may learn if you take up one of their rather expensive paid courses.
Many of the reviews on Wealth Dragons talk about Jon Lee’s motivational speaking skills and selling prowess and that people feel compelled to sign up to one of the paid courses, and that is exactly what I saw Jon Lee doing when I attended his free seminar.
It was a cringe-fest of live selling tactics and I suspect some fake audience members who are the first to get up from the crowd and go to the back of the room to ‘pretend’ to buy a course so that others see this and are more likely to then do the same.
This was all a big red flag to me.
Reviews & Reputation
The best way to find out if the paid courses are worth it is to research reviews and speak to Wealth Dragons directly about the content and support that is provided for the money you pay for a course.
Just a cursory search on social media turned up a rather large number of negative comments and reviews. I won’t go into the nitty-gritty but straight away that is a warning sign.
There were some positive comments & reviews but some of these were probably contrived and most likely either Wealth Dragon employees or affiliates of some kind who have a vested interest. But some of the reviews will have been genuine reviews where people have made money after taking one of their courses.
On Trust Pilot, they have 98% reviews at either ‘Excellent’ or ‘Great’. Beyond any shadow of doubt they are achieving this by asking course attendees to leave a positive review on Trustpilot.
At the time of writing there were a whole bunch of ‘reviews’ all created on the 27 JUNE basically saying “I have just done course XYZ and it was great”. That was it, no actual review just a half-hearted comment.
As stated above, this was yet another red flag for Wealth Dragons as far as I’m concerned.
How Much do the Courses Cost?
The courses offered by Wealth Dragons cover three main categories:-
- Business Building & Social Media
The other issue I have with Wealth Dragons is the cost of their courses. At the seminar I attended there were property courses ranging from £1000 to £4000 and Online Business / Social Media courses ranging from £400 to £1000.
Their website (Click Here)also used to list their courses with prices, but the prices have disappeared from the site. I wonder why.
Whilst there is value in having someone actually sit down with you and take you through things step by step, it’s also the case that the content for the courses can be found online for free or purchased for much less on Amazon.
It may be that you can pay for one of their courses and implement the course material successfully and I have no doubt that has happened. But what these companies don’t tell you about, or publish data on, is the percentage of people that have taken a course and then not made a success of it.
As I said above, if you are interested in one of their courses the best thing to do is contact them and find out about the content of the course and any after course support you might receive.
If you are just getting started then Wealthy Affiliate is one of the best platforms for building an online business. You can see my review here:-
Have you had any experience with Wealth Dragons or their courses? If so, please comment below…