Keith Wellman has just released yet another product (the “Automated Sales Formula”) that is advertised using a lengthy sales video that you can’t fast forward.

Like several of his previous products it costs $500 and promises a lot but will it deliver?

Here’s a rundown of what Wellman promises - and what it is likely to actually be.

Wellman’s promise: “15 Completely Ready To Go Niche Sales Systems”

Likely to be: A series of readily available PLR or “resale rights” products purchased from eBay or discount wholesale resale rights websites.

When Keith offered his “VIP AutoPilot Profits Plus System”, customers were promised “a product to sell that has proven conversions” but what they actually received was an old product that was proved to be an “in the rough” info product from Nicheology.

As it turned out, Keith didn’t even have the right to distribute these products but that made no difference - the products were extremely old and available across the web for pennies. Customers weren’t realistically going to be able to sell their products when they were for sale on hundreds of other websites at a fraction of the price.

Alternatively they could be videos created by Wellman i.e. a set of 15 videos with the same set provided to each and every customer.

The effectiveness of this material will be reduced heavily when they are distributed in any quantity.

Wellman’s promise: “Simply plugin your affiliate link”

Likely to be: Instructions showing how to “cookie stuff” to avoid Clickbank vendors’ sales pages. Sounds great but it’s against Clickbank’s Terms of Service and could result in the affiliate being banned. Not a tactic you want to employ if you’re looking for an ongoing income stream (or even an income stream that actually works!).

Wellman’s promise: “super secret in house Twitter Traffic Syphon software”

Likely to be: Goodness knows what this could be but Keith claims to use it himself to drive traffic because it works “super well”.

Funny that he hasn’t posted to Twitter for almost a month! His last post was on December 8th, 2009.

Surely if this “Twitter Traffic Syphon” software worked well he would be using it more often? Especially when he says that you could be “cashing in at $100,000 per month” after using it for 100 campaigns.

If it worked that well, why tout this Automated Sales Formula product?

He’d have to sell 200 copies of this per month (400 if he’s giving 50% commission to JV partners) just to match the efforts of his autopilot Twitter software.

Remember the old saying - if it sounds too good to be true…

Wellman’s promise: “You’ll get the sold out, highly sought after, $1997 Easy Sales Formula course”

Likely to be: The Easy Sales Formula product that Wellman released in June 2009 with a price-tag of $500 or thereabouts. Whether he “sold out” or just stopped selling it is something only Keith would know.

Wellman’s promise: “This is the same system responsible for over $20,000,000 in online sales in the last 8 months alone for my students”

Likely to be: Unknown but twenty million dollars in 8 months, wow! Some of his students must have been given copies of the course in April, two months before the release date in June. Sadly there’s no way to prove that these claims are accurate or not.

Wellman’s promise: “Midnight Paycheck Recordings - [worth] $197″

Likely to be: Possibly teleseminar recordings explaining how to set up forced continuity programs attached to one-time product purchases. Much like this purchase where all customers are automatically enrolled onto an ongoing monthly commitment - until they cancel, of course.

Wellman’s promise: “2 Tickets to my like Everyday Wealth events - [worth] $997″

Likely to be: Free tickets to one of Keith’s seminars - usually held in partnership with Gary Ambrose and usually free to attend for anybody. Gary even offers tickets on the Warrior Forum: link. Not sure if these can be described as being worth almost a grand if anyone is allowed to attend, free of charge…

Wellman’s promise: “order within the next 10 minutes, you’ll get access to our Automated Traffic Software Suite”

Likely to be: No real details given but apparently it is some secret software that can give anyone “massive amounts of traffic simply and easily”. Who needs Adwords! As Keith says “It’s really that easy”. I wonder if you can use it on top of the Twitter software to create double massive amounts of traffic?

Wellman’s promise: “you need to order in the next 10 minutes in order to get the bonus traffic software”

Likely to be: … still there in two weeks.

Come back tomorrow, next Tuesday or even next month and you’ll still get the software.

Ever seen the Simpsons episode where Homer rings up to ask if they have any microphones in stock? “A couple” answers the warehouseman with them stacked up to the roof behind him.

This software is just digital dust. It’ll still be available in 10 weeks, nevermind 10 minutes. Which gives you plenty to time to do some due diligence - which is probably why you are reading this…

So, no, I won’t be buying this product.

And with a lack of any kind of guarantee, coupled with Keith Wellman’s past behaviour, the Automated Sales Formula is something I could never possibly recommend.

Keith refused to provide a series of several bonuses that he promised to give me back in 2007, you can read about that episode by following this link:

Keith Wellman of FX Marketing Inc and Everyday Wealth LLC

Also, don’t forget to check out Ripoff Report where there are dozens of complaints from Keith’s past customers:

Ripoff Report Search Results: keith wellman

Once you’re read all those complaints, check out the other post on this blog where people have been kind enough to add their comments:

Keith Wellman Product Is A Scam or Not - The Video

* UPDATE 5th January 2010, 20:20 *

Keith Wellman has just been banned from the Warrior Forum for the FOURTH time! He had created a new username called “EverydayWealth”.

Also, in the short window in which he was allowed to post before being banned he made the following comment about the guarantee that comes with the Automated Sales Formula product:

“In the video I didn’t mention a guarantee because I want people who are serious and not just going to purchase and refund. You’ll see on the order form there are terms of service at the bottom which state that the guarantee is 72 hours.”

Keith also confirmed that every customer will be given the exact same 15 videos and sites and that it is all an original creation:

“Everything in this was created from scratch by us”