Review of Butterfly Reports - Real Disappointment
Mike Filsaime’s Butterfly Reports - Another Way to Lose Money!
Few months back well known marketing guru Mike Filsaime launched a new viral marketing membership site called “Butterfly Reports“. It’s a typical Butterfly membership site where you can join for free and get series of threatening up-sells. (like if you don’t upgrade your membership you’ll die by heart attack! etc)
Infact the idea behind Butterfly reports is slightly innovative. Mike would give you free viral reports which you can give away to your website visitors for free. The free report will have affiliate link to related ClickBank and PayDotCom.com products… so whenever someone buys the product through the report you’ll earn commission because it will have your affiliate link encoded.
The problem is, if you are an free member you only get 25% credit… the remaining 75% goes to Mike and his gang. But if you are an paid member (gold or platinum) you get 100% of the credit. Mike and gang were never confident of making real money with the sales made through the report. That’s the reason they urge you to upgrade your membership.
One could become platinum member by paying $247 annually; it’s $29 per month for gold members. It’s all good for the buyers if they really got something in value. Today I logged into the site (I’m free member) to see how the things are going. Currently there are about 100 reports available which you can distribute for free. Except 3-4 professionally written reports rest are pure garbages! I’m just wondering if anyone would buy some product after reading such a poor quality free reports.
Personally I’m safe because I haven’t paid $247…but what about 1000’s of others who paid 250 bucks? What about others who are paying 29 bucks each month….of course Gold members can still stop their subscription and get some relief. But more or less 1000 people paid $247… they are not getting real value for their money… LOSERS!
I still have to find a single positive response for Butterfly reports (IE feedback from people who actually made money by spreading the free reports) NOT from affiliates who are pushing the product to earn commission.
Overall Mike and his gang banged few hundred thousand dollars…see how easy it’s to make money online! 
Conclusion: Guru’s make money by HYPE…. you’ll start making money once you stop buying stuffs from the Gurus 
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Yep. Mike and company are really POS’s. I think you can figure out what the letters stand for
Real slimeballs, those guys.