10xFactory.com describes themselves as “the #1 Slack Channel for world class entrepreneurs” who are looking for help and guidance in growing their company up to 10 times its current size.
How Does It Work?
According to their website, most business owners understand that who you know really is one of the most important aspects of making sure your business is successful. Knowing the right people can help business owners save a lot of time and money when it comes to important decision making.
10xFactory.com wants to give all business owners the opportunity to “know the right people” by creating a Slack.com channel that is made up of all business owners, many of whom are the most successful in their respective fields.
Business owners that fill out an application describing the current state of their business and their immediate business goals can be admitted to this organization, where they will have the ability to speak to successful business owners all over the world regarding the most important business decisions they will make.
Their website says that their group can help you figure out how raise money, get distribution, manage your cash flow, and hire the right people, as well as keeping you focused on the most important priorities that will really help your business.
Currently Slack mobile applications can be downloaded on the iOS and Android platforms, so that people will still have access to their channel while on the go.
This website offers no information whatsoever when it comes to costs of this organization. They do not say if they have membership fees, registration fees, entrance fees – nothing. Unfortunately this does not mean that they do not charge their members fees. Instead, it likely means that they will not bring up the issue of fees or payments until after they have reviewed your application and officially accepted you into their organization.
Because this company does not offer any information whatsoever regarding costs or fees for this organization, they also do not provide any kind of a Refund Policy nor do they have any kind of a published Terms and Conditions.
Customers who do get accepted to this group should be very careful if anything is brought up about fees or payments; they should get as much information as possible regarding official policies in regards to refunds and cancellations before they commit to any kind of a payment.
Customer Service Contact Info
Customers who would like to contact their Customer Service team with questions, concerns, or complaints can do so by submitting them directly to their website through their Contact Us link.
Interestingly, there is almost no information available on 10xFactory.com anywhere on the internet. Considering that one of the requirements of their company is that you keep everything you learn from 10x Factory secret and confidential, this may not be that surprising.
But this is an issue for people who are considering joining this group because the reality is that you just have no way of knowing what you are getting into. The website claims that they thousands of applications submitted each week, but they don’t even seem to have been mentioned in online business forums.
There is also no information whatsoever about what membership to this group might cost, or if they have any kind of sales component to their channel.
The bottom line seems to be that with so little information available about this company, it is certainly hard to recommend them to new members.
Competitors and Alternatives?
There are many other groups and programs composed of entrepreneurs and with the goal of helping other business owners meet their professional objectives, so if you feel as though this company is not right for your needs – or if you are not actually accepted – there are many other options available to you.
If you have any experience with this company or their products, please leave your 10xFactory.com reviews below.
5 ‘10xFactory.com’ Reviews
10x is in the top 5 best investment i've made in my business and myself
When I signed up for 10x, I was skeptical. I've joined a handful of business groups, and I am usually disappointed. The experience at 10x has been 100% the opposite of that from the start. Through this community, I have built relationships with high-level ceo, sales people, marketers, and folks from all kinds of industries. When I started, I was running a struggling business just getting by. Through interactions with the group, including the guys who actually put it together in the first place, I was able to turn my business around, and I am on track to make 8-figures in the next year. The people in this community are some of the most generous people I've met in the business world.
10x has indeed given me access to people running 7 8 and 9 figure businesses. By talking to them, I have leaped past hurdles I was facing and built some incredible relationships. Paired this with getting to interact and collaborate with other business owners who are at a similar level to me has been a winning combination.
One of my favorite parts of 10x is the hot seat calls we do on Fridays. They are lead by one of the founders who is a master of marketing. It's always a great time, I've not only learned a ton about my own business, but I've been able to build relationships with folks on these calls that I can help and do business with.
10x is seriously the best investment I've made in my business and I can't believe how far I've come in the last 6 months and how many new friends I've made to boot.
I hope to meet you in the group. My inbox is always open.
Has positively impacted my business
I'll be honest I was quite skeptical at first, with the lack of information out there, to know if 10x was a legit group. So I had the member review call and my questions were answered well enough that I decided to give it a shot. When I got in, I found the channels to be engaging. Clever they run it through Slack really...the platform works well. I've made solid contacts for my agency leading to new business and I've implemented two ideas shared in the group that have had direct impact on our bottom line. Definitely some smart people in there. Overall a collaborative environment to bounce around ideas and get honest feedback.
Amazing Community of Entrepreneurs
Malcolm Gladwell says that a person needs 250 people in their network in order to be a "Connector", well as a member of the 10xFactory I instantly have over 500 amazing entrepreneurs at my fingertips! I've used the contacts that I've made in the 10xFactory to help friends of mine grow their businesses by making the right connections, it makes me look like a boss in my private network.
Since joining the 10xFactory I've been shown a way to maximize sales through ecommerce so that my company doesn't need to take investment so we get to keep all of the equity. I've gotten solid advice on all aspects of my businesses from legal and accounting, to creative and branding, to ecommerce, conversion optimization, advertising and marketing, web development, and app development. Since becoming a member I've had back to back record months for sales, am launching a new product line this month, and am wrapping up negotiations on my first true 7 figure contract (short term).
Becoming a member is the absolute best thing I could have done for my entrepreneurial journey. The first month or so I was blown away by the businesses that other members were running. Before joining I don't think I even really believed it was possible to have a business doing 100K/month but after meeting people who are making far more than that every month, and to be able to ask their advice and get a glimpse of the secret sauce gave me the confidence to seek out greater opportunities and as a result I'm finalizing a contract that will bring my company $1-2mm by the end of Q1-2018. And that doesn't even account for increased sales!
On top of the great community, there are training videos on all kinds of topics that are strategies and tactics being successfully used today. The also do weekly hot seats which are awesome to watch, and I can't wait to do one (there's a waitlist)!
I absolutely love it here, it's really the only 'social' network I frequent anymore. If you're awesome and a serious action taker then you should totally join the 10xFactory. If you're not awesome, don't bother, we prefer to be surrounded by great people!
10x changed my life
Joining 10x Factory has been one of the most incredible decisions of my life.
When I joined I was skeptical at first, but then I started meeting and networking with multiple entrepreneurs around the world.
I've since made life changing decisions, increased my income, and found multiple opportunities. I feel energized, recharged and motivated being in 10x.
Highly recommend it to anyone looking to grow their business.
Would Not Recommend to Anyone
Promises a TON, but fails to deliver. I have joined but all the '7 digit, 8 digit, and even 9 digit' entrepreneurs were hardly to be found. The 2 or 3 people they post on their page are pretty much all they have in the group - the rest are making 5 to 6 income figures which is below what I'm earning now, or you are just unable to connect with them. I have messaged and tried to connect with 8 different '8 digit income entrepreneurs', but have received no message or acceptance back. As a 7 digit earner, I would think there would be some sort of mutual respect and correspondence, but no such thing.
There is no support if you have any issues as well, and when the site is down or certain aspects of the page aren't working, you have no one to turn to. You would think with the 'money they are making', they would have a functional website.
Highly dissatisfied and would not recommend to anyone. They should really restructure and/or change the layout of their business if they want to see the success here the way they claim.