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The Contrepreneur Formula Exposed: Behind The Scenes | Mike Winnet

Mike Winnet is an entrepreneur and a professional Get Rich Quick ad clicker. The people who made the real money in the gold rush weren't digging for gold, they sold shovels. Fast forward to 2019 and the new gold rush is on to discover the magic formula for passive income. Enter the contrepreneurs. Mike has spent half a million pounds on putting the claims of internet marketers to the test in a documentary, from crypto mining to property investments, stock trading to amazon affiliate sites. Today we get to go behind the scenes. Extra Stuff: Subscribe to Mike on YouTube - https://www.youtube.com/mikewinnet Follow Mike on Instagram - https://www.instagram.com/mikewinnet Watch The Contrepreneur Formula Trailer (full episode will be updated here once it's live) - https://youtu.be/ZK1z_rNrhgA Check out everything I recommend from books to products and help support the podcast at no extra cost to you by shopping through this link - https://www.amazon.co.uk/shop/modernwisdom #contrepreneur #mikewinnet #garyvee - Listen to all episodes online. Search "Modern Wisdom" on any Podcast App or click here: iTunes: https://apple.co/2MNqIgw Spotify: https://spoti.fi/2LSimPn Stitcher: https://www.stitcher.com/podcast/modern-wisdom - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: modernwisdompodcast@gmail.com

Mike WinnetguestChris Williamsonhost
Aug 28, 20191h 20mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Ex-entrepreneur exposes manipulative get‑rich‑quick gurus from inside out

  1. Former e‑learning entrepreneur Mike Winnet describes his project of spending his own money testing online “get rich quick” schemes, documenting the real results versus guru promises. None of the schemes have worked so far, leading him to dissect the common sales tactics used by “contrepreneurs” at seminars and online. He outlines a recurring formula of emotional manipulation, fake scarcity, fabricated testimonials, and endless upsells that targets vulnerable, often financially desperate people. The conversation also explores his legitimate business exit, the backlash and support his YouTube work has generated, and his call for ethical operators to step forward and be transparently tested.

IDEAS WORTH REMEMBERING

5 ideas

Most ‘get rich quick’ schemes enrich sellers, not buyers.

After investing nearly £500,000 into various passive-income programs (property, dropshipping, affiliate marketing, crypto, stocks), Winnet reports that none have delivered results anywhere close to the advertised outcomes, while the only clear winners are the course creators and event organizers.

Contrepreneurs use a predictable psychological sales script.

Across multiple events, Winnet observed almost identical sequences: hypey warm-up, emotional backstory, audience hand-raising and shaming, inflated ‘normal’ prices, huge ‘today only’ discounts, fake scarcity, and choreographed rushes to the back of the room to trigger herd behavior.

Fake authority and testimonials are central to the grift.

Gurus often establish authority via Amazon ‘bestseller’ status, staged success stories, and professional testimonial-givers who appear at multiple unrelated events; Winnet even created a blank Amazon bestseller to demonstrate how easily such signals can be gamed.

Turning customers into competitors is a flawed business model.

Many courses teach overcrowded, non-unique tactics (e.g., local property or e‑commerce strategies) to thousands of people, meaning that if they truly worked as advertised, gurus would be undermining their own supposed core businesses—implying most real profit comes from selling courses, not practicing what they preach.

Vulnerable and inexperienced people are deliberately targeted.

Events are designed to attract those unhappy with their jobs or finances, then isolate them from outside skepticism (“friends and family won’t understand this”), keep them in rooms without food breaks to induce decision fatigue, and sell high-ticket products even to teens and people without businesses or capital.

WORDS WORTH SAVING

5 quotes

A contrepreneur is someone who sells shovels to a gold rush.

Mike Winnet

Logic would state you are turning your customers into competitors, and it’s the shittest business model ever.

Mike Winnet

I’ve not wasted two years and £500,000 to make 30p a book.

Mike Winnet

If this product really did work, I’d be all for it… But the stats show maybe 1% of people are successful through these courses.

Mike Winnet

The more people that start subscribing, you get fans that love what you’re doing, but then also people that hate what you’re doing—but they still subscribe to tell you they hate what you’re doing.

Mike Winnet

Mike Winnet’s background and multimillion-pound e‑learning business exitHis experiment investing ~£500k into passive-income and guru schemesDefinition and anatomy of the “Contrepreneur Formula”Manipulative tactics at seminars: NLP, fake scarcity, and plantsAudience psychology, social media backlash, and creator burnoutThe Gary Vaynerchuk meeting and Netflix documentary ambitionRussell Brunson’s copyright strike and platform power dynamics

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