Update: Now that the site has launched, to get the video you must fill out the form about halfway down the page to get it. It’s still free, they just don’t have it on the main page anymore.

Smart Business Formula is a new site that’s opening up November 27th.

The site’s hype is that you pay a one-time fee to get access to a process that builds online income using only freely available Internet resources. The tag line is, “We promise you’ll NEVER have to pay for another How-To-Make-Money product again!”

Since the site hasn’t launched yet, I can’t do a review of it. But the site’s founders, Thomas Choo and Winston Yap, have uploaded an introductory video covering some of the basics of selling online. The video is about 20 minutes, and is great for anyone who hasn’t made anything online yet.

The video covers finding a product, identifying a target audience, and getting the word out about the product to that audience. The focus in the video is getting sales in 24 hours.

There’s also a form you can fill out to get on their announcement list for more videos and, presumably, a notification when they’ve launched.

Click here for the video.

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