Updates: MOBE has since been taken down by the FTC.
Of course, no apologies from anyone that promoted the MOBE including the famous John Chow.
What Is It MTTB + MOBE?
My Online Business Empire is a course that is supposed to teach people how to make a full-time income from the internet though MLM. Basically, you are signing up to resell the MOBE and MTTB course, as is typical with network marketing.
There are 4 main products.
- My Top Tier Business ($49/month)
- MOBE Licensing Rights ($1,997 upfront and $99/month)
- Titanium Mastermind ($8,997 upfront and $199/month)
- Platinum Mastermind ($14,997 upfront and $299/month)
TOTAL COST: $25,000
You read that right! The most expensive membership, called Platinum Mastermind, costs $15,000 upfront and an additional $300/month. Granted, it does provide a lot of valuable information along with that, but you have to ask yourself – what else could I get for $15k? For a full breakdown of the costs, we are not going to look on the sales page because that would be too honest for this type of marketer!
We need to look at the compensation plan for affiliates where the high cost of coaching and hundreds in recurring fees is used as bait to get people promoting. Don't forget, in order to make that $15k commission you need to own the $15k product, which is very common in MLM companies as an incentive to get YOU to buy more even though you're trying to sell.
What Are You Doing To Make Money?
The funny thing is that from what I can tell, it's a typical “build an email list” type offer. Build a list, promote make money products. Haven't I heard this somewhere before?
Update: Recently, Someone has also been trying to sell MOBE and MTTB under a product name called Done For You Profit System. This seems to be nothing but a domain that redirects these products. I don't know if it's an affiliate or Lloyd himself.
Remember that purchasing a membership does not automatically entitle you to thousands of dollars in income each month. In fact, it might be a considerable amount of time before you earn your first dollar – just like any other business.
In my opinion, the people that buy into MOBE are the ones that don't want to think too much about how they spend their money. They just want guaranteed results. High ticket products like this count on people's mentality of “If it's THAT expensive, it MUST get some good results”.
But are there any guarantees? Apparently there are some listed on the site, but talk to anyone that really tried to get one and they'll tell a different story:
1. You need to go through each of the 21 steps on the day it’s assigned to you.
2. If you skip a step, or do a step out of order you forfeit the guarantee.
Before You Buy:
It can be easy to blow threw a lifetime of savings in just a few clicks. Before you do, know that this is a controversial program. I receive a lot of criticism for my reviews because after a negative review I always offer a positive alternative. So before you go down that road, read the nasty comments about MTTB on the Warrior Forum (since the original publishing, the format of WF has changed and many comments were removed from that thread. Here's a new one), and slightly more positive comments about MOBE and MTTB here.
Here are a few highlights
- You have to purchase the products to promote them.
- You'll be required to travel to different seminars.
- The training teaches people how to promote MOBE products.
- The products are all high-ticket.
- Expect to be marketed to. Nothing is free. There will be upsells.
What I Liked:
You can make a ton of money from this program…if you can sell it. $15k is a hard sell, but if you can sell just 4 memberships a year that's a full time income in my book. I don't deny the profit potential of something like this, especially if you already have a list of interested parties.
- 90% commission rates for some levels of membership
- Matt personally drops into the forums on a regular basis.
- You can interact with other members.
- There are a lot of different products to sell.
What I Didn't Like:
The idea of creating an online business attracts a wide range of people. Some people are looking for location independence. Some people want to spend more time at home with kids. Some people want to be their own bosses. But I can guarantee you that most people who want to make an online business don't have cash to invest in an expensive high ticket product such as My Online Business Empire.
The products I promote here on One More Cup of Coffee are rarely more than $50/month or a few hundred bucks for a one time fee and people moan about that. Many people call me a scam artist because I don't offer everything for free. How many people are you going to find that have $15k to burn, and will believe Y-O-U, a person who is currently not making money online, that this is their ticket to wealth?
Probably not a lot.
There will always be disgruntled customers, so I try to take complaints with a grain of salt. However, when you are charging people thousands of dollars they are going to expect nothing but top notch customer service and results. Take a look at the complaints in the comment section here from REAL buyers. Here's one with a play-by-play breakdown of trying to get access to products he already purchased
Think you can sign up to try it, then get a refund? Maybe not. There have been many complaints from members who requested a refund but they either never received their refund or it took a few months to process. In fact, here's Lloyds response to some of the criticism he's received about his product
If you are going to be charging people this much money, use a little tact bro. This is typical guru behavior, ie mad because customers are unhappy that his product didn't deliver on the ridiculous marketing put together to increase clicks instead of be up front and honest about what potential members are spending their money on.
Do I rant? Yeah. But my blog is free.
No, I haven't purchased MOBE or MTTB, but I know enough about researching products in Google to see that there are a lot of unhappy customers. Maybe they truly are just complainers, but now that you know that your initial $50 purchase will put you in line to get upsold over $10k in other products with sketchy details on refunds and an unresponsive owner that tends to rant at unsatisfied customers…are you willing to put your money into this product?
If you have experience with MOBE please share your opinion below.