Name: My Online Business Education (MOBE)
Website url: www.mobe.com
Price: $49 + 19.95/mth + upsells (up to $29,997)
Business Location: Malaysia
Owner: Matt Lloyd
Recommend For: People With Substantial Budget
Price: $49 + 19.95/mth + upsells (up to $29,997)
Business Location: Malaysia
Owner: Matt Lloyd
Recommend For: People With Substantial Budget
MOBE, How to Determine if It’s For You
Is My Online Business Education
(also referred to as MOBE) a legitimate opportunity or another run of the
mill Internet scheme? I am going to help you come to the conclusion within this
review by offering you the facts and walking you through the various aspects of
the program.
You may have seen information online
where this program is referred to My Top Tier Business or My Online Business
Empire (along with a couple of domain name changes). This is because
these were the former names prior to it’s name today. They are all connected.
Within this review, I am going be
explaining exactly why many folks share a negative opinion on this
program. I am going to explore exactly what this system involves and what
Matt Lloyd and the team over at MOBE are offering to their members and how they
are building a business by offering products that cost $10,000’s.
At the end of the day, it is you
that works very hard for your money so before you invest it into any program
online, you should truly understand how something works and how much outlay of
money is involved.
The Pros vs. Cons of My Online Business Empire
Pros:
- Some good training (lots of it directed at promoting MOBE)
- High commissions (if money is your only focus, not value)
Cons:
- Too many unnecessary “upsells”and “downsells” within the system
- Poor customer support and a low level “community”
- Feels like you are buying products just so you can sell them
- Products are VERY expensive
- The system is built off of big name gurus with big lists
- Very difficult to get a refund (they make it tough)
- There is little focus on creating a “niche” business
What Exactly Do You Do As a Member of My Online Business Education?
Good question.
When you join a program like this,
you are anticipating like the name indicates, that you are going to be building
an online business with MOBE. But what does that entail?
To be completely honest, not what
you may be expecting in particular if you have been sold on the idea of the $49
top tier business 21 step program . This MOBE scheme, like many of
the MLM (Multi-Level-Marketing) programs is focused on you buying into the
program itself so that you have the “right” to promote the very same product to
others. There is no obligation to do so, but if you want to earn more
commissions, the quickest way to do so is to upgrade your membership to one of
their memberships.
These include the following tiers:
Standard Affiliate: $19.95 per month
MLR: $2,497 one time + $99 per month (inner circle)
Titanium: $9,997 + $199 per month (inner circle)
Platinum: $16,667 + $299 per month (inner circle)
Diamond: $29,997 + $299 per month (inner circle)
MLR: $2,497 one time + $99 per month (inner circle)
Titanium: $9,997 + $199 per month (inner circle)
Platinum: $16,667 + $299 per month (inner circle)
Diamond: $29,997 + $299 per month (inner circle)
The typical form of payment within
the program is done through bank wire as there are 3% additional processing
fees tacked on if you want to user your credit card to purchase.
Although it is stated that you
can build a business within any niche you like (and you probably
could), the very essence of the program and the commission structure sets you
up in a way where you are more than likely going to end up promoting MOBE.
Whether it is as a Standard $19.95 per month affiliate or through
the MOBE Marketplace or selling people on the upper tiers of the program which
range from $2,497 to $29,997 in price.
Is a $49 Product What You Are Being Sold On?
Many folks have voiced their
complaints in respect to the fact that affiliates of this program are
encouraging them to join for $49 only to realize that there are more costs
associated with the program if you want to promote the higher ticket programs.
Level 7 of the 21 step training will
indicate this in more detail if you do decide to buy the program, but as you
BUY INTO the higher membership tiers (up to $29,997 for the Diamond package)…you
will be able to promote these. You will then be taught a variety of
marketing methods, many of which are geared towards how to sell other people
into the My Online Business Education (formerly known as Empire) system.
All of the successful folks within
this program (and I wouldn’t doubt some of them are great marketers), are
making money through selling MOBE. You don’t find many people
sharingtheir wild success in the dieting niche…or within the hair loss niche,
every single success story within this program that has been arrived upon
in my research has been those selling MOBE to others.
Why? Because naturally if you
spend money on one of the upper tier mobe memberships (MLR, Titanium, Platinum,
Diamond) you are doing so in order to earn higher commissions, thus you
are investing in the system so you can promote MOBE as your main product to
others.
The initial $49 price point is very
deceiving to some.. You have bought into the program
but it is just brushing the surface in respect to the overall costs.
The My Online Business Education Membership Upsells. Ready for
the REAL Price?
Like most of the
multi-level-marketing programs in the opportunity industry, MOBE’s
product hierarchy and compensation plan can be quite confusing.
Here is a full list of the products
and an explanation of them. I know these are not promoted heavily at the
outset of the program because if they were, it might scare those folks off
that don’t have the money to invest.
$19.95/mth Standard Affiliate
Program Fee – This fee applies if you want to market most of the products
located within the MOBE Marketplace. You earn anywhere from 10%-50%
commissions. It is unusual for an affiliate program to charge you to sell their
products. Most affiliate programs are free. Charging people to
promote your products is something that is much more commonplace within
the MLM world.
$49 My Top Tier Business – This is
the most common entrance points you will hear folks chatting about online (and
that you will be “offered”). This is a 21 step program that includes a
variety of training and a “free live coach”. What happens when you join
through this entrance point, it indicates that you have “money” and upon you
being a customer, your live coach will be in touch with you in the early stages
of the training to determine how much purchasing power (how much they can sell
you) within the program.
This is usually the point where
someone is earning affiliate commissions off of your purchases and if you upgrade
to any of the higher tiers, your sponsor is going to reap commissions as a
result (along with the company, in a split commission)
$2,497 MOBE License Rights (Full
Program) -If you are interested in joining the MOBE partnership you are
going to be asked to pay the lofty sum of $2,497. This is a full license
to My Online Business Education, which essentially gives you the rights to
promote this same stuff to others. This does include some training:
- MOBE Licensee Kit
- My Online Business Empire (8 hours)
- Funded Proposal (17 hours of training)
- Affiliate Bonus (11 hours of training)
- OPT formula (14 hours of training)
- Amongst a few other modules (always being updated/added to)
If you are interested in earning
higher commissions by promoting the My Online Business Education program to
other people, you will need to pay for the license rights.
Here are just some of the products that you will earn a 90%
commission rate with if you purchase MLR Rights:
- $99 per month – The Vault
- $97 per month – MOBE Elite Earners
- $194 – Email Marketing Empire
- $194 – The OPT Formula (Outsourcing Formula)
- $291 – Affiliate Bonus Domination
- $194 – Funded Proposal
- $9.95 – IM Revolution Handbook
- $297 – MOBE Licensing Kit
- $297 – Traffic Masters Academy
- $39.95 – Instant Info Product
And that is not it…there are PLENTY
more products in this program. These are the MOBE products you will earn
50% commissions with:
- $1997 – 10,000 Leads in 100 Days
- $997 – Online Income Revolution
- $997 – The 90 Day Challenge
- $997 – Six Figure Coaching Secrets
- $997 – Add the Nitrous
- AND SEVERAL OTHERS
And then there are “services” that
you will be able to earn. These range from $97 for “Done for You Emails”
to “$19,997” for 3 days at the MOBE Studio.
Within the MOBE program, there are
currently 7 different products that you can earn 90% commissions on (if you at
minimum the MLR program which is $2,497) and several higher ticket products
that you earn 50% . You can also earn 50% commissions selling MLR to
others, total of $1,250.
**There is one loophole in which you
can become part of the next tier without paying. If you generate 5
“commissionless” sales at a particular tier directly above you. If you
wanted to become MLR for example, you would have to forgo five $1,250
commissions (totalling $$6,250). Otherwise you are required to pay for
the tier above you in order to be able to earn commissions within that tier.
Then there are 3 Upper Tiers:
Titanium: $9,997
Platinum: $16,667
Diamond: $29,997
Platinum: $16,667
Diamond: $29,997
These offer you what the MLR tier
offers you plus the ability to earn commissions within the respective tier you
upgrade to. If you want to earn commissions on Diamond upgrades, then you
will need to be a Diamond member.
When all is said and done, if
you were to purchase all of these products you would have to spend $29,997 +
$299 per month for the privilege to promote the highest tier membership (and
associate products) to others.
Or you could put a down payment
on a house for this same amount.
You are also expected to travel to
and attend conferences and meet-ups, which can easily lead to $1,000’s more of
expenditures.
Not exactly what most folks
bargained for when they joined the $49, 21 step program.
This is a very common marketing
approach. Target people with a low price/entry point on the
front end making you believe you get everything you need, when in reality there
is the not-so-subtle expectation that you will be investing much MUCH more once
you get inside and you are put through their highly refined sales process.
If you don’t have decent sized
budget and you don’t feel like selling the same high ticket products/services
to other folks, then this may not be the program for you. If you want to
pay lots of money for the privilege of making high commissions then this
program may be for you.
Can You Get Support From Matt? How Responsive is Their
Support Team?
Instead of speculating (which I
am not a fan of), I will give you the straight proof directly from the founder
himself.
See the founder of My Online Business
Education response to to complaints about poor support within their
system.
Matt Lloyd Said It Best on
Warriorforum.com
I suppose this sort of honesty can
definitely be respected these days, but on the same token, if you join
something you expect a high level of support, in particular when you are
spending $1,000’s of your hard earned money. They have increased their
support team in the past few years and now offer more dedicated support than
they did, so things have improved.
One thing that you might find a
little confusing though is where the community is located.
Instead of MOBE having a community
of help within their actual back office where you can get help from your
sponsors/members, you will find everyone hanging out on Facebook within their
group or offering support through Facebook PM’s (assuming you have upgraded to
a higher level, aka playing nice).
If you want to pay more for their
dedicated support, then you can do so. But if you are a $49, 21
step program customer you are not going to get the personalized support you
need as your free coach will give you more of a “meet and greet” experience
showing your options within the program.
Here is an example screenshot of the
Facebook group that is run by MOBE:
A Group on Facebook.com is FREE to
create. Where’s the value?
When you invest a considerable
amount of money, you should expect to get unbelievable, high quality and expert
support. Just make sure that you always ask and query a company before
paying them money what type of support they are going to be offering you, how
it will be delivered and are the people giving it qualified to give it (have
the been in the trenches).
This is where you might be able
to find Matt Lloyd on occasion if you ever do need help and there is also
going to be help and interactive elements if you do spend the money to upgrade
and travel to the live events.
Deep Pockets, Requires Even DEEPER Ones to Recoup Your Costs
At the end of the day, MOBE is
a program you buy into, giving you the rights to promote the program to
others. The more products you buy and the more you spend, the more you
can promote.
Whether you believe this is the type
of organization you want to get involved with is up to you. Chances are
you have come to this page because someone is promoting MOBE to you. The
reason they are promoting MOBE to you in the first place is because they get
commissions (typically 50-90%) if you end up joining this program, rather than
actually selling you training, they might be selling you into the “idea”
of success.
Your goal once you get involved in
the program is likely going to be to sell the system to others and push
them towards the higher ticket upsells so you earn more commissions, or you
will be able to sacrifice a % of your commissions and have the MOBE sales team
get people to buy more stuff (which might make life easier).
You refer people to this system
(often times your friends/family/social network) and the engine behind MOBE
will take care of the upsells. People buy in for $49 and
will realize they are going to have spend more though very
quickly. These pricing upgrades are going to range from $2,497
to $29,997 for the Business Affiliate Membership Fees (with the exclusion of
the $19.95 Standard Affiliate Program).
Are There More Cost Efficient Ways to Start a Business?
At the end of the day you are in control
of your online/offline purchases, but if you are looking to invest into a
business all websites should be completely transparent with you about the very
“low” cost to entry to start a business online.
First, you can get started for free.
There is great deal of information and platforms out there that can help
get started online which are completely free…and this includes everything from
your websites, your hosting, your training, your mentorship, etc.
Second, to buy the services required
to run a business online is very low…even if you are going to be purchasing
quality, industry reputable services.
To give you a breakdown on the
“high” end of what it should cost to start a business online, here is some
info:
- Hosting: $25-50 for quality hosting (WP Engine, SiteRubix.com)
- Email Autoresponder: $20 per month (Aweber.com)
- Domain: $15 per year (Namecheap.com)
- Website Builder: FREE (SiteRubix.com, Weebly.com)
- A Passion/Interest: FREE (you decide!)
So for $45-70 per month, you can be
operating a successful business in ANY niche you want. You can be
building your own brand, you can be building a successful business, and you can
be utilizing the TOP services in the industry for under $70 per month.
Everything included.
This is a big difference from
$29,997 membership cost + $299 per month in the Diamond tier of MOBE.
If you have someone promoting the
$49 program, there is nothing wrong with inquiring about the other potentials
costs of the program/business. The program is MUCH MORE involved than
just the 21 step program (which is the most common entrance point being
promoted to folks).
Want to Take a Passion and Create a Business? See How it
Works!
My Final Product Overview for MOBE
Name: My Online Business Education (MOBE)
Website url: www.mobe.com
Price: $49 + 19.95/mth + upsells ($2,497, $9,997, $16,667, & $29,997)
Owner: Matt Lloyd
Overall Rank: Doesn’t Meet Criteria
VERDICT: VERY EXPENSIVE, aggressive marketing, expensive, limited support unless you have lots of money to spend.
Website url: www.mobe.com
Price: $49 + 19.95/mth + upsells ($2,497, $9,997, $16,667, & $29,997)
Owner: Matt Lloyd
Overall Rank: Doesn’t Meet Criteria
VERDICT: VERY EXPENSIVE, aggressive marketing, expensive, limited support unless you have lots of money to spend.
If you have any questions or comments or you
would like to offer your own personal review or feedback of MOBE (formerly My
Online Business Empire, now My Online Business Education), please share your
thoughts within the comment form at the very bottom of this page.