Name : My Online Business Education(MOBE)
Website URL: www.mobe.com
Price : $49 + $19.95 per month + (upsells up to $29, 997)
Owner : Matt Lloyd
Overall Ranking : 15 out of 100
Formally known as My Online Business Empire, and now changed to My Own Business Education, MOBE is the brainchild of Matt LLoyd. who is the CEO and founder. He is also the creater of the famous My Top Tier Business product, which is so heavily punted within the MOBE business framework.(more about this product later on)
In a nutshell, members that join the company can earn a commission by either recruiting more members into the company or to get them to buy various products( some can be quite substantial) that are based around internet marketing.
If you are reading this, then the chances are that a family member or a friend has introduced you to it.
Is it REALLY worth your time and money to pursue further with registering with them? Within the next few minutes, things will become clearer to you on exactly what the agenda around MOBE really is.At the end you will be able to make a clearer decision whether or not to sign up with them.
Let’s get Started with the Good stuff and Bad stuff that this company offers
Pros and Cons of My Own Business Education
- Low entry Introductory Price
- Potential of meeting and liasing with new friends
- Upsells early within the program
- Lack of or no support
- Company does not honor refund policy
- Limited capacity for one to build their ‘own’ business
- No disclosure of pricing structure beforehand.
- No Free Trial
- Some Trainings are incomplete and not clearly developed.
Is the My Own Online Business Education System for Everyone ?
I must admit the name is brilliant and catchy. It actually gives one the impression, that when you sign up with these guys, you are going to be taught how to be successful in your very OWN online business.
One would expect that the concept would centre around helping you build your very own niche website ,and that you get the learning,training and tools to build an honest and sustainable online business. Sorry to say, but this is far from the truth.
⇒Check out my review of a Legit company that teaches you to build a successful website business from start to fruition, in a fun and exciting Way.⇐
Yes, you can earn money from MOBE, from selling off the high ticket priced items. The higher the price of the item, the more you can earn. Just ask yourself this question. With the instability within the economy, how easy is it to sell these highly priced products(starting off from $2,000), especially if one will not be using them?
Does this sound like a pyramid scheme to you, lets read more about the inner workings of MOBE?
How exactly does The My Own Business Education Work?
Glad you asked.
As I mentioned, there are various products within the marketplace that one can earn a commission off. This is how this system is built, with big name gurus with high priced products.. You will most likely be introduced to Matt Taylor’s My Top Tier Business(MTTB)
This is a 21-Step training program that comes in video format. It gives you a breakdown of the different marketing models that are around and explains to you the “Top Tier” which is the best for “generating a large income online.”
You will get access to a “personal LIVE COACH” who will offer you support and take you through the process.
This will cost you only $49.
Only $49, That’s it! So What is the Fuss all about?
Thanks for asking. Allow me to explain.
For $49.00, dollars you Unlock the 21days My Top Tier Business product. As you complete a step in the program, you would have to call them and they would then unlock the next step of the program for you.
It is at this stage, that you have shown to have an interest in how the program works. So it would be an opportune time to “bait” you into signing up for the higher “tier” to earn higher commissions. Remember, you signing up to these levels ensures a pay-out to that “sponsor.”
So, during the time of doing these initial steps, around Step 5 or Step 6, you will get a very convincing and friendly call from a representative of MOBE. He will tell you things like he has your best interests at heart and they want to see you succeed all the way through. All in the name of getting you to sign up for the first of many upsells.
This is a minimum investment of $2,497, which grants you the MOBE licence rights(Full program) to sell the high ticket products which can “make you a lot of money.”
The MOBE Licence rights(MLR) consists of
- MOBE Licensee Kit
- My Online Business Empire(8hrs)
- Funded Proposal(17hrs)
- Affiliate Bonus(11hrs)
- OPT Formula(14hrs)
The hours denotes the time that is needed to complete the respective training.
These products have very little substance, if any, that you could use towards setting up your own online interest. It’s more about promoting MOBE then actually investing in oneself on building a business.
By MOBE teaching some of the affiliates to tell the newcomers that its only $49, is downright deceiving and wrong.
The main purpose behind this is to prevent the prospect from getting scared and running away once they hear of the actual amounts involvled.
As you will see in the next section, investing in MOBE, can be quite a costly affair.
The many Upsells and Expenses that are associated with the My Online Business Education
As is typical with most MLM(Multi Level Marketing) companies, the membership levels and compensation plan can be complex and confusing to understand. I will try my level best to make it as simple as possible.
1.Standard Affiliate Program Fee- $19.95/mth
If you want to promote the MOBE products, then you will have to sign up as an affiliate. This is a monthly fee of $19.95.
It’s strange that you actually have to pay an affiliate fee, especially if it’s their products and services that you are promoting.
(I am an affiliate for BITCOIN, Wealthy Affiliate, Amazon and Target. I pay ZERO fees.)
2. My Top Tier Business $49- Discussed above
MOBE License Rights(Full Program). This is the MOBE Partnership that I talked about above as well.
3. Marketplace Commissions
Then you’ve got an option of earning commissions on products within the marketplace. Of course, you have to buy the rights to them first, before you can earn commissions.
You can earn 90% commission on these products below.
- $99 per month- The Vault
- $97 per month- MOBE Elite Earners
- $194 – Email Marketing Empire
- $194 – The OPT 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
You can earn 50% commission on the products below
- $1997 – 10,000 Leads in 100Days
- $ 997 – Online Income Revolution
- $ 997 – Add the Nitrous
- $ 997 – The 90 Day Challenge
Notice that the higher ticketed products attracted lower commission. This keeps getting more and more FAIR!
If you are on the MLR level, that’s the one whereby it costs you $2, 497,and you get someone else to buy into that level, you will get a commission of 50% which equates to $1250.
In addition to the MLR Tier, you have the option of buying into 3 tiers above you, they are as follows
Titanium : $9,997
Platinum : $16,667
Diamond : $29,997
As you can see, it can get quite substantial when it comes to the numbers. Promoting products within the highest tier, for instance would cost $29,997 plus a monthly fee of $299.
And to think that you started with only $49. Typical strategies adopted by illegit Multi Level Marketing compaigns. Get you in on a low price and then put you through a sales “vacuum” until you all dried out!
Does it not make sense to start up your Own online business for a small amount of $47 PER MONTH at My Number One Ranked Recommendation. What’s better, you get to check out the tools, training, support and awesome community for FREE!!! So you don’t even have to fork out that $47 initially.
Can you expect SUPPORT from Matt Lloyd and his team at MOBE?
People are trying to build an online business and they need help. How demotivating is it if a newbie does not get the help that he or she needs to go further?
This is exactly what some of the newcomers to MOBE experienced when it comes to getting support from the Mobe Team. There isn’t any. People are really left out in the dark to fend for themselves.
This is not the way to conduct a business. Especially if people are paying such premium prices, you would expect the support to be way better than average.
At the end of the day, it’s sad to see what it all boils down to.
Your Journey with MOBE
As you can see, joining the company means that you need to go out and sell. Its meeting up with circles, be it your family, friends or strangers and discussing this model to them.
So having said that you probably looking at pushing people towards the upsells rather than the products, in order to get higher commissions. People may buy into the $49 model and later come to find out that more money is needed to progress further. Confronting figures like $2,497 and $24, 997 may not go down well with a lot of people.
If you’re dealing with close family or friends, I urge you to think twice here. Sometimes, deals like this can leave a bitter taste in one’s mouth and may last for years to come.
Is it really worth it?
Is there a cheaper alternative to get an online business started?
I thought you would never ask.
You have the power to direct where your money should be spent. I will recommend to you Wealthy Affiliate. It’s truly a genuine and awesome opportunity.
Try it out for FREE!! You’ve got nothing to lose.
If you like it, then you’re in for a wonderful journey.
The membership would cost you $47 per month. If you decide to buy a domain name that would be around $14 a year. Then you need an interest, or something you passionate about to build your business around(FREE) and a Website Builder( FREE).
That’s not too bad, $61. Later on (around 4-5months down the line), you will consider an Email Auto responder, that’s around $20 per month.
The way I see it, it’s way cheaper than $2,497.
So, would you like to learn more, check out the Wealthy Affilate Review. Here is a quick comparison of the two programs. At the end of the day, the choice is ultimately yours!
My Final Opinion of My Online Business Education
I find the products extremely expensive and really don’t like the support structure of the company.
The marketing is aggressive and I would not like to have another experience of having my dear relationships with family and friends compromised as a result of trying to get them to sign up.
MOBE at a Glance
Name : My Online Business Education(MOBE)
Website URL: www.mobe.com
Price : $49 + $19.95 per month + upsells( $2.497 ,$9,997,$16,667, $29,997)
Verdict : NOT RECOMMENDEDThanks folks for joining me today. I hope that this article has helped you today. Please share with your family and friends to make sure that they are aware of these guys.
Have you had any experience with MOBE? Let me know all about it.
Look forward to hearing from you.
All of the best.