Today in my MOBE review I will take a look at this internet marketing company which goes by the name “My Online Business Education” and go over what its about and why some are calling it a scam. I will give an outsiders view of the pros and cons. Also what the cost is to be successful with this business opportunity. Can you make money as an affiliate and knock down the big commissions as promised?
Make sure you read through to the end of this post, because with so many reviews on the web it is hard to get an honest opinion. So I will keep it simple and the to the point about this opportunity.
I think there will be a trend where we see more of these types of programs teaching how to make money online with big ticket paydays.
Currently one such company that is a competitor is Digital Altitude who has a similar program and is also one of the highest paying affiliate programs on the internet.
Lets get started…
MOBE Review – The Company
The company came on the scene back in 2011 under a different name “My Online Business Empire”. A few years later the name was changed to “My Online Business Education”.
By puting “education” in the name, they probably figured it would sound more legit.
The guy behind the company is Matt Lloyd and below is a short video where Matt talks about himself and the company.
OK, now that you have an idea of who Matt LLoyd is and his vision for the company lets look at this business opportunity and see if it works for you.
What is MOBE About
When your starting out and you have visions of being a successful entrepreneur, your quickly faced with the fact that there are millions of other people with the same dream. According to an article by Babson College, roughly 25 million people are chasing the dream within the last couple of years.
Everyday competition grows as more and more people set out to make money online and create a lifestyle that meets their needs.
My Online Business Education System
Now imagine being able to get all the tools and knowledge to build an online business in one place.
Each stage of the process laid out, so that there is no guessing or time wasted trying to put the piece together. That is what the MOBE course was designed to do.
- Start your business
- Scale your business
- Grow your wealth
Once you become a member there is access to videos, online courses, coaches, live events and masterminds that can help guide you.
New products are continually being added that teach not only how to start and run online businesses, but also offline business.
Is MOBE MLM
There seems to be some confusion regarding the company and its business model. Many people are calling it a MLM (multi-level marketing) company.
The fact is that it is a two tiered affiliate program.
As an affiliate you would get paid for the products that you directly sell as well as earn a percentage of the sales of people that you refer to the program. You can learn more about MLM vs affiliate marketing here.
What Are The MOBE Business Products
There are a main set of 5 products that make up the My Online Business Education course and consist of Silver, Gold, Titanium, Platinum and Diamond Masterclasses.
As you go from the Silver Masterclass to the Diamond Masterclass the benefits increase and additional features are added.
- Silver Masterclass cost $2,497 – How To Build A Strong Foundation For Your Business
- Gold Masterclass cost $4,997 – How to Create a Customer Acquisition Process That Consistently Generates Sales For Your Business
- Titanium Mastermind cost $8,997 – How to Scale Your Business to 7-Figures (and Beyond) and Break Through Successive Revenue Ceilings
- Platinum Mastermind cost $14,997 – How to Achieve Lasting Wealth Through Passive Investments & Asset Protection Strategies
- Diamond Mastermind cost $29,997 – How to Sell Your Business for the Biggest Payday of Your Life
There are other additional courses and services that can purchased as well. Some with additional monthly costs.
On the surface these prices look expensive and they are. If you had to actually go and find a mentor or get educated on these different topics, chances are that the costs would cost less than what you would spend here.
How Much Does MOBE Cost To Join
If you have considered joining My Online Business Education you will find that the cost to join is relatively inexpensive.
You can start for just $49 dollars with a monthly fee of $19.95.
Then you will be assigned a coach who makes contact and does an interview to find out some background information.
21 Steps Training Program Known As MTTB ( My Top Tier Business )
You will begin the 21 Steps Training program called MTTB which is short for “My Top Tier Business”. The company claims a better success for those that make it through the 21 Steps Program.
In order to beat the average and get above-average results with the MOBE program, you’ve got to finish the 21 steps.
Your In The Sales Funnel Now
Now that you have started the training and are making it through the steps, your being taught about the core products that were discussed earlier.
The price ranges for the masterclass products were $2,497 to $29,997 for a refresher.
In order to get access to the 21 Steps program, you will have a coach that works with you and unlocks the different levels. You can’t just join and go through it without the coach.
Once you hit certain steps, your coach is going to try and get you to buy into the Silver Masterclass product at $2,497.
Some people have reported that their coaches wouldn’t let them progress to the next steps without buying into the Silver Masterclass first.
That’s probably why you see a lot of people calling the MTTB System a scam. They weren’t expecting to get hit with these upsells.
The coaches do earn commissions when they get members to upgrade, so there is the possibility of a rogue coach trying to pump up his income using high pressure sales. The thing is that you do not need to buy into the expensive products to go through the 21 Step program.
Compensation Plan – How Much Money Can You Make
As with any affiliate program you might get involved with, there is no guarantee that you will make any money with it. So with that being said lets dive into what this affiliate opportunity offers.
You have probably seen some of the affiliates showing commissions that can be made in the thousands and this true. That is one advantage of promoting the MOBE high paying affiliate program.
There are the 5 core products and hundreds of other products that you can earn from.
- Products $500 or less can pay up to 90% commission
- Products $500 or more can pay up to 50% commission
Examples Of Compensation As An Affiliate
When you become a MOBE affiliate, your billed $49 one time fee plus $19.95 monthly. As an affiliate you can now promote the opportunity to others and if you get them to sign up you would receive a $24.50 commission.
$49 – 50% = $24.50 your commission
Big Compensation On The Core Products
Remember those expensive 5 core products talked about earlier. Well affiliates will earn 50% commission on those as well as the example shows below:
- Silver Masterclass $2,497 – 50% = $1,250 your commission
- Gold Masterclass – $4.997 – 50% = $2,500 your commission
- Titanium Mastermind – $8,997 – 50% = $3,300 your commission
- Platinum Mastermind – $14,997 – 50% = $5,500 your commission
- Diamond Mastermind – $29,997 – 50% = $10,000 your commission
Now your looking at those commissions and thinking “hell ya” that’s what I’m talking about.
Before you get too excited, you should know that you can only get paid up to the level that you bought into. So, if you joined and bought into the Silver Masterclass at $2,497 then you would be able to earn commissions on that level.
If someone you refer ends up buying into the Gold Masterclass or higher, you would not earn the commissions for those levels.
How To Make Money With The Affiliate Program
You won’t make any real money with this program unless you make use of landing pages and have the ability to drive traffic to the landing page.
If you plan to make money with MOBE, then there are a few different ways that would work.
1. Paid Advertising
Its all a numbers game, so trying different paid advertising methods such as Facebook Ads and Google Adsense are going to be the best way to go.
Expect to lose some money in the beginning until you can figure out the conversions and which paid method works the best.
2. Email List
If you already have an email list, then you could send out a blast and direct them to your landing page. You could also buy solo ads and capture emails which could later be used to promote MOBE.
If you currently have a blog within the money making niche that has good traffic, these will be the least expensive way to go. Hopefully you have an email list of people that follow your blog as well that could be used.
If you have a blog with very little traffic, then it would probably be a waste of time using that as your only way to promote the MOBE Business Opportunity.
Of course all of this is taught in the My Online Business Education system, but it does come at a price.
What Are The Pros and Cons
So lets recap what is good and bad about the MOBE affiliate program. See if it fits what your looking for when it comes to learning how to make money online.
First lets take a look at the good stuff
- Coaches to help
- Big commissions
- Systems in place
- Many products to sell
Now for a look at the not so good stuff
- Coaches are commission based (conflict of interest)
- Affiliates can only earn commissions on levels they bought into
- Will need to use paid methods to drive enough traffic to the offer
- Newbies could lose a lot of money trying to make it work
Who Should Become A MOBE Affiliate
There is no doubt that you can make a lot of money if you join the affiliate program and buy into the higher levels of Masterclass and Mastermind.
One of their biggest affiliates is John Chow and he makes it clear that he knocks down six figures per year as an affiliate. For him it easy work because he has figured out how to sell people on the idea of becoming successful.
So who it for?
If you have the money to pay into the Masterclass and Mastermind levels of the program, then that’s a start. There will be monthly fees as well that will range from $20 to $100’s per month depending on what you sign up for.
Then in order to make any money, you will need a monthly advertising budget to at least get started which will be $100’s per month.
If you plan to make money with this program, then your going to need to spend money. If your on a tight budget and can only scrap together $49 to get started, then your going to be disappointed.
With that being said, in my opinion this opportunity is best suited for established internet marketers or newbies that can afford to lose thousands of dollars if things don’t work out.
Everybody dreams of the big paydays that come with $1000 plus commissions. High paying affiliate programs offer these types of payouts, but newbie beware.
If I had to guess, I would say the majority of people that sign up to the MOBE affiliate program never make it past the $49 MTTB training and a small percentage only make it to the Silver Masterclass.
Do you have $1000’s to see if you can make it?
I didn’t think so. Don’t worry though you don’t have to spend thousands to learn how to make money online.
I learned from a 10 year old company that has taught thousands of people how to start their own business and best of all it is free to get started check it out!
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