My Online Business Empire Reviews- SCAM!
My Online Business Empire (MOBE) and My Top Tier Business (MTTB) owned by Matt Lloyd.
Just like similar affiliate program scams, Matt Lloyd created a NAME (My Online Business Empire) instead of a PRODUCT. You buy the NAME (MOBE), Rights, Training Material and marketing Tools to resell the NAME to others. Your down-line sells the same to others and the pyramid grows until there are more sellers than buyers.
Once there are more sellers than buyers, the pyramid collapses. l know you are thinking, there are millions of people who want to make money online so the MOBE market will never saturate.
The very reason why even well known Pyramid or Ponzi Schemes such as Herbal Life refuse to be associated with such programs.
Pyramids or Ponzi Schemes just like Empower Network, are selling an OPPORTUNITY and TOOLS to market the opportunity to others.
What is good about My Online Business Empire?
- Like any pyramid scheme the commissions are quite high (positively related to up-sells you purchase) a bait for those with a ‘get rich quick’ mentality.
- Some of the training high up the ladder is reasonable.
- The high sales funnel quickly eliminates any one whose account is not fat enough to support the scheme leaving a few dedicated to it.
Why l will never join My Online Business Empire?
- MOBE like any other Multi-Level Marketing (MLM) company thrives on up-sells to down lines to support the pyramid (there are complaints by members who lost over $20 000).
- There are morality and ethical issues as affiliates desperately try to sell ‘products’ to recoup their costs.
- Studies have consistently demonstrated that MLMs only benefit those at the top and it will eventually collapse – without exception!
- Almost non-existent support after joining.
- It has no viable online business model because there is no tangible product to sell.
- It is based on buying and re-selling over-priced self promoting products.
- You need big lists of subscribers to sell the products to.
- There is no trial period least you realize that you are buying scam on time before the gurus get their share.
- It is a total scam based on buying in to big industry names.
- You sign a sales contract with lots of inconsistencies when compared to what’s in their introductory book (IM Revolution Book) or sales letters.
Once you join the MOBE e-mail list you are bombarded with up-sell offers. - MOBE costs are exorbitant and what’s your role is not clear from the videos.
- The program is ostensibly said to be for Free…. what about the $49 sign in fee?
- It is difficult to get a refund because you must show that you implemented all that you were taught mostly paid advertising.
- MOBE takes 100% commission if you sell products above your category i.e. if you sell high value Platinum products when you are a Licensee, you don’t get a cent.
- Matt and his partners have failed to provide a functional website to access what you have paid for (hopefully the promised website will allow you to access what one paid for).
- My Online Business Empire has been red flagged in most reviews online.
- A My Online Business Empire without a functional website online…. contactable only on a social platform….. what a BIG JOKE. We are still to see if the ‘new website’ will deliver the goods.
Who is MOBE for?
- Well it’s basically a replica of Empower Network scheme, only that it is on the high end of the continuum – obviously not for a newbie.
- It is for those without morals or ethics and are prepared to dupe or suck in others at any cost.
- Those who think they will make money on MOBE by selling its products forgetting that they are the ones ready to be plucked or they are all Matt’s customers.
What Exactly Do You Do As a Member of My Online Business Empire?
MOBE is a MLM (Multi-Level-Marketing) where you buy as many products as possible in anticipation of selling them to others thereby creating a down-line below you. The catch is you only get commissions consistent with your membership category . The levels start from the basic Licensee, Titanium, and then Platinum with more expensive up sells as you go high up the ladder.
How do you create an ethical online business empire by buying expensive products for re-selling to other unsuspecting people down the line?
The answer is a big NOPE! If you search in Google for ‘My Online Business Empire’ you will see that websites promoting this scam do not RANK for their own product. The training, like other (pyramid) scams focuses on building email lists and then privately exploit the trust built in you by your subscribers. Emails send to thousand people by an auto-reponder claiming to be only to YOU and offering YOU bait to swim towards the deep end of an Olympic sized swimming pool.
You do not learn how to develop an online business model, build diverse income multi-streams or promote your website to get organic traffic. You must buy MOBE, sell MOBE, eat MOBE and sleep MOBE. If the My Online Business Empire systems collapses that is the end of it all, you can compare it with established Online Business Models explained in the video.
Like similar online scams you pay the initial $49 just for the name MOBE because it will not allow you any access any tangible product – its just a to get you ripe for scamming. It is only to allow you access to The My Online Business Empire Upsells, it’s all about squeezing money out of your account to the maximum in the shortest period once you are inside the scamming area.
Now that you have bought the NAME MOBE it’s time to buy License Rights for the full program for $1997.00. Knowing that no-one can part with such an amount easily, your are allowed to pay in four equal installments.
Once you purchase the full License of MOBE RIGHTS it’s time to sell the two to others.
The more products you buy, the more you can sell to others (no matter how useless they are to you).
Here is a list of My Online Business Empire products.
You can buy and resell these to others and earn the tempting 90% commission. The reason why MOBE commission on these products is so high is apparent – they are of low value and they easily lure the gullible . Matt Lloyd obviously recoups his money from;
- high value sales you make that are above your own category.
- when you use the money to buy high valued products up the ladder.
- through a calculated 40% reduction in commissions on high valued products.
As you can see from this list you will be only buying names, status, traditional marketing ideas and a heap of other junk.
MOBE 90% Commission Low Value Products;
- Inner Circle Membership $97 per month.
- MOBE Elite Earners $97 per month.
- Done For You Emails $97 per month.
- My Email Marketing Empire $194.
- OPT Formula(Outsourcing Formula) $194.
- Affiliate Bonus Domination $291.
- Funded Proposal $194.
- IM Revolution Handbook $9.95
MOBE 50% Commission High Value Products;
- 10,000 Leads in 100 Days $1997.
- Income Revolution 194-+194+ $997.
- The 90 Day Challenge $997.
- Six Figure Coaching Secrets $997.
- Add the Nitrous $997.
- Diamond Coaching Program ($1,200 commission) $4,997.
- Titanium Mastermind $8,997
An African proverb says ‘Let those who choose to close their eyes be trampled upon‘.
I chose not to close my eyes. Having someone milking my account of $310 a month on top of a whooping $23,855.95 in once off payments is a SERIOUS JOKE.
Think of how else you can invest that amount and create a realistic and profitable business empire.
Are you going to find two clients with the capacity to fork out $23,855.95 for you to recoup your investment? Remember most people trying to make a money online are not willing or can not raise such a amounts.
Additional MOBE costs;
You can also attend overpriced seminars presented by MOBE selfies.
Since MOBE is not based on a viable online business model, you will have to fork out additional money to sell your products to recoup your money.You will buy Solo Ads, Facebook Ads, Media banners or do Ad Swaps with others.
All the products include incentives to increase your effort to make passive income for Matt and his partners. There no need to re-invent the wheel, there can never be a marketing method exclusive to Matt Lloyd. This reminds me of Neil Patel’s Quick Sprout University where you learn how to abuse people’s trust by selling healthy people bottled oxygen.
My Online Business Empire Customer Support.
MOBE support is not up to scratch. You can read Matt Lloyd support’s response on the Mobe Warrior’s forum thread.
What? When l am paying $310/month and had parted with $24 000 plus the 50% commissions l am making for you. I expect 24/7 caring and professional support.
If you expect any support from MOBE then you better register on Facebook and get in touch with Matt Lloyd.
SO My Online Business Empire (MOBE) offering support on a Facebook a SOCIAL NETWORK???? This is not surprising because MOBE was struggling to put up a functional website.
l always visit websites of programs l reviewed to remain up-to-dated and l deliberately subscribe to their email lists. Matt Lloyd is promising to build a staff of the art My Online Business Empire new offices in Malysia and is on a recruitment overdrive according to MOBE website.
Whether this is a public relations drive through open source videos remains to be seen. The video is likely to be a permanent feature on the website.
There you are, a typical online pyramid scam; buy THE NAME, buy selling RIGHTS and RESELL them using a plethora of traditional tools to promote the same. Sell them to the next person through deception and get money to share with the owner. Get bonuses if you bring more sheep for slaughter than others.
Some of My Online Business Empire Members.
Linda my online business empire.
Marlon my online business empire.
Coach 1, 2, 3, 4, 5, 6 & 7 at My Online Business Empire.
1- Fundamentals – Matt Lloyd
2- Pay Per Click – Adam Holland
3- YouTube Marketing – Terry Lamb, Scott Smith and Carolina Millan
4- My Online Business Empire Solo Ads Marketing – Shaqir Huusyin
5- Banner Ad Marketing – David Gilks
6- Blogging Secrets – John Chow
7- Market Traffic – Warm market Traffic with Ernest Lim
How to Get a Refund From My Online Business Empire?
- send a ticket to the support staff if the website is functioning.
- join the group on Facebook and send a PM to Matt himself.
- if nothing works report the issue to regulatory authorities such as (www.truste.com) and (www.bbbonline.com).
- contact your bank to stop online auto payments to MOBE or order a new VISA card to prevent further losses.
- inform your bank to in writing to warn its clients that MOBE payments are to a Scam before they transfer money … I for one was saved by a warning from my bank.
Good luck with your refund.
No Matter How Successful a MLM is, it Will Eventually Meet the Inevitable fate – COLLAPSE!
Admittedly, the review has a personal bias because l hate any mlm, pyramid schemes or Ponzi Schemes. Compare this SCAM to avertscams.com’s recommended best free affiliate marketing program on internet.
Let’s hear your experience with MOBE in the comment box below.
Wow, talk about a detailed review 🙂
And I gotta agree with what you’ve said here, MOBE is not something people should consider. I am actually surprised this company hasn’t been sued for millions of dollars yet!
Thank you Alex for stopping by and leaving words of encouragement. These guys are difficult to sue because they have formed an alliance and they pull together funds to defend their Ponzi schemes. After all, they do not sell any ‘products’ and hardly incur any overheads which means they can easily spare millions to defend themselves. Thats is why l love my Wealthy Affiliate, reviewed Here.
I just got finished with the 21 steps a few days ago. I only paid $49.00 for the application fee because I wasn’t going to get scammed out of the thousands of dollars they try to up sell you with in the 21 steps. As of right now buying the 21 steps is a waste of $49 because the steps teach you nothing about building a business but in fact just try to upsell and get more money from you. I have the rights to sell the 21 steps to people but you have to pay for ads and you can’t pay the ads back with $25 commissions from selling the 21 steps. And in the last few days I haven’t been able to find anyone who is remotely interested in it. I just want a refund haha
Thank you Jack for helping others avoid being scammed by MOBE. I am sorry that you lost your money when you purchased the useless 21 steps. However, l am happy that you quickly realized that MOBE was a scam and refused to fall for up sells. When you purchase the hyped 21 steps you really think that other people will not resist the offer, only to realize that it’s like you are selling a skunk…. lol. The worst thing would be selling MOBE to your friends who will turn on you after failing to sell the program to anyone. Good lucky with the refund and lets meet inside Wealthy Affiliate.
went to a workshop yesterday in singapore, smelt a rat straight away when they were all dressed like " the men in black" no one would give there full names or hand out business cards, quite strange for such a professional business. within 20 mins the speaker was pumping financial education and how singaporeans could get grants to pay for the 3 day course. People were leaving the meeting room only for the speaker called Russell to quote " look at the losers going back to there JOBS. I was asked to sign up and made an excuse I could bot pay the USD 997 as my card was maxed out. The salesman then said can you phone your bank and get a loan or call a friend to pay for a course on 22/23/24 jan, hell no i replied, done some research today and seen loads of comments, glad I sniffed the rat first
Take care and beware
Phew! That was close Fred. Now they are sending letters to hosting companies instructing them to pull down websites with negative reviews. l had to take this review several times after receiving such threats. They are so desparate to make you make the initial payment which they know they will not refund. Now Solo ad sellers are refusing to promote MOBE for fear of loosing people on their lists the moment they realise that it is a scam. You can really do a lot with $25 000 than purchase rights in the hope that others will do the same. Thank you for sharing your experience and warning others to stay away from this endless funnel.
My story with Mobe starts when an acquaintance mention this business in his facebook, I checked the link and looks fishy everywhere, but as I know him (actually I worked for him a few years) I trusted him.
I look for reviews, I found several saying it’s a scam and several saying it’s not… but I couldn’t find any negative review from someone who bought the license, so I bought it.
This is what happens…
First, Mobe has a warranty, if you are not satisfied and make at least $1.000 after completing the 21 steps within 30 days, they will give you $500 back, but the step 6 requires buy a $2.497 license that makes you a Mobe Licence Affiliate and gives you access to the real commissions.
When you purchase the license a coach is assigned to you and he contacts you daily, unblocking the steps by 1 or 2 every day.
Also, there is a 1 year warranty for the license… After you pay the license, you receive the contract with a disclosure agreement and you realize the condition for the 1 year warranty requires you to prove have been promoting at least in 3 different methods the products during 12 months.
After the purchase, you have access to the commission chart, where you learn you have to upgrade your account to Titanium in order to get the $3.300 commissions , upgrade again to Platinum to get the $5.500 and of course, upgrade again to Diamond to get the $10.000 commissions.
The upgrades costs are: Titanium $9.999, Platinum $15.999 And Diamond $29.999
When I was hesitant about it, my sponsor (the person who introduced me to this program) told me the license can be purchased later, is not relevant. So I got in with the $49. After that, my coach told me if I don’t get the license I’ll waste my time and energy because is too hard to make money in this way and the commissions are practically none. So he was honest and told me to get the license when I get the money and he’ll help me get my first 2 licenses to recover the money. (That never happened).
Believing in my sponsor, I got the license and a second coach was assigned a more “experienced” one. This guy pushes me to buy the Titanium upgrade, I told him I did not have the money for that and he insist with new options every time I said no, saying I could pay it with several credit cards, ask for a loan in the bank, a loan with friends or family, sell my car. I told him the money for the license was more than enough and when I see some revenue I’ll think in reinvesting. He got upset, told me without the upgrade is a waste of time in the program and ignored me since then.
Also, after the purchase you start to realize all the products you think you can sell, like the Masterminds, are ONLY for MOBE promoters…so, what we have left for make money (other than incorporate more people)???
At least in Canada, Pyramidal scheme are illegal, but Mobe insist they are not pyramidal and the last answer that takes 4 month and several emails, messages, etc. was:
“MOBE sells business training programs, with a special emphasis on internet marketing. The business model is such that customers purchase various training materials, masterminds, classes, etc. and MOBE provides those training programs.
MOBE also has an affiliate program for those who wish to refer interested business owners to MOBE’s training. MOBE will pay a commission for any sales made. There are no incentives simply for recruiting.
I believe your reading of the law is inaccurate.
MOBE complies with all laws in the jurisdictions in which it does business.”
In the government web page you can find this:
Pyramid Selling Is a Criminal Offence
A scheme of pyramid selling focuses primarily on generating profits by recruiting others and not from the sale of products. These schemes may offer products; however, the products may have very little value or the plan may offer limited incentives for their sale.
Definition of a Scheme of Pyramid Selling
Section 55.1 of the Act defines a “scheme of pyramid selling” as an MLM plan with one or more of the following features:
• requires a payment for the right to receive compensation for recruiting others into the MLM plan (compensation for recruitment);
• requires purchases as a condition of participation (purchase requirement), other than a specified amount of product at the seller’s cost for the purpose of facilitating sales;
• lacks a buy‑back guarantee on reasonable commercial terms or participants are not informed about the guarantee.
It is a criminal offence to establish, operate, advertise or promote a scheme of pyramid selling.
(http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/03799.html)
The 3 features mentioned above are in Mobe, you require buy the program, next the license and the warranty is very tricky.
If they are so good why is a problem a refund when you are not interested in promoting their products?
I know I was naïve and dumb in buy this, and of course, broke and in debt (I’m a stay at home mom in a very difficult economy) but also I have values and I can’t incorporate anyone else to this and if my experience can help others to not get in the loop, I’m happy to share my story.
Thank you Nunki for sharing your bad experience with MOBE. My heart bleeds when l read such heartbreaking stories yet those at the top keep on misleading people to join their down-lines. It was not your fault that you joined MOBE, the person who knew the truth but sucked you in is the one to blame. When you quit you realize that you bought a name and rented tools to promote it which unfortunately you can not take with you or use for anything else. They are also aggressive in protecting their business, l had to edit this review after MOBE had instructed my hosting company to take down my website. They don’t want the truth to be told. For you to qualify for a refund you need to prove that your spend a fortune advertising the ‘opportunity’ through FB, Solo Ads etc. Any money that you make will go towards the next up-sell until you are broke. Take it as a bad learning experience and move on. All the best.
MOBE is absolutely a scam. They are scamming more and more people. I’m going to sue them. Let’s take them down