Is Mobe a Scam or Legit? – Matt Lloyd Promises to Pay $500
UPDATE 15/6/2018: MOBE Shutdown And FTC Lawsuit
MOBE has recently been shut down by FTC (Federal Trade Commission).
FTC claims that MOBE has made a consumer injury exceeding $125 MILLION with their fraudulent business actions.
Learn more in the video below.
PS. If you want to learn a 100% legitimate way to make money online, follow this step-by-step training.
It has been around +12 years, with +1,400,000 members in 193 countries.
Welcome to my MOBE review!
Is Mobe a Scam or Legit? Today we will take a closer look at this system which has made many people financially free. However, lots of reliable online entrepreneurs are saying that this program is a scam. If you are looking for an honest answer, you have come to the right place.
Our goal on YourOnlineRevenue.com is always to provide you the best and the most accurate answer on the Internet. We have reviewed more than 200 make money online programs so we know what we are talking about. Let’s dig into MOBE!
MOBE Review - Quick Summary
Name: My Online Business Education
Founded: In 2011 by Matt Lloyd
Price: $49 + $97/month + Upsells up to ~$30,000
Field: High Ticket Online Business/Internet Marketing Training
Summary: MOBE uses a similar strategy like Digital Altitude and other high ticket online business systems. Most similar companies have either been shut down by the officials (because of the shady actions) or they have gone into banktrupcy. Getting involved with MOBE is expensive and risky, in my opinion.
Is MOBE Recommended? No. They would charge you tens of thousands of dollars in total. There are many way better and cheaper alternatives available. Check out my #1 recommended training below. It's free to get started and their premium membership is about 100x cheaper than MOBE.
Before you dig into my full and comprehensive MOBE review, I want to show you my video review. I know that many of you prefer watching a video instead of listening to a text so this helps you more.
If you want to get a good picture of MOBE and how it works, I recommend watching my video and reading the whole article below. In addition, I am always available if you have any questions.
What Is MOBE?
Matt Lloyd got interested in Internet marketing 9 years ago in 2008. He succeeded fast and in 2011 he created an MLM-program (Multi-level marketing) which is already a multi-million dollar business. Matt Lloyd has become a multimillionaire himself and probably helped many people to achieve a financial freedom.
His system is called My Online Business Education (MOBE) and it was before known as My Online Business Empire. Shortly, it is an MLM-program with ultimately expensive products up to $30,000 and even more.
You can find people who have made $100,000’s with their system. I know that by giving a positive review I could make some money but I don’t want to do it because honestly, I can’t recommend MOBE for anyone. There are much better and cheaper alternatives out there. I will explain them further. But if you don’t want to wait, just read more here.
By the way, do you remember a product called Wifi Millionaire (also created by Matt Lloyd)? It was an eBook that cost only $3 but its main purpose was to get you to join MOBE-program and buy those expensive products.
Does MOBE Cost Only $49?
MOBE training is marketed in the following way by Matt Lloyd:
“Buy this 21-step program and you are guaranteed to succeed. If you don’t earn $1,000 or $1,500 within 30 days after completing this training, I will pay you $500 from my own pocket.”
That sounds interesting but also a bit suspicious. Would he really pay $500 from his own pocket? Oh yes, he will.
Do you know why?
If you complete all those 21 steps in MTTB (My Top Tier Business) program, you will need to buy more expensive programs along the way. In step 6 you will pay $2,497 one-time fee + $199 monthly fee (the price varies but it’s at least $1,997). This will give you the access to MLR-training program.
So, as you may have noticed, you need to pay around $2,500 to get that “free” $500. That’s the catch. What do you think about it?
MOBE Training – Matt Lloyd Seminar, Scam Or Not?
Is Mobe training valuable and helpful? Will it help you to achieve a financial freedom?
MOBE has tens of hours of training in several different products that they are selling. They even have some free blog articles on their website. I found some of their material quite interesting and Matt gave good points on creating a business.
I think that the founder Matt Lloyd is a skilled businessman and he knows how to sell products. He has more than 1,2 Million views on his YouTube channel, 750,000 (email, etc) subscribers, 165 staff members, and 12,000 active affiliate partners. You need to do some work to achieve such results.
But after all, this doesn’t make Matt the best coach for you. The thing is that he is successful himself but he is ripping off people! (I apologize for my honesty.)
Most of MOBE training concentrates on selling their courses and products for other people. Their members earn high commissions on promoting the program. The training doesn’t teach how you could create a business in a niche that you love or by working with your passion. They teach how you can make an income by selling Matt’s system.
Who becomes rich with this kind of systems? Matt Lloyd.
Now we come to an interesting part.
MOBE has tens of different products. That $49 front end product is just a beginning. You will be bombarded with tens of upsells. Let me clarify this. There are not only one or two upsells but TENS OF UPSELLS IN MOBE. A typical amount of upsells for online marketing products is two like in Zero Hour Work Days for example.
What kind of upsells do they have?
They have literally everything up to the products that cost $29,997 + $299 per month. That’s called a diamond package. Their “basic” product costs around $2,500 which I mentioned above (MLR-program).
Their members are selling products with 90% commissions. Here are some examples:
- $97 per month – MOBE Elite Earners
- $297 – MOBE Licensing Kit
- $297 – Traffic Masters Academy
If you are willing to spend all of your monthly income on some online products, welcome to MOBE. They always have a new product that you could buy.
Then they also have products that their members are selling for $50 commission. Here are a few examples:
- $997 – Six Figure Coaching Secrets
- $1997 – 10,000 Leads in 100 Days
- $997 – The 90 Day Challenge
Imagine that by selling these products a MOBE member earns $500-1000 per sale. With 3 sales he has already earned a monthly income. 1 sale per 10 days is enough to live well in any country in the world. That may explain a little bit why some of their members are so enthusiastic about promoting their products for you.
MOBE Compensation Plan
I took here a YouTube video that explains you MOBE compensation plan in a great detail. But I warn you first. This guy is biased and he is promoting their products because he wants to earn your money.
I can give you the basic principle that applies to MOBE commissions. In order to earn commissions for each product, you need to spend money on their products first yourself. If you don’t pay for their product anymore, you can’t promote it.
This is just a basic principle and they have some exceptions but I think it’s not a good one. Most of the good affiliate programs let you join for completely free. MOBE uses the same strategy that also a Six Figure Mentors -program used in the past: you need to pay money before you can sell their products.
Just a quick note: There are tons of different products that people are promoting in MOBE.
Conclusion – Is Mobe a Scam or Legit?
Honestly, Mobe has several suspicious signs.
1.They are promising something that they don’t actually deliver. (free $500, for example)
2.There are lots of negative reviews of this program on the Internet.
3.Many reliable online entrepreneurs don’t recommend it.
and so on.
You can see the reason why I don’t recommend it. But I can offer you a much better and a cheaper alternative than MOBE. I have been using it for about 2 years and I am going to use it when the time goes forward as well.
A Better Way to Make Money Online – Wealthy Affiliate
I would like to make a few comparisons between these two programs:
1.MOBE costs $49 to get started. Wealthy Affiliate is completely free.
2.MOBE has tons of upsells. Wealthy Affiliate has 0 upsells.
3.MOBE teaches you to promote their program. Wealthy Affiliate teaches how you can create a successful online business in any niche.
Wealthy Affiliate premium membership costs only $359/year which means less than $1 per day. Compare to those $30,000 MOBE products. With less than $1 per day you will get all these things in WA:
- Step-by-step training to make money online (hundreds of hours of interactive video training)
- Personal support from successful Internet marketers
- Tools to make your website ranked #1 in Google
- Weekly webinars on some important subject of affiliate marketing (for example how to make more conversions, email marketing, FB marketing, how to create a successful niche website LIVE)
- Domain hosting
- High-quality website builder
- and much more.
Compare all this value to $1 per day. I think we both agree that it’s totally worth it. And anyway, you don’t even need to pay $1 if you don’t want because you can get started for completely free (NO CREDIT CARDS NEEDED).
Have you ever thought of trying MOBE?
Have some of your friends tried MOBE?
Do you already know how to earn a full-time income online?
Let me know in the comments below!
If you have any questions, just leave a comment below and I will be more than happy to help you out.
- Training has some useful tips. (However, most of the training concentrates on promoting MOBE)
- It's possible to earn ultra-high commissions with their program.
- Bad reputation - You can find tons of negative reviews of this program on the Internet.
- Their products are ultimately expensive.
- Matt promises to pay you $500 but doesn't tell you that you first need to pay him $2,500. lol.
- Tons of upsells
- They mainly teach you how to promote MOBE and not to create a real business on some specific niche