My Millionaire Mentor claims to pay you $500 if you don’t make money with their system. Is it too good to be true? Is My Millionaire Mentor a scam? Let’s find out in this review.
Name: My Millionaire Mentor
Name: My Online Business Empire (MOBE)
Name: My Top Tier Business (MTTB)
Owner: Ryan Mathews, Matt Lloyd
Price: $47 + $19/month + up-sells to $59,000+
Legitimate? NO, IT’S A SCAM
(full list of all reviewed scams)
My Millionaire Mentor Scam Review
Video on My Millionaire Mentor homepage is full of hypes
If you are wondering why I include My Online Business Empire (MOBE) and My Top Tier Business (MTTB) in the descriptions above, it’s because all these scams are related to each other. I’ll explain in details below.
Firstly, when you arrive at the homepage of My Millionaire Mentor at mymillionairementor.co, you’ll be greeted with an attractive statement right off the bat: You are Guaranteed $500 after watching the video! That’s a pretty bold claim, but can My Millionaire Mentor uphold their promise?
As you watch the video, you’ll see a few people boasting about how much they have made with My Millionaire Mentor in a very short period of time. Most of them claim that they have banked in close to $10,000 in just 2 to 3 weeks time.
However, as you watch through the video, you realize that they do not provide you any concrete information about the opportunity at all. All they show are some fake bank statements, cheques, sports cars, luxury vacations, beaches, and how easy it is to earn money with My Millionaire Mentor scam.
This is a classic red flag you should watch out for when you encounter similar sales pitches online. If something is too good to be true, it probably is.
Carefully Crafted Promises
When you finally finish the video and proceed to the next page, you are once again promised a good $500 if you don’t make any money with their system. However, I’ll show you why you will never get that $500 before losing thousands of dollars first.
My Millionaire Mentor offer seems unbeatable. As if offering you $500 guarantee isn’t enough, the system includes:
- Exclusive 1 on 1 millionaire mentor
- 100% done for you sales system
- Simple 6 steps training videos
As a previous victim of the exact same scam, let me tell you this: these are just carefully crafted ways to suck your wallet dry. See how they work below:
The exclusive 1 on 1 mentor is actually just a salesperson whose sole purpose is to get you to purchase more up-sells.
The 100% done for you sales system seems cool too, but it’s not that cool when you realize that you are the targeted customer of this sales system. Yes, you are actually their potential customer of the sales system.
What about the 6 steps training videos? They work in tandem with your exclusive mentor. Together, they put you through the sales system and coerce you to purchase more and more up-sells that cost up to tens of thousands of dollars.
At the bottom of the sales page, you will be offered the program at $49.
It’s an irony that My Millionaire Mentor scam guarantees you a one time fee, no tricks and no gimmicks. Because ridiculous up-sells, tricks and gimmicks are exactly what await you.
If you just want to make money online, there is no reason to purchase expensive programs like this.
A legitimate program such as Wealthy Affiliate will lead you to the right path. And it’s free to get started too.
My Millionaire Mentor Scam Directs You to My Top Tier Business (MTTB)
After providing your email address, you will be redirected to the homepage of MTTB at mttbsystem.com. Note that MTTB is just part of a larger program called My Online Business Empire (MOBE). MOBE / MTTB has been around for a few years, and they have generated an awful lot of negative feedback due to the ridiculous up-sells.
I’ve since written a detailed review on MOBE and MTTB, explaining its total costs and earning potentials in detail.
Each of them was created by individual MOBE affiliates that want to recruit new members as their down-lines.
What is MOBE / MTTB?
Unlike the 6-steps training program mentioned by My Millionaire Mentor, MTTB is actually a 21-steps video series guiding you how to make money by promoting the same system (MTTB) and the larger program, MOBE to other people who wants to start an online business.
MTTB teaches you how to use their sales materials and funnels to sell the same program, and earn commissions from your buyers.
On paper, MTTB sounds like a good deal if you join them as their affiliates – most of their products are high-ticket products, which means that you only need to sell a few products to get some very high commissions. All this for a low price of $49, and a $500 money back guarantee (or so they claim).
But what they didn’t tell you is that MTTB is in fact a multi-level marketing scheme (MLM), or commonly known as Pyramid model. You are going to lose thousands of dollars before you even start earning.
Let’s take a closer look at how MOBE / MTTB works.
MOBE / MTTB Review
I was one of the fools who bought into MTTB back then. I was told that the program only costed $49 to get started. However, in all the sales material, there was no mention of any of the ridiculous up-sells that were coming my way.
Members area after you purchase MTTB scam
Once you pay $49 to join the program, you’ll be brought into the members only area, where you need to contact your exclusive coach every 2 to 3 steps for the subsequent videos to be unlocked.
It wasn’t until step 5 that I realized that I was obligated to purchase a MOBE license rights for $2,497 to continue the lessons, which I valiantly protested.
My coach tried to justify the purchase by saying that I can gain access to many other high-ticket products and resell the license rights to earn commissions in the process.
And there’s no limit to how many times I can resell the rights. How wonderful!
To put it simply, I’m required to scam other unsuspecting people to start earning the commissions. Even if I am to disclose the compulsory up-sells beforehand, I wouldn’t recommend it to any potential customer because this is simply ridiculous.
The $2,497 Up-Sell is Just A Start
When I probed further, my coach told me that there are much higher tiers of products to unlock after you buy the $2,497 MOBE license rights. You can choose to upgrade your membership to higher levels, paying an extra $10k for the Titanium, and another $16k for Platinum level.
MOBE license – $2,497
Titanium license – $9,997
Platinum license – $16,667
Diamond license – $29,997
The catch is, you can only earn 50% commission if your down-lines (remember that MOBE/MTTB works on MLM model) purchase the same level / lower level of membership.
Let’s consider the scenario below.
Let’s say I’m a MOBE licensee, which means I paid $2,497 for my license. If my down-line buys MOBE license, I earn $1,000 commission from his purchase.
However, if my down-line purchases the Titanium license afterwards, while I’m only holding a MOBE license, I don’t get a cent of commission! The $3,000 commission from Titanium license purchase will be passed to my up-line.
So, to make it simpler, if you want to capture all the commissions from your down-lines, you better buy all the way up to Platinum license. And it will cost you in excess of $29,000 (at least) in the process!
There are a whole lot of other high ticket products costing hundreds to thousands that you can earn commission from, but the structure is the same. You have to buy the license first before you sell it to others to earn a commission.
This is a pyramid scheme packaged as an affiliate program. If you need to pay to promote someone’s product, you better stay away from it.
What About the $500 Money Back Guarantee?
Well, turns out that the $500 money back guarantee comes with terms and conditions. The 2 conditions you have to fulfill in order to gain the guarantee is as follow:
- You have to finish the 21 steps (you have buy the MOBE license!)
- You must not skip a step or do the steps in wrong order
The bottom line is, unless you shell out at least $2,497 for the MOBE license, there is no way for you get $500 money back guarantee for the program.
You may come across people promoting MOBE / MTTB online claiming that they make good money off it, but keep in mind that these are the people who have invested a lot into the program, and they earn a huge commission if they successfully recruit someone who buys the license.
There may be arguments on whether MOBE / MTTB is a scam, and there are people out there who defends the program. I wouldn’t be surprise if there are supporters of MOBE and MTTB calling this review biased.
It can be very profitable for seasoned internet marketers who already have an established blog or email list to recruit people, but it’s definitely not for newbies looking to make money online.
In my book, if you are required to pay so much just to get started (without prior knowledge), and continue to recruit unsuspecting people into the program, it qualifies as a scam.
Is My Millionaire Mentor a Scam?
The answer is clear. YES, THIS IS A SCAM!
Most victims fall prey to scams simply because they don’t know there are better alternatives out there.
If you are determined to make money online, you must use a legitimate program that will provide you proper trainings and help you build your own business. We have tried out many programs, and there is only one program we recommend to our readers:
Have you encountered any scams before? Personally I’ve fallen for a few (this being one of them) before coming across the legitimate one, so let us know in the comments below if you have any personal experience to share!