Is MOBE a Scam? (YES, Already Shut Down By FTC!)
WFHR EditorLast updated: November 2, 2022
Matt Lloyd’s My Own Business Education/MOBE has been shut down by the Federal Trade Commission for its fraudulent business education program, and now we can confirm MOBE is a SCAM!
We never really recommended the program to our readers anyway since the training they offered was way TOO overpriced, and not many were doing well with them.
Looking for a SCAM-FREE, NO-BS way to make money online?
What Is MOBE?
MOBE stands for My Online Business Education. It is a company that offers training that could help you succeed offline and online. It was geared towards small business owners/entrepreneurs. They had a wide range of different membership options which had their own perks.
The base price/front-end price was $49 and had many upsells depending on the user’s needs & requirements. MOBE offered a lot of resources which included:
- Video training (including webinars)
- 1-1 coaching, done for you/DFY funnels, 1-1 support
- Live Events
- Facebook group support
They used to offer a lot of training courses on their homepage and on the marketplace. (both are now shut down)
On the marketplace, you could even host your own online course and let other affiliates promote your stuff and earn commissions on sales they send your way.
The Courses
Not just online business, their online training also covered a lot of other topics. Some of them included:
- Email marketing
- YouTube marketing
- Facebook ads
- WordPress
- Sales funnels
- Personal Development
- Leadership
- Consulting
- Investing in stocks
- Tax Liens Mastery
- Public Speaking
Every course had its own price point with some starting from $20 and some going up to a couple of thousand dollars. It was not a one-time membership payment, and you get everything as a bundle.
If you need to learn three things out of these, you’d have to purchase three courses, and it was a little too overpriced for our liking.
For instance, this personal development course came at $97. Not many are willing to spend that much money on a mindset course when there are a lot of good resources available on YouTube for free!
How Did It Work?
My Online Business Empire utilized the affiliate marketing business model to promote its online courses. Following are the only ways with which one could make money with MOBE:
Promoting MOBE courses as an affiliate
Recruit people so they promote MOBE as an affiliate (called a consultant)
They had a wildly profitable affiliate program that utilized an MLM structure.
Final Words
You might be wondering why do you see a conclusion this soon and we didn’t even throw in some light on the 5 core training programs of MOBE, the sales partner program, and their compensation plans.
That’s because MOBE was already shut down by the FTC in June 2018 and any training/compensation plans they had is now obsolete and irrelevant. It will make no sense for us to have still the related information on our website as it may only deceive our readers if they miss the FTC update.
Looking for a SCAM-FREE, NO-BS way to make money online?
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