What Is My Millionaire Mentor, A Scam? Or The Real Deal?
I was already introduced to a related program to this very recently, when I reviewed my internet success coach.
This program is not what it first appears to be, so it’s important to be aware of that fact, before you consider buying it.
Hang in there and I will explain what this program is about.
Review In Brief:
Product: My Millionaire Mentor
Creator: “Ryan Matthews.”
Overall Score: 0/100 If you read the small print below this video, you’ll see it says: “A typical purchaser does not not make ANY money using this program..” “This presentation does not represent an indication of future success or earning.”
All make money online programs will need some sort of disclosure, but it’s interesting here how they state in black and white, that a typical purchaser will not make anything at all.
Sick of time wasting scams? Get started here for free.
My Millionaire Mentor Promises:
One thing they promise in the sales video, is $500 to anyone that signs up.
I’ve seen similar sales videos to this offering up to $10,000 if they don’t make money – but this is just a hook to get you to sign up and they have no intention at all of delivering on those promises.
The mystery voice, (who claims to be “Ryan,”) claims that you can make thousands spending less than an hour per day working and that it absolutely involves zero risk.
The sales video relentlessly tries to play on your hopes and dreams.
Ryan even has a sob story he tries to sell to you about how poor he used to be prior to finding this system – and now he has more money than he could have imagined.
Basically, the same old story rehashed, that all these sales videos try and tell to reel you in.
Only 50 Spots Available?
Ryan claims to only have 50 spots available. Scams will always add a scarcity element, to make you act quickly and fear you may miss out.
It’s complete BS of course, you can come back next week and next month, there are unlimited spots available. You can test this out for yourself.
Is My Millionaire Mentor Fake?
Some reviewers seem to have not quite realised what this program really is.
Just like another program I recently reviewed, (my internet success coach) this program is just another front.
It’s a gateway into a sales funnel, designed up upsell you into the MTTB program, (my top tier business) – or you may also know them as MOBE.
If you do visit their income disclaimer page, you find that this disclaimer has been written up by MOBE and it is a disclaimer for MTTB.
This program costs and $49 and you may be thinking, that it’s not a lot of money.
But if you enter this sales funnel, this is not the only money you’ll be parting with.
Some of the biggest criticisms levelled against MTTB, surround their incredibly high upsells.
Because MTTB has been so heavily criticised by people who feel ripped off, or believe it’s a scam, they’ve had to market the very same program under different guises.
When you join MTTB, you need to purchase products in order to sell the same products to others, for a commission.
This side of things is what you could describe as affiliate marketing.
Related post: what is affiliate marketing?
In order to sell higher value items, with the biggest commissions, you also have to purchase those items if you want to sell them.
An additional side to MTTB is, You’re also meant to bring others into the business and you can make a percentage of their commissions too.
This is where you can consider MTTB to be an multi-level-marketing company.
Although many would argue that MOBE has more similarities to a pyramid scheme.
Useful post: The difference between an MLM and a pyramid scheme.
It’s also dubious when affiliate programs make their affiliates purchase a product, before they get the chance to sell or promote it.
This ensures money is still coming in for MTTB, because even if their affiliates make zero sales, they still benefit their affiliates buying products for them.
They also do not provide you with the adequate training you need to sell and promote effectively.
Those who I have heard making money from MTTB are highly experienced, who already have large email lists, a high amount of traffic and so on.
There are various “programs,” that funnel into MOBE, not all of which I’m aware of yet.
Do you know of a program – that is really just a funnel into MOBE? Let me know in the comments.
Testimonials… Fake Or Not?
As with all of these programs, there are usually fake testimonials.
You can pick up actors on Fiverr.com now for just $5 and there are some popular ones doing the rounds.
However, the very first testimonial is actually taken from Carolina Millan, who I did a google search for and discovered she’s a coach for MOBE.
In fact, in the testimonial she talks about her best sales day in MOBE! She actually says “MOBE”, so this is likely taken from one of her other videos for them.
I guess they hope you just won’t hear that part?
So, this testimonial wasn’t even been done exclusively for “my millionaire success coach” at all.
Interestingly, below the testimonials it actually says: “These are extraordinary results…”
Yep, that’s right, less than 1% of people that enter their business can rely on it as a sole income – let alone the sort of money the testimonials brag about.
If you look closely, the figure she’s talking about in the video when she shows you her phone, looks very much like it’s just written on a calculator app!
They also direct you straight to their income disclosure at the bottom of the video, to try and cover themselves by giving you a more realistic picture of reality.
Right after the testimonials, it tells you immediately that these results are not typical.
All sales videos of this nature this play on peoples emotions, their hopes and fears.
The focus on telling you how this can change your life, how it will eradicate all your financial worries and that you can quit the job you hate and finally be financially free.
They’ll also tell you you have nothing to lose, because it’s risk free, you’re guaranteed success is easy and you don’t need any experience.
Unfortunately, many people have lost a lot of money with MOBE.
The thing I don’t understand with these videos is, what they claim within in them is just lies – but even when that’s discovered, some people desperately continue anyway.
For example, they claim they have a team of people doing all the hard work for you, making it incredibly easy and takes barely any time to be successful- this just isn’t the case.
So, I’m wondering how people react and how they can stick with this, once they realise the reality.
What’s your experience with MOBE? Leave me a comment below!
The 21 Step System
Within the video, “Ryan,” keeps talking about this 21 step system that he’s going to reveal, that’ll only take you 35-40 minutes per day.
But he says nothing about what this system really is.
He claims it’s not an MLM, but MOBE IS AN MLM and that’s exactly what you’re being funnelled into.
He says you’re going to work with a team who have high end products that you refer people to, where his team then closes the sale – with commissions up to $5,500.
But he doesn’t say anything about how you’ll refer people to these products, what these products are – or any details about what you need to do.
People who have criticised MOBE have also talked about a hard-sell team of sales people, who are meant to be your “coach,” but actually try and get you to purchase more and more expensive products.
Their sales team will try their best to squeeze out whatever funds you have available.
Why The Fake Programs?
You need to ask yourself, why are they throwing up these fake programs, just to funnel people into MOBE?
If MOBE is such an amazing opportunity, why have they suffered from such a high level of complaints and negative feedback?
They can’t stand up in the open, so they have to hide behind smoke screen products and will keep creating them.
Positive Reviews, Really?
There are some affiliates trying to sell My Millionaire Success coach as legitimate. Albeit, not many that I’ve actually seen!
But I have come across several positive reviews from certain websites, who are also positively reviewing other blatant scams.
It’s could potentially be very profitable to bring people into MOBE, so it’s no wonder some people have decided to promote it.
This is not uncommon for programs like this to sell very well, despite negative reviews and feedback.
As I’ve said in previous posts – the get-rich-quick mentality = huge returns for these product creators and affiliates.
If people think they can try something out risk-free, they may go for it and then feel they’ve invested too much time, (or hope) and be inclined to go for whatever upsell is offered.
Once they’ve taken that upsell and more are available, people can then get stuck, feeling that they cannot progress unless they purchase more upsells.
In the 2014 MTTB disclosure, they stated that less than 1% of their members made enough money with MTTB for it to support them financially.
To be at the stage where you’re making huge commissions, you’d have to have spend thousands of dollars.
A majority of people going into MTTB will lose money, not profit.
That’s the harsh reality and far away from the dream they’re trying to push in their sales video.
Making money online, whether that be via affiliate marketing, multi-level marketing, freelancing, or selling physical products – is not easy.
However, you also need to know that you shouldn’t need to spend a fortune on products like this in order to make money.
Unfortunately, there just isn’t a quick fix and if you’re desperately in financial trouble, I’d suggest you sort your finances out to a stable level before you consider trying to make money online as your sole income.
Really, having a job in the real world and working at the online stuff on the side until you can support yourself while you do is a wise idea.
It will make you feel more in control and you won’t desperately fall for scams that are trying to take advantage of that desperation.
If you’d like to know where I got started online, it was over here.
Which thankfully, is a hype free zone, your emails won’t be spammed and you won’t be sent relentless offers for other products.
If you have any comments about this program or others, leave me a comment below!
All the best,