If you are looking into My Business Venture then you probably think that you can just buy their package and start making money right away with your new online business. But unfortunately this isn’t true and is misleading. They call their online business services “turn-key” that makes you think this is the way it is, but the reality is different.
Is My Business Venture a scam? No, I would not call it a scam. They do provide good value for what you pay for, its just not as easy as they lead you to believe it is to make money with what they give. In this short post I’ll be going over what all you get when you buy MBV and the reality of making money online with it.
My Business Venture Overview
My Business Venture, which I will be referring to as MBV, is a company that provides online business services. Basically what they do is provide near complete online business packages for people looking to make money online.
However, the “turn-key” system that I have seen MBV promoted as being, isn’t as it may seem. This isn’t something that you can just buy and make money with. It will require work as anything does.
The Products
They have 3 different business packages that you can buy… the Standard, Professional, and Enterprise. The prices of these and what they include are as follows…
- Standard
- $495.00 down + $99.83/mo for 36 months
- Ecommerce site
- 15,000+ products
- Payment processing
- Professional
- $2795.00 one time payment
- Ecommerce site
- 15,000 products
- Payment Processing
- 24 months of search engine submission
- Marketing strategies layout
- Enterprise
- $3995.00 one time payment
- Ecommerce site
- 15,000+ products
- 24 months of search engine submission
- Custom logo
- Custom training (MBV University)
The Reality Here
None of these packages are “turn-key”. Even if you were to buy their best Enterprise package you still would have to put in the work to make money with it and it will not be easy.
With the Standard package you are only going to get an ecommerce store that has payment processing. You will have all the products ready for you to sell but you will have to drive tall the traffic to your site which you will have no help with. Getting website traffic is the hardest part and this is what they leave out here.
With the Professional package you get everything from the Standard package plus you get marketing strategies that are laid out for you. The marketing is how you get your traffic but this still is not easy by any means. I have been running a small ecommerce site since 2016 and marketing is not an easy task by any means.
Even with the Enterprise package you are going to have work. The only difference here is that you get a custom logo so that you can brand your site, and you get custom training. The training you get consists of video tutorial, documents, etc. and is tailored to you based on where you want to take your business. But guess what? You are still going to have to take action on the training and conquer the hardest part of it all, which is marketing.
Complaints
When I look into products like this I always like to do my own research and form my own opinions. However, its also important to look at other people’s opinions, especially those who have purchased the products and can speak from experience.
Many of the reviews that I have found back up exactly what I am saying here… that this is not as easy as it seems and many people complain about not making money with it. If you go on Ripoff Report there are a good amount of complaints about this.
Another noteworthy complaint that I came across is that the products you will be selling are very overpriced and hard to sell because of this. You see, MBV hooks your site up with a bunch of products. You never have to touch these products, keep inventory or anything. All you do is make sales through your site and the products are shipped out from the manufacturers, which MBV takes care of. But the problem is that there are other marketers out there selling the same darn products at much lower prices and you are going to have to compete with them. I’m not saying you can’t sell them but I am saying this makes it more difficult.
Final Thoughts On MBV
MBV does provides a lot of good things. They set you up with an ecommerce store that is ready to go and there is no doubt that you can make money with it. The problem I have with this place is that I think they mislead people with how easy it is… because it is not easy.
Marketing your products is the hard part of it all and this is the part that they leave up to you. Setting up an ecommerce store is the easy part of it.
So while I don’t think MBV is a scam, its definitely not for everyone. I would only recommend it if you truly understand what you are getting yourself into.
As an alternative, I also suggest taking a look at how I make a living online if you are interested in doing so.. Its a totally different business model but I am making a living with it… so you could say its pretty good. I wrote a post on what exactly I do, how it all works, and how others can get started doing the same that you can read by clicking the link below…
==> Learn about how I make a living
Questions, comments, concerns??? Leave them below in the comment section and I’ll get back to you soon ?
My Make Money Online Guide
I actually bought this so called franchise and I can tell you first hand that it is a total rip off and a scam.
When I initially inquired with the owner, Thomas Stridiron, about the franchise, he called me consistently trying to convince me to buy into it. He made it seem like I would be trained on his proven systems (like any franchise would) to guarantee my success.
What franchise doesn’t want their franchisee to succeed?
It turns out that to get the training one would need to actually be profitable, you would have to shell out an additional $300 – $500 per course!
The Franchise itself costs $5,000. I did the payment plan with $1,000 down and about $100/month.
They make you use their hosting company which runs you about $400/year. I can use my own hosting company for cheaper, but they say you have to host with them to have the “back office”.
Then they have the service fees for the merchant account (which I didn’t use because I didn’t make ONE sale) and that ran about $50/month. There were a few times were they double charged me and I had to complain and had my money refunded twice.
The domain name is ridiculously expensive. They are basically buying it from Go Daddy and charging you more than double. I complained about this and then they transferred it to my Go Daddy account.
It was very frustrating trying to get the store going with zero help. I didn’t know what I was doing.
I bought this franchise thinking that I would actually get an education on how the drop shipping business works so that I can run my store profitably.
With the money I spent, I would have been better off buying a few items wholesale and trying to sell them on eBay or Etsy. I’m just going to call this the school of hard knocks. A very expensive lesson indeed!
The store was stocked with basic items that anyone could buy anywhere. I didn’t get to choose what I wanted for my store. When I asked if I could pick what to sell in my store, I was told that was another package which cost even more money.
So exactly what did I buy here?
They really sell the logo that they create for you. Um…I can create my own logo! As a matter of fact, I can build my own store.
What I really needed to learn was how the business of drop shipping works, which Thomas led me to believe that buying his franchise would do that.
The only thing this business is definitely good at is selling their franchise and scamming people out of money.
I had to tell them to shut it all down because it wasn’t working for me.
They didn’t even show empathy or try to help me in any way. They said I still have to pay the balance, even though I’m not using the store and it never produced income like I was led to believe. They are calling me every day now and threatening to turn my account to collections. I don’t have any money to pay this bill because I didn’t make any money.
So save your money people and learn on your own because “My Business Venture” is a scam.