On Monday, June 4, 2018, the Federal Trade Commission (FTC) filed a civil lawsuit against MOBE and all of its personnel. Currently, Mark J. Bernet is the attorney and receiver for MOBE.
My friend signed up for the 21-Step program not too long ago hoping to become more successful than I am at making money online.—Fortunately for him, he gave up on their system after realizing the outrageous upsells he was receiving.
Don’t get me wrong, I am not against upsells entirely. Corporations like Mc Donalds are upselling us on a regular basis. For example, When you purchase a burger, they try to upsell you to the full meal.
What Is MOBE?
MOBE is a high ticket affiliate program that allows you to earn thousands of dollars in commission, but you must spend thousands of dollars before you can actually get started.
The first initial cost is their common $49.00 product known as, “My Top-Tier Business (MTTB). I’m sure they have other names for the same product.
Once you’ve purchased the 21 step training program, you will receive a personal coach or should I say, salesperson. Their goal is to upsell you on memberships to unlock certain steps.
The problem starts when people were unaware of all the upsells. They signed up thinking $49.00 was all it took to start making money. Being in the industry for a while now, I knew it was not possible.
As you can see from the image above, the price for the membership ranges from $2,497 up to $29,997. If you were to invest in all five memberships, you would have spent $64,155 with no guarantee on your success. Click here to learn more about MOBE Consultant Memberships and Compensation Plans.
I don’t know about you, but that’s definitely not chump change to blow away on an internet product. Shoot, the investment in my business started at around $49.00 per month with website hosting, profit-ready WordPress websites to build on, Keyword Research Tool, webinar, classrooms, plus more. You can sign up for free and get a test drive with zero commitment. Click here to learn more about it.
If I were to spend $64,155 on my recommended platform, it would cover all website hosting fees, tools, resources for 1,309 months or 109 years!—I’m probably not going to live long enough to spend that kind of money.
The Coach Is Nothing But A Salesperson
As I mentioned earlier, the coach is nothing but a salesperson. They spin it differently though! According to MOBE, the coach is there to help you with your business, but the true purpose is to sell you on higher memberships to earn a commission.
This is common practice for high ticket products because it’s near impossible to sell unless they can talk to you over the phone to make it more convincing. Similar to car sales, it is more effective to close deals or to get customers in the store if you’re able to talk over the phone rather than emails or sales letters.
More About MOBE
Is MOBE an MLM pyramid scheme? This has always been a controversy since the beginning. MOBE is technically not a pyramid scheme because they do sell digital marketing products.
Their digital marketing products are designed to make money for: the affiliate marketer that recruited the person, the coach who upsells the new person, and MOBE.
Once you’re in the program you will be asked to promote MOBE to other people in your circle. Whether it is to start a blog or to reach out to potential customers via Social Media.
How many people do you think can actually afford to spend up to $64,000? Can you imagine how much traffic you must generate to get people to buy in on the MOBE products?
The idea is to get other people to buy in on the products that you purchased, so you can eventually make it back. Unfortunately, without proper training, most people will fail to promote MOBE.
MOBE Is Indeed Shut Down By The FTC
MOBE received a temporary restraining order (TRO) with over 4,577 pages of supporting evidence. The TRO explains how they run their business and that MOBE is nothing but a fraud.
The supporting evidence was collected from multiple sources: Transcripts of Communications, Hotels, Payment Processors, Property Leasing Agents, FTC Undercover Agents, Victims, and more.
It was all nothing but lies! They deceive you into believing that you can earn huge commissions like some of their top affiliates. I’m sure most of those top affiliates was earning a killer living simply because they got people to spend thousands of dollars.
According to the FTC, MOBE has stolen over $125 million dollars, calling MOBE an “illegal scheme”. If you want to get the full details of what the TRO states, click here to check it out!
Don’t Put All Of Your Eggs In One Basket
That’s why I only promote products and services that teach you how to build your own business, so you can make money from multiple income streams. If you relied heavily on MOBE to generate income, this event would stop your income completely.
That’s why I don’t recommend done-for-you systems because you don’t have control over what happens. If you really want to learn how to make money online. It’s best that you create your own business.
Luckily for me, I learned fairly quickly. I was scammed once, okay maybe twice before I realized that any system(s) or product(s) that claims to make you rich fast doesn’t work.
I’m glad that I found my recommended platform. It has given me the education, tools, and resources to build something for myself. Here on Smart Affiliate Hub, I promote multiple products. If one goes away, the others will continue to help generate income for me.
At the moment, there is limited information in regard to the status of MOBE by Matthew Lloyd McPhee, a/k/a Matt Lloyd, a/k/a Matthew Lloyd.
Once I find out more information, I will update this blog post. If you receive any updates, please leave a comment below, so my readers can get alerted. Thanks!
Don’t Make The Same Mistake!
Build your own brand and learn how to make money online the right way!