Welcome to my honest review of My Online Business Empire (MOBE)!
It just so happens that the wide-spread speculation is true…
The Federal Trade Commission has come down on Matt Lloyd’s program like a ton of bricks, thus stopping him and his top affiliates from “cashing in.”
RIP, MOBE.
Folks were warned about MOBE’s shenanigans for YEARS but refused to pay close attention to bloggers and the numerous complaints.
But then again, when Matt’s affiliates had $10,000s – $100,000s rolling in, qualified for shiny Diamond rings and cruised around in brand New Mercedes cars (gifts from Matt)…
Why would they and their super-egos listen?
Did Matt and his seasoned affiliates ever put your best interests first or “their” own BANK ACCOUNTS?
Hmm…
After David Wood closed ‘Empower Network‘, and the FTC shut down ‘Digital Altitude‘…
It was only a matter of time until MOBE was under its spotlight too.
Did you know that Matt Lloyd and his crew talked thousands of folks into making a total investment of $125,000,000 in the scheme?!
Get the report: FTC Action Halts MOBE, a Massive Internet Business Coaching Scheme.
Don’t get me wrong, I’m not another one of these “MOBE haters”.
Because Mr. Lloyd delivered a ton of value for success.
But considering the rip-off prices, Matt’s money-making claims, and the fact that I got duped by Empower and Altitude in the past…
I wasn’t gonna allow myself to fall into another scheme.
Table of Contents
What Was MOBE, How Did it Work?…
MOBE (aka My Own Business Education had a vast array of coaching products that enabled you to build a highly lucrative business on the web.
The first coaching product was the ‘21-Steps‘ which cost $49.
It was to help you get started online, and with it, also came a coach.
But I guess he or she was more like a “salesperson” convincing you to splash out more cash on other products to come.
Once you came to the end of those steps, unfortunately, the prices skyrocketed for the advanced stuff.
The second product was “Silver Masterclass” for $2,497 + $27/month which provided 8 modules worth of mindset training.
Third product: “Gold Masterclass” cost $4,997 + $64/month which taught you how to build a 6 figure business.
#4: “Titanium Mastermind” which had a cost of $9,997 + $121/month for a 3-day networking event for helping you reach the 7-figure mark through “next-level marketing”.
#5: “Platinum Mastermind” cost $16,667 + $198/month and was a 5-day networking event focused on wealth building in the long-term.
#6: “Diamond Mastermind” cost a STAGGERING $29,997 + $295/month!!
This was a 10-day retreat which also gave you a “$1 million done-for-you” sales funnel.
In fact, with ClickFunnels and Russell Brunson’s training products…
You could learn how to create your own “million-dollar” sales funnel at a fraction of what MOBE charged!
Why MOBE Caught The FTC’s Attention…
When you come across a program with sky-high prices, you just know something doesn’t quite add up.
So in MOBE’s case, it actually turned out to be a “money-making scheme” despite the invaluable training.
Basically, you bought into Matt’s “high-ticket” platform.
Which taught you how to promote it for affiliate commissions ranging from $24.50 to $10,000 per sale!
But to earn that sort of dosh, you also had to spend $1,000s on the products yourself because that’s how the scheme worked.
Simply put, Mr. Lloyd sold “overpriced” products so he and his affiliates could pocket an absolute fortune!
Where do you think he got the funds from for giving away expensive luxury cars and Diamond rings to his top-performing affiliates?
Do you now understand why his program raised so many eyebrows?
The Future’s Looking Bleak For “Schemes”…
With the closure of Empower Network and Digital Altitude, and also things not looking so good for MOBE…
From where I’m standing, there’s no future for high-ticket stuff and “opportunists”.
Firstly, it’s not sustainable because how many folks can afford $10,000s in up-front costs (+ monthly fees of $100s) for overpriced training and events?
Secondly, the FTC’s actions should serve as a clear warning to anyone considering peddling schemes in order to pocket a pretty penny.
The way I see it, the FTC is on the warpath to rid the internet of money-sucking pests.
It’s only a matter of time until they also come down hard on AWOL Academy and The Super Affiliate Network next.
The clock is ticking…
If these Super Affiliates genuinely cared about your success, then why didn’t they promote stuff at reasonable prices?
There are TONS of legitimate programs they could have easily recommend that will put you on the right track to success online:
- Free Internet Marketing Project (FIMP)
- Affiliate Bootcamp
- Affilorama
- Chris Farrell Membership
- Wealthy Affiliate
These are some top programs enabling you to build a highly profitable business in the Affiliate Marketing arena.
But because they DON’T pay enough in “commissions”, MOBE affiliates were/are reluctant to recommend them to newbies.
Final Thoughts on MOBE (My Online Business Empire)…
MOBE has been operating under the radar for years without being investigated by the authorities.
But the FTC finally caught up with Matt’s scheme, shut down the entire operation, and froze his assets.
Leaving his affiliates penniless as a result.
So I genuinely hope these guys n’ gals (mainly the newbies who put everything on the line for MOBE) get reimbursed somehow.
The Bottom Line:
If the FTC claims a platform has been operating fraudulently and takes action, then it’s most definitely A SCAM.
Thanks for stopping by…
Your Friend, Neil 😀
If you have any questions or thoughts on the downfall of Lloyd’s operation, we’d LOVE to hear your comments below…
Is there a possibility that those who lost money in the scheme get reimbursed by FTC?
The case is still ongoing but the FTC has announced that if the lawsuit against MOBE is successful, they will inform victims of refunds in its consumer blog.
But how long the process will take, nobody actually knows.
If you’ve lost money, I do hope you get it returned. 🙂
I’m curious how many of you ever knew more than what you are regurgitating from the FTC & their smear blogs? In my opinion, this is 1 of the biggest Witch hunts I’ve ever seen! I have yet to hear 1 valid complaint from a person stating facts. Why is it those with a victim mentality are coddled rather than expected to take accountability for their own decisions? People saying they were Forced to buy, Really??!
No one was forced to give over their banking info or cc to pay. They paid for the training & system that gave them a path to build their own business IF they were willing to put the time & effort in. I invested a lot myself & built not just a successful online, affiliate business but also a separate, also successful, Company in the self-development field. I learned this by studying & applying what I learned from Matt Lloyd & Mobe. I see many people spouting negativity about the cars. rings, etc. You might note that almost all major companies compensate their overachievers! From Apple to Google to Starbucks to Chevy… Top employees, sales staff, etc, who make a big difference for the Co by the work they do get rewarded.
And if you do not know Matt personally & have no real-life experience going through the Mobe training, then your opinion holds no weight. When will we as a community & country start supporting the Success of others rather than tearing them down? We all have equal opportunity, especially in the USA, to achieve whatever we want. It is UP TO US each individually what we do with that opportunity! The more you are hating on others, the farther away you remove yourself from the possibility of Success.
Funny you should say that because I’ve been following MOBE and its affiliates for years, and also read numerous scam complaints from disgruntled members who lost money.
Hey, here’s a “FACT” – MOBE was a money-making scheme, regardless of the training and resources Matt provided.
However, I do agree that people can make their own decisions, and that applies to any opportunity. Some people scream “SCAM” for two reasons: 1: They actually have lost money with a scam. 2: They invest very little time and effort, and then cry online when they don’t see fast results.
I applaud you for investing in yourself and building a successful business because it is challenging. I’m not calling MOBE a blatant scam because obviously, the training worked for you as it did for other members of Matt’s program, no doubt. But unfortunately, the price tag tells another story, which some people and especially the FTC weren’t happy about.
Yes, I also see your point on other companies rewarding employees and biz partners for their efforts. But the point I’m making is that folks had to shell out an absolute fortune on MOBE’s training products in order to qualify for the rings and cars. Whereas employees don’t part with a single penny for their rewards.
Even affiliate programs like the ClickFunnels Affiliate Bootcamp run the “Dream Car Contest” for free. Yes, you obviously have to splash out money on sending traffic to promote ClickFunnels products, but the affiliate program and training don’t cost a cent for building a biz and qualifying for a car.
That’s the key difference.
No, I don’t personally know Matt. But then again, most MOBE affiliates don’t know him on a personal level either since he’s an “acquaintance” lol. Plus I’m guessing you have to fork out a fortune for one of his events to meet him in person too.
As for the training – nope, I didn’t sample that either. But despite MOBE affiliates labeling it as the best thing since sliced bread – I can guarantee that the same training is found across a number of platforms at a fraction of the cost: Wealthy Affiliate, Affiliate Bootcamp, FIMP, Affilorama, Chris Farrell Membership, and Internet Jetset, to name some.
But since I’ve been online since 1999 and pretty much tried every money-making method going – I can confidently say my opinions hold tremendous weight when it comes to the Internet Marketing world. 🙂
I’m all up for supporting others who are a success, just not when it comes to programs that intentionally rip-off the unsuspecting.
The only hate I have is for the folks who build businesses online using “unethical” practices, but it doesn’t prevent me from succeeding.
What a vile supporter…. from a victim of MOBE…. the sooner people like yourselves championing a monster get gagged till the end of your days…. The better Sabrina the Witch
Perhaps a bit harsh lol. But I do believe those who rip of others with overpriced products do not belong in the Internet Marketing world. I guess high-ticket rip-off merchants eventually get what’s coming to them… in the form of the FTC’s giant boot kicking their asses out the door!
Hey there Neil,
Now I get why these folks had overpriced products and high fees. They were using the money the members made for them to give out the luxury cars after having the big share of the profits for themselves.
I am glad that justice and honesty are finally catching up with them, and it also gives me peace to see that we are many folks who raised eyebrows on this scheme.
We should not be keeping quiet about these things.
Cheers.
Hi, Dave!
That is correct! With so much money pouring into MOBE, I guess Matt could afford to give luxury yachts away to his heavy hitters lol.
But regardless of the expensive car and diamond ring gifts, it was still an unethical opportunity in my opinion.
On one hand, MOBE got what it deserved. But on the other hand, “vulnerable” folks lost a fortune.
I had no idea all this was going on! Guess I had better start keeping up.
I hate to see things like this happening because it just makes it harder for honest people to make a living. This is one of the many reasons so many people mistrust the internet so much.
What I can’t understand is why so many people would spend so much money on this without really knowing what they were getting into.
Also, not good for us when the government gets involved, because they have a tendency to make things worse.
Unfortunately, there are a number of MOBE affiliates who still haven’t heard the bad news yet.
I totally agree because these “high-ticket” schemes all come toppling down eventually, and along with flat out scams, they give the Internet Marketing world a bad reputation.
The reason why folks (newbies especially) invested a ton of cash into MOBE was that Matt and some of his affiliates made outlandish money-making claims that beginners couldn’t resist.
As for the Government, I couldn’t possibly comment lol.
It’s amazing to me how many of the “trusted” names in the “Internet Marketing” space promoted this crap. Utterly disappointing, for sure.
On a side note, I love reading your blog and always find your insight and perspective refreshing. Keep it up!
I totally agree with you 100%, Matt!
I certainly wouldn’t trust any of those “top” affiliates because they’ll just latch on to the next high-cost program for $$$.
Thanks for the compliments, man! 🙂
Cheers, will do!