Website: My Millionaire Mentor
Owner: Ryan Mathews (probably an alias)
This is a re-branded version of an existing product called MTTB, which is designed to promote the underlying high ticket multi level marketing program called MOBE. This website does not give people an accurate picture of what to expect and is quite misleading in my opinion.
Who Is Ryan Mathews?
I can’t say for sure if this guy is real or it’s just a fake alias but I think it’s pretty obvious he’s not the voice over doing the video. The website was also registered anonymously and I have been unable to find any information about him anywhere online. This isn’t necessarily a bad thing in itself, it’s just difficult to know who we are really dealing with here.
What Is My Millionaire Mentor?
Once you pay for this you’ll be taken to a members area with a 21 step video training in a system called MTTB with some general information to get you excited about the underlying opportunity.
Once you get to step 5 you’ll realise that you will need to purchase a reseller license for $2,497 in order to make the system work for you. There are actually many addittional purchases after this as well and while they are mandatory to make money, you will need these if you want to promote them.
Promoting these products is the whole point of the system.
This embraces the mlm business model so the primary idea is to build your team using the training you are provided. Just one of these products alone costs $29,997 which isn’t a bad thing in itself as long as they are worth paying for and are being marketed ethically. I think they fail miserably with the latter but the products do have value.
The real ‘nuts and bolts’ training isn’t really provided until you start progressing into the $1000’s though so it’s more for people who have the money to put in and it will require you to learn and take consistent action.
The $500 Guarantee Is Not Quite As Advertised…
The only way you get the $500 guarantee is if you follow the 21 steps exactly, which means buying the $2497 license first.
Pretty sneaky right?
Even if you do that it’s still not guaranteed they’ll actually pay up. From what I’ve seen, support has a tendency to disappear once you want out and there are very lengthy terms and conditions in the fine print. They make sure to cover themselves very well in the event you try to claim a refund. I’m not syaing you won’t get a refund or the guarantee, but I’m saying proceed with caution.
The Income Disclosure
Admittedly, it is possible to make money with MOBE, I’m not going to beat around the bush. In fact there are some people that make an absolute killing with it. The keyword being ‘some’. According to the companies own income disclosure the average rep is only making $250 per year…
The more effort you put into this and the bigger your budget initially, the greater your chances of succeeding with this will be. Ultimately, your success does depend entirely on your own efforts as with anything so I’m not showing you these stats to put you off trying to make it work.
My beef is in how they promote this system for the most part. They make out like you’ll just plug in and watch the money roll in which I can assure you is absolute nonsense.
I’ve never been a fan of sales hype like this and it really gets me how sites like this lure people in. They are just telling people what they want to hear which does work, yes. But that kind of approach is not necessary to build a business. Period. It’s a shame because there does seem to be some ok training on offer throughout the program from what I have seen.
To be fair, the person behind this site may be an affiliate and not the company itself, but with so many of these ‘funnel’ style websites around I find it hard to believe the company isn’t aware of what is going on. Either way, I think there are better opportunities to consider and ones that are a lot more upfront about what they offer and what is involved in getting started.