Website: The Money Academy
Owner: Unknown (alias)
This is a re-branded version of an existing program known as MTTB/MOBE. While I do think there is value in the underlying products, there is no need to be paying twice the price for an old product and the promotional methods are really quite misleading in my opinion.
As soon as I saw the sales video I immediately knew I was looking at another sketchy ‘biz opp’ and to be honest it was kind of hard to sit through the whole pitch. Any website pushing this much hype is clearly not out to help people. Piles of cash, luxury yachts, sports cars, mansions and beautiful bikini models along with a bunch of misleading dribble pretty much sums up the sales video.
Looks nice and sounds exciting, but that’s about it.
The Testimonials Are Made By Paid Actors
It became clear as I was watching the video that the the testimonials were fake. They’ve used paid actors to tell people how much money they’ve been making and convince people this is worth joining.
Claims he’s made $89,650 with this system and apparently did so having “no prior online experience and without ever having made money online before”.
Here he is at Fiverr selling his paid acting services:
This guy claims he was “way behind with his bills and had debt collectors after him” but with this system miraculously made almost 7k in his first 2 weeks. He claims he did this with no prior experience and (given his previously noted debt crisis) achieved with little-no investment.
Same guy promoting his services on Fiverr:
I won’t go on and on here by listing each actor, but I think you get my point. They are all actors.
What Are They Actually Selling?
According to the website:
That is so far from the truth I don’t even know where to begin. They are selling a repackaged version of Matt Lloyd’s product called MTTB. The entire product is designed to funnel people into Lloyd’s main mlm program, MOBE.
How MTTB/ MOBE Works
Essentially, you sign up to the ‘front end product’ (MTTB) for $97 and are quickly convinced by your sponsor, and the system itself, to purchase higher and higher ticket ‘education products’ including a MOBE re-sell licence for around $2,500. Here’s the kicker though, MTTB sells for $49 depending on where you get it. These are just affiliates selling the same 21 step product at twice the price. I’m not kidding.
In order to make any decent money it is essential to buy these high priced products, failure to do so means not being eligible for the commissions on those products. In other words, the more you buy the more you are eligible to promote. The end result is upwards of $50,000 in purchases, and that doesn’t guarantee any income.
There is nothing wrong with high ticket sales IF they are providing people with genuine value for money, they are not delivered in a misleading way.
Do they pass that test? The marketing side of things is the biggest issue in my opinion. Convincing people they’ll simply sign up and make easy money on autopilot without putting in the effort is BS. Granted, their products do have value and people do make money with this but I really feel people should be made more aware of what they are getting into upfront.
The $500 Guarantee Is Bogus
They promise you $500 if you don’t succeed which is another way they lure people into this. As I explained to my readers in a previous review of a similar website promoting MOBE, this ‘guarantee’ is not what it seems.
Fact: You MUST complete each of the 21 steps inside the MTTB program to be eligible for the $500. Before even getting halfway through, one of those 21 steps is shelling out almost $2,500 for a MOBE re-selling licence. If you don’t buy this you don’t get your $500.
Is it just me or was that not mentioned anywhere in the sales presentation?
Annoying Emails, Phone Calls & Text Messages
It looks as though these guys intend on using your personal info for spam… I mean marketing purposes:
What I Liked
- Potential to make high ticket commissions
- There is value in the training
What I Didn’t Like
- Extremely deceptive and misleading marketing across the board
- Promising people a $500 guarantee without mentioning the underlying strings attached
- Twice the price for the same product
If you have the budget and and are willing to put the effort in, there’s no doubt you could make a system like this work for you. I personally think you are better off buying it straight from the source if this is the route you are wanting to take, why pay this affiliate twice the price? Whatever you decide, at least you are now able to make amore informed decision about joining.