Product: My Millionaire Mentor
Price: $49 + upsells
Scam or Not: Borderline
Overall Ranking: 3/10
What is My Millionaire Mentor?
My Millionaire Mentor is one of those sites that promotes itself as a powerful way to earn money, while offering little information about how you are actually supposed to do so.
As such, this My Millionaire Mentor review is taking a look behind the scenes with My Millionaire Mentor and will show you precisely what’s involved and what you can expect.
First off, My Millionaire Mentor starts off with hype and testimonials, including ones by people who seem to have done amazingly well.
The levels of income are really too good to be believed, which should be an immediate red flag. In fact, the site says that they are ‘extraordinary’ results. Nevertheless, there is still this implication that you can earn a lot of money too.
If you read through that disclosure statement, it basically says that results vary dramatically, with some people doing well and others earning nothing at all. So, in that sense, this is like any other business.
Yet, you wouldn’t know that from the marketing. Instead, this is supposed to be a proven system for making money.
Basically, when you get down to it, My Millionaire Mentor is about joining a ‘club’ that supports you in earning money online, while having access to a system for making that income.
First of all, the actual technique that My Millionaire Mentor is talking about is affiliate marketing. Now, affiliate marketing is a legitimate system and a very accessible one. But, it isn’t unusual. There are dozens of different programs teaching people how to be successful along with hundreds or thousands of websites providing information.
My Millionaire Mentor is taking that general concept and teaching a specific set of steps for success.
Realistically, affiliate marketing works but there aren’t any shortcuts. Despite what My Millionaire Mentor claims, being successful tends to take time and effort.
Now, one difference is that apparently you can make larger commissions with My Millionaire Mentor.
These commission levels are much higher than most affiliate programs. But, that’s not always a good thing. Typically, high commissions mean that the products your selling are expensive. After all, the price of the product has to be at least as high as what you’re earning – or the company would go bust.
What you’re actually promoting doesn’t come from My Millionaire Mentor at all. Instead, it’s via a company called MOBE (headed by Matt Lloyd). MOBE is a parent company for a number of different businesses including my Millionaire Mentor and the following:
You even see the MOBE logo on the purchase page for My Millionaire Mentor.
MOBE is a site that provides training at various levels along with various other products.
The high commission actually comes from the latter three programs in the list, which earn $3,300, $5,500 and $10,000 in commissions. The catch is that you have to buy that membership tier to be able to sell it, so getting the high commissions would be expensive.
High commissions aren’t necessarily a good thing anyway. You are selling more expensive products and that is difficult. After all, people are pretty reluctant to part with their money, especially for products that they weren’t originally interested in.
Basically, the concept of My Millionaire Mentor is this…
You sign up for their site and pay the fees, which then gets you the community support and whatever training they offer. There will probably be some products that you can promote immediately, while you have to buy the core training programs from MOBE to promote those.
It’s easy to see how that could get expensive.
In fact, as I was reading other My Millionaire Mentor reviews, I noticed that upsells seem to be fairly common. In particular, you have to buy hosting through the site to even get started.
That technique is a common scam because you always have to pay more than hosting is actually worth.
Benefits and Advantages
The one advantage of My Millionaire Mentor would be that the underlying concept is affiliate marketing, which is a legitimate system. So, you are learning an approach that can work for making money, although it’s likely that the training isn’t as good as My Millionaire Mentor implies.
Issues with My Millionaire Mentor
If you did get involved in My Millionaire Mentor, you’d have to be very careful with the upsells. Both My Millionaire Mentor and MOBE tend to exaggerate the potential for income and could easily trick you into spending more money than you need to.
At the same time, what do you even get for the extra cost?
That’s probably the biggest issue that I found with this My Millionaire Mentor review. I mean, you’re paying for the product and for hosting, plus whatever other upsells you end up buying into.
There are cheaper ways to learn the same techniques and even to get community support.
In fact, you don’t even need to buy hosting at the very beginning if you don’t want to.
And, if you did want hosting, then I always recommend shopping around. You don’t want to be going with a random company because you are being forced to. Odds are that the hosting they are offering isn’t good and is expensive.
Is My Millionaire Mentor a Scam?
Even after writing this My Millionaire Mentor review, I’m torn about whether or not to call the site a scam.
On the one hand, it is certainly manipulative and the whole ‘system’ is just affiliate marketing training with a lot of upsells and some hidden costs.
But, on the other hand, affiliate marketing is a legitimate way to earn money and some of the concepts that My Millionaire Mentor teaches would probably work.
So, it is a little debatable.
My Personal My Millionaire Mentor Review
Scam or not, I would never recommend My Millionaire Mentor.
You’re paying $49 plus hosting and upsells, without even seeing the type of training or support that you’re getting.
And, when it gets down to it, you’re supposed to be promoting the same type of product that you signed up for.
I don’t know about you, but wouldn’t feel right manipulating people into purchasing a product like My Millionaire Mentor or anything that MOBE produces.
And, the thing is, you don’t need to.
As I mentioned before, there are affiliate marketing training programs out there, including ones that are much better than My Millionaire Mentor or MOBE.
The one that I personally recommend is a site called Wealthy Affiliate. The site is designed for beginners as well as those with more experience, so there is a large amount of training at your fingertips. There is also a community aspect, so you can turn to others for support.
One of the major advantages that Wealthy Affiliate has over My Millionaire Mentor is that you get to see what’s involved before you pay for anything. In fact, Wealthy Affiliate has a free membership, which can be a great introduction.
You can even host sites through a subdomain on Wealthy Affiliate and learn that way. Then, when you’re ready to, you can transfer to your own hosting. So, it’s the perfect way to learn without the risk of My Millionaire Mentor.