There thousands of different opportunities for making money online while enjoying in the comforts of your own home. My Business Venture has been one of the more popular and preferred options for the past years. And in this “My Business Venture is a Scam For You But Not for Me Review,” we’ll find out exactly whether it is a legitimate platform for earning extra income.
Like I mentioned earlier, there are now multiple ways on how to make money online. Answering surveys, watching videos, and trading are just some of them. There are also opportunities to earn from downloading apps, doing freelance works, or, the best for me – affiliate marketing.
For a lot of newbies in the world making money online, many are hesitating to invest much of their money and skills, which are necessary in affiliate marketing. Some would rather take the easier route, but many would say, “the easy road to earn money is mere scam.”
While this is partly true, it is also partly wrong.
There are easy but legit ways to earn money without the need of too much technical knowledge or bank-breaking money.
And you know what one of them is?
While My Business Venture is a scam for you, it isn’t the case for me.
Ready to find out why?
Without further ado, let’s move on to “My Business Venture is a Scam For You But Not for Me Review.”
MY BUSINESS VENTURE OVERVIEW
Summary: My Business Venture is an online company that claims to help you get started with an online business and also help you succeed.
Product Name: My Business Venture
Founder: Thomas Stidiron
Product Type: Online webstore business
Price: $495 + $99.83 per month to $3995 one time payment
Best For: Intermediate marketers or newbies who are willing to invest $4000 on business.
Recommendation: I’ll have to recommend it for intermediate marketers. The plans are quite pricey for beginners, but if you have money to spare as a newbie, then it might be worth the investment.
WHAT IS MY BUSINESS VENTURE
My Business Venture is a company that provides anyone who signs up as their member with tools, resources, and trainings they’ll need in order to get started with an online business.
It was created by Thomas Stidiron, who is also the CEO of the company, in 1992. It is way more legit than Fast Profits Online, which I recently reviewed. In fact, My Business Venture is an accredited member of the Better Business Bureau (BBB) with an outstanding A+ rating, and is registered with Dun and Bradstreet.
The company makes use of the Dropshipping business model to help you get started. If you haven’t heard about it yet or wasn’t able to read my Fast Profits Online review, Dropshipping is a model where you sell retail products on your online store without the need to stock up on inventory. You also won’t have to worry about shipping or handling the item.
Based on what I’ve seen so far, I can say that My Business Venture is a legitimate opportunity that can really help you start an online business. In fact, it is among my most recommended make money online methods.
What’s admirable about this platform is that it has trainings to help you succeed. But of course, this platform isn’t without any issues or problems.
Chief among the issues is that it’s not actually for people who don’t have a budget to start a business. Another issue with this opportunity is that you really need to be a good online marketer to succeed. Lastly, this opportunity is not really available to everyone.
I will discuss more of these issues as we move further in this “My Business Venture is a Scam For You But Not for Me Review.”
MY BUSINESS VENTURE – FEATURES
I mentioned in my intro that you don’t need heavy technical skills but I also mentioned that you need to be a good marketer to succeed.
It’s not like you are going to analyze graphs in this model like how others do in Crypto trading. The most technical thing you’ll probably need to learn here is making your own e-commerce site. This shouldn’t be a problem when you use Site Rubix. Everything you’ll need to build your online shopping site and cart is in this web builder software.
My Business Venture has its own web builder too, if you’d prefer to use.
However, you’ll need to be a good marketer to succeed. But there’s no need to worry. My Business Venture has services and solutions to get you started in dropshipping.
These are the main Website Services and Marketing Solutions that they offer:
I – Website Services include:
- Website hosting
- Domain registration
- Video Spokesperson
- Web Builder Software
II – Marketing Solutions include:
MBV University – It is created “to help small business owners receive continual education on how to successfully run an online home based business and to help you Profit from the Experience.”
In here, you’ll get access to:
- One on one training
- Visual online training
- Access to Student portal
- Live support and help
- Custom appointments
- Cost efficient results
Social Media – According to My Business Venture, the social media support is easy to set up and gain following. It will help you gain social exposure through low cost advertising.
Custom Logos – They have hired a professional graphic designer with the sole job of creating professional, customized logos for all of My Business Venture clients.
Live Chat Solutions – This is a piece of program that allows any website to easily add a Live Chat System.
Other offerings include:
- SMS Chat
- Search Engines
- Website Verification
- Professional Video Service
My Business Venture provides people with an opportunity to make money online. What they provide is basically an online business that will contain the necessary tools and resources you will need.
The platform offers a variety of different packages that can help you get started with your online business. Each package will include a website that’s pre-created as well as the products you can sell on this site. Pretty simple huh?
But that’s not all.
It will also include a shopping cart, secure payment methods, and many more resources that you will need in order to make a sale.
The website that My Business Venture will create for you will be your online store and where you will direct people to view the different products that you are selling.
And then there’s more!
The company also provides training and can even help you with the marketing aspect of your business. You just need to get the right package that includes all these features.
You can choose from 3 MBV packages, including:
- The Standard Package – costs $495 and an additional $100 for 36 months. This package includes your own website and a list of thousands of products to sell.
- The Professional Package has a one-time fee of $2,795. It includes your own website, products you can sell, Diamond Marketing Package to help you market your site, and a 24-months Search Engine Submission.
The Enterprise Package – has a one-time fee of $3,995. It comes with everything that the Standard and Professional Package has, plus a custom logo, and a Training Package with the MBV University.
WHAT I LIKE ABOUT MY BUSINESS VENTURE
All-in-one online business package
It has everything you will need to start an online business like a website, products lists, and even the marketing strategies that you can use. Your site will be designed to accept several modes of payment so you can accommodate various customers. This means, more profit!
Trainings and courses
Like I mentioned several times in this review, there are trainings to help you succeed further in your online business. They won’t just provide you with the tools to start the business, but also training that can help achieve your goals for the business.
Support is provided for both the customers and members. Not only will they maintain the website that they created for you, but they also offer free shipping for the products that you sell. They will also give your customers 10% price guarantee. This means if you customer claims there’s a lower price outside MBV for a certain product, then MBV will beat it by 10% and offer free shipping as well.
WHAT I DON’T LIKE ABOUT MY BUSINESS VENTURE
You will really need to invest a substantial amount on this opportunity, not only to start your business but also to increase your chances of succeeding.
I’m also not a fan of the paid advertising. Yes, it’s beneficial, but only if you have deep pockets. The plans are already expensive then you still have to pay for your ads.
Training Program is only for Enterprise Package Buyers
I also don’t like that the training program that My Business Venture offers is only available if you get the Enterprise Package, which will cost you almost $4,000. I believe this is too much money to spend just to gain access to the training program.
MY BUSINESS VENTURE – THE UGLY TRUTH
MBV sets up new business owners with the same exact inventory that is offered on thousands of other websites. The design templates, language, and capabilities that are also identical to thousands of other competing websites. This is the reason why I still prefer the use of Site Rubix.
The task of marketing products profitably becomes even more difficult than online marketing is in normal circumstances.
Despite My Business Venture’s claim that their products can be sold for a profit of 35-200%, in practice, the widespread availability of these products makes that impossible.
So therefore, My Business Venture store owners are forced to drop prices in order to be competitive, but still have to charge a higher rate than that of the open marketplace because they have to pay monthly fees to My Business Venture.
Of the many My Business Venture complaints, this is the most common one: that the products CAN’T be sold, and if they are, they cannot be sold profitably.
This is the reason why I told you that you should have good marketing skills to succeed. Dropshipping isn’t an easy business, like I mentioned in my Fast Profits Online Review, because buyers will want some evidence that what they’re paying for really exists. So you need to be very good in doing sales-talk and in finding trustworthy suppliers.
SO WHO SHOULD USE MY BUSINESS VENTURE?
My Business Venture is designed for people who are looking for opportunities that can help them make money online. Like I already mentioned, there are 2 things you need to have in order for you to enjoy this platform. These are money for investing and good marketing skills you can later learn as you buy MBV’s enterprise plan.
If you are someone who has deep pockets but doesn’t have the necessary internet marketing knowledge, then you might need some training first to gain the knowledge required.
I recommend this opportunity to people who are already knowledgeable and experienced with internet marketing and have the necessary budget to make this work. These people are the ones who are likelier to succeed with the opportunity that My Business Venture offers.
After learning more about My Business Venture and what it can really offer, I would say, and like I mentioned in my Smart Start Affiliate reviews, that it is an opportunity that I still recommend. Like I wrote in my Reviews section:
“My Business Venture (MBV) is one of the best E-commerce Service Provider in the world.
They focus on providing you with Done-For-You turnkey solutions for your dropshipping business.
So, if you don’t have the time or you don’t want to struggle with doing everything on your own, My Business Venture is a great option for you, especially with their top-notch support.”
If you are new to making money online and are looking for a free or affordable way to make some money, then this opportunity is not for you.
Want to know a better way to make money online? Join me in the affiliate marketing niche and try Wealthy Affiliate, which I recommend to everyone – from newbies to intermediate to seasoned marketers!
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