Is the Money Academy a Scam? Do you want to know if it can really help you earn some extra cash online? Are you curios if it is a legit online system? Well, here is my in depth Money Academy review and I hope that this can help you learn more about it.
Before we jump into the review proper, let me point out that I have always been making reviews about various internet marketing programs. I made this as a passion because I want to impart to everyone my knowledge and experience towards these systems. By the way, if you want to start a legit way of earning, check out the #1 recommended work at home opportunity.
Company Name: Money Academy
Owner: Matt Lloyd
Price to Join: $49
My Rating: 4.3 out of 10.0
What is the Money Academy?
The Money Academy is a system that claims to allow you in making a lot of money online. However, it looks like that the system is closed right now. This system exists for promoting MOBE, which stands for My Own Business Education.
MOBE is a system by Matt Lloyd. The system may stay closed forever or it may open again, but it is hard to say what is going to happen. The website has been updated and now it does not show the video and description of the system. I will review this system based on how the website looked before it was updated.
In this review I will take a closer look at this system and try to determine whether this is a scam or not. This review is unbiased and based on my honest research about it. I recommend that you read the entire review before thinking about joining this system.
How Does The Money Academy Works?
It does not matter what the website claimed as this was just an attempt to make you sign up for MOBE. The owner of the website made commissions from the people who signed up for MOBE. Actually, the claims that were made on the website were not accurate like the claim that this was a hands-off business.
There was a guarantee that you will be paid $500 even if you do not succeed on the website of The Money Academy. The $500 is just a trap and it was just another way to ensure that more and more people will sign up.
The testimonials on the website were done by paid actors and this is also a sign that the website is not genuine. However, MOBE is a legit way to make money and it works by simply selling educational products. You can sell more products if you buy them and higher commissions can be earned by buying high-priced products.
MOBE offers a 21 step training program and it teaches you about selling the educational products. The training program is called My Top Tier Business. It will teach you about promoting the educational products on many platforms. You just have to focus on sending the customers through the sales funnel and the rest is done by MOBE. For every product your customer buys, you may get a commission and make money.
You will be contacted by a personal coach as soon as you join and the coach will try to make you buy more of the digital products so that you can sell them for higher commissions. MOBE works by promoting itself and selling more and more products.
Since The Money Academy tried to hype up the training by using fake testimonials and baseless claims, it just goes to show that the website has not been completely honest. MOBE can be a good opportunity, but it is not for everyone and it is not some get rich quick scheme.
How Much Does It Cost to Join?
You can join MOBE for $49, but there are a lot of upsells and you can end up spending more than $10,000 on them. You cannot join through the website as the option of joining is no longer available. If you decide to join, then you need to be very careful and refrain from spending money that you can’t afford to lose.
How Much Can I Earn?
I know that after spending some serious cash some people might think that they will earn a lot of money, but that does not always happen. You will not make much money just by buying the $49 training because this is how this platform is designed.
You will need to risk more money to earn more money. I cannot predict the earnings accurately, but I can try to estimate your earnings.
Newbies will struggle to sell the products because of the absence of experience in marketing the products. Honestly, I think that the products are over-priced and many people are buying them only to resell them to other people.
Over-priced products mean that a newbie will have a tough time selling them. So I think that the earnings of most newbies are not going to be great.
Experienced marketers might perform better than newbies and sell the products well. This can prove to be a game changer for experienced marketers if they market the products well. There is no guarantee that experienced marketers will succeed so they also need to be careful.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
There are a lot of upsells.
The products are overpriced.
The Money Academy is a scam because the website tried to set false expectations and use fake testimonials. MOBE is not a scam and it is important that I clarify that. However, I cannot recommend joining MOBE to newbies because I do not think that newbies will have much success with it.
Experienced marketers may join MOBE if they are willing to take the risk, but I am not going to recommend it to them as well.
The Money Academy has been founded by someone who wants to set unrealistic expectations and use those expectations to make people join MOBE. I do not think that the people behind MOBE are aware of the fact that The Money Academy is a sales funnel for their website which is scamming people by making false claims. Good luck and stay away from scams.
- If Legit, Great Earning Potential
- Overpriced Products
- Hyped Up System
- Many Upsells
Is there Other Way to Earn Online?
I know that you want to join the Money Academy because you are eager to earn some extra cash online. I also feel that you already want to quit your daytime job and you see that this system is a quick source of income.
Actually, I also felt the same way as you before. I thought that making money online is easy. But I realized that it is not that easy to attain this goals. It is not enough to buy a program and just follow the steps and training.
I believe that a support system is far way more important in order to be successful in this type of business. In this way, if ever you have questions about anything, you have someone to run into.
Now, your next question is, how can you really make money online? My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And this will enable you to enjoy your working time at home.
Basically, you will earn by just following your passion and sharing your thoughts about it to other people.
Right now, I am on my first year in this community and I am already enjoying the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the The Money Academy, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences on the comments below!