Is Wifi Millionaire a Scam? The Truth Behind Matt Lloyds Program
Wifi Millionaire is nothing new. It is simply a shiny new cover to a program that has been around for years. If you are interested in buying this program I highly suggest you read my review first. I am very familiar with this program and can tell you a lot of things that you should know about it that they aren’t going to tell you.
Anyway, let me get straight to the point here… Is Wifi Millionaire a scam? Should you trust Matt Lloyd? The answer to that is no its not a scam… but this answer is complicated. There are definitely some “scammy” aspects of this program and some things that might turn you away once I go over them. In this review I’ll be going over what this program actually is, what you get with it, how you make money, etc. So sit back and take 5 minutes to read this over…
Wifi Millionaire System Review
- Name: Wifi Millionaire (cover name)
- Creator: Matt Lloyd
- Price: $49 + upsells
- Recommended?: I’ll go over this at the end
What Is Wifi Millionaire?
As I said, Wifi Millionaire is just a shiny new cover to a program that has been around for a while. It was created all for marketing strategy.
Imagine there was a book that had been around for several years. Just about everyone had already heard of it, and it was old news. But now imagine that this same book was revamped up… it was given a new name and a shiny new eye-catching cover.
Now it was re-marketed under this new name and with this new fancy cover. Now it caught the attention of everyone that had already heard of the old program along with those who haven’t.
This is basically what Wifi Millionaire is. It is new name and cover to an old program so that it catches more attention.
And this is nothing new. This program has been marketed under several different names for the same reason, Wifi Millionaire just happens to be one of its newest names. Other names it is marketed under include: Ultimate Dot Com Lifestyle, My Top Tier Business (MTTB), and a bunch others.
So what is this program?
Its Called MOBE.
A Little Info On MOBE
You probably already know it was MOBE if you got referred to Wifi Millionaire by one of the sales videos. They show a bunch of people holding up checks for thousands of dollars with the name MOBE on them.
What Is It?
But anyways, what is this? MOBE stands for My Own Business Education.
It is an online business platform that provides training, tools, and done-for-you resources for online marketing.
They provide a 21 step system that is designed to get your own online business up and running with you making sales and earning commissions at the end.
Some of the done-for-you resources that they provide are sales funnels and lead pages which will help you make sales.
How Much Does It Cost?
MOBE is known as a “high ticket system”, and Matt Lloyd even mentioned this phrase in some of the sales videos.
This means that it is extremely expensive.
The $49 that it costs to start out is just the beginning. There are upsells galore. And just to show you a few…
- The Vault – $99 per month
- MOBE Elite Earners – $97 per month
- Email Marketing Empire – $194
- The OPT Formula – $194
- Funded Proposal – $194
- Affiliate Bonus Domination – $291
- 10,000 Leads In 100 Days – $1,997
- Online Income Revolution – $997
- The 90 Day Challenge – $997
And just to give you an idea of how high priced this program can get… the highest priced monthly membership level costs $15,000/month.
Remember how you heard that with Wifi Millionaire you could make big commission checks of over $1,000 on just one sale?
Ya… that is because you are getting other people to buy MOBE’s extremely high priced products and you are earning commissions off of it.
How You Make Money
With the tools, training, and resources they provide you with at MOBE, you could possibly make money marketing online however you wish to.
But what you will find is that you will be overwhelmingly pushed to market MOBE to other people.
Remember the done-for-you sales funnels, lead page, etc that I mentioned? All of these are specifically designed for you to go out and sell MOBE to others.
On top of this MOBE is also a MLM business, which means that if you want to make good money in it then you are going to have to recruit, recruit, recruit. You can make money by the efforts of those recruited in beneath you and the more you recruit the better off you are.
So what you do is go out and recruit people in by telling them how easy it is to make all this money online. You tell them about how you can earn $1,000’s per sales and you tell them all that they want to hear.
The Forced Buying
Remember all the upsells that I talked about MOBE having… well you are going to get to know them a whole lot better if you buy into MOBE. Because chances are you will be buying them.
If you want to make money promoting MOBE’s products, which is what this is all about, then you are going to first have to buy them.
If you only have the $49/month membership then that is the only thing you can make money off of. You won’t make anything from the other products.
This is how they force you to buy products that you don’t even want to buy. You don’t want the products for what they are, you just have to buy them if you want a chance of making money with MOBE.
What They Don’t Tell You
One thing that they don’t tell you is that it is extremely difficult to make money with a system like MOBE. MLM’s like this just aren’t very easy to be successful in.
They are focused on recruitment. If you are a good salesperson and you can get others into the system then you can make good money. But you are going to have to be a recruitment machine. You are going to have to be a heck of a salesman.
With MLM’s like this it is something like 97% of people end up failing. It is a overwhelming number that goes to show how difficult this really is.
Final Thoughts & What I Recommend
Don’t get me wrong. I am not saying that you can’t make money with what is provided at MOBE. MOBE has a lot of good solid training and other resources. There is no doubt about that. I just don’t care for how they really push you to go out and promote this same program to others.
Its all about buying MOBE and its upsells, and then selling MOBE to others.
I would only recommend MOBE to those who have a decent amount of money to spend (because it is going to cost you) and don’t have a problem with this rather unethical business practice.
A Better Suggestion
If you are interested in making money online in a legitimate way then I suggest you read my review on Wealthy Affiliate.
Wealthy Affiliate is an online business platform that provides training, tools, support, and other resources for people to make money online. At Wealthy Affiliate you will learn how to create a website, drive traffic to that site, and ultimately make money promoting other people’s stuff online.
They teach you and guide you one how to make money affiliate marketing, which is when you promote products and make commissions. This is the same way that MOBE teaches you to make money. The difference is that Wealthy Affiliate doesn’t push you to promote their brand. You feel free to promote whatever you want to.
It is a great place for beginners to start out and it is where I started out. There is easy to follow step by step training. And possibly the best part of it all is that they have a free membership where you can get started for free and test drive the system. I have already written a review that you can read by clicking the link below if you want to know more…