Is My Business Venture a Scam And Is it Worth Investing in?

Quick Report:my business venture review

Name: My Business Venture (Also known as MBV sites). The creator is Thomas Stridiron.

Price: Well, it depends on the package you buy, but all of them are quite expensive in my opinion:

  • One is close to $500 up front, then nearly $100 every month 3 years after.
  • The next is almost $2,800 and it’s a one time fee.
  • The last is almost $4,000 and is also a one time fee.

There are also other “mini” expenses for hosting and other things like hosting which would add their own costs on top of the packages.

Overall Rating: 5 out of 10 stars.

Being that this company has been in business for so long, I will give it the benefit of the doubt and give it a cautionary, yet green review score. I also spoke to the owner, so I’ll share what occurred (which was positive).

But I can tell you that the alternative program I suggested instead of My Business Venture is definitely a safe choice, both financially and in terms of results. This is it:

my business venture alternative program

But while I WILL be recommending that program for it’s many benefits, all of which I consider to be better reasons to try it vs MVB, it still deserves a fair review and I want to give everyone details about it. As I said, I have added updates to the original review of MVB and here it is:

Update: The owner of MBV reached out to me, here’s what I want to let you guys know:

On 4/30/18, Thomas Stridiron contacted me via email. We had a good exchange of communication and Thomas was very polite and gave me additional info about My Business Venture. I was glad he contacted me and that our dialogue was positive. 

Thomas mentioned several things regarding MBV including how the business has grown, the success their members see, provided me with a link to it, and added that there’s a lot of good support inside the site, among other perks.

Much of my review below on MBV isn’t necessarily about the company itself as much as it is about the formula under which a program like MBV works, the risks involved and so on. While I am keeping the majority of my existing article on MBV intact, I will say…

The following 3 things:

1) Thomas struck me a good guy and I have no reason to not believe his words. Since we’ve also spoken a number of times, each time I had questions, he always provided proof of his points, which I like. It’s one of the reasons I raised the review score of this program.

What I did also like a lot is that Thomas wasn’t asking me to promote his company, he only really wanted a fair review of it so if there were inaccuracies, he provided me with proof to show that, and I happily made the updates based on that. 

This type of action is very positive in my opinion and shows high quality on the part of the person.

2) I still believe my alternative to MBV which is Wealthy Affiliate is a 100% cheaper alternative and one I would go with if you’re not ready to invest a lot of money.

3) If you have several $100 or $1,000’s to invest, MBV may be a good investment for you, but personally, I still stick to using #2 because I believe more in creating your own online business vs paying a ton of money for a seemingly done for you one.

Either way, if you decide to go with MBV, take a look at their site here, make your own conclusions. 

And now I will continue with the original article:

My Business Venture in a nutshell:

This is a business which creates websites (most likely e-commerce pages) for you that are “ready” to make money once you purchase them. They are loaded with products for you to sell as an affiliate marketer for big companies and/or do drop shipping with them.

The big pitch with this company is that if you pay a big price, you will get a highly quality, nearly “full proof” running business. I mean, if you look at their pitch page, there is a claim made that you can start earning the next day. 

So for people who stumble onto it, obviously the price points they pitch you are enough to make some people reluctant, but once they throw in the pitch that the money will be made back and you’ll also hit profits, that reluctance goes away (at least that’s how I understood their pitch).

The big risk behind a program like My Business Venture. What you need to know:

The idea is that MBV is a company that sells turnkey websites, a topic (aka done for you businesses), which coincidentally I wrote extensively about a week ago.

In that article, my biggest point and warning was that buying turnkey websites was more risky than not and I say this because these points flow well into this review I’m doing of MBV and that the same warnings I gave people on that article, I will give to them here.

But if you wish to read about the risks of buying turnkey websites, that article I just linked to will tell you about them. 

Overall, with turnkey or done for you sites, no matter what the “guarantees”, I am of the opinion that there is no such guarantee and too many factors exist that determine if the business will be successful, and one of those is the experience of the person buying the done for you site.

Important: Even if the system is good, if the person buying it is inexperienced, he/she will not be able to run it successfully.

And I think this is an issue which causes inexperienced people to incorrectly use a system like My Business Venture and complain about it, when in fact, it’s their lack of experience, not the system which causes that issue. They expect things to be done for them, but in reality it still takes work (it always does).

This leads back to my point about a safer starting point being starting your own online business from scratch with little or no investment, gaining the experience and then deciding on buying turnkey websites/businesses. At least then, the experience will allow the person to successfully run the site.

But do these same warnings apply to My Business Venture?

I would say in SOME cases yes. 

Now MBV comes with it’s own insurance in this matter by offering support, help and training to ensure this turnkey website you get from them works for you, so the traditional risks aren’t the same here. 

However, there are some very important things to understand:

1) While this company is quite old and growing (which is a good thing), I have found on MANY occasions that turnkey websites are usually not as guaranteed as they say they are.

Like I said before, I would highly recommend you read multiple websites with their reviews of MBV before making a decision.

2) One of the big things I noticed is that supposedly, you aren’t actually given an existing website, it is built brand new for you and this is a 50/50 thing meaning that on one hand there are no guarantees that it will make money and on the other, I do like that a brand new site is being made for you, since I would probably never buy an existing site because I don’t know it’s history, and whether or not its been penalized by Google or not. 

I have made quite a few profitable websites (here is a full report of each one) but they all started as new sites at one point and I built them up using the training in the Wealthy Affiliate program. That’s the safest way to do it in my opinion.

3) Just because a website is loaded with products and a bunch of other, seemingly cool perks, doesn’t mean it’s guaranteed to earn money.

I can easily make you a website right now, get affiliate links, from a retailer like Amazon, put up a bunch of products and links on the page and call it a big profitable website…

The fact is, these things do not require a lot of work or experience. And if you don’t have the work ethic or the experience, you’re not going to succeed, not with MBV or any other site. And if you do have the work ethic, but don’t have the money to buy the turnkey site, then I would go this route:

Here are the real factors that will determine the success of the site:

-Is the page you get a niche related page? Well based on the things I saw, no it’s not. And that can be a problem…

-What type of marketing is done for the page you get. And so far, I saw one thing that arose my reluctance even more:

my business venture pricing breakdown

What you see there is a price list of the packages offered by My Business Venture. Now I circled the “search engine submission” area because that one struck me as a bit questionable.

I say that because anyone who knows anything about making websites will tell you that if you have one and you publish content, that Google will find it on it’s own, for free.

Is this “submission” claim a marketing tactic or something they charge you extra for? Because if it’s the latter (and I see some companies try to get away with this lie), then it’s a scam.

So I would ask MBV about this submission and IF there’s an extra charge to it…

4) Other things… 

  • Where is the authenticity of this program? Update: There is.
  • Where are the pictures of the support staff? Update: I didn’t get this, but there was a link to support.
  • The creator? Update: I was reached out to by the creator, he is a real guy so that’s good.

Now one of the ways I first discovered MBV was through this site:

Now I am mentioning this site as part of the review because some people may find MBV this way. I just want to let you know that in registering with it, you will get a call from the support of this program.

But in addition to that, you will be transferred over to the MBV site where you will be able to see the packages, but you’ll also be given a smart eBook on online marketing and basic terminologies and ways to make money.

While I found the eBook to be alright and even pretty good with the information it provided, it was extremely vague and not really a resource beginners can take and work from.

5) The price.

This is going to be a mixed thing. I will say the prices charged by this company are actually legitimate and if I were making a page for someone, I would probably put the same type of price tags on my services.

Now before you call me out on contradicting myself in JUST saying earlier that I could make the same types of websites MBV makes, but for free, hang on for a moment…

What I was talking about is the general idea of creating a page and putting product links on it. That literally takes VERY little effort, and like I said, there’s factors that affect the success of your site.

Now those factors (marketing + niche) is where the real, authentic price is at. If I were building a website for someone, THAT is what I would charge them big money for, NOT to make a page and put up product links on it.

In the case of MBV, I sincerely hope they do all of this the right way. Perhaps someone from the company can comment on this and let me know what type of marketing they do.

  • Do they set up PPC accounts for you and run your ads on a budget that converts well?
  • Do they blog for you and provide unique content that targets keywords for traffic generation from Google?

You don’t have to worry about these questions if you don’t know about online marketing, but if I were in the position of someone looking to hire MBV, I would absolutely ask those questions, because they are the key things I would look for to determine if a website I’m making will succeed or not…

Final Rating: My Business Venture.

Green Flag (If you know how to run the site you get).

5 out of 10 stars. Their time in business, plus their legitimate pricing is really the main reason I ranked them this way. Other than that, there’s really not enough evidence I’ve personally seen that shows this company can make you great, profitable websites. So I can’t give it a full recommendation.

In my experience, no site or service can ever provide 100% guarantees to success. Even the alternative program I recommend can’t do that and I make absolutely sure people know that.

But at least with the Wealthy Affiliate alternative, you WILL save money and truly get good education, but it will still rely on YOUR hard work to actually…work.

My final thoughts:

Look my main points about MBV is this are as I said before:

1) If you have an extra few $1,000 to spend and know how to run a site/do marketing for it, I would say you can try this business out. If not, there are less costly ways to build a successful online business site:

2) Again, there are simply no guarantees, especially with “turnkey” businesses. Every single investment has it’s risk, please do not believe that there’s actual “full proof opportunities” out there, it cannot happen with MBV, even the alternative I provide, nothing, it depends on the business and the work you put in, remember that.

At least with what I present, you risk basically nothing…but I will tell you, what I propose actually has great educational lessons on building a real business (I’m sure MBV does too, but again, there’s less financial risk with my option, especially if you haven’t the money to invest into something like this).

3) And finally, MBV as I said numerous times may be more appropriate for those with money to spare and little time to work on their websites. My experience has taught me to do these things myself and start websites from nothing and build them up on my own (and hire freelancers as well). But there are good programs which can help you avoid that work. MBV is quite possibly one of them.

I know my review is a bit open ended and if you should try MBV or not, but I have changed my viewpoints on it since I spoke to the owner. I still don’t like the idea of putting in so much money into the business, still recommend my Wealthy Affiliate alternative if you are of the same opinion and still believe in doing that myself so avoid that financial risk.

My Business Venture

$500 and up.
5

My Business Venture Score

5.0/10

Pros

  • MBV is legitimate.
  • The owner seems very professional.
  • DFY services can work if you have experience.

Cons

  • I personally do not use DFY services due to the risks.
  • There are no guarantees. You need to be experienced to run a DFY business.

17 thoughts on “Is My Business Venture a Scam And Is it Worth Investing in?”

  1. It’s been a while since no one has spoken about MBV and coming from experience of working with someone who dealt with these dolts, I’d say forget about it. All the stuff they have you can get it for half the cost on Amazon. They claim you can start selling right away and that’s also false. People are not going to flock to your site of overly expensive products when they can get the same exact thing elsewhere.

    They try to sell you the wholesale business to business scheme and guess what, others are doing the same so you need to be really creative if you do that.

    They mislead you with shipping to Canada as their supplier only has a limited amount of items to do that plus once your site is created Canadian customers are unable to order from you so that’s the point?

    Forget about their marketing section. Supposedly they partnered with a big digital marketer but it’s much to be desired. I also saw that they do it internally and it’s laughable at best. Keep your money and do your instagram, tik tok, facebook yourself. If you’re going to do ads well keep that in mind as you will need to bring traffic to your site. It will take a long time.

    They also sell you on the affiliate marketing but the rate they want to give to affiliates will kill your bottom line as for a lot of the high cost products, it eats away at your profits and you end up losing if you don’t do your homework and are decent in math.

    Lastly if you really want to do your own business, it’s better to start off with affiliate marketing. Build your brand and then once you know the business, you can branch off and do your own thing. Maybe by then you may only want to stick to affiliate marketing. If not, you might find the new hottest thing to market and your skills will be toned so you won’t have a problem selling it. Good luck.

    Reply
  2. Don’t do it, it’s a scam! You can’t compete with the money that Amazon, etc. has to even be relevant in people searching for your business. They only have a good BBB rating because they settle when you’re not happy and they also have you sign a contract that is incorrect (lie) as to why your business is closing, but you do it because you’re desperate to get money back. The contract states that you can’t bad mouth them on any social media. I’m tired of being taken advantage of these types of predatory people. Don’t lose your money to a literal “dream”.

    Reply
    • Hi Julie, I’ve seen similar thoughts on MBV before but I think I’ve been pretty objective on my views of it (I think Wealthy Affiliate is better).

      I’ve also communicated with the owner several times to get their side of complaints. While I’m not discrediting what you’re saying, I do believe in offering both sides the option to say their positions, so if the owner of MBV chooses to respond to this, I’ll be publicly making that comment available.

      Reply
  3. Hi and thank you for helping me to better understand this business. I have a marketing idea in mind based on the fact that I’d like to target a specific niche (hair and beauty), due to my husband’s long professional experience in this.

    My Business Venture sounded very interesting because the amount they ask for, I thought it was reasonable, even in the $4K program. I just don’t know if the products that I’d like to sell have an affiliate program or not, because they would be top products in the industry.

    What you are saying is that you offer the same type of service with Wealthy Affiliate, but it would request more work to set it up and less money to invest, correct?

    Thanks

    Reply
    • Basically yes, Wealthy Affiliate does provide a lot of free tools you’d pay for within My Business Venture, which would actually be set up on their own without you working on it: Initial site set up, hosting, support, other tools for it and training.

      But you would have to grow the site yourself and to be honest, I would 100% suggest you do it that way than through MVB because of 3 reasons:

      1) It sounds like you’re very new to this, so even if you do pay for a site from MVB, running it will still require you understand marketing, so you’ll still have to learn it anyway.

      2) WA is one of the best ways to become an experienced marketer and honestly, knowing marketing yourself saves you more time and headaches in the long term, whereas in the beginning you do need to put in the time to understand the general principals and do the work.

      3) Price. Absolutely WA is a better deal. You basically save $4k right away because you can join it for free and their $49 a month or $357 a year deal is SO much better and provides way more than you would imagine.

      The idea you have about starting a site for hair health is a good one, and I would recommend it be on something like hair loss solutions for men and women. With that, you are 100% sure to find TONS of products to promote on the site, and WA will show you how to find the specific affiliate programs that pay well.

      Reply
  4. So, I am looking at MBV and too are skeptical. My thing is that if this opportunity is real why won’t they give out a couple of real recommendations from their clients. Second, if that wiseowlretail is their template, that’s not good. I do not have a problem with the packages (if they are real). One question I have for the author (Vitaliy) is if anyone can create or have created a slick website, where do you get inventory to sell.

    The free shipping (MBV) talks about is intriguing. I am a former business owner that had a on-line business (technology) with a back end merchant account and did pretty well. It was not cheap to set that up so that is why this is intriguing to me. Lot of gray areas here and not a lot of clear concrete evidence. I very much appreciate your review and your insight on this type of business.

    Reply
    • Hi Denny, as an online business owner myself, people often ask me that same question regarding inventory. There’s actually several answers:

      1) You can buy inventory wholesale and re-sell it on your site as a merchant.
      2) You can promote the item via affiliate marketing in which case you do not need any inventory, you just find a place that has it, and promote the items.
      3) You can create your own product and sell that. Now if it’s digital, then really don’t need inventory since it’s limitless, because it’s digital.

      I personally rely on options 2 and 3, but that’s usually not a problem for me. What is most important is finding a niche audience to sell to. That’s why I tell people to try Wealthy Affiliate as it shows them that, and gives them websites to use for this as well as where to find products to sell on that given website.

      Reply
  5. Vitaliy,

    I’m not affiliated with MBV in any way. I only have had some experience with talking to one of their sales reps over the phone, and from what I have researched online about MBV. I too have thought about trying MBV out to see if I could make money with it.

    From what I can tell, the president and CEO (and I would assume the founder) of MBV is named Thomas Stridiron. He is the former president of a company called E-Commerce Exchange.

    The sales rep that I spoke with was named Thomas Sullivan. He told me that basically they don’t do anything in the way of marketing, they ONLY run the back-end of the website, while YOU the customer are responsible for how you market your website, and for the customer service end (albeit, he did say they teach you how to market correctly).

    In their defense he also told me this website is not for everybody. He said he has turned people away before because they thought they could just work on the business only a couple hours a week. He says you need to put at least 9 hours a week in(I would presume he means putting time in to market your website).

    He also told me he can’t guarantee any success because it depends on how well you market your site as to how well you can do. (Makes sense).

    He did however give me an actual website that one of their customers owns so I could look it over. The name of the site is wiseowlretail.com

    I seriously thought about giving this a try to start a dropshipping website of my own. If I do, and this site is still up and/or active, I may try to drop another review to let you guys know how it is.

    However, one sketchy point for me too was the lack of actual customer reviews ANYWHERE! The only reviews I can find are pretty much “generic” reviews, you know, the regular run of the mill things people say when they are PAID to say something (not saying they are paid to give reviews, it just seems really odd), (unless the business is soooo good that they don’t want to spill the beans, and have EVERYBODY trying to get into this business model or something lol).

    Anyways, I just thought I would post my experience with MBV so you folks could see another perspective.

    Cheers.

    Reply
    • Hi David, thank you so much for taking the time to post your experience with MBV and being so thorough yet open minded about them. I also took a look at the site you mentioned in your comment (with the owl) and I have to say, nothing about that site speaks towards the success of MBV.

      These days, making such websites isn’t exactly difficult nor expensive. Plus looking over it, it seems like a general, sell anything type of eCommerce website. People who do not understand websites, traffic or making sales look at websites like those and think they must be doing well, since they sell over so and so types of products, but frankly, it’s pretty easy to set this up and do affiliate marketing/drop shipping, just get the links, pictures and make people think you’re successful with the site.

      But in reality, there’s far more than this required for it to make bank and that’s just something MBV has not sold me on, not even close frankly.

      In fact, if someone came to me and gave me that particular site as an example and told me to make it, I would tell them no because it doesn’t appear to have the right type of marketing in place to actually have it making sales.

      I would instead try to convince them that they need to start fresh and not be given all this stuff at once to figure out. A big problem also is there is no niche specific focus, just a general, “sell anything” type of website. Successful websites these days are not like “superstores” that sell anything, they are niche oriented blogs/eCommerce pages. The only examples of the Superstore websites that sell well are Wal-Mart, Amazon, Best Buy and others like it, which there are few of and I can tell you, people will buy from them more often than look alike websites.

      Anyway, that’s my overall position. You strike me as a person who does his research and is genuinely interested in these things. Have you taken a look at Wealthy Affiliate? That’s a great program in my experience and I think it would really interest you.

      Reply
  6. I read about selling turnkey websites for the first time. I find this topic very interesting. 

    I totally agree with listed risks of buying/selling turnkey websites, especially from the point of the buyer. 

    And…without having skills, you’re not in charge in your own business. Personally, wouldn’t be happy with that solution. For the same reason, I wouldn’t purchase MBV. I find it too risky as well.

    Reply
    • Well with MBV, it’s more than just a turnkey website, it’s really just a brand new site which has NO history of success of proof it works and I’ve already listed why that is very risky, so add that issue on top of the regular turnkey website argument I make and the risk is even bigger then…

      Reply
  7. Not sure if this a scam or not; but it does not seem like something I would purchase for the amount of money they are requesting. Building websites and adding links is something anyone can do. As you pointed out this does not guarantee profits. I have never heard of this company. I know you mentioned that they are not a new company. Thank you for the review.

    Reply
    • I’m not against the idea of buying their services, but I do question their transparency and that they aren’t showing me enough examples of what they make so an experienced guy like myself can judge if it’s legitimate or not. This lack of showing me stuff, makes me question if it’s good or not.

      Sure if you read their site where they list all of the things that go into their website building process, it sounds great to someone who doesn’t know a thing about this business, but honestly a lot of it is not that special. I honestly need to see examples before I give this program more stars.

      Reply
  8. Wow! I read about turnkey websites for the first time last week, but the post I read was actually endorsing the MBV model.

    I had a few questions when I read it, but I’m so glad I came across your review. It is way more in-depth and explains things so much clearer.

    I feel I have a better understanding of what MBV actually sells and now I don’t think they’re as worth it as I had previously thought. It does sound like a risky business. Thanks for shedding light on this!

    Reply
    • You really just have to look past the fancy bullet points they make and understand most of those things aren’t that big of a deal Kayla. it is the quality of those things they put in the bullet points I am more interested in and like I said, they provide NO example websites for me to see that they know about this stuff.

      Reply
  9. This is actually the first time that I heard about this company online. After reading your review about it, I would also be reluctant to invest such money for a business that I am not sure of getting profit from. They are asking for huge amount of money even for their starter finance package, I would think twice and read more reviews about it first before letting my money go down the drain.

    Reply
    • Yes this is why I told people to look at other reviews of people who did use it and NOT just to depend on the one I put up here Carol, you’ve got the right, idea about being careful with this investment and not buying it right away.

      Reply

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