My Business Venture is a scam or isn’t it? There ‘s been a lot of talk about this make money online (MMO) scheme and some are wondering if it’s legit or not. The claim is they can help you start a successful online business, but can their platform really help you make money?
Let’s take a closer look at My Business Venture and see for ourselves…
Company Name: My Business Venture
Owner: Thomas Stridiron
Price To Join: $795 Deposit
My Rating: 7/10
~ My Business Venture Reviews ~
Congrats on finding your way here and reading my review of My Business Venture. The fact that you do your research before joining anything shows that you are wise and likely to never fall victim to a scam.
I love the internet because of all the opportunities it presents to make money. Plus, the internet never sleeps. We all have access to a global audience 24 hours a day, every day. This is perfect for the online entrepreneur.
The downside to the online world is the growing number of scammers. These parasites realise so many people look to the internet these days to search for ways to make money, so they prey on that and invent schemes that are only designed to make them money and not us.
I started my Laptop Freedom Living website to help my readers find legit and profitable ways to make money, especially online. Therefore I focus a lot on reviews, where I research make money products and training platforms to see if they’re any good or not. It’s reviews that help us make smarter choices.
When the opportunity called My Business Venture came onto my radar, it sounded pretty interesting, so I decided to research the platform and write a review on what I discovered.
Let’s now see if My Business Venture is really worth your time and money or not.
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What Is My Business Venture About?
In one form or another My Business Venture (MBV) has been around for more than 20 years. The company was started by Thomas Stridiron and it focuses on selling franchises for ordinary people to start eCommerce stores.
These franchises are offered as a turnkey solution to conducting business online, so you don’t have to be any sort of expert to get started. Basically you can shoot right out of the gates and start earning money a lot sooner than if you had to start from scratch or figure everything out for yourself.
MBV has set things up in such a way that clients are virtually getting a business already built, so it’s kind of like a business in a box.
The company focuses on eCommerce stores, and more specifically, using the drop shipping model to populate the store and fulfil orders.
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What Is Drop Shipping?
For those of you who aren’t sure how drop shipping works, I’ll very quickly explain the process here.
With eCommerce stores you can basically have 3 options.
- Affiliate store
- Your own products
- Drop shipping
An affiliate type of store would be like putting Amazon ads on your website and earning commissions when people click through to Amazon from your product listing and make a purchase.
The majority of eCommerce stores would fall into category 2, where you have products in stock and ship them out to customers when someone buys them.
Another very common way of running an eCommerce store is with the drop shipping model. You don’t need to pre-purchase products or create your own. In fact, you don’t stock any products at all. You do deals with suppliers that allow drop shipping and post their products on your internet storefront.
When someone buys from your store, they pay you. You then send the order through to your supplier, pay them the wholesale price and the amount to cover shipping. The supplier then packages the product and ships it directly to the customer.
You make money from the mark up between the wholesale price and retail price you decide to sell it for.
This model is beneficial because you don’t need to find stock, order stock, outlay money for stock or ship any orders.
What’s Inside My Business Venture
As I mentioned towards the start of this review, My Business Venture aims to remove all the hard work and headaches from starting a business online. That’s the main concept of their platform, to make things as easy and ready to go as possible.
If you join MBV you basically have all the tools and training you need to get going as quickly as possible.
Let’s take a quick look at what’s on offer:
- A professional website
- Domain name for your store
- SSL Certificate for site security
- Live, updated product feed
- Over 10,000 products to choose from
- High speed secure web hosting
- Credit card and payment gateways
- Encrypted shopping cart
- Custom logo
- Marketing campaigns
- And much more…
One of the most daunting things for newcomers to eCommerce and drop shipping is first being able to make a website that’ll do the job, and secondly, being able to source quality products from reliable suppliers.
The MBV team have covered those two key areas by providing you with you own secure website, domain name (which you choose) and secure hosting for your shiny new eCommerce store.
Your website is even set up with payment gateways, live product feeds to easily populate your store with products, along with some training to teach you what to do and become profitable.
There are 3 main packages you can purchase in the My Business Venture range, depending on your requirements and your financial situation:
- Standard Package – $795 Deposit + 36 x $99.83 Monthly Payments
- Professional Package – $2795
- Enterprise Package – $3995
The Standard Package (which ultimately works out to be the most expensive) actually gives you the least overall. For this price you basically get the custom built store and hosting.
The Professional Package is the most popular. With this one you get everything in Standard, plus access to their marketing strategies so you can drive traffic to your store and make more money.
The Enterprise Package gives you access to absolutely everything My Business Venture has to offer.
eCommerce and Drop Shipping Are Not Easy
Depending on the package you buy with MBV, you may or may not get help with one of the most vital aspects of having a successful drop shipping business, and that’s traffic.
Traffic = $$$$$
It’s that simple. Without visitors you’ll make nothing.
You’ll either need to learn how to get a lot of free traffic through content marketing (blogging, social media posts and so on). Or, you’ll have to allocate a monthly budget to spend on paid advertising, such as Facebook ads.
I actually like Facebook ads the best, because they are visual and more targeted at your desired audience.
Paid advertising is a far quicker way of getting results too, but of course you have to pay for that traffic.
Drop shipping has become so popular that millions upon millions of people are doing it, so competition is fierce out there. Shopify is an eCommerce platform that allows people to easily create eCommerce stores, and these days many of those stores use the drop shipping model, sourcing products from China’s AliExpress and importing them using the Oberlo app.
Payment processors, such as PayPal and Stripe, have recently been cracking down on drop shippers, due to chargebacks because of extremely slow shipping times for purchases made in China.
You can still use these payment processors, but they’ll often put a hold on your funds, ranging anywhere from 21 days right up to 6 months or more. They do this in case of chargebacks.
I’m not mentioning this stuff to suggest drop shipping sucks. I still think it’s an awesome business model. I’ve just mentioned a few things to be aware of.
This is targeted at people looking to start their own online business – eCommerce – but have no knowledge of how to get started or what to do.
My Business Venture have it all covered, depending on the package you buy into.
While they do make it easier, they also make it out to be a lot simpler than what it is in reality. Drop shipping is great and it’s cost-effective, but it’s not without its hiccups, and those are increasing all the time as this industry gets cracked down on.
What I Like
- Drop shipping is a much easier and cheaper way to get started with eCommerce
- You don’t have to buy, stock or ship and products
- MBV have basically taken a lot of the setup and hard work out of the process for their customers
- You can join up and basically hit the ground running with your eCommerce store
- You can get started with no experience, as all the tools you need and training are provided
- MBV has been around for more than 2 decades
- BBB accredited with a good rating
What I Don’t Like and Red Flags
- Their website tells you very little information unless you hand over your contact details to them. When you land on it, it’s just a one page site with practically no information at all
- The prices of the packages are very expensive in my opinion, compared to other options
- eCommerce and drop shipping are a lot harder than people think
- Drop shipping is getting tougher as more and more payment processors are cracking down on the industry
- You’ll likely need to spend quite a bit of money on paid advertising
- This is limited to residents of the USA and Canada, likely due to the source of the products
- You’ll need some capital to get started, and also for advertising
How Much Does My Business Venture Cost?
We mentioned the prices of the MBV packages earlier, but we’ll repeat them here for reference:
- Standard Package – $795 Deposit + 36 x $99.83 Monthly Payments
- Professional Package – $2795
- Enterprise Package – $3995
The Standard Package offers the least amount of value, but ends up costing the most by the time you add the monthly payments. It equals $4388.88 total cost.
Is My Business Venture a Scam Or Legit?
Definitely no scam here at all. It’s a good platform and the people behind it really have created a done for you eCommerce solution.
I do think it’s a bit expensive for what you get though, when you compare it to setting up a store on Shopify, for example.
On Shopify you can easily build a store, populate it with products and have it hosted for around 30 dollars a month. When I say you can easily populate your Shopify store with products, I’m referring to drop shipping products from China’s AliExpress.
I believe MBV have local USA suppliers which will be a lot more reliable with much faster shipping times, hence possibly avoiding the payment holds that some drop shippers (who use China) are experiencing with their payment processors.
My Business Venture seems pretty good overall, and it’s a highly rated platform. I just think it might be a tad expensive though. That’s just my opinion.
Copy How I Make Passive Income Online
My Business Venture does have some merit and a lot going for it, but it’s kind of pricey. I believe affiliate marketing has better potential than drop shipping anyway. Plus, it costs hardly anything to start or run an affiliate marketing gig online.
Anyone can do affiliate marketing successfully. All you need to do is follow some decent training just like I did.
These days I make money daily as an affiliate, and I even make money while I’m asleep. That’s not a myth. It’s for real. It’s called passive income and that’s what affiliate marketing creates – multiple streams of passive and residual income.
Millions of people all over the world make great livings from doing this. Even if you don’t aim to replace your day job, even as a side hustle it’s well and truly worth doing. You get to do it from home anytime you like.
You see, unlike most jobs, you’re not trading time for money. There’s no real limit on how much you can potentially earn with this.
You end up establishing more financial security as well as lifestyle freedom, because you’ll have both money AND time, at the same time.
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To help out those who don’t really know what affiliate marketing is and what it entails, I go over all that at the start of the guide, as well as explain how you make money with it and its simplicity. Because there are so many advantages to having a home gig online, I cover some of those as well.
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