I personally believe, this is a great practice to walk through deep research before investing hard-earned money anywhere, and I’m glad to see, you are doing the same before getting into My Business Venture. Maybe, you already read out several My Business Venture reviews, and finally rechecking whether My Business Venture is a scam or legit.
I guess you are highly excited with their “Open a web store as easy as 1,2,3…” offer. Besides they offer you a list of facilities to start earning within just a couple of days!
Who doesn’t want to make money in an easy way! — Even I love too!
Now, I guess, you have started to re-think, “is it really possible?” Is My Business Venture is a scam?
You are most welcome to my report on My Business Venture. A few days back I had an online discussion with Thomas (the owner). He was really polite and after a long positive discussion, finally, he requested me to experience their product for feedback.
I’ll take less than 10 minutes to express the crude reality inside My Business Venture.
Let’s have a quick look over My Business Venture:
General Overview on MBV and the Offers Inside
Basically, My Business Venture is an e-commerce service provider and follows the dropshipping business model. After you sign up to their system they’ll provide you the platform, all necessary tools, supports, and resources. In addition, you’ll get some online training within MBV university to make money with the e-commerce system.
Are you confused about the term “dropshipping”?
You have an online store (your website) to sell the products to the consumers. You have to buy products online in wholesale price (MBV will provide you resources) and store the products’ details (including retail price) in your web store. Customers will reach to your website and order as per their requirements.
The products will be shipped to your customer directly from the production house/wholesale store.
You don’t need to be worried about maintaining inventory, handling the products or shipping.
So this looks like a very simple business model, a great alternative to the conventional e-commerce stores.
Let’s see what they offer inside…
With the fine idea of e-commerce service via dropshipping model, they also provide you several other facilities which are essential to make money through e-commerce business.
There is no way, everyone must the attracted by such great facilities offered by a single platform.
Now let’s get forward, one step ahead.
Things I like about My Business Venture
The company “My Business Venture” is alive in the market for a pretty long time (25 years) and also ranked as A+ category in BBB.
First, let’s see what are the goods in My Business Venture which I really like.
They really offer you all the services required to start an e-commerce business. If you check the above list, rarely you can find out something more which is essential for a startup; they offer e-commerce and social media enabled website, SSL security, the option to blogging for SEO, easy payment gateway and many others.
Their drop shipping business model is an advanced method to spread e-commerce business, where the company, promoter and the customer everybody gets facilitated.
Most importantly, you don’t need to think about inventory, handling, and shipping. Your job is to popularize your website, add product as per your niche and count the profit.
I think this the easiest mode to run an e-commerce business.
Additionally, you’ll get some training to get success in e-commerce, in the MBV university.
This is really a useful feature to compete with other e-commerce platforms. Many e-commerce platforms offer free shipping only after a certain amount of purchase. But in MBV, everything gets shipped in free of cost. This feature helps to attract your customer more.
Often they offer you a 10% discount, so you can offer your customer a lower price. When they get a product at the lowest price without any shipping fees, they’ll visit your online shop again and again.
No doubt MBV is an authentic company, standing up for a long time. Maybe the entry fee is a bit high, still, they have a good reputation for their service. They are strict enough against any fraud sell.
They manage to get A+ rating from BBB since 2009.
Additionally, they offer very good support to their customers and promoters. You’ll be able to solve your problems with a real human (not robotic).
Things I don’t like about
Nothing is 100% correct, we know everything in this world has some goods and bads. When we find bads are intense in something we generally avoid that.
So, let’s see what are the negatives in My Business Venture.
The big drawback of the platform is its expensive schemes.
Depending upon their schemes, you have to pay from $795 to $3995. In the most expensive plan, you’ll get all of their facilities, even they claim that you’ll start earning right within a couple of days after joining their program (though I personally feel this is literally impossible); But to be frank, this budget is not affordable to everyone.
To join My Business Venture you need to have at least $1000 extra in your pocket.
If you are looking for a free or low budget program you probably don’t like MBV. In that case, you can start your e-commerce store with Shopify.
Alternatively, you can check out my favorite program which also offers you an all-in-one platform for free.
If you are not a USA or Canadian citizen there is bad news for you… you cannot sign up to MBV, because their dropship program works within these regions only. Being/becoming a US or Canada citizen is the first criteria to join their Newyork based program.
So, if you are not a citizen from these countries, there is no meaning to gather knowledge about My Business Venture. Better you try some other programs which are applicable worldwide.
This is my top recommended program which let you spread your business worldwide.
If you are new in the online world, this may be an unknown term to you. I am explaining the fact for your better understanding.
MBV claims they offer you a ready-to-use e-commerce enabled website, and you can make money from that once you purchase (sign up) their schemes.
In the real sense, they are not providing you a ready website from which you can start earning from the next day. A ready webstore means that is well ranked in the search engine, that means search engine optimized, such as Amazon. They are just giving you a ready-to-use (not ready to make money) e-commerce enabled website.
You must note this point, because a brand new website always lacks with the reputation. Unless you earn visitors’ reputation, they are not going to buy anything from your e-commerce site, and this is never an overnight process.
As per my own experience, I never claim my brand new pages will rank well in the search engine and earn a good reputation to my visitors. I have to work hard for my online business website, I have to post a number of useful contents there. Finally, when it becomes a popular and high traffic website, it allows me to earn revenue.
So, before investing a huge amount of money you must think about these risk factors. I must tell you, “Get-Rich-Quick” is a forbidden term. You have to work hard for every achievement. I hope you’ll agree with me that, it needs at least 2 years to earn profit even from a offline business, where people invests thousands of bucks.
To learn the process to create successful websites via content creation and search engine optimization my No.1 recommendation is here.
Is My Business Venture A Scam?
Throughout my article, I never claimed that My Business Venture is a scam. MBV is absolutely not a scam, but they are providing you legitimate service to make money through e-commerce.
If you join their program, they provide you all the services, tools and facilities as they promise.
But, they are not able to provide you profit within a couple of days as they claim. Even after joining their program with such a high amount, you have to work hard to become a successful marketer.
Is My Business Venture Right for You?
If you ever thought to invest your excess money to Franchise business, I’d say My Business Venture is a perfect choice for you, because by joining their program you are actually purchasing an online Franchise. After purchasing the program, it’s your headache to grow the business, they’ll provide you support.
Before join the program you have to answer 3 “Yes”.
- Are you a citizen of the USA or Canada?
- Are you ready to invest such a high price for your business ignoring all risks?
- Do you have a good idea about SEO and creating content to drive traffic to your web store?
If all the answers are “YES” then you are the right person to join their program.
If any of your answers are “NO”, you can think alternatively.
If you are looking to start an e-commerce business at a lower cost, you can sign up to Shopify, and start a website by following their instructions. However, you may need to wait for the profit, because you have to pass through a learning session.
My Top Recommendation
I personally earn a healthy fulltime income via online marketing by following a well-organized process. I follow the steps below in a proper way,
- Create and build up a website.
- Optimize the Search Engine proper way, following the rules.
- Earn visitors attention — without traffic your website is a dead shell.
- Simply put affiliate links from reputed companies like Amazon, hotel.com, etc.
- Earn revenue.
This is what I call a profitable website. Right now I a running 7 such websites. All are not equally profitable, but my top 3 websites are working really good because I spend the highest time to build-up them.
If you are interested in something similar, you can check out the following link.
If you have any question, feel free to drop them in the comment box. I shall be more than happy to help you out.
If you like the article please share this and leave a comment in the comment box below.
Thank you very much for your kind attention.
Dr. SD is an aspiring Internet Entrepreneur who started his online business besides his day job. He is presently a Full-time Affiliate Marketer at Wealthy Affiliate, a community to help anyone start their own online business without prior experience. He received the full courses on the platform and started several online business one-by-one. Read more about his philosophy and his story here!