Is Millionaire Mentors Alliance a Scam? My Honest Review!
Welcome to my review on Millionaire Mentors Alliance. I’m sure many of you're wondering whether Millionaire Mentors Alliance is a legit opportunity to help you earn money or if it's a scam. Well, you've definitely come to the right place because in this review I'll share with you everything you need to know about this program and also conclude on whether you should join or not.
Alright without further ado, let’s get things rolling…
Name: Millionaire Mentors Alliance
Price: $500 –. $50,000
What's Millionaire Mentors Alliance all about?
Millionaire Mentors Alliance is a fairly new make money online program that's been only launched recently. Unfortunately, there isn't a single information on who's the founder, owner or person running the website which is a big let off. Instead, they said, they're an association of entrepreneurs and business owners from around the globe.
I'm not too convinced about this because there must be someone who's to take ownership of the site. It can’t be just random entrepreneurs and business owners join venture and decide to open up this opportunity.
They already have failed the first test where they neglect to give vital information about the company because it does play a crucial factor in deciding whether to join or not, well, that’s at least what I look for firstly.
In short, what you'll be doing with Millionaire Mentors Alliance is actually selling of high ticket digital products online. This business model isn't new. Has been around for a very long time. Many companies have used this method. The one that easily comes to my mind is MOBE(My Online Business Opportunity).
According to their website, Millionaire Mentors Alliance claims that you can earn $500 –. $50,000 per sale. I’m sure many of you seeing such numbers would get excited and can’t wait to get started. Well, to be honest, don’t get too excited just yet because there are too many flaws with this system.
How Exactly Will You Make Money With MMA?
As mentioned earlier, you'll be selling high ticket digital products. High ticket products are simply products that are expensive or very expensive. When you sell them, you'll be able to earn commissions from it, in this case, you get to keep the entire amount. I.e. if the product cost $1000, you'll get to keep $1000 commissions.
Millionaire Mentors Alliance is trying to sell you the idea that instead of finding many people to buy cheap products, why not just find one person to buy an expensive product. This way you spend lesser effort and make more money.
To be honest, I don’t really buy into that idea because it's way much easier to convince people to buy lesser price products than expensive ones actually. Also, the type of product you're getting comes into play. If we're talking about digital products, its way more hard to convince someone than you think.
First and foremost, to get started you'll have to purchase the licensing fee which is a one-time payment. Next, you'll have to purchase the packages in order to qualify to sell them.
There are 7 different packages with the price ranging from $500 all the way to $50,000. So before you actually start doing any selling, you got to get one of these. This is where many people start to hesitate but a few will push through thinking that they've found themselves a goldmine to become a millionaire.
These packages contains pre-made, digital educational products in the form of video and audio courses. To be honest, I can strongly say that these products won't be of much use. they're just average products that's been given an expensive price tag, that’s all!
A Quick summary of how you'll promote:
- Basically, you'll get you very own personal Millionaire Mentors Alliance Website that's embedded with your affiliate link.
- Using the training which will be provided in the member’s area they'll teach you how to drive traffic to your affiliate link. Most probably either by creating a website or a landing page. Your traffic can be either paid(PPC) or Free(organic), this will depend on yourself.
- The traffic that clicks on your affiliate link and comes through the MMA webpage will be known as “leads”, in other terms your potential customers.
- Lastly, if the leads purchase any of the offered products, you'll get the commissions accordingly to the package the person bought.
Pros Vs Cons of Millionaire Mentors Alliance
- Some good training( lots of it directed at promoting Millionaire Mentors Alliance)
- Potential to earn high commissions
- you're not building a REAL business (more toward promoting Millionaire Mentors Alliance)
- You need to buy the products in order to sell them
- The products are VERY expensive
- Not going to be easy to get refunds
- Very little focus on creating a business based on your passion
- No proper information on the owner or person running the website
Big Problem 1: They Make it Look Very Easy
Seriously, this is as easy as it can get. Just promote, wait for people to see and purchase and you collect payments.
Yes, this is technically how any business operates, whether online or offline. But you need to understand that it's not a simple as you might think it's. There are way more details that you actually have to pay attention too which isn't mentioned here.
“Simply place Ads in one or more places to attract people”?
This, in my opinion, is the hardest. If you've little to zero internet marketing knowledge/experience this is going to be an uphill task for you. You can’t simply put ads in random places and expect to make sales.
There is a certain way you should follow and that alone doesn’t guarantee you any success because we're actually talking about high ticket products. It a whole different game to convince some to purchase a product that can cost $2000, let alone the $50,000 one.
Which now brings me to the second point…
Big Problem 2: Will Anyone Buy This Product?
The good thing about selling high ticket products is you only need to sell one or just a couple of them to make some great profits.. But the problem is are people willing to buy these products? Well, don’t go too far…. Look at yourself first are you willing to spend $2000 to $50,000 to buy these products in the first place? If you're hesitating, you should also realize that people on the other side are hesitating too.
It’s going to be an uphill battle to find people to buy these products. One of the issues is, you're not really shown what're the products you're paying for. All we know is that there are different packages(no details about each individual package). One thing you should know that you're not selling these products to robots, you're selling to real people like you and me… we all will want to know what're we paying for before buying.
Let’s say you're interested in buying a TV, obviously, you'll find out more about the features(whether it’s HD/3D, their brand, etc) and compare prices with different shops before you eventually purchase.
Have you thought about this, “Why are these guys willing to pay me full commissions for the value of the product.”. Instance, if you take the basic package of $2,000 and if one of your leads purchases the product, the full $2,000 commission goes to you. Millionaire Mentor Alliance earns only from the licensing fee.
Want to know why? It’s simply because getting the leads is the hardest job. That’s what they've assigned you with that.
Think about it, if getting them was so easy, they could've used their own tools and training and get all the people to buy their products and they can keep the entire commissions. You don’t see that happening, don’t you?
That should already give you an idea that these guys don’t really have much internet marketing knowledge or simply their training aren't capable of helping so. If they themselves aren't going to be benefiting, how on earth will it help you?
Anyway, if nobody is going to buy your product, simply means you won’t make a dime. I know while watching the sales video, it may seem to make five or six digit income is easy but in reality its never. To succeed in online business, you need to build a trust with your visitors and this bond cant be created overnight so don’t expect your visitors to swipe their credit card on such costly product instantly.
Big Problem 3: You Need To Dig Deeper Into Your Pocket First!
In order for you to earn commission from a specific package, you'll have to purchase that particular package first. In other words, you've to pay $500-$50,000 upfront if you decided to take their cheapest or most expensive package. Taking up the bronze package only allows you to earn $500 commissions, if you want to earn higher you're expected to purchase the more expensive packages such as the Empire Package which will cost you $50,000.
Whether it’s $500 or $50,000, it's still a huge sum of money. I believe most of you might've heard of this saying ”. you've to put money, to make money”. …. Yes, I only agree to it up to a certain extent but in this case NO. The problem here is there is no guarantee that you'll make money with this program, they may turn out to be scammers(You may never know?) and you'll lose all your initial investments.
You could end up going into debt instead of actually making money, its better to be safe than sorry. I'd consider trying out this program if they make some alterations to their business model like instead of paying $50,000 upfront I get to promote it but I keep 50% commissions and the owner takes another 50%. That’s a fair deal because it’s not that risky as I don’t have to invest a huge amount of money upfront apart from the licensing fee.
But in this case, there is nothing like that. It’s kind of difficult for anyone to gage how this is going to turn out.
Important to Take Note!
Usually, those words in small always get unnoticed. it's very important to read because it could drop you a hint or two. In this case, you can see that they've mentioned that there is no guarantee that you'll succeed in this opportunity which makes sense because of the flaws I mentioned about this business model earlier.
Also, don’t get fooled by the testimonial videos you see on the site because they're solely for promotional purposes. Meaning, they're random people who have been paid some money to give fake testimonials. In reality, they've never used the Millionaire Mentors Association nor make any money like they claimed to have.
My Final Thoughts!
I'm never a big fan of this business model where you sell high ticket digital products because the chances of you losing money are way higher than you make. Although on paper, this business model seems to look good, there are too many flaws that are likely to hurt the members than anyone else.
The digital products they offer are nothing but overhyped products that are barely worth hundreds of dollars. Many of times, you'll be able to get most of the information for free by doing a simple Google Search. The digital products are only there for take sake of it. In other words, just to make it look like you're getting something in return for your money.
This business model has been around for a very long time. Many companies have been doing it on both big scale and small scale. Those low profile ones are yet to get caught but bigger companies like MOBE have been on the radar for a very long time because of thousands of complaints from members till recently they were shut down for good.
So, don’t waste your hard earned money on this opportunity because you're very likely to get disappointed and regret making such a rash decision and furthermore there is a NO REFUND POLICY. So along the way if you feel that this isn’t something you want to be doing, there is no going back and asking them for a refund.
I’m glad that you decided to read this review as I'm very sure it saved you in many ways.
A Safer Opportunity?
Don’t feel disheartened that you've lost an opportunity to become a millionaire. Instead, be thankful that you've avoided yourself from getting sucked into a big scam that could've made you lost quite a bit of money.
Anyway. Those of you who are still keen in making money online, I'd suggest you look into starting your own online business. This is a way much safer option than Millionaire Mentors Alliance as you don’t need to invest a ton of money and the potential is great too.
If you're looking to become rich overnight, I'm sorry but this opportunity isn't for you. If you're willing to dedicate time and effort into it, you're sure to make a decent full-time income or even a side income from home.
I ‘ve come to the end of my review on Millionaire Mentors Alliance, I hope you guys benefited from this and thus will be able to make a much wiser decision moving forward. Are you a past member of MMA or thinking about joining? Please feel free to share with us your opinion by leaving us a comment below. Thank you