My Business Venture isn’t too different from most dropshipping courses.
Sure, their marketing makes some great promise you haven’t heard from the other dropshipping gurus, but at the end of the day, no magic bullet overcomes the massive pitfalls of this business model.
Let’s get something clear:
There is NOTHING passive about dropshipping, no matter how well most course creators sell the dream.
If you want that travel-the-world-making-money-while-you-sleep-laptop-lifestyle, dropshipping isn’t for you.
To run a successful dropshipping business, you need to be constantly on the lookout for new products.
Scouring the internet for hot trends and trying to find the next fidget spinner will take hours out of your day.
Not to mention, it’s not enough to just have the hot new product…
You also need to get the customers.
That means ads…
Lots and lots of ads…
Testing, tweaking, targeting, spending thousands if not tens of thousands of dollars before breaking even.
Not to mention, Facebook hates dropshipping, meaning one of your top traffic sources could shut you down at any time.
All of this leads to a very stressful life, not a lot of money, and a lot of time wasted.
Time that could be better spent so you can actually live the life you want.
Now, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Physical Products
- Low Margins
- Long Wait Times
- Angry Customers
- Thousands of dollars testing different ad campaigns
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day running ads, researching products, and trying not to get banned by whatever platforms you’re using?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like dropshipping, and that’s probably a good thing.
However, if you’d still like to know more about My Business Venture, keep reading.
Overview
My Business Venture is a company ran by Thomas Stridiron, and they promise that they can take your e-Commerce business to the next level. While some have pointed out negative Better Business Bureau reviews in the past, it seems they have all been removed at the time of this writing.
But what’s really inside the My Business Venture University? And how much does it all cost, anyway?
Let’s dive in and find out.
What Is My Business Venture (MBV)?
My Business Venture is a nationwide technology service company with “more than 25 years of experience.”
You’d think after all that time they’d come up with a less-cheesy ad than the one pictured above, but we’ll let that one go.
As mentioned in the introduction, they chiefly operate as a platform for eCommerce pages. They offer services like strategic marketing campaigns to entrepreneurs operating successful businesses, or even folks just getting started.
Hosting, websites, products, and coaching are just a few of the services they provide.
For those who want to start an online business from the ground up, My Business Venture seems to be a decent resource. People who shop online are often looking to buy a variety of goods.
In case you’ve been living under a rock, I’ll explain the eCommerce industry to you:
Instead of buying shoes at a physical retail outlet, many people now make purchases online. As a result, there are no cashiers or employees to deal with, and everything is done digitally.
Many of the sites used include Amazon, Wal-Mart, eBay, Etsy, etc.
A lot of these sites have begun cracking down on dropshippers, meaning they can and will remove your page at random. Not a safe investment in my opinion.
Starting up an eCommerce business may appear like a easy win, but according to a recent study, only 2% of new e-commerce business owners make a profit. Not great!
Be that as it may, My Business Venture offers a wide range of services to help you overcome the odds stacked against you.
Let’s look at what MBV has to offer.
Who Is Thomas Stridiron?
Thomas Stridiron is the president and CEO of My Business Venture.
Although it can be a little tricky finding any info about him, it is nice that the program doesn’t hide him completely – it’s always a red flag when companies hide their administrative team, as there is less transparency and credibility that way.
Apparently, his journey all started with a mere $100 investment that has morphed into a multi-million-dollar enterprise.
What’s Inside My Business Venture?
My Business Venture makes ownership of your online store simple and cost-effective, according to their website.
Turnkey online stores are the primary product of this company – which means that they handle the majority of the technical aspects of your web store for you.
That is to say, they will sell pre-built websites that are theoretically ready to receive customers and generate revenue. In addition to do-it-yourself websites, My Business Venture provides web hosting, marketing, and even credit card processing.
MBV’s ready-to-use inventory is another feature of its service portfolio.
This database has over 14,000 products in various categories, such as automobiles and electronics. It also includes products for the bathroom, sports equipment, and beauty products.
One drawback to the My Business Venture platform’s services is the same as one of their upsides: they do the work for you.
Yup. Convenience can be like a double-edged sword in some ways.
On one hand, it’s a good thing because it allows you to make money even faster. On the other hand, you won’t learn anything about starting and running a business, which could prove problematic in the long run.
The MBV business platform is also not always reliable. You must know these skills on your own if you want to succeed in eCommerce in the long run, or to differentiate from other entrepreneurs who pay MBV to do the work for them. That’s how I see it.
For example, most of the time these “done for you” stores are designed and maintained by foreign workers who don’t cost much and don’t have the best level of expertise.
It also means the stores will often have an assembly line feel to them, leading to many of these pages looking the same as your competition.
Not the best idea, in my opinion.
My Business Venture Target Audience
It seems like MVB’s intended audience consists of those who do not yet have their own business, but wish to do so quickly and easily without the need to learn how to do so from scratch.
My Business Venture is geared toward people who want to run a franchise (a common search keyword is “Business Venture Franchise Review”), but lessen the work it takes to get there.
That walks a bit too much of the “get rich quick without doing any work” issues that many of these programs run into.
However, MBV also offers a training program separately for those who wish to get more familiar with the world they are entering.
What’s Inside The MBV Program?
A one-stop-shop for creating an eCommerce store is how My Business Venture pitches themselves.
Included are the following:
- Personalizes eCommerce Enabled Website
- 14,000 Top-Selling Products
- Newsletter pages customer rewards and registration program
- Back-End Administrative Customer Database Access
- Custom Domain Name
- 24 Hour Secure Hosting
- Customer Merchant Account
- 24 Hours US Based Support
- Videos and Tutorials
My Business Venture has a some ideas to offer its members in the long run.
The jargon they use, such as “turnkey solutions,” seems silly and doesn’t give you the big picture, in my opinion.
Building an online business isn’t as easy as it looks on their websites, nor is it a quick path to financial success.
Fortunately, some of Business Venture’s features are useful and helpful.
How To Get Started With My Business Venture?
There are some things you need to do in the beginning before you can use MBV.
- Sign up and talk to a Program Manager. They will sell you on a program – likely aiming high-priced
- You should choose the package that fits your budget the best.
- Start designing a custom business.
My Business Venture Online Reviews
I’ve heard about complaints regarding their business venue training, so let’s see what’s out there:
“Oof.
This is the oldest line in the book, and it’s usually a red flag. Whether it’s a business venture or a diet, this line is usually delivered by companies with low success rates that want to shift culpability to their users. Whenever you hear it, you should be instantly skeptical.
With that said…
There are endless tutorials on YouTube. If you want everything up front in a more curated and high production format, invest in a couple months of LinkedIn Learning and binge.
Once your knowledge level on these things has bumped up a level, go back and look at what this company offers with fresh eyes. Does it still look like a good deal?
Also: I didn’t see any mention of them offering a CRM. A CRM will be absolutely essential to your success if you’re marketing online, because at the end of the day, the number of high-quality leads you’re able to generate and pursue is the core of your business. If you’re not capturing your leads, you’re not really doing much.
There are no quick and easy roads. Please don’t throw your money at this until you’ve given my advice a try and researched these things to death. The actual depth and complexity of this pursuit will quickly become clear. And the knowledge you’ll gain will be worth its weight in gold down the line, if you’ve got an entrepreneurial spirit.
Best of luck to you.”
Frankly, that pretty much addresses my concerns right there. But let’s try one more:
“Unfortunately, I realized of the mistake I made after spending about 5,000 with them. You just have three day cancellation, but you receive the website after that ,so how you could know if the website is good or not? Not fair at all. I have on of these websites, but I’m about to close it.
I did marketing by myself, then tried two guys to helped me, finally I worked with a Marketing Agency., and results were too poor too. It’s hard because a lot of people are offering the same product through Ebayz, Amazon , their own websites, etc. I found that my”customized” website has the same text on other websites selling the same stuff, and very similar designs..at the end, I realize, that I do not need an intermediary to develop this business..too late..I know.
The magic word is dropshipping, you can google this word and you can find out how many providers are able through the web. And if still you want an online store you can use Bigcommerce, Shopify or other to buid your own website., Don’t pay for basic courses because you can find really good information on You Tube, neither for videos that you can find on Fiverr at low prices.
Go to SBA to get informed about franchises, and ask for successful cases talk to owners and draw your own conclusions. Research a lot before wasting time and money because after paying you can figure out what could happen if you don’t like the product or the service..”
Is My Business Venture A Scam?
So, is My Business Venture a scam? Not technically. You can make money with this program, but it’s definitely not as easy as MBV Team makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – you need to do a ton of volume to make any real money.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months, $3-5k in the hole on ads (because that whole “get started with $5 a day” thing is total BS) and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike dropshipping, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
How Much Does My Business Venture University Cost?
As you can see, there are different tiers available for their training courses depending on how much you’d like to invest, and how much learning you feel you need.
Keep in mind that this training program is priced in addition to whatever you’ll be paying to use their other services after completing the training, unless you pay for a top-tier bundle.
As you’ll find in other My Business Venture reviews, this company is not the best choice if you’re looking for a more inexpensive option.
In my opinion, these bundles are far too expensive compared to those offered by some of their rivals. Of course, if the value is there – cost can be justified.
But it must be justified.
The fees for My Business Venture’s services can be found on their website.
Enterprise Plan
- $3995.00 One Time Payment
- 5,000+ Product Superstore
- Diamond Marketing Package
- 24 months Search Engine Submission
- All Features from MBV Upgrade 1 & 2
- Starter Training Package with MBV University
- Custom Logo Included
Premier Plan
- $4695.00 One Time Payment
- 5,000+ Product Superstore
- Titanium Marketing Package
- Lifetime Search Engine Submission
- All Features from MBV Upgrade 1 & 2
- Silver Training Package with MBV University
- Advertise Marketing Packet
- Social Media Package Upgrade
- Custom Website Package
- Custom Logo Included
Millennium Plan
- $5995.00 One Time Payment
- 5,000+ Product Superstore
- Titanium Marketing Package
- Lifetime Search Engine Submission
- All Features from MBV Upgrade 1 & 2
- Social Media Upgrade Package
- Custom Logo Included
- Professional E-Mail Package
- Platinum Training Package with MBV University
- Website Verification Program
As you can see, My Business Venture does not offer a one-size-fits-all pricing plan. A business dealer kit with more and substantial training and features is what they will give you instead.
This pricing system indicates that the Millennium package holds the best chance of success – which is concerning in that it means the first two methods could be inefficient in both time and resources.
Additionally, My Business Venture’s price is prohibitive to many, and there are no guarantees. You should know more about starting an online store before you spend a few thousand dollars.
Undoubtedly, doing the work yourself would save you a lot of money, but doing so would also consume more time. You’ll have to weigh it out, I suppose.
You might want to also consider that eCommerce is on its way out, and to look for alternative online industries.
My Business Venture Refund Policy
It’s difficult to find any information on MBV’s refund policy – a red flag in itself – but apparently if you want one even for a double-charge, it will take a complaint to get anywhere.
Be careful!
Are There Alternatives To My Business Venture?
Yes, there are plenty of Dropshipping programs and resources to choose from if you want to pursue this business model. Here are just a few:
What Is My Top Recommendation For Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
Why?
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With dropshipping, you don’t really own anything. You have no control over the quality of products. You don’t even own the products because they go straight from the supplier to the customer.
Yes, if you’ve got a Shopify store, you technically own that. But if every ad platform suits you down, you’ve got a store with no customers. Which is literally worthless.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Ok, so technically you don’t have to worry about inventory since you’re not filling up your garage or a warehouse with products.
But, you still have all the headaches of a physical products business.
Since most dropshipped products come from China, you already have a 2-3 week wait time from when a customer places an order.
But right now, with global supply chain issues, your customers would be lucky to get anything in less than a month.
Imagine finally landing your first customer after months of experimenting, and then getting hit with a refund request or chargeback because they had to wait 6 weeks to get their order.
With Digital Real Estate, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with dropshipping, you’d have to double your inventory, your profit margins, OR your average order value. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. 99.9% of the time, dropshipping provides no value to anyone but the seller.
In a lot of cases, it has a negative impact on the customer because of poor product quality and an overall bad experience (i.e. waiting 6 weeks to get your order).
And that makes it pretty hard to sleep at night.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like My Business Venture which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.
