This review is going to be on a program called 7 Figure Freedom Formula. What is 7 Figure Freedom Formula? Is it a scam? Or a legitimate opportunity for you to earn money online? Is the hype really what it is? These are some of the questions that we will be focusing on in this short review.
Alright without further ado, let’s get things rolling…
Name: 7 Figure Freedom Formula
Owner: Matt Lloyd
Price: $1(first week) & $48++(week after)
7 Figure Freedom Formula Overview
” Texas Family Makes $1,015,111 Using a Little-Known Formula You Can Copy. Today Get Access to Their Turn-Key System For Just $1 ”
How many of you saw the headlines and got very excited about this opportunity? Well, I’m sure many of you are just as me. Seriously, who doesn’t want to become a millionaire especially if you can get access to the system for only a dollar?
However, is it really just $1?
Nope… it’s not!
It’s actually a $1 for the first 7 days(Trial) and $48 for the remaining 3 weeks. In other words, the monthly membership will be $49. It doesn’t end there either. There is way more to it than you can imagine. I will go in those details slightly later on in my review.
Almost all of you would have heard about 7 Figure Freedom Formula only till recently. But is it really a new program? No, It is not actually a new program. It has already been around for several years. 7 Figure Freedom Formula acts as more of a sales funnel that will lead you to another of their product and company(MOBE).
What is MOBE & Who is Matt Lloyd?
The 7 Figure Freedom Formula will lead you to a program called 21-step system. This program is owned by a company called MOBE, which stands for My Online Business Education.
The couple you saw in 7FFF aren’t the owners. They are just members who are taking part in the MOBE program to earn money.
Matt Lloyd is the owner/founder of the Company.
So what exactly is MOBE all about?
MOBE is a marketing and business training company for small owners or entrepreneurs who wants to grow their business to a higher level. Basically, this site offers various training, tools, services and resources to help one grow their business.
However, a majority of the people that join MOBE aren’t really business owners or someone who is interested in growing their business. They are people like you and me looking for an opportunity to start a work from home business, just like how Bill and Michelle Pescosolido eventually quit their day jobs and started doing this full-time.
More About the 21-Step System…
This 21-step system that you will eventually be introduced to is also known as MTTB(My Top Tier Business).
For the first 7 days it will be $1(trial), but after that, you will have to pay $49 a month. Personally, I don’t mind paying that amount every month provided it’s going to help me make money online.
What is MTTB?
I have tried MTTB in the past and this is exactly how it works!
Basically, it is a 21-step video course that will walk you from scratch to build your own online business. There are too many flaws with this program. The very first problem is that the modules can only be unlocked by your “coach”. Once you finish step 1, your personal coach will contact you to ask you how are things going and such and will help you unlock the next course.
Your member to personal coach relationship will only last until the 6th step. After step 6 all the courses will be unlocked automatically. But there’s a catch for it to happen. At step 6, you will be introduced to something called MLR, which stands for MOBE Licensing Rights. These licensing rights will allow you to promote MOBE and it’s products and earn commissions. In other words, in order to earn high ticket commissions of hundreds and thousands of dollars, you will have to purchase this license.
Want to make a guess how much these licensing rights cost you? Nope not $100, $200 or even $500. It is going to cost you a whopping one time fee of $1,997. And it doesn’t end there, this is the first of much more money to be involved. Step 6 will be your deciding point whether you want to make MORE or little money.
You can always choose to reject the offer. If you rejected the offer, you will remain as a regular affiliate and only be able to promote MTTB itself and make commissions from it only. – $20 per sale
This isn’t going to make you rich or enable you to quit your day job in the next couple of months. In order to earn thousands of dollars worth of commissions, you will need to commit to MOBE’s system. The problem with this entire MOBE business model is, it works very similar to an MLM( Multi-level Marketing). In order to qualify and sell the particular product and earn commissions, you will have to purchase that product, program, services for yourself first.
Let’s look at some of the product prices in MOBE:
I will begin with some of the 90% commission products:
- Affiliate Bonus Domination – $291
- Inner circle membership – $97/month
- MOBE Elite Earners – $97/month
- Done for you Emails – $97/month
- Funded Proposal – $194
- OPT formula – $194
- My Email Marketing Empire – $194
- IM Revolution Handbook – $9.95
Ok now for the 50% commission products:
- Diamond Mastermind – $30,000
- Platinum Mastermind – $16,667
- Titanium Mastermind – $9,997
- Diamond Coaching Program -$4,997
- 10,000 leads in 100 days – $1,997
- The 90 days challenge – $997
- Six Figure Coaching Secrets – $997
- Add the Nitrous -$997
This is only a handful of the products you can find in MOBE. There are way more than this. Just look at some of these, it easily adds up to over $60,000 not inclusive of your monthly membership and MOBE licensing rights. So think about it, are you willing to spend this amount of money before you even start to promote and make money or do you even have that amount to spare in the first place?
What you need to understand is, finding people(leads) to buy these products is the hardest part. Seriously, there are not many people out there willing to splash thousands of dollars in products that they not familiar with. Actually, we don’t have to go too far. Just look at yourself, are YOU willing to spend that amount of money just to start an online business partnership with MOBE?
If you really have that amount of money in your hand, I don’t think you would even want to waste it on such opportunity. You should instead invest it or start a more legitimate business that is easier to run and operate.
Can You Be Successful with MOBE?
This is going to be a very difficult question to answer!
But yes, you could be successful. I’m obviously not going to rule out that option, but you should also take into consideration that it is not going to be a walk in the park.
If you are willing to dedicate yourself to the training, put in a ton of effort, and more importantly willingly spend more money only then you may stand a chance to become successful. Sometimes success is more than the three I just mentioned earlier, there are lots and lots of factors that will be taken into consideration that doesn’t cross out minds.
While watching the video presentation at 7 Figure Freedom Formula website, you will notice this below saying that “results shown are not typical. See the earning disclosure here”. Basically, clicking on that will lead you to MOBE’s income disclosure page. There you will be able to see for yourself what is the typical success rate in this business.
I’ll just share with you a snippet of what is found there!
From the above image, you can see that,
- 33.09 % of the affiliates are earning less than $100.
- The average is only $54 per month, which is way low. How do you even expect to survive one day with just a monthly income of ~$50
It seems that MOBE has updated their Income Disclosure Page. Now it’s less detailed than before. Probably did this to hide the fact that not many people are making money.
The above is the one I took a couple of months back. As you can see, this is way more detailed and gives us a much better understanding of the actual scenario.
Of course, everybody wishes to be in the top 1% grossing over $25,000 a month. But in reality, most people go in with that expectation are probably at the rock bottom of the chart. That’s life, we have to accept it…
It’s not wrong to dream big. I also dream big and have high ambition but at the same time, the goals should be realistic and practical to your current situation. You don’t want to be spending thousands of dollars and struggling to close one successful deal.
So do give some thought to it because you don’t want to be in a situation where you end up spending a good amount of money which eventually goes to waste. At the end of the day, MOBE collects money from you before you even make a dime. It’s a win-win situation for them. They take money from you upfront and also take a portion of your commissions when you close a sale.
What are Others Saying About MOBE?
The furthest I went with MOBE is paying for the first-month fee of $49. Once I realized that I have to fork out a great amount of money from my pocket, I chose to stop it there. Firstly, I don’t have that much money to spare and secondly, I am not confident that this business model will suit me.
But there are people who have gone further than just what I have. Some of these guys have spent lots of money but the outcome is the same, they didn’t see the results they hoped for. I just did some research on what some people are saying about MOBE and the comments are quite depressing.
Take a look for yourself below…
So is 7 Figure Freedom Formula a scam?
I guess I have explained in clear details on what the 7FFF is all about and also showed you enough proof that MOBE/MTTB is not the best option going forward, especially if you are someone who is conservative about money.
I don’t really like to label programs as a scam because the owner/creator have put in a lot of effort to make things happen. But unfortunately, I have no choice but to say this is a SCAM. So yes, please avoid it at all cost. Take mine and others experience as a learning point and stay away from this.
If you ask all the unsuccessful members of MOBE, they will tell you one thing in common. I wish I have read this review earlier or have never come across such opportunity. That money can definitely be spent on something more worthwhile than 7 Figure Freedom Formula and MOBE!
Final Verdict: Scam, Not Recommended
Safe & Solid Way To Earn Money Online?
For those of you who are keen in generating good income online, I highly recommend that you Start Your Own Online Business. This is really a safe and solid business opportunity unlike MOBE. You don’t have to worry about spending a ton of money purchasing products and struggle to make even a sale.
So… what do I mean by online business?
There are many ways of running your very own online business. Selling your own products, running an e-commerce store, Amazon FBA is a few I can list from the top of my head. But the one that I am most comfortable with and talking about now is called Affiliate Marketing.
Affiliate Marketing means promoting someone else’s products/services and earn commissions from it. There are countless of benefits for this approach which is the reason why I really love it.
Some of them include…
- You don’t need a huge capital to start
- Can be done from the comfort of your own home
- No need to physically get in contact with anyone. Everything is done through the internet.
- You don’t have to worry about what products to sell or storage space to put your products
It’s really not difficult to get started. All you need is an interest or passion. If you have one, you can build a business around it. I have been doing this for just over a year and have seen more than just great success with it. This opportunity has allowed me to quit my day job and run this entirely from home and the best part…? My income is almost 3 times of what I earned in the corporate world.
Though it is nice to hear… I have to tell you that this didn’t happen overnight. I have put in a great amount of effort to make this work. If you are expecting to make tons of money within a week or month, sorry, this isn’t something for you. You have to put in the effort and give yourself enough time to see success in this.
I know some of you might be thinking right now, how do I get started without any proper understanding or knowledge about Affiliate Marketing & starting an online business. Don’t worry, I have got you covered. I have been using this program called Wealthy Affiliate. It’s an online training platform that teaches you from scratch to building an affiliate marketing business.
If you are interested to find out more, you can check my review on it…
Alright, I have come to the end of my review on 7 Figure Freedom Formula. I do hope by now you have a better understanding of what it is all about and whether it is something you want to take part in. Those of you who have personally tried are welcomed to share your experiences with us in the discussion section below. Questions are welcomed too.
Thanks for reading…
And I wish you success 🙂