Is My Business Venture A Scam? Important Review Facts!
Product Name: My Business Venture
Product Owner: Thomas Stridiron
Website: mybusinessventure.com
Price : $3,995- $7,995
Overall Rank: 5 Out of 10
Verdict: legitimate
There has been a lot of noise about My Business Venture. And you must have been approached by a marketer or got some information on the social media about this company.
Some say it’s legit while others call it a scam.
Can My Business Venture be another Scam?
Can you build a solid business with My Business Venture?
These are some of the questions that we will be taking a look into in the short review.
Let’s get started!
What Is My Business Venture All About?
Basically, My Business Venture is a nationwide technology firm that specialized in an eCommerce website, credit card processing, strategic marketing campaigns, custom logo packages and personalizes business training.
The company is gaining popularity by helping their clients in building an online business.
The company was established in 1992 by Thomas Stridiron out of Smithtown, New York, USA. Now, the company is in business about 25 years.
The My Business Venture website domain ”mybusinessventure.com” was initially registered on September 10, 2003, and the registration was last updated on July 14, 2015.
This business has opened BBB profile on October 1, 2000, and on March 2, 2009, the BBB accredited the business as A+. The company had 31 complaints on BBB, but they had all resolved. Click Here to learn more.
They also have a few unresolved complaints in Ripoff reports. If you want to learn more, Click Here.
They advertised themselves as “ Open Your Own Web Store, Be Your Own Boss”.
However, the business opportunity is available only to U.S and Canada residents. Nowhere else!
What’s Included With The Purchase?
When purchasing the program, you will receive several things which include:
- A merchant account with secure payment gateway.
- Custom Domain SEO optimized search engines sites.
- Administrative control customizes functions and features.
- Cutting-edge XML technology with responsive web design.
- Automatic updates to Inventory and administrative stats.
- Administrative function- simple tools for complete customization.
- Analytic & Statistic- Google XML sitemap & traffic hit monitoring.
- Social media Marketing- social media enable the website to increase exposure.
- Marketing program- affiliate marketing, customer registration, gift card and more.
- Free 100 ways to advertise PDF and additional marketing documents included in your business dealer kit.
- Live 24 hours US-based support- just a click or call away.
- MBV university- proving personalized business training.
- Support documents- technical guides and video tutorials.
- 15,000 top-selling quality product like Samsung, Black & Decker, Motorola, and more.
See the Screenshot Below.
What Is The Cost Of Joining My Business Venture?
The cost of My Business Venture advertised as $3,995 with a special emphasis on never having to pay a recurring monthly fee.
Your total investment in this business opportunity will be between $3,995 and $7,995. They also offer to finance for monthly basis if you’re unable to pay that amount.
See The Screenshot Below.
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How’s The Support?
They offer several ways to get in touch with them if you need a hand with your new business venture.
Individualized Business Consulting. They offer customized support that helps your business grow and thrive.
US-based, Live, 24- Hours, Customer Support. You can call, email, text or chat whenever you need them.
MBV University. This is a training center to help you learn more about online business. You will get personalized online business training.
Technical Support. They include documents and video tutorials. They offer numerous document support and video tutorials to answer any of the questions you may have.
Who Is My Business Venture For?
The program is advertised as an entrepreneurial training program for anyone that can use a computer, has access to the internet and is willing to invest their time and effort to make their financial dream come true.
The program is best suit for those are looking for starting online stores and ultimately making money online.
Obviously, the program is targeted for everyone, but this would be a product for the more experienced marketer.
If you have a decent size of the budget to invest and then this program may be for you.
My Final Opinion: Is My Business Venture A Scam?
This is a great product which offers a good deal of tools, training, and support.
Thomas Stridiron and My Business Venture are definitely one of the more legitimate groups within an industry.
However, this program should be also approached with a careful and well thought out plan of action because it is very expensive compared to similar program out there. You will need a decent size of the budget to get started with them.
For complete newbie want to start an online business, I recommend you to check My #1 Recommendation below as it is your one-stop for everything about making money online.
My Business Venture At A Glance
Product Name: My Business Venture
Product Owner: Thomas Stridiron
Website: mybusinessventure.com
Price: $3,995- $7,995
Overall Scam Rank: 5 Out of 10
Verdict: legitimate, But Quite Expensive
Are you currently a member of My Business Venture or were you a previous member who would like to share your experience with other people?
I would like to hear about it and I’m sure other people would as well. Feel free to leave your experience below as well as any comments, questions or any feedback for me below.
Thanks for reading.
All the best!
-Maun
I actually bought this so called franchise and I can tell you first hand that it is a total rip off and a scam.
When I initially inquired with the owner, Thomas Stridiron, about the franchise, he called me consistently trying to convince me to buy into it. He made it seem like I would be trained on his proven systems (like any franchise would) to guarantee my success.
What franchise doesn’t want their franchisee to succeed?
It turns out that to get the training one would need to actually be profitable, you would have to shell out an additional $300 – $500 per course!
The Franchise itself costs $5,000. I did the payment plan with $1,000 down and about $100/month.
They make you use their hosting company which runs you about $400/year. I can use my own hosting company for cheaper, but they say you have to host with them to have the “back office”.
Then they have the service fees for the merchant account (which I didn’t use because I didn’t make ONE sale) and that ran about $50/month. There were a few times were they double charged me and I had to complain and had my money refunded twice.
The domain name is ridiculously expensive. They are basically buying it from Go Daddy and charging you more than double. I complained about this and then they transferred it to my Go Daddy account.
It was very frustrating trying to get the store going with zero help. I didn’t know what I was doing.
I bought this franchise thinking that I would actually get an education on how the drop shipping business works so that I can run my store profitably.
With the money I spent, I would have been better off buying a few items wholesale and trying to sell them on eBay or Etsy. I’m just going to call this the school of hard knocks. A very expensive lesson indeed!
The store was stocked with basic items that anyone could buy anywhere. I didn’t get to choose what I wanted for my store. When I asked if I could pick what to sell in my store, I was told that was another package which cost even more money.
So exactly what did I buy here?
They really sell the logo that they create for you. Um…I can create my own logo! As a matter of fact, I can build my own store.
What I really needed to learn was how the business of drop shipping works, which Thomas led me to believe that buying his franchise would do that.
The only thing this business is definitely good at is selling their franchise and scamming people out of money.
I had to tell them to shut it all down because it wasn’t working for me.
They didn’t even show empathy or try to help me in any way. They said I still have to pay the balance, even though I’m not using the store and it never produced income like I was led to believe. They are calling me every day now and threatening to turn my account to collections. I don’t have any money to pay this bill because I didn’t make any money.
So save your money people and learn on your own because “My Business Venture” is a scam.