My Business Venture Review – Best Ecommerce Platform or Not?
It’s awesome that you’ve found this My Business Venture review because you are going to know everything about this program before you join.
One thing for sure, you need to invest quite a sum of money to start this e-commerce business with My Business Venture, and there are some risk to it too. We will discuss more about that.
However, if you are looking to start an online business with little risk and little money down, you may want to check out Affiliate Marketing as well as this program that teaches it.
Anyway, without further ado, let’s get started with this MBV review…
Review Summary
Owner: Thomas Stridiron
Price: $795 – $3,995
Recommended? Yes, but you may want to check this out too.
Income Opportunity Rating:
What is My Business Venture?
My Business Venture is an ecommerce service provider who promises to provide you a “turn-key” ecommerce business platform. Its current CEO Thomas Stridiron officially created the company way back in 1992.
Now, My Business Venture has offices in New York, Atlanta and Orange County, California.
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By joining My Business Venture and paying for their services, you won’t have to worry about web hosting, marketing services, finding/selling products, payment processing and other things about running an ecommerce store.
Advantages of Joining MBV
There are a lot of good (amazing) things and advantages that you can get by joining MBV which I will discuss more later.
But for starters, here are some highlights about this company:
- My Business Venture has been in business for over 20+ years
- Earned and maintained an A+ rating with BBB
- Provides a range of services for Internet/Home-Based entrepreneurs and Mail Order businesses
- Offers more than 15,000 products ready to sell with “HIGH” profit margins
- Allows anyone to jump right into ecommerce immediately
- Flexible payment plans
But the main selling point of My Business Venture is their capacity to provide you with a 100% Done-For-You ecommerce platform expertly designed for dropshipping.
If you have a vague idea about what is dropshipping, then I would be glad to give you a quick detour first.
What is Dropshipping?
Dropshipping is an ecommerce marketing strategy where a store does not keep an inventory of the products it sells.
When there is a purchase order from the customer, the store then purchases the actual product from a third party (usually the product manufacturers) and have it shipped directly to the customers from them – while the store owner (you) get to keep the profits.
If you are new to ecommerce and needs a little more explanation about dropshipping, here’s a good video you can watch. ( I got you)
My Business Venture Review Proper – What is a “Done-For-You” Ecommerce Platform?
I know you might be tired of seeing this “Done-For-You” phrase and it could get a little annoying especially if you are new to ecommerce and no one would bother explaining what it means, right?
I’ve been there.
Although, one of the reasons why most of other My Business Venture reviews does not take the time to explain what “Done-For-You” means is because it is EXACTLY what it says.
My Business Venture specializes not only in providing you “turn-key” websites and online shopping carts but also the whole shebang about running an ecommerce store.
It offers many identical services to its competitors such as Shopify and 3dcart.
BUT…
One of the significant difference between MBV from its competitors is that it actually comes with a ready-to-go inventory of more than 14,000 products.
This gives you a “unique” opportunity to jump right into the ecommerce business (if you so decide) without building anything from scratch!
Besides, these are some of the things you will immediately get should you decide to join My Business Venture today.
- Professional Turn-Key Site
- E-Commerce Enabled Platform
- High-Speed Hosting
- Strategic Marketing Campaigns
- Automatic Live Product Feed
- Social Media Programs
- SSL Certification
- A Wide Range of High Quality and Brand Name Products
This is what a Done-For-You ecommerce platform means.
Is MBV an Affiliate Marketing Program?
No, My Business Venture is not an affiliate program but rather a DFY ecommerce platform. The services MBV offers falls in between affiliate programs and that of a person buying a franchise.
MBV provides top-notch services and assistance if you are planning to start a home-based ecommerce business and promises to offer you convenience as you establish your own online business, for a certain price.
Is My Business Venture for You
It is crucial to understand that what MBV offers is a viable option for people that already have the money to invest in a good business but not quite substantial enough to buy a franchise.
This is the strength of the business solution that this company provides.
However, I wanted to be as transparent and honest in this My Business Venture review, and I want to point out that…
Just like any other legit businesses, you need to put out a decent investment if you wanted to enjoy the services of MBV, unlike Affiliate Marketing.
But before you jump into conclusions…
Please take a look first at the amazing things that come with each MVB plan in exchange for your investment.
I also discussed a little more about the topic of dropshipping vs. affiliate marketing in the later part of this review.
Meanwhile, if you are also interested in affiliate marketing and would like to get a recommendation from your humble pal here, you can check out the link below.
What’s Inside My Business Venture?
There are three flexible plans that you can choose from if you wanted to start your ecommerce business with My Business Venture.
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Yes. My Business Venture’s membership plans aren’t exactly what you would call “cheap” (as I have mentioned earlier).
But considering the kind of products and services you will get, I’d say the price is about right. You can learn more about each MBV Packageshere.
More Advantages of Joining MBV
As I promised earlier, here is a more detailed discussion about the advantages you get to enjoy by starting your ecommerce business with My Business Venture.
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Everything is Done-For-You
Again, everything is done for you and ready to go. MBV is an excellent choice to consider especially if you are eager to jump into ecommerce.
My Business Venture made sure that people who desire to own and manage an online store, minus the leg work and the hassle of building it from scratch, will get exactly (maybe more) what they are paying for.
Brimming with More than 14,000 Products
Not only will you get a 100% ready to go ecommerce business platform but it also comes full of high quality and brand name products.
You will have access to ready-to-sell products in electronics, hygiene, sports (gears and apparels), indoor and outdoor types of equipment, automotive, colognes, “As Seen On TV” Items and almost everything that a person would buy online.
High-profit Margins
Another good thing about MBV is they provide products with markups of 35% and as high as 200%!!
And as I have mentioned earlier, these aren’t your typical so-so products.
These are guaranteed high quality and brand name products that online shoppers usually buy.
You will also enjoy free shipping and order processing on top of that!
Regular Product Updates
My Business Venture automatically updates your website twice a day ensuring that your products are never out of stock, unavailable or outdated which might frustrate your potential customers.
MVP makes sure that this will be adequately taken care of. (Yay)
Support, Training, and Tools
MBV will provide you with an excellent and dedicated support team to help you out as you start. There are also ample training resources and videos to get you familiarized with some technical kinds of stuff and to show you the ropes.
The ecommerce platform that My Business Venture provides also comes with useful tools and technology to make your business run as smooth as possible such as extensive marketing programs to assist you in driving a massive amount of traffic to your business.
This includes a built-in Google Analytics system in your website administration portal to show real-time analytics of your progress.
A Cheaper Alternative to Traditional Franchising
Again, this is the main selling point of this company. It gives you the ability to run a sustainable business platform similar to traditional franchising but only for a fraction of the cost.
You will have access as well as the right to sell and promote brand name products that will fetch you serious $$$$ as profits!
Dropshipping Made Easy
Another thing I love about My Business Venture is they provide you with free dropshipping tools and system with your actual PERSONALIZED AND CUSTOMIZED company name and logo on the item packages,
Imagine how professional and legit your business will look when every time the orders arrives into the customers, everything seems to be coming from you instead of being sourced from the “My Business Venture.”
This will also ensure that your customers will not be stolen away by some other company selling products with “their” name on everything instead of “yours.”
The tendency is, repeat customers would directly order from that company the next time bypassing you and your potential future profits. MBV made sure nothing like this happens to your business.
Sky High Company Legitimacy
This right here is the answer if you are wondering if My Business Venture is a scam.
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MBV is an accredited member of the Better Business Bureau (BBB) since 2009 and currently has an outstanding A+ rating. MBV is also registered with Dun and Bradstreet.
This on top of the fact that this company has been operating for more than 20 years is a solid proof of its legitimacy.
My Concerns about MBV
At this point in my Business Venture’s review, I would like to say that there is no doubt in my mind about this company’s legitimacy and the kind of top-notch entrepreneurial services they can offer.
However, I would like to raise 2 significant concerns, the first one of which I feel that we both share.
Expensive
This does not come as a surprise. The pricey membership plans might cause a significant issue on some entrepreneurs. I think the price is a “little” too high for the majority of people reading this.
In the world we live in today, not many people, especially the new aspiring entrepreneurs who want to start an online business, can afford My Business Venture’s most popular package that costs $2795.
How much more for the Enterprise package that cost $3995?
In fact, even the most basic package with an upfront cost of $795 is still relatively expensive, not to mention the $99.83 monthly payment that follows (for 36 months).
As I have said earlier and I will repeat it this time, I have no arguments about the contents of the package.
But taking into consideration that you are new to online business and hasn’t established yourself as the go-to site for people who shops online, the tendency is you will be pulling the $99.83 off your pocket for the next coming months.
This is in addition to the other expenses that you have to attend to keep your site fully optimized and running to generate traffic.
Which brings us to my second concern…
MBV – A Car Full of Gas but No Driver
This second one is more like a “clarification” instead of a concern.
Subscribing to MBV is like being given a car with a full tank of gas but no driver.
If you can drive then no problem, easy as pie, however, if you do not know how to drive, or for some reason, you can’t drive (license expired), then you have a problem.
The same situation can be compared to My Business Venture.
When you buy any of the first two packages, although you will have access to a fantastic Done-For-You ecommerce business platform – your customized website, personalized logos, social media integrations and access to more than enough products…
The reality is you need to “drive” your business.
Your ROI depends on how well you drive traffic to your store on your own devices.
Yes, MBV will provide you with the marketing training and strategies to get leads but…
Please do not assume that you literally have to do nothing.
How your business performs will depend on your ability to drive traffic and get leads thru SEO optimization, marketing campaigns whatnot. I know I’m coming a little pessimistic about MBV here, but this is the reality.
The last thing I would want is for you to invest into something thru my review only to find out that it isn’t exactly what you are looking for.
On the bright side, getting the Enterprise package will provide you with traffic. SOME!
But as you are just starting your online business let me ask you this…
- Are you willing to spend $4K just to get a “little” traffic?
- Do you have the capacity to do so?
- Are you willing to purchase the lower membership plans and do lead generation yourself?
If your answer to these questions is YES, then, by all means, give My Business Venture a try.
On the other hand, if this is not what you are currently seeking for at the moment, then check out this
My Business Venture Pros and Cons
To sum everything up, here’s my pros and cons list for MBV.
Pros
- A veteran company in the industry
- Extensive inventory of high-quality products
- Flexible payment plan for startups
- A+ rating from BBB
- Mostly positive customer reviews and ratings
- Everything is Done-For-You
- Establish your brand thru custom logos
- Ecommerce enabled and personalized website
- SSL certificate
- High-speed hosting
- 35% – 200% profit margins
- Customizable product markups base on your preference
- Automatic product updates
- Abundant training resources
- Sophisticated tools and systems
- A great alternative to franchising
- Excellent support team
- Can be a full-time or part-time online business option
Cons
- Expensive
- You need to drive traffic to your site
- ROI depends on how you generate leads
- Some features are exclusive to expensive plans
VERDICT
My Business Venture is without a doubt one of the best ecommerce platforms for dropshipping today. The company offers legit and reliable services to jumpstart your ecommerce business.
However, everything is for a fair amount of price. This is why I can personally say that MBV is best suited for people that already have a good amount of funds to invest and start a business.
But for the majority, well, you might just have to find a way to put up the $785 for the basic package or the $2,795 for MBV’s most popular package if you are really interested to start your online business venture with them.
Any good business opportunity always requires an investment.
What matters the most is to make sure that it’s all worth it in the end. If you can see that in My Business Venture, do not waste any time and start your ecommerce business now.
On the other hand, if you are still on the fence on whether drop shipping or affiliate marketing is best for you, I provided a little more input about the two below.
Dropshipping vs. Affiliate Marketing
In layman’s term, Dropshipping is when you own your own store but order directly from a supplier and the supplier ships it to your customer, just like what My Business Venture offers.
On the flip side, Affiliate Marketing is when you simply refer a customer to another business and take a commission if that customer completes a purchase.
My Sincere Advice To You
My Business Venture is an overall excellent opportunity to start your dropshipping business. The services they provide may not be flawless but come on, nothing is.
With regards to which is better, dropshipping or affiliate marketing, I personally believe that both have their own merits. You have to ask yourself which of the one you think best fits your passion and interests.
But if you really are interested in turning your passion into a full-time online business, then I’d highly recommend that you check this out.
It is the program that has taught me and thousands of individuals with no prior knowledge or experience to find success online. Here’s my success story with the program.
Anyway, thank you for taking the time to read this My Business Venture review. If this has been helpful to you, please share this to others as it could help them too.
If you have thoughts or opinions on My Business Venture you would like to share, feel free to leave a comment below.
Until next time.
Your pal,
Jay