ThePowerMBA has been available outside of Europe since 2020 and offers a unique approach to business education. But does it hold up against a real MBA program? As an internet entrepreneur with experience reviewing hundreds of online courses, I’m here to share my thoughts.
First off, let me be clear: I’m not affiliated with ThePowerMBA and I’m not being paid to write this review. You can trust that my words are unbiased.
I’ll be giving you an honest look at what this program offers and whether or not it’s worth your time and money. And to top it off, at the end of this review, I’ll be sharing an alternative that has helped me make a full-time passive income online. So, let’s dive in and see what this program is all about.
Table of Contents
What is ThePowerMBA?
Despite its name, ThePowerMBA doesn’t offer a degree that will be widely recognized by companies or schools. However, that doesn’t mean it’s not worth considering if you’re interested in building an online business.
The course’s main focus is teaching students how to become digital marketers and run an online business. While similar training is available elsewhere, ThePowerMBA stands out for its marketing as an MBA alternative.
It’s important to note that completing the program won’t give you the same recognition as a traditional MBA program. It’s not meant to be recognized by companies, schools, or anyone else as an MBA.
That being said, their training can be quite diverse and useful in building an online business. You’ll learn about various business models, but it’s important to note that they may not be immediately applicable to your own business. You may need additional training to really understand and implement these models.
So, if you’re looking for an alternative to a traditional MBA and are interested in building an online business, ThePowerMBA could be worth considering. Just be aware that it won’t offer the same recognition as a traditional MBA program.
Who are the instructors of ThePowerMBA?
The Power MBA sales page features a lineup of impressive business people such as the co-founder of Tesla, Netflix, Shazam, YouTube, and many others.
However, it’s important to note that this can be a bit misleading. Although some webinars might resemble interviews with these business icons, they are not the actual instructors for the course.
Instead, ThePowerMBA course is taught by a team of experienced professionals who have worked with renowned companies such as McKinsey, Google, Amazon, and others.
While the course is not taught by business icons themselves, the team behind ThePowerMBA brings a wealth of knowledge and experience to the table.
Therefore, if you’re considering enrolling in ThePowerMBA course and expecting to learn how to start a business directly from the likes of Netflix or YouTube, it’s important to manage your expectations accordingly.
How is the training structured?
This program consists of 9 modules, each covering different topics. Here’s what you can expect to learn in each module:
Model 1 – Business Model Innovation
This section offers various business models that you can choose from based on your situation. However, please note that this section does not provide a guaranteed money-making business model.
Here are some of the sections you can explore:
- Business Model Analysis – Learn about business models in this section.
- Engines Of Growth – You’ll find out how online businesses grow and how to grow your business.
- Segmentation And Targeting – Using segmentation and targeting, you can identify and understand your most valuable customers.
- Value Propositions – These are the products and services that you provide.
Module 2 – Testing Business Ideas And The Lean Startup
The purpose of this section is to teach you how to launch your business without spending a lot of money.
A good business model is one that fits the needs of the company and does not require a lot of effort.
Module 3 – Business And Marketing Strategies
In this module, you will learn your marketing strategies and how you will reach out to customers.
Here are some of the things you get:
- Blue Ocean Strategy – The goal of this strategy is to identify new strategies for new markets.
- Industry Analysis – Discover how to analyze competitors in your industry.
- Corporate Growth Strategies – This section provides information on growing your business.
- Brand Strategy – You will learn how to build a brand through brand strategy.
- Pricing – Your final module in this course will cover how to price your products or services.
Module 4 – Leadership
This module deals with leadership and developing your skills as a leader throughout your business’ journey.
Module 5 – Entrepreneurship And Fundraising
In this module, you will learn everything you need to know about entrepreneurship and fundraising.
- Preparing yourself for success
- Building a team
- Finding investors for your project
- Getting in touch with investors and the best time to contact them
Module 6 – The Power Of Being A Digital Marketer
If you want to succeed in online marketing, there are certain things you need to learn.
This section is here to teach you how to do just that.
Take a look at what you get in this section:
- Understanding the differences between digital channels
- Creating a sales funnel
- Converting a potential customer
- Getting traffic to your website
Module 7 – Finance And Accounting
As your business grows, finance and accounting become more and more important. This section will cover both of these topics in detail.
Module 8 – HR And Talent Management
Managing your employees and fostering a positive work environment requires a lot of effort on your part. Don’t worry though, this section will teach you how to do it effectively.
Module 9 – Disruptive Tech In Business
In the final module, you will learn about the new technologies you are likely to encounter in your industry.
How much does ThePowerMBA cost?
The course is priced at $995, and you can choose to pay in 2, 3, or 6 installments.
The first two options are $518 and $354 per installment, respectively, while the last option is $184 per installment.
If you’re not satisfied with the course, you can request a refund within 15 days.
PowerMBA vs Traditional MBAs
If you’re considering ThePowerMBA as an alternative to a traditional MBA, here’s what you need to know.
While it may offer reasonable value for its education modules, it doesn’t quite live up to its name in terms of network quality and industry-specific learning.
In reality, ThePowerMBA is more like a cohort-based course than a full-fledged MBA program. It may not provide you with an accredited degree, which is something to consider if that’s what you’re after. On the other hand, if you’re looking for a low-cost remote MBA, you may want to check out Quantic. Keep in mind that it’s quite challenging to qualify for.
While ThePowerMBA can expose you to common business models, it may not give you the tools to build a successful and profitable business or provide a competitive edge. You’ll need to come up with your own ideas.
If you’re only looking for business ideas, you can easily find them on YouTube for free, without having to pay $995 to hear them from ThePowerMBA coaches.
In short, ThePowerMBA can be a decent option if you’re looking for an MBA alternative that offers a basic understanding of business models. However, it may not be worth the high price tag for those looking to gain a comprehensive education in business.
Praise for ThePowerMBA
1. Low Cost, High Quality
If you’re on a budget but still want to get ahead in the business world, ThePowerMBA is an excellent choice. This course is far more affordable than traditional MBA programs, without sacrificing any of the quality. You’ll get top-notch instruction from industry experts without breaking the bank.
2. Incredible Guest Speakers
ThePowerMBA is known for its incredible guest speakers, who come from some of the biggest tech companies in the world. From AirBnB to Google, you’ll get insider insights from some of the most successful people in the business. You’ll learn what they did to get to the top and how you can follow in their footsteps.
3. Interactive Q&A Sessions
The course also offers live Q&A sessions with successful tech executives, in addition to the pre-recorded material. This means you can get answers to your burning business questions and learn from the best in the industry. You’ll have a chance to interact with successful people and get their advice on your specific situation.
4. Lifetime Access to a Thriving Community
Once you complete ThePowerMBA, you won’t be left on your own. You’ll have lifetime access to a thriving community of business professionals and networking opportunities. You can connect with like-minded individuals, collaborate on projects, and share your successes with others. It’s a fantastic way to keep growing your business knowledge and make valuable connections for years to come.
Criticism of ThePowerMBA
1. Limited Scope of Training
One downside of ThePowerMBA course is that it’s quite general. If you’re completely new to the online world and want to learn about a specific business model, this course might not be the best fit for you. You can find more specific business training on YouTube for free, so it’s worth exploring that option before you invest in this course.
2. Lack of Accreditation
Another con of ThePowerMBA is that it’s not accredited. If you’re looking to stack certifications or logos on your resume, this course might not be the right choice for you. Keep in mind that employers often prefer candidates with accredited qualifications, so this could be a disadvantage if you’re job hunting.
3. Not Ideal for All Levels of Professionals
ThePowerMBA course is designed for middle-management professionals. While it’s great if you’re in that category, it might not be a perfect fit if you’re an entry-level or VP-level professional. The high-level content could be too advanced for beginners, while not challenging enough for senior-level executives.
4. Not Taught by Well-known Leaders
ThePowerMBA course is marketed as being taught by business titans, but in reality, most of the coursework is taught by teachers. While the teachers may be knowledgeable and experienced, it’s worth noting that you won’t be learning from well-known leaders in the business world. This could be a disadvantage if you were expecting to be taught by some of the biggest names in the industry.
Is ThePowerMBA a scam?
If you’re thinking about investing in ThePowerMBA course but you’re skeptical about its authenticity, let me clear things up for you – it’s not a scam. However, it’s important to note that this course may not be suitable for everyone.
Personally, I’m not a big fan of general business training, and I prefer to focus on specific business models. That being said, if you’re someone who is interested in learning about various business topics, then this course may be right up your alley.
One thing to keep in mind is that ThePowerMBA does use a lot of jargon, which can make it difficult to understand for those who are not familiar with industry-specific language. This can be frustrating and may cause you to lose interest in the course.
Moreover, the course creators seem to go out of their way to use as many business and marketing terms as possible, which can be overwhelming and unnecessary. However, this doesn’t necessarily mean that the course is a scam.
If you’re looking to learn about online business models specifically, you may be better off browsing through YouTube videos for more simplified explanations.
But if you’re interested in learning about a variety of business topics and don’t mind the jargon, then ThePowerMBA could be a good investment for you.
Learn more: Make Money Online Scams: How to Avoid Them?
Is there a better alternative to ThePowerMBA?
If you are still unclear about what business model to begin with, I suggest you play it safe by starting with affiliate marketing.
Affiliate marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
For more information, you can check out my full review of Wealthy Affiliate.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.