MyMoneyFish is a home-based business option which lately began on February 3, 2010. I wanted to endow you with my honest review of the business, if you are investigating joining, so that you can make a clued-up decision. I will divide my review down into 3 sections: Products, Cost and Compensation, Summary.
THE PRODUCTS: With My Money Fish, you have access to more than 3,000 advertising productivity equipments - software and e-books - in your back office. Each product is digital and can be downloaded to your computer. Also, a nice aspect is that all these products come with Master Resell Rights that could offer you with an extra income stream. Some of the products include an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are numerous programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and indeed provides value possibly because of the volume offered. Many of the products are really good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from several other identical home based business options on the internet. The cost is merely $9.95 per month...extremely inexpensive. Generally these types of programs, in my point of view, are not worth the effort since I think that you get what you pay for. The matrix makes this program special and more money making than the others if you work the business. It's a 10×4 matrix. You have to recruit 10 people into your team in order to be qualified to earn commissions. Once you do, you are eligible for life. Anybody you employ more than the required 10 will spill down to facilitate fill up the matrices of your team. I never recommend that anyone rely on spillover, but it is a very real possibility. The matrix is merely 4 levels deep which, in my book, permits you to have greater control of your income. Your commissions are residual at $2 for every individual in your matrix, whether they are on your first level or your fourth level. This does not sound like great number but it really can add up rapidly!
SUMMARY: The program is inexpensive so it has mass-appeal. In my opinion, it is worth the low-cost and can either be used as a secondary program to promote to your prospects who are on a budget or as a primary program to offer you with a residual income that could increase over time. You will have to promote yourself and your website in order to build your team. As long as you do this, MyMoneyFish can be a profitable business for you. As with any residual income program, you cannot really stop promoting as individuals will leave the business. Work with your team personally to limit your attrition cost.
Therefore, in conclusion, I feel that MyMoneyFish is not a scam but a legitimate home-based business that I know is paying out commissions on-time. The products are beneficial and could be resold for added income. The website is clean and simple to navigate, there are various promotional tools and advertising ideas in the back office. The matrix is very simple and potentially lucrative. Just remember that marketing your business is always the solution to success in network advertising, regardless of what business you are in.
An Honest Review Of The MyMoneyFish Home Based Business
In this article, Steve Hawk provides network marketers with his MyMoneyFish review. He summarizes the products, cost and compensation plan, and provides his conclusion on why MyMoneyFish is a legitimate network marketing business that can provide a residual income to anyone who puts in the effort to build their business.
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