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A Truthful Review Of The MyMoneyFish Home Based Business Opportunity
MyMoneyFish is a home-based business opportunity which lately began on February 3, 2010. I wanted to endow you with my honest review of the business, if you are considering joining, in order that you could make a knowledgeable 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 over 3,000 advertising productivity tools - software and e-books - in your back office. All of the products are digital and could be downloaded to your PC. Moreover, a good aspect is that all of these products come with Master Resell Rights that could provide you with an additional income stream. A few products incorporate an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are many programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and indeed offers value possibly due to the volume offered. Many of the products are really good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from several other similar looking home based business options on the internet. The cost is only $9.95 per month...extremely inexpensive. Usually these types of programs, in my opinion, are not worth the effort as I think that you get what you pay for. The matrix makes this program unique and more money making than the others if you work the business. It's a 10×4 matrix. You have to employ 10 people into your team in order to be qualified to earn commissions. Once you do, you are eligible for life. Anybody you recruit more than the required 10 will spill down to assist fill up the matrices of your team. I never advise that anyone depend on spillover, but it is a very real opportunity. The matrix is only 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 quickly!
SUMMARY: The program is inexpensive so it has mass-appeal. In my point of view, 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 may raise over time. You will have to market yourself and your website in order to build your team. Only if you do this, MyMoneyFish can be a profitable business for you. As with any residual income program, you cannot really stop marketing as people will leave the business. Work with your team closely to limit your attrition rate.
So, in conclusion, I believe that MyMoneyFish is not a scam but a legitimate home-based business that I know is paying out commissions on-time. The products are helpful and could be resold for added income. The website is clean and simple to navigate, there are plenty of promotional tools and marketing ideas in the back office. The matrix is very easy and potentially profitable. Just keep in mind that promoting your business is always the way to success in network marketing, no matter what business you are in.
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