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A True Review Of The MyMoneyFish Home Based Business
MyMoneyFish is a home-based business opportunity which recently started on February 3, 2010. I wanted to provide you with my honest review of the business, if you are investigating joining, so that you can make an informed decision. I will break my review down into 3 sections: Products, Cost and Compensation, Summary.
THE PRODUCTS: With My Money Fish, you have access to around 3,000 marketing productivity equipments - software and e-books - in your back office. All of the products are digital and may be downloaded to your computer. Also, a nice feature is that all of these products come with Master Resell Rights that can offer you with an additional income stream. Some of the products include an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are many programs that provide junk digital downloads, I think that MyMoneyFish separates themselves and actually provides value probably because of the volume offered. Many of the products are really good.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from several other identical home based business opportunities on the internet. The cost is only $9.95 per month...extremely inexpensive. Generally these types of programs, in my opinion, are not worth the effort since I suppose that you get what you pay for. The matrix makes this program unique and more gainful than the others if you work the business. It's a 10×4 matrix. You need to employ 10 people into your team in order to be qualified to earn commissions. Once you do, you are qualified for life. Anyone you hire above the required 10 will spill down to assist fill the matrices of your team. I never suggest that anyone rely on spillover, but it is a very real possibility. The matrix is only 4 levels deep which, in my book, allows you to have greater control of your income. Your commissions are residual at $2 for every person in your matrix, whether they are on your first level or your fourth level. This does not sound like large number but it really can add up quickly!
SUMMARY: The program is reasonably priced 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 provide you with a residual income that could raise over time. You will need to advertise yourself and your site 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 marketing as individuals will leave the business. Work with your team closely to limit your attrition cost.
So, 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 useful and can be resold for added income. The website is clean and easy to navigate, there are several promotional tools and marketing ideas in the back office. The matrix is very simple and potentially lucrative. Just remember that marketing your business is always the key to success in network marketing, regardless of what business you are in.
A True 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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