MyMoneyFish is a home-based business opportunity that lately began on February 3, 2010. I wanted to provide you with my truthful review of the business, if you are considering joining, in order 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 over 3,000 advertising productivity equipments - software and e-books - in your back office. Each product is digital and may be downloaded to your PC. Moreover, an excellent feature is that all these products come with Master Resell Rights which may provide you with an extra earning stream. A few products incorporate an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are numerous programs that provide junk digital downloads, I think that MyMoneyFish separates themselves and actually provides value possibly due to the volume offered. Numerous products are really good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from numerous other similar looking home based business opportunities on the internet. The cost is just $9.95 per month...quite inexpensive. Usually these kinds of programs, in my opinion, are not worth the effort because I think that you get what you pay for. The matrix makes this program special and more gainful than the others if you work the business. It's a 10×4 matrix. You have to hire 10 individuals into your team so as to be entitled to earn commissions. Once you do, you are qualified for life. Anybody you recruit above the required 10 will spill down to assist fill the matrices of your team. I never advise that anyone rely on spillover, but it is a very real possibility. The matrix is just 4 levels deep which, in my book, allows 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 a lot but it really can add up fast!
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 may raise over time. You will have to promote yourself and your website in order to build your team. As long as you do this, MyMoneyFish could be a profitable business for you. As with any residual income program, you cannot really stop promoting because people will leave the business. Work with your team closely to limit your attrition rate.
Thus, to conclude, I think 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 easy to navigate, there are various promotional tools and advertising ideas in the back office. The matrix is very simple and potentially profitable. Just remember that promoting your business is always the way to success in network marketing, regardless of what business you are in.
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