MyMoneyFish is a home-based business option which lately launched on February 3, 2010. I wanted to provide you with my truthful review of the business, if you are thinking about joining, in order that you can 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 around 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 laptop. Moreover, a nice aspect is that all these products come with Master Resell Rights that could provide you with an additional earning stream. A few products consist of an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are several programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and indeed offers value probably due to the volume provided. Several products are really good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from numerous other identical home based business options on the net. The cost is only $9.95 per month...quite cheap. Usually these types of programs, in my point of view, are not worth the effort as I suppose that you get what you pay for. The matrix makes this program special and more profitable than the others if you work the business. It's a 10×4 matrix. You need to hire 10 individuals into your team so as to be qualified to earn commissions. Once you do, you are eligible for life. Anybody you hire more than the required 10 will spill down to help fill the matrices of your team. I never advise that anyone depend on spillover, but it is an extremely real possibility. The matrix is just 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 a lot but it really can add up quickly!
SUMMARY: The program is low-priced thus 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 site so as to build your team. Only if you do this, MyMoneyFish could be a profitable business for you. As with any residual income program, you cannot really stop advertising since individuals will leave the business. Work with your team personally to limit your attrition rate.
So, to conclude, I think that MyMoneyFish is not a scam but a legal 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 productive. Just keep in mind that marketing your business is always the way to success in network advertising, regardless of what business you are in.
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