A Truthful Review Of The MyMoneyFish Home Based Business Option
MyMoneyFish is a home-based business opportunity which lately launched on February 3, 2010. I wanted to endow you with my truthful review of the business, if you are considering joining, so that you can make a knowledgeable 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 advertising productivity tools - software and e-books - in your back office. Each product is digital and may be downloaded to your PC. Also, a nice aspect is that all of these products come with Master Resell Rights that could provide you with an extra earning stream. A few products include an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are several programs that provide junk digital downloads, I think that MyMoneyFish separates themselves and indeed offers value possibly due to the volume provided. Many of the products are really good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other identical home based business options on the net. The cost is merely $9.95 per month...quite cheap. Generally these types of programs, in my point of view, are not worth the effort because 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 have to employ 10 individuals into your team in order to be qualified to earn commissions. Once you do, you are eligible for life. Anyone you hire more than the required 10 will spill down to help fill up the matrices of your team. I never suggest that anyone depend 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 rapidly!
SUMMARY: The program is reasonably priced hence 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 can raise over time. You will have to market yourself and your website so as 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 advertising because individuals will leave the business. Work with your team personally to limit your attrition rate.
Therefore, to conclude, 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 can be resold for added income. The website is clean and simple to navigate, there are plenty of promotional tools and advertising ideas in the back office. The matrix is very easy and potentially profitable. Just remember that marketing your business is always the way to success in network marketing, regardless of what business you are in.
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