MyMoneyFish is a home-based business opportunity that recently launched on February 3, 2010. I wanted to provide you with my truthful review of the business, if you are thinking about joining, so that you could 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 more than 3,000 marketing productivity tools - software and e-books - in your back office. All of the products are digital and may be downloaded to your laptop. Also, an excellent aspect is that all of these products come with Master Resell Rights which can provide you with an additional earning stream. A few products include an Autoresponder, website creation software, splash page software, various educational e-books, and more. While there are several programs that offer junk digital downloads, I think that MyMoneyFish separates themselves and actually offers value probably due to the volume provided. Many of the products are extremely good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other similar looking home based business opportunities on the net. The cost is only $9.95 per month...quite cheap. Generally these kinds of programs, in my point of view, are not worth the effort because I think that you get what you pay for. The matrix makes this program unique and more profitable than the others if you work the business. It's a 10×4 matrix. You need to employ 10 individuals into your team in order to be entitled to earn commissions. Once you do, you are eligible for life. Anyone you employ above the required 10 will spill down to help fill the matrices of your team. I never suggest that anyone depend on spillover, but it is a very real opportunity. The matrix is just 4 levels deep which, in my book, allows you to have greater control of your earnings. 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 a lot but it really can add up quickly!
SUMMARY: The program is reasonably priced thus it has mass-appeal. In my opinion, it is worth the low-cost and can either be utilized 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 increase over time. You will need to market yourself and your site so as to build your team. Only if you do this, MyMoneyFish can be a money making business for you. As with any residual income program, you cannot really stop advertising because people will leave the business. Work with your team closely to limit your attrition rate.
So, to conclude, I think that MyMoneyFish is not a scam but a legitimate home-based business that I understand is paying out commissions on-time. The products are helpful and can be resold for added income. The site is clean and easy to navigate, there are plenty of promotional tools and marketing ideas in the back office. The matrix is very easy and potentially productive. Just remember that promoting your business is always the way to success in network marketing, no matter what business you are in.
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