MyMoneyFish is a home-based business option that recently started on February 3, 2010. I wanted to endow you with my honest review of the business, if you are investigating joining, in order that you may make an informed 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 over 3,000 marketing productivity equipments - software and e-books - in your back office. Each product is digital and can be downloaded to your computer. Moreover, a good feature is that all these products come with Master Resell Rights which can offer you with an extra income stream. Some of the products consist of an Autoresponder, website creation software, splash page software, several educational e-books, and more. While there are many programs which offer junk digital downloads, I think that MyMoneyFish separates themselves and actually provides value possibly because of the volume offered. Several products are very good.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from several other similar looking home based business opportunities on the internet. The cost is merely $9.95 per month...extremely inexpensive. Usually these kinds of programs, in my opinion, are not worth the effort since I believe 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 have to recruit 10 people into your team so as to be eligible to earn commissions. Once you do, you are qualified for life. Anybody you recruit above the required 10 will spill down to assist fill up the matrices of your team. I never recommend that anyone rely on spillover, but it is an extremely real opportunity. The matrix is only 4 levels deep which, in my book, permits 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 large number but it really can add up rapidly!
SUMMARY: The program is inexpensive so it has mass-appeal. In my point of view, 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 provide you with a residual income that could grow over time. You will need to advertise yourself and your website in order to build your team. As long as you do this, MyMoneyFish could be a gainful business for you. As with any residual income program, you cannot really stop marketing as people will leave the business. Work with your team closely to limit your attrition cost.
Therefore, in conclusion, I feel that MyMoneyFish is not a scam but a legal home-based business that I understand is paying out commissions on-time. The products are useful and could be resold for added income. The site is clean and easy to navigate, there are several promotional tools and advertising ideas in the back office. The matrix is very simple and potentially lucrative. Just keep in mind that advertising your business is always the key to success in network advertising, no matter what business you are in.
Know How Helpful Is MyMoneyFish
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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