A Truthful Review Of The MyMoneyFish Home Based Business
MyMoneyFish is a home-based business option 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 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 around 3,000 marketing productivity tools - software and e-books - in your back office. All of the products are digital and can be downloaded to your computer. Moreover, an excellent aspect is that all these products come with Master Resell Rights that could provide you with an extra income stream. A few products include an Autoresponder, website creation software, splash page software, various educational e-books, and more. While there are many programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and in fact provides value probably because of the volume provided. Several products are really good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other similar looking home based business options on the net. The cost is just $9.95 per month...quite inexpensive. 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 exceptional and more profitable than the others if you work the business. It's a 10×4 matrix. You need to recruit 10 people into your team in order to be eligible to earn commissions. Once you do, you are eligible for life. Anyone you recruit above the required 10 will spill down to assist fill up the matrices of your team. I never suggest that anyone depend on spillover, but it is an extremely real opportunity. The matrix is merely 4 levels deep which, in my book, allows you to have greater control of your earnings. 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 large number but it really can add up fast!
SUMMARY: The program is reasonably 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 provide you with a residual income that may grow over time. You will need to market yourself and your website so as to build your team. As long as you do this, MyMoneyFish could be a money making 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 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 useful and can be resold for added income. The website is clean and simple to navigate, there are various promotional tools and marketing ideas in the back office. The matrix is very easy and potentially profitable. Just remember that promoting your business is always the key to success in network advertising, no matter what business you are in.